Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
3 Months Ended
Feb. 29, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
February 29,
2016
 
November 30,
2015
Furniture and equipment
 
476,035

 
459,786

Tools, dies and masters
 
462,542

 
462,542

Capitalized lease obligations
 
15,286

 
15,286

Leasehold improvements
 
35,017

 
35,017

 
 
$
988,880

 
$
972,631

Less: Accumulated depreciation
 
787,541

 
767,597

Property and Equipment—Net
 
$
201,339

 
$
205,034


Depreciation expense for the three months ended February 29, 2016 and February 28, 2015 amounted to $19,945 and $57,305, respectively.