Related party |
12 Months Ended |
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Nov. 30, 2023 | |
Related Party Transactions [Abstract] | |
Related party | 4. Related party
Effective June 15, 2018, the Company entered a Loan Agreement with its CEO. The lender agreed to lend a total of $50,000 payable in applicable installments over the Term of the loan. The CEO agreed to an interest rate of 0% and a Term of 5 years. Effective October 6, 2022, the CEO agreed to increase maximum amount of the Loan to $100,000 and extend the Term to 7 years or until June 15, 2025. The amount due under the Loan was $50,671 and $57,079 as of November 30, 2023 and 2022, respectively. During the year ended November 30, 2023, the CEO advanced $24,086 to the Company and the Company repaid the CEO $30,494. During the year ended November 30, 2022, the CEO advanced $30,696 to the Company and the Company repaid the CEO $0. Imputed interest expense of $5,677 and $2,996 for the years ended November 30, 2023 and 2022, respectively, was recorded as additional paid in capital.
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