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Note 11 - Geographic and Segment Information
 6 Months Ended
Feb. 29, 2012
Segment Reporting Disclosure [Text Block]
11.        GEOGRAPHIC AND SEGMENT INFORMATION

Net sales by geographic location as a percentage of total consolidated net sales for the three and six months ended February 29, 2012 and February 28, 2011 were as follows:

   
Three Months Ended
   
Six Months Ended
 
   
February 29,
2012
   
February 28,
2011
   
February 29,
2012
   
February 28,
2011
 
Inside the U.S.A. to unaffiliated customers
    58.9 %     56.2 %     63.3 %     61.3 %
Outside the U.S.A to:
                               
Joint ventures in which the Company is a shareholder directly and indirectly
    11.9 %     15.4 %     13.7 %     15.9 %
Unaffiliated customers
    29.2 %     28.4 %     23.0 %     22.8 %
      100.0 %     100.0 %     100.0 %     100.0 %

Net sales by geographic location are based on the location of the customer.

Fees for services provided to joint ventures by geographic location as a percentage of total fees for services provided to joint ventures during the three and six months ended February 29, 2012 and February 28, 2011 were as follows:

   
Three Months Ended
 
   
February 29,
2012
   
% of Total Fees
for Services
Provided to
Joint Ventures
   
February 28,
2011
   
% of Total Fees for
Services Provided
to Joint Ventures
 
Germany
  $ 251,387       19.4 %   $ 264,476       18.9 %
Japan
    214,984       16.6 %     233,170       16.6 %
India
    163,689       12.6 %     161,158       11.5 %
Sweden
    148,277       11.4 %     150,000       10.7 %
France
    127,004       9.8 %     159,107       11.3 %
Finland
    118,911       9.2 %     122,565       8.7 %
United Kingdom
    80,639       6.2 %     76,702       5.5 %
Other
    193,235       14.8 %     234,971       16.8 %
    $ 1,298,126       100.0 %   $ 1,402,149       100.0 %

   
Six Months Ended
 
   
February 29,
2012
   
% of Total Fees
for Services
Provided to Joint
Ventures
   
February 28,
2011
   
% of Total Fees
for Services
Provided to Joint
Ventures
 
Japan
  $ 503,522       18.4 %   $ 509,170       17.8 %
Germany
    500,833       18.3 %     521,753       18.3 %
Sweden
    304,934       11.1 %     294,111       10.3 %
India
    299,844       10.9 %     361,869       12.7 %
France
    268,643       9.8 %     323,590       11.3 %
Finland
    251,407       9.2 %     266,776       9.3 %
United Kingdom
    160,138       5.8 %     159,344       5.6 %
Other
    454,057       16.5 %     417,316       14.7 %
    $ 2,743,378       100.0 %   $ 2,853,929       100.0 %

The following table sets forth the Company’s net sales for the three and six months ended February 29, 2012 and February 28, 2011 by segment:

   
Three Months Ended
   
Six Months Ended
 
   
February 29,
2012
   
February 28,
2011
   
February 29,
2012
   
February 28,
2011
 
ZERUST® sales
  $ 4,570,779     $ 4,576,313     $ 9,023,425     $ 8,451,741  
Natur-Tec™ sales
    403,549       201,805       783,017       424,818  
    $ 4,974,328     $ 4,778,118     $ 9,806,442     $ 8,876,559  

The following table sets forth the Company’s cost of goods sold for the three and six months ended February 29, 2012 and February 28, 2011 by segment:

   
Three Months Ended
   
Six Months Ended
 
   
February 29,
2012
   
% of
Product
Sales*
   
February 28,
2011
   
% of
Product
Sales*
   
February 29,
2012
   
% of
Product
Sales*
   
February 28,
2011
   
% of
Product
Sales*
 
Direct cost of goods sold
                                               
ZERUST®
  $ 2,569,588       56.2 %   $ 2,382,989       52.1 %   $ 5,027,387       55.7 %   $ 4,529,828       53.6 %
Natur-Tec™
    361,704       89.6 %     176,805       87.6 %     658,265       84.1 %     357,435       84.1 %
Indirect cost of goods sold
    548,790       —       446,438       —       1,003,906       —       809,674       —  
    $ 3,480,082             $ 3,006,232             $ 6,689,558             $ 5,696,937          

* The percent of segment sales is calculated by dividing the direct cost of goods sold for each individual segment category by the net sales for each segment category.

The Company’s management utilizes product net sales and direct and indirect cost of goods sold for each product in reviewing the financial performance of a product type.  Further allocation of Company expenses or assets, aside from amounts presented in the tables above, is not utilized in evaluating product performance, nor does such allocation occur for internal financial reporting.

Sales to the Company’s joint ventures are included in the foregoing geographic and segment information, however, sales by the Company’s joint ventures to other parties are not included.  The foregoing geographic and segment information represents only sales and cost of goods sold recognized directly by the Company.

The geographical distribution of long-lived assets is set forth as follows:

   
February 29, 2012
   
August 31, 2011
 
United States
  $ 3,406,106     $ 3,499,518  
Brazil
    138,043       136,817  
Consolidated
  $ 3,544,149     $ 3,636,335  

Long-lived assets consist primarily of property and equipment. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted sales exceeds the carrying value of the assets.