Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
 12 Months Ended
Nov. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 10 - PROPERTY AND EQUIPMENT.

The major classes of property and equipment are as follows:

 

     2015      2014  

Furniture and equipment

    $ 4,689,763       $ 4,692,477   

Leasehold improvements

      1,169,232         1,156,110   

Computer software – internal use

      1,154,027         1,024,105   
  

 

 

     

 

 

  
     7,013,022         6,872,692   

Less: Accumulated Depreciation

      (6,133,952 )       (5,919,277 ) 
  

 

 

     

 

 

  

Total Property and Equipment

    $ 879,070       $ 953,415   
  

 

 

     

 

 

  

 

Depreciation expense was approximately $218,000 in fiscal 2015 and approximately $375,000 in fiscal 2014 of which approximately $149,000 and $206,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive income.