Art's-Way Manufacturing (ARTW) 10-Q13 Jul 232023 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	May 31, 2023	Jul. 12, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2023
Document Transition Report	false
Entity File Number	000-05131
Entity Registrant Name	ART’S-WAY MANUFACTURING CO., INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-0920725
Entity Address, Address Line One	5556 Highway 9
Entity Address, City or Town	Armstrong
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50514
City Area Code	712
Local Phone Number	208-8467
Title of 12(b) Security	Common stock $0.01 par value
Trading Symbol	ARTW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		5,018,573
Entity Central Index Key	0000007623
Current Fiscal Year End Date	--11-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	May 31, 2023	Nov. 30, 2022
Current assets:
Cash	$ 2,298	$ 5,055
Accounts receivable-customers, net of allowance for doubtful accounts of $36,684 and $34,699 in 2023 and 2022, respectively	3,936,349	2,722,298
Inventories, net	11,382,211	10,611,552
Cost and profit in excess of billings	322,339	450,906
Other current assets	220,380	343,618
Total current assets	15,863,577	14,133,429
Property, plant, and equipment, net	6,293,148	6,178,917
Assets held for lease, net	209,172	400,325
Deferred income taxes, net	2,438,182	2,605,395
Other assets	666,258	630,248
Total assets	25,470,337	23,948,314
Current liabilities:
Accounts payable	2,257,058	2,630,966
Customer deposits	561,820	828,565
Billings in excess of cost and profit	782,733	328,041
Income taxes payable	5,000	3,500
Accrued expenses	1,234,662	1,283,204
Line of credit	4,704,059	3,924,500
Current portion of finance lease liabilities	236,385	170,835
Current portion of long-term debt	106,305	97,678
Total current liabilities	9,888,022	9,267,289
Long-term liabilities
Long-term portion of operating lease liabilities	18,796	24,016
Long-term portion of finance lease liabilities	844,279	602,131
Long-term debt, excluding current portion	2,846,086	2,904,241
Total liabilities	13,597,183	12,797,677
Stockholders’ equity:
Common stock – $0.01 par value. Authorized 9,500,000 shares on May 31, 2023 and November 30, 2022; issued 5,110,921 on May 31, 2023 and 5,013,671 on November 30, 2022	51,109	50,137
Additional paid-in capital	4,683,838	4,547,172
Retained earnings	7,403,158	6,754,284
Treasury stock, at cost (72,699 shares in 2023 and 64,574 in 2022)	(264,951)	(200,956)
Total stockholders’ equity	11,873,154	11,150,637
Total liabilities and stockholders’ equity	$ 25,470,337	$ 23,948,314

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	May 31, 2023	Nov. 30, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 36,684	$ 34,699
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	500,000	500,000
Preferred stock, authorized (in shares)	500,000	500,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	9,500,000	9,500,000
Common Stock, Shares, Issued (in shares)	5,110,921	5,013,671
Treasury Stock, Common, Shares (in shares)	92,348	64,574

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Sales	$ 9,007,874	$ 7,275,353	$ 16,902,659	$ 12,888,420
Cost of goods sold	6,662,313	5,082,195	12,222,882	9,503,119
Gross profit	2,330,654	2,193,158	4,679,777	3,385,301
Expenses
Engineering	140,497	143,943	268,793	278,014
Selling	576,836	630,772	1,171,101	1,117,928
General and administrative	1,194,711	1,097,350	2,272,686	2,105,143
Total expenses	1,912,044	1,872,065	3,712,580	3,501,085
Income (loss) from operations	418,610	321,093	967,196	(115,784)
Other income (expense):
Interest expense	(163,021)	(97,392)	(290,527)	(174,096)
Other	132,513	(1,454)	144,905	(3,005)
Total other income (expense)	(30,428)	(98,846)	(145,622)	(177,101)
Income (loss) before income taxes	388,183	222,247	821,574	(292,885)
Income tax expense	81,518	46,894	172,700	(61,749)
Net Income (loss)	$ 306,664	$ 175,353	$ 648,874	$ (231,136)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balance (in shares) at Nov. 30, 2021	4,583,504			44,532
Balance at Nov. 30, 2021	$ 45,835	$ 3,760,649	$ 6,656,487	$ (108,524)	$ 10,354,447
Stock based compensation (in shares)	101,167			20,042
Stock based compensation	$ 1,012	156,453	0	$ (92,432)	65,033
Common stock purchase agreement (in shares)	20,000
Common stock purchase agreement	$ 200	117,000			117,200
Net income (loss)	$ 0	0	(231,136)	$ 0	(231,136)
Balance (in shares) at May. 31, 2022	4,704,671			64,574
Balance at May. 31, 2022	$ 47,047	4,034,102	6,425,351	$ (200,956)	10,305,544
Balance (in shares) at Nov. 30, 2022	5,013,671			64,574
Balance at Nov. 30, 2022	$ 50,137	4,547,172	6,754,284	$ (200,956)	11,150,637
Stock based compensation (in shares)	97,250			27,774
Stock based compensation	$ 972	136,666	0	$ (63,995)	73,643
Net income (loss)	$ 0	0	648,874	$ 0	648,874
Balance (in shares) at May. 31, 2023	5,110,921			92,348
Balance at May. 31, 2023	$ 51,109	$ 4,683,838	$ 7,403,158	$ (264,951)	$ 11,873,154

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2023	May 31, 2022
Cash flows from operations:
Net income (loss)	$ 648,874	$ (231,136)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock based compensation	137,638	157,465
Decrease in obsolete inventory reserves	(25,899)	(197,613)
Gain on disposal of property, plant, and equipment	(97,616)	3,971
Depreciation and amortization expense	488,806	350,435
Accrued interest on deferred debt payments	0	8,520
Increase (Decrease) in allowance for doubtful accounts	1,986	(3,127)
Deferred income taxes	167,213	(63,744)
Changes in assets and liabilities:
Accounts receivable	(1,216,037)	185,551
Inventories	(744,760)	(1,479,479)
Other assets	120,158	(619,103)
Accounts payable	(373,908)	787,195
Contracts in progress, net	583,259	(541,716)
Customer deposits	(266,745)	1,541,000
Income taxes payable	1,500	(500)
Accrued expenses	(47,941)	(178,916)
Net cash provided in operating activities	(623,472)	(281,197)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(639,833)	(509,097)
Net proceeds from sale of assets	286,815	9,300
Net cash used in investing activities	(353,018)	(499,797)
Cash flows from financing activities:
Net change in line of credit	779,559	628,695
Proceeds from finance lease obligations	397,536	350,000
Principal payments on finance lease obligations	(89,839)	(38,317)
Repayment of term debt	(49,528)	(47,289)
Cost of equity issuance	0	(17,346)
Repurchases of common stock	(63,995)	(92,432)
Net cash used in financing activities	973,733	783,311
Net increase (decrease) in cash	(2,757)	2,317
Cash at beginning of period	5,055	2,658
Cash at end of period	2,298	4,975
Supplemental disclosures of cash flow information:
Interest	268,997	155,385
Income taxes	2,841	800
Supplemental disclosures of non-cash operating activities:
Right-of-use (ROU) assets acquired (included in other assets)	117,302	389,300
Common stock purchase agreement shares issued (included in other assets)	0	117,200
Amortization of operating lease ROU assets (included in other assets)	$ 5,820	$ 6,349

Note 1 - Description of the Com

Note 1 - Description of the Company	6 Months Ended
Note 1 - Description of the Company	May 31, 2023
Notes to Financial Statements
Nature of Operations [Text Block]	1) Description of the Company Unless otherwise specified, as used in this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “Art’s-Way,” and the “Company” refer to Art’s-Way Manufacturing Co., Inc., a Delaware corporation headquartered in Armstrong, Iowa, and its wholly owned subsidiaries. The Company began operations as a farm equipment manufacturer in 1956. Since that time, it has become a major worldwide manufacturer of agricultural equipment. Its principal manufacturing plant is located in Armstrong, Iowa. The Company has organized its business into three On June 7, 2023, the Company announced it will discontinue its Tools business segment. Runoff operations will be ongoing through July 14, 2023, whereafter, a limited number of staff members will be employed to assist in the liquidation process. The Tools segment is included as continuing operations in our financial statements as of and for the periods ending May 31, 2023 as remaining orders and ancillary operations are being fulfilled. This segment will be considered a discontinued operation when the plant and office facilities are closed, or it meets the criteria as held for sale.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
Note 2 - Summary of Significant Accounting Policies	May 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2) Summary of Significant Accounting Policies Statement Presentation The foregoing condensed consolidated financial statements of the Company are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s financial position and operating results for the interim periods. The financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. The results of operations for the three and six months ended May 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending November 30, 2023. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three and six months ended May 31, 2023. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements Accounting Pronouncements Not Yet Adopted Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 adds a current expected credit loss (“CECL”) impairment model to U.S. GAAP that is based on expected losses rather than incurred losses. Modified retrospective adoption is required with any cumulative-effect adjustment recorded to retained earnings as of the beginning of the period of adoption. ASU 2016-13 is effective for fiscal years beginning after December 15, 2022, including interim periods within the year of adoption. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company will adopt ASU 2016-13 in fiscal 2024. The Company does not expect the application of the CECL impairment model to have a significant impact on its allowance for uncollectible amounts for accounts receivable.

