Art's-Way Manufacturing (ARTW) 10-Q 14 Jul 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	May 31, 2017	Jul. 13, 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)		4,162,752
Document Type	10-Q
Document Period End Date	May 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	May 31, 2017	Nov. 30, 2016
Current assets:
Cash	$ 212,792	$ 1,063,716
Accounts receivable-customers, net of allowance for doubtful accounts of $17,369 and $22,746 in 2017 and 2016, respectively	1,937,047	1,420,051
Inventories, net	13,955,283	13,529,352
Deferred income taxes		1,066,740
Cost and profit in excess of billings	266,246	108,349
Income taxes receivable	249,419	265,924
Assets of discontinued operations	7,500	9,700
Other current assets	432,782	158,087
Total current assets	17,061,069	17,621,919
Property, plant, and equipment, net	6,187,193	7,387,187
Assets held for lease, net	1,131,101
Assets held for sale, net	70,000	70,000
Goodwill	375,000	375,000
Other assets of discontinued operations	1,716,397	1,745,528
Deferred income taxes	689,685
Other assets	38,309	42,956
Total assets	27,268,754	27,242,590
Current liabilities:
Line of credit	3,734,114	3,284,114
Current portion of long-term debt	2,526,581	1,807,937
Accounts payable	1,393,176	469,481
Customer deposits	642,967	289,195
Billings in Excess of Cost and Profit	196,812	4,297
Accrued expenses	1,008,213	1,019,056
Liabilites of discontinued operations	702,370	182,426
Total current liabilities	10,204,234	7,056,506
Long-term liabilities
Deferred taxes		737,519
Long-term liabilities of discontinued operations		585,168
Long-term debt, excluding current portion	304,393	1,387,118
Total liabilities	10,508,627	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 4,162,752 in 2017 and 4,109,052 in 2016	41,628	41,091
Additional paid-in capital	2,818,931	2,746,509
Retained earnings	14,213,323	14,990,911
Accumulated other comprehensive income	(307,330)	(302,232)
Treasury stock, at cost (1,838 in 2017 and 0 in 2016 shares)	(6,425)
Total stockholders’ equity	16,760,127	17,476,279
Total liabilities and stockholders’ equity	$ 27,268,754	$ 27,242,590

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	May 31, 2017	Nov. 30, 2016
Allowance for doubtful accounts	$ 17,369	$ 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)	4,162,752	4,109,052
Common stock, outstanding (in shares)	4,162,752	4,109,052
Treasury stock (in shares)	1,838	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Sales	$ 4,689,354	$ 5,297,970	$ 9,110,522	$ 11,010,651
Cost of goods sold	3,877,870	3,814,009	7,185,215	7,898,807
Gross profit	811,484	1,483,961	1,925,307	3,111,844
Expenses:
Engineering	132,347	91,725	264,987	191,141
Selling	483,060	431,925	968,441	896,838
General and administrative	917,461	896,746	1,765,695	1,739,327
Total expenses	1,532,868	1,420,396	2,999,123	2,827,306
Income (Loss) from operations	(721,384)	63,565	(1,073,816)	284,538
Other income (expense):
Interest expense	(79,253)	(54,134)	(143,047)	(121,973)
Other	63,245	20,104	114,920	62,297
Total other income (expense)	(16,008)	(34,030)	(28,127)	(59,676)
Income (Loss) from continuing operations before income taxes	(737,392)	29,535	(1,101,943)	224,862
Income tax expense (benefit)	(228,485)	12,610	(339,396)	74,377
Income (Loss) from continuing operations	(508,907)	16,925	(762,547)	150,485
Discontinued Operations
Income (loss) from operations of discontinued segment	(27,665)	(104,994)	(22,789)	(180,119)
Income tax expense (benefit)	(9,012)	(31,498)	(7,748)	(54,035)
Income (Loss) on discontinued operations	(18,653)	(73,496)	(15,041)	(126,084)
Net Income (Loss)	$ (527,560)	$ (56,571)	$ (777,588)	$ 24,401
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.12)	$ 0	$ (0.18)	$ 0.04
Discontinued Operations (in dollars per share)	0	(0.02)	0	(0.03)
Net Income (Loss) per share (in dollars per share)	(0.12)	(0.02)	(0.18)	0.01
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.12)	0	(0.18)	0.04
Discontinued Operations (in dollars per share)	0	(0.02)	0	(0.03)
Net Income (Loss) per share (in dollars per share)	$ (0.12)	$ (0.02)	$ (0.18)	$ 0.01
Weighted average outstanding shares used to compute basic net income per share (in shares)	4,158,969	4,101,810	4,142,672	4,088,073
Weighted average outstanding shares used to compute diluted net income per share (in shares)	4,158,969	4,101,810	4,142,672	4,088,073

