Leases

12 Months Ended

Nov. 30, 2015

Notes

Leases

5.                  LEASES

The Company leases its warehouse and office space under a one-year operating lease, which expires on July 1, 2016, from an unrelated third party. The lease required the Company to prepay the total rent of $96,600 (RMB 600,000) in advance for one year.  The Company leases its Chancheng store from an unrelated third party.  The lease expired on August 31, 2015 required the Company to prepay the rent of $44,436 (RMB 276,000) in advance for one year. The Company renewed this lease to August 31, 2016 and prepaid the rent of $57,960 (RMB 360,000) in advance for one year. The Company also leases its Xiamen store from unrelated third party. The lease expires on June 1, 2016 and has a renewal option. The lease required the Company to prepay the rent of $57,960 (RMB 360,000) in advance for one year. Since these leases require the advance payment of the annual rent, there are no minimum payments remaining under these leases.

Rent expense for the years ended November 30, 2015 and 2014 was $181,125 and $44,501, respectively.