Art's-Way Manufacturing (ARTW) 10-K 7 Feb 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2017	Jan. 30, 2018	May 31, 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)		4,156,914
Entity Public Float			$ 12,648,106
Document Type	10-K
Document Period End Date	Nov. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Current assets:
Cash	$ 212,400	$ 1,063,716
Accounts receivable-customers, net of allowance for doubtful accounts of $32,298 and $22,746 in 2017 and 2016, respectively	1,910,294	1,420,051
Inventories, net	11,966,722	13,529,352
Deferred income taxes		1,066,740
Cost and profit in excess of billings	65,146	108,349
Income taxes receivable		265,924
Assets of discontinued operations	2,454	9,700
Other current assets	275,755	158,087
Total current assets	14,432,771	17,621,919
Property, plant, and equipment, net	5,946,957	7,387,187
Assets held for lease, net	1,217,164
Assets held for sale, net		70,000
Deferred income taxes	901,396
Goodwill	375,000	375,000
Other assets of discontinued operations	1,425,000	1,745,528
Other assets	81,545	42,956
Total assets	24,379,833	27,242,590
Current liabilities:
Line of credit	2,462,530	3,284,114
Current portion of long-term debt	221,230	1,807,937
Accounts payable	673,653	469,481
Customer deposits	600,325	289,195
Billings in Excess of Cost and Profit	48,211	4,297
Accrued expenses	981,558	1,019,056
Liabilites of discontinued operations	59,149	182,426
Income taxes payable	3,100
Total current liabilities	5,049,756	7,056,506
Long-term liabilities
Deferred taxes		737,519
Long-term liabilities of discontinued operations	590,366	585,168
Long-term debt, excluding current portion	2,748,677	1,387,118
Total liabilities	8,388,799	9,766,311
Commitments and Contingencies (Notes 9, 10 and 16)
Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2017 and 2016; issued and outstanding 0 shares in 2017 and 2016.
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2017 and 2016; issued and outstanding 4,158,752 in 2017 and 4,109,052 in 2016	41,587	41,091
Additional paid-in capital	2,859,052	2,746,509
Retained earnings	13,353,830	14,990,911
Accumulated other comprehensive loss	(257,010)	(302,232)
Treasury stock, at cost (1,954 in 2017 and 0 in 2016 shares)	(6,425)
Total stockholders’ equity	15,991,034	17,476,279
Total liabilities and stockholders’ equity	$ 24,379,833	$ 27,242,590

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Allowance for doubtful accounts	$ 32,298	$ 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)	4,158,752	4,109,052
Common stock, outstanding (in shares)	4,158,752	4,109,052
Treasury stock (in shares)	1,954	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Sales	$ 20,715,080	$ 21,557,649
Cost of goods sold	16,632,979	16,237,766
Gross profit	4,082,101	5,319,883
Expenses:
Engineering	501,182	429,910
Selling	1,889,461	1,838,971
General and administrative	3,343,500	3,437,591
Impairment of assets	70,000	44,858
Total expenses	5,804,143	5,751,330
(Loss) from operations	(1,722,042)	(431,447)
Other income (expense):
Interest expense	(319,622)	(248,580)
Other	248,507	157,244
Total other income (expense)	(71,115)	(91,336)
Income	(1,793,157)	(522,783)
Income tax (benefit)	(423,798)	(96,601)
(Loss) from continuing operations	(1,369,359)	(426,182)
Discontinued Operations
Loss from operations of discontinued segment	(400,739)	(617,425)
Income tax benefit	(133,017)	(222,273)
Loss on discontinued operations	(267,722)	(395,152)
Net (Loss)	$ (1,637,081)	$ (821,334)
(Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.33)	$ (0.10)
Discontinued Operations (in dollars per share)	(0.06)	(0.10)
Net Income (Loss) per share (in dollars per share)	(0.39)	(0.20)
(Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.33)	(0.10)
Discontinued Operations (in dollars per share)	(0.06)	(0.10)
Net Income (Loss) per share (in dollars per share)	$ (0.39)	$ (0.20)
Weighted average outstanding shares used to compute basic net loss per share (in shares)	4,151,406	4,097,748
Weighted average outstanding shares used to compute diluted net loss per share (in shares)	4,151,406	4,097,748

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Net (Loss)	$ (1,637,081)	$ (821,334)
Other Comprehensive Income (Loss)
Foreign currency translation adjustsments	45,222	(302,232)
Total Other Comprehensive Income (Loss)	45,222	(302,232)
Comprehensive (Loss)	$ (1,591,859)	$ (1,123,566)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Nov. 30, 2015	4,061,052
Balance at Nov. 30, 2015	$ 40,611	$ 2,667,010	$ 15,812,245			$ 18,519,866
Stock based compensation (in shares)	48,000
Stock based compensation	$ 480	79,499				79,979
Foreign currency translation adjustsments				(302,232)		(302,232)
Net (Loss)			(821,334)			$ (821,334)
Balance (in shares) at Nov. 30, 2016	4,109,052					4,109,052
Balance at Nov. 30, 2016	$ 41,091	2,746,509	14,990,911	(302,232)		$ 17,476,279
Stock based compensation (in shares)	49,700				1,954
Stock based compensation	$ 496	112,543			$ (6,425)	106,614
Foreign currency translation adjustsments				45,222		45,222
Net (Loss)			(1,637,081)			$ (1,637,081)
Balance (in shares) at Nov. 30, 2017	4,158,752				1,954	4,158,752
Balance at Nov. 30, 2017	$ 41,587	$ 2,859,052	$ 13,353,830	$ (257,010)	$ (6,425)	$ 15,991,034

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Cash flows from operations:
Net (loss) from continuing operations	$ (1,369,359)	$ (426,182)
Net (loss) from discontinued operations	(267,722)	(395,152)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Stock based compensation	113,039	79,979
Unrealized foreign currency gain (loss)	45,222	(72,803)
Impairment of Asset Available for Sale	70,000	44,858
(Gain)/Loss on disposal of property, plant, and equipment	(3,673)	(17,395)
Depreciation and amortization expense	702,349	671,967
Bad debt expense	9,552	3,935
Deferred income taxes	(572,175)	(29,939)
Changes in assets and liabilities:
Accounts receivable	(499,795)	458,542
Inventories	1,562,630	1,655,084
Income taxes receivable	265,924	79,988
Other assets	(161,358)	(92,356)
Accounts payable	203,795	(26,386)
Contracts in progress, net	87,117	15,762
Customer deposits	311,130	126,398
Income taxes payable	3,100
Accrued expenses	(37,498)	(172,308)
Net cash provided by operating activities - continuing operations	730,000	2,299,144
Net cash provided by (used in) operating activities - discontinued operations	17,399	82,632
Net cash provided by operating activities	747,399	2,381,776
Cash flows from investing activities:
Purchases of property, plant, and equipment	(513,614)	(274,089)
Net proceeds from sale of assets	43,481	1,173,735
Net cash provided by (used in) investing activities - continuing operations	(470,133)	899,646
Net cash provided by (used in) investing activities - discontinued operations	40,936	16,900
Net cash provided by (used in) investing activities	(429,197)	916,546
Cash flows from financing activities:
Proceeds from line of credit borrowings	4,170,530
Repayment of line of credit borrowings	(4,992,114)
Net change in line of credit		675,542
Proceeds from term debt	2,600,000
Repayment of term debt	(2,825,148)	(1,911,506)
Repurchases of common stock	(6,425)
Net cash (used in) financing activities - continuing operations	(1,053,157)	(2,587,048)
Net cash (used in) financing activities - discontinued operations	(116,361)	(94,789)
Net cash (used in) financing activities	(1,169,518)	(2,681,837)
Net increase (decrease) in cash	(851,316)	616,485
Cash at beginning of period	1,063,716	447,231
Cash at end of period	212,400	1,063,716
Supplemental disclosures of cash flow information:
Interest	319,319	274,836
Income taxes	$ 5,627	$ 4,872