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Net Income (Loss)	$ (527,560)	$ (56,571)	$ (777,588)	$ 24,401
Other Comprehensive Income (Loss)
Foreign currency translation adjustsments	(16,120)		(5,098)
Total Other Comprehensive Income (Loss)	(16,120)		(5,098)
Comprehensive (Loss)	$ (543,680)	$ (56,571)	$ (782,686)	$ 24,401

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2017	May 31, 2016
Cash flows from operations:
Net income (loss) from continuing operations	$ (762,547)	$ 150,485
Net (loss) from discontinued operations	(15,041)	(126,084)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Stock based compensation	72,959	39,429
(Gain)/Loss on disposal of property, plant, and equipment	11,945	(43,884)
Depreciation and amortization expense	342,387	352,091
Bad debt expense	(4,952)	2,255
Deferred income taxes	(360,464)	(17,590)
Changes in assets and liabilities:
Accounts receivable	(512,044)	527,180
Inventories	(425,931)	978,582
Income taxes receivable	16,505	34,766
Other assets	(273,758)	(189,811)
Accounts payable	923,695	82,602
Contracts in progress, net	34,618	193,448
Customer deposits	353,772	125,724
Accrued expenses	(10,843)	(205,298)
Net cash provided by operating activities - continuing operations	(594,658)	2,029,979
Net cash provided by (used in) operating activities - discontinued operations	(22,635)	161,453
Net cash provided by operating activities	(617,293)	2,191,432
Cash flows from investing activities:
Purchases of property, plant, and equipment	(293,919)	(61,225)
Net proceeds from sale of assets	12,190	1,170,842
Net cash provided by (used in) investing activities - continuing operations	(281,729)	1,109,617
Net cash provided by (used in) investing activities - discontinued operations	38,736	(8,437)
Net cash provided by (used in) investing activities	(242,993)	1,101,180
Cash flows from financing activities:
Net change in line of credit	(450,000)	1,858,046
Repayment of term debt	(364,080)	(1,551,398)
Repurchases of common stock	(6,425)
Net cash (used in) financing activities - continuing operations	79,495	(3,409,444)
Net cash (used in) financing activities - discontinued operations	(65,035)	(62,996)
Net cash (used in) financing activities	14,460	(3,472,440)
Effect of exchange rate changes on cash	(5,098)
Net increase (decrease) in cash	(850,924)	(179,828)
Cash at beginning of period	1,063,716	447,334
Cash at end of period	212,792	267,506
Supplemental disclosures of cash flow information:
Interest	148,203	140,820
Income taxes		$ 4,514

Note 1 - Description of the Com

Note 1 - Description of the Company	6 Months Ended
	May 31, 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	6 Months Ended
	May 31, 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 six May 31, 2017 not 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 period 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. not no not 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 six May 31, 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

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	6 Months Ended
	May 31, 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 May 31, 2017 May 31, 2016 Revenue from external customers $ - $ 443,119 Gross Profit (23,527 ) 15,976 Operating Expense 219 112,586 Income (loss) from operations (23,746 ) (96,610 ) Income (loss) before tax (27,665 ) (104,994 ) Six Months Ended May 31, 2017 May 31, 2016 Revenue from external customers $ - $ 1,122,435 Gross Profit (23,572 ) 90,393 Operating Expense 252 258,746 Income (loss) from operations (23,824 ) (168,353 ) Income (loss) before tax (22,789 ) (180,119 ) The components of discontinued operations in the accompanying Condensed Consolidated Balance Sheets are as follows: May 31, 2017 November 30, 2016 Accounts Receivable - Net $ 7,500 $ 9,700 Property, plant, and equipment, net 1,716,397 1,745,528 Assets of discontinued operations $ 1,723,897 $ 1,755,228 Accounts payable $ 364 $ 1,588 Accrued expenses 51,095 50,061 Notes Payable 650,911 715,945 Liabilities of discontinued operations $ 702,370 $ 767,594

Note 4 - Net Income (Loss) Per

Note 4 - Net Income (Loss) Per Share of Common Stock	6 Months Ended
	May 31, 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 May 31, 2017 May 31, 2016: For the three months ended May 31, 2017 May 31, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (508,907 ) $ 16,925 Net (loss) income from discontinued operations (18,653 ) (73,496 ) Net (loss) income $ (527,560 ) $ (56,571 ) Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,158,969 4,101,810 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,158,969 4,101,810 Earnings (Loss) per share - Basic: Continuing Operations $ (0.12 ) $ 0.00 Discontinued Operations $ (0.00 ) $ (0.02 ) Net Income (Loss) per share $ (0.12 ) $ (0.02 ) Earnings (Loss) per share - Diluted: Continuing Operations $ (0.12 ) $ 0.00 Discontinued Operations $ (0.00 ) $ (0.02 ) Net Income (Loss) per share $ (0.12 ) $ (0.02 ) For the six months ended May 31, 2017 May 31, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (762,547 ) $ 150,485 Net (loss) income from discontinued operations (15,041 ) (126,084 ) Net (loss) income $ (777,588 ) $ 24,401 Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,142,672 4,088,073 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,142,672 4,088,073 Earnings (Loss) per share - Basic: Continuing Operations $ (0.18 ) $ 0.04 Discontinued Operations $ (0.00 ) $ (0.03 ) Net Income (Loss) per share $ (0.18 ) $ 0.01 Earnings (Loss) per share - Diluted: Continuing Operations $ (0.18 ) $ 0.04 Discontinued Operations $ (0.00 ) $ (0.03 ) Net Income (Loss) per share $ (0.18 ) $ 0.01

