Note 8 - Assets Held for Lease

6 Months Ended

May 31, 2020

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:

	May 31, 2020		November 30, 2019
Modular Buildings	$	622,065	$	713,783
Net assets held for lease	$	622,065	$	713,783

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

three

and

six

months ended

May 31, 2020

were

$162,719

and

$318,227,

respectively, compared to

$168,465

and

$347,509

for the

three

and

six

months ended

May 31, 2019,

respectively. 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 Buildings segment.

The Company has

no

future minimum lease receipts under contract from assets held for lease as of

May 31, 2020.