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SEGMENT INFORMATION
 6 Months Ended
Feb. 29, 2024
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 six-month periods ended February 29, 2024 and February 28, 2023.

        
   2024   2023 
         
Sales to unaffiliated customers:          
Industrial wood products  $1,958,424   $939,600 
Lawn, garden, pet and other   16,006,937    18,871,381 
Seed processing and sales   69,672    909,940 
   $18,035,033   $20,720,921 
           
Income (loss) before income taxes:          
Industrial wood products  $41,383   $(105,466)
Lawn, garden, pet and other   451,102    (1,572,114)
Seed processing and sales   38,392    (11,329)
Corporate and administrative   505,263    270,944 
   $1,036,140   $(1,417,965)
           
Identifiable assets:          
Industrial wood products  $1,122,621   $827,085 
Lawn, garden, pet and other   21,689,541    25,781,691 
Seed processing and sales   20,979    856,663 
Corporate and administrative   6,155,247    6,508,391 
   $28,988,388   $33,973,830 
Capital expenditures:          
Industrial wood products  $—     $—   
Lawn, garden, pet and other   —      —   
Seed processing and sales   —      —   
Corporate and administrative   —      301,681 
   $—     $301,681 

 

   2024   2023 
         
Depreciation and amortization:          
Industrial wood products  $—     $—   
Lawn, garden, pet and other   34,564    30,281 
Seed processing and sales   1,280    3,262 
Corporate and administrative   153,099    166,072 
   $188,943   $199,615 

 

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 29, 2024 and February 28, 2023:

         
    2024   2023 
             
 Sales   $11,344,309   $12,630,634 

 

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 29, 2024 and February 28, 2023:

          
   2024   2023 
         
United States  $16,929,157   $19,929,828 
Canada   1,105,876    354,185 
Europe   —      40,525 
Mexico/Latin America/Caribbean   —      301,615 
Asia/Pacific   —      94,768 

All of the Company’s significant identifiable assets were located in the United States as of February 29, 2024 and February 28, 2023.