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	( 1 Summary of Significant Accounting Policies (a) Nature of Business Art ’s-Way Manufacturing Co., Inc. is primarily engaged in the fabrication and sale of specialized farm machinery in the agricultural sector of the United States. Primary product offerings include portable and stationary animal feed processing equipment; hay and forage equipment; sugar beet harvesting equipment; land maintenance equipment; a line of portable grain augers; a line of manure spreaders; moldboard plows; potato harvesters; and a line of reels. The Company also manufactured commercial snow blowers under the Agro Trend label but sold the Agro Trend product line to Metco, Inc. on December 15, 2017. The Company ’s Pressurized Vessels segment was primarily engaged in the fabrication and sale of pressurized vessels and tanks through the Company’s wholly-owned subsidiary, Art’s-Way Vessels, Inc. On August 11, 2016, January 2018, second 2018. The Company ’s Modular Buildings segment is primarily engaged in the construction of modular laboratories and animal housing facilities through the Company’s wholly-owned subsidiary, Art’s-Way Scientific, Inc. Buildings commonly produced range from basic swine buildings to complex containment research laboratories. This segment also provides services relating to the design, manufacturing, delivering, installation, and renting of the building units that it produces. The Company ’s Tools segment is a domestic manufacturer and distributor of standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools through the Company’s wholly-owned subsidiary, Ohio Metal Working Company/Art’s Way, Inc. (b) Principles of Consolidation The consolidated financial statements include the accounts of Art ’s-Way Manufacturing Co., Inc. and its wholly-owned subsidiaries for the 2017 third 2016 October 31, 2016. The financial books of International 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 be translated to U.S. Dollars at the exchange rate as of year-end. Owner’s 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 recorded in stockholder’s equity in fiscal 2017 2016. not no not (c) Cash Concentration The Company maintains several different accounts at four (d) Customer Concentration D uring the years ended November 30, 2017, November 30, 2016 no one 4% 8% (e) Accounts Receivable Accounts receivable are carried at original invoice amount less an estimate made for doubtful accounts based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by identifying troubled accounts and by using historical experience applied to an aging of accounts. Accounts receivable are written-off when deemed uncollectible. Recoveries of accounts receivable previously written-off are recorded when received. Accounts receivable are generally considered past due 60 1 80 Trade receivables due from customers are uncollateralized customer obligations due under normal trade terms requiring payment within 30 1.5% (f) Inventories Inventories are stated at the lower of cost or net realizable value, and cost is determined using the standard costing method. Management monitors the carrying value of inventories using inventory control and review processes that include, but are not may not (g) Property, Plant, and Equipment Property, plant, and equipment are recorded at cost. Depreciation of plant and equipment is provided using the straight-line method, based on the estimated useful lives of the assets which range from three forty (h) Lessor Accounting Modular buildings held for short term lease by our Modular Buildings segment are recorded at cost. Amortization of the property is calculated over the useful life of the building. Estimated useful life is three five (i) Goodwill and Impairment Goodwill represents costs in excess of the fair value of net tangible and identifiable net intangible assets acquired in business combinations. The Company performs an annual test for impairment of goodwill during the fourth not November 30, 2017 November 30, 2016 . (j) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates as recognized in income in the period that includes the enactment date. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not The Company shall classify interest and penalties to be paid on an underpayment of taxes as income tax expense . The Company files income tax returns in the U.S. federal jurisdiction and various states and Canada. The Company is no November 30, 2013. On December 22, 2017, 35% 21%. This law is generally effective for tax years beginning after December 31, 2017. first 2018. (k) Revenue Recognition Revenue is recognized when risk of ownership and title pass to the buyer, generally upon the shipment of the product. All sales are made to authorized dealers whose application for dealer status has been approved and who have been informed of general sales policies. Any changes in Company terms are documented in the most recently published price lists. Pricing is fixed and determinable according to the Company’s published equipment and parts price lists. Title to all equipment and parts sold shall pass to the buyer upon delivery to the carrier and is not not not In certain circumstances, upon the customer ’s written request, the Company may not not no in 2017 2016 $184,000 $424,000, The Company ’s Modular Buildings segment is in the construction industry, and as such accounts for contracts on the percentage of completion method. Revenue and gross profit are recognized as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. Contract losses are recognized when current estimates of total contract revenue and contract cost indicate a loss. Estimated contract costs include any and all costs appropriately allocable to the contract. The provision for these contract losses will be the excess of estimated contract costs over estimated contract revenues. Costs and profit in excess of amounts billed are classified as current assets and billings in excess of cost and profit are classified as current liabilities. (l) Research and Development Research and development costs are expensed when incurred. Such costs approximated $183,000 $140,000 November 30, 2017 2016, (m ) Advertising Advertising costs are expensed when incurred. Such costs approximated $356,000 $420,000 November 30, 2017 2016, ( n) (Loss) Per Share Basic net (loss) per common share has been computed on the basis of the weighted average number of common shares outstanding. Diluted net (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. Basic and diluted (loss) per common share have been computed based on the following as of November 30, 2017 2016: For the twelve months ended November 30, 2017 November 30, 2016 Numerator for basic and diluted (loss) per common share: Net (loss) from continuing operations $ (1,369,359 ) $ (426,182 ) Net (loss) from discontinued operations (267,722 ) (395,152 ) Net (loss) $ (1,637,081 ) $ (821,334 ) Denominator: For basic (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 Effect of dilutive stock options - - For diluted (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 (Loss) per share - Basic: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 ) (Loss) per share - Diluted: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 ) ( p) Stock Based Compensation Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the relevant vesting period. The Company estimates the fair value of each stock-based 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. Restricted stock is valued at market value at the day of grant. ( q) Use of Estimates Management of the Company has made a number of estimates and assumptions related to the reported amount of assets and liabilities, reported amount of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates. (r) Recently Issued Accounting Pronouncements Adopted Accounting Pronouncements Going Concern In August 2014, No. 2014 15, – Going Concern” which is authoritative guidance on management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205 40, Going Concern not one No. 2014 15 December 15, 2016. November 30, 2017, not 2017. Inventory In July 2015, 2015 11, 330 first No. 2015 11 December 15, 2016, ended November 30, 2017, 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 no ’s consolidated statements of operations and comprehensive income. Accounting Pronouncements Not Revenue from Contracts with Customers In May 2014, No. 2014 09, 605 2014 09 December 15, 2017, not Modular Buildings segment will be impacted most significantly by this standard. The Company believes that this segment will need to work to revise its standard contracts with customers to more clearly define the rights and considerations transferred at the various milestones identified in the contracts. The Company believes that the other segments already have the necessary tools to evaluate their revenues in a manner consistent with the application of this standard, and will have the ability to meet the disclosure requirements using current systems. The Company continues to research and assess the implications of the adoption of this standard on its consolidated financial statements. Leases In February 2016, 2016 02, 842 twelve December 15, 2018, November 30, 2020

Note 2 - Discontinued Operation

Note 2 - Discontinued Operations	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	( 2 Discontinued Operations Effective October 31, 2016, Pressurized Vessels segment in order to focus its efforts and resources on the business segments that have historically been more successful and that are expected to present greater opportunities for meaningful long-term shareholder returns. The Company’s plan is to dispose of these assets. As the Pressurized Vessels segment 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 Consol idated Statements of Operations is comprised of the following: Twelve Months Ended November 30, 2017 November 30, 2016 Revenue from external customers $ - $ 1,598,330 Gross Profit - (198,567 ) Asset Impairment 289,198 - Total Operating Expense 357,709 399,503 Income (loss) from operations (357,709 ) (598,070 ) Income (loss) before tax (400,739 ) (617,425 ) The components of discontinued operations in the accompanying consolidated balance sheets are as follows: November 30, 2017 November 30, 2016 Cash $ 2,454 $ - Accounts Receivable - Net - 9,700 Property, plant, and equipment, net 1,425,000 1,745,528 Assets of discontinued operations $ 1,427,454 $ 1,755,228 Accounts payable $ - $ 1,588 Accrued expenses 49,931 50,061 Notes Payable 599,584 715,945 Liabilities of discontinued operations $ 649,515 $ 767,594 In January 2018, $1,500,000, $289,000, $1,425,000

Note 3 - Allowance for Doubtful

Note 3 - Allowance for Doubtful Accounts	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	( 3 Allowance for Doubtful Accounts A summary of the Company ’s activity in the allowance for doubtful accounts is as follows: For the 12 months ended November 30, 201 7 November 30, 201 6 Balance, beginnin g $ 22,746 $ 18,810 Provision charged to expens e 11,187 4,925 Less amounts charged-of f (1,635 ) (989 ) Balance, endin g $ 32,298 $ 22,746

