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Equipment Payable	6 Months Ended
Nov. 30, 2023
Equipment Payable
Equipment Payable	Note 8 – Equipment Payable During the fiscal year ended May 31, 2019, the Company purchased a forklift under an installment purchase plan. The loan amount is $16,500 payable in 60 monthly installment payments of $317 comprising of principal payment of $275 and interest payment of $42. At November 30, 2023 and May 31, 2023, the balance outstanding on the loan was $550 and $2,200, respectively, of which the $550 balance is payable within the next year. The Company recorded an interest expense of $250 and $250, associated with the equipment financing during the six months ended November 30, 2023 and 2022, on the loan in the accompanying unaudited consolidated financial statements.

Equipment Payable

6 Months Ended

Nov. 30, 2023

Note 8 – Equipment Payable

During the fiscal year ended May 31, 2019, the Company purchased a forklift under an installment purchase plan. The loan amount is $16,500 payable in 60 monthly installment payments of $317 comprising of principal payment of $275 and interest payment of $42. At November 30, 2023 and May 31, 2023, the balance outstanding on the loan was $550 and $2,200, respectively, of which the $550 balance is payable within the next year. The Company recorded an interest expense of $250 and $250, associated with the equipment financing during the six months ended November 30, 2023 and 2022, on the loan in the accompanying unaudited consolidated financial statements.