Note 12 - Segment Information

6 Months Ended

May 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12) 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 May 31, 2016
	Agricultural Products			Pressurized Vessels			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	3,567,000		$	443,000		$	1,250,000	$	481,000		$	5,741,000
Income (loss) from operations		(96,000	)		(97,000	)		203,000		(43,000	)	$	(33,000	)
Income (loss) before tax		(118,000	)		(105,000	)		199,000		(51,000	)	$	(75,000	)
Total Assets		20,415,000			2,306,000			2,626,000		2,648,000		$	27,995,000
Capital expenditures		25,000			-			-		10,000		$	35,000
Depreciation & Amortization		132,000			29,000			16,000		31,000		$	208,000

	Three Months Ended May 31, 2015
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	6,365,000	$	476,000		$	409,000		$	554,000		$	7,804,000
Income (loss) from operations		579,000		(5,000	)		(97,000	)		(63,000	)	$	414,000
Income (loss) before tax		538,000		(11,000	)		(104,000	)		(69,000	)	$	354,000
Total Assets		25,330,000		2,765,000			2,659,000			3,034,000		$	33,788,000
Capital expenditures		55,000		-			(2,000	)		5,000		$	58,000
Depreciation & Amortization		126,000		29,000			52,000			30,000		$	237,000

	Six Months Ended May 31, 2016
	Agricultural Products		Pressurized Vessels			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	7,765,000	$	1,122,000		$	2,193,000	$	1,053,000		$	12,133,000
Income (loss) from operations		152,000		(169,000	)		212,000		(79,000	)	$	116,000
Income (loss) before tax		115,000		(180,000	)		206,000		(95,000	)	$	46,000
Total Assets		20,415,000		2,306,000			2,626,000		2,648,000		$	27,995,000
Capital expenditures		29,000		8,000			-		33,000		$	70,000
Depreciation & Amortization		260,000		58,000			31,000		61,000		$	410,000

	Six Months Ended May 31, 2015
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	11,681,000	$	1,003,000		$	1,058,000		$	1,351,000		$	15,093,000
Income (loss) from operations		1,018,000		(66,000	)		(164,000	)		(45,000	)	$	743,000
Income (loss) before tax		937,000		(78,000	)		(177,000	)		(83,000	)	$	599,000
Total Assets		25,330,000		2,765,000			2,659,000			3,034,000		$	33,788,000
Capital expenditures		133,000		2,000			-			5,000		$	140,000
Depreciation & Amortization		262,000		53,000			85,000			59,000		$	459,000