Note 5 - Inventory

Note 5 - Inventory	6 Months Ended
	May 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	5 Inventory Major classes of inventory are: May 31, 2017 November 30, 2016 Raw materials $ 9,400,811 $ 8,568,624 Work in process 420,553 509,198 Finished goods 6,645,239 7,054,736 $ 16,466,603 $ 16,132,558 Less: Reserves (2,511,320 ) (2,603,206 ) $ 13,955,283 $ 13,529,352

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	May 31, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	6 Accrued Expenses Major components of accrued expenses are: May 31, 2017 November 30, 2016 Salaries, wages, and commissions $ 584,568 $ 542,449 Accrued warranty expense 152,964 134,373 Other 270,681 342,234 $ 1,008,213 $ 1,019,056

Note 7 - Product Warranty

Note 7 - Product Warranty	6 Months Ended
	May 31, 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 no may no not 6. three six May 31, 2017 May 31, 2016 For the three months ended May 31, 2017 May 31, 2016 Balance, beginning $ 125,672 $ 178,978 Settlements / adjustments (36,186 ) (71,786 ) Warranties issued 63,478 39,356 Balance, ending $ 152,964 $ 146,548 For the six months ended May 31, 2017 May 31, 2016 Balance, beginning $ 134,373 $ 179,531 Settlements / adjustments (109,135 ) (153,078 ) Warranties issued 127,726 120,095 Balance, ending $ 152,964 $ 146,548

Note 8 - Loan and Credit Agreem

Note 8 - Loan and Credit Agreements	6 Months Ended
	May 31, 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 March 30, 2017 ( May 1, 2017 April 1, 2017 U.S. Bank Revolving Line of Credit The Company has a $4,500,000 May 1, 2013, May 31, 2017, $3,734,114 $657,766 September 25, 2017. 75% 20% 50% $3,375,000 not , 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% As of May 31, 2017, 5.0%. U.S. Bank Term Loans On May 10, 2012, $880,000 September 25, 2017, 1.5% not 5%. $271,825 May 31, 2017 . This loan was secured by a mortgage on the building and property acquired from Universal Harvester Co., Inc. in Ames, Iowa, pursuant to a Mortgage, Security Agreement and Assignment of Rents between the Company and U.S. Bank, dated 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. $1,878,549 May 31, 2017, 1.5% 5% “2013 . The interest rate will be adjusted each time that the prime rate changes. There was previously also a fourth May 1, 2013, February 10, 2016. $1,078,196 $46,672 2013 September 25, 2017. The Company obtained a term loan from U.S. Bank on May 29, 2014 $1,000,000 “2014 2014 $887,164 May 31, 2017 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 September 25, 2017. May 29, 2014, U.S. Bank Covenants As of May 31, 2017, not may 120 The Line of Credit, the 2013 2014 $1 May 31, 2017, $648,000 August 31, 2017, not $500,000 2013 2014 13 The 2013 2014 first not 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 may The Company was in compliance with all covenants under the Line of Credit, the 2013 2014 May 31, 2017, $1 . The main reason for the non-compliance result as of May 31, 2017 2013 2014 no August 31, 2017. 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 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: May 31, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $9,600 plus interest at 5.0%, due September 25, 2017 $ 575,192 $ 632,126 U.S. Bank loan payable in monthly installments of $10,965 plus interest at 5.0%, due September 25, 2017 650,911 715,945 U.S. Bank loan payable in monthly installments of $26,107 plus interest at 5.0%, due September 25, 2017 652,446 808,096 U.S. Bank loan payable in monthly installments of $10,960 plus interest at 5.0%, due September 25, 2017 271,825 337,147 U.S. Bank loan payable in monthly installments of $4,301 plus interest at 5.0%, due September 25, 2017 887,164 904,751 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 444,347 512,935 Total term debt $ 3,481,885 $ 3,911,000 Less current portion of term debt 2,526,581 1,807,937 Term debt of discontinued operations 650,911 715,945 Term debt, excluding current portion $ 304,393 $ 1,387,118

Note 9 - Assets Available for S

Note 9 - Assets Available for Sale and Assets Held for Lease	6 Months Ended
	May 31, 2017
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	9 Assets Available for Sale and Assets Held for Lease Major components of assets available for sale (excluding assets of discontinued operations as discussed in Note 3 May 31, 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 We have discontinued all of our production in our West Union facility, and are now leasing the facility to a third $1,131,101 May 31, 2017.

