Art's-Way Manufacturing (ARTW) 10-Q 11 Apr 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Feb. 29, 2024	Apr. 08, 2024
Document Information [Line Items]
Entity Central Index Key	0000007623
Entity Registrant Name	ARTS WAY MANUFACTURING CO INC
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 29, 2024
Document Transition Report	false
Entity File Number	000-05131
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-0920725
Entity Address, Address Line One	5556 Highway 9
Entity Address, City or Town	Armstrong
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50514
City Area Code	712
Local Phone Number	208-8467
Title of 12(b) Security	Common stock $0.01 par value
Trading Symbol	ARTW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,068,208

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited Current Period) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Current assets:
Cash	$ 2,485	$ 4,014
Accounts receivable, net	3,046,389	3,432,216
Inventories, net	10,983,337	11,031,362
Cost and profit in excess of billings	125,889	289,282
Other current assets	529,505	296,662
Current assets of discontinued operations	23,090	31,958
Total current assets	14,710,695	15,085,494
Property, plant, and equipment, net	5,158,408	5,060,595
Assets held for lease, net	166,369	145,494
Deferred income taxes, net	2,628,076	2,503,213
Other assets	574,190	583,752
Other assets of discontinued operations	1,016,257	1,023,566
Total assets	24,253,995	24,402,114
Current liabilities:
Accounts payable	1,147,300	2,256,502
Customer deposits	1,087,036	416,044
Billings in excess of cost and profit	1,046,408	351,289
Income taxes payable	5,000	5,000
Accrued expenses	1,023,596	1,399,232
Line of credit	4,880,437	4,413,520
Current portion of finance lease liabilities	255,677	257,454
Current portion of long-term debt	110,986	109,193
Current liabilities of discontinued operations	178,703	186,789
Total current liabilities	9,735,143	9,395,023
Long-term portion of operating lease liabilities	11,546	13,774
Long-term portion of finance lease liabilities	701,208	722,200
Long-term debt, excluding current portion	2,601,580	2,629,862
Total liabilities	13,049,477	12,760,859
Commitments and Contingencies (Notes 9, 11, and 12)
Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares on February 29, 2024 and November 30, 2023; issued and outstanding 0 shares on February 29, 2024 and November 30, 2023.	0	0
Common stock – $0.01 par value. Authorized 9,500,000 shares on February 29, 2024 and November 30, 2023; 5,180,922 issued on February 29, 2024 and 5,106,922 on November 30, 2023	51,809	51,069
Additional paid-in capital	4,903,642	4,838,425
Retained earnings	6,556,213	7,021,253
Treasury stock, at cost (112,714 shares on February 29, 2024 and 94,256 shares on November 30, 2023)	(307,146)	(269,492)
Total stockholders’ equity	11,204,518	11,641,255
Total liabilities and stockholders’ equity	$ 24,253,995	$ 24,402,114

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited Current Period) (Parentheticals) - $ / shares	Feb. 29, 2024	Nov. 30, 2023
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	500,000	500,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	9,500,000	9,500,000
Common Stock, Shares, Issued (in shares)	5,180,922	5,106,922
Treasury stock, shares (in shares)	112,714	94,256

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Sales	$ 5,723,394	$ 7,086,864
Cost of goods sold	4,249,870	4,899,990
Gross profit	1,473,524	2,186,874
Expenses
Engineering	160,353	128,295
Selling	462,759	531,461
General and administrative	1,230,494	983,672
Total expenses	1,853,606	1,643,428
Income from operations	(380,082)	543,446
Other income (expense):
Interest expense	(165,639)	(111,813)
Other	8,685	11,993
Total other expense	(156,954)	(99,820)
Income (loss) from continuing operations before income taxes	(537,036)	443,626
Income tax expense (benefit)	(112,777)	93,331
Income (loss) from continuing operations	(424,259)	350,295
Discontinued Operations (Note 3)
Loss from discontinued operations before income taxes	(49,902)	(10,234)
Income tax benefit	(9,121)	(2,149)
Loss on discontinued operations	(40,781)	(8,085)
Net income (loss)	$ (465,040)	$ 342,210

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balance (in shares)	5,013,671			64,574
Balance (in shares) at Nov. 30, 2022	5,013,671			64,574
Balance at Nov. 30, 2022	$ 50,137	$ 4,547,172	$ 6,754,284	$ (200,956)	$ 11,150,637
Stock based compensation (in shares)	87,250			8,125
Stock based compensation	$ 872	68,016	0	$ (20,334)	48,554
Net Income	0	0	342,210	0	342,210
Balance at Feb. 28, 2023	$ 51,009	4,615,188	7,096,494	$ (221,290)	11,541,401
Balance (in shares) at Feb. 28, 2023	5,100,921			72,699
Balance (in shares)	5,100,921			72,699
Balance (in shares)	5,106,922			94,256
Balance (in shares) at Nov. 30, 2023	5,106,922			94,256
Balance at Nov. 30, 2023	$ 51,069	4,838,425	7,021,253	$ (269,492)	11,641,255
Stock based compensation (in shares)	74,000			18,458
Stock based compensation	$ 740	65,217	0	$ (37,654)	28,303
Net Income	0	0	(465,040)	0	(465,040)
Balance at Feb. 29, 2024	$ 51,809	$ 4,903,642	$ 6,556,213	$ (307,146)	$ 11,204,518
Balance (in shares) at Feb. 29, 2024	5,180,922			112,714
Balance (in shares)	5,180,922			112,714

