v3.26.3
Note 9 - Assets Held for Lease
9 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]
 

9)

Assets Held for Lease

 

Major components of assets held for lease are:

  

August 31, 2026

  

November 30, 2025

 

Modular Buildings

 $59,140  $80,605 

Agricultural Products equipment

  56,011   64,013 

Total assets held for lease (net)

 $115,151  $144,618 

 

There were $3,000 and $6,000 of rents recognized from assets held for lease included in sales on the Condensed Consolidated Statements of Operations during the three and nine months ended August 31, 2026, compared to $3,000 and $75,000 for the three and nine months ended August 31, 2025, respectively.

 

The future minimum lease receipts for twelve month periods ending November 30:

 

Year

 

Amount

 

2026

 $12,400 

2027

  74,400 

2028

  62,000 

Total

 $148,800