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13. Segment Information
 9 Months Ended
May 31, 2016
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 nine month periods ended May 31:

 

 

 

2016

 

2015

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

 

 

 

Industrial wood products

$

3,810,183

 

$

3,183,802

Lawn, garden, pet and other

 

30,313,357

 

 

24,164,127

Seed processing and sales

 

2,587,373

 

 

2,103,553

Industrial tools and clamps

 

877,441

 

 

1,303,947

 

$

37,588,354

 

$

30,755,429

 

 

 

 

 

 

Income (loss) before income taxes:

 

 

 

 

 

Industrial wood products

$

36,714

 

$

 60,543

Lawn, garden, pet and other

 

2,417,382

 

 

1,058,352

Seed processing and sales

 

(95,840)

 

 

50,753

Industrial tools and clamps

 

(83,839)

 

 

68,227

Corporate and administrative

 

359,478

 

 

560,026

 

$

2,633,895

 

$

1,797,901

 

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

 

 

Industrial wood products

$

1,074,934

 

$

1,242,471

Lawn, garden, pet and other

 

10,215,128

 

 

11,342,373

Seed processing and sales

 

364,294

 

 

552,280

Industrial tools and clamps

 

504,628

 

 

747,022

Corporate and administrative

 

8,895,151

 

 

4,762,020

 

$

21,054,135

 

$

18,616,166

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

Industrial wood products

$

573

 

$

735

Lawn, garden, pet and other

 

49,318

 

 

43,537

Seed processing and sales

 

7,943

 

 

8,209

Industrial tools and clamps

 

1,528

 

 

2,067

Corporate and administrative

 

167,599

 

 

156,346

 

$

226,961

 

$

210,894

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

Industrial wood products

$

-

 

$

-

Lawn, garden, pet and other

 

-

 

 

-

Seed processing and sales

 

-

 

 

-

Industrial tools and clamps

 

-

 

 

-

Corporate and administrative

 

79,521

 

 

85,240

 

$

79,521

 

$

85,240

 

 

 

 

 

 

Interest expense:

 

 

 

 

 

Lawn, garden, pet and other

$

658

 

$

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, 2016 and 2015:

 

 

 

2016

 

2015

 

 

 

 

Sales

$      18,108,481

 

$     13,426,962

 

 

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, 2016 and 2015:

 

 

 

2016

 

2015

 

 

 

 

 

 

United States

$

34,666,374

 

$

29,044,754

Canada

 

1,051,116

 

 

919,603

Mexico / Latin America

 

1,774,158

 

 

744,775

Middle East

 

11,686

 

 

12,164

Africa

 

-

 

 

2,960

Asia/Pacific

 

85,020

 

 

31,173

 

$

37,588,354

 

$

30,755,429

 

 

All of the Company’s significant identifiable assets were located in the United States as of May 31, 2016 and 2015.