our modular building segment was profitable in the 2019 fiscal year mainly due a large contract that is approximately 55 % complete . this segment carries a strong backlog into 2020 that will provide a great start to our 2020 fiscal year . our tools segment did not have a strong year financially but did sign an oem agreement that has the potential to increase their sales in the 2020 fiscal year . our consolidated balance sheet indicates a stable financial position as of november 30 , 2019. despite showing a net loss from continuing operations of $ ( 1,420,000 ) for the 2019 fiscal year we were able to decrease our total liabilities by $ 735,000 compared to the 2018 fiscal year . our total borrowings were reduced by $ 1,241,000 in fiscal year 2019 compared to fiscal year 2018. we expect to have access to capital as needed throughout 2020 through the sale of inventory and from the use our line of credit . at november 30 , 2019 we had $ 2,421,470 available on our line of credit . despite the continued losses , our banking relationship has remained positive through transparency and continued communication . our working capital remained strong around $ 6,204,000 in the 2019 fiscal year with a current ratio of 2.19 , up eight points from 2018. we continue to put emphasis on reducing our inventory to more manageable levels to decrease carrying costs , implement lean manufacturing practices and improve our inventory turnover . we do not foresee liquidity issues within the next twelve months . critical accounting policies our significant accounting policies are described in note 1 “ summary of significant accounting policies ” to our financial statements in “ item 8. financial statements and supplementary data ” of this report . critical accounting policies are those that we believe are both important to the portrayal of our financial condition and results and require our most difficult , subjective or complex judgments , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . we believe that the following represents the most critical accounting policies and estimates used in the preparation of our consolidated financial statements . inventories inventories are stated at the lower of cost or net realizable value , and cost is determined using the standard costing method . management monitors the carrying value of inventories using inventory control and review processes that include , but are not limited to , sales forecast review , inventory status reports , and inventory reduction programs . we record inventory write downs to net realizable value based on expected usage information for raw materials and historical selling trends for finished goods . if the assumptions made by management do not occur , we may need to record additional write downs . revenue recognition effective december 1 , 2018 we adopted the financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) subtopic 606 , revenue from contracts with customers ( “ asc 606 ” ) , using the modified retrospective adoption method . the adoption of asc 606 had no impact on prior year or previously disclosed amounts . in accordance with asc 606 , revenue is measured based on consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract . 12 our revenues primarily result from contracts with customers . the major sources of revenue for the agricultural products and tools segments are farm equipment , service parts related to farm equipment and steel cutting tools and inserts . the agricultural products and tools segments generally execute short-term contracts that contain a single performance obligation – the delivery of product to the common carrier . we recognize revenue for the production and sale of farm equipment , service parts and cutting tools upon shipment of the goods . shipment of the goods is the point in time when risk of ownership and title pass to the buyer . all sales are made to authorized dealers whose application for dealer status has been approved and who have been informed of general sales policies . any changes in our terms are documented in the most recently published price lists . pricing is fixed and determinable according to our published equipment and parts price lists . title to all equipment and parts sold pass to the buyer upon delivery to the carrier and is not subject to a customer acceptance provision . proof of the passing of title is documented by the signing of the delivery receipt by a representative of the carrier . post shipment obligations are limited to any claim with respect to the