Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Revenues:    
Metered water usage $ 56,780 $ 491,823
Wastewater treatment fees 10,303 11,705
Special facility funding recognized 10,377 10,377
Water tap fees recognized 3,574 3,574
Farm operations 212,248 263,813
Other 44,876 52,485
Total revenues 338,158 833,777
Expenses:    
Water service operations (67,316) (136,807)
Wastewater service operations (7,074) (6,353)
Farm operations (15,632) (26,486)
Depletion and depreciation (41,655) (43,456)
Other (15,928) (10,073)
Total cost of revenues (147,605) (223,175)
Gross margin 190,553 610,602
General and administrative expenses (578,307) (647,529)
Depreciation (52,916) (35,409)
Operating loss (440,670) (72,336)
Other income (expense):    
Oil and gas lease income, net 161,430 161,430
Oil and gas royalty income, net 122,146 0
Interest income 63,821 3,190
Other (4,268) 6,292
Interest expense 0 (64,452)
Interest imputed on the Tap Participation Fee payable to HP A&M   (23,816)
Net (loss) income $ (97,541) $ 10,308
Net income (loss) per common share - basic and diluted [1]
Weighted average common shares outstanding - basic and diluted (in Shares) 23,912,323 24,037,598
[1] Amount is less than $.01 per share