SEGMENT INFORMATION

9 Months Ended

May 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

11. SEGMENT INFORMATION

The Company has three principal reportable segments. These reportable segments were determined based on the nature of the products offered. Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

The Company evaluates performance based on several factors, of which the primary financial measure is business segment income before taxes. The following tables show the operations of the Company's reportable segments.

Following is a summary of segmented information for the nine-month periods ended May 31, 2024 and 2023.

	2024		2023
Sales to unaffiliated customers:
Industrial wood products	$	2,883,190	$	1,928,765
Lawn, garden, pet and other		30,964,142		36,029,439
Seed processing and sales		83,718		1,708,454
	$	33,931,050	$	39,666,658
Income (loss) before income taxes:
Industrial wood products	$	41,146	$	(80,007	)
Lawn, garden, pet and other		384,102		(594,192	)
Seed processing and sales		32,242		(58,048	)
Corporate and administrative		634,258		412,396
	$	1,091,748	$	(319,851	)
Identifiable assets:
Industrial wood products	$	1,245,424	$	875,392
Lawn, garden, pet and other		20,452,800		27,060,918
Seed processing and sales		12,503		740,455
Corporate and administrative		6,617,076		8,240,749
	$	28,327,803	$	36,917,514
Depreciation and amortization:
Industrial wood products	$	—	$	—
Lawn, garden, pet and other		51,274		48,643
Seed processing and sales		1,615		4,893
Corporate and administrative		215,460		246,041
	$	268,349	$	299,577

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the nine months ended May 31, 2024 and 2023:

	2024		2023
Sales	$	22,653,269	$	24,245,936

The Company conducts business primarily in the United States, but also has limited amounts of sales in foreign countries. The following table lists sales by country for the nine months ended May 31, 2024 and 2023:

	2024		2023
United States	$	32,444,176	$	38,289,020
Canada		1,384,964		645,172
Mexico / Latin America / Caribbean		70,501		487,218
Europe		14,000		150,084
Middle East		17,409		—
Asia/Pacific		—		95,164

All of the Company’s significant identifiable assets were located in the United States as of May 31, 2024 and 2023.