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Note 10 - Assets Held for Lease
3 Months Ended
Feb. 28, 2025
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:

  

February 28, 2025

  

November 30, 2024

 

Modular Buildings

 $62,775  $89,033 

Agricultural products equipment

  72,013   - 

Total assets held for lease (net)

 $134,788  $89,033 

 

There were approximately $46,000 of rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three months ended February 28, 2025, compared to $36,000 for the three months ending February 29, 2024.

 

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

 

Year

 

Amount

 

2025

 $44,536