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Cash flows from operations:
Net income (loss) from continuing operations	$ (424,259)	$ 350,295
Net loss on discontinued operations	(40,781)	(8,085)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock based compensation	65,957	68,888
Decrease in obsolete inventory reserves	(6,098)	(27,086)
Gain on disposal of property, plant, and equipment	0	(2,900)
Depreciation and amortization expense	208,116	201,903
Increase in allowance for expected credit losses - accounts receivable	391	1,260
Deferred income taxes	(124,863)	91,136
Changes in assets and liabilities:
Accounts receivable	385,436	(934,410)
Inventories	54,123	(1,061,421)
Other assets	(301,491)	(91,007)
Accounts payable	(1,109,202)	(129,129)
Contracts in progress, net	858,512	701,406
Customer deposits	670,992	1,969,871
Accrued expenses	(375,739)	26,437
Net cash provided by (used in) operating activities - continuing operations	(67,670)	1,165,243
Net cash provided by (used in) operating activities - discontinued operations	(31,604)	103,354
Net cash provided by (used in) operating activities	(99,274)	1,268,597
Cash flows from investing activities:
Purchases of property, plant, and equipment	(281,174)	(296,114)
Net proceeds from sale of assets	0	2,900
Net cash used in investing activities - continuing operations	(281,174)	(293,214)
Net cash used in investing activities - discontinued operations	0	(17,543)
Net cash used in investing activities	(281,174)	(310,757)
Cash flows from financing activities:
Net change in line of credit	(466,917)	868,941
Principal payments on finance lease obligations	(22,769)	(35,155)
Repayment of term debt	(26,489)	(26,870)
Repurchases of common stock	(37,654)	(20,334)
Net cash provided by (used in) financing activities - continuing operations	380,005	(951,300)
Net cash used in financing activities - discontinued operations	(1,086)	(7,583)
Net cash provided by (used in) financing activities	378,919	(958,883)
Net decrease in cash	(1,529)	(1,043)
Cash at beginning of period	4,014	5,055
Cash at end of period	2,485	4,012
Supplemental disclosures of cash flow information:
Interest	161,033	122,315
Income taxes	0	46
Right-of-use (ROU) assets acquired (included in other assets)	38,192	0
Amortization of operating lease ROU assets (included in other assets)	2,383	3,319
Computer Software, Intangible Asset [Member]
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of cloud computing implementation costs	$ 30,455	$ 0

Note 1 - Description of the Com

Note 1 - Description of the Company	3 Months Ended
	Feb. 29, 2024
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 two operating segments. Management separately evaluates the financial results of each segment because each is a strategic business unit offering different products and requiring different technology and marketing strategies. The Agricultural Products segment manufactures and sells farm equipment and related replacement parts under the Art’s-Way Manufacturing label and private labels. The Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. During the third 2023, third three February 28, 2023. 3

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2 Summary of Significant Accounting Policies Statement Presentation The foregoing condensed consolidated financial statements of the Company are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s 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, 2023 three February 29, 2024 not November 30, 2024 Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 29, 2024 Allowance for Credit Losses The Company uses aging categories to estimate expected credit losses on trade receivables. The Company considers in its analysis: historical loss experience, forward-looking macroeconomic factors, company credit risk including previous delinquencies, disputed amounts, and the intent and ability to pay. The Company's typical credit terms are Net 30, 180 30 not one 90 The Company carries contract assets related to its Modular Buildings segment in the form of costs and profit in excess of billings. These contract assets are typically converted to trade receivables in 30 90 30

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3 Discontinued Operations On June 7, 2023, 3rd 2023. February 29, 2024. The cessation of operations and liquidation of the Tools segment represented a strategic shift as a unique business unit of the Company In accordance with Accounting Standard Code Topic 360, The components of discontinued operations in the accompanying Condensed Consolidated Balance Sheets are as follows: February 29, 2024 November 30, 2023 Inventory $ 18,013 $ 18,013 Other current assets 5,077 13,945 Current assets of discontinued operations $ 23,090 $ 31,958 February 29, 2024 November 30, 2023 Property, plant, and equipment, net $ 1,016,257 $ 1,023,566 Other assets of discontinued operations $ 1,016,257 $ 1,023,566 February 29, 2024 November 30, 2023 Accounts payable $ 2,112 $ 3,539 Current portion of long-term debt 159,512 160,599 Other current liabilities 17,079 22,651 Current liabilities of discontinued operations $ 178,703 $ 186,789 Segment information as of February 29, 2024 February 28, 2023 Tools Three Months Ended February 29, 2024 February 28, 2023 Revenue from external customers $ - $ 808,000 Gross Profit (loss) $ (27,000 ) $ 162,000 Operating Expense $ 10,000 $ 157,000 Income (loss) from operations $ (37,000 ) $ 5,000 Income (loss) before tax $ (50,000 ) $ (10,000 ) Capital expenditures $ - $ 18,000 Depreciation & Amortization $ 7,000 $ 37,000 Recently Issued Accounting Pronouncements Recently Adopted Pronouncement Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13, 2016 13 2016 13 December 15, 2022, December 15, 2018, 2016 13 not Accounting Pronouncements Not Segment Reporting - Improvements to Reportable Segment Disclosures In November 2023, 2023 07, 2023 07 2023 07 December 15, 2023, December 15, 2024. 2023 07 2025. not 2023 07

Note 4 - Disaggregation of Reve

Note 4 - Disaggregation of Revenue	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	4 Disaggregation of Revenue The following table displays revenue by reportable segment from external customers, disaggregated by major source. The Company believes disaggregating by these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Three Months Ended February 29, 2024 Agricultural Modular Buildings Total Farm equipment $ 3,528,000 $ - $ 3,528,000 Farm equipment service parts 642,000 - 642,000 Modular buildings - 1,392,000 1,392,000 Modular building lease income - 36,000 36,000 Other 66,000 59,000 125,000 $ 4,236,000 $ 1,487,000 $ 5,723,000 Three Months Ended February 28, 2023 Agricultural Modular Buildings Total Farm equipment $ 4,732,000 $ - $ 4,732,000 Farm equipment service parts 630,000 - 630,000 Modular buildings - 1,601,000 1,601,000 Modular building lease income - 32,000 32,000 Other 83,000 9,000 92,000 $ 5,445,000 $ 1,642,000 $ 7,087,000 The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2022 2023 2023 2024 180 On February 29, 2024 30 February 28, 2023

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Accounts and Nontrade Receivable [Text Block]	5 Accounts receivable Accounts receivable are shown net of allowances for expected credit losses. Expected losses are recorded in administrative expense at the time of receivable recognition. The activity related to expected credit losses for the three February 29, 2024 Three Months Ended (Continuing operations) February 29, 2024 Balance, beginning $ 32,137 Provision charged to expense 391 Less amounts charged-off - Balance, ending $ 32,528 The activity of allowance for doubtful accounts for activity for the three February 28, 2023 Three Months Ended (Continuing operations) February 28, 2023 Balance, beginning $ 33,288 Provision charged to expense 1,260 Less amounts charged-off - Balance, ending $ 34,548

Note 6 - Contract Receivables,

Note 6 - Contract Receivables, Contract Assets and Contract Liabilities	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Contract Receivable, Contract Assets, and Contract Liabilities [Text Block]	6 Contract Receivables, Contract Assets and Contract Liabilities The following table provides information about contract receivables, contract assets, and contract liabilities from contracts with customers included on the Condensed Consolidated Balance Sheets. February 29, 2024 November 30, 2023 Receivables $ 3,046,000 $ 3,432,000 Assets 126,000 289,000 Liabilities 2,133,000 767,000 The amount of revenue recognized in the first three 2024 November 30, 2023 2023 December 1, 2022 $2,466,000; $1,153,000,

