Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.0.1
Property and Equipment
 12 Months Ended
Nov. 30, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 7 - PROPERTY AND EQUIPMENT

The major classes of property and equipment are as follows:

 

 

 

2021

 

 

2020

 

Building

 

$

1,510,150

 

 

$

—

 

Furniture and equipment

 

 

6,842,282

 

 

 

6,634,360

 

Leasehold improvements

 

 

1,205,893

 

 

 

1,200,934

 

Computer software – internal use

 

 

1,194,039

 

 

 

1,194,039

 

 

 

 

10,752,364

 

 

 

9,029,333

 

Less: accumulated depreciation

 

 

(7,522,160

)

 

 

(7,388,559

)

Total property and equipment

 

$

3,230,204

 

 

$

1,640,774

 

 

Depreciation expense was approximately $229,000 in fiscal 2021 and approximately $305,000 in fiscal 2020, of which approximately $204,000 and $206,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive income.