Note 2 - Discontinued Operations (Tables)

12 Months Ended

Nov. 30, 2023

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	November 30, 2023		November 30, 2022
Accounts receivables	$	-	$	255,508
Inventory		18,013		1,004,844
Other current assets		13,945		10,331
Current assets of discontinued operations	$	31,958	$	1,270,683

	November 30, 2023		November 30, 2022
Property, plant, and equipment, net	$	1,023,566	$	1,233,692
Other assets		-		155,534
Other assets of discontinued operations	$	1,023,566	$	1,389,226

	November 30, 2023		November 30, 2022
Accounts payable	$	3,539	$	120,503
Accrued salaries, wages, and commissions		-		81,026
Current portion of long-term debt		160,599		2,870
Other current liabilities		22,651		71,511
Current liabilities of discontinued operations	$	186,789	$	275,910

	November 30, 2023		November 30, 2022
Long-term portion of operating lease liabilities	$	-	$	1,590
Long-term portion of finance lease liabilities		-		126,720
Long-term debt, excluding current portion		-		160,858
Long-term liabilities of discontinued operations	$	-	$	289,168

	Tools
	Twelve Months Ended
	November 30, 2023			November 30, 2022
Sales	$	2,030,714		$	2,753,485
Cost of goods sold		2,122,287			2,385,409
Gross profit (loss)		(91,573	)		368,076
Expenses:
Engineering		-			-
Selling		156,682			263,578
General and administrative		413,857			376,536
Total expenses		570,539			640,114
Income from operations		(662,112	)		(272,038	)
Other income (expense):
Interest expense		(61,516	)		(49,684	)
Other		15,315			(2,222	)
Total other expense		(46,201	)		(51,906	)
Income before income taxes		(708,313	)		(323,944	)
Income tax benefit		(212,493	)		(47,620	)
Net Income	$	(495,820	)	$	(276,324	)

	Tools
	Twelve Months Ended
	November 30, 2023			November 30, 2022
Revenue from external customers	$	2,031,000		$	2,754,000
Gross Profit	$	(92,000	)	$	368,000
Income (loss) from operations	$	(662,000	)	$	(272,000	)
Income (loss) before tax	$	(708,000	)	$	(324,000	)
Total Assets	$	1,056,000		$	2,660,000
Capital expenditures (1)	$	16,000		$	244,000
Depreciation & Amortization	$	135,000		$	146,000