Annual report [Section 13 and 15(d), not S-K Item 405]

ACCRUED LIABILITIES

v3.25.3
ACCRUED LIABILITIES
12 Months Ended
Aug. 31, 2025
ACCRUED LIABILITIES.  
ACCRUED LIABILITIES

NOTE 6 – ACCRUED LIABILITIES

At August 31, 2025 and 2024, the Company’s current accrued liabilities are:

(In thousands)

    

August 31, 2025

    

August 31, 2024

Accrued compensation

$

683

$

1,045

Other operating payables

 

607

 

147

Property taxes

742

206

Operating lease obligation, current

12

73

Professional fees

500

5

Rental deposits

38

38

Taxes Payable

1,310

1,442

Land development costs due to the Sky Ranch CAB

415

1,556

Due to Rangeview Metropolitan District

28

652

Total accrued and other liabilities

$

4,335

$

5,164

The amounts due to the Sky Ranch CAB are either included in notes receivable or land under development. The amounts recorded in land under development will be subsequently expensed through Land development construction costs. In addition, the amounts payable to the Rangeview District relate to construction costs of water infrastructure, which are included in Investments in water and water systems. The remaining items that make up accrued liabilities are generally self-explanatory.