Note 13 - Segment Information

9 Months Ended

Aug. 31, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

13) Segment Information

There are four reportable segments: agricultural products, pressurized vessels, modular buildings and tools. The agricultural products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. The pressurized vessels segment produces and services pressurized tanks. The modular buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The tools segment manufactures steel cutting tools and inserts.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses.

Approximate financial information with respect to the reportable segments is as follows.

	Three Months Ended August 31, 2015
	Agricultural Products			Pressurized Vessels			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	4,911,000		$	372,000		$	1,103,000	$	500,000		$	6,886,000
Income (loss) from operations		(861,000	)		(105,000	)		45,000		(83,000	)	$	(1,004,000	)
Income (loss) before tax		(1,019,000	)		(113,000	)		38,000		(91,000	)	$	(1,185,000	)
Total Assets		24,540,000			2,511,000			2,691,000		2,963,000		$	32,705,000
Capital expenditures		71,000			8,000			6,000		6,000		$	91,000.00
Depreciation & Amortization		159,000			27,000			31,000		30,000		$	247,000

	Three Months Ended August 31, 2014
	Agricultural Products		Pressurized Vessels			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	9,362,000	$	606,000		$	820,000	$	797,000		$	11,585,000
Income (loss) from operations		1,034,000		(59,000	)		7,000		(74,000	)	$	908,000
Income (loss) before tax		991,000		(64,000	)		-		(82,000	)	$	845,000
Total Assets		26,426,000		2,489,000			2,842,000		3,334,000		$	35,091,000
Capital expenditures		39,000		-			-		1,000		$	40,000
Depreciation & Amortization		147,000		27,000			36,000		29,000		$	239,000

	Nine Months Ended August 31, 2015
	Agricultural Products			Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	16,592,000		$	1,374,000		$	2,162,000		$	1,851,000		$	21,979,000
Income (loss) from operations		158,000			(171,000	)		(119,000	)		(128,000	)	$	(260,000	)
Income (loss) before tax		(83,000	)		(191,000	)		(139,000	)		(173,000	)	$	(586,000	)
Total Assets		24,540,000			2,511,000			2,691,000			2,963,000		$	32,705,000
Capital expenditures		204,000			10,000			4,000			11,000		$	229,000
Depreciation & Amortization		426,000			80,000			98,000			89,000		$	692,000

	Nine Months Ended August 31, 2014
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	21,366,000	$	1,504,000		$	1,818,000		$	2,603,000		$	27,291,000
Income (loss) from operations		1,430,000		(168,000	)		(233,000	)		28,000		$	1,057,000
Income (loss) before tax		1,292,000		(190,000	)		(249,000	)		(18,000	)	$	835,000
Total Assets		26,426,000		2,489,000			2,842,000			3,334,000		$	35,091,000
Capital expenditures		629,000		11,000			-			11,000		$	651,000
Depreciation & Amortization		356,000		81,000			110,000			86,000		$	633,000