Note 10 - Recently Issued Accou

Note 10 - Recently Issued Accounting Pronouncements	6 Months Ended
	May 31, 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, No. 2014 15, 205 40, Going Concern not one No. 2014 15 December 15, 2016. November 30, 2017, not Inventory In July 2015, 2015 11, 330 first No. 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 not Income Taxes In November 2015, 2015 17, 740 No. 2015 17 December 15, 2017 December 15, 2018. first 2017, 2015 17, not not The adoption of this guidance had no Accounting Pronouncements Not Revenue from Contracts with Customers In May 2014, No. 2014 09, 605 2014 09 December 15, 2017, , and is to be applied retrospectively, with early application not 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	6 Months Ended
	May 31, 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. no 2011 The 2011 1,000 first six 2017, 45,700 three 6,000 April 2017 51,700 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 three six May 31, 2017 2016. $46,402 $72,959 three six May 31, 2017, $28,177 $39,429 2016.

Note 12 - Disclosures About the

Note 12 - Disclosures About the Fair Value of Financial Instruments	6 Months Ended
	May 31, 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 May 31, 2017, November 30, 2016, not

Note 13 - Segment Information

Note 13 - Segment Information	6 Months Ended
	May 31, 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 May 31, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,162,000 $ 888,000 $ 639,000 $ 4,689,000 Income (loss) from operations (657,000 ) (19,000 ) (45,000 ) $ (721,000 ) Income (loss) before tax (647,000 ) (34,000 ) (56,000 ) $ (737,000 ) Total Assets 19,443,000 3,400,000 2,702,000 $ 25,545,000 Capital expenditures 75,000 - 24,000 $ 99,000 Depreciation & Amortization 126,000 14,000 32,000 $ 172,000 Three Months Ended May 31, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,567,000 $ 1,250,000 $ 481,000 $ 5,298,000 Income (loss) from operations (96,000 ) 203,000 (43,000 ) $ 64,000 Income (loss) before tax (118,000 ) 199,000 (51,000 ) $ 30,000 Total Assets 20,415,000 2,626,000 2,648,000 $ 25,689,000 Capital expenditures 25,000 - 10,000 $ 35,000 Depreciation & Amortization 132,000 16,000 31,000 $ 179,000 Six Months Ended May 31, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 6,530,000 $ 1,276,000 $ 1,304,000 $ 9,110,000 Income (loss) from operations (877,000 ) (173,000 ) (25,000 ) $ (1,075,000 ) Income (loss) before tax (865,000 ) (192,000 ) (45,000 ) $ (1,102,000 ) Total Assets 19,442,000 3,400,000 2,702,000 $ 25,545,000 Capital expenditures 204,000 - 90,000 $ 294,000 Depreciation & Amortization 251,000 28,000 63,000 $ 342,000 Six Months Ended May 31, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 7,765,000 $ 2,193,000 $ 1,053,000 $ 11,011,000 Income (loss) from operations 152,000 212,000 (79,000 ) $ 285,000 Income (loss) before tax 115,000 206,000 (95,000 ) $ 226,000 Total Assets 20,415,000 2,626,000 2,648,000 $ 25,689,000 Capital expenditures 29,000 - 33,000 $ 62,000 Depreciation & Amortization 260,000 31,000 61,000 $ 352,000 *Segment figures in the table may not

Note 14 - Going Concern

Note 14 - Going Concern	6 Months Ended
	May 31, 2017
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	14 Going Concern The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. During fiscal 2017, no no 8 not Management is currently implementing several strategies aimed at alleviating our working capital shortages for the duration of the decreased economic cycle. At this time, our Dubuque facility is available for sale. Should we be able to complete a real estate sale in the near future, our bank borrowings would be decreased, and the remainder of the funds could be used to fund working capital for a time. Our facility in West Union is currently held for lease. and if sold, would also provide funds to decrease bank borrowings and fund working capital. The Company is reviewing options to address the liquidity concerns, and is actively working to restructure our debt with longer amortizations and reduced payments, while reducing our working capital needs through expense reductions. Another liquidity improvement strategy being reviewed includes the possibility of raising additional capital. There is no

Note 15 - Subsequent Event

Note 15 - Subsequent Event	6 Months Ended
	May 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	15 Subsequent Event Management evaluated all other activity of the Company and concluded that no

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	May 31, 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 six May 31, 2017 not 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 period 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. not no not
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 six May 31, 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

