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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Aug. 31, 2014
Nov. 30, 2013
Current assets:    
Cash $ 237,090 $ 207,950
Accounts receivable-customers, net of allowance for doubtful accounts of $74,681 and $35,474 in 2014 and 2013, respectively 4,984,017 2,999,903
Inventories, net 14,970,026 14,922,525
Deferred taxes 1,393,097 1,228,097
Cost and Profit in Excess of Billings 187,921 42,238
Income taxes receivable 112,334 108,513
Other current assets 323,663 242,146
Total current assets 22,208,148 19,751,372
Property, plant, and equipment, net 11,815,156 11,900,202
Assets held for lease, net 74,454 122,318
Goodwill 993,729 993,729
Total assets 35,091,487 32,767,621
Current liabilities:    
Line of credit 4,839,383 3,350,000
Current portion of term debt 1,274,192 1,228,964
Accounts payable 998,410 806,207
Customer deposits 121,391 147,505
Billings in Excess of Cost and Profit 98,890 17,721
Accrued expenses 1,508,579 1,718,475
Total current liabilities 8,840,845 7,268,872
Deferred taxes 1,107,645 952,645
Long Term debt, excluding current portion 6,273,537 6,251,959
Total liabilities 16,222,027 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 16,190,323 15,637,272
Total stockholders’ equity 18,869,460 18,294,145
Total liabilities and stockholders’ equity $ 35,091,487 $ 32,767,621