|
The table below present the measure of profit and assets used to assess the performance of the segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended November 30, 2022 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
794 |
|
$ |
521 |
|
$ |
25 |
|
$ |
1,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
723 |
|
|
215 |
|
|
10 |
|
|
948 |
Depreciation and depletion |
|
|
378 |
|
|
— |
|
|
— |
|
|
378 |
Total cost of revenue |
|
|
1,101 |
|
|
215 |
|
|
10 |
|
|
1,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment (loss) profit |
|
$ |
(307) |
|
$ |
306 |
|
$ |
15 |
|
$ |
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended November 30, 2021 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
1,072 |
|
$ |
3,193 |
|
$ |
8 |
|
$ |
4,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
495 |
|
|
531 |
|
|
3 |
|
|
1,029 |
Depreciation and depletion |
|
|
354 |
|
|
— |
|
|
— |
|
|
354 |
Total cost of revenue |
|
|
849 |
|
|
531 |
|
|
3 |
|
|
1,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
223 |
|
$ |
2,662 |
|
$ |
5 |
|
$ |
2,890 |
The following table summarizes the Company’s total assets by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment; land, land development costs and deposits in the Company’s land development segment; and the cost of the homes in the single-family rental line. The Company’s other assets (Corporate) primarily consist of cash, cash equivalents, restricted cash, equipment, and related party notes receivables.
|
|
|
|
|
|
|
(In thousands) |
|
November 30, 2022 |
|
August 31, 2022 |
Water and wastewater resource development |
|
$ |
62,181 |
|
$ |
63,064 |
Land development |
|
|
27,260 |
|
|
25,522 |
Single-family rental |
|
|
2,730 |
|
|
1,715 |
Corporate |
|
|
35,866 |
|
|
38,928 |
Total assets |
|
$ |
128,037 |
|
$ |
129,229 |
|