Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

v3.3.0.814
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
 12 Months Ended
Aug. 31, 2015
USD ($)
shares
gal
Aug. 31, 2014
USD ($)
a
shares
gal
Aug. 31, 2013
USD ($)
shares
gal
Mortgage term     5 years
Interest imputed on the Tap Participation Fee payable to HP A&M $ 23,816 $ 1,445,509 $ 3,275,378
Water delivered to customers | gal 97,500,000 190,100,000 69,200,000
Water tap fees recognized $ 14,294 $ 14,294 $ 14,294
Special facility (deferred construction) funding recognized $ 41,508 $ 41,508 41,508
Interest income related to construction of Special Facilities     $ 5,500
Number of acres for exploration and development | a   634  
Antidilutive securities excluded from earnings per share calculation | shares 312,100 315,100 347,600
Interest     $ 245,500
Allowance for uncollectible accounts $ 26,300 $ 26,300  
Stock-based compensation expense 239,986 251,915 66,812
Farm Income      
Deferred revenue 361,400 256,500 397,300
Allowance for doubtful accounts   26,300 41,100
Oil And Gas Lease      
Deferred revenue recognizable 379,800    
Lease revenue from up-front payments $ 645,700 $ 525,400 $ 416,000