Note 3 - Disaggregation of Reve

Note 3 - Disaggregation of Revenue	6 Months Ended
Note 3 - Disaggregation of Revenue	May 31, 2023
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, 2023 Agricultural Modular Buildings Tools Total Farm equipment $ 5,491,000 $ - $ - $ 5,491,000 Farm equipment service parts 779,000 - - 779,000 Steel cutting tools and inserts - - 776,000 776,000 Modular buildings - 1,802,000 - 1,802,000 Modular building lease income - 32,000 - 32,000 Other 98,000 22,000 8,000 128,000 $ 6,368,000 $ 1,856,000 $ 784,000 $ 9,008,000 Three Months Ended May 31, 2022 Agricultural Modular Buildings Tools Total Farm equipment $ 4,530,000 $ - $ - $ 4,530,000 Farm equipment service parts 676,000 - - 676,000 Steel cutting tools and inserts - - 738,000 738,000 Modular buildings - 1,157,000 - 1,157,000 Modular building lease income - - - - Other 110,000 52,000 12,000 174,000 $ 5,316,000 $ 1,209,000 $ 750,000 $ 7,275,000 Six Months Ended May 31, 2023 Agricultural Modular Buildings Tools Total Farm equipment $ 10,223,000 $ - $ - $ 10,223,000 Farm equipment service parts 1,409,000 - - 1,409,000 Steel cutting tools and inserts - - 1,574,000 1,574,000 Modular buildings - 3,402,000 - 3,402,000 Modular building lease income - 64,000 - 64,000 Other 181,000 32,000 18,000 231,000 $ 11,813,000 $ 3,498,000 $ 1,592,000 $ 16,903,000 Six Months Ended May 31, 2022 Agricultural Modular Buildings Tools Total Farm equipment $ 8,045,000 $ - $ - $ 8,045,000 Farm equipment service parts 1,234,000 - - 1,234,000 Steel cutting tools and inserts - - 1,312,000 1,312,000 Modular buildings - 2,009,000 - 2,009,000 Modular building lease income - - - - Other 198,000 68,000 22,000 288,000 $ 9,477,000 $ 2,077,000 $ 1,334,000 $ 12,888,000 The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2021 and 2022 early order program to incentivize customers to stock farm equipment on their lots for fiscal 2022 and fiscal 2023. Floorplan terms allow customers to pay the Company at the earliest of retail date or 180 days. This program has an effect on the timing of the Company’s cash flows compared with historical cash flows. On May 31, 2023, the Company had approximately $773,000 in receivables on the floorplan program with a due date greater than 30 days compared to $725,000 on May 31, 2022.

Note 4 - Contract Receivables,

Note 4 - Contract Receivables, Contract Assets and Contract Liabilities	6 Months Ended
	May 31, 2023
Notes to Financial Statements
Contract Receivable, Contract Assets, and Contract Liabilities [Text Block]	4) Contract Receivables, Contract Assets and Contract Liabilities The following table provides information about contract receivables, contract assets, and contract liabilities from contracts with customers included on the Condensed Consolidated Balance Sheets. May 31, 2023 November 30, 2022 Receivables $ 3,936,000 $ 2,722,000 Assets 322,000 451,000 Liabilities 1,345,000 1,157,000 The amount of revenue recognized in the first six months of fiscal 2023 that was included in a contract liability on November 30, 2022 was approximately $1,145,000 compared to $559,000 in the same period of fiscal 2022. The beginning contract receivables, assets and liabilities on December 1, 2021 were approximately $2,663,000; $177,000 and $559,000, respectively.

Note 5 - Net Income (Loss) Per

Note 5 - Net Income (Loss) Per Share of Common Stock	6 Months Ended
Note 5 - Net Income (Loss) Per Share of Common Stock	May 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	5) Net Income (Loss) Per Share of Common Stock Basic net income (loss) per share of common stock has been computed on the basis of the weighted average number of common shares outstanding. Diluted net income (loss) per share has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming exercise of stock options. Potential shares of common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted net income (loss) per share. Basic and diluted net income (loss) per share have been computed based on the following as of May 31, 2023 and May 31, 2022: For the Three Months Ended May 31, 2023 May 31, 2022 Numerator for basic and diluted net income per share: Net income $ 306,664 $ 175,353 Denominator: For basic net income per share - weighted average common shares outstanding 5,014,050 4,629,331 Effect of dilutive stock options - - For diluted net income per share - weighted average common shares outstanding 5,014,050 4,629,331 Net Income per share - Basic: Net Income per share $ 0.06 $ 0.04 Net Income per share - Diluted: Net Income per share $ 0.06 $ 0.04 For the Six Months Ended May 31, 2023 May 31, 2022 Numerator for basic and diluted net income (loss) per share: Net income (loss) $ 648,874 $ (231,136 ) Denominator: For basic net income (loss) per share - weighted average common shares outstanding 4,995,708 4,599,743 Effect of dilutive stock options - - For diluted net income (loss) per share - weighted average common shares outstanding 4,995,708 4,599,743 Net Income (Loss) per share - Basic: Net Income (Loss) per share $ 0.13 $ (0.05 ) Net Income (Loss) per share - Diluted: Net Income (Loss) per share $ 0.13 $ (0.05 )

Note 6 - Inventory

Note 6 - Inventory	6 Months Ended
Note 6 - Inventory	May 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	6) Inventory Major classes of inventory are: May 31, 2023 November 30, 2022 Raw materials $ 9,387,172 $ 8,700,719 Work in process 343,206 624,781 Finished goods 3,328,295 3,029,099 Total Gross Inventory $ 13,058,673 $ 12,354,599 Less: Reserves (1,676,462 ) (1,743,047 ) Net Inventory $ 11,382,211 $ 10,611,552

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	6 Months Ended
Note 7 - Accrued Expenses	May 31, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	7) Accrued Expenses Major components of accrued expenses are: May 31, 2023 November 30, 2022 Salaries, wages, and commissions $ 691,905 $ 755,708 Accrued warranty expense 253,444 193,301 Other 289,313 334,195 $ 1,234,662 $ 1,283,204

Note 8 - Assets Held for Lease

Note 8 - Assets Held for Lease	6 Months Ended
Note 8 - Assets Held for Lease	May 31, 2023
Notes to Financial Statements
Disclosure of Assets Available for Sale, Not Part of Discontinued Operations [Text Block]	8) Assets Held for Lease Major components of assets held for lease are: May 31, 2023 November 30, 2022 Modular Buildings $ 209,172 $ 400,325 Total assets held for lease $ 209,172 $ 400,325 There were approximately $32,000 and $64,000 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, 2023, respectively, compared to zero The Company has $37,606 of future minimum lease receipts expected to be recognized in fiscal 2023 from assets held for lease as of May 31, 2023. The Company recognized a gain of $114,156 on the sale of an asset held for lease in the three and six months ended May 31, 2023 compared to zero

Note 9 - Product Warranty

Note 9 - Product Warranty	6 Months Ended
Note 9 - Product Warranty	May 31, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	9) Product Warranty The Company offers warranties of various lengths to its customers depending on the specific product and terms of the customer purchase agreement. The average length of the warranty period is one Three Months Ended May 31, 2023 May 31, 2022 Balance, beginning $ 194,464 $ 115,062 Provision charged to expense 115,739 73,088 Less amounts charged-off (56,759 ) (98,601 ) Balance, ending $ 253,444 $ 89,549 Six Months Ended May 31, 2023 May 31, 2022 Balance, beginning $ 193,301 $ 202,850 Provision charged to expense 231,335 94,712 Less amounts charged-off (171,192 ) (208,013 ) Balance, ending $ 253,444 $ 89,549

