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LOANS PAYABLE
9 Months Ended
May 31, 2026
Debt Disclosure [Abstract]  
LOANS PAYABLE

NOTE 4 LOANS PAYABLE

 

   May 31,
2026
   August 31,
2025
 
Loans payable  $4,204,359   $3,742,325 

 

The loans payables are generally due on demand and have not been called, are unsecured, and are bearing interest at a range of 0-12%.

 

The company may have to provide alternative consideration (which may be in cash, fixed number of shares or other financial instruments) up to amounts accrued to satisfy its fixed obligations under certain unsecured loans payable. The consideration hasn’t been issued yet and is included in accrued expenses and interest expense and was valued based on the fair value of the consideration at issuance.

 

The aggregate schedule maturities of the Company’s loans payable outstanding as of May 31, 2026 are as follows:

 

Twelve-month period ended May 31, 2027   $ 4,204,359