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13. Segment Information
 3 Months Ended
Nov. 30, 2015
Notes  
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:

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

 

Industrial wood products

$   1,553,523

 

$      992,682

Lawn, garden, pet and other

8,868,811

 

5,888,909

Seed processing and sales

1,221,409

 

704,894

Industrial tools and clamps

297,765

 

396,132

 

$ 11,941,508

 

$   7,982,617

 

 

 

 

Income (loss) before income taxes:

 

 

 

Industrial wood products

$        37,249

 

$        18,067

Lawn, garden, pet and other

665,399

 

164,755

Seed processing and sales

47,195

 

89,245

Industrial tools and clamps

(29,015)

 

38,618

Corporate and administrative

173,110

 

226,109

 

$      893,938

 

$      536,794

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

Industrial wood products

$    1,534,523

 

$   1,240,106

Lawn, garden, pet and other

9,975,028

 

11,591,435

Seed processing and sales

853,665

 

375,076

Industrial tools and clamps

627,344

 

686,540

Corporate and administrative

7,294,934

 

4,843,877

 

$  20,285,494

 

$  18,737,034

 

 

 

 

Depreciation and amortization:

 

 

 

Industrial wood products

$              245

 

$             245

Lawn, garden, pet and other

15,440

 

12,957

Seed processing and sales

2,666

 

2,736

Industrial tools and clamps

600

 

700

Corporate and administrative

56,562

 

52,445

 

75,513

 

$       69,083

 

 

 

 

Capital expenditures:

 

 

 

Industrial wood products

$                  -

 

$                 -

Lawn, garden, pet and other

-

 

-

Seed processing and sales

-

 

-

Industrial tools and clamps

-

 

-

Corporate and administrative

10,526

 

1,280

 

$        10,526

 

 $         1,280

 

 

 

 

Interest expense:

$               24

 

$                 -

 

 

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:

 

 

 

2015

 

2014

Sales

$   5,509,701

 

$   3,651,188

 

 

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:

 

 

 

2015

 

2014

 

 

 

 

United States

$ 10,830,787

 

$  7,608,352

Canada

164,289

 

308,453

Mexico/Latin America

916,822

 

65,812

Asia/Pacific

29,610

 

-

 

 

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2015 and 2014.