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SEGMENT INFORMATION
 12 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION

11.       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:

           
   2023   2022 
Sales to unaffiliated customers:          
Industrial wood products  $2,605,926   $2,626,209 
Pet, Fencing and Other   49,219,224    57,915,828 
Seed processing and sales   2,464,153    2,359,794 
   $54,289,303   $62,901,831 
           
Income (loss) before income taxes:          
Industrial wood products  $(46,307)  $21,865 
Pet, Fencing and Other   (622,420)   1,257,449 
Seed processing and sales   (251,261)   (517,453)
Corporate and administrative   962,459    819,139 
   $42,471   $1,581,000 
           
Identifiable assets:          
Industrial wood products  $814,059   $1,012,019 
Pet, Fencing and Other   23,520,055    27,152,959 
Seed processing and sales   146,466    471,003 
Corporate and administrative   5,318,023    5,880,755 
   $29,798,603   $34,516,736 
           
Depreciation and amortization:          
Industrial wood products  $—     $—   
Pet, Fencing and Other   66,243    39,200 
Seed processing and sales   6,120    6,347 
Corporate and administrative   325,559    274,070 
   $397,922   $319,617 
           
Capital expenditures:          
Industrial wood products  $—     $—   
Pet, Fencing and Other   —      —   
Seed processing and sales   —      —   
Corporate and administrative   223,916    1,259,429 
   $223,916   $1,259,429 

 

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:

           
    2023   2022 
            
Sales   $34,393,590   $33,010,410 

 

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: 

          
   2023   2022 
United States  $52,732,300   $60,521,611 
Canada   838,824    1,151,901 
Mexico/Latin America/Caribbean   472,931    900,941 
Europe   150,083    94,630 
Asia/Pacific   95,165    232,748 
Total sales by country  $54,289,303   $62,901,831 

All of the Company’s significant identifiable assets were located in the United States as of August 31, 2023 and 2022.