Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
3 Months Ended
Feb. 28, 2013
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
May 31,
2013
 
November 30,
2012
Machinery and equipment
 
$
156,810

 
$
184,260

Furniture and equipment
 
751,987

 
557,667

Tools, dies and masters
 
469,247

 
448,169

Transportation equipment
 
44,076

 
44,076

Capitalized lease obligations
 
36,100

 
36,100

Web Site
 
20,000

 
20,000

Leasehold improvements
 
1,039,019

 
581,060

 
 
$
2,517,239

 
$
1,871,332

Less: Accumulated depreciation
 
991,521

 
846,431

Property and Equipment—Net
 
$
1,525,718

 
$
1,024,901


Depreciation expense for the three months ended May 31, 2013 and May 31, 2012 amounted to $78,263 and $53,442, respectively. Depreciation expense for the six months ended May 31, 2013 and 2012 amounted to $145,090 and $110,204, respectively.