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Note 11 - Geographic and Segment Information
 3 Months Ended
Nov. 30, 2014
Segment Reporting [Abstract]  
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 months ended November 30, 2014 and 2013 were as follows:

   
Three Months Ended
 
   
November 30, 2014
   
November 30, 2013
 
Inside the U.S.A. to unaffiliated customers
    67.1 %     71.1 %
Outside the U.S.A. to:
               
Joint ventures in which the Company is a shareholder directly and indirectly
    11.4       10.6  
Unaffiliated customers
    21.5       18.3  
      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 months ended November 30, 2014 and 2013 were as follows:

   
Three Months Ended
 
   
November 30,
2014
   
% of Total Fees
for Services
Provided to
Joint Ventures
   
November 30,
2013
   
% of Total Fees for
Services Provided
to Joint Ventures
 
China
  $ 516,139       24.2 %   $ 588,182       27.9 %
Germany
    238,321       11.2 %     263,555       12.5 %
Korea
    191,499       9.0 %     161,424       7.7 %
Poland
    171,223       8.0 %     164,567       7.8 %
Japan
    160,341       7.5 %     173,282       8.2 %
Thailand
    140,634       6.6 %     152,558       7.2 %
France
    133,379       6.3 %     128,103       6.1 %
United Kingdom
    96,371       4.5 %     74,697       3.5 %
Finland
    93,522       4.4 %     105,202       5.0 %
Sweden
    86,920       4.1 %     109,970       5.2 %
India
    69,291       3.2 %     —       0.0 %
Other
    236,030       11.0 %     188,108       8.9 %
    $ 2,133,670       100.0 %   $ 2,109,648       100.0 %

The following table sets forth the Company’s net sales for the three months ended November 30, 2014 and 2013 by segment:

   
Three Months Ended
 
   
November 30, 2014
   
November 30, 2013
 
ZERUST® net sales
  $ 6,238,071     $ 5,749,013  
Natur-Tec® net sales
    976,024       560,087  
Total net sales
  $ 7,214,095     $ 6,309,100  

The following table sets forth the Company’s cost of goods sold for the three months ended November 30, 2014 and 2013 by segment:

   
November 30,
2014
   
% of Product Sales*
   
November 30, 2013
   
% of Product Sales*
 
Direct cost of goods sold
                       
ZERUST®
  $ 3,338,588       53.5 %   $ 3,081,764       53.6 %
Natur-Tec®
    782,575       80.2 %     449,464       80.3 %
Indirect cost of goods sold
    685,448    
NA
      626,803    
NA
 
Total net cost of goods sold
  $ 4,806,611             $ 4,158,031          

*
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 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 key financial statement data is as follows:

   
At
November 30, 2014
   
At
August 31, 2014
 
   Brazil
  $ 1,148,099     $ 1,429,054  
   India
    357,352       363,894  
   United States
    51,542,551       52,264,827  
      Total assets
  $ 53,048,002     $ 54,057,775  

   
Three Months Ended
 
   
November 30, 2014
   
November 30, 2013
 
   Brazil
  $ 763,585     $ 602,362  
   India
    206,907       —  
   United States
    6,243,603       5,706,738  
      Total net sales
  $ 7,214,095     $ 6,309,100  

   
Three Months Ended
 
   
November 30, 2014
   
November 30, 2013
 
   Brazil
  $ (28,757 )   $ (56,809 )
   India
    (9,099 )     —  
   United States
    1,675,514       1,571,109  
      Total operating income
  $ 1,637,658     $ 1,514,300  

Total assets located in Brazil and India primarily consist of cash and cash equivalents, customer receivables and inventory.  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.