Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Feb. 29, 2012

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 -

PROPERTY AND EQUIPMENT

The components of property and equipment consisted of the following:


	February 29,		November 30,
	2012		2011
Machinery and equipment	$	290,850	$	278,866
Furniture and equipment		1,001,764		991,252
Tools, dies, and masters		422,106		419,806
Transportation equipment		27,538		27,538
Capitalized lease obligations Web Site		263,067 20,000		263,067 20,000
Leasehold improvements		482,134		466,934

		2,507,459		2,467,463

Less: Accumulated depreciation		1,998,125		1,941,363

Property and Equipment – Net	$	509,334	$	526,100

Depreciation expense for the three months ended February 29, 2012 and February 28, 2011 amounted to $56,762 and $52,162, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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