Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Nov. 30, 2013
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT.

The major classes of property and equipment are as follows:

 

     2013     2012  

Furniture and equipment

    $ 4,819,927      $ 4,621,543   

Leasehold improvements

      1,156,110        1,156,110   

Computer software – internal use

      799,041        799,041   
  

 

 

    

 

 

  
     6,775,078        6,576,694   

Less: Accumulated Depreciation

      (5,567,799 )      (5,295,619 ) 
  

 

 

    

 

 

  

Total Property and Equipment

    $ 1,207,279      $ 1,281,075   
  

 

 

    

 

 

  

Depreciation expense was approximately $379,000 in fiscal 2013 and approximately $393,000 in fiscal 2012 of which approximately $206,000 and $210,000 is included in cost of sales, respectively, in the accompanying consolidated statements of operations.