Annual report pursuant to Section 13 and 15(d)

Note 2 - Operations and Management Plans

v3.25.0.1
Note 2 - Operations and Management Plans
12 Months Ended
Nov. 30, 2024
Notes to Financial Statements  
Operations and Management Plans Disclosure [Text Block]

2.

OPERATIONS AND MANAGEMENT PLANS

 

From inception to November 30, 2024, the Company had incurred a cumulative loss of $56.8 million. The Company has funded operations through the issuance of common stock. The Company generated $85.8 million in revenue and a net income of $12.8 million for the year ended November 30, 2024. Having achieved profitability this year, the Company is optimistic about its ability to sustain operations through its revenue streams. The Company’s future success will depend on its continued ability to generate sufficient revenue to cover operating expenses and to effectively market its products.