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14. Segment Information
 9 Months Ended
May. 31, 2015
Notes  
14. Segment Information

14.          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.

 

Effective September 1, 2013, the Company reorganized certain of its subsidiaries. The majority of fixed and intangible assets, and certain Corporate and administrative functions which were formerly contained within the “Lawn, garden, pet and other” reporting segment are now classified as “Corporate and administrative.”

 

Following is a summary of segmented information for the nine month periods ended May 31:

 

 

 

2015

 

2014

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

 

 

 

Industrial wood products

$

3,183,802

 

$

4,439,588

Lawn, garden, pet and other

 

24,164,127

 

 

25,472,054

Seed processing and sales

 

2,103,553

 

 

2,045,763

Industrial tools and clamps

 

1,303,947

 

 

1,117,095

 

$

30,755,429

 

$

33,074,500

 

 

 

 

 

 

Income (loss) before income taxes:

 

 

 

 

 

Industrial wood products

$

60,543

 

$

(41,110)

Lawn, garden, pet and other

 

1,058,352

 

 

1,863,335

Seed processing and sales

 

50,753

 

 

48,170

Industrial tools and clamps

 

68,227

 

 

63,137

Corporate and administrative

 

560,026

 

 

595,863

 

$

1,797,901

 

$

2,529,395

Identifiable assets:

 

 

 

 

 

Industrial wood products

$

1,242,471

 

$

1,056,139

Lawn, garden, pet and other

 

11,342,373

 

 

11,037,069

Seed processing and sales

 

552,280

 

 

435,798

Industrial tools and clamps

 

747,022

 

 

715,657

Corporate and administrative

 

4,762,020

 

 

7,315,043

 

$

18,616,166

 

$

20,559,706

Depreciation and amortization:

 

 

 

 

 

Industrial wood products

$

735

 

$

735

Lawn, garden, pet and other

 

43,537

 

 

36,507

Seed processing and sales

 

8,209

 

 

9,565

Industrial tools and clamps

 

2,067

 

 

3,628

Corporate and administrative

 

156,346

 

 

162,259

 

$

210,894

 

$

212,694

Capital expenditures:

 

 

 

 

 

Industrial wood products

$

-

 

$

-

Lawn, garden, pet and other

 

-

 

 

-

Seed processing and sales

 

-

 

 

-

Industrial tools and clamps

 

-

 

 

1,300

Corporate and administrative

 

85,240

 

 

92,974

 

$

85,240

 

$

94,274

Interest expense:

 

 

 

 

 

Lawn, garden, pet and other

$

658

 

$

-

 

 

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the nine months ended May 31, 2015 and 2014:

 

 

 

2015

 

2014

 

 

 

 

 

 

Sales

$

13,426,962

 

$

16,443,767

 

 

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 nine months ended May 31, 2015 and 2014:

 

 

 

2015

 

2014

 

 

 

 

 

 

United States

$

29,044,754

 

$

30,761,104

Canada

 

919,603

 

 

686,530

Mexico / Latin America

 

744,775

 

 

1,318,436

Europe

 

-

 

 

183,753

Middle East

 

12,164

 

 

-

Africa

 

2,960

 

 

-

Asia/Pacific

 

31,173

 

 

124,677

 

$

30,755,429

 

$

33,074,500

 

 

All of the Company’s significant identifiable assets were located in the United States as of May 31, 2015 and 2014.