Art's-Way Manufacturing (ARTW) 10-Q 4 Apr 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Feb. 28, 2017	Mar. 17, 2017
Document Information [Line Items]
Entity Registrant Name	ARTS WAY MANUFACTURING CO INC
Entity Central Index Key	7,623
Trading Symbol	artw
Current Fiscal Year End Date	--11-30
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		4,156,752
Document Type	10-Q
Document Period End Date	Feb. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Current assets:
Cash	$ 750,779	$ 1,063,716
Accounts receivable-customers, net of allowance for doubtful accounts of $17,145 and $22,746 in 2017 and 2016, respectively	1,458,539	1,420,051
Inventories, net	13,233,377	13,529,352
Deferred income taxes		1,066,740
Cost and profit in excess of billings	119,662	108,349
Income taxes receivable	271,461	265,924
Assets of discontinued operations	7,500	9,700
Other current assets	414,070	158,087
Total current assets	16,255,388	17,621,919
Property, plant, and equipment, net	7,398,748	7,387,187
Assets held for sale, net	70,000	70,000
Goodwill	375,000	375,000
Other assets of discontinued operations	1,716,565	1,745,528
Deferred income taxes	436,255
Other assets	40,620	42,956
Total assets	26,292,576	27,242,590
Current liabilities:
Line of credit	3,034,114	3,284,114
Current portion of long-term debt	2,673,128	1,807,937
Accounts payable	550,115	469,481
Customer deposits	792,897	289,195
Billings in Excess of Cost and Profit	75,032	4,297
Accrued expenses	852,407	1,019,056
Liabilites of discontinued operations	717,235	182,426
Total current liabilities	8,694,928	7,056,506
Long-term liabilities
Deferred taxes		737,519
Long-term liabilities of discontinued operations		585,168
Long-term debt, excluding current portion	339,808	1,387,118
Total liabilities	9,034,736	9,766,311
Commitments and Contingencies (Notes 7 and 8)
Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2017 and 2016; issued 0 shares in 2017 and 2016.
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2017 and 2016; issued 4,156,752 in 2017 and 4,109,052 in 2016	41,568	41,091
Additional paid-in capital	2,772,589	2,746,509
Retained earnings	14,740,882	14,990,911
Accumulated other comprehensive income	(291,210)	(302,232)
Treasury stock, at cost (1,838 in 2017 and 0 in 2016 shares)	(5,989)
Total stockholders’ equity	17,257,840	17,476,279
Total liabilities and stockholders’ equity	$ 26,292,576	$ 27,242,590

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Allowance for doubtful accounts	$ 17,145	$ 22,746
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	500,000	500,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	9,500,000	9,500,000
Common stock, issued (in shares)	4,156,752	4,109,052
Common stock, outstanding (in shares)	4,156,752	4,109,052
Treasury stock (in shares)	1,838	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Sales	$ 4,421,168	$ 5,712,681
Cost of goods sold	3,307,345	4,084,798
Gross profit	1,113,823	1,627,883
Expenses:
Engineering	132,640	99,416
Selling	485,380	464,913
General and administrative	848,236	842,586
Total expenses	1,466,256	1,406,915
Income (Loss) from operations	(352,433)	220,968
Other income (expense):
Interest expense	(63,794)	(67,839)
Other	51,674	42,187
Total other income (expense)	(12,120)	(25,652)
Income (Loss) from continuing operations before income taxes	(364,553)	195,316
Income tax expense (benefit)	(110,911)	61,767
Income (Loss) from continuing operations	(253,642)	133,549
Discontinued Operations
Income (loss) from operations of discontinued segment	4,877	(75,124)
Income tax expense (benefit)	1,264	(22,537)
Income (Loss) on discontinued operations	3,613	(52,587)
Net Income (Loss)	$ (250,029)	$ 80,962
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.06)	$ 0.03
Discontinued Operations (in dollars per share)	0	(0.01)
Net Income (Loss) per share (in dollars per share)	(0.06)	0.02
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.06)	0.03
Discontinued Operations (in dollars per share)	0	(0.01)
Net Income (Loss) per share (in dollars per share)	$ (0.06)	$ 0.02
Weighted average outstanding shares used to compute basic net income per share (in shares)	4,126,012	4,074,338
Weighted average outstanding shares used to compute diluted net income per share (in shares)	4,126,012	4,074,338

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Net Income (Loss)	$ (250,029)	$ 80,962
Other Comprehensive Income (Loss)
Foreign currency translation adjustsments	11,022
Total Other Comprehensive Income (Loss)	11,022
Comprehensive (Loss)	$ (239,007)	$ 80,962

