13. Segment Information

12 Months Ended

Aug. 31, 2017

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:

	2017			2016
Sales to unaffiliated customers:
Industrial wood products	$	3,804,672	$		4,704,087
Lawn, garden, pet and other		39,273,206			39,286,126
Seed processing and sales		3,108,454			2,927,408
Industrial tools and clamps		1,514,724			1,193,377
	$	47,701,056	$		48,110,998
Income (loss) before income taxes:
Industrial wood products	$	(175,504)	$		(8,898)
Lawn, garden, pet and other		3,548,177			3,253,673
Seed processing and sales		(23,809)			(193,208)
Industrial tools and clamps		85,501			(100,986)
Corporate and administrative		1,030,886			569,312
	$	4,465,251	$		3,519,893
Identifiable assets:
Industrial wood products	$	1,153,802	$		787,093
Lawn, garden, pet and other		10,706,686			10,325,984
Seed processing and sales		296,579			359,070
Industrial tools and clamps		535,093			559,582
Corporate and administrative		9,488,875			7,838,043
		22,181,035			19,869,772
Depreciation and amortization:
Industrial wood products	$	330	$		655
Lawn, garden, pet and other		26,920			41,283
Seed processing and sales		12,978			10,783
Industrial tools and clamps		1,314			1,856
Corporate and administrative		233,672			221,691
		275,214	$		276,268
Capital expenditures:
Industrial wood products	$	-	$		-
Lawn, garden, pet and other		-			910,713
Seed processing and sales		12,495			15,732
Industrial tools and clamps		-			-
Corporate and administrative		461,864			-
	$	474,359	$		926,445
Interest expense:	$	-	$		(27)

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:

	2017			2016
Sales	$	23,442,308	$	23,725,076

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:

	2017		2016
United States	$	44,740,560	$	44,568,899
Canada		1,727,758		1,465,208
Mexico/Latin America		843,667		1,963,994
Europe		68,752		6,926
Asia/Pacific		320,319		94,285
Middle East		-		11,686
	$	47,701,056	$	48,110,998

All of the Company’s significant identifiable assets were located in the United States as of August 31, 2017 and 2016.