Note 4 - Disaggregation of Revenue

9 Months Ended

Aug. 31, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

4) 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, 2023
	Agricultural		Modular Buildings		Total
Farm equipment	$	4,581,000	$	-	$	4,581,000
Farm equipment service parts		846,000		-		846,000
Modular buildings		-		2,547,000		2,547,000
Modular building lease income		-		20,000		20,000
Other		103,000		20,000		123,000
	$	5,530,000	$	2,587,000	$	8,117,000

	Three Months Ended August 31, 2022
	Agricultural		Modular Buildings		Total
Farm equipment	$	5,610,000	$	-	$	5,610,000
Farm equipment service parts		594,000		-		594,000
Modular buildings		-		1,095,000		1,095,000
Modular building lease income		-		-		-
Other		141,000		36,000		177,000
	$	6,345,000	$	1,131,000	$	7,476,000

	Nine Months Ended August 31, 2023
	Agricultural		Modular Buildings		Total
Farm equipment	$	14,804,000	$	-	$	14,804,000
Farm equipment service parts		2,255,000		-		2,255,000
Modular buildings		-		5,950,000		5,950,000
Modular building lease income		-		85,000		85,000
Other		284,000		51,000		335,000
	$	17,343,000	$	6,086,000	$	23,429,000

	Nine Months Ended August 31, 2022
	Agricultural		Modular Buildings		Total
Farm equipment	$	13,655,000	$	-	$	13,655,000
Farm equipment service parts		1,828,000		-		1,828,000
Modular buildings		-		3,103,000		3,103,000
Modular building lease income		-		-		-
Other		340,000		105,000		445,000
	$	15,823,000	$	3,208,000	$	19,031,000

The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2021 and 2022 early order program to incentivize customers to stock farm equipment on their lots for fiscal 2022 and fiscal 2023. 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 cash flows compared with historical cash flows.

On August 31, 2023, the Company had approximately $1,313,000 in receivables on the floorplan program with a due date greater than 30 days compared to $850,000 on August 31, 2022.