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Cash flows from operations:
Net income (loss) from continuing operations	$ (253,642)	$ 133,549
Net income (loss) from discontinued operations	3,613	(52,587)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Stock based compensation	26,557	11,252
(Gain)/Loss on disposal of property, plant, and equipment	2,463	(40,067)
Depreciation and amortization expense	170,789	173,303
Bad debt expense	5,601	17,046
Deferred income taxes	(107,034)	1,263
Changes in assets and liabilities:
Accounts receivable	(44,089)	(585,088)
Inventories	295,975	862,920
Income taxes receivable	(5,537)	35,778
Other assets	(255,629)	(198,801)
Accounts payable	80,634	53,272
Contracts in progress, net	59,422	87,430
Customer deposits	503,702	239,094
Accrued expenses	(166,649)	(212,033)
Net cash provided by operating activities - continuing operations	312,563	578,918
Net cash provided by (used in) operating activities - discontinued operations	(22,039)	40,620
Net cash provided by operating activities	290,524	619,538
Cash flows from investing activities:
Purchases of property, plant, and equipment	(195,020)	(26,257)
Net proceeds from sale of assets	12,190	1,170,642
Net cash provided by (used in) investing activities - continuing operations	(182,830)	1,144,385
Net cash provided by (used in) investing activities - discontinued operations	38,736	(8,437)
Net cash provided by (used in) investing activities	(144,094)	1,135,948
Cash flows from financing activities:
Net change in line of credit	250,000	169,481
Repayment of term debt	(182,119)	(1,372,767)
Repurchases of common stock	(5,989)
Net cash (used in) financing activities - continuing operations	(438,108)	(1,542,248)
Net cash (used in) financing activities - discontinued operations	(32,281)	(31,313)
Net cash (used in) financing activities	(470,389)	(1,573,561)
Effect of exchange rate changes on cash	11,022
Net increase (decrease) in cash	(312,937)	181,925
Cash at beginning of period	1,063,716	447,334
Cash at end of period	750,779	629,259
Supplemental disclosures of cash flow information:
Interest	71,338	79,357
Income taxes	$ 3,125

Note 1 - Description of the Com

Note 1 - Description of the Company	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	1) Description of the Company Unless otherwise specified, as used in this Quarterly Report on Form 10 We began operations as a farm equipment manufacturer in 1956. We have organized our business into three third 2016, 3 13

Note 2 - Summary of Significant

Note 2 - Summary of Significant Account Policies	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2) Summary of Significant Account Policies Statement Presentation The foregoing condensed consolidated financial statements of the Company are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. The financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10 November 30, 2016. three February 28, 2017 November 30, 2017. The financial books of our Canadian operation are kept in the functional currency of Canadian dollars and the financial statements are converted to U.S. Dollars for consolidation. When consolidating the financial results of the Company into U.S. Dollars for reporting purposes, the Company uses the All-Current translation method. The All-Current method requires the balance sheet assets and liabilities to be translated to U.S. Dollars at the exchange rate as of quarter end. Stockholders’ equity is translated at historical exchange rates and retained earnings are translated at an average exchange rate for the period. Additionally, revenue and expenses are translated at average exchange rates for the periods presented. The resulting cumulative translation adjustment is carried on the balance sheet and is recorded in stockholders’ equity for 2017. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 28, 2017. Reclassification Certain amounts in the consolidated financial statements of the Company related to the discontinuation of operations at our Vessels segment have been reclassified to conform to classifications used in the current year. The reclassifications had no effect on previously reported results of operations or retained earnings.

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3) Discontinued Operations Effective October 31, 2016, As Vessels was a unique business unit of the Company, its liquidation was a strategic shift. In accordance with Accounting Standard Code Topic 360, Income from discontinued operations, before income taxes in the accompanying Condensed Consolidated Statements of Operations is comprised of the following: Three Months Ended February 28, 2017 February 29, 2016 Revenue from external customers $ - $ 679,316 Gross Profit - 74,417 Operating Expense 32 146,160 Income (loss) from operations (32 ) (71,743 ) Income (loss) before tax 4,877 (75,124 ) The components of discontinued operations in the accompanying Condensed Consolidated Balance Sheets are as follows: February 28, 2017 November 30, 2016 Accounts Receivable - Net $ 7,500 $ 9,700 Property, plant, and equipment, net 1,716,565 1,745,528 Assets of discontinued operations $ 1,724,065 $ 1,755,228 Accounts payable $ - $ 1,588 Accrued expenses 33,570 50,061 Notes Payable 683,665 715,945 Liabilities of discontinued operations $ 717,235 $ 767,594

Note 4 - Net Income (Loss) Per

Note 4 - Net Income (Loss) Per Share of Common Stock	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	4) Net Income (Loss) Per Share of Common Stock Basic net income (loss) per common share has been computed on the basis of the weighted average number of common shares outstanding. Diluted net income (loss) per share has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming exercise of stock options. Potential shares of common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings (loss) per common share . Basic and diluted earnings (loss) per common share have been computed based on the following as of February 28, 2017 February 29, 2016: For the three months ended February 28, 2017 February 29, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (253,642 ) $ 133,549 Net (loss) income from discontinued operations 3,613 (52,587 ) Net (loss) income $ (250,029 ) $ 80,962 Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,126,012 4,074,338 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,126,012 4,074,338 Earnings (Loss) per share - Basic: Continuing Operations $ (0.06 ) $ 0.03 Discontinued Operations $ 0.00 $ (0.01 ) Net Income (Loss) per share $ (0.06 ) $ 0.02 Earnings (Loss) per share - Diluted: Continuing Operations $ (0.06 ) $ 0.03 Discontinued Operations $ 0.00 $ (0.01 ) Net Income (Loss) per share $ (0.06 ) $ 0.02

