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SEGMENT INFORMATION
 9 Months Ended
May 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 nine-month periods ended May 31, 2023 and 2022.

           
   2023   2022 
         
Sales to unaffiliated customers:          
Industrial wood products  $1,928,765   $1,690,262 
Lawn, garden, pet and other   36,029,439    43,978,959 
Seed processing and sales   1,708,454    2,231,444 
   $39,666,658   $47,900,665 
           
Income (loss) before income taxes:          
Industrial wood products  $(80,007)  $8,823 
Lawn, garden, pet and other   (594,192)   1,499,053 
Seed processing and sales   (58,048)   (238,387)
Corporate and administrative   412,396    586,749 
   $(319,851)  $1,856,238 
           
Identifiable assets:          
Industrial wood products  $875,392   $669,301 
Lawn, garden, pet and other   27,060,918    28,754,441 
Seed processing and sales   740,455    474,038 
Corporate and administrative   8,240,749    7,356,579 
   $36,917,514   $37,254,359 
           
Depreciation and amortization:          
Industrial wood products  $—     $—   
Lawn, garden, pet and other   48,643    29,385 
Seed processing and sales   4,893    4,761 
Corporate and administrative   246,041    202,855 
   $299,577   $237,001 
           
Capital expenditures:          
Industrial wood products  $—     $—   
Lawn, garden, pet and other   —      —   
Seed processing and sales   —      —   
Corporate and administrative   318,185    1,011,359 
   $318,185   $1,011,359 

 

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, 2023 and 2022:

         
    2023   2022 
             
 Sales   $24,245,936   $25,309,216 

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, 2023 and 2022:

        
   2023   2022 
         
United States  $38,289,020   $45,945,594 
Canada   645,172    879,929 
Mexico / Latin America / Caribbean   487,218    766,147 
Europe   150,084    76,247 
Asia/Pacific   95,164    232,748 

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