Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2026
May 31, 2025
Cash flows from operating activities:    
Net income $ 8,618 $ 7,002
Adjustments to reconcile net income to net cash used by operating activities:    
Trade accounts receivable (1,156) 141
Depreciation and depletion 1,747 1,677
Share-based compensation expense 428 294
Other assets and liabilities 45 (166)
Prepaid expenses 450 (251)
Accounts payable and accrued liabilities (1,025) 213
Taxes payable / receivable (843) (2,075)
Deferred revenue (602) (1,187)
Net cash (used in) provided by operating activities (1,718) 3,874
Cash flows from investing activities:    
Net purchase of property and equipment (527) (282)
Future land development activity (2,973) (1,206)
Single-family rentals activity (9,844) (59)
Water and wastewater infrastructure activity (5,816) (6,878)
Net cash used in investing activities (19,160) (8,425)
Cash flows from financing activities:    
Proceeds from notes payable 7,806  
Payments on notes payable (474) (27)
Repurchases of common stock (200) (323)
Net cash provided by (used in) financing activities 7,132 (350)
Net change in cash, cash equivalents and restricted cash (13,746) (4,901)
Cash, cash equivalents and restricted cash - beginning of period 28,379 25,358
Cash, cash equivalents and restricted cash - end of period 14,633 20,457
Cash and cash equivalents 8,440 14,392
Restricted cash 6,193 6,065
Total cash, cash equivalents and restricted cash 14,633 20,457
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 3,670 4,351
Cash paid for interest 393 309
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 147 494
Change in fixed assets included in accounts payable and accrued liabilities 632 90
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 289 (1)
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 $ (9,669) $ (1,773)