Note 5 - Inventory

Note 5 - Inventory	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	5) Inventory Major classes of inventory are: February 28, 2017 November 30, 2016 Raw materials $ 8,532,655 $ 8,568,624 Work in process 440,902 509,198 Finished goods 6,898,083 7,054,736 $ 15,871,640 $ 16,132,558 Less: Reserves (2,638,263 ) (2,603,206 ) $ 13,233,377 $ 13,529,352

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	6) Accrued Expenses Major components of accrued expenses are: February 28, 2017 November 30, 2016 Salaries, wages, and commissions $ 454,506 $ 542,449 Accrued warranty expense 125,672 134,373 Other 272,229 342,234 $ 852,407 $ 1,019,056

Note 7 - Product Warranty

Note 7 - Product Warranty	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	7) Product Warranty The Company offers warranties of various lengths to its customers depending on the specific product and terms of the customer purchase agreement. The average length of the warranty period is one may 6. three February 28, 2017 February 29, 2016 For the three months ended February 28, 2017 February 29, 2016 Balance, beginning $ 134,373 $ 176,531 Settlements / adjustments (72,949 ) (81,292 ) Warranties issued 64,248 76,702 Balance, ending $ 125,672 $ 171,941

Note 8 - Loan and Credit Agreem

Note 8 - Loan and Credit Agreements	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	8) Loan and Credit Agreements The Company maintains a revolving line of credit and term loans with U.S. Bank as well as a term loan with The First National Bank of West Union (n/k/a Bank 1 st July 12, 2016 July 11, 2016 $200,000 , but had not drawn on, was terminated along with the related agreements. The description that follows reflects such arrangements as amended by the Loan Modification. Following the close of the first March 30, 2017 May 1, 2017 April 1, 2017 5 U.S. Bank Revolving Line of Credit The Company has a revolving line of credit (the “Line of Credit”) with U.S. Bank, which, following the Third Loan Modification, has an availability of $4,500,000 , that was obtained on May 1, 2013, February 28, 2017, $3,034,114 $1,699,433 May 1, 2017. September 25, 2017. 75% 20% 50% $3,375,000 , and any reserves that U.S. Bank may May 1, 2013, May 1, 2013, The Line of Credit is subject to: (i) a minimum interest rate of 5.0% 0.25% February 28, 2017, 5.0%. U.S. Bank Term Loans On May 10, 2012, $880,000 May 10, 2017, $283,500 May 10, 2017. 3.15% . Following the Third Loan Modification the maturity date is September 25, 2017, 1.5% 5%. $304,655 February 28, 2017. May 10, 2012, May 1, 2013 May 1, 2013. May 1, 2013, mortgage were amended to extend the mortgage to secure the 2013 Three of the Company’s outstanding term loans were obtained from U.S. Bank on May 1, 2013. $2,018,184 February 28, 2017, 2.98% “2013 2013 1.5% 5% fourth May 1, 2013, February 10, 2016. $1,078,196 $46,672 2013 September 25, 2017. 2013 May 1, 2018. The Company obtained a term loan from U.S. Bank on May 29, 2014 $1,000,000 “2014 2014 $894,497 February 28, 2017 2.98%. 2014 1.5% 5% 2014 purchase of the building and property of Ohio Metal Working Products Company in Canton, Ohio. The maturity date of the 2014 May 25, 2017, September 25, 2017, May 29, 2014, U.S. Bank Covenants As of February 28, 2017, may 120 5 As amended by the Loan Modification, the Line of Credit, the 2013 2014 1.15 1.0 August 31, 2016, November 30, 2016 February 28, 2017), February 28, 2017 1.0 1.0, $360,000 August 31, 2016, $390,000 September 30, 2016, $395,000 October 31, 2016, $400,000 November 30, 2016, August 31, 2016 $750,000 2013 2014 13 $1 May 31, 2017 $648,000 August 31, 2017, April 30, 2017 $500,000 2013 2014 5 The 2013 2014 first May 1, 2013 May 29, 2014 If the Company or its subsidiaries (as guarantors pursuant to continuing guaranties) commits an event of default with respect to the U.S. Bank UHC Loan, 2013 2014 5.0% may may The Company was in compliance with all covenants under the Line of Credit, the 2013 2014 February 28, 2017, 1.0 1.0. February 28, 2017 May 31, 2017. 5 Iowa Finance Authority Term Loan and Covenants On May 1, 2010, $1,300,000, 3.5% June 1, 2020. February 1, 2013, 2.75% This loan from the Iowa Finance Authority, which has been assigned to The First National Bank of West Union (n/k/a Bank 1 st May 28, 2010 February 1, 2013 May 1, 2010 February 1, 2013 1.5 1.0, November 30 May 1, 2010 If the Company commits an event of default under the IFA Loan Agreement or the West Union Mortgage and does not cure the event of default within the time specified by the IFA Loan Agreement, the lender may The Company was in compliance with all covenants under the IFA Loan Agreement except the debt service coverage ratio as measured on November 30, 2016. November 30, 2017. Debt Summary A summary of the Company’s term debt is as follows: February 28, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $9,600 plus interest at 5.00%, due September 25, 2017 $ 603,867 $ 632,126 U.S. Bank loan payable in monthly installments of $10,965 plus interest at 5.0%, due September 25, 2017 683,665 715,945 U.S. Bank loan payable in monthly installments of $26,107 plus interest at 5.0%, due September 25, 2017 730,652 808,096 U.S. Bank loan payable in monthly installments of $10,960 plus interest at 5.0%, due September 25, 2017 304,655 337,147 U.S. Bank loan payable in monthly installments of $4,301 plus interest at 5.0%, due September 25, 2017 894,947 904,751 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 478,815 512,935 Total term debt $ 3,696,601 $ 3,911,000 Less current portion of term debt 2,673,128 1,807,937 Term debt of discontinued operations 683,665 715,945 Term debt, excluding current portion $ 339,808 $ 1,387,118 * Terms are updated according to the Third Loan Modification

