Note 6 - Assets Held for Lease

12 Months Ended

Nov. 30, 2021

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, 2021		November 30, 2020
Modular Buildings	$	521,555	$	521,555
Total assets held for lease	$	521,555	$	521,555

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 for the years ending November 30, 2021 and 2020.

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. There were no rents recognized from assets held for lease included in sales on the Consolidated Statements of Operations during the 2021 fiscal year compared to $318,000 in the 2020 fiscal year.

The Company has no expected future minimum lease receipts from assets held for lease on November 30, 2021.