v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2022
Aug. 31, 2021
Current assets:    
Cash and cash equivalents $ 34,894 $ 20,117
Trade accounts receivable, net 2,425 1,532
Prepaid expenses and other assets 467 458
Land under development   608
Notes receivable - related party, reimbursable public improvements   16,000
Total current assets 37,786 38,715
Restricted cash 2,328 2,327
Investments in water and water systems, net 58,763 53,786
Construction in progress 1,224 3,304
Single-family rental units 975  
Land and mineral rights:    
Held for development 6,773 5,924
Held for investment purposes 451 451
Other assets 2,463 2,591
Operating leases - right of use assets, less current portion 138 122
Total assets 129,229 117,177
Current liabilities:    
Accounts payable 849 1,787
Accrued liabilities 2,029 1,224
Accrued liabilities - related parties 560 2,881
Income taxes payable 2,530 4,163
Deferred lot sale revenues 4,275 1,995
Deferred water sales revenues 570 410
Debt, current portion 10  
Total current liabilities 10,823 12,460
Participating interests in export water supply 323 325
Debt, less current portion 3,950  
Deferred tax liability, net 1,075 1,615
Lease obligations - operating leases, less current portion 62 37
Total liabilities 16,233 14,437
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Series B preferred shares par value $0.001 per share, 25 million authorized; 432,513 issued and outstanding (liquidation preference of $432,513)
Common shares par value 1/3 of $.01 per share, 40.0 million authorized; 23,980,645 and 23,916,633 outstanding, respectively 80 80
Additional paid-in capital 174,150 173,513
Accumulated deficit (61,234) (70,853)
Total shareholders' equity 112,996 102,740
Total liabilities and shareholders' equity 129,229 117,177
Reimbursable public improvements [Member]    
Current assets:    
Notes receivable - related parties, including accrued interest: 17,208 8,794
Other [Member]    
Current assets:    
Notes receivable - related parties, including accrued interest: $ 1,120 $ 1,163

Source