12. Segment Information

9 Months Ended

May 31, 2019

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 nine month periods ended May 31, 2019 and 2018:

	2019		2018

Sales to unaffiliated customers:
Industrial wood products	$	2,993,653	$	2,510,763
Lawn, garden, pet and other		28,435,820		37,514,801
Seed processing and sales		1,551,427		1,911,588
Industrial tools and clamps		634,616		752,865
	$	33,615,516	$	42,690,017

Income (loss) before income taxes:
Industrial wood products	$	53,624	$	(30,241)
Lawn, garden, pet and other		1,300,444		2,556,910
Seed processing and sales		(121,164)		84,474
Industrial tools and clamps		(20,604)		(9,833)
Corporate and administrative		969,706		687,698
	$	2,182,006	$	3,289,008

Identifiable assets:
Industrial wood products	$	1,149,255	$	684,944
Lawn, garden, pet and other		13,703,422		13,977,679
Seed processing and sales		469,466		376,440
Industrial tools and clamps		450,888		460,438
Corporate and administrative		6,682,067		9,552,222
	$	22,455,098	$	25,051,723

Depreciation and amortization:
Industrial wood products	$	-	$	193
Lawn, garden, pet and other		16,585		58,108
Seed processing and sales		6,134		5,751
Industrial tools and clamps		367		848
Corporate and administrative		120,327		202,070
	$	143,413	$	266,970

Capital expenditures:
Industrial wood products	$	-	$	-
Lawn, garden, pet and other		-		-
Seed processing and sales		-		18,547
Industrial tools and clamps		-		-
Corporate and administrative		8,112		80,890
	$	8,112	$	99,437

Interest expense:	$	-	$	-

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, 2019 and 2018:

	2019		2018

Sales	$	15,042,055	$	23,678,847

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, 2019 and 2018:

	2019		2018

United States	$	32,343,957	$	41,148,757
Canada		979,510		1,139,399
Mexico / Latin America / Caribbean		176,858		192,539
Middle East		-		12,209
Europe		36,138		27,095
Asia/Pacific		79,053		170,018

All of the Company’s significant identifiable assets were located in the United States as of May 31, 2019 and 2018.