Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
 12 Months Ended
Aug. 31, 2014
gal
acre
Aug. 31, 2013
gal
Aug. 31, 2012
gal
Mortgage term   5 years  
Mortgage interest rate   5.00%  
Interest imputed on the Tap Participation Fee payable to HP A&M $ 1,445,509 $ 3,275,378 $ 3,470,523
Water delivered to customers 190,100,000 69,200,000 34,200,000
Water tap fees recognized 14,294 14,294 14,296
Special facility (deferred construction) funding recognized 41,508 41,508 41,508
Interest income related to construction of Special Facilities   5,500 19,200
Number of acres for exploration and development 634    
Antidilutive securities excluded from earnings per share calculation 315,100 347,600 215,100
Interest 239,200 245,500  
Allowance for uncollectible accounts 26,300 41,100  
Stock-based compensation expense 251,915 66,812 54,588
County Tap And Construction Fee Deferred Revenue
      
Deferred revenue 313,300    
Deferred revenue recognizable 1,200,000    
Front Range Pipeline
      
Deferred revenue 9,300    
Farm Income
      
Deferred revenue 256,500 397,300  
Allowance for doubtful accounts 26,300 41,100 20,400
Oil And Gas Lease
      
Deferred revenue recognizable 1,025,500    
Lease revenue from up-front payments $ 525,400 $ 416,000 $ 423,000