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:

        
   2025   2024 
Sales to unaffiliated customers:          
Industrial wood products  $3,802,791   $3,728,165 
Pet, Fencing and Other   37,495,349    43,330,737 
Seed processing and sales       86,274 
   $41,298,140   $47,145,176 
           
(Loss) income before income taxes:          
Industrial wood products  $(8,857)  $19,563 
Pet, Fencing and Other   (4,242,719)   (146,375)
Seed processing and sales       36,310 
Corporate and administrative   365,552    894,325 
   $(3,886,024)  $803,823 
           
Identifiable assets:          
Industrial wood products  $1,164,274   $1,069,821 
Pet, Fencing and Other   18,563,411    16,286,616 
Seed processing and sales       4,633 
Corporate and administrative   5,748,913    10,129,444 
   $25,476,598   $27,490,514 
           
Depreciation and amortization:          
Industrial wood products  $   $ 
Pet, Fencing and Other   85,726    73,610 
Seed processing and sales       1,949 
Corporate and administrative   236,805    277,307 
   $322,531   $352,866 

         
   2025   2024 
Capital expenditures:          
Industrial wood products  $   $ 
Pet, Fencing and Other        
Seed processing and sales        
Corporate and administrative   115,012    110,540 
   $115,012   $110,540 

 

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:

         
     2025    2024 
            
Sales   $30,471,713   $31,447,052 

 

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: 

        
   2025   2024 
United States  $39,704,438   $45,206,250 
Canada   1,043,245    1,734,200 
Mexico/Latin America/Caribbean   550,457    173,317 
Europe       14,000 
Asia/Pacific       17,409 
   $41,298,140   $47,145,176 

 

All of the Company’s significant identifiable assets were located in the United States as of August 31, 2025 and 2024.

 

Historical Timeline

Fiscal YearFiled
2025Dec 1, 2025Showing above
2024Nov 20, 2024
2023Nov 28, 2023
2022Nov 29, 2022
2021Nov 29, 2021
2020Nov 12, 2020
2019Nov 13, 2019
2018Nov 15, 2018
2017Nov 13, 2017
2016Nov 2, 2016
2015Nov 6, 2015

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.