Note 9 - Assets Available for S

Note 9 - Assets Available for Sale	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	9) Assets Available for Sale Major components of assets available for sale (excluding assets of discontinued operations as discussed in Note 3 February 28, 2017 November 30, 2016 Ames, Iowa powder coat paint system $ 70,000 $ 70,000 $ 70,000 $ 70,000 Due to reduced demand for our reels produced by the Universal Harvester by Art’s Way subsidiary, we have been able to absorb the production of reels into our Armstrong, Iowa facility. We continue to hold our powder coat system previously used in our Ames, Iowa location as available for sale. During fiscal 2016, $44,858

Note 10 - Recently Issued Accou

Note 10 - Recently Issued Accounting Pronouncements	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	10) Recently Issued Accounting Pronouncements Adopted Accounting Pronouncements Going Concern In August 2014, 2014 15, 205 40, Going Concern one 2014 15 December 15, 2016. November 30, 2017, Inventory In July 2015, 2015 11, 330),” first 2015 11 December 15, 2016, November 30, 2017 , including interim periods within that reporting period. The Company chose early adoption for this guidance, as its impact was expected not to be material, and it will allow us to focus more of our efforts on preparing The Company chose early adoption for this guidance, as its impact was expected not to be material, and it will allow us to focus more of our efforts on preparing for the adoption of more complex guidance. for the adoption of more complex guidance. Its adoption has not had a material impact on the Company’s consolidated financial statements. Income Taxes In November 2015, 2015 17, 740)”, 2015 17 December 15, 2017 December 15, 2018. first 2017, 2015 17, The adoption of this guidance had no impact on the Company’s consolidated statements of operations and comprehensive income. Accounting Pronouncements Not Yet Adopted Revenue from Contracts with Customers In May 2014, 2014 09, 605)” 2014 09 December 15, 2017, , and is to be applied retrospectively, with early application not permitted. The Company is evaluating the new standard, and at this time believes that its Scientific segment will be impacted most significantly by this standard. The Company continues to research and assess the implications of the adoption of this standard on our consolidated financial statements. Leases In February 2016, 2016 02, 842)”, twelve December 15, 2018, November 30, 2020

Note 11 - Equity Incentive Plan

Note 11 - Equity Incentive Plan and Stock Based Compensation	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11) Equity Incentive Plan and Stock Based Compensation On January 27, 2011, 2011 “2011 2011 April 28, 2011. 2011 The 2011 1,000 first three 2017, 47,700 three Stock options granted prior to January 27, 2011 Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the relevant vesting period. We estimate the fair value of each stock-based option award on the measurement date using the Black-Scholes option valuation model which incorporates assumptions as to stock price volatility, the expected life of the options, risk-free interest rate, and dividend yield. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical option exercise and termination data to estimate the expected term the options are expected to be outstanding. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is calculated using historical dividend amounts and the stock price at the option issuance date. No stock options were granted during the three February 28, 2017 2016. $26,557 three February 28, 2017, $11,252 2016.

