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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
May 31, 2014
Nov. 30, 2013
Current assets:    
Cash $ 250,392 $ 207,950
Accounts receivable-customers, net of allowance for doubtful accounts of $46,412 and $35,474 in 2014 and 2013, respectively 3,277,554 2,999,903
Inventories, net 15,868,285 14,922,525
Deferred taxes 1,333,097 1,228,097
Cost and Profit in Excess of Billings 101,109 42,238
Income taxes receivable 377,682 108,513
Other current assets 613,884 242,146
Total current assets 21,822,003 19,751,372
Property, plant, and equipment, net 12,102,091 11,900,202
Assets held for lease, net 90,409 122,318
Goodwill 993,729 993,729
Total assets 35,008,232 32,767,621
Current liabilities:    
Line of credit 4,064,740 3,350,000
Current portion of term debt 1,265,596 1,228,964
Accounts payable 1,030,099 806,207
Customer deposits 1,055,716 147,505
Billings in Excess of Cost and Profit 68,217 17,721
Accrued expenses 1,584,885 1,718,475
Total current liabilities 9,069,253 7,268,872
Deferred taxes 1,032,645 952,645
Long Term debt, excluding current portion 6,595,084 6,251,959
Total liabilities 16,696,982 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 4,048,552 in 2014 and 4,046,552 in 2013 40,486 40,466
Additional paid-in capital 2,638,651 2,616,407
Retained earnings 15,632,113 15,637,272
Total stockholders’ equity 18,311,250 18,294,145
Total liabilities and stockholders’ equity $ 35,008,232 $ 32,767,621