condition of the equipment or parts . the agricultural products and tools segments each typically require payment in full 30 days after the ship date . to take advantage of program discounts , some customers pay deposits up front . any deposits received are considered unearned revenue and increase contract liabilities . in certain circumstances , upon the customer 's written request , we may recognize revenue when production is complete , and the goods are ready for shipment . at the buyer 's request , we will bill the buyer upon completing all performance obligations , but before shipment . the buyer dictates that we ship the goods per their direction from our manufacturing facility , as is customary with this type of agreement , in order to minimize shipping costs . story_separator_special_tag moreover , oem blower revenue of approximately $ 262,000 in the 2018 fiscal year was not repeated in the 2019 fiscal year as our oem blower customer elected not to purchase any blowers from us in fiscal 2019 due to slow-moving inventory on their dealer lots relating to poor agricultural market conditions . while we saw decreased demand in the above product lines , we saw increased demand in dump boxes , land maintenance equipment , bale processors and beet equipment for a combined $ 1,500,000 increase in sales . at the end of our third fiscal quarter of 2019 our year to date sales were down 18.4 % in this segment . our strongest fourth quarter since the 2014 fiscal year brought us to within approximately 6 % of the 2018 fiscal year 's total . gross profit percentage for the 2019 fiscal year was 16.3 % compared to 17.4 % for the 2018 fiscal year . our decreased gross profit percentage is due largely to a decrease in workforce efficiency . with the absence of steady demand for portable feed equipment , our most efficient equipment to build , we have struggled to gain operational efficiencies that are generally gained by continued production of a single product . our efficiency has also been affected by the diversion of direct labor for operational changes that will have long-term benefits . we have partially completed warehouse reorganization , which we expect will improve inventory accuracy and decrease travel time for material handlers and machine operators . we have also implemented a material review board to decrease scrap and eliminate production errors . we believe our continued operational improvement projects will put us in a position to meet increased demand in an improved agriculture economy . our agricultural products segment 's operating expenses for the 2019 fiscal year were $ 3,796,000 compared to $ 4,959,000 for the 2018 fiscal year , a decrease of $ 1,163,000 , or 23.5 % . in the 2018 fiscal year , operating expenses included one-time non-cash expenses of $ 216,000 for the impairment of our west union facility and $ 375,000 for the impairment of goodwill related to our miller pro product line . these expenses were not repeated in the 2019 fiscal year . we also saw decreased selling expense in the 2019 fiscal year due to decreased commissions as a result of lower sales along with refocused marketing techniques . our new marketing efforts include a shift to social media from more expensive print advertisements along with less participation in trade shows in the 2019 fiscal year . this segment 's operating expenses for the 2019 fiscal year were 28.1 % of sales compared to 34.6 % of sales for the 2018 fiscal year . total loss from operations for our agricultural products segment during the 2019 fiscal year was $ ( 1,599,000 ) compared to an operating loss of $ ( 2,462,000 ) for the 2018 fiscal year , a decrease in loss of $ 863,000. modular buildings . our modular buildings segment 's net sales for the 2019 fiscal year were $ 7,260,000 compared to $ 3,109,000 for the 2018 fiscal year , an increase of $ 4,151,000 , or 133.5 % . the increase in sales was attributable to increased operating lease activity in 2019 and progress on a $ 8.5 million project . gross profit for the 2019 fiscal year was 16.1 % compared to 12.0 % during the 2018 fiscal year . the increase in gross profit was largely due to increased revenue providing more variable margin to cover fixed costs . operating expenses for the 2019 fiscal year were 13.3 % of sales compared to 30.2 % for the 2018 fiscal year . total income from operations from our modular buildings segment during the 2019 fiscal year was $ 208,000 compared to an operating loss of $ ( 566,000 ) in the 2018 fiscal year , a decrease in loss