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Consolidated Balance Sheets (USD $)
Nov. 30, 2012
Nov. 30, 2011
Current assets:    
Cash $ 1,546,609 $ 118,924
Accounts receivable-customers, net of allowance for doubtful accounts of $27,958 and $49,583 in 2012 and 2011, respectively 2,778,007 2,030,369
Inventories, net 14,327,482 13,249,105
Deferred taxes 1,061,806 933,497
Cost and Profit in Excess of Billings 102,058 164,730
Other current assets 309,800 198,930
Total current assets 20,125,762 16,695,555
Property, plant, and equipment, net 9,562,698 8,085,719
Assets held for lease, net 340,979 452,441
Assets held for sale, net 205,508 186,362
Covenant not to Compete, net   60,000
Goodwill and other Intangibles 993,729 375,000
Total assets 31,228,676 25,855,077
Current liabilities:    
Line of credit   1,388,965
Current portion of term debt 1,165,177 712,962
Accounts payable 654,322 341,738
Customer deposits 232,300 338,484
Billings in Excess of Cost and Profit 1,125,666 74,052
Accrued expenses 1,960,240 1,363,276
Income taxes payable 821,300 350,996
Total current liabilities 5,959,005 4,570,473
Deferred taxes 897,492 810,904
Long Term debt, excluding current portion 7,300,957 5,743,159
Total liabilities 14,157,454 11,124,536
Common stock – $0.01 par value. Authorized 9,500,000 and 5,000,000 shares in 2012 and 2011; issued and outstanding 4,035,052 and 4,025,852 shares in 2012 and 2011 40,351 40,259
Additional paid-in capital 2,540,320 2,461,233
Retained earnings 14,490,551 12,229,049
Total stockholders’ equity 17,071,222 14,730,541
Total liabilities and stockholders’ equity $ 31,228,676 $ 25,855,077