Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.6
Property and Equipment
12 Months Ended
Nov. 30, 2011
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 — PROPERTY AND EQUIPMENT

At November 30, 2011 and 2010, property and equipment consisted of the following

 

      September 30,       September 30,  
    2011     2010  
     

Machinery and equipment

  $ 278,866     $ 261,676  

Office furniture and equipment

    991,252       961,378  

Transportation equipment

    27,538       —    

Tools, dies, and masters

    419,806       352,276  

Capitalized lease obligations

Web Site

   

 

263,067

20,000

  

  

   

 

263,067

20,000

  

  

Leasehold improvements

    466,934       428,761  
   

 

 

   

 

 

 
      2,467,463       2,287,158  
     

Less: Accumulated depreciation and amortization

    1,941,363       1,736,469  
   

 

 

   

 

 

 
     

Property and Equipment – Net

  $ 526,100     $ 550,689  
   

 

 

   

 

 

 

Depreciation expense for the years ended November 30, 2011, 2010, and 2009 amounted to $204,894, $227,291 and $246,337, respectively.