Goodwill Disclosure |
6 Months Ended |
|---|---|
May 31, 2026 | |
| Notes | |
| Goodwill Disclosure | NOTE E - GOODWILL
Goodwill arose from the August 31, 2025 acquisition of LHIS in the amount of $78,754. During the three months ended February 28, 2026, the Company concluded under ASC 350-20 that the goodwill associated with the LHIS reporting unit was fully impaired and recognized a non-cash impairment charge of $78,754, as reported on Form 8-K Item 2.06 filed May 6, 2026 and Form 8-K Item 4.02 filed May 19, 2026. Carrying amount of goodwill at May 31, 2026 is $0. During the three months ended May 31, 2026, management evaluated whether additional impairment indicators arose; none were identified. Management concluded that BestGofer is the accounting acquirer of LHIS under ASC 805 (see the Company’s accounting-acquirer analysis). Impairment indicators were not present at November 30, 2025; the impairment was recognized in the three months ended February 28, 2026, the period in which impairment indicators arose and management completed its ASC 350-20 assessment. |