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13. Segment Information
 3 Months Ended
Nov. 30, 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 three month periods ended November 30:

 

 

 

2016

 

2015

 

 

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

 

Industrial wood products

$       959,616

 

$    1,553,523

Lawn, garden, pet and other

8,419,027

 

8,868,811

Seed processing and sales

479,111

 

1,221,409

Industrial tools and clamps

564,050

 

297,765

 

$  10,421,804

 

$  11,941,508

 

 

 

 

Income (loss) before income taxes:

 

 

 

Industrial wood products

$        (28,462)

 

$         37,249

Lawn, garden, pet and other

527,220

 

665,399

Seed processing and sales

36,811

 

47,195

Industrial tools and clamps

40,407

 

(29,015)

Corporate and administrative

218,349

 

173,110

 

$       794,325

 

$       893,938

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

Industrial wood products

$  1,187,525

 

$    1,534,523

Lawn, garden, pet and other

9,579,500

 

9,975,028

Seed processing and sales

452,678

 

853,665

Industrial tools and clamps

532,897

 

627,344

Corporate and administrative

8,345,998

 

7,294,934

 

$  20,098,598

 

$  20,285,494

 

 

 

 

Depreciation and amortization:

 

 

 

Industrial wood products

$                83

 

$              245

Lawn, garden, pet and other

10,715

 

15,440

Seed processing and sales

3,174

 

2,666

Industrial tools and clamps

328

 

600

Corporate and administrative

54,340

 

56,562

 

$  68,640

 

$         75,513

 

 

 

 

Capital expenditures:

 

 

 

Industrial wood products

$                  -

 

$                  -

Lawn, garden, pet and other

-

 

-

Seed processing and sales

-

 

-

Industrial tools and clamps

-

 

-

Corporate and administrative

225,622

 

10,526

 

$      225,622

 

$        10,526

 

 

 

 

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:

 

 

 

2016

 

2015

 

 

 

 

Sales

$   5,524,416

 

$    5,509,701

 

 

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:

 

 

 

2016

 

2015

 

 

 

 

United States

$  9,881,253

 

$  10,830,787

Canada

268,062

 

164,289

Europe

12,408

 

-

Mexico/Latin America

233,594

 

916,822

Asia/Pacific

26,487

 

29,610

 

 

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2016 and 2015.