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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 28, 2018
Nov. 30, 2017
Current assets:    
Cash $ 92,814 $ 212,400
Accounts receivable-customers, net of allowance for doubtful accounts of $16,165 and $32,298 in 2018 and 2017, respectively 1,827,102 1,910,294
Inventories, net 11,068,505 11,966,722
Cost and profit in excess of billings 2,778 65,146
Net investment in sales-type leases, current 119,512
Assets of discontinued operations 4,855 2,454
Other current assets 425,263 275,755
Total current assets 13,540,829 14,432,771
Property, plant, and equipment, net 5,818,795 5,946,957
Assets held for lease, net 1,201,515 1,217,164
Deferred income taxes 693,751 901,396
Goodwill 375,000 375,000
Net investment in sales-type leases, long-term 255,943
Other assets of discontinued operations 1,425,000 1,425,000
Other assets 80,478 81,545
Total assets 23,391,311 24,379,833
Current liabilities:    
Line of credit 1,960,530 2,462,530
Current portion of long-term debt 222,475 221,230
Accounts payable 929,474 673,653
Customer deposits 622,597 600,325
Billings in Excess of Cost and Profit 11,908 48,211
Accrued expenses 864,289 981,558
Liabilites of discontinued operations 49,211 59,149
Income taxes payable 3,100 3,100
Total current liabilities 4,663,584 5,049,756
Long-term liabilities    
Long-term liabilities of discontinued operations 587,989 590,366
Long-term debt, excluding current portion 2,693,606 2,748,677
Total liabilities 7,945,179 8,388,799
Commitments and Contingencies (Notes 8 and 9)
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2018 and 2017; issued 0 shares in 2018 and 2017.
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2018 and 2017; issued 4,209,752 in 2018 and 4,158,752 in 2017 42,097 41,587
Additional paid-in capital 2,908,100 2,859,052
Retained earnings 12,787,378 13,353,830
Accumulated other comprehensive expense (263,708) (257,010)
Treasury stock, at cost (9,286 in 2018 and 1,954 in 2017 shares) (27,735) (6,425)
Total stockholders’ equity 15,446,132 15,991,034
Total liabilities and stockholders’ equity $ 23,391,311 $ 24,379,833