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

NOTE 8 – PROPERTY AND EQUIPMENT

The major classes of property and equipment are as follows:

 

     2017      2016  

Furniture and equipment

    $ 5,066,605      $ 4,987,623  

Leasehold improvements

      1,188,584        1,169,232  

Computer software – internal use

      1,194,039        1,194,039  
  

 

 

     

 

 

  
     7,449,228        7,350,894  

Less: Accumulated Depreciation

      (6,566,846 )       (6,371,431 ) 
  

 

 

     

 

 

  

Total Property and Equipment

    $ 882,382      $ 979,463  
  

 

 

     

 

 

  

Depreciation expense was approximately $230,000 in fiscal 2017 and approximately $243,000 in fiscal 2016 of which approximately $98,000 and $132,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive income (loss).