Note 3 - Discontinued Operati23

Note 3 - Discontinued Operations (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]	Three Months Ended May 31, 2017 May 31, 2016 Revenue from external customers $ - $ 443,119 Gross Profit (23,527 ) 15,976 Operating Expense 219 112,586 Income (loss) from operations (23,746 ) (96,610 ) Income (loss) before tax (27,665 ) (104,994 ) Six Months Ended May 31, 2017 May 31, 2016 Revenue from external customers $ - $ 1,122,435 Gross Profit (23,572 ) 90,393 Operating Expense 252 258,746 Income (loss) from operations (23,824 ) (168,353 ) Income (loss) before tax (22,789 ) (180,119 )
Disposal Groups, Including Discontinued Operations [Table Text Block]	May 31, 2017 November 30, 2016 Accounts Receivable - Net $ 7,500 $ 9,700 Property, plant, and equipment, net 1,716,397 1,745,528 Assets of discontinued operations $ 1,723,897 $ 1,755,228 Accounts payable $ 364 $ 1,588 Accrued expenses 51,095 50,061 Notes Payable 650,911 715,945 Liabilities of discontinued operations $ 702,370 $ 767,594

Note 4 - Net Income (Loss) Pe24

Note 4 - Net Income (Loss) Per Share of Common Stock (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended May 31, 2017 May 31, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (508,907 ) $ 16,925 Net (loss) income from discontinued operations (18,653 ) (73,496 ) Net (loss) income $ (527,560 ) $ (56,571 ) Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,158,969 4,101,810 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,158,969 4,101,810 Earnings (Loss) per share - Basic: Continuing Operations $ (0.12 ) $ 0.00 Discontinued Operations $ (0.00 ) $ (0.02 ) Net Income (Loss) per share $ (0.12 ) $ (0.02 ) Earnings (Loss) per share - Diluted: Continuing Operations $ (0.12 ) $ 0.00 Discontinued Operations $ (0.00 ) $ (0.02 ) Net Income (Loss) per share $ (0.12 ) $ (0.02 ) For the six months ended May 31, 2017 May 31, 2016 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (762,547 ) $ 150,485 Net (loss) income from discontinued operations (15,041 ) (126,084 ) Net (loss) income $ (777,588 ) $ 24,401 Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,142,672 4,088,073 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,142,672 4,088,073 Earnings (Loss) per share - Basic: Continuing Operations $ (0.18 ) $ 0.04 Discontinued Operations $ (0.00 ) $ (0.03 ) Net Income (Loss) per share $ (0.18 ) $ 0.01 Earnings (Loss) per share - Diluted: Continuing Operations $ (0.18 ) $ 0.04 Discontinued Operations $ (0.00 ) $ (0.03 ) Net Income (Loss) per share $ (0.18 ) $ 0.01

Note 5 - Inventory (Tables)

Note 5 - Inventory (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	May 31, 2017 November 30, 2016 Raw materials $ 9,400,811 $ 8,568,624 Work in process 420,553 509,198 Finished goods 6,645,239 7,054,736 $ 16,466,603 $ 16,132,558 Less: Reserves (2,511,320 ) (2,603,206 ) $ 13,955,283 $ 13,529,352

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	May 31, 2017 November 30, 2016 Salaries, wages, and commissions $ 584,568 $ 542,449 Accrued warranty expense 152,964 134,373 Other 270,681 342,234 $ 1,008,213 $ 1,019,056

Note 7 - Product Warranty (Tabl

Note 7 - Product Warranty (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the three months ended May 31, 2017 May 31, 2016 Balance, beginning $ 125,672 $ 178,978 Settlements / adjustments (36,186 ) (71,786 ) Warranties issued 63,478 39,356 Balance, ending $ 152,964 $ 146,548 For the six months ended May 31, 2017 May 31, 2016 Balance, beginning $ 134,373 $ 179,531 Settlements / adjustments (109,135 ) (153,078 ) Warranties issued 127,726 120,095 Balance, ending $ 152,964 $ 146,548

Note 8 - Loan and Credit Agre28

Note 8 - Loan and Credit Agreements (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	May 31, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $9,600 plus interest at 5.0%, due September 25, 2017 $ 575,192 $ 632,126 U.S. Bank loan payable in monthly installments of $10,965 plus interest at 5.0%, due September 25, 2017 650,911 715,945 U.S. Bank loan payable in monthly installments of $26,107 plus interest at 5.0%, due September 25, 2017 652,446 808,096 U.S. Bank loan payable in monthly installments of $10,960 plus interest at 5.0%, due September 25, 2017 271,825 337,147 U.S. Bank loan payable in monthly installments of $4,301 plus interest at 5.0%, due September 25, 2017 887,164 904,751 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 444,347 512,935 Total term debt $ 3,481,885 $ 3,911,000 Less current portion of term debt 2,526,581 1,807,937 Term debt of discontinued operations 650,911 715,945 Term debt, excluding current portion $ 304,393 $ 1,387,118