Note 4 - Inventories

Note 4 - Inventories	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 4 Inventories Major classes of inventory are : November 30, 2017 November 30, 2016 Raw materials $ 8,731,985 $ 8,568,624 Work in process 460,687 509,198 Finished goods 5,395,353 7,054,736 $ 14,588,025 $ 16,132,558 Less: Reserves (2,621,303 ) (2,603,206 ) $ 11,966,722 $ 13,529,352

Note 5 - Contracts in Progress

Note 5 - Contracts in Progress	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Long-term Contracts or Programs Disclosure [Text Block]	( 5 Contracts in Progress Amounts included in the consolidated financial statements related to uncompleted contracts are as follows: Cost and Profit in Billings in Excess of Excess of Billings Costs and Profit November 30, 2017 Costs $ 105,639 $ 612,370 Estimated earnings 34,611 173,764 140,250 786,134 Less: amounts billed (75,104 ) (834,345 ) $ 65,146 $ (48,211 ) November 30, 2016 Costs $ 121,118 $ 159,717 Estimated earnings 27,231 65,471 148,349 225,188 Less: amounts billed (40,000 ) (229,485 ) $ 108,349 $ (4,297 ) The amounts billed on these long term contracts are due 30 12 $37,052 $0 November 30, 2017 2016,

Note 6 - Property, Plant, and E

Note 6 - Property, Plant, and Equipment	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 6 Property, Plant, and Equipment Major classes of property, plant, and equipment used in continuing operations are: November 30, 2017 November 30, 2016 Land $ 220,503 $ 536,103 Buildings and improvements 6,966,550 7,859,477 Construction in Progress 14,798 10,353 Manufacturing machinery and equipment 10,932,085 10,772,933 Trucks and automobiles 428,774 450,171 Furniture and fixtures 113,956 113,956 18,676,666 19,742,993 Less accumulated depreciation (12,729,709 ) (12,355,806 ) Property, plant and equipment $ 5,946,957 $ 7,387,187 Depreciation and amortization expense for continuing operations totaled $702,349 $671,967 November 30, 2017 2016,

Note 7 - Assets Available for S

Note 7 - Assets Available for Sale and Assets Held for Lease	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	( 7 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 2 November 30, 2017 November 30, 2016 Ames, Iowa powder coat paint system $ - $ 70,000 $ - $ 70,000 Due to reduced demand for the Company’s reels produced by the Universal Harvester by Art’s Way subsidiary, the Company has been able to absorb the production of the reels in its Armstrong, Iowa facility. The Company continues to hold its powder coat system previously used in its Ames, Iowa location as available for sale. During fiscal 2017, $70,000 2016, $44,858 Major components of assets held for lease are: November 30, 2017 November 30, 2016 West Union Facility $ 1,118,330 $ - Modular Buildings 98,834 - $ 1,217,164 $ - The Company currently leases more than half the West Union facility to third The Company ’s Modular Buildings segment enters into leasing arrangements with customers from time-to-time. A small leased facility was put into service in the third 2017.

Note 8 - Accrued Expenses

Note 8 - Accrued Expenses	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	( 8 Accrued Expenses Major components of accrued expenses are: November 30, 2017 November 30, 2016 Salaries, wages, and commissions $ 584,768 $ 542,449 Accrued warranty expense 68,451 134,373 Other 328,339 342,234 $ 981,558 $ 1,019,056

Note 9 - Product Warranty

Note 9 - Product Warranty	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	( 9 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 Changes in the Company ’s product warranty liability included in “accrued expenses” for the years ended November 30, 2017 2016 For the twelve months ended November 30, 201 7 November 30, 201 6 Balance, beginnin g $ 134,373 $ 176,531 Settlements / adjustment s (276,667 ) (246,235 ) Warranties issue d 210,745 204,077 Balance, endin g $ 68,451 $ 134,373

Note 10 - Loan and Credit Agree

Note 10 - Loan and Credit Agreements	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	( 10 Loan and Credit Agreements The Company maintains a revolving line of credit and term loans with Bank Midwest as well as a term loan with The First National Bank of West Union. Bank Midwest Revolving Line of Credit and Term Loans On September 28, 2017, $5,000,000 $2,600,000 October 1, 2037, $600,000 October 1, 2019. $6,562,030, $6,528,223 $33,807 On November 30, 2017, $2,462,530 $2,537,470 75% (discounted for aged receivables), plus 50% 1.000% 4.250% 5.250% no March 1, 2018. The $2,600,000 5.000% first sixty months. Thereafter, this loan will accrue interest at a floating rate per annum equal to 0.750% 4.150% may five $17,270.57 $62,400 0.5% 20% 38% 2% $600,000 5.000%, $3,249.00 . Each of the revolving line of credit and the term loans are governed by the terms of a separate Promissory Note, dated September 28, 2017, In connection with the revolving line of credit, the Company, Art ’s-Way Scientific Inc. and Ohio Metal Working Products/Art’s-Way Inc. each entered into a Commercial Security Agreement with Bank Midwest, dated September 28, 2017, first September 28, 2017. To further secure the line of credit, the Company has granted Bank Midwest a second $2,600,000 $600,000 September 28, 2017, September 28, 2017. If the Company or its subsidiaries (as guarantors pursuant to the Commercial Guaranties) commits an event of default with respect to the promissory notes and fails or is unable to cure that default, Bank Midwest may may ’s obligations under the promissory notes. Bank Midwest shall also have all other rights and remedies for default provided by the Uniform Commercial Code, as well as any other applicable law and the various loan agreements. In addition, in an event of default, Bank Midwest may Bank Midwest Loan Covenants The terms of these loan agreements require the Company to maintain a minimum working capital ratio of 1.75, $5,100,000 1 1 40% 1.25, 0.10 The Company was in compliance with all covenants as of November 30, 2017 no November 30, 2018. The Company will provide audited financial statements within 120 Iowa Finance Authority Term Loan and Covenants On May 1, 2010, ’s-Way brand. The funds for this loan were made available by the Iowa Finance Authority by the issuance of tax exempt bonds. This loan had an original principal amount of $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 1st May 28, 2010 February 1, 2013 May 1, 2010 February 1, 2013 ( 1.5 1.0, November 30 ’s West Union Facility, pursuant to a Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement dated 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 ’s performance. The Company was in compliance with all co venants except for the debt service coverage ratio covenant as measured on November 30, 2017. November 30, 2018. U.S. Bank Credit Facility The Company previously maintained a revolving line of credit and term loans with U.S. Bank. The material terms of the U.S. Bank credit facility were most recently disclosed in the Company ’s Form 10 August 31, 2017, 8 September 28, 2017, A summary of the Company ’s term debt is as follows: November 30, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $11,000 including interest at 2.98%, due May 1, 2018 $ - $ 632,126 U.S. Bank loan payable in monthly installments of $12,550 including interest at 2.98%, due May 1, 2018 - 715,946 U.S. Bank loan payable in monthly installments of $27,800 including interest at 2.98%, due May 1, 2018 - 808,096 U.S. Bank loan payable in monthly installments of $11,700 including interest at 3.15%, due May 10, 2017 - 337,147 U.S. Bank loan payable in monthly installments of $5,556 including interest at 2.98%, due May 25, 2017 - 904,751 Bank Midwest loan payable in monthly installments of $17,271 including interest at 5.00%, due October 1, 2037 2,595,007 - Bank Midwest loan payable in monthly installments of $3,249 including interest at 5.00%, due October 1, 2019 599,584 - Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 374,900 512,935 Total term debt $ 3,569,491 $ 3,911,001 Less current portion of term debt 221,230 1,807,937 Term debt of discontinued operations 599,584 715,946 Term debt, excluding current portion $ 2,748,677 $ 1,387,118 A summary of the minimum maturities of term debt follows for the years ending November 30: Year : Amoun t 201 8 $ 230,448 201 9 819,662 202 0 174,644 202 1 92,102 2022 96,814 Thereafte r 2,155,821 $ 3,569,491

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	( 11 Related Party Transactions During fiscal years 2017 2016, not no various supplies from related parties, which are companies owned by J. Ward McConnell, Jr., our Vice Chairman of the Board of Directors. Also, J. Ward McConnell, Jr. as a shareholder owning more than 20% 2017, $8,281 $2,937 2016. November 30, 2017, $1,621 $0 November 30, 2016 .

