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PROPERTY AND EQUIPMENT
 3 Months Ended
Feb. 28, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
9. PROPERTY AND EQUIPMENT
   
  Property and equipment are recorded at cost and reflected net of accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, primarily three to seven years for computer hardware and software, furniture and fixtures, and machinery and equipment. Leasehold improvements are amortized over the lesser of the useful lives of three to seven years or lease terms. The following table summarizes cost and accumulated depreciation as of February 28, 2021 and November 30, 2020, respectively (in thousands).

 

   February 28,
2021		   November 30,
2020		 
Computer equipment and software  $226   $204 
Furniture and fixtures   105    105 
Leasehold improvements   145    144 
Molds   1,190    1,324 
    1,666    1,777 
Less: accumulated depreciation   622    557 
 Total  $1,044   $1,220 

 

The Company recognized approximately $0.1 million and $0.02 million in depreciation expense during the three months ended February 28, 2021 and February 29, 2020, respectively.

 

At February 28, 2021 and November 30, 2020, the Company had deposits of $0.6 million, with vendors primarily for supply of molds and equipment where the vendors have not completed the supply of these assets.

 

During the three months ended February 28, 2021, the Company transferred equipment with a net book value of $0.1 million to a lessee under a sales-type lease.