Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Cash flows from operating activities:    
Net loss $ (96,611) $ (337,972)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and depletion 174,914 115,668
Equity loss in Well Enhancement Recovery Systems, LLC 2,616 2,612
Share-based compensation expense 80,193 42,795
Interest income and other non-cash items 19,517 (22,316)
Interest added to receivable from related parties (7,058) (12,476)
Changes in operating assets and liabilities:    
Trade accounts receivable (781,217) (18,401)
Prepaid expenses 117,380 (28,354)
Notes receivable - related parties (37,950) (4,999)
Accounts payable and accrued liabilities (330,261) (9,723)
Income taxes 0 0
Deferred revenues 0 (13,951)
Deferred oil & gas lease payment 157,910 (6,000)
Net cash used in operating activities from continuing operations (700,567) (293,117)
Net cash provided by operating activities from discontinued operations 8,553 34,581
Net cash used in operating activities (692,014) (258,536)
Cash flows from investing activities:    
Sale of short-term investments 0 1,424,473
Purchase of short-term investments (885,586) 0
Investments in water, water systems, and land (482,082) (265,371)
Purchase of property and equipment (26,336) (15,342)
Net cash provided by (used in) investing activities (1,394,004) 1,143,760
Cash flows from financing activities:    
Proceeds from note receivable 215,504 0
Payments to contingent liability holders (952) (1,543)
Net cash provided by (used in) financing activities 214,552 (1,543)
Net change in cash and cash equivalents (1,871,466) 883,681
Cash and cash equivalents - beginning of period 5,575,823 4,697,288
Cash and cash equivalents - end of period $ 3,704,357 $ 5,580,969