12. Segment Information

3 Months Ended

Nov. 30, 2021

Notes

12. Segment Information

12.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, 2021 and 2020.

	2021			2020
Sales to unaffiliated customers:
Industrial wood products	$	534,112		$	724,752
Lawn, garden, pet and other		11,845,883			8,929,636
Seed processing and sales		537,729			661,896
	$	12,917,724		$	10,316,284
Income (loss) before income taxes:
Industrial wood products	$	69,950		$	(15,224)
Lawn, garden, pet and other		(699,697)			520,208
Seed processing and sales		(101,350)			49,490
Corporate and administrative		246,640			72,309
	$	(484,457)		$	626,783
Identifiable assets:
Industrial wood products	$	548,697		$	701,391
Lawn, garden, pet and other		23,762,100			12,969,525
Seed processing and sales		658,972			759,267
Corporate and administrative		5,863,363			8,963,533
	$	30,846,045		$	23,393,716
Depreciation and amortization:
Industrial wood products	$	-		$	-
Lawn, garden, pet and other		10,676			9,294
Seed processing and sales		1,587			1,587
Corporate and administrative		57,375			39,648
	$	69,638		$	50,529
Capital expenditures:
Industrial wood products	$		-	$		-
Lawn, garden, pet and other			-			-
Seed processing and sales			-			-
Industrial tools and clamps			-			-
Corporate and administrative			590,375			184,247
	$		590,375	$		184,247
Interest expense:	$		20,276	$		-

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, 2021 and 2020:

	2021		2020
Sales	$	6,393,994	$	4,898,298

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, 2021 and 2020:

	2021		2020
United States	$	12,089,619	$	10,091,527
Canada		305,205		202,611
Europe		1,950		11,058
Mexico/Latin America/Caribbean		283,187		4,633
Asia/Pacific		237,763		6,455

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2021 and 2020.