Note 12 - Employee Benefit Plan

Note 12 - Employee Benefit Plans	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	( 12 Employee Benefit Plans The Company sponsors a defined contribution 401 may es a 25% 4% 1% $34,523 $37,606 November 30, 2017 2016,

Note 13 - Equity Incentive Plan

Note 13 - Equity Incentive Plan	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	( 13 Equity Incentive Plan On November 30, 2017, one 2011 $113,039 $79,979 2017 2016, 2011 $68,886 $88,278 2017 2016 No On January 27, 2011, ’s-Way Manufacturing Co., Inc. 2011 “2011 January 27, 2012. 2011 April 28, 2011. no 2011 2011 1,000 may 2011 Stock options granted prior to January 27, 2011 The fair value of each option award is estimated on the date of grant using the Black Scholes option-pricing model. 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. 201 7 201 6 Expected Volatility - - Expected Dividend Yield - - Expected Term (in years) - - Risk-Free Rate - - The following is a s ummary of activity under the plans as of November 30, 2017 2016, 2017 Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options O utstanding at the Beginning of the Period 143,500 $ 8.78 Granted - - - Exercised - - - Options Expired or Forfeited (47,500 ) 10.84 Options O utstanding at the End of the Period 96,000 7.77 3.55 - Options Exer cisable at the End of the Period 96,000 7.77 3.55 - 2016 Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options Outstanding at the Beginning of the Period 174,000 $ 8.39 - - Granted - - - - Exercised - - - - Options Expired or Forfeited (30,500 ) 6.39 - - Options Outstanding at the End of the Period 143,500 8.78 3.37 - Options Exercisable at the End of the Period 143,500 8.78 3.37 - N o options were granted during fiscal 2017 2016. November 30, 2017 November 30, 2016, no November 30, 2017, no No 2017. uring fiscal 2016, 5,000 $3,881 2016 2016 $1.14. The Company received no 2017 2016. During fiscal year 2017 , the Company issued 53,700 22,550 2017, 4,000 none 2016. 2016, 48,000 12,550 $113,039 $76,098 2017 2016,

Note 14 - Income Taxes

Note 14 - Income Taxes	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 14 Income Taxes Total income tax expense (benefit) for the years ended November 30, 2017 2016 November 30, 2017 November 30, 2016 Current Expense (benefit) $ 15,360 $ (288,935 ) Deferred expense (benefit) (572,175 ) (29,939 ) $ (556,815 ) $ (318,874 ) The reconciliation of the statutory Federal income tax rate is as follows: November 30, 2017 November 30, 2016 Statutory federal income tax rate 34.0 % 34.0 % Valuation allowance on foreign net operating loss (7.8 ) 0.0 Permanent differences and other (0.7 ) (6.0 ) 25.5 % 28.0 % Tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabi lities) at November 30, 2017 2016 November 30 2017 2016 Current deferred tax assets (liabilities): Accrued expenses $ 95,000 $ 110,000 Inventory capitalization 33,000 16,000 N et operating loss and tax credit carryforward 586,000 133,000 Asset reserves 746,000 808,000 Total current deferred tax assets $ 1,460,000 $ 1,067,000 Non-current deferred tax assets Property, plant, and equipment $ (559,000 ) $ (737,000 ) Total non-current deferred tax assets (liabilities) $ (559,000 ) $ (737,000 ) Net deferred taxes $ 901,000 $ 330,000 Based on the Company ’s adoption of ASU 2015 17, 2017 2016 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not Based on these assessments, in fiscal 2016 $75,000. 2017 not not $1,800,000 $105,000 November 30, 2036 2037. On December 22, 2017, 35% 21 %. The law and rate change is generally effective for tax years beginning after December 31, 2017. first 2018 November 30, 2017, $300,000, first February 28, 2018.

Note 15 - Disclosures About the

Note 15 - Disclosures About the Fair Value of Financial Instruments	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	( 15 Disclosures About the Fair Value of Financial Instruments At November 30, 2017 2016, not

Note 16 - Litigation and Contin

Note 16 - Litigation and Contingencies	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	( 16 Litigation and Contingencies Various legal actions and claims that arise in the normal course of business are pending against the Company. In the opinion of management adequate provisions have been made in the accompanying financial statements for all pending legal actions and other claims.

Note 17 - Segment Information

Note 17 - Segment Information	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 17 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. 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 2 Twelve Months Ended November 30, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 15,407,000 $ 2,700,000 $ 2,608,000 $ 20,715,000 Income (loss) from operations (1,381,000 ) (313,000 ) (28,000 ) $ (1,722,000 ) Income (loss) before tax (1,371,000 ) (349,000 ) (73,000 ) $ (1,793,000 ) Total Assets 17,237,000 3,108,000 2,607,000 $ 22,952,000 Capital expenditures 303,000 121,000 90,000 $ 514,000 Depreciation & Amortization 506,000 69,000 127,000 $ 702,000 Twelve Months Ended November 30, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 15,756,000 $ 3,674,000 $ 2,128,000 $ 21,558,000 Income (loss) from operations (378,000 ) 88,000 (141,000 ) $ (431,000 ) Income (loss) before tax (403,000 ) 70,000 (189,000 ) $ (522,000 ) Total Assets 20,292,000 2,588,000 2,608,000 $ 25,488,000 Capital expenditures 212,000 - 62,000 $ 274,000 Depreciation & Amortization 487,000 61,000 124,000 $ 672,000

Note 18 - Subsequent Events

Note 18 - Subsequent Events	12 Months Ended
	Nov. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	( 18 Subsequent Events Management evaluated all other activity of the Company and concluded that no statements other than those previously described in Note 2

