v3.25.2
CONCENTRATION OF CREDIT RISK
 6 Months Ended
May 31, 2025
Risks and Uncertainties [Abstract]  
CONCENTRATION OF CREDIT RISK

NOTE 13 – CONCENTRATION OF CREDIT RISK

 

Cash Deposits

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. As of May 31, 2025 and November 30, 2024, the Company had no deposits over the FDIC insured limit.

 

Revenues

 

Four customers accounted for 100% of the total revenue for the six months ended May 31, 2025, as set forth below:

SCHEDULE OF CONCENTRATION OF CREDIT RISK 

Customer A   64%
Customer B   25%
Customer C   9%
Customer D   2%

 

Three customers accounted for 100% of total revenues for the six months ended May 31, 2024, as set forth below:

 

Customer A   53%
Customer B   30%
Customer C   17%

 

Accounts Receivable

 

One customer accounted for 100% of the accounts receivable as of May 31, 2025.

 

Two customers accounted for 100% of the accounts receivable as of May 31, 2024, as set forth below:

 

Customer A   65%
Customer B   35%

 

Vendors

 

One supplier accounted for 100% of purchases during the six months ended May 31, 2025.

 

One supplier accounted for 100% of purchases during the six months ended May 31, 2024.