Property Held for Sale

12 Months Ended

Nov. 03, 2018

Discontinued Operations and Disposal Groups [Abstract]

Property Held for Sale

NOTE 7 Property Held for Sale

The Company’s former sales center in Pace, Florida is currently under contract for sale. Accordingly, the net book value of the Pace property in the amount of $213,437 has been presented in the accompanying balance sheet as property held for sale (non-current asset) at November 3, 2018 and November 4, 2017. The Company has determined the fair value of such property held for sale exceeds its carrying value and no valuation allowance is necessary.

In April 2018, Nobility sold its Belleview facility that had been vacant since June 2015 for $635,000. This facility was on the balance sheet in property held for sale (non-current asset) for $386,018 in fiscal year 2017.