Art's-Way Manufacturing (ARTW) 10-Q 2 Apr 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Feb. 28, 2018	Mar. 30, 2018
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)		4,200,466
Document Type	10-Q
Document Period End Date	Feb. 28, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Current assets:
Cash	$ 92,814	$ 212,400
Accounts receivable-customers, net of allowance for doubtful accounts of $16,165 and $32,298 in 2018 and 2017, respectively	1,827,102	1,910,294
Inventories, net	11,068,505	11,966,722
Cost and profit in excess of billings	2,778	65,146
Net investment in sales-type leases, current	119,512
Assets of discontinued operations	4,855	2,454
Other current assets	425,263	275,755
Total current assets	13,540,829	14,432,771
Property, plant, and equipment, net	5,818,795	5,946,957
Assets held for lease, net	1,201,515	1,217,164
Deferred income taxes	693,751	901,396
Goodwill	375,000	375,000
Net investment in sales-type leases, long-term	255,943
Other assets of discontinued operations	1,425,000	1,425,000
Other assets	80,478	81,545
Total assets	23,391,311	24,379,833
Current liabilities:
Line of credit	1,960,530	2,462,530
Current portion of long-term debt	222,475	221,230
Accounts payable	929,474	673,653
Customer deposits	622,597	600,325
Billings in Excess of Cost and Profit	11,908	48,211
Accrued expenses	864,289	981,558
Liabilites of discontinued operations	49,211	59,149
Income taxes payable	3,100	3,100
Total current liabilities	4,663,584	5,049,756
Long-term liabilities
Long-term liabilities of discontinued operations	587,989	590,366
Long-term debt, excluding current portion	2,693,606	2,748,677
Total liabilities	7,945,179	8,388,799
Commitments and Contingencies (Notes 8 and 9)
Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2018 and 2017; issued 0 shares in 2018 and 2017.
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2018 and 2017; issued 4,209,752 in 2018 and 4,158,752 in 2017	42,097	41,587
Additional paid-in capital	2,908,100	2,859,052
Retained earnings	12,787,378	13,353,830
Accumulated other comprehensive expense	(263,708)	(257,010)
Treasury stock, at cost (9,286 in 2018 and 1,954 in 2017 shares)	(27,735)	(6,425)
Total stockholders’ equity	15,446,132	15,991,034
Total liabilities and stockholders’ equity	$ 23,391,311	$ 24,379,833

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Allowance for doubtful accounts	$ 16,165	$ 32,298
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
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)	4,209,752	4,158,752
Treasury stock (in shares)	9,286	1,954

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Sales	$ 5,365,536	$ 4,421,168
Cost of goods sold	4,245,729	3,307,345
Gross profit	1,119,807	1,113,823
Expenses:
Engineering	129,064	132,640
Selling	450,961	485,380
General and administrative	848,503	848,236
Total expenses	1,428,528	1,466,256
Income (Loss) from operations	(308,721)	(352,433)
Other income (expense):
Interest expense	(69,676)	(63,794)
Other	72,572	51,674
Total other income (expense)	2,896	(12,120)
Income (Loss) from continuing operations before income taxes	(305,825)	(364,553)
Income tax expense (benefit)	221,573	(110,911)
Income (Loss) from continuing operations	(527,398)	(253,642)
Discontinued Operations
Income (loss) from operations of discontinued segment	(51,590)	4,877
Income tax expense (benefit)	(12,536)	1,264
Income (Loss) on discontinued operations	(39,054)	3,613
Net Income (Loss)	$ (566,452)	$ (250,029)
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.13)	$ (0.06)
Discontinued Operations (in dollars per share)	(0.01)	0
Net Income (Loss) per share (in dollars per share)	(0.14)	(0.06)
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.13)	(0.06)
Discontinued Operations (in dollars per share)	(0.01)	0
Net Income (Loss) per share (in dollars per share)	$ (0.14)	$ (0.06)
Weighted average outstanding shares used to compute basic net income per share (in shares)	4,170,818	4,126,012
Weighted average outstanding shares used to compute diluted net income per share (in shares)	4,170,818	4,126,012

