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BUSINESS SEGMENTS | 6 Months Ended
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Mar. 31, 2022
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 10. BUSINESS SEGMENTS ​ The Company has two reportable business segments: the wholesale distribution of consumer products and the retail sale of health and natural food products. The retail health food stores’ operations are aggregated to comprise the Retail Segment because such operations have similar economic characteristics, as well as similar characteristics with respect to the nature of products sold, the type and class of customers for the health food products and the methods used to sell the products. Included in the “Other” column are intercompany eliminations, equity method investment earnings, net of tax and assets held and charges incurred and income earned by our holding company. The segments are evaluated on revenues, gross margins, operating income (loss), and income (loss) before taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED MARCH 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 256,539,579 | ​ | $ | — | ​ | $ | — | ​ | $ | 256,539,579
Tobacco | ​ | ​ | 66,739,280 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 66,739,280
Confectionery | ​ | ​ | 22,671,755 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,671,755
Health food | ​ | ​ | — | ​ | ​ | 12,419,296 | ​ | ​ | — | ​ | ​ | 12,419,296
Foodservice & other | ​ | ​ | 33,518,282 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 33,518,282
Total external revenue | ​ | ​ | 379,468,896 | ​ | ​ | 12,419,296 | ​ | ​ | — | ​ | ​ | 391,888,192
Depreciation | ​ | ​ | 499,567 | ​ | ​ | 318,655 | ​ | ​ | — | ​ | ​ | 818,222
Operating income (loss) | ​ | ​ | 6,303,312 | ​ | ​ | 746,068 | ​ | ​ | (3,106,031) | ​ | ​ | 3,943,349
Interest expense | ​ | ​ | 53,067 | ​ | ​ | — | ​ | ​ | 191,853 | ​ | ​ | 244,920
Income (loss) from operations before taxes | ​ | ​ | 6,281,362 | ​ | ​ | 748,572 | ​ | ​ | (3,270,547) | ​ | ​ | 3,759,387
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 591,795 | ​ | ​ | 591,795
Total assets | ​ | ​ | 149,384,369 | ​ | ​ | 17,563,452 | ​ | ​ | 14,222,250 | ​ | ​ | 181,170,071
Capital expenditures | ​ | ​ | 466,703 | ​ | ​ | 187,093 | ​ | ​ | — | ​ | ​ | 653,796
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED MARCH 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 255,558,043 | ​ | $ | — | ​ | $ | — | ​ | $ | 255,558,043
Tobacco | ​ | ​ | 61,431,768 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 61,431,768
Confectionery | ​ | ​ | 19,901,516 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,901,516
Health food | ​ | ​ | — | ​ | ​ | 12,306,332 | ​ | ​ | — | ​ | ​ | 12,306,332
Foodservice & other | ​ | ​ | 29,315,831 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 29,315,831
Total external revenue | ​ | ​ | 366,207,158 | ​ | ​ | 12,306,332 | ​ | ​ | — | ​ | ​ | 378,513,490
Depreciation | ​ | ​ | 487,004 | ​ | ​ | 292,921 | ​ | ​ | — | ​ | ​ | 779,925
Operating income (loss) | ​ | ​ | 4,431,132 | ​ | ​ | 661,303 | ​ | ​ | (1,921,741) | ​ | ​ | 3,170,694
Interest expense | ​ | ​ | 58,109 | ​ | ​ | — | ​ | ​ | 252,434 | ​ | ​ | 310,543
Income (loss) from operations before taxes | ​ | ​ | 4,425,941 | ​ | ​ | 664,193 | ​ | ​ | (2,145,718) | ​ | ​ | 2,944,416
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 313,492 | ​ | ​ | 313,492
Total assets | ​ | ​ | 142,275,883 | ​ | ​ | 17,673,640 | ​ | ​ | 11,575,485 | ​ | ​ | 171,525,008
Capital expenditures | ​ | ​ | 186,991 | ​ | ​ | 101,294 | ​ | ​ | — | ​ | ​ | 288,285
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
SIX MONTHS ENDED MARCH 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 535,905,970 | ​ | $ | — | ​ | $ | — | ​ | $ | 535,905,970
Tobacco | ​ | ​ | 135,807,514 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 135,807,514
Confectionery | ​ | ​ | 47,150,791 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 47,150,791
Health food | ​ | ​ | — | ​ | ​ | 24,344,501 | ​ | ​ | — | ​ | ​ | 24,344,501
Foodservice & other | ​ | ​ | 71,250,693 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 71,250,693
Total external revenue | ​ | ​ | 790,114,968 | ​ | ​ | 24,344,501 | ​ | ​ | — | ​ | ​ | 814,459,469
Depreciation | ​ | ​ | 986,332 | ​ | ​ | 616,135 | ​ | ​ | — | ​ | ​ | 1,602,467
Operating income (loss) | ​ | ​ | 13,741,978 | ​ | ​ | 1,207,653 | ​ | ​ | (7,248,604) | ​ | ​ | 7,701,027
Interest expense | ​ | ​ | 108,562 | ​ | ​ | — | ​ | ​ | 458,456 | ​ | ​ | 567,018
Income (loss) from operations before taxes | ​ | ​ | 13,673,095 | ​ | ​ | 1,213,313 | ​ | ​ | (7,651,331) | ​ | ​ | 7,235,077
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,362,161 | ​ | ​ | 1,362,161
Total assets | ​ | ​ | 149,384,369 | ​ | ​ | 17,563,452 | ​ | ​ | 14,222,250 | ​ | ​ | 181,170,071
Capital expenditures | ​ | ​ | 643,684 | ​ | ​ | 231,538 | ​ | ​ | — | ​ | ​ | 875,222
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
SIX MONTHS ENDED MARCH 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 532,147,749 | ​ | $ | — | ​ | $ | — | ​ | $ | 532,147,749
Tobacco | ​ | ​ | 126,277,312 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 126,277,312
Confectionery | ​ | ​ | 40,066,093 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40,066,093
Health food | ​ | ​ | — | ​ | ​ | 23,453,430 | ​ | ​ | — | ​ | ​ | 23,453,430
Foodservice & other | ​ | ​ | 61,313,679 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 61,313,679
Total external revenue | ​ | ​ | 759,804,833 | ​ | ​ | 23,453,430 | ​ | ​ | — | ​ | ​ | 783,258,263
Depreciation | ​ | ​ | 959,697 | ​ | ​ | 594,513 | ​ | ​ | — | ​ | ​ | 1,554,210
Operating income (loss) | ​ | ​ | 10,219,371 | ​ | ​ | 546,316 | ​ | ​ | (3,507,115) | ​ | ​ | 7,258,572
Interest expense | ​ | ​ | 87,645 | ​ | ​ | — | ​ | ​ | 599,328 | ​ | ​ | 686,973
Income (loss) from operations before taxes | ​ | ​ | 10,195,201 | ​ | ​ | 552,034 | ​ | ​ | (4,049,548) | ​ | ​ | 6,697,687
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 648,831 | ​ | ​ | 648,831
Total assets | ​ | ​ | 142,275,883 | ​ | ​ | 17,673,640 | ​ | ​ | 11,575,485 | ​ | ​ | 171,525,008
Capital expenditures | ​ | ​ | 593,431 | ​ | ​ | 143,366 | ​ | ​ | — | ​ | ​ | 736,797
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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