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BUSINESS SEGMENTS | 3 Months Ended
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Dec. 31, 2022
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 10. BUSINESS SEGMENTS ​ The Company has two reportable business segments: the wholesale distribution of consumer products which includes Team Sledd, and the retail sale of health and natural food products. The aggregation of the Company’s business operations into these business segments was based on a range of considerations including but not limited to the characteristics of each business, similarities in the nature and type of products sold, customer classes, methods used to sell the products and economic profiles. 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) from operations before taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED DECEMBER 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 367,689,677 | ​ | $ | — | ​ | $ | — | ​ | $ | 367,689,677
Tobacco | ​ | ​ | 104,039,120 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 104,039,120
Confectionery | ​ | ​ | 32,558,996 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,558,996
Health food | ​ | ​ | — | ​ | ​ | 10,261,873 | ​ | ​ | — | ​ | ​ | 10,261,873
Foodservice & other | ​ | ​ | 51,439,841 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51,439,841
Total external revenue | ​ | ​ | 555,727,634 | ​ | ​ | 10,261,873 | ​ | ​ | — | ​ | ​ | 565,989,507
Depreciation | ​ | ​ | 750,130 | ​ | ​ | 278,223 | ​ | ​ | — | ​ | ​ | 1,028,353
Amortization | ​ | ​ | 42,533 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 42,533
Operating income (loss) | ​ | ​ | 8,240,495 | ​ | ​ | (266,616) | ​ | ​ | (2,454,368) | ​ | ​ | 5,519,511
Interest expense | ​ | ​ | 886,148 | ​ | ​ | — | ​ | ​ | 808,010 | ​ | ​ | 1,694,158
Income (loss) from operations before taxes | ​ | ​ | 7,327,399 | ​ | ​ | (242,500) | ​ | ​ | (3,151,098) | ​ | ​ | 3,933,801
Total assets | ​ | ​ | 313,505,013 | ​ | ​ | 16,681,645 | ​ | ​ | 687,291 | ​ | ​ | 330,873,949
Capital expenditures | ​ | ​ | 1,248,067 | ​ | ​ | 143,865 | ​ | ​ | — | ​ | ​ | 1,391,932
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED DECEMBER 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 279,366,392 | ​ | $ | — | ​ | $ | — | ​ | $ | 279,366,392
Tobacco | ​ | ​ | 69,068,234 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 69,068,234
Confectionery | ​ | ​ | 24,479,036 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,479,036
Health food | ​ | ​ | — | ​ | ​ | 11,925,205 | ​ | ​ | — | ​ | ​ | 11,925,205
Foodservice & other | ​ | ​ | 37,732,411 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,732,411
Total external revenue | ​ | ​ | 410,646,073 | ​ | ​ | 11,925,205 | ​ | ​ | — | ​ | ​ | 422,571,278
Depreciation | ​ | ​ | 486,765 | ​ | ​ | 297,480 | ​ | ​ | — | ​ | ​ | 784,245
Operating income (loss) | ​ | ​ | 7,438,666 | ​ | ​ | 461,585 | ​ | ​ | (4,142,573) | ​ | ​ | 3,757,678
Interest expense | ​ | ​ | 55,495 | ​ | ​ | — | ​ | ​ | 266,602 | ​ | ​ | 322,097
Income (loss) from operations before taxes | ​ | ​ | 7,391,732 | ​ | ​ | 464,742 | ​ | ​ | (4,380,784) | ​ | ​ | 3,475,690
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 770,365 | ​ | ​ | 770,365
Total assets | ​ | ​ | 153,998,433 | ​ | ​ | 17,710,816 | ​ | ​ | 13,939,522 | ​ | ​ | 185,648,771
Capital expenditures | ​ | ​ | 176,981 | ​ | ​ | 44,445 | ​ | ​ | — | ​ | ​ | 221,426
​

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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