Note 10 - Loan and Credit Agree

Note 10 - Loan and Credit Agreements	6 Months Ended
Note 10 - Loan and Credit Agreements	May 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	10) Loan and Credit Agreements Bank Midwest Revolving Lines of Credit and Term Loans The Company maintains a $5,000,000 revolving line of credit (the “Line of Credit”) with Bank Midwest. On May 31, 2023, the balance of the Line of Credit was $4,704,059 with $295,941 remaining available, as may be limited by the borrowing base calculation. The Line of Credit borrowing base is an amount equal to 75% of accounts receivable balances (discounted for aged receivables), plus 50% of net inventory, less any outstanding loan balance on the Line of Credit. On May 31, 2023, the Line of Credit was not limited by the borrowing base calculation. Any unpaid principal amount borrowed on the Line of Credit accrues interest at a floating rate per annum equal to 1.25% above the Wall Street Journal rate published in the money rates section of the Wall Street Journal. The interest rate floor is set at 4.25% per annum and the current interest rate is 9.50% per annum. The Line of Credit matures on March 30, 2024 and requires monthly interest-only payments. The Line of Credit is governed by the terms of a Promissory Note, dated March 28, 2023, entered into between the Company and Bank Midwest. The Company carries a $2,600,000 term loan with Bank Midwest due October 1, 2037 (the “Term Loan”), and a $350,000 term loan (the “Roof Term Loan”) due on May 15, 2027. The Term Loan accrued interest at a rate of 5.00% for the first ninety months, which ended on September 28, 2022. Thereafter, the Term Loan interest rate was reset to a fixed rate of 7% based on prime plus 0.75% on the reset date. The interest rate floor is set at 4.15% per annum and the interest rate may only be adjusted by Bank Midwest once every five years. Monthly payments of $19,648 in principal and interest are required. The Term Loan is also guaranteed by the United States Department of Agriculture (“USDA”), which required an upfront guarantee fee of $62,400 and requires an annual fee of 0.5% of the unpaid balance. As part of the USDA guarantee requirements, shareholders owning more than 20% are required to personally guarantee a portion of the Term Loan, in an amount equal to their stock ownership percentage. The J. Ward McConnell Jr. Living Trust, the estate of the former Vice Chairman of the Board of Directors and a shareholder owning more than 20% of the Company’s outstanding stock, is guaranteeing approximately 38% of the Term Loan, for an annual fee of 2% of the personally guaranteed amount. The initial guarantee fee will be amortized over the life of the Term Loan, and the annual fees and personally guaranteed amounts are expensed monthly. The Term Loan is governed by the terms of a Promissory Note, dated September 28, 2017, entered into between the Company and Bank Midwest. In connection with the Line of Credit, the Company, Art’s-Way Scientific Inc. and Ohio Metal Working Products/Art’s-Way Inc. each entered into a Commercial Security Agreement with Bank Midwest, dated September 28, 2017, pursuant to which each granted to Bank Midwest a first priority security interest in certain inventory, equipment, accounts, chattel paper, instruments, letters of credit and other assets to secure the obligations of the Company under the Line of Credit. Each of Art’s-Way Scientific Inc. and Ohio Metal Working Products/Art’s-Way Inc. also agreed to guarantee the obligations of the Company pursuant to the Line of Credit, as set forth in Commercial Guaranties, each dated September 28, 2017. The Company also entered into the Roof Term Loan of $350,000 with Bank Midwest on May 17, 2022. The Roof Term Loan’s proceeds were used to fix sections of the Armstrong facility’s roof. The Roof Term Loan requires 59 regular payments of $2,972 and an estimated balloon payment of $289,797 on the maturity date of May 15, 2027. Any unpaid principal amount borrowed on the Roof Term Loan accrues interest at a rate of 7.0% per annum. The Roof Term Loan is governed by the terms of a Promissory Note, dated May 17, 2022, entered into between the Company and Bank Midwest and by a Change of Terms Agreement dated March 30, 2023 which fixed the interest rate terms of the original Promissory Note. To further secure the Line of Credit, the Company granted Bank Midwest a mortgage on its Canton, Ohio property held by Ohio Metal Working Products/Art’s-Way Inc. The Term Loan is secured by a mortgage on the Company’s Armstrong, Iowa and Monona, Iowa properties. Each mortgage is governed by the terms of a separate Mortgage, dated September 28, 2017, and each property is also subject to a separate Assignment of Rents, dated September 28, 2017. If the Company or its subsidiaries (as guarantors pursuant to the Commercial Guaranties) commits an event of default with respect to the promissory notes and fails or is unable to cure that default, Bank Midwest may immediately terminate its obligation, if any, to make additional loans to the Company and may accelerate the Company’s obligations under the promissory notes. Bank Midwest shall also have all other rights and remedies for default provided by the Uniform Commercial Code, as well as any other applicable law and the various loan agreements. In addition, in an event of default, Bank Midwest may foreclose on the mortgaged property. Compliance with Bank Midwest covenants is measured annually on November 30. The terms of the Bank Midwest loan agreements require the Company to maintain a minimum of $4,000,000 of monthly working capital. Additionally, a maximum debt to worth ratio of 1 to 1 must be maintained, with a minimum of 40% tangible balance sheet equity, with variations subject to mutual agreement. The Company is also required to maintain a minimum debt service coverage ratio of 1.25, with a 0.10 tolerance. The Company also must receive bank approval for purchases or sales of equipment over $100,000 annually and maintain reasonable salaries and owner compensation. The Company was out of compliance with its debt to worth ratio by fifteen percentage points on the Bank Midwest loans as of November 30, 2022. Bank Midwest issued a waiver forgiving the noncompliance, and in turn waived the event of default. The next measurement date is November 30, 2023 for all covenants except the monthly working capital requirement. SBA Economic Injury Disaster Loans In June of 2020, the Company executed the standard loan documents required for securing loans offered by the U.S. Small Business Administration under its Economic Injury Disaster Loan (“EIDL”) assistance program in light of the impact of the COVID-19 pandemic on the Company’s business. Two loans were executed on June 18, 2020 with principal amounts of $150,000 each, with a third loan being executed on June 24, 2020 with a principal amount of $150,000. Proceeds from these EIDLs are being used for working capital purposes. Interest accrues at the rate of 3.75% per annum and will accrue from the date of inception. Installment payments, including principal and interest, were due monthly beginning December 18, 2022 (thirty months from the date of the EIDLs) and December 24, 2022 in the amount of $731 per EIDL. On March 11, 2021, the American Rescue Plan Act of 2021 was enacted, which extended the first due date for repayment of EIDLs made in 2020 from 12 months to 30 months from the date of the note. The balance of principal and interest is payable 30 years from the date of the EIDL. The EIDLs are secured by a security interest on all of the Company’s assets subordinate to Bank Midwest’s security interest. Each EIDL is governed by the terms of a separate Promissory Note, dated either June 18, 2020 or June 24, 2020, as applicable, entered into by the Company or the applicable subsidiary. On June 7, 2023 the Company announced it will perform runoff operations of the Tools business and proceed with an orderly liquidation of the Tools segment assets. The Company will be required to pay the balance of the EIDL loan associated with the Tools segment upon liquidation and dissolution of the business. The principal balance of this loan was $162,388 at May 31, 2023. The Company will also be required to pay off the balance of the Bank Midwest Roof Loan in the event the real estate is sold for the Tools segment. The principal balance of this loan at May 31, 2023 is $342,132. A summary of the Company’s term debt is as follows: May 31, 2023 November 30, 2022 Bank Midwest loan payable in monthly installments of $19,648 including interest at 7.00%, due October 1, 2037 $ 2,123,271 $ 2,165,554 Bank Midwest loan payable in monthly installments of $2,972 including interest at 7.00%, due May 15, 2027 342,132 344,932 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 18, 2022, due June 18, 2050 162,388 163,793 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 18, 2022, due June 18, 2050 162,373 163,728 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 24, 2022, due June 24, 2050 162,227 163,912 Total term debt $ 2,952,391 $ 3,001,919 Less current portion of term debt 106,305 97,678 Term debt, excluding current portion $ 2,846,086 $ 2,904,241 A summary of the minimum maturities of term debt follows for the years ending November 30: Year Amount 2023 $ 60,485 2024 111,753 2025 120,190 2026 128,691 2027 420,029 2028 and thereafter 2,111,243 $ 2,952,391

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
Note 11 - Income Taxes	May 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses. The Company has net operating losses and tax credits that are expected to offset 100% of its 2023 fiscal year tax liability and does not expect to have significant cash tax cost in the near future.

