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Segment Information | 6 Months Ended
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Feb. 28, 2022
Segment Information |
16. Segment Information |
16. | Segment Information
The Company’s operations involve the development and usage, including licensing, of its proprietary DehydraTECH Technology. Lexaria is centrally managed and its chief operating decision makers, being the President and the CEO, use the consolidated and other financial information supplemented by revenue information by category of alternative health consumer products and technology licensing to make operational decisions and to assess the performance of the Company. The Company has identified two reportable segments: Intellectual Property and Products. Licensing revenues are significantly concentrated on one licensee.
Six Months Ended February 28, 2022 |  | IP Licensing $ |  |  | Products $ |  |  | Corporate $ |  |  | Consolidated Total $ |
Revenue |  |  | 16,160 |  |  |  | 17,512 |  |  |  | 10,858 |  |  |  | 44,530 |
Cost of goods sold |  |  | - |  |  |  | (11,957 | ) |  |  | - |  |  |  | (11,957 | )
Operating expenses |  |  | (1,367,712 | ) |  |  | (190,611 | ) |  |  | (1,926,406 | ) |  |  | (3,484,729 | )
Segment loss |  |  | (1,351,552 | ) |  |  | (185,056 | ) |  |  | (1,915,548 | ) |  |  | 3,452,156 | )
Total assets |  |  | 939,790 |  |  |  | 87,291 |  |  |  | 10,387,483 |  |  |  | 11,414,564 |
Six Months Ended February 28, 2021 |  | IP Licensing $ |  |  | Products $ |  |  | Corporate $ |  |  | Consolidated Total $ |
External revenue |  |  | 255,844 |  |  |  | 231,818 |  |  |  | - |  |  |  | 487,662 |
Cost of goods sold |  |  | - |  |  |  | (95,048 | ) |  |  | - |  |  |  | (95,048 | )
Operating expenses |  |  | 1,142,518 |  |  |  | (278,374 | ) |  |  | (1,551,689 | ) |  |  | (687,545 | )
Discontinued operations |  |  | (22,000 | ) |  |  | - |  |  |  | - |  |  |  | (22,000 | )
Segment income (loss) |  |  | 1,376,362 |  |  |  | (141,604 | ) |  |  | (1,551,689 | ) |  |  | (316,931 | )
Total assets |  |  | 696,493 |  |  |  | 137,282 |  |  |  | 11,338,633 |  |  |  | 12,172,408 |
Capital Asset by Region |  | Cost US |  |  | Addition US |  |  | Net Balance US |  |  | Cost Canada |  |  | Net Balance Canada |  |  | Total Net Balance |
Six Months Ended February 28, 2022 |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Leasehold Improvements |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 259,981 |  |  |  | 92,314 |  |  |  | 92,314 |
Computers |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 63,964 |  |  |  | 4,339 |  |  |  | 4,339 |
Furniture Fixtures Equipment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31,126 |  |  |  | 11,497 |  |  |  | 11,497 |
Lab Equipment |  |  | 98,050 |  |  |  | 42,375 |  |  |  | 108,144 |  |  |  | 193,185 |  |  |  | 142,517 |  |  |  | 250,661 |
|  |  | 98,050 |  |  |  | 42,375 |  |  |  | 108,144 |  |  |  | 548,256 |  |  |  | 250,667 |  |  |  | 358,811 |
Capital Asset by Region |  | Cost US |  |  | Disposal US |  |  | Net Balance US |  |  | Cost Canada |  |  | Net Balance Canada |  |  | Total Net Balance |
Year Ended August 31, 2021 |  |  | $ |  |  | $ |  |  |  | $ |  |  | $ |  |  |  | $ |  |  | $ |
Leasehold Improvements |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 259,981 |  |  |  | 119,333 |  |  |  | 119,333 |
Computers |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 63,964 |  |  |  | 12,414 |  |  |  | 12,414 |
Furniture Fixtures Equipment |  |  | 3,094 |  |  |  | (3,094 | ) |  |  | - |  |  |  | 31,126 |  |  |  | 14,706 |  |  |  | 14,706 |
Lab Equipment |  |  | 98,050 |  |  |  | - |  |  |  | 69,580 |  |  |  | 193,185 |  |  |  | 152,180 |  |  |  | 221,760 |
|  |  | 101,144 |  |  |  | (3,094 | ) |  |  | 69,580 |  |  |  | 548,256 |  |  |  | 298,633 |  |  |  | 368,213 |

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