| Segment Reporting |
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|
Three Months Ended February 29, 2024 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
1,816 |
|
$ |
1,256 |
|
$ |
125 |
|
$ |
3,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
778 |
|
|
249 |
|
|
33 |
|
|
1,060 |
Depreciation and depletion |
|
|
360 |
|
|
— |
|
|
— |
|
|
360 |
Total cost of revenue |
|
|
1,138 |
|
|
249 |
|
|
33 |
|
|
1,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
678 |
|
$ |
1,007 |
|
$ |
92 |
|
$ |
1,777 |
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|
|
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|
|
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|
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|
|
Three Months Ended February 28, 2023 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
1,454 |
|
$ |
1,514 |
|
$ |
31 |
|
$ |
2,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
659 |
|
|
271 |
|
|
19 |
|
|
949 |
Depreciation and depletion |
|
|
461 |
|
|
— |
|
|
— |
|
|
461 |
Total cost of revenue |
|
|
1,120 |
|
|
271 |
|
|
19 |
|
|
1,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
334 |
|
$ |
1,243 |
|
$ |
12 |
|
$ |
1,589 |
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|
|
|
|
|
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|
|
|
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|
Six Months Ended February 29, 2024 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
5,097 |
|
$ |
3,252 |
|
$ |
234 |
|
$ |
8,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
1,636 |
|
|
1,016 |
|
|
90 |
|
|
2,742 |
Depreciation and depletion |
|
|
722 |
|
|
— |
|
|
— |
|
|
722 |
Total cost of revenue |
|
|
2,358 |
|
|
1,016 |
|
|
90 |
|
|
3,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment (loss) profit |
|
$ |
2,739 |
|
$ |
2,236 |
|
$ |
144 |
|
$ |
5,119 |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
Six Months Ended February 28, 2023 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
2,248 |
|
$ |
2,035 |
|
$ |
56 |
|
$ |
4,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
1,382 |
|
|
486 |
|
|
29 |
|
|
1,897 |
Depreciation and depletion |
|
|
839 |
|
|
— |
|
|
— |
|
|
839 |
Total cost of revenue |
|
|
2,221 |
|
|
486 |
|
|
29 |
|
|
2,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
27 |
|
$ |
1,549 |
|
$ |
27 |
|
$ |
1,603 |
|
|
|
|
|
|
|
(In thousands) |
|
February 29, 2024 |
|
August 31, 2023 |
Water and wastewater resource development |
|
$ |
64,168 |
|
$ |
63,129 |
Land development |
|
|
10,520 |
|
|
7,710 |
Single-family rental |
|
|
5,224 |
|
|
5,128 |
Corporate |
|
|
55,314 |
|
|
57,249 |
Total assets |
|
$ |
135,226 |
|
$ |
133,216 |
|