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	6 Months Ended
Note 12 - Related Party Transactions	May 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	12) Related Party Transactions During the three and six months ended May 31, 2023, and May 31, 2022, the Company did not no

Note 13 - Leases

Note 13 - Leases	6 Months Ended
Note 13 - Leases	May 31, 2023
Notes to Financial Statements
Leases [Text Block]	13) Leases The components of operating leases on the Condensed Consolidated Balance Sheets on May 31, 2023 and November 30, 2022 were as follows: May 31, 2023 November 30, 2022 Operating lease right-of-use assets (in other assets) $ 29,111 34,931 Current portion of operating lease liabilities (in accrued expenses) $ 10,315 10,915 Long-term portion of operating lease liabilities 18,796 24,016 Total operating lease liabilities $ 29,111 34,931 The components of finance leases on the Condensed Consolidated Balance Sheets on May 31, 2023 and November 30, 2022 were as follows: May 31, 2023 November 30, 2022 Finance lease right-of-use assets (net of amortization in other assets) $ 581,456 $ 540,052 Current portion of finance lease liabilities $ 236,385 $ 170,835 Long-term portion of finance lease liabilities 844,279 602,131 Total finance lease liabilities $ 1,080,664 $ 772,966

Note 14 - Equity Incentive Plan

Note 14 - Equity Incentive Plan and Stock Based Compensation	6 Months Ended
	May 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	14) Equity Incentive Plan and Stock Based Compensation On February 25, 2020, the Board of Directors of the Company (the “Board”) authorized and approved the Art’s-Way Manufacturing Co., Inc. 2020 Equity Incentive Plan (the “2020 Plan”). The 2020 Plan was approved by the stockholders on April 30, 2020. The 2020 Plan replaced the Art’s-Way Manufacturing Co., Inc. 2011 Equity Incentive Plan (the “2011 Plan”) and prior plans. The 2020 Plan added an additional 500,000 shares to the number of shares reserved for issuance pursuant to equity awards. No further awards will be made under the 2011 Plan or other prior plans. Awards to directors and executive officers under the 2020 Plan are governed by the forms of agreement approved by the Board of Directors. Stock options or other awards granted prior to February 25, 2020 are governed by the applicable prior plan and the forms of agreement adopted thereunder. The 2020 Plan permits the plan administrator to award nonqualified stock options, incentive stock options, restricted stock awards, restricted stock units, performance awards, and stock appreciation rights to employees (including officers), directors, and consultants. The Board has approved a director compensation policy pursuant to which non-employee directors are automatically granted restricted stock awards of 1,000 shares of fully vested common stock annually or initially upon their election to the Board and another 1,000 shares of fully vested common stock on the last business day of each fiscal quarter. Shares issued under the 2020 Plan for the three months ended May 31, 2023 and 2022 are as follows: For the Three Months Ended May 31, 2023 May 31, 2022 Shares issued to directors (immediate vesting) 10,000 10,000 Shares issued to directors, employees, and consultants (three year vesting) - - Total shares issued 10,000 10,000 For the Six Months Ended May 31, 2023 May 31, 2022 Shares issued to directors (immediate vesting) 15,000 15,000 Shares issued to directors, employees, and consultants (three year vesting) 82,250 94,500 Unvested shares forfeit upon termination - (8,333 ) Total shares issued 97,250 101,167

Note 15 - Common Stock Purchase

Note 15 - Common Stock Purchase Agreement	6 Months Ended
Note 15 - Common Stock Purchase Agreement	May 31, 2023
Notes to Financial Statements
Equity [Text Block]	15) Common Stock Purchase Agreement On March 29, 2022, Art’s-Way Manufacturing Co., Inc. (the “Company”) entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP, a Delaware limited partnership (“Alumni Capital”), pursuant to which the Company agreed to sell, and Alumni Capital agreed to purchase, upon request of the Company in one or more transactions, a number of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) providing aggregate gross proceeds to the Company of up to $3,000,000 (the “Maximum”). The Purchase Agreement expired on June 30, 2023. In exchange for Alumni Capital entering into the Purchase Agreement, the Company issued 20,000 shares of Common Stock to Alumni Capital upon execution of the Purchase Agreement (the “Initial Commitment Shares”) and issued another 20,000 shares in connection with the first closing under the Purchase Agreement (with the Initial Commitment Shares, the “Commitment Shares”). The Company shares, including the Commitment Shares, were offered and sold under the Purchase Agreement in reliance upon an exemption from the registration requirements of the Securities Act afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder. As required by the Purchase Agreement, the Company filed a registration statement on Form S-3 (the “Registration Statement”) April 27, 2022 which was declared effective on August 9, 2022 by the SEC. The Company evaluated the embedded options and believed they should not be bifurcated from the agreement and accounted for separately as it is indexed to the Company’s stock and would qualify for equity treatment on the balance sheet. The Company incurred approximately $134,000 of expense related to equity issuance in the six months ended May 31, 2022 in the form of 20,000 commitment shares valued at approximately $117,000, attorney fees for the negotiation and execution of the Purchase Agreement and the preparation and filing of the registration statement. These equity issuance costs are included in prepaid assets at May 31, 2022 and reduced proceeds received under the common stock purchase agreement in fiscal 2022. Below is a summary of shares purchased by Alumni Capital under the Purchase Agreement: Date Shares Share price net of discount Proceeds 7/25/2022 50,000 $ 2.07 $ 103,305 8/03/2022 50,000 $ 1.98 $ 98,940 8/15/2022 50,000 $ 2.00 $ 99,910 8/23/2022 65,000 $ 1.99 $ 129,253 9/23/2022 65,000 $ 1.76 $ 114,120 Total 280,000 $ 545,528

Note 16 - Disclosures About the

Note 16 - Disclosures About the Fair Value of Financial Instruments	6 Months Ended
	May 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	16) Disclosures About the Fair Value of Financial Instruments The fair value of a financial instrument is defined as the amount at which the instrument could be exchanged in a current transaction between willing parties. On May 31, 2023 and November 30, 2022, the carrying amount approximated fair value for cash, accounts receivable, accounts payable, notes payable to bank, finance lease liabilities and other current and long-term liabilities. The carrying amounts of current assets and liabilities approximate fair value because of the short maturity of these instruments. The fair value of the finance lease liabilities also approximate recorded value as that is based on discounting future cash flows at rates implicit in the lease. The rates implicit in the lease do not materially differ from current market rates. The fair value of the Company’s term loans payable also approximates recorded value because the interest rates charged under the loan terms are not substantially different from current interest rates.

Note 17 - Segment Information

Note 17 - Segment Information	6 Months Ended
Note 17 - Segment Information	May 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17) Segment Information As of May 31, 2023, the Company has three The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies. Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses. Approximate financial information with respect to the reportable segments is as follows. Three Months Ended May 31, 2023 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 6,368,000 $ 1,856,000 $ 784,000 $ 9,008,000 Income (loss) from operations 316,000 117,000 (14,000 ) $ 419,000 Income (loss) before tax 197,000 220,000 (29,000 ) $ 388,000 Total Assets 19,776,000 3,399,000 2,295,000 $ 25,470,000 Capital expenditures 249,000 78,000 - $ 327,000 Depreciation & Amortization 125,000 81,000 44,000 $ 250,000 Three Months Ended May 31, 2022 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 5,316,000 $ 1,209,000 $ 750,000 $ 7,275,000 Income (loss) from operations 447,000 (86,000 ) (40,000 ) $ 321,000 Income (loss) before tax 366,000 (93,000 ) (51,000 ) $ 222,000 Total Assets 18,389,000 2,998,000 2,520,000 $ 23,907,000 Capital expenditures 321,000 10,000 4,000 $ 335,000 Depreciation & Amortization 117,000 33,000 32,000 $ 182,000 Six Months Ended May 31, 2023 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 11,813,000 $ 3,498,000 $ 1,592,000 $ 16,903,000 Income (loss) from operations $ 818,000 $ 159,000 $ (9,000 ) $ 967,000 Income (loss) before tax $ 604,000 $ 257,000 $ (39,000 ) $ 822,000 Total Assets $ 19,776,000 $ 3,399,000 $ 2,295,000 $ 25,470,000 Capital expenditures $ 501,000 $ 123,000 $ 16,000 $ 640,000 Depreciation & Amortization $ 250,000 $ 158,000 $ 81,000 $ 489,000 Six Months Ended May 31, 2022 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 9,477,000 $ 2,077,000 $ 1,334,000 $ 12,888,000 Income (loss) from operations $ 318,000 $ (308,000 ) $ (126,000 ) $ (116,000 ) Income (loss) before tax $ 180,000 $ (323,000 ) $ (150,000 ) $ (293,000 ) Total Assets $ 18,389,000 $ 2,998,000 $ 2,520,000 $ 23,907,000 Capital expenditures $ 474,000 $ 24,000 $ 11,000 $ 509,000 Depreciation & Amortization $ 218,000 $ 67,000 $ 65,000 $ 350,000 *The consolidated total in the tables is a sum of segment figures and may not tie to actual figures in the condensed consolidated financial statements due to rounding.

Note 18 - Subsequent Events

Note 18 - Subsequent Events	6 Months Ended
Note 18 - Subsequent Events	May 31, 2023
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 other than the announcement to discontinue the Tools segment in “Item 1 - Notes to Condensed Consolidated Financial Statements - Note 1 Description of the Company.”