Note 12 - Disclosures About the

Note 12 - Disclosures About the Fair Value of Financial Instruments	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	12) Disclosures About the Fair Value of Financial Instruments The fair value of a financial instrument is defined as the amount at which the instrument could be exchanged in a current transaction between willing parties. At February 28, 2017, November 30, 2016,

Note 13 - Segment Information

Note 13 - Segment Information	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13) Segment Information There are three The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses. Approximate financial information with respect to the reportable segments is as follows. The tables below exclude income and balance sheet data from discontinued operations. See Note 3 Three Months Ended February 28, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,368,000 $ 388,000 $ 665,000 $ 4,421,000 Income (loss) from operations (220,000 ) (154,000 ) 21,000 $ (352,000 ) Income (loss) before tax (217,000 ) (158,000 ) 11,000 $ (365,000 ) Total Assets 19,063,000 2,849,000 2,657,000 $ 24,569,000 Capital Expenditures 129,000 - 66,000 $ 195,000 Depreciation & Amortization 125,000 15,000 31,000 $ 171,000 Three Months Ended February 29, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 4,198,000 $ 943,000 $ 572,000 $ 5,713,000 Income (loss) from operations 248,000 9,000 (36,000 ) $ 221,000 Income (loss) before tax 233,000 7,000 (44,000 ) $ 195,000 Total Assets 21,844,000 2,838,000 2,736,000 $ 27,418,000 Capital Expenditures 4,000 - 23,000 $ 26,000 Depreciation & Amortization 128,000 15,000 30,000 $ 173,000 *Segment figures in the table may

Note 14 - Subsequent Event

Note 14 - Subsequent Event	3 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	14) Subsequent Event Management evaluated all other activity of the Company and concluded that no subsequent events have occurred that would require recognition in the condensed consolidated financial statements other than those previously described in Note 8 Part II, Item 5 .

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Statement Presentation The foregoing condensed consolidated financial statements of the Company are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. The financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10 November 30, 2016. three February 28, 2017 November 30, 2017. The financial books of our Canadian operation are kept in the functional currency of Canadian dollars and the financial statements are converted to U.S. Dollars for consolidation. When consolidating the financial results of the Company into U.S. Dollars for reporting purposes, the Company uses the All-Current translation method. The All-Current method requires the balance sheet assets and liabilities to be translated to U.S. Dollars at the exchange rate as of quarter end. Stockholders’ equity is translated at historical exchange rates and retained earnings are translated at an average exchange rate for the period. Additionally, revenue and expenses are translated at average exchange rates for the periods presented. The resulting cumulative translation adjustment is carried on the balance sheet and is recorded in stockholders’ equity for 2017.
Use of Estimates, Policy [Policy Text Block]	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 28, 2017.
Reclassification, Policy [Policy Text Block]	Reclassification Certain amounts in the consolidated financial statements of the Company related to the discontinuation of operations at our Vessels segment have been reclassified to conform to classifications used in the current year. The reclassifications had no effect on previously reported results of operations or retained earnings.

Note 3 - Discontinued Operati22

Note 3 - Discontinued Operations (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]	Three Months Ended February 28, 2017 February 29, 2016 Revenue from external customers $ - $ 679,316 Gross Profit - 74,417 Operating Expense 32 146,160 Income (loss) from operations (32 ) (71,743 ) Income (loss) before tax 4,877 (75,124 )
Disposal Groups, Including Discontinued Operations [Table Text Block]	February 28, 2017 November 30, 2016 Accounts Receivable - Net $ 7,500 $ 9,700 Property, plant, and equipment, net 1,716,565 1,745,528 Assets of discontinued operations $ 1,724,065 $ 1,755,228 Accounts payable $ - $ 1,588 Accrued expenses 33,570 50,061 Notes Payable 683,665 715,945 Liabilities of discontinued operations $ 717,235 $ 767,594

Note 4 - Net Income (Loss) Pe23

Note 4 - Net Income (Loss) Per Share of Common Stock (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended February 28, 2017 February 29, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (253,642 ) $ 133,549 Net (loss) income from discontinued operations 3,613 (52,587 ) Net (loss) income $ (250,029 ) $ 80,962 Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,126,012 4,074,338 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,126,012 4,074,338 Earnings (Loss) per share - Basic: Continuing Operations $ (0.06 ) $ 0.03 Discontinued Operations $ 0.00 $ (0.01 ) Net Income (Loss) per share $ (0.06 ) $ 0.02 Earnings (Loss) per share - Diluted: Continuing Operations $ (0.06 ) $ 0.03 Discontinued Operations $ 0.00 $ (0.01 ) Net Income (Loss) per share $ (0.06 ) $ 0.02

Note 5 - Inventory (Tables)

Note 5 - Inventory (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	February 28, 2017 November 30, 2016 Raw materials $ 8,532,655 $ 8,568,624 Work in process 440,902 509,198 Finished goods 6,898,083 7,054,736 $ 15,871,640 $ 16,132,558 Less: Reserves (2,638,263 ) (2,603,206 ) $ 13,233,377 $ 13,529,352

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	February 28, 2017 November 30, 2016 Salaries, wages, and commissions $ 454,506 $ 542,449 Accrued warranty expense 125,672 134,373 Other 272,229 342,234 $ 852,407 $ 1,019,056

