XML 46 R38.htm IDEA: XBRL DOCUMENT v3.23.3
NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended 6 Months Ended
Apr. 16, 2021
Aug. 31, 2023
Business Acquisition | Commercial Contract    
Purchace price $ 4,200,000  
Description In connection with the acquisition, the Company obtained mortgage financing from Bank of America, N.A. (the “Bank”) in the amount of $2,940,000 to fund that portion of the total purchase price, and entered into the Master Credit Agreement, a Note, a Mortgage, Assignment of Rents, Security Agreement and Fixture Filing and Financial Covenant Agreement (the “FCA”)  
Interest rate 3.80%  
Maturity April 15, 2031  
Monthly installment $ 17,593  
Financial Covenant Agreement    
Agreement description   under the terms of the FCA, the Company has agreed to maintain a fixed charge coverage ratio of at least 1.15:1.0, calculated at the end of each fiscal year, using the results of the twelve-month period ending with that reporting period, and has agreed to maintain on a consolidated basis a minimum of no less than $1,000,000 of unrestricted, unencumbered liquid assets