BUSINESS SEGMENT DATA

9 Months Ended

Sep. 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
	September 30,		September 30,
	2013		2012
Net Sales in Each Segment
Fruit:
Sales to Unaffiliated Customers	$	7,884,362	$	8,412,222
Molded Plastics:
Sales to Unaffiliated Customers		1,653,877		1,582,643
Net Sales	$	9,538,239	$	9,994,865

	Nine months ended		Nine months ended
	September 30,		September 30,
	2013		2012
Net Sales in Each Segment
Fruit:
Sales to Unaffiliated Customers	$	9,099,865	$	9,646,744
Molded Plastics:
Sales to Unaffiliated Customers		6,215,188		6,201,512
Net Sales	$	15,315,053	$	15,848,256

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.

 

	September 30,		September 30,
	2013		2012
Identifiable Assets of Each Segment are Listed Below:
Fruit	$	19,589,588	$	19,310,400
Molded Plastics		4,404,647		4,629,462
Identifiable Assets		23,994,235		23,939,862
General Corporate Assets		2,056,397		1,681,444
Total Assets	$	26,050,632	$	25,621,306

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.