NOTE 10 – SIGNIFICANT CUSTOMERS

The Company has significant customers in its operations. The table below presents the percentage of total revenue for the reported customers for the six months ended February 28, 2023 and 2022. For water and wastewater customers, the Company provides services on behalf of the Rangeview District for which the significant end users include all Sky Ranch homes in the aggregate combined with the Sky Ranch CAB and two oil & gas operators. The home builders at Sky Ranch account for lot purchase revenue but also for water and wastewater tap fee revenues.

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As of February 28, 2023, 49% of the trade accounts receivable balance is owed by KB Home related to their first milestone payment for Phase 2B, and 30% is owed by the Rangeview District for tap fees, water usage and wastewater treatment fees. The entire amount owed by KB Home and the Rangeview District were remitted to the Company after February 28, 2023.