Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
12 Months Ended
Nov. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
The components of property and equipment consisted of the following:
 
 
November 30,
2017
 
November 30,
2016
Furniture and equipment
 
163,062

 
559,971

Tools, dies and masters
 
127,361

 
469,652

Capitalized lease obligations
 
15,286

 
15,286

Leasehold improvements
 

 
35,017

 
 
$
305,709

 
$
1,079,926

Less: Accumulated depreciation
 
164,780

 
844,723

Property and Equipment—Net
 
$
140,929

 
$
235,203


Depreciation expense for the years ended November 30, 2017, 2016 and 2015 amounted to $84,253, $81,457 and $150,862, respectively. Due to the Company's move in December 2017 from its offices in Ridgefield Park, New Jersey to new offices in Lyndhurst, New Jersey, the Company wrote off $64,853 of leasehold improvements, furnishings and computer equipment no longer used in fiscal 2017. The Company wrote off $0 and $860,969, respectively, for the year ended November 30, 2017 and 2016.