7. SIGNIFICANT CUSTOMERS |
3 Months Ended |
|---|---|
Nov. 30, 2015 | |
| Significant Customers | |
| SIGNIFICANT CUSTOMERS |
The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements (defined in Note 4 Water and Land Assets to the 2015 Annual Report). Sales to the District accounted for 70% and 9% of the Company's total water and wastewater revenues for the three months ended November 30, 2015 and 2014, respectively. The District has one significant customer. Pursuant to the Rangeview Water Agreements, the Company is providing water and wastewater services to this customer on behalf of the District. The District's significant customer accounted for 61% and 7% of the Company's total water and wastewater revenues for the three months ended November 30, 2015 and 2014, respectively.
Revenues related to the provision of water for the oil and gas industry to one customer accounted for 88% of the Company's water and wastewater revenues for the three months ended November 30, 2014. The Company had no revenues related to the provision of water for the oil and gas industry for the three months ended November 30, 2015
The Company had accounts receivable from the District which accounted for 9% and 11% of the Company's trade receivables balances at November 30, 2015 and August 31, 2015, respectively. Accounts receivable from the District's largest customer accounted for 8% and 10% of the Company's trade receivables as of November 30, 2015 and August 31, 2015, respectively. |