Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.5.0.2
Property and Equipment
 9 Months Ended
Aug. 31, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
August 31,
2016
 
November 30,
2015
Furniture and equipment
 
$
557,124

 
$
459,786

Tools, dies and masters
 
462,542

 
462,542

Capitalized lease obligations
 
15,286

 
15,286

Leasehold improvements
 
35,017

 
35,017

 
 
$
1,069,969

 
$
972,631

Less: Accumulated depreciation
 
823,030

 
767,597

Property and Equipment—Net
 
$
246,939

 
$
205,034


Depreciation expense for the three months ended August 31, 2016 and August 31, 2015 amounted to $20,846 and $23,745, respectively. Depreciation expense for the nine months ended August 31, 2016 and August 31, 2015 amounted to $59,765 and $128,535 , respectively.