Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Cash flows from operating activities:    
Net income $ 5,670 $ 4,746
Adjustments to reconcile net income to net cash used by operating activities:    
Trade accounts receivable (1,107) (1,925)
Depreciation and depletion 1,122 1,143
Share-based compensation expense 411 265
Other assets and liabilities (48) (38)
Prepaid expenses 367 (281)
Accounts payable and accrued liabilities (922) (802)
Taxes payable / receivable (1,628) (2,812)
Deferred revenue (540) (125)
Net cash (used in) provided by operating activities (5,187) 4,302
Cash flows from investing activities:    
Net purchase of property and equipment (453) (293)
Future land development activity (1,724) (1,094)
Single-family rentals activity (6,096) (44)
Water and wastewater infrastructure activity (4,448) (5,772)
Sale of land held for sale 72  
Net cash used in investing activities (12,649) (7,203)
Cash flows from financing activities:    
Proceeds from notes payable 1,404  
Payments on notes payable (229) (17)
Repurchases of common stock (121) (301)
Net cash provided by (used in) financing activities 1,054 (318)
Net change in cash, cash equivalents and restricted cash (16,782) (3,219)
Cash, cash equivalents and restricted cash - beginning of period 28,379 25,358
Cash, cash equivalents and restricted cash - end of period 11,597 22,139
Cash and cash equivalents 4,815 16,480
Restricted cash 6,782 5,659
Total cash, cash equivalents and restricted cash 11,597 22,139
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 3,500 4,351
Cash paid for interest 236 207
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 177 404
Change in fixed assets included in accounts payable and accrued liabilities 1,120 236
Issuance of stock for compensation 336 201
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 306 24
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 $ (8,818) $ 4,107