Note 4 - Disaggregation of Revenue

9 Months Ended

Aug. 31, 2025

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, 2025
	Agricultural		Modular Buildings		Total
Farm equipment	$	1,874,000	$	-	$	1,874,000
Farm equipment service parts		1,039,000		-		1,039,000
Modular buildings		-		3,438,000		3,438,000
Modular building lease income		-		3,000		3,000
Other		70,000		8,000		78,000
	$	2,983,000	$	3,449,000	$	6,432,000

	Three Months Ended August 31, 2024
	Agricultural		Modular Buildings		Total
Farm equipment	$	2,367,000	$	-	$	2,367,000
Farm equipment service parts		532,000		-		532,000
Modular buildings		-		2,776,000		2,776,000
Modular building lease income		-		56,000		56,000
Other		89,000		56,000		145,000
	$	2,988,000	$	2,888,000	$	5,876,000

	Nine Months Ended August 31, 2025
	Agricultural		Modular Buildings		Total
Farm equipment	$	7,192,000	$	-	$	7,192,000
Farm equipment service parts		2,550,000		-		2,550,000
Modular buildings		-		7,783,000		7,783,000
Modular building lease income		-		75,000		75,000
Other		214,000		96,000		310,000
	$	9,956,000	$	7,954,000	$	17,910,000

	Nine Months Ended August 31, 2024
	Agricultural		Modular Buildings		Total
Farm equipment	$	9,870,000	$	-	$	9,870,000
Farm equipment service parts		1,674,000		-		1,674,000
Modular buildings		-		6,268,000		6,268,000
Modular building lease income		-		148,000		148,000
Other		235,000		134,000		369,000
	$	11,779,000	$	6,550,000	$	18,329,000

The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2023 and 2024 early order programs to incentivize customers to stock farm equipment on their lots for fiscal 2024 and fiscal 2025. Floorplan terms allow customers to pay the Company at the earliest of retail date or up to 360 days. This program can have an effect on the timing of the Company’s cash flows compared with historical cash flows.

On August 31, 2025, the Company had approximately $274,000 in receivables on the floorplan program with a due date greater than 30 days compared to $341,000 on August 31, 2024.