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Consolidated Balance Sheets - USD ($)
Nov. 30, 2022
Nov. 30, 2021
Current assets:    
Cash $ 5,055 $ 2,658
Accounts receivable-customers, net of allowance for doubtful accounts of $34,699 and $38,188 in 2022 and 2021, respectively 2,722,298 2,663,030
Inventories, net 10,611,552 9,210,103
Cost and profit in excess of billings 450,906 177,284
Other current assets 343,618 121,170
Total current assets 14,133,429 12,174,245
Property, plant, and equipment, net 6,178,917 5,237,328
Assets held for lease, net 400,325 521,555
Deferred income taxes 2,605,395 2,621,886
Other assets 630,248 299,034
Total assets 23,948,314 20,854,048
Current liabilities:    
Accounts payable 2,630,966 1,737,091
Customer deposits 828,565 278,509
Billings in excess of cost and profit 328,041 280,761
Income taxes payable 3,500 5,500
Accrued expenses 1,283,204 1,162,373
Line of credit 3,924,500 4,074,530
Current portion of finance lease liabilities 170,835 48,591
Current portion of long-term debt 97,678 99,462
Total current liabilities 9,267,289 7,686,817
Long-term liabilities    
Long-term portion of operating lease liabilities 24,016 34,931
Long-term portion of finance lease liabilities 602,131 142,386
Long-term debt, excluding current portion 2,904,241 2,635,467
Total liabilities 12,797,677 10,499,601
Commitments and Contingencies  
Stockholders’ equity:    
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2022 and 2021; issued and outstanding 0 shares in 2022 and 2021. 0 0
Common stock – $0.01 par value. Authorized 9,500,000 shares in 2022 and 2021; issued 5,013,671 in 2022 and 4,583,504 in 2021 50,137 45,835
Additional paid-in capital 4,547,172 3,760,649
Retained earnings 6,754,284 6,656,487
Treasury stock, at cost (64,574 in 2022 and 44,532 in 2021 shares) (200,956) (108,524)
Total stockholders’ equity 11,150,637 10,354,447
Total liabilities and stockholders’ equity $ 23,948,314 $ 20,854,048