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SEGMENT INFORMATION | 12 Months Ended
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Aug. 31, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION |
| 12. | SEGMENT INFORMATION
The Company has three 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 years ended August 31:
Schedule of Segment Reporting Information |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |
Sales to unaffiliated customers: |  |  |  |  |  |  |  |
Industrial wood products |  | $ | 2,626,209 |  |  | $ | 2,597,276 |
Pet, Fencing and Other |  |  | 57,915,828 |  |  |  | 51,732,129 |
Seed processing and sales |  |  | 2,359,794 |  |  |  | 3,172,138 |
|  | $ | 62,901,831 |  |  | $ | 57,501,543 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |
Industrial wood products |  | $ | 21,865 |  |  | $ | (144,313 | )
Pet, Fencing and Other |  |  | 1,257,449 |  |  |  | 4,052,624 |
Seed processing and sales |  |  | (517,453 | ) |  |  | (64,538 | )
Corporate and administrative |  |  | 819,139 |  |  |  | 580,435 |
|  | $ | 1,581,000 |  |  | $ | 4,424,208 |
|  | 2022 |  |  | 2021 |
Identifiable assets: |  |  |  |  |  |  |  |
Industrial wood products |  | $ | 1,012,019 |  |  | $ | 754,357 |
Pet, Fencing and Other |  |  | 27,152,959 |  |  |  | 22,658,829 |
Seed processing and sales |  |  | 471,003 |  |  |  | 223,443 |
Corporate and administrative |  |  | 5,880,755 |  |  |  | 5,501,770 |
|  | $ | 34,516,736 |  |  | $ | 29,138,399 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Industrial wood products |  | $ | — |  |  | $ | — |
Pet, Fencing and Other |  |  | 39,200 |  |  |  | 39,313 |
Seed processing and sales |  |  | 6,347 |  |  |  | 6,347 |
Corporate and administrative |  |  | 274,070 |  |  |  | 198,619 |
|  | $ | 319,617 |  |  | $ | 244,279 |
Capital expenditures: |  |  |  |  |  |  |  |
Industrial wood products |  | $ | — |  |  | $ | — |
Pet, Fencing and Other |  |  | — |  |  |  | — |
Seed processing and sales |  |  | — |  |  |  | — |
Corporate and administrative |  |  | 1,259,429 |  |  |  | 1,193,494 |
|  | $ | 1,259,429 |  |  | $ | 1,193,494 |
Interest expense: |  | $ | 163,045 |  |  | $ | 15,321 |
The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the years ended August 31:
Sales in excess of ten percent of total sales |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |
Sales |  | $ | 33,010,410 |  |  | $ | 29,806,021 |
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 fiscal years ended August 31:
Schedule of sales by country |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |
United States |  | $ | 60,521,611 |  |  | $ | 55,280,479 |
Canada |  |  | 1,151,901 |  |  |  | 1,556,359 |
Mexico/Latin America/Caribbean |  |  | 900,941 |  |  |  | 325,648 |
Europe |  |  | 94,630 |  |  |  | 171,254 |
Asia/Pacific |  |  | 232,748 |  |  |  | 167,803 |
Total sales by country |  | $ | 62,901,831 |  |  | $ | 57,501,543 |
All of the Company’s significant identifiable assets were located in the United States as of August 31, 2022 and 2021.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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