Note 17 - Segment Information

3 Months Ended

Feb. 28, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

17 ) 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

4

“Discontinued Operations.”

	Three Months Ended February 28, 201 9
	Agricultural Products			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	2,610,000		$	1,022,000		$	492,000		$	4,124,000
Income (loss) from operations		(601,000	)		(98,000	)		(23,000	)		(722,000	)
Income (loss) before tax		(649,000	)		(99,000	)		(32,000	)		(780,000	)
Total Assets		14,852,000			3,564,000			2,487,000			20,903,000
Capital expenditures		34,000			18,000			1,000			53,000
Depreciation & Amortization		125,000			132,000			32,000			289,000

	Three Months Ended February 28, 201 8
	Agricultural Products			Modular Buildings			Tools		Consolidated
Revenue from external customers	$	3,930,000		$	739,000		$	697,000	$	5,366,000
Income (loss) from operations		(275,000	)		(60,000	)		26,000		(309,000	)
Income (loss) before tax		(270,000	)		(52,000	)		16,000		(306,000	)
Total Assets		16,246,000			3,154,000			2,561,000		21,961,000
Capital expenditures		29,000			35,000			-		64,000
Depreciation & Amortization		133,000			25,000			32,000		190,000

*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.