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Net Income (Loss)	$ (566,452)	$ (250,029)
Other Comprehensive Income (Loss)
Foreign currency translation adjustsments	(6,698)	11,022
Total Other Comprehensive Income (Loss)	(6,698)	11,022
Comprehensive (Loss)	$ (573,150)	$ (239,007)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Cash flows from operations:
Net (loss) from continuing operations	$ (527,398)	$ (253,642)
Net income (loss) from discontinued operations	(39,054)	3,613
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Stock based compensation	49,558	26,557
Unrealized foreign currency gain (loss)	(6,698)	11,022
(Gain)/Loss on disposal of property, plant, and equipment	(8,896)	2,463
Depreciation and amortization expense	189,654	170,789
Bad debt expense	(16,002)	5,601
Deferred income taxes	207,645	(107,034)
Changes in assets and liabilities:
Accounts receivable	99,194	(44,089)
Inventories	898,217	295,975
Income taxes receivable		(5,537)
Net investment in sales-type leases	(375,455)
Other assets	(150,301)	(255,629)
Accounts payable	255,821	80,634
Contracts in progress, net	26,065	59,422
Customer deposits	22,272	503,702
Accrued expenses	(117,269)	(166,649)
Net cash provided by operating activities - continuing operations	546,407	323,585
Net cash (used in) operating activities - discontinued operations	(51,509)	(22,039)
Net cash provided by operating activities	494,898	301,546
Cash flows from investing activities:
Purchases of property, plant, and equipment	(64,401)	(195,020)
Net proceeds from sale of assets	29,316	12,190
Net cash (used in) investing activities - continuing operations	(35,085)	(182,830)
Net cash provided by investing activities - discontinued operations		38,736
Net cash (used in) investing activities	(35,085)	(144,094)
Cash flows from financing activities:
Net change in line of credit	502,000	250,000
Repayment of term debt	(53,827)	(182,119)
Repurchases of common stock	(21,310)	(5,989)
Net cash (used in) financing activities - continuing operations	(577,137)	(438,108)
Net cash (used in) financing activities - discontinued operations	(2,262)	(32,281)
Net cash (used in) financing activities	(579,399)	(470,389)
Net increase (decrease) in cash	(119,586)	(312,937)
Cash at beginning of period	212,400	1,063,716
Cash at end of period	92,814	750,779
Supplemental disclosures of cash flow information:
Interest	48,506	71,338
Income taxes	$ 838	$ 3,125

Note 1 - Description of the Com

Note 1 - Description of the Company	3 Months Ended
	Feb. 28, 2018
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 The Company began operations as a farm equipment manufacturer in 1956. The Company has organized its business into three third 2016, 3 16

Note 2 - Summary of Significant

Note 2 - Summary of Significant Account Policies	3 Months Ended
	Feb. 28, 2018
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, 2017 . The results of operations for the three February 28, 2018 not November 30, 2018 . The financial books of the Company’s Canadian operation are kept in the functional currency of Canadian dollars and the financial statements are converted to U.S. Dollars for consolidation. When consolidating the financial results of the Company into U.S. Dollars for reporting purposes, the Company uses the All-Current translation method. The All-Current method requires the balance sheet assets and liabilities to be translated to U.S. Dollars at the exchange rate as of quarter end. Stockholders’ equity is translated at historical exchange rates and retained earnings are translated at an average exchange rate for the period. Additionally, revenue and expenses are translated at average exchange rates for the periods presented. The resulting cumulative translation adjustment is carried on the balance sheet and is recorded in stockholders’ equity for 2018. no not Sales-Type Leases The Company leases modular buildings to certain customers and accounts for these transactions as sales-type leases. These leases have terms of up to 36 The lessee has a bargain purchase option available at the end of the lease term. A minimum lease receivable is recorded net of unearned interest income and profit on sale at the time the building is available for occupancy. Profit related to the sale of the building is recorded upon occupancy. 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 disclo sure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 28, 2018.

