Note 9 - Assets Available for Sale

3 Months Ended

Feb. 28, 2017

Notes to Financial Statements

Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]

9) Assets Available for Sale

Major components of assets available for sale (excluding assets of discontinued operations as discussed in Note

3

“Discontinued Operations”) are:

	February 28, 2017		November 30, 2016
Ames, Iowa powder coat paint system	$	70,000	$	70,000
	$	70,000	$	70,000

Due to reduced demand for our reels produced by the Universal Harvester by Art’s Way subsidiary, we have been able to absorb the production of reels into our Armstrong, Iowa facility. We continue to hold our powder coat system previously used in our Ames, Iowa location as available for sale. During fiscal

2016,

we recognized an impairment of

$44,858

related to this asset based on recent offers and comparable sales information