Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.19.3
Segment Information
12 Months Ended
Aug. 31, 2019
Segment Reporting [Abstract]  
Segment Information
17. Segment Information

 

 

The Company’s operations involve the development and usage, including licensing, of its proprietary nutrient infusion Technology. 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 alternative health consumer products 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 Consumer Products. Licensing revenues are significantly concentrated on three licensees.

  

 

 

IP

Licensing

 

 

Consumer

Products

 

 

Corporate

 

 

Consolidated

Total

 

External Revenue

 

$ 198,000

 

 

$ 24,610

 

 

$ -

 

 

$ 222,610

 

CoGS

 

$ -

 

 

$ (22,893 )

 

$ -

 

 

$ (22,893 )

Operating Expenses

 

$ (1,211,733 )

 

$ (968,947 )

 

$ (2,177,450 )

 

$ (4,358,130 )

Segment Loss

 

$ (1,013,733 )

 

$ (967,230 )

 

$ (2,177,450 )

 

$ (4,158,413 )

Total Assets

 

$ 645,969

 

 

$ 127,396

 

 

$ 1,901,854

 

 

$ 2,675,219