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3 Discontinued Operations Effective October 31 , 2016, . In January 2018, $1,500,000, $289,000 November 30, 2017, $1,425,000, 29, 2018 $1,500,000. As Vessels was a unique business unit of the Company, its liquidation was a strategic shift. In accordance with Accounting Standard Code Topic 360, Income from discontinued operations, before income taxes in the accompanying Condensed Consolidated Statements of Operations is comprised of the following: Three Months Ended February 28, 2018 February 28, 2017 Revenue from external customers $ - $ - Gross Profit - - Operating Expense 43,458 32 Income (loss) from operations (43,458 ) (32 ) Income (loss) before tax (51,590 ) 4,877 The components of discontinued operations in the accompanying Condensed Consolidated Balance Sheets are as follows: February 28, 2018 November 30, 2017 Cash $ 4,855 $ 2,454 Property, plant, and equipment, net 1,425,000 1,425,000 Assets of discontinued operations $ 1,429,855 $ 1,427,454 Accounts payable $ 655 $ - Accrued expenses 39,222 49,931 Notes Payable 597,323 599,584 Liabilities of discontinued operations $ 637,200 $ 649,515

Note 4 - Net Income (Loss) Per

Note 4 - Net Income (Loss) Per Share of Common Stock	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	4 Net Income (Loss) Per Share of Common Stock Basic net income (loss) per common share has been computed on the basis of the weighted average number of common shares outstanding. Diluted net income (loss) per share has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming exercise of stock options. Potential shares of common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings (loss) per common share . Basic and diluted earnings (loss) per common share have been computed based on the following as of February 28, 2018 February 28, 2017: For the three months ended February 28, 2018 February 28, 2017 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (527,398 ) $ (253,642 ) Net (loss) income from discontinued operations (39,054 ) 3,613 Net (loss) income $ (566,452 ) $ (250,029 ) Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,170,818 4,126,012 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,170,818 4,126,012 Earnings (Loss) per share - Basic: Continuing Operations $ (0.13 ) $ (0.06 ) Discontinued Operations $ (0.01 ) $ 0.00 Net Income (Loss) per share $ (0.14 ) $ (0.06 ) Earnings (Loss) per share - Diluted: Continuing Operations $ (0.13 ) $ (0.06 ) Discontinued Operations $ (0.01 ) $ 0.00 Net Income (Loss) per share $ (0.14 ) $ (0.06 )

Note 5 - Inventory

Note 5 - Inventory	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	5 Inventory Major classes of inventory are: February 28, 2018 November 30, 2017 Raw materials $ 8,275,782 $ 8,731,985 Work in process 742,276 460,687 Finished goods 4,618,064 5,395,353 Gross inventory $ 13,636,122 $ 14,588,025 Less: Reserves (2,567,617 ) (2,621,303 ) Net Inventory $ 11,068,505 $ 11,966,722

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	6 Accrued Expenses Major components of accrued expenses are: February 28, 2018 November 30, 2017 Salaries, wages, and commissions $ 485,592 $ 584,768 Accrued warranty expense 54,135 68,451 Other 324,562 328,339 $ 864,289 $ 981,558

Note 7 - Assets Held for Lease

Note 7 - Assets Held for Lease	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	7 Assets Held for Lease Major components of assets held for lease are: February 28, 2018 November 30, 2017 West Union Facility $ 1,111,946 $ 1,118,330 Modular Buildings 89,569 98,834 Net assets held for lease $ 1,201,515 $ 1,217,164

Note 8 - Product Warranty

Note 8 - Product Warranty	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	8 Product Warranty The Company offers warranties of various lengths to its customers depending on the specific product and terms of th e customer purchase agreement. The average length of the warranty period is one no may no not 6 three February 28, 2018 February 28, 2017 For the three months ended February 28, 2018 February 28, 2017 Balance, beginning $ 68,451 $ 134,373 Settlements / adjustments (82,673 ) (72,949 ) Warranties issued 68,357 64,248 Balance, ending $ 54,135 $ 125,672

