XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 13 - Segment Information
9 Months Ended
Aug. 31, 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 reportabl
e 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, 2017
 
   
Agricultural
Products
   
Modular Buildings
   
Tools
   
Consolidated
 
Revenue from
external customers
  $
5,065,000
    $
767,000
    $
718,000
    $
6,550,000
 
Income (loss) from operations
   
118,000
     
(37,000
)    
28,000
    $
109,000
 
Income (loss) before tax
   
123,000
     
(45,000
)    
15,000
    $
93,000
 
Total Assets
   
18,941,000
     
3,094,000
     
2,721,000
    $
24,756,000
 
Capital expenditures
   
61,000
     
117,000
     
-
    $
178,000
 
Depreciation & Amortization
   
125,000
     
17,000
     
32,000
    $
174,000
 
 
   
Three Months Ended August 31, 2016
 
   
Agricultural
Products
   
Modular Buildings
   
Tools
   
Consolidated
 
Revenue from
external customers
  $
4,992,000
    $
910,000
    $
530,000
    $
6,432,000
 
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
 
 
   
Nine Months Ended August 31, 2017
 
   
Agricultural
Products
   
Modular Buildings
   
Tools
   
Consolidated
 
Revenue from
external customers
  $
11,595,000
    $
2,043,000
    $
2,022,000
    $
15,660,000
 
Income (loss) from operations
   
(758,000
)    
(209,000
)    
3,000
    $
(964,000
)
Income (loss) before tax
   
(743,000
)    
(237,000
)    
(30,000
)   $
(1,010,000
)
Total Assets
   
18,941,000
     
3,094,000
     
2,721,000
    $
24,756,000
 
Capital expenditures
   
265,000
     
117,000
     
90,000
    $
472,000
 
Depreciation & Amortization
   
372,000
     
46,000
     
95,000
    $
513,000
 
 
   
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
 
 
*
Consolidated figures in the table are comprised of the sum of the segments and
may
not
agree to the total in the financial statements due to rounding.