v3.26.3
Receivables Financing Obligations and Term Loan (Tables)
3 Months Ended
Aug. 31, 2026
Receivables Financing Obligations and Term Loan  
Schedule of receivables financing obligations

 

 

August 31, 2026

 

 

May 31,

2026

 

Provider A – merchant cash advance funded April 28, 2026 (repaid June 10, 2026)

 

$-

 

 

$332,897

 

Provider B – merchant cash advance funded April 24, 2026

 

 

56,877

 

 

 

258,183

 

Term loan payable – Provider A affiliate, Loan Agreement dated June 26, 2026, funded July 2, 2026

 

 

326,113

 

 

 

-

 

Provider C – merchant cash advance funded July 22, 2026

 

 

265,249

 

 

 

-

 

Provider D – receivables purchase funded August 27, 2026

 

 

50,525

 

 

 

-

 

Total receivables financing obligations and term loan

 

$698,764

 

 

$591,080

 

Less: term loan payable, presented separately

 

$(326,113)

 

$-

 

Receivables financing obligations

 

$372,651

 

 

$591,080