Note 9 - Loan and Credit Agreem

Note 9 - Loan and Credit Agreements	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	9 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 o f Credit, Term Loans , and Covenants On September 28, 2017, ’s previous credit facility with U.S. Bank. The Bank Midwest credit facility consists of a $5,000,000 $2,600,000 October 1, 2037, $600,000 October 1, 2019. $6,562,030, $6,528,223 $33,807 . On February 28, 2018, $1,960,530 $3,039,470 75% 50% 1.000% 4.250% 5.250% March 30, 2018. no March 30, 2019. The $2,600,000 5.000% first sixty 0.750% 4.150% may five $17,271 is also guaranteed by the United States Department of Agriculture (“USDA”), which requires an upfront guarantee fee of $62,400 0.5% 20% 38% 2% $600,000 5.000%, $3,249 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 ’s-Way Inc. has granted Bank Midwest a mortgage on its property located in Canton, Ohio. The $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 Compliance with Bank Midwest convenants is measured annually at November 30. Bank Midwest 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 November 30, 2017 no November 30, 2018. The Company is also required to 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 covenants except for the debt service coverage ratio covenant as measured on November 30, 2017. November 30, 2018. A summary of the Company ’s term debt is as follows: February 28, 2018 November 30, 2017 Bank Midwest loan payable in monthly installments of $17,271 including interest at 5.00%, due October 1, 2037 $ 2,576,273 $ 2,595,007 Bank Midwest loan payable in monthly installments of $3,249 including interest at 5.00%, due October 1, 2019 597,323 599,584 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 339,808 374,900 Total term debt $ 3,513,404 $ 3,569,491 Less current portion of term debt 222,475 221,230 Term debt of discontinued operations 597,323 599,584 Term debt, excluding current portion $ 2,693,606 $ 2,748,677

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10 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. On December 22, 2017, 2017 35% 21%. December 31, 2017. first 2018. Tax expense from continuing operations includes an adjustment of approximately $300,000

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	11 Related Party Transactions During the first 201 8, $5,001 $0 first 2017 . The accrued expenses balance as of February 28, 2018 $1,663 $0 2017 .

Note 12 - Sales-type Leases

Note 12 - Sales-type Leases	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Capital Leases in Financial Statements of Lessor Disclosure [Text Block]	12 Sales-type leases The components related to sales-type leases at February 28, 2018 November 30, 2017 February 28, 2018 November 30, 2017 Minimum lease receivable, current $ 176,925 $ - Unearned interest income, current (57,413 ) - Net investment in sales-type leases, current 119,512 - Minimum lease receivable, long-term 298,777 - Unearned interest income, long-term (42,834 ) - Net investment in sales-type leases, long-term $ 255,943 $ - The profit recognized in continuing operations on the condensed consolidated statements of operations from commencement of sales-type leases in the three February 28, 2018 $129,104 $0 2017. Future minimum lease receipts are as follows: Year Ending November 30, Amount 2018 $ 133,425 2019 174,000 2020 162,425 2021 5,852 2022 - Thereafter - Total $ 475,702

Note 13 - Recently Issued Accou

Note 13 - Recently Issued Accounting Pronouncements	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	13 Recently Issued Accounting Pronouncements Accounting Pronouncements Not Revenue from Contracts with Customers In May 2014, he FASB issued ASU No. 2014 09, 605 2014 09 December 15, 2017, not Leases In February 2016, B issued ASU 2016 02, 842 twelve December 15, 2018, November 30, 2020

Note 14 - Equity Incentive Plan

Note 14 - Equity Incentive Plan and Stock Based Compensation	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	14 Equity Incentive Plan and Stock Based Compensation On January 27, 2011, ’s-Way Manufacturing Co., Inc. 2011 “2011 2011 April 28, 2011. no 2011 The 2011 ), directors, and consultants. The Board of Directors has approved a director compensation policy pursuant to which non-employee directors are automatically granted restricted stock awards of 1,000 1,000 first three 2018, 45,000 three 6,000 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 ov er the relevant vesting period. The Company estimates 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 February 28, 2018 2017. $49,558 three February 28, 2018, $26,557 2017 .

Note 15 - Disclosures About the

Note 15 - Disclosures About the Fair Value of Financial Instruments	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	15 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 e xchanged in a current transaction between willing parties. At February 28, 2018, November 30, 2017, The rates implicit in the lease do not The fair value of the Company’s installment term loans payable also approximate recorded value because the interest rates charged under the loan terms are not

