v3.26.3
Convertible Notes (Tables)
3 Months Ended
Aug. 31, 2026
Convertible Notes  
Schedule of convertible notes

 

 

August 31, 2026

 

 

May 31,

2026

 

Lender – Maintenance Note

 

$1,682,000

 

 

$1,682,000

 

Lender – Master Note Tranche 1

 

 

74,747

 

 

 

388,450

 

Lender – Master Note Tranche 2

 

 

500,000

 

 

 

500,000

 

Note issued fiscal 2025 – one lender (non-current, converted July 2026)

 

 

-

 

 

 

250,000

 

Notes issued fiscal 2026 – other lenders

 

 

32,281

 

 

 

259,486

 

Debtfund L.P. – CPN #2 (August 2026)

 

 

203,000

 

 

 

-

 

CFI Capital (July 2026)

 

 

180,000

 

 

 

-

 

GW Capital (August 2026)

 

 

115,500

 

 

 

-

 

Auctus Fund (August 2026)

 

 

150,000

 

 

 

-

 

SilverCrest Hybrid Capital (August 2026)

 

 

125,000

 

 

 

-

 

Total principal outstanding

 

$3,062,528

 

 

$3,079,936

 

Less: unamortized debt discount

 

 

(1,102,625)

 

 

(923,880)

Less: amounts classified as non-current

 

 

-

 

 

 

(250,000)

Convertible notes payable, current, net of discounts

 

$1,959,903

 

 

$1,906,056