)

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

“Discontinued Operations.”

	Three Months Ended May 31, 2017
	Agricultural Products			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	3,162,000		$	888,000		$	639,000		$	4,689,000
Income (loss) from operations		(657,000	)		(19,000	)		(45,000	)	$	(721,000	)
Income (loss) before tax		(647,000	)		(34,000	)		(56,000	)	$	(737,000	)
Total Assets		19,443,000			3,400,000			2,702,000		$	25,545,000
Capital expenditures		75,000			-			24,000		$	99,000
Depreciation & Amortization		126,000			14,000			32,000		$	172,000

	Three Months Ended May 31, 2016
	Agricultural Products			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	3,567,000		$	1,250,000	$	481,000		$	5,298,000
Income (loss) from operations		(96,000	)		203,000		(43,000	)	$	64,000
Income (loss) before tax		(118,000	)		199,000		(51,000	)	$	30,000
Total Assets		20,415,000			2,626,000		2,648,000		$	25,689,000
Capital expenditures		25,000			-		10,000		$	35,000
Depreciation & Amortization		132,000			16,000		31,000		$	179,000

	Six Months Ended May 31, 2017
	Agricultural Products			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	6,530,000		$	1,276,000		$	1,304,000		$	9,110,000
Income (loss) from operations		(877,000	)		(173,000	)		(25,000	)	$	(1,075,000	)
Income (loss) before tax		(865,000	)		(192,000	)		(45,000	)	$	(1,102,000	)
Total Assets		19,442,000			3,400,000			2,702,000		$	25,545,000
Capital expenditures		204,000			-			90,000		$	294,000
Depreciation & Amortization		251,000			28,000			63,000		$	342,000

	Six Months Ended May 31, 2016
	Agricultural Products		Modular Buildings		Tools			Consolidated
Revenue from external customers	$	7,765,000	$	2,193,000	$	1,053,000		$	11,011,000
Income (loss) from operations		152,000		212,000		(79,000	)	$	285,000
Income (loss) before tax		115,000		206,000		(95,000	)	$	226,000
Total Assets		20,415,000		2,626,000		2,648,000		$	25,689,000
Capital expenditures		29,000		-		33,000		$	62,000
Depreciation & Amortization		260,000		31,000		61,000		$	352,000

*Segment figures in the table

may

not

sum to the consolidated total due to rounding.