Note 16 - Segment Information

Note 16 - Segment Information	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16 Segment Information There are three , modular buildings and tools. The agricultural products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. The modular buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The tools segment manufactures steel cutting tools and inserts. The accounting policies applied to determine the segment information are the same as those described in the summary of si gnificant 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 rep ortable segments is as follows. The tables below exclude income and balance sheet data from discontinued operations. See Note 3 Three Months Ended February 28, 2018 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,929,000 $ 739,000 $ 697,000 $ 5,365,000 Income (loss) from operations (275,000 ) (60,000 ) 26,000 $ (309,000 ) Income (loss) before tax (270,000 ) (52,000 ) 16,000 $ (306,000 ) Total Assets 16,246,000 3,154,000 2,561,000 $ 21,961,000 Capital expenditures 29,000 35,000 - $ 64,000 Depreciation & Amortization 133,000 25,000 32,000 $ 190,000 Three Months Ended February 28, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,368,000 $ 388,000 $ 665,000 $ 4,421,000 Income (loss) from operations (220,000 ) (154,000 ) 21,000 $ (353,000 ) Income (loss) before tax (217,000 ) (158,000 ) 11,000 $ (364,000 ) Total Assets 19,063,000 2,849,000 2,657,000 $ 24,569,000 Capital expenditures 129,000 - 66,000 $ 195,000 Depreciation & Amortization 125,000 15,000 31,000 $ 171,000 * The consolidated total in the table is a sum of segment figures and may not

Note 17 - Subsequent Event

Note 17 - Subsequent Event	3 Months Ended
	Feb. 28, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	17 Subsequent Event Management evaluated all other activity of the Company and concluded that no 3 9

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Feb. 28, 2018
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, 2017 . The results of operations for the three February 28, 2018 not November 30, 2018 . The financial books of the Company’s Canadian operation are kept in the functional currency of Canadian dollars and the financial statements are converted to U.S. Dollars for consolidation. When consolidating the financial results of the Company into U.S. Dollars for reporting purposes, the Company uses the All-Current translation method. The All-Current method requires the balance sheet assets and liabilities to be translated to U.S. Dollars at the exchange rate as of quarter end. Stockholders’ equity is translated at historical exchange rates and retained earnings are translated at an average exchange rate for the period. Additionally, revenue and expenses are translated at average exchange rates for the periods presented. The resulting cumulative translation adjustment is carried on the balance sheet and is recorded in stockholders’ equity for 2018. no not
Lessor, Leases [Policy Text Block]	Sales-Type Leases The Company leases modular buildings to certain customers and accounts for these transactions as sales-type leases. These leases have terms of up to 36 The lessee has a bargain purchase option available at the end of the lease term. A minimum lease receivable is recorded net of unearned interest income and profit on sale at the time the building is available for occupancy. Profit related to the sale of the building is recorded upon occupancy.
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 disclo sure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 28, 2018.

Note 3 - Discontinued Operati25

Note 3 - Discontinued Operations (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]	Three Months Ended February 28, 2018 February 28, 2017 Revenue from external customers $ - $ - Gross Profit - - Operating Expense 43,458 32 Income (loss) from operations (43,458 ) (32 ) Income (loss) before tax (51,590 ) 4,877
Disposal Groups, Including Discontinued Operations [Table Text Block]	February 28, 2018 November 30, 2017 Cash $ 4,855 $ 2,454 Property, plant, and equipment, net 1,425,000 1,425,000 Assets of discontinued operations $ 1,429,855 $ 1,427,454 Accounts payable $ 655 $ - Accrued expenses 39,222 49,931 Notes Payable 597,323 599,584 Liabilities of discontinued operations $ 637,200 $ 649,515

Note 4 - Net Income (Loss) Pe26

Note 4 - Net Income (Loss) Per Share of Common Stock (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended February 28, 2018 February 28, 2017 Numerator for basic and diluted (loss) earnings per common share: Net (loss) income from continuing operations $ (527,398 ) $ (253,642 ) Net (loss) income from discontinued operations (39,054 ) 3,613 Net (loss) income $ (566,452 ) $ (250,029 ) Denominator: For basic (loss) earnings per share - weighted average common shares outstanding 4,170,818 4,126,012 Effect of dilutive stock options - - For diluted (loss) earnings per share - weighted average common shares outstanding 4,170,818 4,126,012 Earnings (Loss) per share - Basic: Continuing Operations $ (0.13 ) $ (0.06 ) Discontinued Operations $ (0.01 ) $ 0.00 Net Income (Loss) per share $ (0.14 ) $ (0.06 ) Earnings (Loss) per share - Diluted: Continuing Operations $ (0.13 ) $ (0.06 ) Discontinued Operations $ (0.01 ) $ 0.00 Net Income (Loss) per share $ (0.14 ) $ (0.06 )

Note 5 - Inventory (Tables)

