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BUSINESS SEGMENT DATA
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 4            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.
 
 
 
Three months ended
 
Three months ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
Net Sales in Each Segment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
$
390,766
 
$
357,713
 
 
 
 
 
 
 
 
 
Molded Plastics:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
 
2,324,444
 
 
2,226,808
 
 
 
 
 
 
 
 
 
Net Sales
 
$
2,715,210
 
$
2,584,521
 
 
 
 
Six months ended
 
Six months ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
Net Sales in Each Segment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
$
1,215,503
 
$
1,234,522
 
 
 
 
 
 
 
 
 
Molded Plastics:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
 
4,561,311
 
 
4,618,869
 
 
 
 
 
 
 
 
 
Net Sales
 
$
5,776,814
 
$
5,853,391
 
 
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.
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
Identifiable Assets of Each Segment are Listed Below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit
 
$
14,696,781
 
$
14,092,137
 
 
 
 
 
 
 
 
 
Molded Plastics
 
 
4,936,802
 
 
5,141,204
 
 
 
 
 
 
 
 
 
Identifiable Assets
 
 
19,633,583
 
 
19,233,341
 
 
 
 
 
 
 
 
 
General Corporate Assets
 
 
3,078,560
 
 
2,873,140
 
 
 
 
 
 
 
 
 
Total Assets
 
$
22,712,143
 
$
22,106,481
 
 
Identifiable assets by segment are those assets that are principally used in the operations of each segment.  General corporate assets are principally cash, land and buildings, and income tax assets.