XML 22 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Note Payable (Tables)
3 Months Ended
Feb. 29, 2020
Debt Disclosure [Abstract]  
Schedule of Note Payable Obligation
As of February 29, 2020 and November 30, 2019, the note payable obligation was as follows:
 
   February 29, 2020   November 30, 2019 
Note payable
  $ 8,333,433   $ 9,108,433 
Unamortized debt issuance costs
   (127,800   (152,281
  
 
 
   
 
 
 
Net note payable
  $8,205,633   $8,956,152 
  
 
 
   
 
 
 
Current portion of note payable
  $3,100,000   $3,100,000 
Long-term note payable, net of debt issuance costs
   5,105,633    5,856,152 
  
 
 
   
 
 
 
Total
  $8,205,633   $8,956,152 
  
 
 
   
 
 
 
Summary of Interest Expense on Note Payable
Interest expense on the note payable for the three months ended February 29, 2020 and February 28, 2019 was as follows:
 
   February 29, 2020   February 28, 2019 
Interest expense on notes payable
  $ 109,780   $ 180,244 
Debt issuance costs
   24,481    29,894 
  
 
 
   
 
 
 
Total interest expense
  $134,261   $210,138