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Note 2 - Discontinued Operations (Tables) | 12 Months Ended
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Nov. 30, 2023
Notes Tables |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | November 30, 2023 |  |  | November 30, 2022 |
Accounts receivables |  | $ | - |  |  | $ | 255,508 |
Inventory |  |  | 18,013 |  |  |  | 1,004,844 |
Other current assets |  |  | 13,945 |  |  |  | 10,331 |
Current assets of discontinued operations |  | $ | 31,958 |  |  | $ | 1,270,683 |
|  | November 30, 2023 |  |  | November 30, 2022 |
Property, plant, and equipment, net |  | $ | 1,023,566 |  |  | $ | 1,233,692 |
Other assets |  |  | - |  |  |  | 155,534 |
Other assets of discontinued operations |  | $ | 1,023,566 |  |  | $ | 1,389,226 |
|  | November 30, 2023 |  |  | November 30, 2022 |
Accounts payable |  | $ | 3,539 |  |  | $ | 120,503 |
Accrued salaries, wages, and commissions |  |  | - |  |  |  | 81,026 |
Current portion of long-term debt |  |  | 160,599 |  |  |  | 2,870 |
Other current liabilities |  |  | 22,651 |  |  |  | 71,511 |
Current liabilities of discontinued operations |  | $ | 186,789 |  |  | $ | 275,910 |
|  | November 30, 2023 |  |  | November 30, 2022 |
Long-term portion of operating lease liabilities |  | $ | - |  |  | $ | 1,590 |
Long-term portion of finance lease liabilities |  |  | - |  |  |  | 126,720 |
Long-term debt, excluding current portion |  |  | - |  |  |  | 160,858 |
Long-term liabilities of discontinued operations |  | $ | - |  |  | $ | 289,168 |
|  | Tools |
|  | Twelve Months Ended |
|  | November 30, 2023 |  |  | November 30, 2022 |
Sales |  | $ | 2,030,714 |  |  | $ | 2,753,485 |
Cost of goods sold |  |  | 2,122,287 |  |  |  | 2,385,409 |
Gross profit (loss) |  |  | (91,573 | ) |  |  | 368,076 |
Expenses: |  |  |  |  |  |  |  |
Engineering |  |  | - |  |  |  | - |
Selling |  |  | 156,682 |  |  |  | 263,578 |
General and administrative |  |  | 413,857 |  |  |  | 376,536 |
Total expenses |  |  | 570,539 |  |  |  | 640,114 |
Income from operations |  |  | (662,112 | ) |  |  | (272,038 | )
Other income (expense): |  |  |  |  |  |  |  |
Interest expense |  |  | (61,516 | ) |  |  | (49,684 | )
Other |  |  | 15,315 |  |  |  | (2,222 | )
Total other expense |  |  | (46,201 | ) |  |  | (51,906 | )
Income before income taxes |  |  | (708,313 | ) |  |  | (323,944 | )
Income tax benefit |  |  | (212,493 | ) |  |  | (47,620 | )
Net Income |  | $ | (495,820 | ) |  | $ | (276,324 | )
|  | Tools |
|  | Twelve Months Ended |
|  | November 30, 2023 |  |  | November 30, 2022 |
Revenue from external customers |  | $ | 2,031,000 |  |  | $ | 2,754,000 |
Gross Profit |  | $ | (92,000 | ) |  | $ | 368,000 |
Income (loss) from operations |  | $ | (662,000 | ) |  | $ | (272,000 | )
Income (loss) before tax |  | $ | (708,000 | ) |  | $ | (324,000 | )
Total Assets |  | $ | 1,056,000 |  |  | $ | 2,660,000 |
Capital expenditures (1) |  | $ | 16,000 |  |  | $ | 244,000 |
Depreciation & Amortization |  | $ | 135,000 |  |  | $ | 146,000 |

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