Note 9 - Assets Available for29

Note 9 - Assets Available for Sale and Assets Held for Lease (Tables)	6 Months Ended
	May 31, 2017
Notes Tables
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	May 31, 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)	6 Months Ended
	May 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended May 31, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,162,000 $ 888,000 $ 639,000 $ 4,689,000 Income (loss) from operations (657,000 ) (19,000 ) (45,000 ) $ (721,000 ) Income (loss) before tax (647,000 ) (34,000 ) (56,000 ) $ (737,000 ) Total Assets 19,443,000 3,400,000 2,702,000 $ 25,545,000 Capital expenditures 75,000 - 24,000 $ 99,000 Depreciation & Amortization 126,000 14,000 32,000 $ 172,000 Three Months Ended May 31, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,567,000 $ 1,250,000 $ 481,000 $ 5,298,000 Income (loss) from operations (96,000 ) 203,000 (43,000 ) $ 64,000 Income (loss) before tax (118,000 ) 199,000 (51,000 ) $ 30,000 Total Assets 20,415,000 2,626,000 2,648,000 $ 25,689,000 Capital expenditures 25,000 - 10,000 $ 35,000 Depreciation & Amortization 132,000 16,000 31,000 $ 179,000 Six Months Ended May 31, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 6,530,000 $ 1,276,000 $ 1,304,000 $ 9,110,000 Income (loss) from operations (877,000 ) (173,000 ) (25,000 ) $ (1,075,000 ) Income (loss) before tax (865,000 ) (192,000 ) (45,000 ) $ (1,102,000 ) Total Assets 19,442,000 3,400,000 2,702,000 $ 25,545,000 Capital expenditures 204,000 - 90,000 $ 294,000 Depreciation & Amortization 251,000 28,000 63,000 $ 342,000 Six Months Ended May 31, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 7,765,000 $ 2,193,000 $ 1,053,000 $ 11,011,000 Income (loss) from operations 152,000 212,000 (79,000 ) $ 285,000 Income (loss) before tax 115,000 206,000 (95,000 ) $ 226,000 Total Assets 20,415,000 2,626,000 2,648,000 $ 25,689,000 Capital expenditures 29,000 - 33,000 $ 62,000 Depreciation & Amortization 260,000 31,000 61,000 $ 352,000

Note 1 - Description of the C31

Note 1 - Description of the Company (Details Textual)	6 Months Ended
	May 31, 2017
Number of Operating Segments	3

Note 3 - Discontinued Operati32

Note 3 - Discontinued Operations - Income from Discontinued Operations before Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Income (loss) before tax	$ (27,665)	$ (104,994)	$ (22,789)	$ (180,119)
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Gross Profit	(23,527)	15,976	(23,572)	90,393
Operating Expense	219	112,586	252	258,746
Income (loss) from operations	(23,746)	(96,610)	(23,824)	(168,353)
Income (loss) before tax	(27,665)	(104,994)	(22,789)	(180,119)
Revenue from external customers		$ 443,119		$ 1,122,435

Note 3 - Discontinued Operati33

Note 3 - Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)	May 31, 2017	Nov. 30, 2016
Notes Payable	$ 650,911	$ 715,945
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Accounts Receivable - Net	7,500	9,700
Property, plant, and equipment, net	1,716,397	1,745,528
Assets of discontinued operations	1,723,897	1,755,228
Accounts payable	364	1,588
Accrued expenses	51,095	50,061
Notes Payable	650,911	715,945
Liabilities of discontinued operations	$ 702,370	$ 767,594

Note 4 - Net Income (Loss) Pe34

Note 4 - Net Income (Loss) Per Share of Common Stock - Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding (in shares)	4,158,969	4,101,810	4,142,672	4,088,073
Effect of dilutive stock options (in shares)
For diluted (loss) earnings per share - weighted average common shares outstanding (in shares)	4,158,969	4,101,810	4,142,672	4,088,073
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.12)	$ 0	$ (0.18)	$ 0.04
Discontinued Operations (in dollars per share)	0	(0.02)	0	(0.03)
Net Income (Loss) per share (in dollars per share)	(0.12)	(0.02)	(0.18)	0.01
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.12)	0	(0.18)	0.04
Discontinued Operations (in dollars per share)	0	(0.02)	0	(0.03)
Net Income (Loss) per share (in dollars per share)	$ (0.12)	$ (0.02)	$ (0.18)	$ 0.01
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$ (508,907)	$ 16,925	$ (762,547)	$ 150,485
Net (loss) income from discontinued operations	(18,653)	(73,496)	(15,041)	(126,084)
Net (loss) income	$ (527,560)	$ (56,571)	$ (777,588)	$ 24,401

