Note 5 - Property, Plant, and Equipment

12 Months Ended

Nov. 30, 2014

Property, Plant and Equipment Disclosure [Text Block]

(5)

Property, Plant, and Equipment

Major classes of property, plant, and equipment are:

	November 30, 2014			November 30, 2013
Land	$	1,188,155		$	1,188,155
Buildings and improvements		10,542,327			10,315,222
Construction in Progress		107,807			404,016
Manufacturing machinery and equipment		14,097,934			13,555,073
Trucks and automobiles		433,962			436,367
Furniture and fixtures		149,022			149,022
		26,519,207			26,047,855
Less accumulated depreciation		(14,838,415	)		(14,147,653	)
Property, plant and equipment	$	11,680,792		$	11,900,202

Depreciation expense totaled $906,702 and $704,457 for the fiscal years ended November 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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