The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements (defined in Note 4 – Water Assets to the 2013 Annual Report). Sales to the District accounted for 12% and 36% of the Company’s total water and wastewater revenues for the three months ended May 31, 2014 and 2013, respectively. Sales to the District accounted for 11% and 41% of the Company’s total water and wastewater revenues for the nine months ended May 31, 2014 and 2013, respectively. The District has one significant customer. Pursuant to the Rangeview Water Agreements the Company is providing water and wastewater services to this customer on behalf of the District. The District’s significant customer accounted for 10% and 31% of the Company’s total water and wastewater revenues for the three months ended May 31, 2014 and 2013, respectively. The District’s significant customer accounted for 9% and 35% of the Company’s total water and wastewater revenues for the nine months ended May 31, 2014 and 2013, respectively.

Revenues related to the provision of water for the oil and gas industry to one customer accounted for 84% and 49% of the Company’s water and wastewater revenues for the three months ended May 31, 2014 and 2013, respectively. Revenues related to the provision of water for the oil and gas industry one customer accounted for 86% and 50% of the Company’s water and wastewater revenues for the nine months ended May 31, 2014 and 2013, respectively.

The Company had accounts receivable from the District which accounted for 11% and 14% of the Company’s trade receivables balances at May 31, 2014 and August 31, 2013, respectively. Accounts receivable from the District’s largest customer accounted for 9% and 12% of the Company’s trade receivables as of May 31, 2014 and August 31, 2013, respectively. Accounts receivable from industrial water sales accounted for 26% and 27% of the Company’s trade receivable balances at May 31, 2014 and August 31, 2013.