9. SEGMENT AND GEOGRAPHIC REPORTING

3 Months Ended

Nov. 30, 2019

Segments, Geographical Areas [Abstract]

SEGMENT AND GEOGRAPHIC REPORTING

NOTE 9: SEGMENT AND Geographic Reporting

We account for segments and geographic revenues in accordance with guidance issued by the FASB. Our reportable segments are strategic business units that offer different products and services.

Results for each segment and consolidated results are as follows for the three ended November 30, 2019 and 2018 (in thousands, because of rounding numbers may not foot):

November 30, 2019
	Lancaster		Buffalo		North Carolina		Eliminations			Total
Net revenues	$	4,927	$	2,387	$	2,087	$	–		$	9,401
Income (loss) from operations	$	1,903	$	40	$	775	$	–		$	2,718
Total assets	$	40,655	$	10,659	$	14,148	$	(17,702	)	$	47,763
Capital expenditures	$	8	$	17	$	3	$	–		$	28
Capitalized software costs	$	457	$	20	$	30	$	–		$	507
Depreciation and amortization	$	435	$	86	$	150	$	–		$	671

November 30, 2018
	Lancaster		Buffalo		North Carolina		Eliminations			Total
Net revenues	$	4,365	$	2,065	$	1,106	$	–		$	7,536
Income (loss) from operations	$	1,607	$	304	$	175	$	–		$	2,086
Total assets	$	36,889	$	8,635	$	14,126	$	(17,702	)	$	41,948
Capital expenditures	$	1	$	–	$	–	$	–		$	1
Capitalized software costs	$	290	$	30	$	45	$	–		$	365
Depreciation and amortization	$	462	$	91	$	142	$	–		$	695

In addition, the Company allocates revenues to geographic areas based on the locations of its customers. Geographical revenues for the three months ended November 30, 2019 and 2018 were as follows (in thousands, because of rounding numbers may not foot):

	North & South America		Europe		Asia		Total
Lancaster	$	2,547	$	1,147	$	1,233	$	4,927
Buffalo		2,387		–		–		2,387
North Carolina		1,737		325		25		2,087
Total	$	6,562	$	1,472	$	1,258	$	9,401

	North & South America		Europe		Asia		Total
Lancaster	$	2,112	$	947	$	1,306	$	4,365
Buffalo		2,065		–		–		2,065
North Carolina		745		51		310		1,106
Total	$	4,912	$	998	$	1,616	$	7,536