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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Aug. 31, 2017
Nov. 30, 2016
Current assets:    
Cash $ 393,276 $ 1,063,716
Accounts receivable-customers, net of allowance for doubtful accounts of $36,642 and $22,746 in 2017 and 2016, respectively 2,416,119 1,420,051
Inventories, net 13,180,464 13,529,352
Deferred income taxes 1,066,740
Cost and profit in excess of billings 9,867 108,349
Income taxes receivable 265,924
Assets of discontinued operations 22,034 9,700
Other current assets 315,064 158,087
Total current assets 16,336,824 17,621,919
Property, plant, and equipment, net 6,076,275 7,387,187
Assets held for lease, net 1,232,940
Assets held for sale, net 70,000 70,000
Goodwill 375,000 375,000
Other assets of discontinued operations 1,714,198 1,745,528
Deferred income taxes 649,054
Other assets 37,487 42,956
Total assets 26,491,778 27,242,590
Current liabilities:    
Line of credit 3,734,114 3,284,114
Current portion of long-term debt 2,374,665 1,807,937
Accounts payable 1,340,209 469,481
Customer deposits 124,225 289,195
Billings in Excess of Cost and Profit 88,800 4,297
Accrued expenses 1,033,694 1,019,056
Liabilites of discontinued operations 656,058 182,426
Income taxes payable 3,100
Total current liabilities 9,354,865 7,056,506
Long-term liabilities    
Deferred taxes 737,519
Long-term liabilities of discontinued operations 585,168
Long-term debt, excluding current portion 268,805 1,387,118
Total liabilities 9,623,670 9,766,311
Commitments and Contingencies (Notes 7 and 8)
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2017 and 2016; issued 0 shares in 2017 and 2016.
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2017 and 2016; issued 4,158,752 in 2017 and 4,109,052 in 2016 41,587 41,091
Additional paid-in capital 2,838,238 2,746,509
Retained earnings 14,236,529 14,990,911
Accumulated other comprehensive income (241,821) (302,232)
Treasury stock, at cost (1,838 in 2017 and 0 in 2016 shares) (6,425)
Total stockholders’ equity 16,868,108 17,476,279
Total liabilities and stockholders’ equity $ 26,491,778 $ 27,242,590