PREPAID EXPENSES AND OTHER CURRENT ASSETS

9 Months Ended

Aug. 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 August 31,			As of November 30,
		2026			2025
		(Unaudited)			(Audited)
Other prepaid insurance		$	33,251		$	1,803
Professional services			72,875			167,067
Prepayment for R&D service			1,650,000			500,000
Interest accrued			340,038			179,309
Other current assets			28,543			50,012
Total Prepaid expenses and other current assets		$	2,124,707		$	898,191

The balance of $500,000 as of November 30, 2025 and $1,650,000 as of August 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 August 31, 2026, services under this arrangement had been partially delivered and accordingly R&D expense was recognized during the nine months ended August 31, 2026. The Company expects to recognize this prepayment as expense consistent with the service delivery schedule, which is expected to commence through fiscal year 2026.