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SEGMENT INFORMATION
 6 Months Ended
Feb. 28, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

11.       SEGMENT INFORMATION

The Company has four 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: Pet, Fencing and Other; Industrial wood products; Seed processing and sales; and Corporate and administration.

Following is a summary of segmented information for the six-month periods ended February 28, 2025 and February 29, 2024.

          
   2025   2024 
         
Sales to unaffiliated customers:          
Industrial wood products  $1,953,665   $1,958,424 
Pet, fencing and other   16,368,286    16,006,937 
Seed processing and sales   —    69,672 
   $18,321,951   $18,035,033 

 

         
   2025   2024 
         
(Loss) income before income taxes:          
Industrial wood products  $(47,865)  $41,383 
Pet, fencing and other   (1,754,365)   451,102 
Seed processing and sales   —    38,392 
Corporate and administration   205,798    505,263 
   $(1,596,432)  $1,036,140 
           
Identifiable assets:          
Industrial wood products  $1,038,924   $1,122,621 
Pet, fencing and other   20,262,873    21,689,541 
Seed processing and sales   —    20,979 
Corporate and administration   6,323,598    6,155,247 
   $27,625,395   $28,988,388 
           
Capital expenditures:          
Industrial wood products  $—   $— 
Pet, fencing and other   —    — 
Seed processing and sales   —    — 
Corporate and administration   56,649    — 
   $56,649   $— 
           
Depreciation and amortization:          
Industrial wood products  $—   $— 
Pet, fencing and other   39,628    34,564 
Seed processing and sales   —    1,280 
Corporate and administration   122,667    153,099 
   $162,295   $188,943 

 

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 28, 2025 and February 29, 2024:

            
     2025    2024 
            
Sales   $13,055,014   $11,344,309 

 

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 28, 2025 and February 29, 2024:

        
   2025   2024 
         
United States  $17,376,515   $16,929,157 
Canada   576,159    1,105,876 
Mexico/Latin America/Caribbean   340,591    — 

 

All of the Company’s significant identifiable assets were located in the United States as of February 28, 2025 and February 29, 2024.