Note 15 - Subsequent Event

9 Months Ended

Aug. 31, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

15 ) Subsequent Event

On

September 28, 2017

the Company entered into a credit facility with Bank Midwest, which terminated the loan agreements with US Bank.

 Under the new credit facility, monthly debt service amounts to Bank Midwest will be approximately

$20,500,

compared to

$65,300

of monthly payments to US Bank under the previous credit facility. The Bank Midwest credit facility also provides for a line of credit of

$5,000,000,

compared to the

$4,500,000

line of credit with US Bank. Details on the terms of the debt agreements are described more fully in Note

8.

  Management evaluated all other activity of the Company and concluded that

no

additional subsequent events have occurred that would require recognition in the condensed consolidated financial statements.