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	May 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Statement Presentation The foregoing condensed consolidated financial statements of the Company are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s financial position and operating results for the interim periods. The financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. The results of operations for the three and six months ended May 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending November 30, 2023.
Use of Estimates, Policy [Policy Text Block]	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the three and six months ended May 31, 2023. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements Accounting Pronouncements Not Yet Adopted Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 adds a current expected credit loss (“CECL”) impairment model to U.S. GAAP that is based on expected losses rather than incurred losses. Modified retrospective adoption is required with any cumulative-effect adjustment recorded to retained earnings as of the beginning of the period of adoption. ASU 2016-13 is effective for fiscal years beginning after December 15, 2022, including interim periods within the year of adoption. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company will adopt ASU 2016-13 in fiscal 2024. The Company does not expect the application of the CECL impairment model to have a significant impact on its allowance for uncollectible amounts for accounts receivable.

Note 3 - Disaggregation of Re_2

Note 3 - Disaggregation of Revenue (Tables)	6 Months Ended
Note 3 - Disaggregation of Revenue (Tables)	May 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended May 31, 2023 Agricultural Modular Buildings Tools Total Farm equipment $ 5,491,000 $ - $ - $ 5,491,000 Farm equipment service parts 779,000 - - 779,000 Steel cutting tools and inserts - - 776,000 776,000 Modular buildings - 1,802,000 - 1,802,000 Modular building lease income - 32,000 - 32,000 Other 98,000 22,000 8,000 128,000 $ 6,368,000 $ 1,856,000 $ 784,000 $ 9,008,000 Three Months Ended May 31, 2022 Agricultural Modular Buildings Tools Total Farm equipment $ 4,530,000 $ - $ - $ 4,530,000 Farm equipment service parts 676,000 - - 676,000 Steel cutting tools and inserts - - 738,000 738,000 Modular buildings - 1,157,000 - 1,157,000 Modular building lease income - - - - Other 110,000 52,000 12,000 174,000 $ 5,316,000 $ 1,209,000 $ 750,000 $ 7,275,000 Six Months Ended May 31, 2023 Agricultural Modular Buildings Tools Total Farm equipment $ 10,223,000 $ - $ - $ 10,223,000 Farm equipment service parts 1,409,000 - - 1,409,000 Steel cutting tools and inserts - - 1,574,000 1,574,000 Modular buildings - 3,402,000 - 3,402,000 Modular building lease income - 64,000 - 64,000 Other 181,000 32,000 18,000 231,000 $ 11,813,000 $ 3,498,000 $ 1,592,000 $ 16,903,000 Six Months Ended May 31, 2022 Agricultural Modular Buildings Tools Total Farm equipment $ 8,045,000 $ - $ - $ 8,045,000 Farm equipment service parts 1,234,000 - - 1,234,000 Steel cutting tools and inserts - - 1,312,000 1,312,000 Modular buildings - 2,009,000 - 2,009,000 Modular building lease income - - - - Other 198,000 68,000 22,000 288,000 $ 9,477,000 $ 2,077,000 $ 1,334,000 $ 12,888,000

Note 4 - Contract Receivables_2

Note 4 - Contract Receivables, Contract Assets and Contract Liabilities (Tables)	6 Months Ended
	May 31, 2023
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	May 31, 2023 November 30, 2022 Receivables $ 3,936,000 $ 2,722,000 Assets 322,000 451,000 Liabilities 1,345,000 1,157,000

Note 5 - Net Income (Loss) Pe_2

Note 5 - Net Income (Loss) Per Share of Common Stock (Tables)	6 Months Ended
	May 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended May 31, 2023 May 31, 2022 Numerator for basic and diluted net income per share: Net income $ 306,664 $ 175,353 Denominator: For basic net income per share - weighted average common shares outstanding 5,014,050 4,629,331 Effect of dilutive stock options - - For diluted net income per share - weighted average common shares outstanding 5,014,050 4,629,331 Net Income per share - Basic: Net Income per share $ 0.06 $ 0.04 Net Income per share - Diluted: Net Income per share $ 0.06 $ 0.04 For the Six Months Ended May 31, 2023 May 31, 2022 Numerator for basic and diluted net income (loss) per share: Net income (loss) $ 648,874 $ (231,136 ) Denominator: For basic net income (loss) per share - weighted average common shares outstanding 4,995,708 4,599,743 Effect of dilutive stock options - - For diluted net income (loss) per share - weighted average common shares outstanding 4,995,708 4,599,743 Net Income (Loss) per share - Basic: Net Income (Loss) per share $ 0.13 $ (0.05 ) Net Income (Loss) per share - Diluted: Net Income (Loss) per share $ 0.13 $ (0.05 )

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	6 Months Ended
Note 6 - Inventory (Tables)	May 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	May 31, 2023 November 30, 2022 Raw materials $ 9,387,172 $ 8,700,719 Work in process 343,206 624,781 Finished goods 3,328,295 3,029,099 Total Gross Inventory $ 13,058,673 $ 12,354,599 Less: Reserves (1,676,462 ) (1,743,047 ) Net Inventory $ 11,382,211 $ 10,611,552

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	6 Months Ended
Note 7 - Accrued Expenses (Tables)	May 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	May 31, 2023 November 30, 2022 Salaries, wages, and commissions $ 691,905 $ 755,708 Accrued warranty expense 253,444 193,301 Other 289,313 334,195 $ 1,234,662 $ 1,283,204

Note 8 - Assets Held for Lease

Note 8 - Assets Held for Lease (Tables)	6 Months Ended
Note 8 - Assets Held for Lease (Tables)	May 31, 2023
Notes Tables
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block]	May 31, 2023 November 30, 2022 Modular Buildings $ 209,172 $ 400,325 Total assets held for lease $ 209,172 $ 400,325

Note 9 - Product Warranty (Tabl

Note 9 - Product Warranty (Tables)	6 Months Ended
Note 9 - Product Warranty (Tables)	May 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended May 31, 2023 May 31, 2022 Balance, beginning $ 194,464 $ 115,062 Provision charged to expense 115,739 73,088 Less amounts charged-off (56,759 ) (98,601 ) Balance, ending $ 253,444 $ 89,549 Six Months Ended May 31, 2023 May 31, 2022 Balance, beginning $ 193,301 $ 202,850 Provision charged to expense 231,335 94,712 Less amounts charged-off (171,192 ) (208,013 ) Balance, ending $ 253,444 $ 89,549

Note 10 - Loan and Credit Agr_2

Note 10 - Loan and Credit Agreements (Tables)	6 Months Ended
Note 10 - Loan and Credit Agreements (Tables)	May 31, 2023
Notes Tables
Schedule of Debt [Table Text Block]	May 31, 2023 November 30, 2022 Bank Midwest loan payable in monthly installments of $19,648 including interest at 7.00%, due October 1, 2037 $ 2,123,271 $ 2,165,554 Bank Midwest loan payable in monthly installments of $2,972 including interest at 7.00%, due May 15, 2027 342,132 344,932 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 18, 2022, due June 18, 2050 162,388 163,793 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 18, 2022, due June 18, 2050 162,373 163,728 U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 24, 2022, due June 24, 2050 162,227 163,912 Total term debt $ 2,952,391 $ 3,001,919 Less current portion of term debt 106,305 97,678 Term debt, excluding current portion $ 2,846,086 $ 2,904,241
Schedule of Maturities of Long-Term Debt [Table Text Block]	Year Amount 2023 $ 60,485 2024 111,753 2025 120,190 2026 128,691 2027 420,029 2028 and thereafter 2,111,243 $ 2,952,391

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	6 Months Ended
Note 13 - Leases (Tables)	May 31, 2023
Notes Tables
Lessee, Operating Leases, Assets and Liabilities [Table Text Block]	May 31, 2023 November 30, 2022 Operating lease right-of-use assets (in other assets) $ 29,111 34,931 Current portion of operating lease liabilities (in accrued expenses) $ 10,315 10,915 Long-term portion of operating lease liabilities 18,796 24,016 Total operating lease liabilities $ 29,111 34,931
Lessee, Finance Leases, Assets and Liabilities [Table Text Block]	May 31, 2023 November 30, 2022 Finance lease right-of-use assets (net of amortization in other assets) $ 581,456 $ 540,052 Current portion of finance lease liabilities $ 236,385 $ 170,835 Long-term portion of finance lease liabilities 844,279 602,131 Total finance lease liabilities $ 1,080,664 $ 772,966

