PREPAID EXPENSES AND OTHER CURRENT ASSETS

6 Months Ended

May 31, 2026

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:


		As of May 31,			As of November 30,
		2026			2025
		(Unaudited)			(Audited)
Other prepaid insurance		$	34,545		$	1,803
Professional services			208,625			167,067
Prepayment for R&D service			1,650,000			500,000
Interest accrued			604,691			179,309
Other current assets			51,012			50,012
Total Prepaid expenses and other current assets		$	2,548,873		$	898,191

The balance of $500,000 as of November 30, 2025 and $1,650,000 as of May 31, 2026 in prepayment for R&D service represents the advance payment made to certain third-party providers for the Company’s proprietary application used for delivery services related to the Company’s operational and technology expansion initiatives. As of May 31, 2026, services under this arrangement had been partially delivered and accordingly R&D expense was recognized during either period. The Company expects to recognize this prepayment as expense consistent with the service delivery schedule, which is expected to commence through fiscal year 2026.

The increase in professional services prepayments from $167,067 as of November 30, 2025 to $208,625 as of May 31, 2026 (an increase of $41,558) primarily reflects advance payments made to legal, audit, and investor relations advisors in connection with the Company’s ongoing public reporting obligations, market expansion activities, and potential acquisition evaluation.