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Note 18 - Subsequent Events
6 Months Ended
May 31, 2026
Notes to Financial Statements  
Subsequent Events [Text Block]
 

18)

Subsequent Events

 

Management evaluated all other activity of the Company and concluded that no subsequent events have occurred that would require recognition in the condensed consolidated financial statements with the exception of the "Reserve Line of Credit" in Note 11 - Loan and Credit Agreements, the sales-type lessor agreement in Note 14 - Leases and the following:

 

In June of 2026, the Company was informed that Rural Energy for America Program funding was depleted and decided to not move forward with completing the solar project that was signed on December 19, 2025. The Solar System Purchase Agreement (the “Agreement”) was for the installation of a solar energy system by Midwest Solar Installers at the Company’s principal executive offices. The Agreement was contingent on a grant from the United States Department of Agriculture under its Rural Energy for America Program of which 25% of the total eligible project costs can be paid for with USDA funds and another 50% of the project costs can be guaranteed in the form of a loan from the USDA.