Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Nov. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 8—PROPERTY AND EQUIPMENT

The major classes of property and equipment are as follows:

 

     2018      2017  

Furniture and equipment

    $ 5,905,910      $ 5,066,605  

Leasehold improvements

      1,200,934        1,188,584  

Computer software – internal use

      1,194,039        1,194,039  
  

 

 

     

 

 

  
     8,300,883        7,449,228  

Less: Accumulated Depreciation

      (6,807,482 )       (6,566,846 ) 
  

 

 

     

 

 

  

Total Property and Equipment

    $ 1,493,401      $ 882,382  
  

 

 

     

 

 

  

Depreciation expense was approximately $241,000 in fiscal 2018 and approximately $230,000 in fiscal 2017 of which approximately $137,000 and $98,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive (loss) income.