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	(a) Nature of Business Art ’s-Way Manufacturing Co., Inc. is primarily engaged in the fabrication and sale of specialized farm machinery in the agricultural sector of the United States. Primary product offerings include portable and stationary animal feed processing equipment; hay and forage equipment; sugar beet harvesting equipment; land maintenance equipment; a line of portable grain augers; a line of manure spreaders; moldboard plows; potato harvesters; and a line of reels. The Company also manufactured commercial snow blowers under the Agro Trend label but sold the Agro Trend product line to Metco, Inc. on December 15, 2017. The Company ’s Pressurized Vessels segment was primarily engaged in the fabrication and sale of pressurized vessels and tanks through the Company’s wholly-owned subsidiary, Art’s-Way Vessels, Inc. On August 11, 2016, January 2018, second 2018. The Company ’s Modular Buildings segment is primarily engaged in the construction of modular laboratories and animal housing facilities through the Company’s wholly-owned subsidiary, Art’s-Way Scientific, Inc. Buildings commonly produced range from basic swine buildings to complex containment research laboratories. This segment also provides services relating to the design, manufacturing, delivering, installation, and renting of the building units that it produces. The Company ’s Tools segment is a domestic manufacturer and distributor of standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools through the Company’s wholly-owned subsidiary, Ohio Metal Working Company/Art’s Way, Inc.
Consolidation, Policy [Policy Text Block]	(b) Principles of Consolidation The consolidated financial statements include the accounts of Art ’s-Way Manufacturing Co., Inc. and its wholly-owned subsidiaries for the 2017 third 2016 October 31, 2016. The financial books of International 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 be translated to U.S. Dollars at the exchange rate as of year-end. Owner’s 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 recorded in stockholder’s equity in fiscal 2017 2016. not no not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	(c) Cash Concentration The Company maintains several different accounts at four (d) Customer Concentration D uring the years ended November 30, 2017, November 30, 2016 no one 4% 8%
Receivables, Policy [Policy Text Block]	(e) Accounts Receivable Accounts receivable are carried at original invoice amount less an estimate made for doubtful accounts based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by identifying troubled accounts and by using historical experience applied to an aging of accounts. Accounts receivable are written-off when deemed uncollectible. Recoveries of accounts receivable previously written-off are recorded when received. Accounts receivable are generally considered past due 60 1 80 Trade receivables due from customers are uncollateralized customer obligations due under normal trade terms requiring payment within 30 1.5%
Inventory, Policy [Policy Text Block]	(f) Inventories Inventories are stated at the lower of cost or net realizable value, and cost is determined using the standard costing method. Management monitors the carrying value of inventories using inventory control and review processes that include, but are not may not
Property, Plant and Equipment, Policy [Policy Text Block]	(g) Property, Plant, and Equipment Property, plant, and equipment are recorded at cost. Depreciation of plant and equipment is provided using the straight-line method, based on the estimated useful lives of the assets which range from three forty
Short-term Leases [Policy Text Block]	(h) Lessor Accounting Modular buildings held for short term lease by our Modular Buildings segment are recorded at cost. Amortization of the property is calculated over the useful life of the building. Estimated useful life is three five
Goodwill and Intangible Assets, Policy [Policy Text Block]	(i) Goodwill and Impairment Goodwill represents costs in excess of the fair value of net tangible and identifiable net intangible assets acquired in business combinations. The Company performs an annual test for impairment of goodwill during the fourth not November 30, 2017 November 30, 2016 .
Income Tax, Policy [Policy Text Block]	(j) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates as recognized in income in the period that includes the enactment date. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not The Company shall classify interest and penalties to be paid on an underpayment of taxes as income tax expense . The Company files income tax returns in the U.S. federal jurisdiction and various states and Canada. The Company is no November 30, 2013. On December 22, 2017, 35% 21%. This law is generally effective for tax years beginning after December 31, 2017. first 2018.
Revenue Recognition, Policy [Policy Text Block]	(k) Revenue Recognition Revenue is recognized when risk of ownership and title pass to the buyer, generally upon the shipment of the product. All sales are made to authorized dealers whose application for dealer status has been approved and who have been informed of general sales policies. Any changes in Company terms are documented in the most recently published price lists. Pricing is fixed and determinable according to the Company’s published equipment and parts price lists. Title to all equipment and parts sold shall pass to the buyer upon delivery to the carrier and is not not not In certain circumstances, upon the customer ’s written request, the Company may not not no in 2017 2016 $184,000 $424,000, The Company ’s Modular Buildings segment is in the construction industry, and as such accounts for contracts on the percentage of completion method. Revenue and gross profit are recognized as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. Contract losses are recognized when current estimates of total contract revenue and contract cost indicate a loss. Estimated contract costs include any and all costs appropriately allocable to the contract. The provision for these contract losses will be the excess of estimated contract costs over estimated contract revenues. Costs and profit in excess of amounts billed are classified as current assets and billings in excess of cost and profit are classified as current liabilities.
Research and Development Expense, Policy [Policy Text Block]	(l) Research and Development Research and development costs are expensed when incurred. Such costs approximated $183,000 $140,000 November 30, 2017 2016,
Advertising Costs, Policy [Policy Text Block]	(m ) Advertising Advertising costs are expensed when incurred. Such costs approximated $356,000 $420,000 November 30, 2017 2016,
Earnings Per Share, Policy [Policy Text Block]	( n) (Loss) Per Share Basic net (loss) per common share has been computed on the basis of the weighted average number of common shares outstanding. Diluted net (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. Basic and diluted (loss) per common share have been computed based on the following as of November 30, 2017 2016: For the twelve months ended November 30, 2017 November 30, 2016 Numerator for basic and diluted (loss) per common share: Net (loss) from continuing operations $ (1,369,359 ) $ (426,182 ) Net (loss) from discontinued operations (267,722 ) (395,152 ) Net (loss) $ (1,637,081 ) $ (821,334 ) Denominator: For basic (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 Effect of dilutive stock options - - For diluted (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 (Loss) per share - Basic: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 ) (Loss) per share - Diluted: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 )
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	( p) Stock Based Compensation Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the relevant vesting period. The Company estimates the fair value of each stock-based 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. Restricted stock is valued at market value at the day of grant.
Use of Estimates, Policy [Policy Text Block]	( q) Use of Estimates Management of the Company has made a number of estimates and assumptions related to the reported amount of assets and liabilities, reported amount of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	(r) Recently Issued Accounting Pronouncements Adopted Accounting Pronouncements Going Concern In August 2014, No. 2014 15, – Going Concern” which is authoritative guidance on management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205 40, Going Concern not one No. 2014 15 December 15, 2016. November 30, 2017, not 2017. Inventory In July 2015, 2015 11, 330 first No. 2015 11 December 15, 2016, ended November 30, 2017, 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 no ’s consolidated statements of operations and comprehensive income. Accounting Pronouncements Not Revenue from Contracts with Customers In May 2014, No. 2014 09, 605 2014 09 December 15, 2017, not Modular Buildings segment will be impacted most significantly by this standard. The Company believes that this segment will need to work to revise its standard contracts with customers to more clearly define the rights and considerations transferred at the various milestones identified in the contracts. The Company believes that the other segments already have the necessary tools to evaluate their revenues in a manner consistent with the application of this standard, and will have the ability to meet the disclosure requirements using current systems. The Company continues to research and assess the implications of the adoption of this standard on its consolidated financial statements. Leases In February 2016, 2016 02, 842 twelve December 15, 2018, November 30, 2020

Note 1 - Summary of Significa27

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the twelve months ended November 30, 2017 November 30, 2016 Numerator for basic and diluted (loss) per common share: Net (loss) from continuing operations $ (1,369,359 ) $ (426,182 ) Net (loss) from discontinued operations (267,722 ) (395,152 ) Net (loss) $ (1,637,081 ) $ (821,334 ) Denominator: For basic (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 Effect of dilutive stock options - - For diluted (loss) per share - weighted average common shares outstanding 4,151,406 4,097,748 (Loss) per share - Basic: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 ) (Loss) per share - Diluted: Continuing Operations $ (0.33 ) $ (0.10 ) Discontinued Operations $ (0.06 ) $ (0.10 ) Net (Loss) per share $ (0.39 ) $ (0.20 )

Note 2 - Discontinued Operati28

Note 2 - Discontinued Operations (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]	Twelve Months Ended November 30, 2017 November 30, 2016 Revenue from external customers $ - $ 1,598,330 Gross Profit - (198,567 ) Asset Impairment 289,198 - Total Operating Expense 357,709 399,503 Income (loss) from operations (357,709 ) (598,070 ) Income (loss) before tax (400,739 ) (617,425 )
Disposal Groups, Including Discontinued Operations [Table Text Block]	November 30, 2017 November 30, 2016 Cash $ 2,454 $ - Accounts Receivable - Net - 9,700 Property, plant, and equipment, net 1,425,000 1,745,528 Assets of discontinued operations $ 1,427,454 $ 1,755,228 Accounts payable $ - $ 1,588 Accrued expenses 49,931 50,061 Notes Payable 599,584 715,945 Liabilities of discontinued operations $ 649,515 $ 767,594

Note 3 - Allowance for Doubtf29

Note 3 - Allowance for Doubtful Accounts (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	For the 12 months ended November 30, 201 7 November 30, 201 6 Balance, beginnin g $ 22,746 $ 18,810 Provision charged to expens e 11,187 4,925 Less amounts charged-of f (1,635 ) (989 ) Balance, endin g $ 32,298 $ 22,746

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	November 30, 2017 November 30, 2016 Raw materials $ 8,731,985 $ 8,568,624 Work in process 460,687 509,198 Finished goods 5,395,353 7,054,736 $ 14,588,025 $ 16,132,558 Less: Reserves (2,621,303 ) (2,603,206 ) $ 11,966,722 $ 13,529,352

Note 5 - Contracts in Progress

Note 5 - Contracts in Progress (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Costs in Excess of Billings and Billings in Excess of Costs [Table Text Block]	Cost and Profit in Billings in Excess of Excess of Billings Costs and Profit November 30, 2017 Costs $ 105,639 $ 612,370 Estimated earnings 34,611 173,764 140,250 786,134 Less: amounts billed (75,104 ) (834,345 ) $ 65,146 $ (48,211 ) November 30, 2016 Costs $ 121,118 $ 159,717 Estimated earnings 27,231 65,471 148,349 225,188 Less: amounts billed (40,000 ) (229,485 ) $ 108,349 $ (4,297 )

