SEGMENT INFORMATION

12 Months Ended

Aug. 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 years ended August 31:

	2024			2023
Sales to unaffiliated customers:
Industrial wood products	$	3,728,165		$	2,605,926
Pet, Fencing and Other		43,330,737			49,219,224
Seed processing and sales		86,274			2,464,153
	$	47,145,176		$	54,289,303
Income (loss) before income taxes:
Industrial wood products	$	19,563		$	(46,307	)
Pet, Fencing and Other		(146,375	)		(622,420	)
Seed processing and sales		36,310			(251,261	)
Corporate and administrative		894,325			962,459
	$	803,823		$	42,471
Identifiable assets:
Industrial wood products	$	1,069,821		$	814,059
Pet, Fencing and Other		16,286,616			23,520,055
Seed processing and sales		4,633			146,466
Corporate and administrative		10,129,444			5,318,023
	$	27,490,514		$	29,798,603
Depreciation and amortization:
Industrial wood products	$	—		$	—
Pet, Fencing and Other		73,610			66,243
Seed processing and sales		1,949			6,120
Corporate and administrative		277,307			325,559
	$	352,866		$	397,922

	2024		2023
Capital expenditures:
Industrial wood products	$	—	$	—
Pet, Fencing and Other		—		—
Seed processing and sales		—		—
Corporate and administrative		110,540		223,916
	$	110,540	$	223,916

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the years ended August 31:

		2024		2023
Sales	$	31,447,052	$	34,393,590

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 fiscal years ended August 31: 

	2024		2023
United States	$	45,206,250	$	52,732,300
Canada		1,734,200		838,824
Mexico/Latin America/Caribbean		173,317		472,931
Europe		14,000		150,083
Asia/Pacific		17,409		95,165
	$	47,145,176	$	54,289,303

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