14. Segment Information

3 Months Ended

Nov. 30, 2014

Notes

14. Segment Information

14.          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.

Effective September 1, 2013, the Company reorganized certain of its subsidiaries. The majority of fixed and intangible assets, and certain Corporate and administrative functions which were formerly contained within the “Lawn, garden, pet and other” reporting segment are now classified as “Corporate and administrative.”

Following is a summary of segmented information for the three month periods ended November 30:

	2014	2013
Sales to unaffiliated customers:
Industrial wood products	$      992,682	$   1,457,246
Lawn, garden, pet and other	5,888,909	5,443,943
Seed processing and sales	704,894	740,742
Industrial tools and clamps	396,132	364,350
	$   7,982,617	$   8,006,281
Income (loss) before income taxes:
Industrial wood products	$        18,067	$       (11,424)
Lawn, garden, pet and other	164,755	258,917
Seed processing and sales	89,245	73,648
Industrial tools and clamps	38,618	37,264
Corporate and administrative	226,109	196,289
	$      536,794	$       554,694
Identifiable assets:
Industrial wood products	$   1,240,106	$    1,440,281
Lawn, garden, pet and other	11,591,435	8,929,943
Seed processing and sales	375,076	196,819
Industrial tools and clamps	686,540	616,992
Corporate and administrative	4,843,877	11,049,258
	$  18,737,034	$  22,233,293
Depreciation and amortization:
Industrial wood products	$             245	$              245
Lawn, garden, pet and other	12,957	10,101
Seed processing and sales	2,736	3,450
Industrial tools and clamps	700	1,904
Corporate and administrative	52,445	54,319
	$        69,083	$        70,019
Capital expenditures:
Industrial wood products	$                 -	$                  -
Lawn, garden, pet and other	-	-
Seed processing and sales	-	-
Industrial tools and clamps	-	-
Corporate and administrative	1,280	57,918
	$         1,280	$        57,918
Interest expense:
Lawn, garden, pet and other	$                 -	$                  -

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:

	2014	2013
Sales	$   3,651,188	$   3,314,699

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 quarter ended November 30:

	2014	2013
United States	$  7,608,352	$  7,399,773
Canada	308,453	137,935
Mexico/Latin America	65,812	379,032
Europe	-	89,541

All of the Company’s significant identifiable assets were located in the United States as of November 30, 2014 and 2013.