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12. Segment Information

6 Months Ended

Feb. 28, 2018

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 as at and for the six month periods ended February 28, 2018 and 2017:

	2018		2017
Sales to unaffiliated customers:
Industrial wood products	$     1,515,375		$      1,697,032
Lawn, garden, pet and other	19,323,517		15,585,202
Seed processing and sales	1,393,443		1,638,954
Industrial tools and clamps	522,973		999,901
	$   22,755,308		$    19,921,089
Income (loss) before income taxes:
Industrial wood products	$         (47,183)		$          (63,876)
Lawn, garden, pet and other	849,782		893,787
Seed processing and sales	90,495		84,030
Industrial tools and clamps	(3,778)		65,911
Corporate and administrative	382,691		364,314
	$     1,272,007		$      1,344,166
Identifiable assets:
Industrial wood products	$        878,842		$         912,060
Lawn, garden, pet and other	13,969,856		11,390,537
Seed processing and sales	415,032		505,684
Industrial tools and clamps	498,865		671,308
Corporate and administrative	6,878,023		6,219,299
	$   22,640,618		$    19,698,888
Depreciation and amortization:
Industrial wood products	$               165		$                165
Lawn, garden, pet and other	29,421		18,275
Seed processing and sales	3,883		6,482
Industrial tools and clamps	657		657
Corporate and administrative	161,284		112,428
	$        195,410		$         138,007
Capital expenditures:
Industrial wood products	$                    -		$                     -
Lawn, garden, pet and other	-		-
Seed processing and sales	-		-
Industrial tools and clamps	-		-
Corporate and administrative	66,041		335,014
	$          66,041		$         335,014
Interest expense:	$                   3		$                     -

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the six months ended February 28, 2018 and 2017:

	2018		2017
Sales	$   14,152,519		$     9,159,127

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 six months ended February 28, 2018 and 2017:

	2018		2017
United States	$   21,679,684		$   18,635,193
Canada	759,136		866,057
Mexico/Latin America	159,436		362,556
Europe	38,993		12,408
Europe	118,059		44,875

All of the Company’s significant identifiable assets were located in the United States as of February 28, 2018 and 2017.

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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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