13. Segment Information

12 Months Ended

Aug. 31, 2016

Notes

13. Segment Information

13.           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.

Following is a summary of segmented information for the years ended August 31:

	2016		2015
Sales to unaffiliated customers:
Industrial wood products		4,704,087		4,672,782
Lawn, garden, pet and other		39,286,126		32,904,189
Seed processing and sales		2,927,408		2,776,556
Industrial tools and clamps		1,193,377		1,884,624
		48,110,998		42,238,151
Income (loss) before income taxes:
Industrial wood products		(8,898)		91,552
Lawn, garden, pet and other		3,253,673		2,118,156
Seed processing and sales		(193,208)		(23,096)
Industrial tools and clamps		(100,986)		86,184
Corporate and administrative		569,312		682,780
		3,519,893		2,955,576
Identifiable assets:
Industrial wood products		787,093		1,854,307
Lawn, garden, pet and other		10,325,984		8,799,762
Seed processing and sales		359,070		878,373
Industrial tools and clamps		559,582		856,287
Corporate and administrative		7,838,043		7,269,690
		19,869,772		19,658,419
Depreciation and amortization:
Industrial wood products		655		981
Lawn, garden, pet and other		41,283		53,549
Seed processing and sales		10,783		10,899
Industrial tools and clamps		1,856		2,667
Corporate and administrative		221,691		213,666
		276,268		281,762
Capital expenditures:
Industrial wood products		-		-
Lawn, garden, pet and other		910,713		-
Seed processing and sales		15,732		-
Industrial tools and clamps		-		-
Corporate and administrative		-		293,380
		926,445		293,380
Interest expense:		-		-

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the years ended August 31:

	2016				2015
Sales	$	23,725,076	$	18,124,573

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 fiscal years ended August 31:

	2016		2015
United States	$	44,568,899	$	39,491,806
Canada		1,465,208		1,166,254
Mexico/Latin America		1,963,994		1,452,221
Europe		6,926		-
Asia/Pacific		94,285		112,746
Middle East		11,686		12,164
Africa		-		2,960
	$	48,110,998	$	42,238,151

All of the Company’s significant identifiable assets were located in the United States as of August 31, 2016 and 2015.