| PROPERTY AND EQUIPMENT [Text Block] |
| 3. |
PROPERTY AND EQUIPMENT
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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:
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| Computer Equipment and software |
30% |
declining balance method |
| Furniture and Fixtures |
30% |
declining balance method |
| Leasehold Improvements |
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straight line over period of lease |
| Moulds |
20% |
straight line over 5 years |
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February 28, 2019
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November 30, 2018 |
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Accumulated |
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Accumulated |
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Cost |
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Amortization |
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Cost |
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Amortization |
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$ |
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$ |
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$ |
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$ |
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Computer equipment and software |
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80,270 |
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49,370 |
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77,382 |
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46,837 |
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Furniture and fixtures |
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20,998 |
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18,930 |
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20,998 |
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18,763 |
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Leasehold Improvements |
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26,471 |
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26,471 |
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26,471 |
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26,471 |
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Moulds |
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386,206 |
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217,470 |
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291,599 |
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210,961 |
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513,945 |
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312,241 |
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416,450 |
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303,032 |
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Net carrying amount |
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$ |
201,704 |
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$ |
113,418 |
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Depreciation expense for three- month period |
$ |
9,178
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(February 28, 2019) |
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$ |
3,353
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(February 28, 2018) |
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As of February 28, 2019, the Company has deposits of $225,124 (November 30, 2018-$205,664) with vendors primarily for supply of moulds and equipment. As of February 28, 2019, the vendors had not completed the supply of these moulds and equipment.
6
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