Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.21.2
Segment Information
12 Months Ended
Aug. 31, 2021
Segment Information  
15. Segment Information

15. Segment Information

 

The Company’s operations involve the development and usage, including licensing, of DehydraTECH. Lexaria is centrally managed and its chief operating decision makers, being the President and the CEO, use the consolidated and other financial information supplemented by revenue information by category of business-to-business product production and technology licensing to make operational decisions and to assess the performance of the Company. The Company has identified two reportable segments: Intellectual Property Licensing and B2B Production. Licensing revenues are significantly concentrated on three licensees.

 

For year ended August 31, 2021

 

IP Licensing

 

 

B2B Product

 

 

Corporate

 

 

Consolidated Total

 

 

 

 

 

 

 

 

 

 

External revenue

 

 

334,974

 

 

 

297,279

 

 

 

90,485

 

 

 

722,738

 

Cost of goods sold

 

 

-

 

 

 

(175,346 )

 

 

-

 

 

 

(175,346 )
Operating expenses

 

 

(1,864,527 )

 

 

(1,325,809 )

 

 

(1,521,187 )

 

 

(4,711,523 )
Segment loss

 

 

(1,529,553 )

 

 

(1,203,876 )

 

 

(1,430,702 )

 

 

(4,164,131 )
Total assets

 

 

526,486

 

 

 

62,291

 

 

 

12,678,040

 

 

 

13,266,817

 

 

For year ended August 31, 2020

 

IP Licensing

 

 

B2B Product

 

 

Corporate

 

 

Consolidated Total

 

 

 

$

 

 

 $

 

 

$

 

 

$

 

External revenue

 

 

232,909

 

 

 

151,634

 

 

 

-

 

 

 

384,543

 

Cost of goods sold

 

 

-

 

 

 

(99,378 )

 

 

-

 

 

 

(99,378 )

Operating expenses

 

 

(1,601,595 )

 

 

(1,043,956 )

 

 

(1,724,227 )

 

 

(4,369,778 )

Segment loss

 

 

(1,368,686 )

 

 

(991,700 )

 

 

(1,724,227 )

 

 

(4,084,613 )

Total assets

 

 

692,268

 

 

 

116,871

 

 

 

2,019,099

 

 

 

2,828,238

 

Capital Asset by Region

 

Cost
US

 

 

Disposal US

 

 

Net Balance
US

 

 

Cost
Canada

 

 

Net Balance Canada

 

 

Net Balance Total

 

Year Ended August 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Leasehold Improvements

 

 

-

 

 

 

-

 

 

 

-

 

 

 

259,981

 

 

 

119,333

 

 

 

119,333

 

Computers

 

 

-

 

 

 

-

 

 

 

-

 

 

 

63,964

 

 

 

12,414

 

 

 

12,414

 

Furniture Fixtures Equipment

 

 

3,094

 

 

 

3,904 )

 

 

-

 

 

 

31,126

 

 

 

14,706

 

 

 

14,706

 

Lab Equipment

 

 

98,050

 

 

 

-

 

 

 

69,580

 

 

 

193,185

 

 

 

152,180

 

 

 

221,760

 

 

 

 

101,144

 

 

 

(3,904 )

 

 

85,264

 

 

 

548,256

 

 

 

398,094

 

 

 

368,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended August 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasehold Improvements

 

 

-

 

 

 

-

 

 

 

-

 

 

 

259,981

 

 

 

173,371

 

 

 

173,371

 

Computers

 

 

-

 

 

 

-

 

 

 

-

 

 

 

63,964

 

 

 

32,905

 

 

 

32,905

 

Furniture Fixtures Equipment

 

 

3,094

 

 

 

-

 

 

 

-

 

 

 

31,126

 

 

 

21,123

 

 

 

21,123

 

Lab Equipment

 

 

98,050

 

 

 

-

 

 

 

85,426

 

 

 

193,185

 

 

 

171,505

 

 

 

256,769

 

 

 

 

101,144

 

 

 

-

 

 

 

85,426

 

 

 

548,256

 

 

 

398,094

 

 

 

483,358