Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	May. 31, 2015	Nov. 30, 2014
Current assets:
Cash	$ 601,724	$ 511,716
Accounts receivable-customers, net of allowance for doubtful accounts of $38,415 and $35,175 in 2015 and 2014, respectively	2,931,858	2,961,834
Inventories, net	15,971,257	15,089,280
Deferred taxes	1,312,855	1,259,943
Cost and Profit in Excess of Billings	85,819	17,543
Income taxes receivable		100,417
Other current assets	449,434	125,228
Total current assets	21,352,947	20,065,961
Property, plant, and equipment, net	11,371,871	11,680,792
Assets held for lease, net	26,591	58,500
Goodwill	993,729	993,729
Other Assets	42,890	47,360
Total assets	33,788,028	32,846,342
Current liabilities:
Line of credit	3,318,878	2,569,106
Less current portion of term debt	1,302,741	1,283,897
Accounts payable	938,959	874,653
Customer Deposits	702,686	95,411
Billings in Excess of Cost and Profit	127,296	96,382
Accrued expenses	1,495,657	1,584,328
Income taxes payable	10,150
Total current liabilities	7,896,367	6,503,777
Long-term liabilities
Deferred taxes	1,121,580	1,141,580
Long Term debt, excluding current portion	5,292,554	5,949,329
Total liabilities	$ 14,310,501	$ 13,594,686
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2015 and 2014; issued and outstanding 0 shares in 2015 and 2014.	$ 0	$ 0
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2015 and 2014; issued and outstanding 4,061,052 in 2015 and 4,048,552 in 2014	40,610	40,486
Additional paid-in capital	2,667,010	2,638,651
Retained earnings	16,769,907	16,572,519
Total stockholders’ equity	19,477,527	19,251,656
Total liabilities and stockholders’ equity	$ 33,788,028	$ 32,846,342

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.