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SEGMENT INFORMATION
 3 Months Ended
Nov. 30, 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 three-month periods ended November 30, 2024 and 2023 

        
   2024   2023 
         
Sales to unaffiliated customers:          
Industrial wood products  $842,033   $1,134,351 
Lawn, garden, pet and other   8,424,968    8,622,972 
Seed processing and sales   —    48,518 
   $9,267,001   $9,805,841 
           
Income (loss) before income taxes:          
Industrial wood products  $(23,830)  $61,617 
Lawn, garden, pet and other   (920,237)   1,385,659 
Seed processing and sales   —    33,043 
Corporate and administrative   108,720    263,257 
   $(835,347)  $1,743,576 
           
Identifiable assets:          
Industrial wood products  $1,327,943   $985,386 
Lawn, garden, pet and other   16,682,685    20,359,711 
Seed processing and sales   —    37,629 
Corporate and administrative   8,734,584    8,555,243 
   $26,745,212   $29,937,969 

 

         
   2024   2023 
         
Depreciation and amortization:          
Industrial wood products  $—   $— 
Lawn, garden, pet and other   19,125    17,452 
Seed processing and sales   —    870 
Corporate and administrative   61,941    79,581 
   $81,066   $97,903 

 

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the three months ended November 30, 2024 and 2023: 

         
     2024    2023 
            
Sales   $6,875,719   $6,125,113 

 

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 three months ended November 30, 2024 and 2023:

        
   2024   2023 
         
United States  $8,929,258   $9,132,072 
Canada   197,110    673,769 
Mexico/Latin America/Caribbean   140,633    — 

 

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2024 and 2023.