Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Cash flows from operating activities:    
Net loss $ (1,992,133) $ (2,725,334)
Adjustments to reconcile net loss to net cash used for operating activities:    
Imputed interest on Tap Participation Fee payable to HP A&M 1,544,755 1,713,800
Depreciation, depletion and other non-cash items 156,070 155,210
Interest accrued on agriculture land promissory notes 102,389  
Stock-based compensation expense 23,050 40,115
Changes in operating assets and liabilities:    
Trade accounts receivable (168,560) 52,337
Prepaid expenses (31,405) 28,732
HP A&M Receivable (313,597)  
Accounts payable and accrued liabilities 116,720 (54,966)
Deferred revenues (32,692)  
Deferred income- oil & gas lease (207,240) (235,141)
Net cash used by operating activities (816,792) (1,041,342)
Cash flows from investing activities:    
Sales and maturities of marketable securities 1,039,311 2,316,749
Purchase of marketable securities   (1,234,244)
Investments in water, water systems, and land (120,293) (53,715)
Proceeds from sale of collateral stock 3,415,000  
Net cash provided by investing activities 4,334,018 1,028,790
Cash flows from financing activities:    
Arapahoe County construction proceeds 41,098 34,249
Payments to contingent liability holders (9,811) (3,100)
Payments made on promissory notes payable (806,097)  
Net cash (used in) provided by financing activities (774,810) 31,149
Net change in cash and cash equivalents 2,742,416 18,597
Cash and cash equivalents – beginning of period 1,623,517 71,795
Cash and cash equivalents – end of period 4,365,933 90,392
Rangeview Metropolitan District [Member]
    
Adjustments to reconcile net loss to net cash used for operating activities:    
Interest (5,970) (6,003)
Construction Proceeds Receivable [Member]
    
Adjustments to reconcile net loss to net cash used for operating activities:    
Interest $ (8,179) $ (10,092)