Note 8 - Assets Held for Lease

6 Months Ended

May 31, 2022

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, 2022		November 30, 2021
Modular Buildings	$	521,555	$	521,555
Total assets held for lease	$	521,555	$	521,555

There were no rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three and six months ended May 31, 2022 and May 31, 2021.

The Company has two of the seven rental buildings under lease agreements as of July 5, 2022.

The future minimum lease receipts from assets held for lease for periods after May 31, 2022 are as follows:

Year Ending November 30,	Amount
2022	$	49,200
2023		90,950
Total	$	140,150

On June 14, 2022, the Company received a purchase order in the amount of $383,904 for the purchase of two rental buildings in the Company’s fleet.