Note 7 - Assets Held for Lease

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]

7 ) Assets Held for Lease

Major components of assets held for lease are:

	August 31, 2018		November 30, 2017
West Union Facility	$	900,000	$	1,118,330
Modular Buildings		763,855		98,834
	$	1,663,855	$	1,217,164

During the

third

quarter of

2018,

the Company discovered mold in its West Union facility.  The Company estimates the remediation will cost approximately

$252,000

and has included this amount in other accrued expense at

August 31, 2018. 

The Company also scrapped approximately

$67,000

of inventory related to mold remediation.  Both the remediation cost and inventory scrap have been included in other income (expense) on the statement of operations.  As a result of an adverse change in physical condition of this asset, circumstances indicate that its carrying amount

may

not

be recoverable.  The Company recognized approximately

$199,000

related to the impairment of this asset in the

three

months ended

August 31, 2018.