Note 5 - Inventory (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	February 28, 2018 November 30, 2017 Raw materials $ 8,275,782 $ 8,731,985 Work in process 742,276 460,687 Finished goods 4,618,064 5,395,353 Gross inventory $ 13,636,122 $ 14,588,025 Less: Reserves (2,567,617 ) (2,621,303 ) Net Inventory $ 11,068,505 $ 11,966,722

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	February 28, 2018 November 30, 2017 Salaries, wages, and commissions $ 485,592 $ 584,768 Accrued warranty expense 54,135 68,451 Other 324,562 328,339 $ 864,289 $ 981,558

Note 7 - Assets Held for Lease

Note 7 - Assets Held for Lease (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Property Subject to or Available for Operating Lease [Table Text Block]	February 28, 2018 November 30, 2017 West Union Facility $ 1,111,946 $ 1,118,330 Modular Buildings 89,569 98,834 Net assets held for lease $ 1,201,515 $ 1,217,164

Note 8 - Product Warranty (Tabl

Note 8 - Product Warranty (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the three months ended February 28, 2018 February 28, 2017 Balance, beginning $ 68,451 $ 134,373 Settlements / adjustments (82,673 ) (72,949 ) Warranties issued 68,357 64,248 Balance, ending $ 54,135 $ 125,672

Note 9 - Loan and Credit Agre31

Note 9 - Loan and Credit Agreements (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Debt [Table Text Block]	February 28, 2018 November 30, 2017 Bank Midwest loan payable in monthly installments of $17,271 including interest at 5.00%, due October 1, 2037 $ 2,576,273 $ 2,595,007 Bank Midwest loan payable in monthly installments of $3,249 including interest at 5.00%, due October 1, 2019 597,323 599,584 Iowa Finance Authority loan payable in monthly installments of $12,500 including interest at 2.75%, due June 1, 2020 339,808 374,900 Total term debt $ 3,513,404 $ 3,569,491 Less current portion of term debt 222,475 221,230 Term debt of discontinued operations 597,323 599,584 Term debt, excluding current portion $ 2,693,606 $ 2,748,677

Note 12 - Sales-type Leases (Ta

Note 12 - Sales-type Leases (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Sales-type Leases [Table Text Block]	February 28, 2018 November 30, 2017 Minimum lease receivable, current $ 176,925 $ - Unearned interest income, current (57,413 ) - Net investment in sales-type leases, current 119,512 - Minimum lease receivable, long-term 298,777 - Unearned interest income, long-term (42,834 ) - Net investment in sales-type leases, long-term $ 255,943 $ -
Sales-type Leases, Lease Receivable Maturity [Table Text Block]	Year Ending November 30, Amount 2018 $ 133,425 2019 174,000 2020 162,425 2021 5,852 2022 - Thereafter - Total $ 475,702

Note 16 - Segment Information (

Note 16 - Segment Information (Tables)	3 Months Ended
	Feb. 28, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended February 28, 2018 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,929,000 $ 739,000 $ 697,000 $ 5,365,000 Income (loss) from operations (275,000 ) (60,000 ) 26,000 $ (309,000 ) Income (loss) before tax (270,000 ) (52,000 ) 16,000 $ (306,000 ) Total Assets 16,246,000 3,154,000 2,561,000 $ 21,961,000 Capital expenditures 29,000 35,000 - $ 64,000 Depreciation & Amortization 133,000 25,000 32,000 $ 190,000 Three Months Ended February 28, 2017 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 3,368,000 $ 388,000 $ 665,000 $ 4,421,000 Income (loss) from operations (220,000 ) (154,000 ) 21,000 $ (353,000 ) Income (loss) before tax (217,000 ) (158,000 ) 11,000 $ (364,000 ) Total Assets 19,063,000 2,849,000 2,657,000 $ 24,569,000 Capital expenditures 129,000 - 66,000 $ 195,000 Depreciation & Amortization 125,000 15,000 31,000 $ 171,000

Note 1 - Description of the C34

Note 1 - Description of the Company (Details Textual)	3 Months Ended
	Feb. 28, 2018
Number of Operating Segments	3

Note 2 - Summary of Significa35

Note 2 - Summary of Significant Account Policies (Details Textual)	3 Months Ended
	Feb. 28, 2018
Maximum [Member]
Lessor, Capital Lease, Term of Contract	3 years

Note 3 - Discontinued Operati36

Note 3 - Discontinued Operations (Details Textual)	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 3 - Discontinued Operati37

