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PROPERTY AND EQUIPMENT | 6 Months Ended | 12 Months Ended
--- | --- | ---
May 31, 2021 | Nov. 30, 2020
Property, Plant and Equipment [Abstract] |  |
PROPERTY AND EQUIPMENT |
10. | 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 equipment 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 May 31, 2021 and November 30, 2020, respectively (in thousands).
|  | May 31, 2021 |  |  | November 30, 2020 |
Computer equipment and software |  | $ | 259 |  |  | $ | 204 |
Furniture and fixtures |  |  | 189 |  |  |  | 105 |
Leasehold improvements |  |  | 229 |  |  |  | 144 |
Machinery and equipment |  |  | 1,252 |  |  |  | 1,324 |
|  |  | 1,929 |  |  |  | 1,777 |
Less: accumulated depreciation |  |  | 742 |  |  |  | 557 |
Total |  | $ | 1,187 |  |  | $ | 1,220 |
The Company recognized approximately $0.2 million and $0.01 million in depreciation expense during the six months ended May 31, 2021 and 2020, respectively. The Company recognized approximately $0.1 million and $0.01 million in depreciation expense during the three months ended May 31, 2021 and 2020, respectively. At May 31, 2021 and November 30, 2020, the Company had deposits of $0.7 million and $0.6 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. During the six months ended May 31, 2021, the Company transferred equipment with a net book value of $0.1 million to a lessee under a sales-type lease. See Note 21, “Leases” for additional information. |
9. | PROPERTY AND EQUIPMENT
The following table summarizes cost and accumulated depreciation as of November 30, 2020 and 2019, respectively.
|  | November 30, |
|  | 2020 |  |  | 2019 |
Computer equipment and software |  | $ | 203,829 |  |  | $ | 116,348 |
Furniture and fixtures |  |  | 105,371 |  |  |  | 20,998 |
Leasehold improvements |  |  | 143,503 |  |  |  | 26,471 |
Molds |  |  | 1,324,167 |  |  |  | 507,347 |
|  |  | 1,776,870 |  |  |  | 671,164 |
Less: accumulated depreciation |  |  | 556,662 |  |  |  | 349,876 |
Total |  | $ | 1,220,208 |  |  | $ | 321,288 |
The Company recognized $177,181 and $46,844 in depreciation expense during the years ended November 30, 2020 and 2019, respectively. At November 31, 2020 and 2019, the Company deposited $619,144 and $196,921, respectively, with vendors primarily for supply of molds and equipment where the vendors have not completed supply of these assets.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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