Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
3 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Revenues:    
Metered water usage $ 321,573 $ 46,618
Wastewater treatment fees 9,835 10,758
Farm operations 220,269 362,663
Special facility funding recognized 10,377 10,377
Water tap fees recognized 3,574 3,574
Other 12,875 4,429
Total revenues 578,503 438,419
Expenses:    
Water service operations (102,458) (26,152)
Wastewater service operations (10,450) (3,329)
Farm operations (20,669) (19,013)
Depletion and depreciation (33,040) (22,147)
Other (13,831) (853)
Total cost of revenues (180,448) (71,494)
Gross margin 398,055 366,925
General and administrative expenses (619,924) (838,064)
Depreciation (15,488) (55,467)
Operating loss (237,357) (526,606)
Other income (expense):    
Oil and gas lease income, net 106,755 103,620
Interest income 3,041 8,921
Other 2,396 1,996
Interest expense (64,102) (26,873)
Interest imputed on the Tap Participation Fee payable to HP A&M (657,235) (894,648)
Net loss (846,502) (1,333,590)
Unrealized income on marketable securities    2,428
Comprehensive Loss $ (846,502) $ (1,331,162)
Net loss per common share - basic and diluted (in Dollars per share) $ (0.04) $ (0.06)
Weighted average common shares outstanding - basic and diluted (in Shares) 24,037,598 24,037,598