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Condensed Consolidated Balance Sheets (USD $)
Aug. 31, 2011
Nov. 30, 2010
Current assets:  
Cash$ 213,893$ 317,103
Accounts receivable-customers, net of allowance for doubtful accounts of $67,081 and $114,834 in 2011 and 2010, respectively3,345,4672,493,624
Inventories, net13,136,60013,795,816
Deferred taxes877,113821,000
Cost and Profit in Excess of Billings 256,739
Other current assets297,962245,774
Total current assets17,871,03517,930,056
Property, plant, and equipment, net8,278,9018,038,733
Assets held for lease, net472,095313,773
Covenant not to Compete, net75,000120,000
Goodwill375,000375,000
Total assets27,072,03126,777,562
Current liabilities:  
Notes payable to bank2,475,3872,084,000
Current portion of term debt638,528615,294
Accounts payable698,7451,008,688
Customer deposits285,767440,888
Billings in Excess of Cost and Profit340,48141,571
Accrued expenses1,320,5661,381,098
Income taxes payable55,540594,816
Total current liabilities5,815,0146,166,355
Deferred taxes739,425568,000
Term debt, excluding current portion5,976,0736,452,750
Total liabilities12,530,51213,187,105
Stockholders’ equity:  
Common stock – $0.01 par value. Authorized 5,000,000 shares; issued and outstanding 4,023,852 and 4,008,352 shares in 2011 and 201040,23840,084
Additional paid-in capital2,453,5742,328,668
Retained earnings12,047,70711,221,705
Total stockholders’ equity14,541,51913,590,457
Total liabilities and stockholders’ equity$ 27,072,031$ 26,777,562