Note 5 - Inventory - Major Clas

Note 5 - Inventory - Major Classes of Inventory (Details) - USD ($)	May 31, 2017	Nov. 30, 2016
Raw materials	$ 9,400,811	$ 8,568,624
Work in process	420,553	509,198
Finished goods	6,645,239	7,054,736
	16,466,603	16,132,558
Less: Reserves	(2,511,320)	(2,603,206)
	$ 13,955,283	$ 13,529,352

Note 6 - Accrued Expenses - Maj

Note 6 - Accrued Expenses - Major Components Of Accrued Expenses (Details) - USD ($)	May 31, 2017	Nov. 30, 2016
Salaries, wages, and commissions	$ 584,568	$ 542,449
Accrued warranty expense	152,964	134,373
Other	270,681	342,234
Total accrued liabilities, current	$ 1,008,213	$ 1,019,056

Note 7 - Product Warranty (Deta

Note 7 - Product Warranty (Details Textual)	3 Months Ended
	May 31, 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		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Settlements / adjustments	$ (36,186)	$ (71,786)	$ (109,135)	$ (153,078)
Warranties issued	63,478	39,356	127,726	120,095
Balance, ending	152,964	146,548	152,964	146,548
Balance, beginning	$ 125,672	$ 178,978	$ 134,373	$ 179,531

Note 8 - Loan and Credit Agre39

Note 8 - Loan and Credit Agreements (Details Textual)	May 31, 2017USD ($)	Feb. 10, 2016USD ($)	May 10, 2012USD ($)	Feb. 28, 2017USD ($)	May 31, 2017USD ($)	May 31, 2016USD ($)	Nov. 30, 2016USD ($)	Aug. 31, 2017USD ($)	Apr. 30, 2017USD ($)	May 29, 2014USD ($)	May 01, 2013USD ($)	Feb. 01, 2013	May 01, 2010USD ($)
Repayments of Long-term Debt					$ 364,080	$ 1,551,398
Long-term Debt	$ 3,481,885				3,481,885		$ 3,911,000
The Line of Credit [Member] | Revolving Credit Facility [Member] | US Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity											$ 4,500,000
Long-term Line of Credit	3,734,114				3,734,114
Line of Credit Facility, Remaining Borrowing Capacity	$ 657,766				$ 657,766
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
The Line of Credit [Member] | Revolving Credit Facility [Member] | US Bank [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage					0.25%
Debt Instrument, Interest Rate, Stated Percentage	5.00%				5.00%
US Bank UHC Loan [Member] | US Bank [Member]
Debt Instrument, Face Amount			$ 880,000
Long-term Debt	$ 271,825				$ 271,825
US Bank UHC Loan [Member] | US Bank [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			1.50%
US Bank UHC Loan [Member] | US Bank [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage			5.00%
The 2013 Term Notes [Member] | US Bank [Member]
Repayments of Long-term Debt		$ 1,078,196
Debt Instrument, Periodic Payment				$ 46,672
Long-term Debt	$ 1,878,549				$ 1,878,549
The 2013 Term Notes [Member] | US Bank [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
The 2013 Term Notes [Member] | US Bank [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%				5.00%
The 2014 Term Note [Member] | US Bank [Member]
Debt Instrument, Face Amount										$ 1,000,000
Long-term Debt	$ 887,164				$ 887,164
The 2014 Term Note [Member] | US Bank [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
The 2014 Term Note [Member] | US Bank [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%				5.00%
Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member]
Debt Instrument, Requirement, Minimum EBIDTA	$ 1				$ 1
Debt Instrument, Requirement, Minimum Liquidity									$ 500,000
Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member] | Scenario, Forecast [Member]
Debt Instrument, Requirement, Minimum EBIDTA								$ 648,000
US Bank UHC Loan, Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member]
Debt Instrument, Covenant Interest Rate Increase in Event of Default	5.00%				5.00%
Iowa Finance Authority Term Loan [Member]
Debt Instrument, Periodic Payment					$ 12,500		12,500
Long-term Debt	$ 444,347				$ 444,347		$ 512,935
Debt Instrument, Interest Rate, Stated Percentage	2.75%				2.75%		2.75%
Iowa Finance Authority Term Loan [Member] | The First National Bank of West Union [Member]
Debt Instrument, Face Amount													$ 1,300,000
Debt Instrument, Interest Rate, Stated Percentage												2.75%	3.50%
Debt Instrument, Covenant Debt Service Coverage Ratio	1.5				1.5

Note 8 - Loan and Credit Agre40

Note 8 - Loan and Credit Agreements - Summary Of Term Debt (Details) - USD ($)	May 31, 2017	Nov. 30, 2016
Term debt	$ 3,481,885	$ 3,911,000
Less current portion of term debt	2,526,581	1,807,937
Term debt of discontinued operations	650,911	715,945
Term debt, excluding current portion	304,393	1,387,118
US Bank Loan 2 [Member]
Term debt	575,192	632,126
US Bank Loan 3 [Member]
Term debt	650,911	715,945
US Bank Loan 4 [Member]
Term debt	652,446	808,096
US Bank Loan 5 [Member]
Term debt	271,825	337,147
US Bank Loan 6 [Member]
Term debt	887,164	904,751
Iowa Finance Authority Term Loan [Member]
Term debt	$ 444,347	$ 512,935

