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Note 10 - Assets Held for Lease
9 Months Ended
Aug. 31, 2024
Notes to Financial Statements  
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]
 

10)

Assets Held for Lease

 

Major components of assets held for lease are:

  

August 31, 2024

  

November 30, 2023

 

Modular Buildings

 $115,291  $145,494 

Total assets held for lease

 $115,291  $145,494 

 

There were approximately $56,000 and $148,000 of rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three and nine months ended August 31, 2024, respectively, compared to $20,000 and $85,000 for the same periods ending August 31, 2023.

 

The future minimum lease receipts for the years ended November 30 are as follows:

 

Year

 

Amount

 

2024

 $53,942 

2025

  70,036 
  $123,978