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BUSINESS SEGMENT DATA
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 5
BUSINESS SEGMENT DATA
 
The Company’s operations are conducted through two business segments. These segments, and the primary operations of each, are as follows:
 
Business Segment
 
Operation
 
 
 
Fruit
 
Production of candied fruit, a basic fruitcake ingredient, sold to manufacturing bakers, institutional users, and retailers for use in home baking. Also, based on market conditions, the processing of frozen strawberry products, for sale to commercial and institutional users such as preservers, dairies, drink manufacturers, etc.
 
 
 
Molded Plastics
 
Production of plastics containers and other molded plastics for sale to various food processors and others.
 
 
 
March 31,
 
March 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Net Sales in Each Segment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
$
824,737
 
$
876,809
 
 
 
 
 
 
 
 
 
Molded Plastics:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
 
2,236,867
 
 
2,392,061
 
 
 
 
 
 
 
 
 
Net Sales
 
$
3,061,604
 
$
3,268,870
 
 
 
The Company does not account for intersegment transfers as if the transfers were to third parties.
 
The Company does not prepare operating profit or loss information on a segment basis for internal use, until the end of each year. Due to the seasonal nature of the fruit segment, management believes that it is not practical to prepare this information for interim reporting purposes. Therefore, reporting is not required by accounting principles generally accepted in the United States of America.
 
 
 
 
March 31,
 
March 31,
 
 
 
2013
 
2012
 
 
 
(Restated)
 
 
 
 
Identifiable Assets of Each Segment are Listed Below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit
 
$
11,106,540
 
$
9,739,581
 
 
 
 
 
 
 
 
 
Molded Plastics
 
 
5,605,977
 
 
5,182,183
 
 
 
 
 
 
 
 
 
Identifiable Assets
 
 
16,712,517
 
 
14,921,764
 
 
 
 
 
 
 
 
 
General Corporate Assets
 
 
6,399,818
 
 
6,983,651
 
 
 
 
 
 
 
 
 
Total Assets
 
$
23,112,335
 
$
21,905,415
 
 
Identifiable assets by segment are those assets that are principally used in the operations of each segment. General corporate assets are principally cash and land and buildings.