Note 14 - Equity Incentive Pl_2

Note 14 - Equity Incentive Plan and Stock Based Compensation (Tables)	6 Months Ended
	May 31, 2023
Notes Tables
Share-Based Payment Arrangement, Activity [Table Text Block]	For the Three Months Ended May 31, 2023 May 31, 2022 Shares issued to directors (immediate vesting) 10,000 10,000 Shares issued to directors, employees, and consultants (three year vesting) - - Total shares issued 10,000 10,000 For the Six Months Ended May 31, 2023 May 31, 2022 Shares issued to directors (immediate vesting) 15,000 15,000 Shares issued to directors, employees, and consultants (three year vesting) 82,250 94,500 Unvested shares forfeit upon termination - (8,333 ) Total shares issued 97,250 101,167

Note 15 - Common Stock Purcha_2

Note 15 - Common Stock Purchase Agreement (Tables)	6 Months Ended
Note 15 - Common Stock Purchase Agreement (Tables)	May 31, 2023
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Date Shares Share price net of discount Proceeds 7/25/2022 50,000 $ 2.07 $ 103,305 8/03/2022 50,000 $ 1.98 $ 98,940 8/15/2022 50,000 $ 2.00 $ 99,910 8/23/2022 65,000 $ 1.99 $ 129,253 9/23/2022 65,000 $ 1.76 $ 114,120 Total 280,000 $ 545,528

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	6 Months Ended
Note 17 - Segment Information (Tables)	May 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended May 31, 2023 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 6,368,000 $ 1,856,000 $ 784,000 $ 9,008,000 Income (loss) from operations 316,000 117,000 (14,000 ) $ 419,000 Income (loss) before tax 197,000 220,000 (29,000 ) $ 388,000 Total Assets 19,776,000 3,399,000 2,295,000 $ 25,470,000 Capital expenditures 249,000 78,000 - $ 327,000 Depreciation & Amortization 125,000 81,000 44,000 $ 250,000 Three Months Ended May 31, 2022 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 5,316,000 $ 1,209,000 $ 750,000 $ 7,275,000 Income (loss) from operations 447,000 (86,000 ) (40,000 ) $ 321,000 Income (loss) before tax 366,000 (93,000 ) (51,000 ) $ 222,000 Total Assets 18,389,000 2,998,000 2,520,000 $ 23,907,000 Capital expenditures 321,000 10,000 4,000 $ 335,000 Depreciation & Amortization 117,000 33,000 32,000 $ 182,000 Six Months Ended May 31, 2023 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 11,813,000 $ 3,498,000 $ 1,592,000 $ 16,903,000 Income (loss) from operations $ 818,000 $ 159,000 $ (9,000 ) $ 967,000 Income (loss) before tax $ 604,000 $ 257,000 $ (39,000 ) $ 822,000 Total Assets $ 19,776,000 $ 3,399,000 $ 2,295,000 $ 25,470,000 Capital expenditures $ 501,000 $ 123,000 $ 16,000 $ 640,000 Depreciation & Amortization $ 250,000 $ 158,000 $ 81,000 $ 489,000 Six Months Ended May 31, 2022 Agricultural Products Modular Buildings Tools Consolidated Revenue from external customers $ 9,477,000 $ 2,077,000 $ 1,334,000 $ 12,888,000 Income (loss) from operations $ 318,000 $ (308,000 ) $ (126,000 ) $ (116,000 ) Income (loss) before tax $ 180,000 $ (323,000 ) $ (150,000 ) $ (293,000 ) Total Assets $ 18,389,000 $ 2,998,000 $ 2,520,000 $ 23,907,000 Capital expenditures $ 474,000 $ 24,000 $ 11,000 $ 509,000 Depreciation & Amortization $ 218,000 $ 67,000 $ 65,000 $ 350,000

Note 1 - Description of the C_2

Note 1 - Description of the Company (Details Textual)	6 Months Ended
Note 1 - Description of the Company (Details Textual)	May 31, 2023
Number of Operating Segments	3

Note 3 - Disaggregation of Re_3

Note 3 - Disaggregation of Revenue (Details Textual) - USD ($)	May 31, 2023	May 31, 2022
Agricultural Products, Floorplan Program [Member]
Contract with Customer, Receivable, after Allowance for Credit Loss, Current, Total	$ 773,000	$ 725,000

Note 3 - Disaggregation of Re_4

Note 3 - Disaggregation of Revenue - Disaggregated Revenue From External Customer (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Revenue	$ 9,008,000	$ 7,275,000	$ 16,903,000	$ 12,888,000
Farm equipment	9,008,000	7,275,000	16,903,000	12,888,000
Farm Equipment [Member]
Revenue	5,491,000	4,530,000	10,223,000	8,045,000
Farm equipment	5,491,000	4,530,000	10,223,000	8,045,000
Farm Equipment Service Parts [Member]
Revenue	779,000	676,000	1,409,000
Farm equipment	779,000	676,000	1,409,000
Steel Cutting Tools and Inserts [Member]
Revenue	776,000	738,000	1,574,000	1,312,000
Farm equipment	776,000	738,000	1,574,000	1,312,000
Modular Buildings [Member]
Revenue	1,802,000	1,157,000	3,402,000	2,009,000
Farm equipment	1,802,000	1,157,000	3,402,000	2,009,000
Modular Buildings Lease Income [Member]
Revenue	32,000	0	64,000	0
Farm equipment	32,000	0	64,000	0
Product and Service, Other [Member]
Revenue	128,000	174,000	231,000	288,000
Farm equipment	128,000	174,000	231,000	288,000
Agricultural Products [Member]
Revenue	6,368,000	5,316,000	11,813,000	9,477,000
Farm equipment	6,368,000	5,316,000	11,813,000	9,477,000
Agricultural Products [Member] \| Farm Equipment [Member]
Revenue	5,491,000	4,530,000	10,223,000	8,045,000
Farm equipment	5,491,000	4,530,000	10,223,000	8,045,000
Agricultural Products [Member] \| Farm Equipment Service Parts [Member]
Revenue	779,000	676,000	1,409,000	1,234,000
Farm equipment	779,000	676,000	1,409,000	1,234,000
Agricultural Products [Member] \| Steel Cutting Tools and Inserts [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Agricultural Products [Member] \| Modular Buildings [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Agricultural Products [Member] \| Modular Buildings Lease Income [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Agricultural Products [Member] \| Product and Service, Other [Member]
Revenue	98,000	110,000	181,000	198,000
Farm equipment	98,000	110,000	181,000	198,000
Modular Buildings [Member]
Revenue	1,856,000	1,209,000	3,498,000	2,077,000
Farm equipment	1,856,000	1,209,000	3,498,000	2,077,000
Modular Buildings [Member] \| Farm Equipment [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Modular Buildings [Member] \| Farm Equipment Service Parts [Member]
Revenue	0	0		0
Farm equipment	0	0		0
Modular Buildings [Member] \| Steel Cutting Tools and Inserts [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Modular Buildings [Member] \| Modular Buildings [Member]
Revenue	1,802,000	1,157,000	3,402,000	2,009,000
Farm equipment	1,802,000	1,157,000	3,402,000	2,009,000
Modular Buildings [Member] \| Modular Buildings Lease Income [Member]
Revenue	32,000	0	64,000	0
Farm equipment	32,000	0	64,000	0
Modular Buildings [Member] \| Product and Service, Other [Member]
Revenue	22,000	52,000	32,000	68,000
Farm equipment	22,000	52,000	32,000	68,000
Tools [Member]
Revenue	784,000	750,000	1,592,000	1,334,000
Farm equipment	784,000	750,000	1,592,000	1,334,000
Tools [Member] \| Farm Equipment [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Tools [Member] \| Farm Equipment Service Parts [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Tools [Member] \| Steel Cutting Tools and Inserts [Member]
Revenue	776,000	738,000	1,574,000	1,312,000
Farm equipment	776,000	738,000	1,574,000	1,312,000
Tools [Member] \| Modular Buildings [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Tools [Member] \| Modular Buildings Lease Income [Member]
Revenue	0	0	0	0
Farm equipment	0	0	0	0
Tools [Member] \| Product and Service, Other [Member]
Revenue	8,000	12,000	18,000	22,000
Farm equipment	$ 8,000	$ 12,000	18,000	22,000
Farm Equipment Service Parts [Member]
Revenue				1,234,000
Farm equipment				$ 1,234,000
Farm Equipment Service Parts [Member] \| Farm Equipment Service Parts [Member]
Revenue			0
Farm equipment			$ 0

Note 4 - Contract Receivables_3

Note 4 - Contract Receivables, Contract Assets and Contract Liabilities (Details Textual) - USD ($)	6 Months Ended
	May 31, 2023	May 31, 2022	Nov. 30, 2022	Dec. 01, 2021
Contract with Customer, Liability, Revenue Recognized	$ 1,145,000	$ 559,000
Construction Contractor, Receivable, Excluding Contract Retainage	3,936,000		$ 2,722,000	$ 2,663,000
Contract with Customer, Asset, after Allowance for Credit Loss	322,000		451,000	177,000
Contract with Customer, Liability	$ 1,345,000		$ 1,157,000	$ 559,000

