Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 9 Months Ended
Aug. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
August 31,
2017
 
November 30,
2016
Furniture and equipment
 
$
571,127

 
$
559,971

Tools, dies and masters
 
498,000

 
469,652

Capitalized lease obligations
 
15,287

 
15,286

Leasehold improvements
 
35,017

 
35,017

 
 
$
1,119,431

 
$
1,079,926

Less: Accumulated depreciation
 
911,023

 
844,723

Property and Equipment—Net
 
$
208,408

 
$
235,203


Depreciation expense for the three months ended August 31, 2017 and August 31, 2016 amounted to $20,738 and $20,846, respectively. Depreciation expense for the nine months ended August 31, 2017 and August 31, 2016 amounted to $66,301 and $59,765 , respectively.