| PROPERTY AND EQUIPMENT [Text Block] |
| 3. |
PROPERTY AND EQUIPMENT
|
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:
| |
Computer Equipment and Software |
30% |
declining balance method |
| |
Furniture and Fixtures |
30% |
declining balance method |
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Leasehold Improvements |
|
straight line over period of lease |
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Moulds |
20% |
straight line over 5 years |
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|
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May 31, 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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$
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|
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Computer equipment and software |
|
80,091 |
|
|
50,978 |
|
|
77,382 |
|
|
46,837 |
|
| |
Furniture and fixtures |
|
22,722 |
|
|
19,098 |
|
|
20,998 |
|
|
18,763 |
|
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Leasehold improvements |
|
26,471 |
|
|
26,471 |
|
|
26,471 |
|
|
26,471 |
|
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Moulds |
|
438,122 |
|
|
223,455 |
|
|
291,599 |
|
|
210,961 |
|
| |
|
|
567,406 |
|
|
320,002 |
|
|
416,450 |
|
|
303,032 |
|
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|
|
|
|
|
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|
|
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Net carrying amount |
|
|
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$ |
247,404 |
|
|
|
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$ |
113,418 |
|
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|
|
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|
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Depreciation expense for six- month |
$ |
17,021 |
|
|
(May 31, |
|
$ |
6,759 |
|
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(May 31, |
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period |
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2019 |
) |
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|
2018 |
) |
As of May 31, 2019, the Company has deposits of $227,781 (November 30, 2018-$205,664) with vendors primarily for supply of moulds and equipment. As of May 31, 2019, the vendors had not completed the supply of these moulds and equipment.
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