Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
9 Months Ended
Aug. 31, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
August 31,
2014
 
November 30,
2013
Machinery and equipment
 
$
177,624

 
$
156,810

Furniture and equipment
 
769,780

 
771,988

Tools, dies and masters
 
447,312

 
494,166

Transportation equipment
 
44,076

 
44,076

Capitalized lease obligations
 
41,326

 
62,140

Web Site
 
20,000

 
20,000

Leasehold improvements
 
1,095,955

 
1,090,798

 
 
$
2,596,073

 
$
2,639,978

Less: Accumulated depreciation
 
1,311,311

 
1,150,179

Property and Equipment—Net
 
$
1,284,762

 
$
1,489,799


Depreciation expense for the three months ended August 31, 2014 and August 31, 2013 amounted to $78,903 and $77,762, respectively. Depreciation expense for the nine months ended August 31, 2014 and 2013 amounted to $241,705, and $222,852, respectively.