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

The Company recognized approximately $0.4 million and $0.3 million in depreciation and amortization expense during the six months ended May 31, 2023 and 2022, respectively.  The Company recognized approximately $0.2 million and $0.1 million in depreciation and amortization expense during the three months ended May 31, 2023 and 2022, respectively.  Depreciation and amortization expense is presented in the operating expenses and within cost of goods sold in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss.

Management identified certain property and equipment items that are no longer being used in production.  As a result, the Company performed its quarterly fixed asset impairment review during Q2 2023 and recorded an impairment loss for certain machinery and equipment assets that are no longer in use totaling $0.2 million in the other expenses line in the accompanying Condensed Consolidated Statement of Operations and Comprehensive Loss. 

At May 31, 2023 and November 30, 2022, the Company had deposits of $1.9 million and $2.3 million, respectively, with vendors primarily for supply of machinery (molds) and equipment where the vendors have not completed the supply of these assets and is presented as Deposits for equipment in the Condensed Consolidated Balance Sheets.