Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2025
May 31, 2024
Cash flows from operating activities:    
Net income $ 7,002 $ 5,008
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and depletion 1,677 1,579
Trade accounts receivable 141 (1,211)
Accounts payable and accrued liabilities 213 1,353
Other assets and liabilities (166) 315
Share-based compensation expense 294 380
Deferred income taxes   (122)
Prepaid expenses (251) (234)
Land under development (10,161) (6,550)
Taxes payable / receivable (2,075) 1,934
Net cash provided by (used in) operating activities 3,799 (793)
Cash flows from investing activities:    
Net Purchase of property and equipment (282) (409)
Investments in future development phases at Sky Ranch (1,206) (1,994)
Construction costs of single-family rentals (59) (291)
Investments in water, water systems and land (6,878) (1,226)
Payments on note receivable - related party, other 75 100
Purchase of held-to-maturity investments in U.S. Treasury Bills   (171)
Net cash used in investing activities (8,350) (3,991)
Cash flows from financing activities:    
Payments on notes payable (27) (23)
Repurchases of common shares (323) (439)
Net cash used in financing activities (350) (462)
Net change in cash, cash equivalents and restricted cash (4,901) (5,246)
Cash, cash equivalents and restricted cash - beginning of period 25,358 28,487
Cash, cash equivalents and restricted cash - end of period 20,457 23,241
Cash and cash equivalents 14,392 20,360
Restricted cash 6,065 2,881
Total cash, cash equivalents and restricted cash 20,457 23,241
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 4,351 65
Cash paid for interest 309 312
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 494 205
Change in investments in water and water systems included in accounts payable and accrued liabilities 90 84
Issuance of shares for compensation 201 211
Water and Wastewater Resource Development Segment    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred revenue 2 (56)
Land Development Segment    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred revenue (1,189) (113)
Related Party | Sky Ranch CAB    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other 8,388 (2,986)
Related Party | Rangeview District    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other $ (76) $ (90)