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Note Payable (Tables) | 12 Months Ended
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Nov. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Note Payable Obligation | As of November 30, 2024, and November 30, 2023, the note payable obligation was as follows:
|  | November 30, 2024 |  |  | November 30, 2023 |
Note payable - Susser |  | $ | 8,628,700 |  |  | $ | 8,765,082 |
Unamortized debt issuance costs - Susser |  |  | (148,167 | ) |  |  | (169,404 | )
Net note payable |  | $ | 8,480,533 |  |  | $ | 8,595,678 |
Current portion of note payable |  | $ | 170,488 |  |  | $ | 165,641 |
Long-term note payable, net of debt issuance costs |  |  | 8,310,045 |  |  |  | 8,430,037 |
Total |  | $ | 8,480,533 |  |  | $ | 8,595,678 |
Future principal payments under the note payable obligation are as follows:
Years ending November 30: |  | Amount |
2025 |  | $ | 170,488 |
2026 |  |  | 187,035 |
2027 |  |  | 201,985 |
2028 |  |  | 213,753 |
2029 |  |  | 227,438 |
Thereafter |  |  | 7,628,001 |
Less: Unamortized debt issuance costs |  |  | (148,167 | )
Total |  | $ | 8,480,533 |
Summary of Future Principal Payments under the Note Payable Obligation | Future principal payments under the note payable obligation are as follows:
Years ending November 30: |  | Amount |
2025 |  | $ | 170,488 |
2026 |  |  | 187,035 |
2027 |  |  | 201,985 |
2028 |  |  | 213,753 |
2029 |  |  | 227,438 |
Thereafter |  |  | 7,628,001 |
Less: Unamortized debt issuance costs |  |  | (148,167 | )
Total |  | $ | 8,480,533 |
Summary of Interest Expense on Note Payable | Interest expense on the note payable for the years ended November 30, 2024 and November 30, 2023 was as follows:
|  | November 30, 2024 |  |  | November 30, 2023 |
Interest expense on notes payable - Susser |  | $ | 521,619 |  |  | $ | 136,958 |
Debt issuance costs - Susser |  |  | 10,569 |  |  |  | 3,631 |
Total interest expense |  | $ | 532,188 |  |  | $ | 140,589 |

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