Note 8 - Assets Held for Lease

9 Months Ended

Aug. 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:

	August 31, 2020		November 30, 2019
Modular Buildings	$	521,516	$	713,782
Net assets held for lease	$	521,516	$	713,782

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

three

and

nine

months ended

August 31, 2020

were

$0

and

$318,227,

respectively, compared to

$164,508

and

$512,017

for the

three

and

nine

months ended

August 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

August 31, 2020.