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Condensed Consolidated Balance Sheets (USD $)
May 31, 2013
Nov. 30, 2012
Current assets:    
Cash $ 2,123,272 $ 1,546,609
Accounts receivable-customers, net of allowance for doubtful accounts of $31,187 and $27,958 in 2013 and 2012, respectively 2,365,799 2,778,007
Inventories, net 14,819,571 14,327,482
Deferred taxes 1,087,143 1,061,806
Cost and Profit in Excess of Billings   102,058
Other current assets 337,923 309,800
Total current assets 20,733,708 20,125,762
Property, plant, and equipment, net 9,432,830 9,562,698
Assets held for lease, net 285,248 340,979
Assets held for sale, net   205,508
Goodwill and other Intangibles 993,729 993,729
Total assets 31,445,515 31,228,676
Current liabilities:    
Current portion of term debt 1,282,782 1,165,177
Accounts payable 862,737 654,322
Customer deposits 992,139 232,300
Billings in Excess of Cost and Profit 28,079 1,125,666
Accrued expenses 1,959,960 1,960,240
Income taxes payable 199,215 821,300
Total current liabilities 5,324,912 5,959,005
Deferred taxes 825,682 897,492
Long Term debt, excluding current portion 6,860,383 7,300,957
Total liabilities 13,010,977 14,157,454
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2013 and 2012; issued and outstanding 0 shares in 2013 and 2012. 0 0
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2013 and 2012; issued and outstanding 4,037,552 in 2013 and 4,035,052 in 2012 40,376 40,351
Additional paid-in capital 2,570,107 2,540,320
Retained earnings 15,824,055 14,490,551
Total stockholders’ equity 18,434,538 17,071,222
Total liabilities and stockholders’ equity $ 31,445,515 $ 31,228,676