Quarterly report pursuant to Section 13 or 15(d)

PRESENTATION OF INTERIM INFORMATION (Details Narrative)

v2.4.0.8
PRESENTATION OF INTERIM INFORMATION (Details Narrative) (USD $)
 3 Months Ended 6 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Feb. 28, 2014
Feb. 28, 2013
Apr. 11, 2014
Aug. 31, 2013
Aug. 31, 2011
acre
Mortgage term     5 years        
Mortgage interest rate 5.00%   5.00%        
Number of water taps subject to tap participation fee 7,126   7,126   4,265 17,194  
Interest imputed on the Tap Participation Fee payable to HP A&M $ 403,003 $ 650,107 $ 1,060,238 $ 1,544,755      
Water tap fees recognized 3,573 3,574 7,147 7,147      
Special facility (deferred construction) funding recognized 10,377 10,377 20,754 20,754      
Allowance for doubtful accounts 41,100   41,100     41,100  
Royalty revenue 106,800 103,600 213,500 207,200      
Deferred lease revenue 1,243,400   1,243,400       1,243,400
Number of acres for exploration and development             634
Antidilutive securities excluded from earnings per share calculation     380,100 247,600      
County Tap And Construction Fee Deferred Revenue
              
Deferred revenue 1,264,900   1,264,900     1,297,600  
Remaining First Priority Payout
              
Deferred revenue 7,100,000   7,100,000        
Farm Income
              
Deferred revenue           122,000  
Deferred O And G and Rangeview Lease Revenue
              
Deferred revenue $ 1,265,400   $ 1,265,400     $ 431,800