Note 3 - Discontinued Operations - Income From Discontinued Operations Before Income Taxes (Details) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Income (loss) before tax	$ (51,590)	$ 4,877
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Revenue from external customers
Gross Profit
Operating Expense	43,458	32
Income (loss) from operations	(43,458)	(32)
Income (loss) before tax	$ (51,590)	$ 4,877

Note 3 - Discontinued Operati38

Note 3 - Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Notes Payable	$ 597,323	$ 599,584
Discontinued Operations, Held-for-sale [Member] | Vessels Segment [Member]
Cash	4,855	2,454
Property, plant, and equipment, net	1,425,000	1,425,000
Assets of discontinued operations	1,429,855	1,427,454
Accounts payable	655
Accrued expenses	39,222	49,931
Notes Payable	597,323	599,584
Liabilities of discontinued operations	$ 637,200	$ 649,515

Note 4 - Net Income (Loss) Pe39

Note 4 - Net Income (Loss) Per Share of Common Stock - Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$ (527,398)	$ (253,642)
Net (loss) income from discontinued operations	(39,054)	3,613
Net (loss) income	$ (566,452)	$ (250,029)
Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding (in shares)	4,170,818	4,126,012
Effect of dilutive stock options (in shares)
For diluted (loss) earnings per share - weighted average common shares outstanding (in shares)	4,170,818	4,126,012
Earnings (Loss) per share - Basic:
Continuing Operations (in dollars per share)	$ (0.13)	$ (0.06)
Discontinued Operations (in dollars per share)	(0.01)	0
Net Income (Loss) per share (in dollars per share)	(0.14)	(0.06)
Earnings (Loss) per share - Diluted:
Continuing Operations (in dollars per share)	(0.13)	(0.06)
Discontinued Operations (in dollars per share)	(0.01)	0
Net Income (Loss) per share (in dollars per share)	$ (0.14)	$ (0.06)

Note 5 - Inventory - Major Clas

Note 5 - Inventory - Major Classes of Inventory (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Raw materials	$ 8,275,782	$ 8,731,985
Work in process	742,276	460,687
Finished goods	4,618,064	5,395,353
Gross inventory	13,636,122	14,588,025
Less: Reserves	(2,567,617)	(2,621,303)
Net Inventory	$ 11,068,505	$ 11,966,722

Note 6 - Accrued Expenses - Maj

Note 6 - Accrued Expenses - Major Components Of Accrued Expenses (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Salaries, wages, and commissions	$ 485,592	$ 584,768
Accrued warranty expense	54,135	68,451
Other	324,562	328,339
Total accrued liabilities, current	$ 864,289	$ 981,558

Note 7 - Assets Held for Leas42

Note 7 - Assets Held for Lease - Summary of Assets Held for Lease (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Assets held for lease	$ 1,201,515	$ 1,217,164
West Union Facility [Member]
Assets held for lease	1,111,946	1,118,330
Modular Buildings [Member]
Assets held for lease	$ 89,569	$ 98,834

Note 8 - Product Warranty (Deta

Note 8 - Product Warranty (Details Textual)	3 Months Ended
	Feb. 28, 2018
Standard Product Warrant Term	1 year

Note 8 - Product Warranty - Cha

Note 8 - Product Warranty - Changes In Product Warranty Liability (Details) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Balance, beginning	$ 68,451	$ 134,373
Settlements / adjustments	(82,673)	(72,949)
Warranties issued	68,357	64,248
Balance, ending	$ 54,135	$ 125,672

Note 9 - Loan and Credit Agre45

Note 9 - Loan and Credit Agreements (Details Textual)	Sep. 28, 2017USD ($)	Feb. 28, 2018USD ($)	Nov. 30, 2017USD ($)	Feb. 01, 2013	May 01, 2010USD ($)
Long-term Debt		$ 3,513,404	$ 3,569,491
Term Loan Due October 2037 [Member]
Long-term Debt		2,576,273	2,595,007
Term Loan Due October 2019 [Member]
Long-term Debt		$ 597,323	$ 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		$ 339,808	$ 374,900
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		1,960,530
Line of Credit Facility, Remaining Borrowing Capacity		$ 3,039,470
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	$ 17,271
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 9 - Loan and Credit Agre46