Note 4 - Contract Receivables_4

Note 4 - Contract Receivables, Contract Assets and Contract Liabilities - Contract With Customers (Details) - USD ($)	May 31, 2023	Nov. 30, 2022	Dec. 01, 2021
Receivables	$ 3,936,000	$ 2,722,000	$ 2,663,000
Assets	322,000	451,000	177,000
Liabilities	$ 1,345,000	$ 1,157,000	$ 559,000

Note 5 - Net Income (Loss) Pe_3

Note 5 - Net Income (Loss) Per Share of Common Stock- Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$ 306,664	$ 175,353	$ 648,874	$ (231,136)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding (in shares)	5,014,050	4,629,331	4,995,708	4,599,743
Effect of dilutive stock options (in shares)	0	0	0	0
For diluted net income (loss) per share - weighted average common shares outstanding (in shares)	5,014,050	4,629,331	4,995,708	4,599,743
Net Income (Loss) per share - Basic:
Net Income (Loss) per share (in dollars per share)	$ 0.06	$ 0.04	$ 0.13	$ (0.05)
Net Income (Loss) per share - Diluted:
Net Income (Loss) per share (in dollars per share)	$ 0.06	$ 0.04	$ 0.13	$ (0.05)

Note 6 - Inventory - Major Clas

Note 6 - Inventory - Major Classes of Inventory (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Raw materials	$ 9,387,172	$ 8,700,719
Work in process	343,206	624,781
Finished goods	3,328,295	3,029,099
Total Gross Inventory	13,058,673	12,354,599
Less: Reserves	1,676,462	1,743,047
Net Inventory	$ 11,382,211	$ 10,611,552

Note 7 - Accrued Expenses - Maj

Note 7 - Accrued Expenses - Major Components of Accrued Expenses (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Salaries, wages, and commissions	$ 691,905	$ 755,708
Accrued warranty expense	253,444	193,301
Other	289,313	334,195
Accrued Liabilities, Current	$ 1,234,662	$ 1,283,204

Note 8 - Assets Held for Leas_2

Note 8 - Assets Held for Lease (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
Note 8 - Assets Held for Lease (Details Textual) - USD ($)	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Operating Lease, Lease Income, Total				$ 0
Property Plant and Equipment, Lessor Asset Under Operating Lease, Next Rolling 12 Months	$ 37,606		$ 37,606
Gain (Loss) on Sale of Leased Assets, Net, Operating Leases	114,156	$ 0	114,156	$ 0
Sales [Member]
Operating Lease, Lease Income, Total	$ 32,000	$ 0	$ 64,000

Note 8 - Assets Held for Leas_3

Note 8 - Assets Held for Lease - Summary of Assets Held for Lease (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Modular Buildings	$ 209,172	$ 400,325
Modular Buildings [Member]
Modular Buildings	$ 209,172	$ 400,325

Note 9 - Product Warranty (Deta

Note 9 - Product Warranty (Details Textual)	6 Months Ended
Note 9 - Product Warranty (Details Textual)	May 31, 2023
Standard Product Warrant Term	1 year

Note 9 - Product Warranty - Cha

Note 9 - Product Warranty - Changes in Product Warranty Liability (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Balance, beginning	$ 194,464	$ 115,062	$ 193,301	$ 202,850
Settlements / adjustments	115,739	73,088	(231,335)	(94,712)
Provision charged to expense	(115,739)	(73,088)	231,335	94,712
Warranties issued	(56,759)	(98,601)	(171,192)	(208,013)
Less amounts charged-off	(56,759)	(98,601)	(171,192)	(208,013)
Balance, ending	$ 253,444	$ 89,549	$ 253,444	$ 89,549

Note 10 - Loan and Credit Agr_3

Note 10 - Loan and Credit Agreements (Details Textual)				6 Months Ended	12 Months Ended
Note 10 - Loan and Credit Agreements (Details Textual)	Jun. 24, 2020 USD ($)	Jun. 18, 2020 USD ($)	Sep. 28, 2017 USD ($)	May 31, 2023 USD ($)	Nov. 30, 2022 USD ($)	Sep. 28, 2022	May 17, 2022 USD ($)
Long-Term Debt, Total				$ 2,952,391	$ 3,001,919
Term Loan Due October 2037 [Member]
Long-Term Debt, Total				$ 2,123,271	$ 2,165,554
Debt Instrument, Interest Rate, Stated Percentage				7%	7%
Debt Instrument, Periodic Payment				$ 19,648	$ 19,648
EIDL Assistance Program, Loan One [Member]
Proceeds from Issuance of Debt		$ 150,000
EIDL Assistance Program, Loan Three [Member]
Proceeds from Issuance of Debt	$ 150,000
Economic Injury Distaster Loan Assistance Program [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Term	30 years
EIDL Assistance Program, Loan Two [Member]
Debt Instrument, Periodic Payment	$ 731
Proceeds from Issuance of Debt		$ 150,000
EIDL Assistance Program [Member]
Long-Term Debt, Total				162,388
Bank Midwest [Member]
Long-Term Line of Credit				4,704,059
Line of Credit Facility, Remaining Borrowing Capacity				$ 295,941
Line of Credit, Borrowing Base, Accounts Receivable				75%
Line of Credit, Borrowing Base, Inventory				50%
Debt Instrument, Covenant, Minimum Working Capital			$ 4,000,000
Debt Instrument, Covenant, Maximum Debt to Worth Ratio			1
Debt Instrument, Covenant, Minimum Tangible Balance Sheet Equity, Percentage			40%
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio			0.0125
Debt Instrument, Covenant, Minimum Debt Service Coverage Ratio, Tolerance			0.0010
Debt Instrument, Covenant, Annual Purchases or Sales Price of Equipment Before Requiring Bank Approval			$ 100,000
Bank Midwest [Member] \| Term Loan Due October 2037 [Member]
Long-Term Debt, Total				$ 2,600,000
Debt Instrument, Periodic Payment				$ 19,648
Bank Midwest [Member] \| Term Loan Due October 2037 [Member] \| United States Department of Agriculture [Member]
Guarantee Requirement, Personally Guarantee, Shareholders Ownership Percentage				20%
Bank Midwest [Member] \| Roof Term Loan [Member]
Long-Term Debt, Total				$ 342,132			$ 350,000
Debt Instrument, Interest Rate, Stated Percentage				7%
Debt Instrument, Periodic Payment				$ 2,972
Debt Instrument, Number of Periodic Payment							59
Debt Instrument, Estimated Balloon Payments				289,797
Bank Midwest [Member] \| Reserve Line of Credit [Member]
Long-Term Debt, Total							$ 350,000
Bank Midwest [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 5,000,000
Line of Credit Facility, Wall Street Journal Rate Floor				4.25%
Bank Midwest [Member] \| Revolving Credit Facility [Member] \| Wall Street Journal Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				1.25%
Line of Credit Facility, Interest Rate During Period				9.50%
Bank Midwest [Member] \| Term Loan Due October 2037 [Member]
Debt Instrument, Interest Rate, Stated Percentage				7%		5%
Bank Midwest [Member] \| Term Loan Due October 2037 [Member] \| United States Department of Agriculture [Member]
Upfront Guarantee Fee				$ 62,400
Guarantee Fee, Annual Fee, Percentage				0.50%
Guarantee Requirement, Personally Guarantee, Shareholders Ownership Percentage				20%
Bank Midwest [Member] \| Term Loan Due October 2037 [Member] \| J. Ward McConnell Jr. [Member]
Personally Guaranteed, Percentage of Loan				38%
Personally Guaranteed, Fee, Percentage of Guaranteed Amount				2%
Bank Midwest [Member] \| Term Loan Due October 2037 [Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage				4.15%
Bank Midwest [Member] \| Term Loan Due October 2037 [Member] \| Wall Street Journal Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				0.75%

Note 10 - Loan and Credit Agr_4

Note 10 - Loan and Credit Agreements - Summary of Term Debt (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Long-Term Debt, Total	$ 2,952,391	$ 3,001,919
Less current portion of term debt	106,305	97,678
Term debt, excluding current portion	2,846,086	2,904,241
Term Loan Due October 2037 [Member]
Long-Term Debt, Total	2,123,271	2,165,554
Bank Midwest Loan 2 [Member]
Long-Term Debt, Total	342,132	344,932
SBA Loan One [Member]
Long-Term Debt, Total	162,388	163,793
SBA Loan Two [Member]
Long-Term Debt, Total	162,373	163,728
SBA Loan Three [Member]
Long-Term Debt, Total	$ 162,227	$ 163,912

