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Note 7 - Significant Customer
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6 Months Ended |
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Feb. 29, 2012
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| Notes To Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
NOTE
7 SIGNIFICANT CUSTOMER
The
Company sells wholesale water and wastewater services to the
District pursuant to the Rangeview Water Agreements (defined in
Note 4 to the 2011 Annual Report). Sales to the
District accounted for 93% and 94% of the Companys total
water and wastewater revenues for the three months ended February
29, 2012 and February 28, 2011, respectively. Sales to
the District accounted for 91% and 94% of the Companys
total water and wastewater revenues for the six months ended
February 29, 2012 and February 28, 2011,
respectively. The District had one significant
customer, the Ridgeview Youth Services
Center. Pursuant to the Rangeview Water Agreements the
Company is providing water and wastewater services to this
customer on behalf of the District. The
Districts significant customer accounted for 80% and 83% of
the Companys total water and wastewater revenues for the
three months ended February 29, 2012 and February 28, 2011,
respectively. The Districts significant customer
accounted for 71% and 82% of the Companys total water and
wastewater revenues for the six months ended February 29, 2012
and February 28, 2011, respectively.
The
Company had accounts receivable from the District which accounted
for 95% and 87% of the Companys trade receivables balances
at February 29, 2012 and August 31, 2011,
respectively. Accounts receivable from the
Districts largest customer accounted for 84% and 74% of the
Companys trade receivables as of February 29, 2012 and
August 31, 2011, respectively.
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