Note 3 - Disaggregation of Revenue

9 Months Ended

Aug. 31, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

3) Disaggregation of Revenue

The following table displays revenue by reportable segment from external customers, disaggregated by major source. The Company believes disaggregating by these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

	Three Months Ended August 31, 2022
	Agricultural		Modular Buildings		Tools		Total
Farm equipment	$	5,610,000	$	-	$	-	$	5,610,000
Farm equipment service parts		594,000		-		-		594,000
Steel cutting tools and inserts		-		-		652,000		652,000
Modular buildings		-		1,095,000		-		1,095,000
Modular building lease income		-		-		-		-
Other		141,000		36,000		12,000		189,000
	$	6,345,000	$	1,131,000	$	664,000	$	8,140,000

	Three Months Ended August 31, 2021
	Agricultural		Modular Buildings		Tools		Total
Farm equipment	$	3,831,000	$	-	$	-	$	3,831,000
Farm equipment service parts		749,000		-		-		749,000
Steel cutting tools and inserts		-		-		613,000		613,000
Modular buildings2		-		1,256,000		-		1,256,000
Modular building lease income		-		-		-		-
Other		80,000		57,000		6,000		143,000
	$	4,660,000	$	1,313,000	$	619,000	$	6,592,000

	Nine Months Ended August 31, 2022
	Agricultural		Modular Buildings		Tools		Total
Farm equipment	$	13,655,000	$	-	$	-	$	13,655,000
Farm equipment service parts		1,828,000		-		-		1,828,000
Steel cutting tools and inserts		-		-		1,964,000		1,964,000
Modular buildings		-		3,103,000		-		3,103,000
Modular building lease income		-		-		-		-
Other		340,000		105,000		34,000		479,000
	$	15,823,000	$	3,208,000	$	1,998,000	$	21,029,000

	Nine Months Ended August 31, 2021
	Agricultural		Modular Buildings		Tools		Total
Farm equipment	$	9,723,000	$	-	$	-	$	9,723,000
Farm equipment service parts		2,027,000		-		-		2,027,000
Steel cutting tools and inserts		-		-		1,872,000		1,872,000
Modular buildings		-		3,573,000		-		3,573,000
Modular building lease income		-		-		-		-
Other		267,000		225,000		16,000		508,000
	$	12,017,000	$	3,798,000	$	1,888,000	$	17,703,000

The Company offered floorplan terms in its Agricultural Products segment during its Fall 2021 early order program to incentivize customers to stock farm equipment on their lots. Floorplan terms allow customers to pay the Company at the earliest of retail date or 180 days. This program has an effect on the timing of the Company’s fiscal 2022 cash flows compared with historical cash flows.