Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)

v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Revenues:    
Metered water usage $ 141,101 $ 56,780
Wastewater treatment fees 12,323 10,303
Special facility funding recognized 10,377 10,377
Water tap fees recognized 3,574 3,574
Other 31,723 44,876
Total revenues 199,098 125,910
Expenses:    
Water service operations (79,865) (67,316)
Wastewater service operations (7,576) (7,074)
Depletion and depreciation (41,805) (41,655)
Other (16,261) (15,928)
Total cost of revenues (145,507) (131,973)
Gross profit (loss) 53,591 (6,063)
General and administrative expenses (443,240) (422,356)
Depreciation (73,987) (52,916)
Operating loss (463,636) (481,335)
Other income (expense):    
Oil and gas lease income, net 5,265 161,430
Oil and gas royalty income, net 68,128 122,146
Interest income 73,566 63,821
Other (2,615) (2,663)
Net loss from continuing operations (319,292) (136,601)
(Loss) income from discontinued operations, net of tax (18,680) 39,060
Net loss (337,972) (97,541)
Unrealized holding losses (22,211) 0
Total comprehensive (loss) income $ (360,183) $ (97,541)
Net loss from continuing operations per common share - basic and diluted $ (.01) [1]
Net (loss) income from discontinuing operations per common share - basic and diluted [1]
Net loss per common share - basic and diluted $ (.01) [1]
Weighted average common shares outstanding - basic and diluted (in Shares) 23,754,098 23,912,323
[1] Amount is less than $.01 per share