Notes Payable (Tables)
|
9 Months Ended |
Aug. 31, 2026 |
|---|
| Debt Disclosure [Abstract] |
|
| Schedule of Note Payable Obligation |
As of August 31, 2026 and November 30, 2025, the note payable obligation was as follows:
|
|
|
|
|
|
|
|
|
|
|
August 31, 2026 |
|
|
November 30, 2025 |
|
Note payable - Susser |
|
$ |
8,351,608 |
|
|
$ |
8,481,125 |
|
Unamortized debt issuance costs - Susser |
|
|
(112,019 |
) |
|
|
(127,345 |
) |
Net note payable |
|
$ |
8,239,589 |
|
|
$ |
8,353,780 |
|
Current portion of note payable |
|
$ |
199,184 |
|
|
$ |
183,650 |
|
Long-term note payable, net of debt issuance costs |
|
|
8,040,405 |
|
|
|
8,170,130 |
|
Total |
|
$ |
8,239,589 |
|
|
$ |
8,353,780 |
|
|
| Summary of Future Principal Payments under the Note Payable Obligation |
Future principal payments under the note obligation are as follows:
|
|
|
|
|
Years ending August 31: |
|
Amount |
|
2027 |
|
$ |
199,184 |
|
2028 |
|
|
210,387 |
|
2029 |
|
|
223,851 |
|
2030 |
|
|
238,197 |
|
2031 |
|
|
253,460 |
|
Thereafter |
|
|
7,226,529 |
|
Less: Unamortized debt issuance costs |
|
|
(112,019 |
) |
Total |
|
$ |
8,239,589 |
|
|
| Summary of Interest Expense on Note Payable |
Interest expense on the RCF and Term Note for the three and nine months ended August 31, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
For the three months ended |
|
|
For the nine months ended |
|
|
|
August 31, 2026 |
|
|
August 31, 2026 |
|
Interest expense on notes payable |
|
$ |
147,587 |
|
|
$ |
483,756 |
|
Debt issuance costs |
|
|
5,081 |
|
|
|
15,326 |
|
Total interest expense |
|
$ |
152,668 |
|
|
$ |
499,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended |
|
|
For the nine months ended |
|
|
|
August 31, 2025 |
|
|
August 31, 2025 |
|
Interest expense on notes payable |
|
$ |
244,006 |
|
|
$ |
706,161 |
|
Debt issuance costs |
|
|
5,192 |
|
|
|
15,657 |
|
Total interest expense |
|
$ |
249,198 |
|
|
$ |
721,818 |
|
|