of $ 774,000. tools . our tools segment 's net sales for the 2019 fiscal year were $ 2,121,000 compared to $ 2,274,000 for the 2018 fiscal year , a decrease of $ 153,000 , or 6.7 % . the decrease is primarily due to the loss of a large volume customer near the end of the first fiscal quarter of 2018. this segment began integration of an oem product line at the end of the fourth fiscal quarter of 2019 that is expected to more than make up for the loss of this customer . gross profit for the 2019 fiscal year was 26.4 % compared to 28.2 % for the 2018 fiscal year . our decreased gross margin for the twelve months is largely due to lower revenues with less variable margin to absorb fixed costs . operating expenses were $ 666,000 for the 2019 fiscal year compared to $ 709,000 for the 2018 fiscal year , a decrease of $ 43,000 , or 6.1 % . this decrease is largely related to reduction of commission expense as the result of lower sales levels . results of operations – discontinued operations during the third quarter of the 2016 fiscal year , we made the decision to exit the pressure vessels industry . on march 29 , 2018 we disposed of the remaining assets for $ 1,500,000. we did not have net sales from our pressurized vessels segment in the 2019 or 2018 fiscal year . we continued to incur expenses during the 2018 fiscal year due to holding the facility in dubuque , iowa . our pretax loss in the 2018 fiscal year was $ ( 67,000 ) . 15 trends and uncertainties we are subject to a number of trends and uncertainties that may affect our short-term or long-term liquidity , sales revenues , and operations . similar to other farm equipment manufacturers , we are affected by items unique to the farm industry , including fluctuations in farm income resulting from the change

liquidity and capital resources our main source of funds during the 2019 fiscal year was cash generated by operating activities , which was primarily from the sale and reduction of inventory . we did have substantial positive cash flow from investing activities related to the sale of our west union facility as well . we used approximately $ 447,000 of cash to update facilities and equipment which includes software and hardware related to information technology advances , transportation equipment , and manufacturing equipment . we have a bank midwest credit facility consisting of a $ 5,000,000 revolving line of credit , pursuant to which we had borrowed $ 2,578,530 , with $ 2,421,470 remaining , as of november 30 , 2019 , and one term loan , which had an outstanding principal balance of $ 2,435,993 as of november 30 , 2019. the revolving line of credit is being used for working capital purposes . we also had a loan relating to our production facility in west union , iowa , from the iowa finance authority , which was paid in full in connection with the sale of the west union facility on december 14 , 2018. our loans require us to comply with various covenants , including maintaining certain financial ratiosand obtaining prior written consent from bank midwest for any investment in , acquisition of , or guaranty relating to another business or entity .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our main source of funds during the 2019 fiscal year was cash generated by operating activities , which was primarily from the sale and reduction of inventory . we did have substantial positive cash flow from investing activities related to the sale of our west union facility as well . we used approximately $ 447,000 of cash to update facilities and equipment which includes software and hardware related to information technology advances , transportation equipment , and manufacturing equipment . we have a bank midwest credit facility consisting of a $ 5,000,000 revolving line of credit , pursuant to which we had borrowed $ 2,578,530 , with $ 2,421,470 remaining , as of november 30 , 2019 , and one term loan , which had an outstanding principal balance of $ 2,435,993 as of november 30 , 2019. the revolving line of credit is being used for working capital purposes . we also had a loan relating to our production facility in west union , iowa , from the iowa finance authority , which was paid in full in connection with the sale of the west union facility on december 14 , 2018. our loans require us to comply with various covenants , including maintaining certain financial ratiosand obtaining prior written consent from bank midwest for any investment in , acquisition of , or guaranty relating to another business or entity .