Note 7 - Net Income (Loss) Per

Note 7 - Net Income (Loss) Per Share of Common Stock	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	7 Net Income (Loss) Per Share of Common Stock Basic net income (loss) per share of common stock 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 net income (loss) per share. Basic and diluted net income (loss) per share have been computed based on the following as of February 29, 2024 February 28, 2023 For the Three Months Ended February 29, 2024 February 28, 2023 Numerator for basic and diluted net income (loss) per share: Net income (loss) from continuing operations $ (424,259 ) $ 350,295 Net loss from discontinued operations (40,781 ) (8,085 ) Net income (loss) (465,040 ) 342,210 Denominator: For basic net income (loss) per share - weighted average common shares outstanding 5,022,680 4,976,955 Effect of dilutive stock options - - For diluted net income (loss) per share - weighted average common shares outstanding 5,022,680 4,976,955 Net Income (loss) per share - Basic: Continuing Operations $ (0.08 ) $ 0.07 Discontinued Operations (0.01 ) (0.00 ) Net income (loss) per share $ (0.09 ) $ 0.07 Net Income (loss) per share - Diluted: Continuing Operations $ (0.08 ) $ 0.07 Discontinued Operations (0.01 ) (0.00 ) Net income (loss) per share $ (0.09 ) $ 0.07

Note 8 - Inventory

Note 8 - Inventory	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	8 Inventory Major classes of inventory are: February 29, 2024 November 30, 2023 Raw materials $ 8,482,602 $ 8,860,296 Work in process 481,016 281,760 Finished goods 3,580,888 3,472,354 Total Gross Inventory $ 12,544,506 $ 12,614,410 Less: Reserves (1,561,169 ) (1,583,048 ) Net Inventory $ 10,983,337 $ 11,031,362

Note 9 - Accrued Expenses

Note 9 - Accrued Expenses	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	9 Accrued Expenses Major components of accrued expenses are: February 29, 2024 November 30, 2023 Salaries, wages, and commissions $ 535,134 $ 805,908 Accrued warranty expense 211,120 295,113 Other 277,342 298,211 Total accrued expenses $ 1,023,596 $ 1,399,232

Note 10 - Assets Held for Lease

Note 10 - Assets Held for Lease	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	10 Assets Held for Lease Major components of assets held for lease are: February 29, 2024 November 30, 2023 Modular Buildings $ 166,369 $ 145,494 Total assets held for lease $ 166,369 $ 145,494 There were approximately $36,000 rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three February 29, 2024 February 28, 2023 The future minimum lease receipts for the years ended November 30, 2024 Year Amount 2024 $ 111,680 2025 70,931 $ 182,611

Note 11 - Product Warranty

Note 11 - Product Warranty	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	11 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 not 606. may no not 9 three February 29, 2024 February 28, 2023 Three Months Ended (Continuing operations) February 29, 2024 February 28, 2023 Balance, beginning $ 295,113 $ 192,301 Provision charged to expense 83,735 115,596 Less amounts charged-off (167,728 ) (114,433 ) Balance, ending $ 211,120 $ 193,464

Note 12 - Loan and Credit Agree

Note 12 - Loan and Credit Agreements	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	12 Loan and Credit Agreements Bank Midwest Revolving Lines of Credit and Term Loans The Company maintains a $5,500,000 revolving line of credit (the “Line of Credit”) with Bank Midwest. On February 29, 2024 may February 29, 2024 not March 4, 2024 March 30, 2025 The Company carries a $2,600,000 term loan with Bank Midwest due October 1, 2037 ( May 15, 2027. may five 20% September 28, 2017, In connection with the 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. The Company also entered into the Roof Term Loan of $350,000 with Bank Midwest on May 17, 2022. May 15, 2027. May 17, 2022, March 30, 2023 To further secure the Line of Credit, the Company granted Bank Midwest a mortgage on its Canton, Ohio property held by Ohio Metal Working Products/Art’s-Way Inc. The Term Loan is secured by a mortgage on the Company’s Armstrong, Iowa and Monona, Iowa properties. Each mortgage is governed by the terms of a separate Mortgage, dated 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 may Compliance with Bank Midwest covenants is measured annually on November 30. 1 fifteen November 30, 2023 March 2024 November 30, 2024 SBA Economic Injury Disaster Loans In June 2020, 19 June 18, 2020 third June 24, 2020 $150,000. December 18, 2022 ( thirty December 24, 2022 June 18, 2020 June 24, 2020, The Company will be required to pay the balance of the EIDL loan associated with the Tools segment upon liquidation of real estate and dissolution of the business. The principal balance of this loan was $159,512 at February 29, 2024 February 29, 2024 A summary of the Company’s term debt is as follows: February 29, 2024 November 30, 2023 Bank Midwest loan payable in monthly installments of $ 19,648 7.00 October 1, 2037 2,058,862 2,080,718 Bank Midwest loan payable in monthly installments of $ 2,972 7.00 May 15, 2027 333,951 336,858 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 18, 2022 June 18, 2050 159,530 160,583 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 18, 2022 June 18, 2050 159,512 160,599 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 24, 2022 June 24, 2050 160,223 160,896 Total term debt $ 2,872,078 $ 2,899,654 Less term debt of discontinued operations $ 159,512 160,599 Term debt, continuing operations 2,712,566 2,739,055 Less current portion of term debt 110,986 109,193 Term debt, excluding current portion $ 2,601,580 $ 2,629,862 A summary of the minimum maturities of term debt follows for twelve February 28, Year Amount 2025 $ 110,986 2026 119,408 2027 127,909 2028 415,898 2029 130,027 2030 and thereafter 1,808,338 $ 2,712,566

Note 13 - Income Taxes

Note 13 - Income Taxes	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	13 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. The Company has net operating losses and tax credits that are expected to offset any 2024 not

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	14 Related Party Transactions During the three February 29, 2024 February 28, 2023 not no three February 29, 2024 three February 28, 2023 February 29, 2024 February 28, 2023

