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12. Segment Information

3 Months Ended

Nov. 30, 2017

Notes

12. Segment Information

12.           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, 2017 and 2016:

	2017			2016
Sales to unaffiliated customers:
Industrial wood products	$       662,454			$       959,616
Lawn, garden, pet and other	7,984,745			8,419,027
Seed processing and sales	468,575			479,111
Industrial tools and clamps	298,196			564,050
	$    9,413,970			$  10,421,804
Income (loss) before income taxes:
Industrial wood products	$        (42,760)			$        (28,462)
Lawn, garden, pet and other	300,872			527,220
Seed processing and sales	63,462			36,811
Industrial tools and clamps	10,621			40,407
Corporate and administrative	213,245			218,349
	$       545,440			$       794,325
Identifiable assets:
Industrial wood products	$       861,542			$    1,187,525
Lawn, garden, pet and other	11,569,466			9,579,500
Seed processing and sales	351,176			452,678
Industrial tools and clamps	525,356			532,897
Corporate and administrative	9,049,072			8,345,998
	$  22,356,612			$  20,098,598
Depreciation and amortization:
Industrial wood products		$                83		$                83
Lawn, garden, pet and other		8,560		10,715
Seed processing and sales		2,450		3,174
Industrial tools and clamps		328		328
Corporate and administrative		61,244		54,340
		$         72,665		$         68,640
Capital expenditures:
Industrial wood products		$                  -		$                   -
Lawn, garden, pet and other		-		-
Seed processing and sales		-		-
Industrial tools and clamps		-		-
Corporate and administrative		61,899		225,622
		$         61,899		$       225,622
Interest expense:		$                   0		$                   0

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, 2017 and 2016:

	2017		2016
Sales	$      5,773,104		$      5,524,416

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 three months ended November 30, 2017 and 2016:

	2017		2016
United States	$    8,899,759		$    9,881,253
Canada	364,173		268,062
Europe	5,073		12,408
Mexico/Latin America	79,958		233,594
Middle East	12,209		-
Asia/Pacific	52,798		26,487

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2017 and 2016.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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