(

)

Assets Available for Sale

and Assets Held for Lease

Major components of assets available for sale

(excluding assets of discontinued operations as discussed in Note

“Discontinued Operations”) are:

	November 30, 2017		November 30, 2016
Ames, Iowa powder coat paint system	$	-	$	70,000
	$	-	$	70,000

Due to reduced demand for

the Company’s reels produced by the Universal Harvester by Art’s Way subsidiary, the Company has been able to absorb the production of the reels in its Armstrong, Iowa facility. The Company continues to hold its powder coat system previously used in its Ames, Iowa location as available for sale. During fiscal

2017,

the Company recognized an impairment of

$70,000

related to this asset due to its inability to find a buyer for this type of specialized equipment. During fiscal

2016,

the Company had recognized an impairment of

$44,858

related to this asset based on a previous offer.

Major components of assets held for lease are:

	November 30, 2017		November 30, 2016
West Union Facility	$	1,118,330	$	-
Modular Buildings		98,834		-
	$	1,217,164	$	-

The Company currently leases more than half the West Union facility to

third

parties for storage purposes.

The Company

’s Modular Buildings segment enters into leasing arrangements with customers from time-to-time. A small leased facility was put into service in the

third

quarter of fiscal

2017.