Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
12 Months Ended
Nov. 30, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT.

The major classes of property and equipment are as follows:

 

     2014      2013  

Furniture and equipment

   $ 4,692,477       $ 4,819,927   

Leasehold improvements

     1,156,110         1,156,110   

Computer software - internal use

     1,024,105         799,041   
  

 

 

    

 

 

 
  6,872,692      6,775,078   

Less: Accumulated Depreciation

  (5,919,277   (5,567,799
  

 

 

    

 

 

 

Total Property and Equipment

$ 953,415    $ 1,207,279   
  

 

 

    

 

 

 

Depreciation expense was approximately $375,000 in fiscal 2014 and approximately $379,000 in fiscal 2013 of which approximately $206,000 and $206,000 is included in cost of sales, respectively, in the accompanying consolidated statements of operations.