Note 10 - Loan and Credit Agr_5

Note 10 - Loan and Credit Agreements - Summary of Term Debt (Details) (Parentheticals) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2023	Nov. 30, 2022
Term Loan Due October 2037 [Member]
Debt Instrument, Periodic Payment	$ 19,648	$ 19,648
Debt Instrument, Interest Rate, Stated Percentage	7%	7%
Debt Instrument, Maturity Date	Oct. 01, 2037	Oct. 01, 2037
Debt Instrument, Interest Rate, Stated Percentage	7%	7%
Bank Midwest Loan 2 [Member]
Debt Instrument, Periodic Payment	$ 2,972	$ 2,972
Debt Instrument, Interest Rate, Stated Percentage	7%
Debt Instrument, Interest Rate, Stated Percentage	7%
SBA Loan One [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Maturity Date Range, Start	Dec. 18, 2022	Dec. 18, 2022
Debt Instrument, Maturity Date Range, End	Jun. 18, 2050	Jun. 18, 2050
SBA Loan Two [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Maturity Date Range, Start	Dec. 18, 2022	Dec. 18, 2022
Debt Instrument, Maturity Date Range, End	Jun. 18, 2050	Jun. 18, 2050
SBA Loan Three [Member]
Debt Instrument, Periodic Payment	$ 731	$ 731
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt Instrument, Maturity Date Range, Start	Dec. 24, 2022	Dec. 24, 2022
Debt Instrument, Maturity Date Range, End	Jun. 24, 2050	Jun. 24, 2050

Note 10 - Loan and Credit Agr_6

Note 10 - Loan and Credit Agreements - Summary of Minimum Maturities of Term Debt (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
2023	$ 60,485
2024	111,753
2025	120,190
2026	128,691
2027	420,029
2028 and thereafter	2,111,243
Long-Term Debt	$ 2,952,391	$ 3,001,919

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual)	Nov. 30, 2023
Forecast [Member]
Net Operating Losses and Tax Credit, Offset Tax Liability, Percentage	100%

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022	Nov. 30, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 9,008,000	$ 7,275,000	$ 16,903,000	$ 12,888,000
Accrued Liabilities, Current	1,234,662		1,234,662		$ 1,283,204
Related Party [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0		0
Accounts Receivable, after Allowance for Credit Loss	0	0	0	0
Operating Costs and Expenses	3,893	6,203	8,063	15,552
Accrued Liabilities, Current	$ 1,326	$ 1,423	$ 1,326	$ 1,423

Note 13 - Leases - Components o

Note 13 - Leases - Components of Operating Lease Liabilities (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Operating lease right-of-use assets (other assets)	$ 29,111	$ 34,931
Current portion of operating lease liabilities (accrued expenses)	10,315	10,915
Long-term portion of operating lease liabilities	18,796	24,016
Total operating lease liabilities	$ 29,111	$ 34,931

Note 13 - Leases - (Details)

Note 13 - Leases - (Details) - USD ($)	May 31, 2023	Nov. 30, 2022
Finance lease right-of-use assets (net of amortization in other assets)	$ 581,456	$ 540,052
Current portion of finance lease liabilities	236,385	170,835
Long-term portion of finance lease liabilities	844,279	602,131
Total finance lease liabilities	$ 1,080,664	$ 772,966

Note 14 - Equity Incentive Pl_3

Note 14 - Equity Incentive Plan and Stock Based Compensation (Details Textual)	Feb. 25, 2020 shares
Non-qualified Stock Units to Non-employee Directors Annually or Upon Election [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized	1,000
Non-qualified Stock Units to Non-employee Directors, Quarterly [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized	1,000
The 2020 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized	500,000

Note 14 - Equity Incentive Pl_4

Note 14 - Equity Incentive Plan and Stock Based Compensation - Summary of Shares Issued (Details) - shares	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022
Shares issued (in shares)	10,000	10,000	97,250	101,167
Unvested shares forfeit upon termination (in shares)			0	(8,333)
Director [Member] \| Vesting Immediately [Member]
Shares issued (in shares)	10,000	10,000	15,000	15,000
Employees, Directors, and Consultants [Member] \| Awards with Three-year Vesting [Member]
Shares issued (in shares)	0	0	82,250	94,500

Note 15 - Common Stock Purcha_3

Note 15 - Common Stock Purchase Agreement (Details Textual) - USD ($)							6 Months Ended
	Sep. 23, 2022	Aug. 23, 2022	Aug. 15, 2022	Aug. 03, 2022	Jul. 25, 2022	Mar. 29, 2022	May 31, 2023	May 31, 2022	Nov. 30, 2022
Common Stock, Par or Stated Value Per Share						$ 0.01	$ 0.01		$ 0.01
Stock Issued During Period, Value, New Issues								$ 117,200
Alumni Capital [Member]
Common Stock Purchase Agreement, Maximum Gross Proceeds from Issuance or Sale of Equity						$ 3,000,000
Stock Issued During Period, Shares, New Issues (in shares)	65,000	65,000	50,000	50,000	50,000	20,000	280,000	20,000
Common Stock Purchase Agreement, Shares to be Issued						20,000
Equity Issuance Cost, Total								$ 134,000
Stock Issued During Period, Value, New Issues								$ 117,000

Note 15 - Common Stock Purcha_4

Note 15 - Common Stock Purchase Agreement - Summary of Shares Purchased by Alumni Capital (Details) - Alumni Capital [Member] - USD ($)							6 Months Ended
	Sep. 23, 2022	Aug. 23, 2022	Aug. 15, 2022	Aug. 03, 2022	Jul. 25, 2022	Mar. 29, 2022	May 31, 2023	May 31, 2022
Common stock purchase agreement (in shares)	65,000	65,000	50,000	50,000	50,000	20,000	280,000	20,000
7/25/2022 (in dollars per share)	$ 1.76	$ 1.99	$ 2	$ 1.98	$ 2.07
7/25/2022	$ 114,120	$ 129,253	$ 99,910	$ 98,940	$ 103,305		$ 545,528

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual)	6 Months Ended
Note 17 - Segment Information (Details Textual)	May 31, 2023
Number of Reportable Segments	3

Note 17 - Segment Information -

Note 17 - Segment Information - Segment Reporting Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2023	May 31, 2022	May 31, 2023	May 31, 2022	Nov. 30, 2022
Revenue from external customers	$ 9,007,874	$ 7,275,353	$ 16,902,659	$ 12,888,420
Income (loss) from operations	418,610	321,093	967,196	(115,784)
Total Assets	25,470,337		25,470,337		$ 23,948,314
Capital expenditures			639,833	509,097
Depreciation & Amortization			488,806	350,435
Operating Segments [Member]
Revenue from external customers	9,008,000	7,275,000	16,903,000	12,888,000
Income (loss) from operations	419,000	321,000	967,000	(116,000)
Income (loss) before tax	388,000	222,000	822,000	(293,000)
Total Assets	25,470,000	23,907,000	25,470,000	23,907,000
Capital expenditures	327,000	335,000	640,000	509,000
Depreciation & Amortization	250,000	182,000	489,000	350,000
Operating Segments [Member] \| Agricultural Products [Member]
Revenue from external customers	6,368,000	5,316,000	11,813,000	9,477,000
Income (loss) from operations	316,000	447,000	818,000	318,000
Income (loss) before tax	197,000	366,000	604,000	180,000
Total Assets	19,776,000	18,389,000	19,776,000	18,389,000
Capital expenditures	249,000	321,000	501,000	474,000
Depreciation & Amortization	125,000	117,000	250,000	218,000
Operating Segments [Member] \| Modular Buildings [Member]
Revenue from external customers	1,856,000	1,209,000	3,498,000	2,077,000
Income (loss) from operations	117,000	(86,000)	159,000	(308,000)
Income (loss) before tax	220,000	(93,000)	257,000	(323,000)
Total Assets	3,399,000	2,998,000	3,399,000	2,998,000
Capital expenditures	78,000	10,000	123,000	24,000
Depreciation & Amortization	81,000	33,000	158,000	67,000
Operating Segments [Member] \| Tools [Member]
Revenue from external customers	784,000	750,000	1,592,000	1,334,000
Income (loss) from operations	(14,000)	(40,000)	(9,000)	(126,000)
Income (loss) before tax	(29,000)	(51,000)	(39,000)	(150,000)
Total Assets	2,295,000	2,520,000	2,295,000	2,520,000
Capital expenditures	0	4,000	16,000	11,000
Depreciation & Amortization	$ 44,000	$ 32,000	$ 81,000	$ 65,000