Note 13 - Segment Information

3 Months Ended

Feb. 28, 2017

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 February 28, 2017
	Agricultural Products			Modular Buildings			Tools		Consolidated
Revenue from external customers	$	3,368,000		$	388,000		$	665,000	$	4,421,000
Income (loss) from operations		(220,000	)		(154,000	)		21,000	$	(352,000	)
Income (loss) before tax		(217,000	)		(158,000	)		11,000	$	(365,000	)
Total Assets		19,063,000			2,849,000			2,657,000	$	24,569,000
Capital Expenditures		129,000			-			66,000	$	195,000
Depreciation & Amortization		125,000			15,000			31,000	$	171,000

	Three Months Ended February 29, 2016
	Agricultural Products		Modular Buildings		Tools			Consolidated
Revenue from external customers	$	4,198,000	$	943,000	$	572,000		$	5,713,000
Income (loss) from operations		248,000		9,000		(36,000	)	$	221,000
Income (loss) before tax		233,000		7,000		(44,000	)	$	195,000
Total Assets		21,844,000		2,838,000		2,736,000		$	27,418,000
Capital Expenditures		4,000		-		23,000		$	26,000
Depreciation & Amortization		128,000		15,000		30,000		$	173,000

*Segment figures in the table

may

not sum to the consolidated total due to rounding.