Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.6.0.2
Property and Equipment
12 Months Ended
Nov. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 10 - PROPERTY AND EQUIPMENT.

The major classes of property and equipment are as follows:

 

     2016      2015  

Furniture and equipment

   $ 4,987,623      $ 4,689,763  

Leasehold improvements

     1,169,232        1,169,232  

Computer software – internal use

     1,194,039        1,154,027  
  

 

 

    

 

 

 
     7,350,894        7,013,022  

Less: Accumulated Depreciation

     (6,371,431      (6,133,952
  

 

 

    

 

 

 

Total Property and Equipment

   $ 979,463      $ 879,070  
  

 

 

    

 

 

 

 

Depreciation expense was approximately $243,000 in fiscal 2016 and approximately $218,000 in fiscal 2015 of which approximately $132,000 and $149,000 is included in cost of sales, respectively, in the accompanying consolidated statements of comprehensive (loss) income.