v3.25.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2025
Feb. 29, 2024
Revenues:        
Total revenues $ 3,995 $ 3,197 $ 9,747 $ 8,583
Cost of revenues:        
Depletion and depreciation 468 360 839 722
Other 130 86 455 232
Total cost of revenues 2,468 1,420 4,554 3,464
General and administrative expenses 2,705 1,997 4,497 3,435
Depreciation 149 148 304 296
Operating income (loss) (1,327) (368) 392 1,388
Other income (expense):        
Interest income - Investments 217 286 465 594
Oil and gas royalty income, net 1,910 53 4,717 87
Oil and gas lease income, net   20   38
Interest expense, net (109) (111) (218) (219)
Income from operations before income taxes 1,076 159 6,284 2,961
Income tax expense (267) (41) (1,538) (778)
Net income $ 809 $ 118 $ 4,746 $ 2,183
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.03 $ 0 $ 0.2 $ 0.09
Diluted (in dollars per share) $ 0.03 $ 0 $ 0.2 $ 0.09
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,083,718 24,086,826 24,077,780 24,084,773
Weighted average common shares outstanding, Diluted (in shares) 24,196,178 24,149,195 24,177,677 24,149,524
Related Party        
Other income (expense):        
Other, net $ 322 $ 215 $ 806 $ 939
Nonrelated Party        
Other income (expense):        
Other, net 63 64 122 134
Water service operations        
Cost of revenues:        
Expenses 402 511 885 1,064
Metered Water Usage - Municipal Customers        
Revenues:        
Total revenues 129 111 359 313
Metered Water Usage-Commercial Customers        
Revenues:        
Total revenues 161 1,481 1,175 3,613
Wastewater service operations        
Cost of revenues:        
Expenses 226 181 405 340
Wastewater treatment fees        
Revenues:        
Total revenues 93 87 182 173
Water and wastewater tap fees        
Revenues:        
Total revenues 2,126   3,592 581
Lot sales        
Revenues:        
Total revenues 1,136 1,215 3,455 3,111
Land development construction costs        
Cost of revenues:        
Expenses 1,048 81 1,623 769
Project management costs        
Cost of revenues:        
Expenses 169 168 254 247
Project management fees        
Revenues:        
Total revenues 116 41 369 141
Single-family rentals        
Revenues:        
Total revenues 118 125 242 234
Cost of revenues:        
Expenses 25 33 93 90
Special facility projects and other        
Revenues:        
Total revenues $ 116 $ 137 $ 373 $ 417

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