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BUSINESS SEGMENTS | 3 Months Ended
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Dec. 31, 2024
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 10. BUSINESS SEGMENTS ​ The Company has two reportable business segments: the wholesale distribution of consumer products (the Wholesale Segment), and the retail sale of health and natural food products (the Retail Segment). 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 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 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 438,021,998 | ​ | $ | — | ​ | $ | — | ​ | $ | 438,021,998
Tobacco | ​ | ​ | 135,897,478 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 135,897,478
Confectionery | ​ | ​ | 44,033,179 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 44,033,179
Health food | ​ | ​ | — | ​ | ​ | 10,525,335 | ​ | ​ | — | ​ | ​ | 10,525,335
Foodservice & other | ​ | ​ | 82,795,266 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 82,795,266
Total external revenue | ​ | ​ | 700,747,921 | ​ | ​ | 10,525,335 | ​ | ​ | — | ​ | ​ | 711,273,256
Depreciation | ​ | ​ | 2,236,483 | ​ | ​ | 264,692 | ​ | ​ | — | ​ | ​ | 2,501,175
Amortization | ​ | ​ | 134,426 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 134,426
Operating income (loss) | ​ | ​ | 6,551,532 | ​ | ​ | (330,822) | ​ | ​ | (2,550,389) | ​ | ​ | 3,670,321
Interest expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,846,621 | ​ | ​ | 2,846,621
Income (loss) from operations before taxes | ​ | ​ | 6,445,335 | ​ | ​ | (307,907) | ​ | ​ | (5,397,009) | ​ | ​ | 740,419
Total assets | ​ | ​ | 386,653,248 | ​ | ​ | 16,815,247 | ​ | ​ | 1,200,775 | ​ | ​ | 404,669,270
Capital expenditures | ​ | ​ | 3,109,807 | ​ | ​ | 99,776 | ​ | ​ | — | ​ | ​ | 3,209,583
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED DECEMBER 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 395,668,708 | ​ | $ | — | ​ | $ | — | ​ | $ | 395,668,708
Tobacco | ​ | ​ | 121,351,701 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121,351,701
Confectionery | ​ | ​ | 40,043,130 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40,043,130
Health food | ​ | ​ | — | ​ | ​ | 10,689,429 | ​ | ​ | — | ​ | ​ | 10,689,429
Foodservice & other | ​ | ​ | 77,206,105 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 77,206,105
Total external revenue | ​ | ​ | 634,269,644 | ​ | ​ | 10,689,429 | ​ | ​ | — | ​ | ​ | 644,959,073
Depreciation | ​ | ​ | 1,855,746 | ​ | ​ | 228,997 | ​ | ​ | — | ​ | ​ | 2,084,743
Amortization | ​ | ​ | 134,425 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 134,425
Operating income (loss) | ​ | ​ | 6,970,125 | ​ | ​ | (16,476) | ​ | ​ | (3,130,572) | ​ | ​ | 3,823,077
Interest expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,311,513 | ​ | ​ | 2,311,513
Income (loss) from operations before taxes | ​ | ​ | 6,775,098 | ​ | ​ | 541,948 | ​ | ​ | (5,442,085) | ​ | ​ | 1,874,961
Total assets | ​ | ​ | 345,011,110 | ​ | ​ | 16,574,317 | ​ | ​ | 787,500 | ​ | ​ | 362,372,927
Capital expenditures | ​ | ​ | 2,980,331 | ​ | ​ | 299,169 | ​ | ​ | — | ​ | ​ | 3,279,500
​

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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