Note 6 - Assets Held for Lease

12 Months Ended

Nov. 30, 2020

Notes to Financial Statements

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

( 6 ) Assets Held for Lease

Major components of assets held for lease are:

	November 30, 2020		November 30, 2019
Modular Buildings	$	521,555	$	713,782
Total assets held for lease	$	521,555	$	713,782

The Company's Modular Buildings segment enters into leasing arrangements with customers from time-to-time. The Company had

seven

buildings in assets held for lease at

November 30, 2020

compared to

eight

at

November 30, 2019.

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. Rents recognized from assets held for lease included in sales on the consolidated statements of operations during the

2020

fiscal year were

$318,000

compared to

$674,000

in the

2019

fiscal year. Rents recognized from assets held for lease included in other income (expense) on the consolidated statements of operations during the

2019

fiscal year were

$2,500.

The Company has

no

expected future minimum lease receipts from assets held for lease at

November 30, 2020.