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Note 13. Segment Information
 3 Months Ended
Nov. 30, 2012
Notes  
Note 13. Segment Information

13.          SEGMENT INFORMATION

 

The Company has four principal reportable segments. These reportable segments were determined based on the nature of the products offered.  Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. 

 

The Company evaluates performance based on several factors, of which the primary financial measure is business segment income before taxes.  The following tables show the operations of the Company's reportable segments.

 

Following is a summary of segmented information for the three month periods ended November 30:

 

 

Three months ended November 30, 2012

Three months ended November 30, 2011

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

Industrial wood products

$   2,361,471

$    1,487,774

Lawn, garden, pet and other

4,772,939

3,574,366

Seed processing and sales

1,810,645

1,687,111

Industrial tools and clamps

351,350

491,359

 

$   9,296,405

$    7,240,610

 

 

 

Income (loss) before income taxes:

 

 

Industrial wood products

$        62,545

$        (93,112)

Lawn, garden, pet and other

586,951

181,791

Seed processing and sales

109,004

97,850

Industrial tools and clamps

34,732

(12,553)

Unallocated overhead

(4,137)

(27,244)

 

$       789,095

$       146,732

 

 

 

Identifiable assets:

 

 

Industrial wood products

$    1,840,340

$    3,002,705

Lawn, garden, pet and other

16,982,560

15,907,800

Seed processing and sales

727,220

1,155,861

Industrial tools and clamps

609,409

623,310

Unallocated overhead

76,542

7,235

 

$  20,236,071

$  20,696,911

 

 

 

Depreciation and amortization:

 

 

Industrial wood products

$              403

$              403

Lawn, garden, pet and other

51,781

55,384

Seed processing and sales

3,884

4,675

Industrial tools and clamps

1,426

736

 

$         57,494

$         61,198

 

 

 

Capital expenditures:

 

 

Industrial wood products

$                  -

$                   -

Lawn, garden, pet and other

112,133

12,813

Seed processing and sales

-

-

Industrial tools and clamps

-

-

 

$      112,133

$         12,813

 

 

 

Interest expense:

 

 

Lawn, garden, pet and other

$                  -

$         16,204

 

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the three months ended November 30:

 

 

Three months ended November 30, 2012

Three months ended November 30, 2011

Sales

$   1,926,150     

$               Nil

 

The Company conducts business primarily in the United States, but also has limited amounts of sales in foreign countries. The following table lists sales by country for the quarter ended November 30:

 

 

Three months ended November 30, 2012

Three months ended November 30, 2011

 

 

 

United States

$  7,680,338

$  6,862,527

Canada

467,597

250,022

Mexico/Latin America

1,097,390

(42,442)

Europe

33,306

117,375

Asia/Pacific

17,774

53,128

Total Sales

$ 9,296,405

$ 7,240,610

 

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2012 and 2011.