Note 8 - Loan and Credit Agre41

Note 8 - Loan and Credit Agreements - Summary Of Term Debt (Details) (Parentheticals) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2017	Nov. 30, 2016
US Bank Loan 2 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Periodic Payment	$ 9,600	$ 9,600
US Bank Loan 3 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Periodic Payment	$ 10,965	$ 10,965
US Bank Loan 4 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Periodic Payment	$ 26,107	$ 26,107
US Bank Loan 5 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Periodic Payment	$ 10,960	$ 10,960
US Bank Loan 6 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Periodic Payment	$ 4,301	$ 4,301
Iowa Finance Authority Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.75%	2.75%
Debt Instrument, Periodic Payment	$ 12,500	$ 12,500

Note 9 - Assets Available for42

Note 9 - Assets Available for Sale and Assets Held for Lease (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	May 31, 2017
Assets Held for Lease, Net		$ 1,131,101
Ames, Iowa Powder Coat Print System [Member]
Asset Impairment Charges	$ 44,858

Note 9 - Assets Available for43

Note 9 - Assets Available for Sale - Major Components Assets Available for Sale (Details) - USD ($)	May 31, 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 Pl44

Note 11 - Equity Incentive Plan and Stock Based Compensation (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2017	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016	Jan. 27, 2011
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				51,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0	0	0	0
Allocated Share-based Compensation Expense		$ 46,402	$ 28,177	$ 72,959	$ 39,429
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, Award Vesting Period				3 years
Restricted Stock [Member] | Employees, Directors, and Consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				45,700
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	6,000

Note 13 - Segment Information45

Note 13 - Segment Information (Details Textual)	6 Months Ended
	May 31, 2017
Number of Reportable Segments	3

Note 13 - Segment Information -

Note 13 - Segment Information - Segment Reporting Information (Details) - USD ($)		3 Months Ended		6 Months Ended
		May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016	Nov. 30, 2016
Total Assets		$ 27,268,754		$ 27,268,754		$ 27,242,590
Capital expenditures				293,919	$ 61,225
Depreciation & Amortization				342,387	352,091
Revenue from external customers		4,689,354	$ 5,297,970	9,110,522	11,010,651
Income (loss) from operations		(721,384)	63,565	(1,073,816)	284,538
Operating Segments [Member]
Total Assets	[1]	25,545,000	25,689,000	25,545,000	25,689,000
Capital expenditures	[1]	99,000	35,000	294,000	62,000
Depreciation & Amortization	[1]	172,000	179,000	342,000	352,000
Revenue from external customers	[1]	4,689,000	5,298,000	9,110,000	11,011,000
Income (loss) from operations	[1]	(721,000)	64,000	(1,075,000)	285,000
Income (loss) before tax	[1]	(737,000)	30,000	(1,102,000)	226,000
Operating Segments [Member] | Agricultural Products [Member]
Total Assets	[1]	19,443,000	20,415,000	19,443,000	20,415,000
Capital expenditures	[1]	75,000	25,000	204,000	29,000
Depreciation & Amortization	[1]	126,000	132,000	251,000	260,000
Revenue from external customers	[1]	3,162,000	3,567,000	6,530,000	7,765,000
Income (loss) from operations	[1]	(657,000)	(96,000)	(877,000)	152,000
Income (loss) before tax	[1]	(647,000)	(118,000)	(865,000)	115,000
Operating Segments [Member] | Modular Buildings [Member]
Total Assets	[1]	3,400,000	2,626,000	3,400,000	2,626,000
Capital expenditures	[1]
Depreciation & Amortization	[1]	14,000	16,000	28,000	31,000
Revenue from external customers	[1]	888,000	1,250,000	1,276,000	2,193,000
Income (loss) from operations	[1]	(19,000)	203,000	(173,000)	212,000
Income (loss) before tax	[1]	(34,000)	199,000	(192,000)	206,000
Operating Segments [Member] | Tools [Member]
Total Assets	[1]	2,702,000	2,648,000	2,702,000	2,648,000
Capital expenditures	[1]	24,000	10,000	90,000	33,000
Depreciation & Amortization	[1]	32,000	31,000	63,000	61,000
Revenue from external customers	[1]	639,000	481,000	1,304,000	1,053,000
Income (loss) from operations	[1]	(45,000)	(43,000)	(25,000)	(79,000)
Income (loss) before tax	[1]	$ (56,000)	$ (51,000)	$ (45,000)	$ (95,000)
[1]	Segment figures in the table may not sum to the consolidated total due to rounding.