Note 7 - Product Warranty (Tabl

Note 7 - Product Warranty (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the three months ended February 28, 2017 February 29, 2016 Balance, beginning $ 134,373 $ 176,531 Settlements / adjustments (72,949 ) (81,292 ) Warranties issued 64,248 76,702 Balance, ending $ 125,672 $ 171,941

Note 8 - Loan and Credit Agre27

Note 8 - Loan and Credit Agreements (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Debt [Table Text Block]	February 28, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $9,600 plus interest at 5.00%, due September 25, 2017 $ 603,867 $ 632,126 U.S. Bank loan payable in monthly installments of $10,965 plus interest at 5.0%, due September 25, 2017 683,665 715,945 U.S. Bank loan payable in monthly installments of $26,107 plus interest at 5.0%, due September 25, 2017 730,652 808,096 U.S. Bank loan payable in monthly installments of $10,960 plus interest at 5.0%, due September 25, 2017 304,655 337,147 U.S. Bank loan payable in monthly installments of $4,301 plus interest at 5.0%, due September 25, 2017 894,947 904,751 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 478,815 512,935 Total term debt $ 3,696,601 $ 3,911,000 Less current portion of term debt 2,673,128 1,807,937 Term debt of discontinued operations 683,665 715,945 Term debt, excluding current portion $ 339,808 $ 1,387,118

Note 9 - Assets Available for28

Note 9 - Assets Available for Sale (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	February 28, 2017 November 30, 2016 Ames, Iowa powder coat paint system $ 70,000 $ 70,000 $ 70,000 $ 70,000

Note 13 - Segment Information (

Note 13 - Segment Information (Tables)	3 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended February 28, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,368,000 $ 388,000 $ 665,000 $ 4,421,000 Income (loss) from operations (220,000 ) (154,000 ) 21,000 $ (352,000 ) Income (loss) before tax (217,000 ) (158,000 ) 11,000 $ (365,000 ) Total Assets 19,063,000 2,849,000 2,657,000 $ 24,569,000 Capital Expenditures 129,000 - 66,000 $ 195,000 Depreciation & Amortization 125,000 15,000 31,000 $ 171,000 Three Months Ended February 29, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 4,198,000 $ 943,000 $ 572,000 $ 5,713,000 Income (loss) from operations 248,000 9,000 (36,000 ) $ 221,000 Income (loss) before tax 233,000 7,000 (44,000 ) $ 195,000 Total Assets 21,844,000 2,838,000 2,736,000 $ 27,418,000 Capital Expenditures 4,000 - 23,000 $ 26,000 Depreciation & Amortization 128,000 15,000 30,000 $ 173,000

Note 1 - Description of the C30

Note 1 - Description of the Company (Details Textual)	3 Months Ended
	Feb. 28, 2017
Number of Operating Segments	3

Note 3 - Discontinued Operati31

Note 3 - Discontinued Operations - Income from Discontinued Operations before Income Taxes (Details) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Income (loss) from operations of discontinued segment	$ 4,877	$ (75,124)
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Revenue from external customers		679,316
Gross Profit		74,417
Operating Expense	32	146,160
Income (loss) from operations	(32)	(71,743)
Income (loss) from operations of discontinued segment	$ 4,877	$ (75,124)

Note 3 - Discontinued Operati32

Note 3 - Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Notes Payable	$ 683,665	$ 715,945
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Accounts Receivable - Net	7,500	9,700
Property, plant, and equipment, net	1,716,565	1,745,528
Assets of discontinued operations	1,724,065	1,755,228
Accounts payable		1,588
Accrued expenses	33,570	50,061
Notes Payable	683,665	715,945
Liabilities of discontinued operations	$ 717,235	$ 767,594

Note 4 - Net Income (Loss) Pe33

Note 4 - Net Income (Loss) Per Share of Common Stock - Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$ (253,642)	$ 133,549
Net (loss) income from discontinued operations	3,613	(52,587)
Net (loss) income	$ (250,029)	$ 80,962
Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding (in shares)	4,126,012	4,074,338
Effect of dilutive stock options (in shares)
For diluted (loss) earnings per share - weighted average common shares outstanding (in shares)	4,126,012	4,074,338
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.06)	$ 0.03
Discontinued Operations (in dollars per share)	0	(0.01)
Net Income (Loss) per share (in dollars per share)	(0.06)	0.02
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.06)	0.03
Discontinued Operations (in dollars per share)	0	(0.01)
Net Income (Loss) per share (in dollars per share)	$ (0.06)	$ 0.02

Note 5 - Inventory - Major Clas

Note 5 - Inventory - Major Classes of Inventory (Details) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Raw materials	$ 8,532,655	$ 8,568,624
Work in process	440,902	509,198
Finished goods	6,898,083	7,054,736
	15,871,640	16,132,558
Less: Reserves	(2,638,263)	(2,603,206)
	$ 13,233,377	$ 13,529,352

Note 6 - Accrued Expenses - Maj

Note 6 - Accrued Expenses - Major Components Of Accrued Expenses (Details) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Salaries, wages, and commissions	$ 454,506	$ 542,449
Accrued warranty expense	125,672	134,373
Other	272,229	342,234
Total accrued liabilities, current	$ 852,407	$ 1,019,056