Note 9 - Loan and Credit Agreements - Summary of Term Debt (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Term debt	$ 3,513,404	$ 3,569,491
Less current portion of term debt	222,475	221,230
Term debt of discontinued operations	597,323	599,584
Term debt, excluding current portion	2,693,606	2,748,677
Term Loan Due October 2037 [Member]
Term debt	2,576,273	2,595,007
Term Loan Due October 2019 [Member]
Term debt	597,323	599,584
Iowa Finance Authority Term Loan [Member]
Term debt	$ 339,808	$ 374,900

Note 9 - Loan and Credit Agre47

Note 9 - Loan and Credit Agreements - Summary of Term Debt (Details) (Parentheticals) - USD ($)	3 Months Ended	12 Months Ended
	Feb. 28, 2018	Nov. 30, 2017
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 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	11 Months Ended
	Dec. 31, 2017	Feb. 28, 2018	Nov. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 300,000
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

Note 11 - Related Party Trans49

Note 11 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Related Party Transaction, Expenses from Transactions with Related Party	$ 5,001	$ 0
Due to Related Parties	$ 1,663	$ 0

Note 12 - Sales-type Leases (De

Note 12 - Sales-type Leases (Details Textual) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Capital Leases, Income Statement, Sales Type Lease Revenue	$ 129,104	$ 0

Note 12 - Sales-type Leases - C

Note 12 - Sales-type Leases - Components Related to Sales-type Leases (Details) - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Minimum lease receivable, current	$ 176,925
Unearned interest income, current	(57,413)
Net investment in sales-type leases, current	119,512
Minimum lease receivable, long-term	298,777
Unearned interest income, long-term	(42,834)
Net investment in sales-type leases, long-term	$ 255,943

Note 12 - Sales-type Leases - F

Note 12 - Sales-type Leases - Future Minimum Lease Receipts (Details)	Feb. 28, 2018USD ($)
2,018	$ 133,425
2,019	174,000
2,020	162,425
2,021	5,852
2,022
Thereafter
Total	$ 475,702

Note 14 - Equity Incentive Pl53

Note 14 - Equity Incentive Plan and Stock Based Compensation (Details Textual) - USD ($)	3 Months Ended		15 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Jan. 27, 2011
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		1,000	1,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Allocated Share-based Compensation Expense	$ 49,558		$ 26,557
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	45,000
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 16 - Segment Information54

Note 16 - Segment Information (Details Textual)	3 Months Ended
	Feb. 28, 2018
Number of Reportable Segments	3

Note 16 - Segment Information -

Note 16 - Segment Information - Segment Reporting Information (Details) - USD ($)		3 Months Ended
		Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Revenue from external customers		$ 5,365,536	$ 4,421,168
Income (loss) from operations		(308,721)	(352,433)
Total Assets		23,391,311		$ 24,379,833
Capital expenditures		64,401	195,020
Depreciation & Amortization		189,654	170,789
Operating Segments [Member]
Revenue from external customers	[1]	5,365,000	4,421,000
Income (loss) from operations	[1]	(309,000)	(353,000)
Income (loss) before tax	[1]	(306,000)	(364,000)
Total Assets	[1]	21,961,000	24,569,000
Capital expenditures	[1]	64,000	195,000
Depreciation & Amortization	[1]	190,000	171,000
Operating Segments [Member] | Agricultural Products [Member]
Revenue from external customers		3,929,000	3,368,000
Income (loss) from operations		(275,000)	(220,000)
Income (loss) before tax		(270,000)	(217,000)
Total Assets		16,246,000	19,063,000
Capital expenditures		29,000	129,000
Depreciation & Amortization		133,000	125,000
Operating Segments [Member] | Modular Buildings [Member]
Revenue from external customers		739,000	388,000
Income (loss) from operations		(60,000)	(154,000)
Income (loss) before tax		(52,000)	(158,000)
Total Assets		3,154,000	2,849,000
Capital expenditures		35,000
Depreciation & Amortization		25,000	15,000
Operating Segments [Member] | Tools [Member]
Revenue from external customers		697,000	665,000
Income (loss) from operations		26,000	21,000
Income (loss) before tax		16,000	11,000
Total Assets		2,561,000	2,657,000
Capital expenditures			66,000
Depreciation & Amortization		$ 32,000	$ 31,000
[1]	The consolidated total in the table is a sum of segment figures and may not tie to actual figures in the condensed consolidated financial statements due to rounding.