Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.4
Property and Equipment
 12 Months Ended
Nov. 30, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 7 - PROPERTY AND EQUIPMENT

The major classes of property and equipment are as follows:

 

 

 

2020

 

 

2019

 

Furniture and equipment

 

$

6,634,360

 

 

$

6,568,205

 

Leasehold improvements

 

 

1,200,934

 

 

 

1,200,934

 

Computer software – internal use

 

 

1,194,039

 

 

 

1,194,039

 

 

 

 

9,029,333

 

 

 

8,963,178

 

Less: Accumulated Depreciation

 

 

(7,388,559

)

 

 

(7,116,711

)

Total Property and Equipment

 

$

1,640,774

 

 

$

1,846,467

 

 

Depreciation expense was approximately $305,000 in fiscal 2020 and approximately $309,000 in fiscal 2019, of which approximately $206,000 and $195,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive income.