Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
 12 Months Ended
Nov. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment
NOTE 8—PROPERTY AND EQUIPMENT
The major classes of property and equipment are as follows:
 
    
2019
     
2018
  
Furniture and equipment
    $ 6,568,205      $ 5,905,910  
Leasehold improvements
      1,200,934        1,200,934  
Computer software – internal use
      1,194,039        1,194,039  
  
 
 
     
 
 
  
     8,963,178        8,300,883  
Less: Accumulated Depreciation
      (7,116,711 )       (6,807,482 ) 
  
 
 
     
 
 
  
Total Property and Equipment
    $ 1,846,467      $ 1,493,401  
  
 
 
     
 
 
  
Depreciation expense was approximately $309,000 in fiscal 2019 and approximately $241,000 in fiscal 2018 of which approximately $195,000 and $137,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive income (loss).