Note 7 - Product Warranty (Deta

Note 7 - Product Warranty (Details Textual)	3 Months Ended
	Feb. 28, 2017
Standard Product Warrant Term	1 year

Note 7 - Product Warranty - Cha

Note 7 - Product Warranty - Changes In Product Warranty Liability (Details) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Balance, beginning	$ 134,373	$ 176,531
Settlements / adjustments	(72,949)	(81,292)
Warranties issued	64,248	76,702
Balance, ending	$ 125,672	$ 171,941

Note 8 - Loan and Credit Agre38

Note 8 - Loan and Credit Agreements (Details Textual)	Feb. 28, 2017USD ($)	Jul. 11, 2016USD ($)	Feb. 10, 2016USD ($)	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Nov. 30, 2016USD ($)	Aug. 31, 2017USD ($)	May 31, 2017USD ($)	Apr. 30, 2017USD ($)	Oct. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Aug. 31, 2016	May 29, 2014USD ($)	May 01, 2013USD ($)	Feb. 01, 2013	May 10, 2012USD ($)	May 01, 2010USD ($)
Long-term Debt	$ 3,696,601			$ 3,696,601		$ 3,911,000
Repayments of Long-term Debt				$ 182,119	$ 1,372,767
Iowa Finance Authority Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.75%			2.75%		2.75%
Long-term Debt	$ 478,815			$ 478,815		$ 512,935
Debt Instrument, Periodic Payment				12,500		12,500
US Bank [Member]
Line of Credit Facility, Capacity Available, Terminated		$ 200,000
US Bank [Member] | The Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity														$ 4,500,000
Long-term Line of Credit	3,034,114			3,034,114
Line of Credit Facility, Remaining Borrowing Capacity	$ 1,699,433			$ 1,699,433
Line of Credit Facility Borrowing Capacity Borrowing Base Percentage of Accounts Receivable	75.00%			75.00%
Line of Credit Facility Borrowing Capacity Borrowing Base Minimum Percentage of Aggregate Receivables	20.00%			20.00%
Line of Credit Facility Borrowing Capacity Borrowing Base Percentage of Inventory	50.00%			50.00%
Line of Credit Facility Borrowing Capacity Borrowing Base Maximum Inventory Amount	$ 3,375,000			$ 3,375,000
US Bank [Member] | The Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%			5.00%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.25%
US Bank [Member] | US Bank UHC Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.15%			3.15%
Debt Instrument, Face Amount																$ 880,000
Term Loan Final Payment																$ 283,500
Long-term Debt	$ 304,655			$ 304,655
US Bank [Member] | US Bank UHC Loan [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
US Bank [Member] | US Bank UHC Loan [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%			5.00%
US Bank [Member] | The 2013 Term Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.98%			2.98%
Long-term Debt	$ 2,018,184			$ 2,018,184
Repayments of Long-term Debt			$ 1,078,196
Debt Instrument, Periodic Payment				46,672
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 2,017			$ 2,017
US Bank [Member] | The 2013 Term Notes [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
US Bank [Member] | The 2013 Term Notes [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%			5.00%
US Bank [Member] | The 2014 Term Note [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.98%			2.98%
Debt Instrument, Face Amount													$ 1,000,000
Long-term Debt	$ 894,497			$ 894,497
US Bank [Member] | The 2014 Term Note [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
US Bank [Member] | The 2014 Term Note [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%			5.00%
US Bank [Member] | Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member]
Debt Instrument, Covenant Quarterly Fixed Charge Coverage Ratio	1.15			1.15
Debt Instrument, Covenant EBITDA Amount, Period One	$ 360,000			$ 360,000
Debt Instrument, Covenant EBITDA Amount, Period Two											$ 390,000
Debt Instrument, Covenant EBITDA Amount, Period Three										$ 395,000
Debt Instrument, Covenant EBITDA Amount, Period Four						$ 400,000
Debt Instrument, Covenant Monthly Minimum Liquidity Amount	$ 750,000			$ 750,000
Debt Instrument, Covenant Year-to-Date Fixed Charge Coverage Ratio	1			1
US Bank [Member] | Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | Scenario, Forecast [Member]
Debt Instrument, Requirement, Minimum EBIDTA							$ 648,000	$ 1
Debt Instrument, Requirement, Minimum Liquidity									$ 500,000
US Bank [Member] | US Bank UHC Loan, Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member]
Debt Instrument, Covenant Interest Rate Increase in Event of Default	5.00%			5.00%
Debt Instrument, Covenant Year-to-Date Fixed Charge Coverage Ratio	1			1
The First National Bank of West Union [Member] | Iowa Finance Authority Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage															2.75%		3.50%
Debt Instrument, Face Amount																	$ 1,300,000
Debt Instrument, Covenant Debt Service Coverage Ratio												1.5

