Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Cash flows from operating activities:    
Net income $ 4,565 $ 3,937
Adjustments to reconcile net income to net cash used by operating activities:    
Trade accounts receivable (1,172) (3,521)
Depreciation and depletion 566 526
Share-based compensation expense 183 56
Other assets and liabilities (45) (18)
Prepaid expenses 590 70
Accounts payable and accrued liabilities (710) (1,177)
Taxes payable / receivable 1,465 1,270
Deferred revenue (913) (1,636)
Net cash (used in) provided by operating activities (979) 5,674
Cash flows from investing activities:    
Net purchase of property and equipment (150) (281)
Future land development activity (447) (425)
Single-family rentals activity (2,560) (19)
Water and wastewater infrastructure activity (1,577) (5,827)
Net cash used in investing activities (4,734) (6,552)
Cash flows from financing activities:    
Proceeds from notes payable 1,304  
Payments on notes payable (101) (5)
Repurchases of common stock   (108)
Net cash provided by (used in) financing activities 1,203 (113)
Net change in cash, cash equivalents and restricted cash (4,510) (991)
Cash, cash equivalents and restricted cash - beginning of period 28,379 25,358
Cash, cash equivalents and restricted cash - end of period 23,869 24,367
Cash and cash equivalents 17,135 19,031
Restricted cash 6,734 5,336
Total cash, cash equivalents and restricted cash 23,869 24,367
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 94 104
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 202 428
Change in fixed assets included in accounts payable and accrued liabilities 513 237
Issuance of stock for compensation 126 21
Related Party | Rangeview District    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other (25) (26)
Related Party | Sky Ranch CAB    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other $ (5,483) $ 6,193