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Consolidated Balance Sheets (Unaudited) (USD $)
Feb. 28, 2014
Nov. 30, 2013
Current assets:    
Cash $ 85,949 $ 207,950
Accounts receivable-customers, net of allowance for doubtful accounts of $29,508 and $35,474 in 2014 and 2013, respectively 2,410,887 2,999,903
Inventories, net 15,920,713 14,922,525
Deferred taxes 1,228,097 1,228,097
Cost and Profit in Excess of Billings 34,963 42,238
Income taxes receivable 226,304 108,513
Other current assets 623,438 242,146
Total current assets 20,530,351 19,751,372
Property, plant, and equipment, net 12,135,199 11,900,202
Assets held for lease, net 106,364 122,318
Goodwill 993,729 993,729
Total assets 33,765,643 32,767,621
Current liabilities:    
Line of credit 3,802,810 3,350,000
Current portion of term debt 1,228,581 1,228,964
Accounts payable 1,056,891 806,207
Customer deposits 1,281,816 147,505
Billings in Excess of Cost and Profit 32,689 17,721
Accrued expenses 1,430,367 1,718,475
Total current liabilities 8,833,154 7,268,872
Deferred taxes 952,645 952,645
Long Term debt, excluding current portion 5,944,013 6,251,959
Total liabilities 15,729,812 14,473,476
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2014 and 2013; issued and outstanding 0 shares in 2014 and 2013. 0 0
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2014 and 2013; issued and outstanding 4,046,552 in 2014 and 4,046,552 in 2013 40,466 40,466
Additional paid-in capital 2,616,407 2,616,407
Retained earnings 15,378,958 15,637,272
Total stockholders’ equity 18,035,831 18,294,145
Total liabilities and stockholders’ equity $ 33,765,643 $ 32,767,621