Note 15 - Leases

Note 15 - Leases	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Leases [Text Block]	15 Leases The components of operating leases on the Condensed Consolidated Balance Sheets on February 29, 2024 November 30, 2023 February 29, 2024 November 30, 2023 Operating lease right-of-use assets (in other assets) $ 20,302 $ 22,427 Current portion of operating lease liabilities (in accrued expenses) $ 8,756 $ 8,653 Long-term portion of operating lease liabilities 11,546 13,774 Total operating lease liabilities $ 20,302 $ 22,427 The components of finance leases on the Condensed Consolidated Balance Sheets on February 29, 2024 November 30, 2023 February 29, 2024 November 30, 2023 Finance lease right-of-use assets (net of amortization in other assets) $ 505,259 $ 511,367 Current portion of finance lease liabilities $ 255,677 $ 257,454 Long-term portion of finance lease liabilities 701,208 722,200 Total finance lease liabilities $ 956,885 $ 979,654

Note 16 - Equity Incentive Plan

Note 16 - Equity Incentive Plan and Stock Based Compensation	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	16 Equity Incentive Plan and Stock Based Compensation On February 25, 2020, 2020 “2020 2020 April 30, 2020. 2020 2011 “2011 2020 2011 2020 February 25, 2020 The 2020 Shares issued under the 2020 three February 29, 2024 February 28, 2023 For the Three Months Ended February 29, 2024 February 28, 2023 Shares issued to directors (immediate vesting) 5,000 5,000 Shares issued to directors, employees, and consultants (three year vesting) 69,000 82,250 Total shares issued 74,000 87,250

Note 17 - Disclosures About the

Note 17 - Disclosures About the Fair Value of Financial Instruments	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	17 Disclosures About the Fair Value of Financial Instruments The fair value of a financial instrument is defined as the amount at which the instrument could be exchanged in a current transaction between willing parties. On February 29, 2024 November 30, 2023 not not

Note 18 - Segment Information

Note 18 - Segment Information	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	18 Segment Information As of February 29, 2024 The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses. Approximate financial information with respect to the reportable segments is as follows. Three Months Ended February 29, 2024 Agricultural Products Modular Buildings Consolidated (Continuing Operations) Revenue from external customers $ 4,236,000 $ 1,487,000 $ 5,723,000 Gross profit $ 1,141,000 $ 332,000 $ 1,473,000 Operating Expense $ 1,568,000 $ 286,000 $ 1,854,000 Income (loss) from operations $ (426,000 ) $ 46,000 $ (380,000 ) Income (loss) before tax $ (574,000 ) $ 37,000 $ (537,000 ) Total Assets $ 20,470,000 $ 2,746,000 $ 23,216,000 Capital expenditures $ 184,000 $ 97,000 $ 281,000 Depreciation & Amortization $ 148,000 $ 60,000 $ 208,000 Three Months Ended February 28, 2023 Agricultural Products Modular Buildings Consolidated (Continuing Operations) Revenue from external customers $ 5,445,000 $ 1,642,000 $ 7,087,000 Gross profit $ 1,864,000 $ 323,000 $ 2,187,000 Operating Expense $ 1,362,000 $ 282,000 $ 1,644,000 Income (loss) from operations $ 502,000 $ 41,000 $ 543,000 Income (loss) before tax $ 407,000 $ 37,000 $ 444,000 Total Assets $ 19,761,000 $ 3,291,000 $ 23,052,000 Capital expenditures $ 252,000 $ 44,000 $ 296,000 Depreciation & Amortization $ 125,000 $ 77,000 $ 202,000 *The consolidated total in the tables is a sum of segment figures and may not

Note 19 - Subsequent Events

Note 19 - Subsequent Events	3 Months Ended
	Feb. 29, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	19 Subsequent Events Management evaluated all other activity of the Company and concluded that no 12

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Feb. 29, 2024
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) that are, in the opinion of management, necessary for a fair presentation of the Company’s 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, 2023 three February 29, 2024 not November 30, 2024
Use of Estimates, Policy [Policy Text Block]	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three February 29, 2024
Allowance for Credit Losses, Policy [Policy Text Block]	Allowance for Credit Losses The Company uses aging categories to estimate expected credit losses on trade receivables. The Company considers in its analysis: historical loss experience, forward-looking macroeconomic factors, company credit risk including previous delinquencies, disputed amounts, and the intent and ability to pay. The Company's typical credit terms are Net 30, 180 30 not one 90 The Company carries contract assets related to its Modular Buildings segment in the form of costs and profit in excess of billings. These contract assets are typically converted to trade receivables in 30 90 30

Note 3 - Discontinued Operati_2

Note 3 - Discontinued Operations (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	February 29, 2024 November 30, 2023 Inventory $ 18,013 $ 18,013 Other current assets 5,077 13,945 Current assets of discontinued operations $ 23,090 $ 31,958 February 29, 2024 November 30, 2023 Property, plant, and equipment, net $ 1,016,257 $ 1,023,566 Other assets of discontinued operations $ 1,016,257 $ 1,023,566 February 29, 2024 November 30, 2023 Accounts payable $ 2,112 $ 3,539 Current portion of long-term debt 159,512 160,599 Other current liabilities 17,079 22,651 Current liabilities of discontinued operations $ 178,703 $ 186,789 Tools Three Months Ended February 29, 2024 February 28, 2023 Revenue from external customers $ - $ 808,000 Gross Profit (loss) $ (27,000 ) $ 162,000 Operating Expense $ 10,000 $ 157,000 Income (loss) from operations $ (37,000 ) $ 5,000 Income (loss) before tax $ (50,000 ) $ (10,000 ) Capital expenditures $ - $ 18,000 Depreciation & Amortization $ 7,000 $ 37,000

Note 4 - Disaggregation of Re_2

Note 4 - Disaggregation of Revenue (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended February 29, 2024 Agricultural Modular Buildings Total Farm equipment $ 3,528,000 $ - $ 3,528,000 Farm equipment service parts 642,000 - 642,000 Modular buildings - 1,392,000 1,392,000 Modular building lease income - 36,000 36,000 Other 66,000 59,000 125,000 $ 4,236,000 $ 1,487,000 $ 5,723,000 Three Months Ended February 28, 2023 Agricultural Modular Buildings Total Farm equipment $ 4,732,000 $ - $ 4,732,000 Farm equipment service parts 630,000 - 630,000 Modular buildings - 1,601,000 1,601,000 Modular building lease income - 32,000 32,000 Other 83,000 9,000 92,000 $ 5,445,000 $ 1,642,000 $ 7,087,000

