| PROPERTY AND EQUIPMENT [Text Block] |
| 3. |
PROPERTY AND EQUIPMENT
|
| |
|
|
Property and equipment are recorded at cost less accumulated depreciation. Depreciation is provided commencing in the month following acquisition using the following annual rate and method:
|
| |
Computer Equipment and Software |
30% |
declining balance method |
| |
Furniture and Fixtures |
30% |
declining balance method |
| |
Leasehold Improvements |
|
straight line over period of lease |
| |
Moulds |
20% |
straight line over 5 years |
| |
|
|
August 31, 2019 |
|
|
November 30, 2018 |
|
| |
|
|
|
|
|
Accumulated |
|
|
|
|
|
Accumulated |
|
| |
|
|
Cost |
|
|
Amortization |
|
|
Cost |
|
|
Amortization |
|
| |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
| |
Computer equipment and software |
|
81,893 |
|
|
51,469 |
|
|
77,382 |
|
|
46,837 |
|
| |
Furniture and fixtures |
|
22,722 |
|
|
20,519 |
|
|
20,998 |
|
|
18,763 |
|
| |
Leasehold improvements |
|
26,471 |
|
|
26,471 |
|
|
26,471 |
|
|
26,471 |
|
| |
Moulds |
|
470,922 |
|
|
229,440 |
|
|
291,599 |
|
|
210,961 |
|
| |
|
|
602,008 |
|
|
327,899 |
|
|
416,450 |
|
|
303,032 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net carrying amount |
|
|
|
$ |
274,109 |
|
|
|
|
$ |
113,418 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Depreciation expense for nine- month period |
$ |
24,869 |
|
|
(August 31, 2019 |
) |
$ |
12,138 |
|
|
(August 31, 2018 |
) |
As of August 31, 2019, the Company has deposits of $227,781 (November 30, 2018 - $205,664) with vendors primarily for supply of moulds and equipment. As of August 31, 2019, the vendors had not completed the supply of these moulds and equipment.
|