v3.26.1
Note 3 - Disaggregation of Revenue
6 Months Ended
May 31, 2026
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
 

3)

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 May 31, 2026

 
  

Agricultural Products

  

Modular Buildings

  

Total

 

Farm equipment

 $3,631,000  $-  $3,631,000 

Farm equipment service parts

  670,000   -   670,000 

Modular buildings

  -   3,452,000   3,452,000 

Modular building lease income

  -   -   - 

Other

  73,000   28,000   101,000 
  $4,374,000  $3,480,000  $7,854,000 

 

  

Three Months Ended May 31, 2025

 
  

Agricultural Products

  

Modular Buildings

  

Total

 

Farm equipment

 $3,350,000  $-  $3,350,000 

Farm equipment service parts

  603,000   -   603,000 

Modular buildings

  -   2,227,000   2,227,000 

Modular building lease income

  -   26,000   26,000 

Other

  73,000   58,000   131,000 
  $4,026,000  $2,311,000  $6,337,000 

  

  

Six Months Ended May 31, 2026

 
  

Agricultural

  

Modular Buildings

  

Total

 

Farm equipment

 $6,515,000  $-  $6,515,000 

Farm equipment service parts

  1,460,000   -   1,460,000 

Modular buildings

  -   6,332,000   6,332,000 

Modular building lease income

  -   -   - 

Other

  153,000   34,000   187,000 
  $8,128,000  $6,366,000  $14,494,000 

 

  

Six Months Ended May 31, 2025

 
  

Agricultural

  

Modular Buildings

  

Total

 

Farm equipment

 $5,344,000  $-  $5,344,000 

Farm equipment service parts

  1,486,000   -   1,486,000 

Modular buildings

  -   4,346,000   4,346,000 

Modular building lease income

  -   72,000   72,000 

Other

  143,000   87,000   230,000 
  $6,973,000  $4,505,000  $11,478,000 

 

The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2024 and 2025 early order programs to incentivize customers to stock farm equipment on their lots for fiscal 2025 and fiscal 2026. 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 May 31, 2026, the Company had approximately $373,000 in receivables on the floorplan program with a due date greater than 30 days compared to $102,000 on May 31, 2025.