Note 5 - Accounts Receivable (T

Note 5 - Accounts Receivable (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended (Continuing operations) February 29, 2024 Balance, beginning $ 32,137 Provision charged to expense 391 Less amounts charged-off - Balance, ending $ 32,528 Three Months Ended (Continuing operations) February 28, 2023 Balance, beginning $ 33,288 Provision charged to expense 1,260 Less amounts charged-off - Balance, ending $ 34,548

Note 6 - Contract Receivables_2

Note 6 - Contract Receivables, Contract Assets and Contract Liabilities (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	February 29, 2024 November 30, 2023 Receivables $ 3,046,000 $ 3,432,000 Assets 126,000 289,000 Liabilities 2,133,000 767,000

Note 7 - Net Income (Loss) Pe_2

Note 7 - Net Income (Loss) Per Share of Common Stock (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended February 29, 2024 February 28, 2023 Numerator for basic and diluted net income (loss) per share: Net income (loss) from continuing operations $ (424,259 ) $ 350,295 Net loss from discontinued operations (40,781 ) (8,085 ) Net income (loss) (465,040 ) 342,210 Denominator: For basic net income (loss) per share - weighted average common shares outstanding 5,022,680 4,976,955 Effect of dilutive stock options - - For diluted net income (loss) per share - weighted average common shares outstanding 5,022,680 4,976,955 Net Income (loss) per share - Basic: Continuing Operations $ (0.08 ) $ 0.07 Discontinued Operations (0.01 ) (0.00 ) Net income (loss) per share $ (0.09 ) $ 0.07 Net Income (loss) per share - Diluted: Continuing Operations $ (0.08 ) $ 0.07 Discontinued Operations (0.01 ) (0.00 ) Net income (loss) per share $ (0.09 ) $ 0.07

Note 8 - Inventory (Tables)

Note 8 - Inventory (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	February 29, 2024 November 30, 2023 Raw materials $ 8,482,602 $ 8,860,296 Work in process 481,016 281,760 Finished goods 3,580,888 3,472,354 Total Gross Inventory $ 12,544,506 $ 12,614,410 Less: Reserves (1,561,169 ) (1,583,048 ) Net Inventory $ 10,983,337 $ 11,031,362

Note 9 - Accrued Expenses (Tabl

Note 9 - Accrued Expenses (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	February 29, 2024 November 30, 2023 Salaries, wages, and commissions $ 535,134 $ 805,908 Accrued warranty expense 211,120 295,113 Other 277,342 298,211 Total accrued expenses $ 1,023,596 $ 1,399,232

Note 10 - Assets Held for Lea_2

Note 10 - Assets Held for Lease (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block]	February 29, 2024 November 30, 2023 Modular Buildings $ 166,369 $ 145,494 Total assets held for lease $ 166,369 $ 145,494
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	Year Amount 2024 $ 111,680 2025 70,931 $ 182,611

Note 11 - Product Warranty (Tab

Note 11 - Product Warranty (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended (Continuing operations) February 29, 2024 February 28, 2023 Balance, beginning $ 295,113 $ 192,301 Provision charged to expense 83,735 115,596 Less amounts charged-off (167,728 ) (114,433 ) Balance, ending $ 211,120 $ 193,464

Note 12 - Loan and Credit Agr_2

Note 12 - Loan and Credit Agreements (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Debt [Table Text Block]	February 29, 2024 November 30, 2023 Bank Midwest loan payable in monthly installments of $ 19,648 7.00 October 1, 2037 2,058,862 2,080,718 Bank Midwest loan payable in monthly installments of $ 2,972 7.00 May 15, 2027 333,951 336,858 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 18, 2022 June 18, 2050 159,530 160,583 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 18, 2022 June 18, 2050 159,512 160,599 U.S. Small Business Administration loan payable in monthly installments of $ 731 3.75 December 24, 2022 June 24, 2050 160,223 160,896 Total term debt $ 2,872,078 $ 2,899,654 Less term debt of discontinued operations $ 159,512 160,599 Term debt, continuing operations 2,712,566 2,739,055 Less current portion of term debt 110,986 109,193 Term debt, excluding current portion $ 2,601,580 $ 2,629,862
Schedule of Maturities of Long-Term Debt [Table Text Block]	Year Amount 2025 $ 110,986 2026 119,408 2027 127,909 2028 415,898 2029 130,027 2030 and thereafter 1,808,338 $ 2,712,566

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Lessee, Operating Leases, Assets and Liabilities [Table Text Block]	February 29, 2024 November 30, 2023 Operating lease right-of-use assets (in other assets) $ 20,302 $ 22,427 Current portion of operating lease liabilities (in accrued expenses) $ 8,756 $ 8,653 Long-term portion of operating lease liabilities 11,546 13,774 Total operating lease liabilities $ 20,302 $ 22,427
Lessee, Finance Leases, Assets and Liabilities [Table Text Block]	February 29, 2024 November 30, 2023 Finance lease right-of-use assets (net of amortization in other assets) $ 505,259 $ 511,367 Current portion of finance lease liabilities $ 255,677 $ 257,454 Long-term portion of finance lease liabilities 701,208 722,200 Total finance lease liabilities $ 956,885 $ 979,654

Note 16 - Equity Incentive Pl_2

Note 16 - Equity Incentive Plan and Stock Based Compensation (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Share-Based Payment Arrangement, Activity [Table Text Block]	For the Three Months Ended February 29, 2024 February 28, 2023 Shares issued to directors (immediate vesting) 5,000 5,000 Shares issued to directors, employees, and consultants (three year vesting) 69,000 82,250 Total shares issued 74,000 87,250

Note 18 - Segment Information (

Note 18 - Segment Information (Tables)	3 Months Ended
	Feb. 29, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended February 29, 2024 Agricultural Products Modular Buildings Consolidated (Continuing Operations) Revenue from external customers $ 4,236,000 $ 1,487,000 $ 5,723,000 Gross profit $ 1,141,000 $ 332,000 $ 1,473,000 Operating Expense $ 1,568,000 $ 286,000 $ 1,854,000 Income (loss) from operations $ (426,000 ) $ 46,000 $ (380,000 ) Income (loss) before tax $ (574,000 ) $ 37,000 $ (537,000 ) Total Assets $ 20,470,000 $ 2,746,000 $ 23,216,000 Capital expenditures $ 184,000 $ 97,000 $ 281,000 Depreciation & Amortization $ 148,000 $ 60,000 $ 208,000 Three Months Ended February 28, 2023 Agricultural Products Modular Buildings Consolidated (Continuing Operations) Revenue from external customers $ 5,445,000 $ 1,642,000 $ 7,087,000 Gross profit $ 1,864,000 $ 323,000 $ 2,187,000 Operating Expense $ 1,362,000 $ 282,000 $ 1,644,000 Income (loss) from operations $ 502,000 $ 41,000 $ 543,000 Income (loss) before tax $ 407,000 $ 37,000 $ 444,000 Total Assets $ 19,761,000 $ 3,291,000 $ 23,052,000 Capital expenditures $ 252,000 $ 44,000 $ 296,000 Depreciation & Amortization $ 125,000 $ 77,000 $ 202,000

