XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Nov. 30, 2013
Nov. 30, 2012
Current assets:    
Cash $ 207,950 $ 1,546,609
Accounts receivable-customers, net of allowance for doubtful accounts of $35,474 and $27,958 in 2013 and 2012, respectively 2,999,903 2,778,007
Inventories, net 14,922,525 14,327,482
Deferred taxes 1,228,097 1,061,806
Cost and Profit in Excess of Billings 42,238 102,058
Income taxes receivable 108,513  
Other current assets 242,146 309,800
Total current assets 19,751,372 20,125,762
Property, plant, and equipment, net 11,900,202 [1] 9,562,698
Assets held for lease, net 122,318 340,979
Assets held for sale, net   205,508
Goodwill 993,729 993,729
Total assets 32,767,621 31,228,676
Current liabilities:    
Line of credit 3,350,000  
Current portion of term debt 1,228,964 1,165,177
Accounts payable 806,207 654,322
Customer deposits 147,505 232,300
Billings in Excess of Cost and Profit 17,721 1,125,666
Accrued expenses 1,718,475 1,960,240
Income taxes payable   821,300
Total current liabilities 7,268,872 5,959,005
Deferred taxes 952,645 897,492
Long Term debt, excluding current portion 6,251,959 7,300,957
Total liabilities 14,473,476 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 4,046,552 in 2013 and 4,035,052 in 2012 40,466 40,351
Additional paid-in capital 2,616,407 2,540,320
Retained earnings 15,637,272 14,490,551
Total stockholders’ equity 18,294,145 17,071,222
Total liabilities and stockholders’ equity $ 32,767,621 $ 31,228,676
[1] includes assets purchased with Ohio Metal and Agro Trend acquisitions