Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v2.4.1.9
SEGMENT INFORMATION
 3 Months Ended
Nov. 30, 2014
Segment Information  
SEGMENT INFORMATION

 

The Company operates primarily in two lines of business: (i) the wholesale water and wastewater business; and (ii) the agricultural farming business. The Company provides wholesale water and wastewater services to customers using water rights owned by the Company and develops infrastructure to divert, treat and distribute that water and collect, treat and reuse wastewater. The Company’s agricultural business consists of the Company leasing its Arkansas River Valley land and water to area farmers under cash leases or in certain cases crop share leases. The following tables show information by operating segment for the three months ended November 30, 2014 and 2013:

 

 

Three Months Ended November 30, 2014  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 503,500     $ 263,800     $ 66,500     $ 833,800  
 Gross profit     316,900       237,300       56,400       610,600  
 Depreciation     78,900       -       -       78,900  
 Other significant noncash items:                                
           Stock-based compensation     -       -       68,800       68,800  
            TPF interest expense     23,800       -       -       23,800  
 Segment assets     98,358,500       7,561,200       2,152,300       108,072,000  
 Expenditures for segment assets     1,151,400       2,900       -       1,154,300  

 

Three Months ended November 30, 2013  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 344,300     $ 220,300     $ 13,900     $ 578,500  
 Gross profit     185,500       199,600       13,000       398,100  
 Depletion and depreciation     48,500       -       -       48,500  
 Other significant noncash items:                                
           Stock-based compensation     -       -       54,800       54,800  
            TPF interest expense     657,200       -       -       657,200  
 Segment assets     94,272,800       6,670,600       7,345,500       108,288,900  
 Expenditures for segment assets     397,300       -       -       397,300