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BUSINESS SEGMENT DATA
3 Months Ended
Mar. 31, 2016
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.
 
 
 
March 31,
 
March 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Net Sales in Each Segment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
$
853,280
 
$
1,004,288
 
 
 
 
 
 
 
 
 
Molded Plastics:
 
 
 
 
 
 
 
Sales to Unaffiliated Customers
 
 
2,109,676
 
 
1,687,469
 
 
 
 
 
 
 
 
 
Net Sales
 
$
2,962,956
 
$
2,691,757
 
 
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,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Identifiable Assets of Each Segment are Listed Below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fruit
 
$
10,517,525
 
$
9,230,689
 
 
 
 
 
 
 
 
 
Molded Plastics
 
 
5,193,929
 
 
5,404,949
 
 
 
 
 
 
 
 
 
Identifiable Assets
 
 
15,711,454
 
 
14,635,638
 
 
 
 
 
 
 
 
 
General Corporate Assets
 
 
8,486,556
 
 
8,106,474
 
 
 
 
 
 
 
 
 
Total Assets
 
$
24,198,010
 
$
22,742,112
 
 
Identifiable assets by segment are those assets that are principally used in the operations of each segment. General corporate assets are principally cash, prepaid expenses, other current assets, land and income tax assets.