Note 6 - Property, Plant, and32

Note 6 - Property, Plant, and Equipment (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	November 30, 2017 November 30, 2016 Land $ 220,503 $ 536,103 Buildings and improvements 6,966,550 7,859,477 Construction in Progress 14,798 10,353 Manufacturing machinery and equipment 10,932,085 10,772,933 Trucks and automobiles 428,774 450,171 Furniture and fixtures 113,956 113,956 18,676,666 19,742,993 Less accumulated depreciation (12,729,709 ) (12,355,806 ) Property, plant and equipment $ 5,946,957 $ 7,387,187

Note 7 - Assets Available for33

Note 7 - Assets Available for Sale and Assets Held for Lease (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	November 30, 2017 November 30, 2016 Ames, Iowa powder coat paint system $ - $ 70,000 $ - $ 70,000
Schedule of Property Subject to or Available for Operating Lease [Table Text Block]	November 30, 2017 November 30, 2016 West Union Facility $ 1,118,330 $ - Modular Buildings 98,834 - $ 1,217,164 $ -

Note 8 - Accrued Expenses (Tabl

Note 8 - Accrued Expenses (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	November 30, 2017 November 30, 2016 Salaries, wages, and commissions $ 584,768 $ 542,449 Accrued warranty expense 68,451 134,373 Other 328,339 342,234 $ 981,558 $ 1,019,056

Note 9 - Product Warranty (Tabl

Note 9 - Product Warranty (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the twelve months ended November 30, 201 7 November 30, 201 6 Balance, beginnin g $ 134,373 $ 176,531 Settlements / adjustment s (276,667 ) (246,235 ) Warranties issue d 210,745 204,077 Balance, endin g $ 68,451 $ 134,373

Note 10 - Loan and Credit Agr36

Note 10 - Loan and Credit Agreements (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Debt [Table Text Block]	November 30, 2017 November 30, 2016 U.S. Bank loan payable in monthly installments of $11,000 including interest at 2.98%, due May 1, 2018 $ - $ 632,126 U.S. Bank loan payable in monthly installments of $12,550 including interest at 2.98%, due May 1, 2018 - 715,946 U.S. Bank loan payable in monthly installments of $27,800 including interest at 2.98%, due May 1, 2018 - 808,096 U.S. Bank loan payable in monthly installments of $11,700 including interest at 3.15%, due May 10, 2017 - 337,147 U.S. Bank loan payable in monthly installments of $5,556 including interest at 2.98%, due May 25, 2017 - 904,751 Bank Midwest loan payable in monthly installments of $17,271 including interest at 5.00%, due October 1, 2037 2,595,007 - Bank Midwest loan payable in monthly installments of $3,249 including interest at 5.00%, due October 1, 2019 599,584 - Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 374,900 512,935 Total term debt $ 3,569,491 $ 3,911,001 Less current portion of term debt 221,230 1,807,937 Term debt of discontinued operations 599,584 715,946 Term debt, excluding current portion $ 2,748,677 $ 1,387,118
Schedule of Maturities of Long-term Debt [Table Text Block]	Year : Amoun t 201 8 $ 230,448 201 9 819,662 202 0 174,644 202 1 92,102 2022 96,814 Thereafte r 2,155,821 $ 3,569,491

Note 13 - Equity Incentive Pl37

Note 13 - Equity Incentive Plan (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	201 7 201 6 Expected Volatility - - Expected Dividend Yield - - Expected Term (in years) - - Risk-Free Rate - -
Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options O utstanding at the Beginning of the Period 143,500 $ 8.78 Granted - - - Exercised - - - Options Expired or Forfeited (47,500 ) 10.84 Options O utstanding at the End of the Period 96,000 7.77 3.55 - Options Exer cisable at the End of the Period 96,000 7.77 3.55 - Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Options Outstanding at the Beginning of the Period 174,000 $ 8.39 - - Granted - - - - Exercised - - - - Options Expired or Forfeited (30,500 ) 6.39 - - Options Outstanding at the End of the Period 143,500 8.78 3.37 - Options Exercisable at the End of the Period 143,500 8.78 3.37 -

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	November 30, 2017 November 30, 2016 Current Expense (benefit) $ 15,360 $ (288,935 ) Deferred expense (benefit) (572,175 ) (29,939 ) $ (556,815 ) $ (318,874 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	November 30, 2017 November 30, 2016 Statutory federal income tax rate 34.0 % 34.0 % Valuation allowance on foreign net operating loss (7.8 ) 0.0 Permanent differences and other (0.7 ) (6.0 ) 25.5 % 28.0 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	November 30 2017 2016 Current deferred tax assets (liabilities): Accrued expenses $ 95,000 $ 110,000 Inventory capitalization 33,000 16,000 N et operating loss and tax credit carryforward 586,000 133,000 Asset reserves 746,000 808,000 Total current deferred tax assets $ 1,460,000 $ 1,067,000 Non-current deferred tax assets Property, plant, and equipment $ (559,000 ) $ (737,000 ) Total non-current deferred tax assets (liabilities) $ (559,000 ) $ (737,000 ) Net deferred taxes $ 901,000 $ 330,000

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	12 Months Ended
	Nov. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Twelve Months Ended November 30, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 15,407,000 $ 2,700,000 $ 2,608,000 $ 20,715,000 Income (loss) from operations (1,381,000 ) (313,000 ) (28,000 ) $ (1,722,000 ) Income (loss) before tax (1,371,000 ) (349,000 ) (73,000 ) $ (1,793,000 ) Total Assets 17,237,000 3,108,000 2,607,000 $ 22,952,000 Capital expenditures 303,000 121,000 90,000 $ 514,000 Depreciation & Amortization 506,000 69,000 127,000 $ 702,000 Twelve Months Ended November 30, 2016 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 15,756,000 $ 3,674,000 $ 2,128,000 $ 21,558,000 Income (loss) from operations (378,000 ) 88,000 (141,000 ) $ (431,000 ) Income (loss) before tax (403,000 ) 70,000 (189,000 ) $ (522,000 ) Total Assets 20,292,000 2,588,000 2,608,000 $ 25,488,000 Capital expenditures 212,000 - 62,000 $ 274,000 Depreciation & Amortization 487,000 61,000 124,000 $ 672,000

Note 1 - Summary of Significa40

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	Dec. 22, 2017	Dec. 31, 2018	Nov. 30, 2017	Nov. 30, 2016
Overdue Trade Receivables Interest Rate Percent of Account Balances Per Month			1.50%
Goodwill, Impairment Loss			$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			34.00%	34.00%
Sales Revenue, Goods, Gross			$ 184,000	$ 424,000
Research and Development Expense			183,000	140,000
Advertising Expense			$ 356,000	$ 420,000
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%
Subsequent Event [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Minimum [Member]
Property, Plant and Equipment, Useful Life			3 years
Minimum [Member] | Assets Leased to Others [Member]
Property, Plant and Equipment, Useful Life			3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life			40 years
Maximum [Member] | Assets Leased to Others [Member]
Property, Plant and Equipment, Useful Life			5 years

Note 1 - Summary of Significa41

Note 1 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Common Share (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Numerator for basic and diluted (loss) per common share:
Net (loss) from continuing operations	$ (1,369,359)	$ (426,182)
Net (loss) from discontinued operations	(267,722)	(395,152)
Net (loss)	$ (1,637,081)	$ (821,334)
Denominator:
For basic (loss) per share - weighted average common shares outstanding (in shares)	4,151,406	4,097,748
Effect of dilutive stock options (in shares)
For diluted (loss) per share - weighted average common shares outstanding (in shares)	4,151,406	4,097,748
(Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.33)	$ (0.10)
Discontinued Operations (in dollars per share)	(0.06)	(0.10)
Net (Loss) per share (in dollars per share)	(0.39)	(0.20)
(Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.33)	(0.10)
Discontinued Operations (in dollars per share)	(0.06)	(0.10)
Net (Loss) per share (in dollars per share)	$ (0.39)	$ (0.20)

Note 2 - Discontinued Operati42

Note 2 - Discontinued Operations (Details Textual) - Subsequent Event [Member]	1 Months Ended
	Jan. 31, 2018USD ($)
Real Estate Held for Sale, Sale Price Offer	$ 1,500,000
Impairment of Real Estate	289,000
Real Estate Held for Sale, Expected Proceeds	$ 1,425,000