Note 8 - Loan and Credit Agre39

Note 8 - Loan and Credit Agreements - Summary Of Term Debt (Details) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Term debt	$ 3,696,601	$ 3,911,000
Less current portion of term debt	2,673,128	1,807,937
Term debt of discontinued operations	683,665	715,945
Term debt, excluding current portion	339,808	1,387,118
US Bank Loan 2 [Member]
Term debt	603,867	632,126
US Bank Loan 3 [Member]
Term debt	683,665	715,945
US Bank Loan 4 [Member]
Term debt	730,652	808,096
US Bank Loan 5 [Member]
Term debt	304,655	337,147
US Bank Loan 6 [Member]
Term debt	894,947	904,751
Iowa Finance Authority Term Loan [Member]
Term debt	$ 478,815	$ 512,935

Note 8 - Loan and Credit Agre40

Note 8 - Loan and Credit Agreements - Summary Of Term Debt (Details) (Parentheticals) - USD ($)	3 Months Ended	12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016
US Bank Loan 2 [Member]
Debt Instrument, Periodic Payment	$ 9,600	$ 9,600
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
US Bank Loan 3 [Member]
Debt Instrument, Periodic Payment	$ 10,965	$ 10,965
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
US Bank Loan 4 [Member]
Debt Instrument, Periodic Payment	$ 26,107	$ 26,107
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
US Bank Loan 5 [Member]
Debt Instrument, Periodic Payment	$ 10,960	$ 10,960
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
US Bank Loan 6 [Member]
Debt Instrument, Periodic Payment	$ 4,301	$ 4,301
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Iowa Finance Authority Term Loan [Member]
Debt Instrument, Periodic Payment	$ 12,500	$ 12,500
Debt Instrument, Interest Rate, Stated Percentage	2.75%	2.75%

Note 9 - Assets Available for41

Note 9 - Assets Available for Sale (Details Textual)	12 Months Ended
	Nov. 30, 2016USD ($)
Ames, Iowa Powder Coat Print System [Member]
Asset Impairment Charges	$ 44,858

Note 9 - Assets Available for42

Note 9 - Assets Available for Sale - Major Components Assets Available for Sale (Details) - USD ($)	Feb. 28, 2017	Nov. 30, 2016
Assets available for sale	$ 70,000	$ 70,000
Ames, Iowa Powder Coat Print System [Member]
Assets available for sale	$ 70,000	$ 70,000

Note 11 - Equity Incentive Pl43

Note 11 - Equity Incentive Plan and Stock Based Compensation (Details Textual) - USD ($)	3 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Aug. 31, 2016
Allocated Share-based Compensation Expense	$ 26,557	$ 11,252
Non-qualified Stock Units to Non-employee Directors Annually or Upon Election [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			1,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	47,700
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

Note 13 - Segment Information44

Note 13 - Segment Information (Details Textual)	3 Months Ended
	Feb. 28, 2017
Number of Reportable Segments	3

Note 13 - Segment Information -

Note 13 - Segment Information - Segment Reporting Information (Details) - USD ($)		3 Months Ended
		Feb. 28, 2017	Feb. 29, 2016	Nov. 30, 2016
Revenue from external customers		$ 4,421,168	$ 5,712,681
Income (loss) from operations		(352,433)	220,968
Total Assets		26,292,576		$ 27,242,590
Capital Expenditures		195,020	26,257
Depreciation & Amortization		170,789	173,303
Operating Segments [Member]
Revenue from external customers	[1]	4,421,000	5,713,000
Income (loss) from operations	[1]	(352,000)	221,000
Income (loss) before tax	[1]	(365,000)	195,000
Total Assets	[1]	24,569,000	27,418,000
Capital Expenditures	[1]	195,000	26,000
Depreciation & Amortization	[1]	171,000	173,000
Operating Segments [Member] | Agricultural Products [Member]
Revenue from external customers	[1]	3,368,000	4,198,000
Income (loss) from operations	[1]	(220,000)	248,000
Income (loss) before tax	[1]	(217,000)	233,000
Total Assets	[1]	19,063,000	21,844,000
Capital Expenditures	[1]	129,000	4,000
Depreciation & Amortization	[1]	125,000	128,000
Operating Segments [Member] | Modular Buildings [Member]
Revenue from external customers	[1]	388,000	943,000
Income (loss) from operations	[1]	(154,000)	9,000
Income (loss) before tax	[1]	(158,000)	7,000
Total Assets	[1]	2,849,000	2,838,000
Capital Expenditures	[1]
Depreciation & Amortization	[1]	15,000	15,000
Operating Segments [Member] | Tools [Member]
Revenue from external customers	[1]	665,000	572,000
Income (loss) from operations	[1]	21,000	(36,000)
Income (loss) before tax	[1]	11,000	(44,000)
Total Assets	[1]	2,657,000	2,736,000
Capital Expenditures	[1]	66,000	23,000
Depreciation & Amortization	[1]	$ 31,000	$ 30,000
[1]	Segment figures in the table may not sum to the consolidated total due to rounding.