Quarterly report pursuant to Section 13 or 15(d)

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

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Revenues:    
Metered water usage $ 922,573 $ 141,101
Wastewater treatment fees 11,189 12,323
Special facility funding recognized 0 10,377
Water tap fees recognized 49,948 3,574
Other 26,422 31,723
Total revenues 1,010,132 199,098
Expenses:    
Water service operations (351,816) (79,865)
Wastewater service operations (5,987) (7,576)
Depletion and depreciation (55,945) (41,805)
Other (16,451) (16,261)
Total cost of revenues (430,199) (145,507)
Gross profit 579,933 53,591
General and administrative expenses (660,983) (443,240)
Depreciation (119,040) (73,987)
Operating loss (200,090) (463,636)
Other income (expense):    
Oil and gas lease income, net 9,289 5,265
Oil and gas royalty income, net 41,762 68,128
Interest income 54,462 73,566
Other (2,615) (2,615)
Net loss from continuing operations (97,192) (319,292)
Income (loss) from discontinued operations, net of taxes 581 (18,680)
Net loss (96,611) (337,972)
Unrealized holding gains (losses) 19,622 (22,211)
Total comprehensive loss $ (76,989) $ (360,183)
Basic and diluted net income (loss) per common share – Loss from continuing operations [1] $ (0.01)
Basic and diluted net income (loss) per common share – Income (loss) from discontinued operations [1]
Basic and diluted net income (loss) per common share – Net loss [1] $ (0.01)
Weighted average common shares outstanding–basic and diluted 23,754,098 23,754,098
[1] Amount is less than $.01 per share