Note 8 - Assets Held for Lease

3 Months Ended

Feb. 28, 2019

Notes to Financial Statements

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

8 ) Assets Held for Lease

Major components of assets held for lease are:

	February 28, 2019		November 30, 2018
West Union facility	$	-	$	878,079
Modular buildings		890,082		992,046
Net assets held for lease	$	890,082	$	1,870,125

Rents recognized from assets held for lease included in sales on the Consolidated Statements of Operations during the

first

quarter of fiscal

2019

were

$179,043

compared to

$48,960

in

2018.

  Rents recognized in sales were related to the leasing of modular buildings as a part of the normal course of business operations of the modular building segment.  Rents recognized from assets held for lease included in other income (expense) on the Consolidated Statements of Operations during the

first

quarter of fiscal

2019

were

$2,500

compared to

$38,180

in

2018.

  Rents related to the West Union facility in the agricultural products segment were recognized in other income as such income was outside of the scope of this segment’s normal business operations.  The West Union facility was sold on

December 14, 2018

for

$900,000.

Future minimum lease receipts from assets held for lease are as follows:

Future Minimum Lease Receipts
Year Ending November 30,	Amount
2019	$	263,250
2020		90,411
Total	$	353,661