Note 1 - Description of the C_2

Note 1 - Description of the Company (Details Textual)	3 Months Ended
	Feb. 29, 2024
Number of Operating Segments	2

Note 3 - Discontinued Operati_3

Note 3 - Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)		3 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Nov. 30, 2023
Current assets of discontinued operations		$ 23,090		$ 31,958
Other assets of discontinued operations		1,016,257		1,023,566
Current liabilities of discontinued operations		178,703		186,789
Loss from operations of discontinued operations		(49,902)	$ (10,234)
Discontinued Operations [Member]
Inventory		18,013		18,013
Other current assets		5,077		13,945
Current assets of discontinued operations		23,090		31,958
Property, plant, and equipment, net		1,016,257		1,023,566
Other assets of discontinued operations		1,016,257		1,023,566
Accounts payable		2,112		3,539
Current portion of long-term debt		159,512		160,599
Other current liabilities		17,079		22,651
Current liabilities of discontinued operations		178,703		$ 186,789
Discontinued Operations [Member] | Tools [Member]
Revenue from external customers		0	808,000
Gross Profit (loss)		(27,000)	162,000
Operating Expense		10,000	157,000
Income (loss) from operations		(37,000)	5,000
Loss from operations of discontinued operations		(50,000)	(10,000)
Capital expenditures	[1]	0	18,000
Depreciation & Amortization		$ 7,000	$ 37,000
[1]FY 2022 capital expenditures include $166,000 of finance leased assets.

Note 4 - Disaggregation of Re_3

Note 4 - Disaggregation of Revenue (Details Textual) - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Agricultural Products, Floorplan Program [Member]
Contract with Customer, Receivable, after Allowance for Credit Loss, Current	$ 1,011,000	$ 950,000

Note 4 - Disaggregation of Re_4

Note 4 - Disaggregation of Revenue - Disaggregated Revenue From External Customers (Details) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Revenue	$ 5,723,000	$ 7,087,000
Agricultural Products [Member]
Revenue	4,236,000	5,445,000
Modular Buildings [Member]
Revenue	1,487,000	1,642,000
Farm Equipment [Member]
Revenue	3,528,000	4,732,000
Farm Equipment [Member] | Agricultural Products [Member]
Revenue	3,528,000	4,732,000
Farm Equipment [Member] | Modular Buildings [Member]
Revenue	0	0
Farm Equipment Service Parts [Member]
Revenue	642,000	630,000
Farm Equipment Service Parts [Member] | Agricultural Products [Member]
Revenue	642,000	630,000
Farm Equipment Service Parts [Member] | Modular Buildings [Member]
Revenue	0	0
Modular Buildings [Member]
Revenue	1,392,000	1,601,000
Modular Buildings [Member] | Agricultural Products [Member]
Revenue	0	0
Modular Buildings [Member] | Modular Buildings [Member]
Revenue	1,392,000	1,601,000
Modular Buildings Lease Income [Member]
Revenue	36,000	32,000
Modular Buildings Lease Income [Member] | Agricultural Products [Member]
Revenue	0	0
Modular Buildings Lease Income [Member] | Modular Buildings [Member]
Revenue	36,000	32,000
Product and Service, Other [Member]
Revenue	125,000	92,000
Product and Service, Other [Member] | Agricultural Products [Member]
Revenue	66,000	83,000
Product and Service, Other [Member] | Modular Buildings [Member]
Revenue	$ 59,000	$ 9,000

Note 5 - Accounts Receivable -

Note 5 - Accounts Receivable - Expected Credit Losses Activity (Details) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Balance, beginning	$ 32,137	$ 33,288
Increase in allowance for expected credit losses - accounts receivable	391	1,260
Accounts Receivable, Allowance for Credit Loss, Writeoff	0	0
Balance, ending	$ 32,528	$ 34,548

Note 6 - Contract Receivables_3

Note 6 - Contract Receivables, Contract Assets and Contract Liabilities (Details Textual) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Nov. 30, 2023	Dec. 01, 2022
Contract with Customer, Liability, Revenue Recognized	$ 560,000	$ 1,153,000
Construction Contractor, Receivable, Excluding Contract Retainage	3,046,000		$ 3,432,000	$ 2,466,000
Contract with Customer, Asset, after Allowance for Credit Loss	126,000		289,000	451,000
Contract with Customer, Liability	$ 2,133,000		$ 767,000	$ 1,153,000

Note 6 - Contract Receivables_4

Note 6 - Contract Receivables, Contract Assets and Contract Liabilities - Contract With Customers (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023	Dec. 01, 2022
Receivables	$ 3,046,000	$ 3,432,000	$ 2,466,000
Assets	126,000	289,000	451,000
Liabilities	$ 2,133,000	$ 767,000	$ 1,153,000

Note 7 - Net Income (Loss) Pe_3

Note 7 - Net Income (Loss) Per Share of Common Stock - Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$ (424,259)	$ 350,295
Net loss from discontinued operations	(40,781)	(8,085)
Net income (loss)	$ (465,040)	$ 342,210
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding (in shares)	5,022,680	4,976,955
Effect of dilutive stock options (in shares)	0	0
For diluted net income (loss) per share - weighted average common shares outstanding (in shares)	5,022,680	4,976,955
Net Income (loss) per share - Basic:
Continuing Operations, basic (in dollars per share)	$ (0.08)	$ 0.07
Discontinued Operations, basic (in dollars per share)	(0.01)	0
Net income (loss) per share, basic (in dollars per share)	(0.09)	0.07
Net Income (loss) per share - Diluted:
Continuing Operations, diluted (in dollars per share)	(0.08)	0.07
Discontinued Operations, diluted (in dollars per share)	(0.01)	0
Net income (loss) per share, diluted (in dollars per share)	$ (0.09)	$ 0.07