Note 2 - Discontinued Operati43

Note 2 - Discontinued Operations - Income From Discontinued Operations Before Income Taxes (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Income (loss) before tax	$ (400,739)	$ (617,425)
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Revenue from external customers		1,598,330
Gross Profit		(198,567)
Asset Impairment	289,198
Total Operating Expense	357,709	399,503
Income (loss) from operations	(357,709)	(598,070)
Income (loss) before tax	$ (400,739)	$ (617,425)

Note 2 - Discontinued Operati44

Note 2 - Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Notes Payable	$ 599,584	$ 715,946
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Cash	2,454
Accounts Receivable - Net		9,700
Property, plant, and equipment, net	1,425,000	1,745,528
Assets of discontinued operations	1,427,454	1,755,228
Accounts payable		1,588
Accrued expenses	49,931	50,061
Notes Payable	599,584	715,945
Liabilities of discontinued operations	$ 649,515	$ 767,594

Note 3 - Allowance for Doubtf45

Note 3 - Allowance for Doubtful Accounts - Activity in the Allowance for Doubtful Accounts (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Balance, beginning	$ 22,746	$ 18,810
Bad debt expense	9,552	3,935
Less amounts charged-off	(1,635)	(989)
Balance, ending	$ 32,298	$ 22,746

Note 4 - Inventories - Major Cl

Note 4 - Inventories - Major Classes of Inventory (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Raw materials	$ 8,731,985	$ 8,568,624
Work in process	460,687	509,198
Finished goods	5,395,353	7,054,736
	14,588,025	16,132,558
Less: Reserves	(2,621,303)	(2,603,206)
	$ 11,966,722	$ 13,529,352

Note 5 - Contracts in Progres47

Note 5 - Contracts in Progress (Details Textual) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Contract Receivable Retainage	$ 37,052	$ 0

Note 5 - Contracts in Progres48

Note 5 - Contracts in Progress - Long-term Contracts (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Costs in Excess of Billings, Cost	$ 105,639	$ 121,118
Billings in Excess of Costs, Costs	612,370	159,717
Costs in Excess of Billings, Estimated Earnings	34,611	27,231
Billings in Excess of Costs, Estimated Earnings	173,764	65,471
Costs in Excess of Billings, Costs and Estimated Earnings	140,250	148,349
Billings in Excess of Costs, Costs and Estimated Earnings	786,134	225,188
Costs in Excess of Billings, Amounts Billed	(75,104)	(40,000)
Billings in Excess of Costs, Amounts Billed	(834,345)	(229,485)
Cost and Profit in Excess of Billings	65,146	108,349
Billings in Excess of Cost	$ (48,211)	$ (4,297)

Note 6 - Property, Plant, and49

Note 6 - Property, Plant, and Equipment (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Depreciation	$ 702,349	$ 671,967

Note 6 - Property, Plant, and50

Note 6 - Property, Plant, and Equipment - Major Classes of Property, Plant, and Equipment (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Property, plant and equipment, gross	$ 18,676,666	$ 19,742,993
Less accumulated depreciation	(12,729,709)	(12,355,806)
Property, plant and equipment	5,946,957	7,387,187
Land [Member]
Property, plant and equipment, gross	220,503	536,103
Building and Building Improvements [Member]
Property, plant and equipment, gross	6,966,550	7,859,477
Construction in Progress [Member]
Property, plant and equipment, gross	14,798	10,353
Machinery and Equipment [Member]
Property, plant and equipment, gross	10,932,085	10,772,933
Vehicles [Member]
Property, plant and equipment, gross	428,774	450,171
Furniture and Fixtures [Member]
Property, plant and equipment, gross	$ 113,956	$ 113,956

Note 7 - Assets Available for51

Note 7 - Assets Available for Sale and Assets Held for Lease (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Asset Impairment Charges	$ 70,000	$ 44,858
Ames, Iowa Powder Coat Print System [Member]
Asset Impairment Charges	$ 70,000	$ 44,858

Note 7 - Assets Available for52

Note 7 - Assets Available for Sale and Assets Held for Lease - Major Components Assets Available for Sale (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Assets available for sale		$ 70,000
Ames, Iowa Powder Coat Print System [Member]
Assets available for sale		$ 70,000

Note 7 - Assets Available for53

Note 7 - Assets Available for Sale and Assets Held for Lease - Summary of Assets Held for Lease (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Assets held for lease	$ 1,217,164
West Union Facility [Member]
Assets held for lease	1,118,330
Modular Buildings [Member]
Assets held for lease	$ 98,834

Note 8 - Accrued Expenses - Maj

Note 8 - Accrued Expenses - Major Components Of Accrued Expenses (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Salaries, wages, and commissions	$ 584,768	$ 542,449
Accrued warranty expense	68,451	134,373
Other	328,339	342,234
Total accrued liabilities, current	$ 981,558	$ 1,019,056

Note 9 - Product Warranty (Deta

Note 9 - Product Warranty (Details Textual)	12 Months Ended
	Nov. 30, 2017
Standard Product Warrant Term	1 year

Note 9 - Product Warranty - Cha

Note 9 - Product Warranty - Changes In Product Warranty Liability (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Balance, beginning	$ 134,373	$ 176,531
Settlements / adjustments	(276,667)	(246,235)
Warranties issued	210,745	204,077
Balance, ending	$ 68,451	$ 134,373

Note 10 - Loan and Credit Agr57

Note 10 - Loan and Credit Agreements (Details Textual)	Sep. 28, 2017USD ($)	Nov. 30, 2017USD ($)	Nov. 30, 2016USD ($)	Feb. 01, 2013	May 01, 2010USD ($)
Long-term Debt		$ 3,569,491	$ 3,911,001
Repayments of Lines of Credit		4,992,114
Term Loan Due October 2037 [Member]
Long-term Debt		$ 2,595,007
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Periodic Payment		$ 17,271
Term Loan Due October 2019 [Member]
Long-term Debt		$ 599,584
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Periodic Payment		$ 3,249
Iowa Finance Authority Term Loan [Member]
Long-term Debt		$ 374,900	$ 512,935
Debt Instrument, Interest Rate, Stated Percentage		2.75%	2.75%
Debt Instrument, Periodic Payment		$ 12,500	$ 12,500
Bank Midwest [Member]
Long-term Line of Credit		2,462,530
Line of Credit Facility, Remaining Borrowing Capacity		$ 2,537,470
Line of Credit, Borrowing Base, Accounts Receivable		75.00%
Line of Credit, Borrowing Base, Inventory		50.00%
Debt Instrument, Covenant, Minimum Working Capital Ratio	1.75
Debt Instrument, Covenant, Minimum Working Capital	$ 5,100,000
Debt Instrument, Covenant, Maximum Debt to Worth Ratio	1
Debt Instrument, Covenant, Minimum Tangible Balance Sheet Equity, Percentage	40.00%
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio	1.25
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio, Tolerance	0.1
Bank Midwest [Member] | Term Loan Due October 2037 [Member]
Long-term Debt	$ 2,600,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Periodic Payment	$ 17,270.57
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | United States Department of Agriculture [Member]
Upfront Guarantee Fee	$ 62,400
Guarantee Fee, Annual Fee, Percentage	0.50%
Guarantee Requirement, Personally Guarantee, Shareholders Ownership Percentage	20.00%
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | J. Ward McConnell Jr. [Member]
Personally Guaranteed, Percentage of Loan	38.00%
Personally Guaranteed, Fee, Percentage of Guaranteed Amount	2.00%
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage	4.15%
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | Wall Street Journal Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Bank Midwest [Member] | Term Loan Due October 2019 [Member]
Long-term Debt	$ 600,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Periodic Payment	$ 3,249
Bank Midwest [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000
Line of Credit Facility, Interest Rate During Period	5.25%
Bank Midwest [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Interest Rate During Period	4.25%
Bank Midwest [Member] | Revolving Credit Facility [Member] | Wall Street Journal Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
US Bank [Member]
Repayments of Lines of Credit	$ 6,562,030
Repayments of Lines of Credit, Unpaid Principal	6,528,223
Repayments of Lines of Credit, Accrued and Unpaid Interest and Fees	$ 33,807
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 10 - Loan and Credit Agr58

