v3.25.2
Note 10 - Assets Held for Lease
6 Months Ended
May 31, 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:

  

May 31, 2025

  

November 30, 2024

 

Modular Buildings

 $61,116  $89,033 

Agricultural products equipment

  69,347   - 

Total assets held for lease (net)

 $130,463  $89,033 

 

There were approximately $26,000 and $72,000 of rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three and six months ended May 31, 2025, compared to $56,000 and $92,000 for the three and six months ending May 31, 2024.

 

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

 

Year

 

Amount

 

2025

 $19,036