Note 13 - Segment Information

9 Months Ended

Aug. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

13) Segment Information

There are three reportable segments: agricultural products, 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 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. The tables below exclude income and balance sheet data from discontinued operations. See Note 3 “Discontinued Operations.”

	Three Months Ended August 31, 2016
	Agricultural Products			Modular Buildings			Tools			Consolidated*
Revenue from external customers	$	4,992,000		$	910,000		$	530,000		$	6,431,000
Income (loss) from operations		(116,000	)		(59,000	)		(42,000	)	$	(217,000	)
Income (loss) before tax		(91,000	)		(65,000	)		(68,000	)	$	(224,000	)
Total Assets		21,209,000			2,887,000			2,654,000		$	26,750,000
Capital expenditures		31,000			-			22,000		$	53,000
Depreciation & Amortization		117,000			15,000			32,000		$	164,000

	Three Months Ended August 31, 2015
	Agricultural Products			Modular Buildings		Tools			Consolidated*
Revenue from external customers	$	4,911,000		$	1,103,000	$	500,000		$	6,514,000
Income (loss) from operations		(861,000	)		45,000		(83,000	)	$	(899,000	)
Income (loss) before tax		(1,019,000	)		38,000		(91,000	)	$	(1,072,000	)
Total Assets		24,540,000			2,691,000		2,963,000		$	30,194,000
Capital expenditures		71,000			6,000		6,000		$	83,000
Depreciation & Amortization		160,000			31,000		30,000		$	221,000

	Nine Months Ended August 31, 2016
	Agricultural Products		Modular Buildings		Tools			Consolidated*
Revenue from external customers	$	12,757,000	$	3,102,000	$	1,583,000		$	17,442,000
Income (loss) from operations		36,000		154,000		(123,000	)	$	67,000
Income (loss) before tax		24,000		140,000		(163,000	)	$	1,000
Total Assets		21,209,000		2,887,000		2,654,000		$	26,750,000
Capital expenditures		60,000		-		55,000		$	115,000
Depreciation & Amortization		377,000		46,000		93,000		$	516,000

	Nine Months Ended August 31, 2015
	Agricultural Products			Modular Buildings			Tools			Consolidated*
Revenue from external customers	$	16,592,000		$	2,162,000		$	1,851,000		$	20,605,000
Income (loss) from operations		158,000			(119,000	)		(128,000	)	$	(89,000	)
Income (loss) before tax		(83,000	)		(139,000	)		(173,000	)	$	(395,000	)
Total Assets		24,540,000			2,691,000			2,963,000		$	30,194,000
Capital expenditures		204,000			4,000			11,000		$	219,000
Depreciation & Amortization		426,000			98,000			89,000		$	613,000

* Segment figures in the table may not sum to the consolidated total due to rounding.