The following table summarizes cost and accumulated depreciation (in thousands):

The Company recognized approximately $1.2 million and $1.0 million in depreciation expense during the years ended November 30, 2024 and 2023, respectively. Depreciation expense is presented in the operating expenses and within cost of goods sold in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss).

At November 30, 2024 and 2023, the Company deposited $2.7 million and $1.2 million, respectively, with vendors primarily for supply of molds and equipment where the vendors have not completed supply of these assets.  The Company placed $0.4 million and less than $0.1 million of molds and equipment deposits and software deposits, respectively, from  November 30, 2023 into service during fiscal year November 30, 2024.  The Company placed $1.2 million and $0.5 million of molds and equipment deposits and software deposits, respectively from  November 30, 2022 into service during fiscal year  November 30, 2023.  The deposits are presented in the Consolidated Balance Sheets as deposits for equipment.