Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
 12 Months Ended
Aug. 31, 2013
gal
acre
Aug. 31, 2012
gal
Aug. 31, 2011
gal
Mar. 10, 2011
Interest paid during the period $ 123,500      
Allowance for uncollectible accounts 41,100 20,400    
Interest Expense, Other 3,275,378 3,470,523 3,847,000  
Number of water taps subject to tap participation fee 17,194      
Single family equivalent, yearly water demand 0.4      
Single family equivalent, daily wastewater flows 300      
Water delivered to customers 69,200,000 34,200,000 34,500,000  
Water tap fees recognized 14,294 14,296 14,296  
Special facility funding recognized 41,508 41,508 41,508  
Yearly construction revenue for Special Facilities at the Fairgrounds 82,200      
Yearly construction revenue for Special Facilities at the Fairgrounds, interest rate 6.00%      
Interest income related to construction of Special Facilities 5,500 19,200 22,900  
Easements granted to Front Range Pipeline 28,700      
Anadarko deferred lease revenues       1,243,400
Number of acres for exploration and development 634      
Lease revenue from up-front payments 416,000 423,000 199,000  
Share-based Compensation 66,812 54,588 94,550  
Anti-dilutive common stock options and warrants excluded from calculation of loss per common share 247,600 215,100 280,100  
Deferred Oil and Gas Tap Fees
        
Deferred Revenue 327,600      
County Tap And Construction Fee Deferred Revenue
        
Deferred Revenue 1,300,000      
Front Range Pipeline
        
Deferred Revenue 18,900      
Agricultural
        
Deferred Revenue $ 397,300