Note 10 - Loan and Credit Agreements - Summary of Term Debt (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Term debt	$ 3,569,491	$ 3,911,001
Less current portion of term debt	221,230	1,807,937
Term debt of discontinued operations	599,584	715,946
Term debt, excluding current portion	2,748,677	1,387,118
US Bank Loan 1 [Member]
Term debt		632,126
US Bank Loan 2 [Member]
Term debt		715,946
US Bank Loan 3 [Member]
Term debt		808,096
US Bank Loan 4 [Member]
Term debt		337,147
US Bank Loan 5 [Member]
Term debt		904,751
Term Loan Due October 2037 [Member]
Term debt	2,595,007
Term Loan Due October 2019 [Member]
Term debt	599,584
Iowa Finance Authority Term Loan [Member]
Term debt	$ 374,900	$ 512,935

Note 10 - Loan and Credit Agr59

Note 10 - Loan and Credit Agreements - Summary of Term Debt (Details) (Parentheticals) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
US Bank Loan 1 [Member]
Debt instrument, periodic payment		$ 11,000
Debt instrument, interest rate, stated percentage		2.98%
US Bank Loan 2 [Member]
Debt instrument, periodic payment		$ 12,550
Debt instrument, interest rate, stated percentage		2.98%
US Bank Loan 3 [Member]
Debt instrument, periodic payment		$ 27,800
Debt instrument, interest rate, stated percentage		2.98%
US Bank Loan 4 [Member]
Debt instrument, periodic payment		$ 11,700
Debt instrument, interest rate, stated percentage		3.15%
US Bank Loan 5 [Member]
Debt instrument, periodic payment		$ 5,556
Debt instrument, interest rate, stated percentage		2.98%
Term Loan Due October 2037 [Member]
Debt instrument, periodic payment	$ 17,271
Debt instrument, interest rate, stated percentage	5.00%
Term Loan Due October 2019 [Member]
Debt instrument, periodic payment	$ 3,249
Debt instrument, interest rate, stated percentage	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 10 - Loan and Credit Agr60

Note 10 - Loan and Credit Agreements - Summary of the Minimum Maturities of Term Debt (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
2,018	$ 230,448
2,019	819,662
2,020	174,644
2,021	92,102
2,022	96,814
Thereafter	2,155,821
Term debt	$ 3,569,491	$ 3,911,001

Note 11 - Related Party Trans61

Note 11 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Revenue from Related Parties	$ 0	$ 0
Due from Related Parties	0	0
Related Party Transaction, Expenses from Transactions with Related Party	8,281	2,937
Due to Related Parties	$ 1,621	$ 0
J. Ward McConnell Jr. [Member]
Related Party, Ownership Percentage	20.00%

Note 12 - Employee Benefit Pl62

Note 12 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	25.00%
Defined Contribution Plan Minimum Threshold Percentage of Employee Contributions	4.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
Defined Contribution Plan, Cost	$ 34,523	$ 37,606

Note 13 - Equity Incentive Pl63

Note 13 - Equity Incentive Plan (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Jan. 27, 2011
Allocated Share-based Compensation Expense	$ 113,039	$ 79,979
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	68,886	88,278
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	0	5,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 1.14
Proceeds from Stock Options Exercised	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
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
Employee Stock Option [Member]
Allocated Share-based Compensation Expense		$ 3,881
Restricted Stock [Member]
Allocated Share-based Compensation Expense	$ 113,039	$ 76,098
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	53,700	48,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	22,550	12,550
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	4,000	0

Note 13 - Equity Incentive Pl64

Note 13 - Equity Incentive Plan - Fair Value Assumptions (Details)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Expected Volatility
Expected Dividend Yield
Expected Term (in years) (Year)
Risk-Free Rate

Note 13 - Equity Incentive Pl65

Note 13 - Equity Incentive Plan - Option Activity (Details) - $ / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Options Outstanding at Beginning of Period, Shares (in shares)	143,500	174,000
Options Outstanding at Beginning of Period, Weighted Average Exercise Price (in dollars per share)	$ 8.78	$ 8.39
Granted, Shares (in shares)	0	0
Granted, Weighted Average Exercise Price (in dollars per share)
Exercised, Shares (in shares)
Exercised, Weighted Average Exercise Price (in dollars per share)
Options Expired or Forfeited, Shares (in shares)	(47,500)	(30,500)
Options Expired or Forfeited, Weighted Average Exercise Price (in dollars per share)	$ 10.84	$ 6.39
Options Outstanding at the End of the Period, Shares (in shares)	96,000	143,500
Options Outstanding at the End of the Period, Weighted Average Exercise Price (in dollars per share)	$ 7.77	$ 8.78
Options Outstanding at the End of the Period, Weighted Average Remaining Contractual Term (Year)	3 years 200 days	3 years 135 days
Options Exercisable at the End of the Period, Shares (in shares)	96,000	143,500
Options Exercisable at the End of the Period, Weighted Average Exercise Price (in dollars per share)	$ 7.77	$ 8.78
Options Exercisable at the End of the Period, Weighted Average Remaining Contractual Term (Year)	3 years 200 days	3 years 135 days

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($)	Dec. 22, 2017	Dec. 31, 2018	Nov. 30, 2017	Nov. 30, 2016
Deferred Tax Assets, Valuation Allowance				$ 75,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			34.00%	34.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%
Subsequent Event [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Domestic Tax Authority [Member]
Operating Loss Carryforwards			$ 1,800,000
Tax Credit Carryforward, Amount			$ 105,000

Note 14 - Income Taxes - Income

Note 14 - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Current Expense (benefit)	$ 15,360	$ (288,935)
Deferred expense (benefit)	(572,175)	(29,939)
Total	$ (556,815)	$ (318,874)

Note 14 - Income Taxes - Reconc

Note 14 - Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate (Details)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Statutory federal income tax rate	34.00%	34.00%
Valuation allowance on foreign net operating loss	(7.80%)	0.00%
Permanent differences and other	(0.70%)	(6.00%)
Total	25.50%	28.00%

Note 14 - Income Taxes - Deferr

Note 14 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Accrued expenses	$ 95,000	$ 110,000
Inventory capitalization	33,000	16,000
Net operating loss and tax credit carryforward	586,000	133,000
Asset reserves	746,000	808,000
Total current deferred tax assets	1,460,000	1,067,000
Property, plant, and equipment	(559,000)	(737,000)
Total non-current deferred tax assets (liabilities)	(559,000)	(737,000)
Net deferred taxes	$ 901,000	$ 330,000

Note 17 - Segment Information70

Note 17 - Segment Information (Details Textual)	12 Months Ended
	Nov. 30, 2017
Number of Reportable Segments	3

Note 17 - Segment Information -

Note 17 - Segment Information - Segment Reporting Information (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Revenue from external customers	$ 20,715,080	$ 21,557,649
Income (loss) from operations	(1,722,042)	(431,447)
Total Assets	24,379,833	27,242,590
Capital expenditures	513,614	274,089
Depreciation & Amortization	702,349	671,967
Operating Segments [Member]
Revenue from external customers	20,715,000	21,558,000
Income (loss) from operations	(1,722,000)	(431,000)
Income (loss) before tax	(1,793,000)	(522,000)
Total Assets	22,952,000	25,488,000
Capital expenditures	514,000	274,000
Depreciation & Amortization	702,000	672,000
Operating Segments [Member] | Agricultural Products [Member]
Revenue from external customers	15,407,000	15,756,000
Income (loss) from operations	(1,381,000)	(378,000)
Income (loss) before tax	(1,371,000)	(403,000)
Total Assets	17,237,000	20,292,000
Capital expenditures	303,000	212,000
Depreciation & Amortization	506,000	487,000
Operating Segments [Member] | Modular Buildings [Member]
Revenue from external customers	2,700,000	3,674,000
Income (loss) from operations	(313,000)	88,000
Income (loss) before tax	(349,000)	70,000
Total Assets	3,108,000	2,588,000
Capital expenditures	121,000
Depreciation & Amortization	69,000	61,000
Operating Segments [Member] | Tools [Member]
Revenue from external customers	2,608,000	2,128,000
Income (loss) from operations	(28,000)	(141,000)
Income (loss) before tax	(73,000)	(189,000)
Total Assets	2,607,000	2,608,000
Capital expenditures	90,000	62,000
Depreciation & Amortization	$ 127,000	$ 124,000