XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 29, 2016
Nov. 30, 2015
Current assets:    
Cash $ 629,263 $ 447,334
Accounts receivable-customers, net of allowance for doubtful accounts of $45,489 and $18,810 in 2016 and 2015, respectively 2,809,096 2,057,739
Inventories, net 14,684,205 15,699,084
Deferred taxes 1,144,979 1,146,242
Cost and Profit in Excess of Billings 125,379 206,672
Income taxes receivable 310,134 345,912
Other current assets 228,741 59,336
Total current assets 19,931,797 19,962,319
Property, plant, and equipment, net 9,529,104 9,694,913
Assets held for sale, net 114,858 1,245,432
Goodwill 375,000 375,000
Other Assets 47,484 53,944
Total assets 29,998,243 31,331,608
Current liabilities:    
Line of credit 3,790,175 3,959,656
Current portion of long-term debt 848,655 1,322,662
Accounts payable 629,812 522,400
Customer deposits 432,911 166,626
Billings in Excess of Cost and Profit 92,995 86,858
Accrued expenses 1,048,058 1,279,913
Total current liabilities 6,842,606 7,338,115
Long-term liabilities    
Deferred taxes 846,960 846,960
Long-term debt, excluding current portion 3,696,594 4,626,667
Total liabilities $ 11,386,160 $ 12,811,742
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2016 and 2015; issued and outstanding 0 shares in 2016 and 2015. $ 0 $ 0
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2016 and 2015; issued and outstanding 4,100,052 in 2016 and 4,061,052 in 2015 41,001 40,611
Additional paid-in capital 2,677,872 2,667,010
Retained earnings 15,893,210 15,812,245
Total stockholders’ equity 18,612,083 18,519,866
Total liabilities and stockholders’ equity $ 29,998,243 $ 31,331,608