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Consolidated Balance Sheets (USD $)
Aug. 31, 2012
Nov. 30, 2011
Current assets:    
Cash $ 335,836 $ 118,924
Accounts receivable-customers, net of allowance for doubtful accounts of $61,832 and $49,583 in 2012 and 2011, respectively 6,231,666 2,030,369
Inventories, net 13,716,240 13,249,105
Deferred taxes 1,058,320 933,497
Cost and Profit in Excess of Billings   164,730
Other current assets 355,663 198,930
Total current assets 21,697,725 16,695,555
Property, plant, and equipment, net 9,554,435 8,085,719
Assets held for lease, net 368,844 452,441
Assets held for sale, net 183,200 186,362
Covenant not to Compete, net 15,000 60,000
Goodwill and other Intangibles 1,074,900 375,000
Total assets 32,894,104 25,855,077
Current liabilities:    
Line of credit 642,400 1,388,965
Current portion of term debt 1,149,926 712,962
Accounts payable 709,881 341,738
Customer deposits 93,758 338,484
Billings in Excess of Cost and Profit 1,876,312 74,052
Accrued expenses 2,166,021 1,363,276
Income taxes payable 845,945 350,996
Total current liabilities 7,484,243 4,570,473
Deferred taxes 901,771 810,904
Long Term debt, excluding current portion 7,589,442 5,743,159
Total liabilities 15,975,456 11,124,536
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares and 0 shares in 2012 and 2011; issued and outstanding 0 shares in 2012 and 2011. 0 0
Common stock – $0.01 par value. Authorized 9,500,000 and 5,000,000 shares in 2012 and 2011; issued and outstanding 4,035,852 and 4,025,852 shares in 2012 and 2011 40,358 40,259
Additional paid-in capital 2,540,312 2,461,233
Retained earnings 14,337,978 12,229,049
Total stockholders’ equity 16,918,648 14,730,541
Total liabilities and stockholders’ equity $ 32,894,104 $ 25,855,077