Note 16 - Segment Information

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

16 ) Segment Information

There are

three

reportable segments: agricultural products, modular buildings and tools. The agricultural products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. The modular buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The tools segment manufactures steel cutting tools and inserts.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses.

Approximate financial information with respect to the reportable segments is as follows. The tables below exclude income and balance sheet data from discontinued operations. See Note

3

“Discontinued Operations.”

	Three Months Ended August 31, 2018
	Agricultural Products			Modular Buildings			Tools		Consolidated
Revenue from external customers	$	3,913,000		$	773,000		$	594,000	$	5,280,000
Income (loss) from operations		(450,000	)		(141,000	)		32,000	$	(559,000	)
Income (loss) before tax		(835,000	)		(136,000	)		22,000	$	(949,000	)
Total Assets		15,999,000			3,692,000			2,484,000	$	22,175,000
Capital expenditures		92,000			13,000			-	$	105,000
Depreciation & Amortization		126,000			116,000			31,000	$	73,000

	Three Months Ended August 31, 2017
	Agricultural Products		Modular Buildings			Tools		Consolidated
Revenue from external customers	$	5,065,000	$	767,000		$	718,000	$	6,550,000
Income (loss) from operations		118,000		(37,000	)		28,000	$	109,000
Income (loss) before tax		123,000		(45,000	)		15,000	$	93,000
Total Assets		18,941,000		3,094,000			2,721,000	$	24,756,000
Capital expenditures		61,000		117,000			-	$	178,000
Depreciation & Amortization		125,000		17,000			32,000	$	174,000

	Nine Months Ended August 31, 2018
	Agricultural Products			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	11,778,000		$	2,346,000		$	1,816,000		$	15,940,000
Income (loss) from operations		(988,000	)		(347,000	)		9,000		$	(1,326,000	)
Income (loss) before tax		(1,681,000	)		(329,000	)		(24,000	)	$	(2,034,000	)
Total Assets		15,999,000			3,692,000			2,484,000		$	22,175,000
Capital expenditures		163,000			99,000			4,000		$	266,000
Depreciation & Amortization		391,000			196,000			95,000		$	682,000

	Nine Months Ended August 31, 2017
	Agricultural Products			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	11,595,000		$	2,043,000		$	2,022,000		$	15,660,000
Income (loss) from operations		(758,000	)		(209,000	)		3,000		$	(964,000	)
Income (loss) before tax		(743,000	)		(237,000	)		(30,000	)	$	(1,010,000	)
Total Assets		18,941,000			3,094,000			2,721,000		$	24,756,000
Capital expenditures		265,000			117,000			90,000		$	472,000
Depreciation & Amortization		376,000			46,000			95,000		$	517,000

*The consolidated total in the table is a sum of segment figures and

may

not

tie to actual figures in the condensed consolidated financial statements due to rounding.