Related Party Transactions Disclosure |
6 Months Ended |
|---|---|
May 31, 2026 | |
| Notes | |
| Related Party Transactions Disclosure | NOTE D - RELATED PARTY TRANSACTIONS
The Company has identified the following related parties at May 31, 2026:
1.Director / CEO (Mohammad Hasan Hamed). The Director historically funds the Company’s operating and administrative expenses through non-interest-bearing advances with no fixed repayment terms. The balance Due to Director at May 31, 2026 is $78,425 (unchanged from February 28, 2026). The advances are non-interest-bearing and payable on demand; no interest has been imputed, as the amounts are not material and the effect of imputing interest would be immaterial to the condensed consolidated financial statements.
2.Former Director of LHIS (Mc Gregor S James). Mr. James was the former sole member and director of LHIS prior to the August 31, 2025 acquisition and received 20,000 shares of the Company’s common stock in that transaction. Mr. James is the sole licensed inspector of LHIS and provides services as a 1099 independent contractor. The Company has a receivable from Mr. James of $24,422 at May 31, 2026 (net of $319 reimbursement owed to Mr. James for materials purchased on his personal credit card for the Grand Bay Resort job). The receivable is unsecured, non-interest-bearing, and has no fixed repayment terms.
During the three months ended May 31, 2026, the Company recognized $1,800 of contractor compensation paid to Mr. James. The Company will issue Form 1099-NEC for calendar 2026. |