Note 8 - Inventory - Major Clas

Note 8 - Inventory - Major Classes of Inventory (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Raw materials	$ 8,482,602	$ 8,860,296
Work in process	481,016	281,760
Finished goods	3,580,888	3,472,354
Total Gross Inventory	12,544,506	12,614,410
Less: Reserves	(1,561,169)	(1,583,048)
Net Inventory	$ 10,983,337	$ 11,031,362

Note 9 - Accrued Expenses - Maj

Note 9 - Accrued Expenses - Major Components of Accrued Expenses (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Salaries, wages, and commissions	$ 535,134	$ 805,908
Accrued warranty expense	211,120	295,113
Other	277,342	298,211
Total accrued expenses	$ 1,023,596	$ 1,399,232

Note 10 - Assets Held for Lea_3

Note 10 - Assets Held for Lease (Details Textual) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Sales [Member]
Operating Lease, Lease Income	$ 36,000	$ 32,000

Note 10 - Assets Held for Lea_4

Note 10 - Assets Held for Lease - Summary of Assets Held for Lease (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Assets held for lease	$ 166,369	$ 145,494
Modular Buildings [Member]
Assets held for lease	$ 166,369	$ 145,494

Note 10 - Assets Held for Lea_5

Note 10 - Assets Held for Lease - Future Minimum Lease Receipts (Details) - Forecast [Member]	Nov. 30, 2024 USD ($)
2024	$ 111,680
2025	70,931
Lessor, Operating Lease, Payment to be Received	$ 182,611

Note 11 - Product Warranty (Det

Note 11 - Product Warranty (Details Textual)	3 Months Ended
	Feb. 29, 2024
Standard Product Warrant Term (Year)	1 year

Note 11 - Product Warranty - Ch

Note 11 - Product Warranty - Changes in Product Warranty Liability (Details) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Balance, beginning	$ 295,113	$ 192,301
Provision charged to expense	83,735	115,596
Less amounts charged-off	(167,728)	(114,433)
Balance, ending	$ 211,120	$ 193,464

Note 12 - Loan and Credit Agr_3

Note 12 - Loan and Credit Agreements (Details Textual)						3 Months Ended		12 Months Ended
	Dec. 24, 2022 USD ($)	Dec. 18, 2022 USD ($)	May 17, 2022 USD ($)	Jun. 24, 2020 USD ($)	Jun. 18, 2020 USD ($)	Feb. 29, 2024 USD ($)	Nov. 30, 2023 USD ($)	Nov. 30, 2023 USD ($)	Mar. 04, 2024
Long-Term Debt						$ 2,712,566	$ 2,739,055	$ 2,739,055
Term Loan Due October 2037 [Member]
Long-Term Debt						$ 2,058,862	$ 2,080,718	$ 2,080,718
Debt Instrument, Interest Rate, Stated Percentage						7%	7%	7%
Debt Instrument, Periodic Payment						$ 19,648	$ 19,648
EIDL Assistance Program, Loan One [Member]
Proceeds from Issuance of Debt					$ 150,000
EIDL Assistance Program, Loan Three [Member]
Proceeds from Issuance of Debt				$ 150,000
Economic Injury Distaster Loan Assistance Program [Member]
Debt Instrument, Interest Rate, Stated Percentage				3.75%
Debt Instrument, Term (Year)						30 years
EIDL Assistance Program, Loan Two [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
EIDL Assistance Program [Member]
Long-Term Debt						$ 159,512
Bank Midwest [Member]
Line of Credit, Borrowing Base, Accounts Receivable						75%
Debt Instrument, Covenant, Minimum Working Capital								$ 4,000,000
Debt Instrument, Covenant, Maximum Debt to Worth Ratio								1
Debt Instrument, Covenant, Minimum Tangible Balance Sheet Equity, Percentage								40%
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio								1.25
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio, Tolerance								0.1
Bank Midwest [Member] | Minimum [Member]
Debt Instrument, Covenant, Annual Purchases or Sales Price of Equipment Before Requiring Bank Approval								$ 100,000
Bank Midwest [Member] | Term Loan Due October 2037 [Member]
Long-Term Debt						$ 2,600,000
Debt Instrument, Interest Rate, Stated Percentage						7%
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%
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | J. Ward McConnell Jr. [Member]
Personally Guaranteed, Percentage of Loan						38%
Personally Guaranteed, Fee, Percentage of Guaranteed Amount						2%
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] | Roof Term Loan [Member]
Long-Term Debt			$ 350,000			$ 350,000
Debt Instrument, Interest Rate, Stated Percentage			7%
Debt Instrument, Periodic Payment			$ 2,972
Debt Instrument, Number of Periodic Payment			59
Debt Instrument, Estimated Balloon Payments			$ 269,517
Bank Midwest [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						5,500,000
Long-Term Line of Credit						4,880,437
Line of Credit Facility, Remaining Borrowing Capacity						$ 619,563
Line of Credit, Borrowing Base, Inventory						50%
Debt Instrument, Basis Spread on Variable Rate						0.75%
Line of Credit Facility, Wall Street Journal Rate Floor						6%
Line of Credit Facility, Interest Rate During Period						9.25%
Change in Floating Interest Rate									0.50%
Bank Midwest [Member] | Term Loan Due October 2037 [Member]
Debt Instrument, Periodic Payment						$ 19,648
Bank Midwest [Member] | Term Loan Due October 2037 [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage						4.15%
Bank Midwest Loan 2 [Member] | Roof Term Loan [Member]
Long-Term Debt						$ 333,951

Note 12 - Loan and Credit Agr_4

Note 12 - Loan and Credit Agreements - Summary of Term Debt (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Long-Term Debt	$ 2,712,566	$ 2,739,055
Total term debt	2,872,078	2,899,654
Less term debt of discontinued operations	159,512	160,599
Less current portion of term debt	110,986	109,193
Term debt, excluding current portion	2,601,580	2,629,862
Term Loan Due October 2037 [Member]
Long-Term Debt	2,058,862	2,080,718
Bank Midwest Loan 2 [Member]
Long-Term Debt	333,951	336,858
SBA Loan One [Member]
Long-Term Debt	159,530	160,583
SBA Loan Two [Member]
Long-Term Debt	159,512	160,599
SBA Loan Three [Member]
Long-Term Debt	$ 160,223	$ 160,896