```    
 Suspicious Activity Report : our modular building segment was profitable in the 2019 fiscal year mainly due a large contract that is approximately 55 % complete . this segment carries a strong backlog into 2020 that will provide a great start to our 2020 fiscal year . our tools segment did not have a strong year financially but did sign an oem agreement that has the potential to increase their sales in the 2020 fiscal year . our consolidated balance sheet indicates a stable financial position as of november 30 , 2019. despite showing a net loss from continuing operations of $ ( 1,420,000 ) for the 2019 fiscal year we were able to decrease our total liabilities by $ 735,000 compared to the 2018 fiscal year . our total borrowings were reduced by $ 1,241,000 in fiscal year 2019 compared to fiscal year 2018. we expect to have access to capital as needed throughout 2020 through the sale of inventory and from the use our line of credit . at november 30 , 2019 we had $ 2,421,470 available on our line of credit . despite the continued losses , our banking relationship has remained positive through transparency and continued communication . our working capital remained strong around $ 6,204,000 in the 2019 fiscal year with a current ratio of 2.19 , up eight points from 2018. we continue to put emphasis on reducing our inventory to more manageable levels to decrease carrying costs , implement lean manufacturing practices and improve our inventory turnover . we do not foresee liquidity issues within the next twelve months . critical accounting policies our significant accounting policies are described in note 1 “ summary of significant accounting policies ” to our financial statements in “ item 8. financial statements and supplementary data ” of this report . critical accounting policies are those that we believe are both important to the portrayal of our financial condition and results and require our most difficult , subjective or complex judgments , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . we believe that the following represents the most critical accounting policies and estimates used in the preparation of our consolidated financial statements . inventories inventories are stated at the lower of cost or net realizable value , and cost is determined using the standard costing method . management monitors the carrying value of inventories using inventory control and review processes that include , but are not limited to , sales forecast review , inventory status reports , and inventory reduction programs . we record inventory write downs to net realizable value based on expected usage information for raw materials and historical selling trends for finished goods . if the assumptions made by management do not occur , we may need to record additional write downs . revenue recognition effective december 1 , 2018 we adopted the financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) subtopic 606 , revenue from contracts with customers ( “ asc 606 ” ) , using the modified retrospective adoption method . the adoption of asc 606 had no impact on prior year or previously disclosed amounts . in accordance with asc 606 , revenue is measured based on consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract . 12 our revenues primarily result from contracts with customers . the major sources of revenue for the agricultural products and tools segments are farm equipment , service parts related to farm equipment and steel cutting tools and inserts . the agricultural products and tools segments generally execute short-term contracts that contain a single performance obligation – the delivery of product to the common carrier . we recognize revenue for the production and sale of farm equipment , service parts and cutting tools upon shipment of the goods . shipment of the goods is the point in time when risk of ownership and title pass to the buyer . all sales are made to authorized dealers whose application for dealer status has been approved and who have been informed of general sales policies . any changes in our terms are documented in the most recently published price lists . pricing is fixed and determinable according to our published equipment and parts price lists . title to all equipment and parts sold pass to the buyer upon delivery to the carrier and is not subject to a customer acceptance provision . proof of the passing of title is documented by the signing of the delivery receipt by a representative of the carrier . post shipment obligations are limited to any claim with respect to the condition of the equipment or parts . the agricultural products and tools segments each typically require payment in full 30 days after the ship date . to take advantage of program discounts , some customers pay deposits up front . any deposits received are considered unearned revenue and increase contract liabilities . in certain circumstances , upon the customer 's written request , we may recognize revenue when production is complete , and the goods are ready for shipment . at the buyer 's request , we will bill the buyer upon completing all performance obligations , but before shipment . the buyer dictates that we ship the goods per their direction from our manufacturing facility , as is customary with this type of agreement , in order to minimize shipping costs . story_separator_special_tag moreover , oem blower revenue of approximately $ 262,000 in the 2018 