Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Aug. 31, 2020
Property And Equipment  
PROPERTY AND EQUIPMENT
23. PROPERTY AND EQUIPMENT
   
  Property and equipment are recorded at cost less accumulated depreciation. The following table summarizes cost and accumulated depreciation as of August 31, 2020 and November 30, 2019, respectively.

 

    August 31,
2020 		    November 30,
2019 		 
Computer equipment and software   $ 153,020     $ 116,348  
Furniture and fixtures     314,492       20,998  
Leasehold improvements     126,874       26,471  
Molds     1,076,308       507,347  
      1,670,694       671,164  
Less: accumulated depreciation     461,966       349,876  
      1,208,728       321,288  
Construction in progress     588,955       —  
Total   $ 1,797,683     $ 321,288  

 

The Company recognized $104,320 and $24,869 in depreciation expense during the nine months ended August 31, 2020 and 2019, respectively. The Company recognized $58,999 and $7,848 in depreciation expense during the three months ended August 31, 2020 and 2019, respectively.

 

At November 31, 2019, the Company deposited $196,921 with vendors primarily for supply of molds and equipment where the vendors have not completed the supply of these assets.