Note 12 - Loan and Credit Agr_5

Note 12 - Loan and Credit Agreements - Summary of Term Debt (Details) (Parentheticals) - USD ($)	3 Months Ended
	Feb. 29, 2024	Nov. 30, 2023
Term Loan Due October 2037 [Member]
Debt Instrument, Periodic Payment	$ 19,648	$ 19,648
Debt Instrument, Interest Rate, Stated Percentage	7%	7%
Debt instrument, maturity date	Oct. 01, 2037	Oct. 01, 2037
Debt instrument, periodic payment	$ 19,648	$ 19,648
Debt instrument, interest rate, stated percentage	7%	7%
Bank Midwest Loan 2 [Member]
Debt Instrument, Periodic Payment	$ 2,972	$ 2,972
Debt Instrument, Interest Rate, Stated Percentage	7%	7%
Debt instrument, maturity date	May 15, 2027	May 15, 2027
Debt instrument, periodic payment	$ 2,972	$ 2,972
Debt instrument, interest rate, stated percentage	7%	7%
SBA Loan One [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt instrument, periodic payment	$ 731	$ 731
Debt instrument, interest rate, stated percentage	3.75%	3.75%
Debt instrument, maturity date range, start	Dec. 18, 2022	Dec. 18, 2022
Debt instrument, maturity date range, end	Jun. 18, 2050	Jun. 18, 2050
SBA Loan Two [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt instrument, periodic payment	$ 731	$ 731
Debt instrument, interest rate, stated percentage	3.75%	3.75%
Debt instrument, maturity date range, start	Dec. 18, 2022	Dec. 18, 2022
Debt instrument, maturity date range, end	Jun. 18, 2050	Jun. 18, 2050
SBA Loan Three [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt instrument, periodic payment	$ 731	$ 731
Debt instrument, interest rate, stated percentage	3.75%	3.75%
Debt instrument, maturity date range, start	Dec. 24, 2022	Dec. 24, 2022
Debt instrument, maturity date range, end	Jun. 24, 2050	Jun. 24, 2050

Note 12 - Loan and Credit Agr_6

Note 12 - Loan and Credit Agreements - Summary of Minimum Maturities of Term Debt (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
2025	$ 110,986
2026	119,408
2027	127,909
2028	415,898
2029	130,027
2030 and thereafter	1,808,338
Long-Term Debt	$ 2,712,566	$ 2,739,055

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Nov. 30, 2023
Revenue from Contract with Customer, Including Assessed Tax	$ 5,723,000	$ 7,087,000
Accrued Liabilities, Current	1,023,596		$ 1,399,232
Related Party [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Accounts Receivable, after Allowance for Credit Loss	0	0
Costs and Expenses	3,931	4,170
Accrued Liabilities, Current	$ 1,329	$ 1,385

Note 15 - Leases - Components o

Note 15 - Leases - Components of Operating Leases (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Operating lease right-of-use assets (in other assets)	$ 20,302	$ 22,427
Current portion of operating lease liabilities (in accrued expenses)	8,756	8,653
Long-term portion of operating lease liabilities	11,546	13,774
Total operating lease liabilities	$ 20,302	$ 22,427

Note 15 - Leases - Components_2

Note 15 - Leases - Components of Finance Leases (Details) - USD ($)	Feb. 29, 2024	Nov. 30, 2023
Finance lease right-of-use assets (net of amortization in other assets)	$ 505,259	$ 511,367
Current portion of finance lease liabilities	255,677	257,454
Long-term portion of finance lease liabilities	701,208	722,200
Total finance lease liabilities	$ 956,885	$ 979,654

Note 16 - Equity Incentive Pl_3

Note 16 - Equity Incentive Plan and Stock Based Compensation (Details Textual)	Feb. 25, 2020 shares
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 (in shares)	1,000
Non-qualified Stock Units to Non-employee Directors, Quarterly [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	1,000
The 2020 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	500,000
The 2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	0

Note 16 - Equity Incentive Pl_4

Note 16 - Equity Incentive Plan and Stock Based Compensation - Summary of Shares Issued (Details) - shares	3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Shares issued (in shares)	74,000	87,250
Director [Member] | Vesting Immediately [Member]
Shares issued (in shares)	5,000	5,000
Employees, Directors, and Consultants [Member] | Awards with Three-year Vesting [Member]
Shares issued (in shares)	69,000	82,250

Note 18 - Segment Information_2

Note 18 - Segment Information (Details Textual)	3 Months Ended
	Feb. 29, 2024
Number of Reportable Segments	2

Note 18 - Segment Information -

Note 18 - Segment Information - Segment Reporting Information (Details) - USD ($)	3 Months Ended
	Feb. 29, 2024		Feb. 28, 2023		Nov. 30, 2023
Revenue from external customers	$ 5,723,394		$ 7,086,864
Gross profit	1,473,524		2,186,874
Operating Expense	1,853,606		1,643,428
Income (loss) from operations	(380,082)		543,446
Total Assets	24,253,995				$ 24,402,114
Capital expenditures	281,174		296,114
Depreciation & Amortization	208,116		201,903
Operating Segments [Member]
Revenue from external customers	5,723,000		7,087,000
Gross profit	1,473,000		2,187,000
Operating Expense	1,854,000		1,644,000
Income (loss) from operations	(380,000)		543,000
Income (loss) before tax	(537,000)		444,000
Total Assets	23,216,000		23,052,000
Capital expenditures	281,000	[1]	296,000	[2]
Depreciation & Amortization	208,000		202,000
Operating Segments [Member] | Agricultural Products [Member]
Revenue from external customers	4,236,000		5,445,000
Gross profit	1,141,000		1,864,000
Operating Expense	1,568,000		1,362,000
Income (loss) from operations	(426,000)		502,000
Income (loss) before tax	(574,000)		407,000
Total Assets	20,470,000		19,761,000
Capital expenditures	184,000	[1]	252,000	[2]
Depreciation & Amortization	148,000		125,000
Operating Segments [Member] | Modular Buildings [Member]
Revenue from external customers	1,487,000		1,642,000
Gross profit	332,000		323,000
Operating Expense	286,000		282,000
Income (loss) from operations	46,000		41,000
Income (loss) before tax	37,000		37,000
Total Assets	2,746,000		3,291,000
Capital expenditures	97,000	[1]	44,000	[2]
Depreciation & Amortization	$ 60,000		$ 77,000
[1]FY 2023 capital expenditures include finance leased assets of $118,000 in the Agricultural Products segment and $17,000 in the Modular Buildings segment.[2]FY 2022 capital expenditures include finance leased assets of $532,000 in the Agricultural Products segment.