fiscal year was not repeated in the 2019 fiscal year as our oem blower customer elected not to purchase any blowers from us in fiscal 2019 due to slow-moving inventory on their dealer lots relating to poor agricultural market conditions . while we saw decreased demand in the above product lines , we saw increased demand in dump boxes , land maintenance equipment , bale processors and beet equipment for a combined $ 1,500,000 increase in sales . at the end of our third fiscal quarter of 2019 our year to date sales were down 18.4 % in this segment . our strongest fourth quarter since the 2014 fiscal year brought us to within approximately 6 % of the 2018 fiscal year 's total . gross profit percentage for the 2019 fiscal year was 16.3 % compared to 17.4 % for the 2018 fiscal year . our decreased gross profit percentage is due largely to a decrease in workforce efficiency . with the absence of steady demand for portable feed equipment , our most efficient equipment to build , we have struggled to gain operational efficiencies that are generally gained by continued production of a single product . our efficiency has also been affected by the diversion of direct labor for operational changes that will have long-term benefits . we have partially completed warehouse reorganization , which we expect will improve inventory accuracy and decrease travel time for material handlers and machine operators . we have also implemented a material review board to decrease scrap and eliminate production errors . we believe our continued operational improvement projects will put us in a position to meet increased demand in an improved agriculture economy . our agricultural products segment 's operating expenses for the 2019 fiscal year were $ 3,796,000 compared to $ 4,959,000 for the 2018 fiscal year , a decrease of $ 1,163,000 , or 23.5 % . in the 2018 fiscal year , operating expenses included one-time non-cash expenses of $ 216,000 for the impairment of our west union facility and $ 375,000 for the impairment of goodwill related to our miller pro product line . these expenses were not repeated in the 2019 fiscal year . we also saw decreased selling expense in the 2019 fiscal year due to decreased commissions as a result of lower sales along with refocused marketing techniques . our new marketing efforts include a shift to social media from more expensive print advertisements along with less participation in trade shows in the 2019 fiscal year . this segment 's operating expenses for the 2019 fiscal year were 28.1 % of sales compared to 34.6 % of sales for the 2018 fiscal year . total loss from operations for our agricultural products segment during the 2019 fiscal year was $ ( 1,599,000 ) compared to an operating loss of $ ( 2,462,000 ) for the 2018 fiscal year , a decrease in loss of $ 863,000. modular buildings . our modular buildings segment 's net sales for the 2019 fiscal year were $ 7,260,000 compared to $ 3,109,000 for the 2018 fiscal year , an increase of $ 4,151,000 , or 133.5 % . the increase in sales was attributable to increased operating lease activity in 2019 and progress on a $ 8.5 million project . gross profit for the 2019 fiscal year was 16.1 % compared to 12.0 % during the 2018 fiscal year . the increase in gross profit was largely due to increased revenue providing more variable margin to cover fixed costs . operating expenses for the 2019 fiscal year were 13.3 % of sales compared to 30.2 % for the 2018 fiscal year . total income from operations from our modular buildings segment during the 2019 fiscal year was $ 208,000 compared to an operating loss of $ ( 566,000 ) in the 2018 fiscal year , a decrease in loss of $ 774,000. tools . our tools segment 's net sales for the 2019 fiscal year were $ 2,121,000 compared to $ 2,274,000 for the 2018 fiscal year , a decrease of $ 153,000 , or 6.7 % . the decrease is primarily due to the loss of a large volume customer near the end of the first fiscal quarter of 2018. this segment began integration of an oem product line at the end of the fourth fiscal quarter of 2019 that is expected to more than make up for the loss of this customer . gross profit for the 2019 fiscal year was 26.4 % compared to 28.2 % for the 2018 fiscal year . our decreased gross margin for the twelve months is largely due to lower revenues with less variable margin to absorb fixed costs . operating expenses were $ 666,000 for the 2019 fiscal year compared to $ 709,000 for the 2018 fiscal year , a decrease of $ 43,000 , or 6.1 % . this decrease is largely related to reduction of commission expense as the result of lower sales levels . results of operations – discontinued operations during the third quarter of the 2016 fiscal year , we made the decision to exit the pressure vessels industry . on march 29 , 2018 we disposed of the remaining assets for $ 1,500,000. we did not have net sales from our pressurized vessels segment in the 2019 or 2018 fiscal year . we continued to incur expenses during the 2018 fiscal year due to holding the facility in dubuque , iowa . our pretax loss in the 2018 fiscal year was $ ( 67,000 ) . 15 trends and uncertainties we are subject to a number of trends and uncertainties that may affect our short-term or long-term liquidity , sales revenues , and operations . similar to other farm equipment manufacturers , we are affected by items unique to the farm industry , including fluctuations in farm income resulting from the change

