v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2021
Aug. 31, 2020
Current assets:    
Cash, cash equivalents and restricted cash $ 20,763 $ 21,797
Trade accounts receivable, net 1,385 1,124
Prepaid expenses and other assets 445 1,001
Income taxes receivable 0 1,588
Total current assets 23,059 25,991
Investments in water and water systems, net 54,737 55,087
Land and mineral interests 5,055 4,915
Other assets 2,440 2,042
Long-term land investment 451 451
Operating leases - right of use assets, less current portion 159 196
Total assets 108,526 89,761
Current liabilities:    
Accounts payable 137 180
Accrued liabilities 563 1,391
Accrued liabilities - related parties 374 1,212
Income taxes payable 4,267 0
Deferred lot sale revenues 995 1,635
Deferred oil and gas lease payment and water sales payment 191 1,800
Total current liabilities 6,527 6,218
Deferred oil and gas lease payment and water sales payment, less current portion 69 165
Participating interests in export water supply 326 328
Deferred tax liability 957 886
OperatingLeaseLiabilityNoncurrent 79 120
Total liabilities 7,958 7,717
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Preferred stock, Series B - par value $0.001 per share, 25 million shares authorized; 432,513 shares issued and outstanding (liquidation preference of $432,513) 0 0
Common stock, Par value 1/3 of $.01 per share, 40 million shares authorized; 23,888,375 and 23,856,098 shares outstanding, respectively 80 80
Additional paid-in capital 173,254 172,927
Accumulated deficit (72,766) (90,963)
Total shareholders' equity 100,568 82,044
Total liabilities and shareholders' equity 108,526 89,761
Land Development - Phase 1 [Member]    
Current assets:    
Land development inventories 0 481
Land Development - Phase 2 [Member]    
Current assets:    
Land development inventories 151 0
Public Improvements Reimbursables - Phase 2 [Member]    
Current assets:    
Land development inventories 315 0
Public Improvements Reimbursables - Phase 1 [Member]    
Current assets:    
Notes receivable - related parties, including accrued interest 21,466 0
Other [Member]    
Current assets:    
Notes receivable - related parties, including accrued interest $ 1,159 $ 1,079

Source