BUSINESS SEGMENT DATA

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 8: 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
Candied 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.

	YEAR ENDED		YEAR ENDED
	2018		2017
NET SALES IN EACH SEGMENT
Candied Fruit:
Sales to Unaffiliated Customers	$	14,954,061	$	16,566,096
Molded Plastics:
Sales to Unaffiliated Customers		5,180,937		4,952,396
Net Sales	$	20,134,998	$	21,518,492

	YEAR ENDED			YEAR ENDED
	2018			2017
THE OPERATING PROFIT OF EACH SEGMENT IS LISTED BELOW
Candied Fruit	$	2,869,091		$	4,148,227
Molded Plastics		396,430			247,972
Operating Profit of Segments		3,265,521			4,396,199
General Corporate Expenses, Net		(3,916,150	)		(3,905,263	)
General Corporate Depreciation and Amortization Expense		(57,460	)		(40,801	)
Other (Expense) Income		(9,435	)		8,493
(Loss) Income Before Provision for Income Taxes	$	(717,524	)	$	458,628

Operating profit is composed of net sales, less direct costs and overhead costs associated with each segment. The candied fruit segment purchases items from the molded plastics segment at cost. These transactions are then eliminated during consolidation. Due to the high degree of integration between the segments of the Company, it is not practical to allocate general corporate expenses, interest, and other income between the various segments.

	YEAR ENDED		YEAR ENDED
	2018		2017
Identifiable Assets of Each Segment are Listed Below:
Candied Fruit	$	11,224,415	$	11,078,549
Molded Plastics		3,807,342		4,231,007
Identifiable Assets		15,031,757		15,309,556
General Corporate Assets		9,751,985		10,222,173
Total Assets	$	24,783,742	$	25,531,729

Included in Identifiable Assets of the Molded Plastics Segment is goodwill totaling $413,280 at both December 31, 2018 and 2017.

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.

	YEAR ENDED		YEAR ENDED
	2018		2017
Depreciation and Amortization Expense of Each Segment are Listed Below:
Candied Fruit	$	216,210	$	216,607
Molded Plastics		154,456		157,973
Segment Depreciation and Amortization Expense		370,666		374,580
General Corporate Depreciation  and Amortization Expense		57,460		40,801
Total Depreciation and Amortization Expense	$	428,126	$	415,381

	YEAR ENDED		YEAR ENDED
	2018		2017
Capital Expenditures of Each Segment are Listed Below:
Candied Fruit	$	231,504	$	492,425
Molded Plastics		24,294		41,757
Segment Capital Expenditures		255,798		534,182
General Corporate Capital Expenditures		77,829		10,290
Total Capital Expenditures	$	333,627	$	544,472

The Company conducts operations only within the United States. Foreign sales are insignificant; primarily all sales are to domestic companies.