Note 18 - Segment Information

12 Months Ended

Nov. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(18) Segment Information

There are two reportable segments: Agricultural Products and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as replacement parts for these products in the United States and worldwide. The Modular Buildings segment produces modular buildings for animal containment and various laboratory uses.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes.

Approximate financial information with respect to the reportable segments is as follows.

	Twelve Months Ended November 30, 2023
	Agricultural Products		Modular Buildings		Consolidated
Revenue from external customers	$	22,467,000	$	7,814,000	$	30,281,000
Gross profit	$	6,584,000	$	2,000,000	$	8,584,000
Income (loss) from operations	$	664,000	$	867,000	$	1,531,000
Income (loss) before tax	$	140,000	$	949,000	$	1,089,000
Total Assets	$	20,754,000	$	2,593,000	$	23,347,000
Capital expenditures (1)	$	682,000	$	195,000	$	877,000
Depreciation & Amortization	$	521,000	$	284,000	$	805,000

	Twelve Months Ended November 30, 2022
	Agricultural Products		Modular Buildings			Consolidated
Revenue from external customers	$	20,912,000	$	4,734,000		$	25,646,000
Gross profit	$	6,444,000	$	495,000		$	6,939,000
Income (loss) from operations	$	1,205,000	$	(600,000	)	$	605,000
Income (loss) before tax	$	923,000	$	(482,000	)	$	441,000
Total Assets	$	18,459,000	$	2,829,000		$	21,288,000
Capital expenditures (2)	$	1,969,000	$	232,000		$	2,201,000
Depreciation & Amortization	$	468,000	$	193,000		$	661,000

(1)	FY 2023 capital expenditures include finance leased assets of $118,000 in the Agricultural Products segment and $17,000 in the Modular Buildings segment.
(2)	FY 2022 capital expenditures include finance leased assets of $532,000 in the Agricultural Products segment.