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v3.25.2

Notes Payable (Tables) | 6 Months Ended
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May 31, 2025
Debt Disclosure [Abstract] |
Schedule of Note Payable Obligation | As of May 31, 2025 and November 30, 2024, the note payable obligation was as follows:
|  | May 31, 2025 |  |  | November 30, 2024 |
Note payable - Susser |  | $ | 8,554,284 |  |  | $ | 8,628,700 |
Unamortized debt issuance costs - Susser |  |  | (137,702 | ) |  |  | (148,167 | )
Net note payable |  | $ | 8,416,582 |  |  | $ | 8,480,533 |
Current portion of note payable |  | $ | 177,603 |  |  | $ | 170,488 |
Long-term note payable, net of debt issuance costs |  |  | 8,238,979 |  |  |  | 8,310,045 |
Total |  | $ | 8,416,582 |  |  | $ | 8,480,533 |
Future principal payments under the note payable obligation are as follows:
Years ending May 31: |  | Amount |
2026 |  | $ | 177,603 |
2027 |  |  | 195,135 |
2028 |  |  | 207,586 |
2029 |  |  | 220,485 |
2030 |  |  | 234,610 |
Thereafter |  |  | 7,518,865 |
Less: Unamortized debt issuance costs |  |  | (137,702 | )
Total |  | $ | 8,416,582 |
Summary of Future Principal Payments under the Note Payable Obligation | Future principal payments under the note payable obligation are as follows:
Years ending May 31: |  | Amount |
2026 |  | $ | 177,603 |
2027 |  |  | 195,135 |
2028 |  |  | 207,586 |
2029 |  |  | 220,485 |
2030 |  |  | 234,610 |
Thereafter |  |  | 7,518,865 |
Less: Unamortized debt issuance costs |  |  | (137,702 | )
Total |  | $ | 8,416,582 |
Summary of Interest Expense on Note Payable | Interest expense on the note payable for the three and six months ended May 31, 2025 and 2024 was as follows:
|  | For the three months ended |  |  | For the six months ended |
|  | May 31, 2025 |  |  | May 31, 2025 |
Interest expense on notes payable - Susser |  | $ | 239,154 |  |  | $ | 462,155 |
Debt issuance costs - Susser |  |  | 5,219 |  |  |  | 10,465 |
Total interest expense |  | $ | 244,373 |  |  | $ | 472,620 |
|  | For the three months ended |  |  | For the six months ended |
|  | May 31, 2024 |  |  | May 31, 2024 |
Interest expense on notes payable - Susser |  | $ | 47,166 |  |  | $ | 47,166 |
Debt issuance costs - Susser |  |  | — |  |  |  | — |
Total interest expense |  | $ | 47,166 |  |  | $ | 47,166 |

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