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v3.25.1

Notes Payable (Tables) | 3 Months Ended
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Feb. 28, 2025
Debt Disclosure [Abstract] |
Schedule of Note Payable Obligation | As of February 28, 2025 and November 30, 2024, the note payable obligation was as follows:
|  | February 28, 2025 |  |  | November 30, 2024 |
Note payable - Susser |  | $ | 8,594,822 |  |  | $ | 8,628,700 |
Unamortized debt issuance costs - Susser |  |  | (142,921 | ) |  |  | (148,167 | )
Net note payable |  | $ | 8,451,901 |  |  | $ | 8,480,533 |
Current portion of note payable |  | $ | 178,786 |  |  | $ | 170,488 |
Long-term note payable, net of debt issuance costs |  |  | 8,273,115 |  |  |  | 8,310,045 |
Total |  | $ | 8,451,901 |  |  | $ | 8,480,533 |
Future principal payments under the note payable obligation are as follows:
Years ending February 28: |  | Amount |
2026 |  | $ | 178,786 |
2027 |  |  | 191,085 |
2028 |  |  | 204,786 |
2029 |  |  | 217,119 |
2030 |  |  | 231,024 |
Thereafter |  |  | 7,572,022 |
Less: Unamortized debt issuance costs |  |  | (142,921 | )
Total |  | $ | 8,451,901 |
Summary of Future Principal Payments under the Note Payable Obligation | Future principal payments under the note payable obligation are as follows:
Years ending February 28: |  | Amount |
2026 |  | $ | 178,786 |
2027 |  |  | 191,085 |
2028 |  |  | 204,786 |
2029 |  |  | 217,119 |
2030 |  |  | 231,024 |
Thereafter |  |  | 7,572,022 |
Less: Unamortized debt issuance costs |  |  | (142,921 | )
Total |  | $ | 8,451,901 |
Summary of Interest Expense on Note Payable | Interest expense on the note payable for the three months ended February 28, 2025 and February 29, 2024 was as follows:
|  | For the three months ended |  |  | For the three months ended |
|  | February 28, 2025 |  |  | February 29, 2024 |
Interest expense on notes payable - Susser |  | $ | 223,001 |  |  | $ | — |
Debt issuance costs - Susser |  |  | 5,246 |  |  |  | — |
Total interest expense |  | $ | 228,247 |  |  | $ | — |

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