Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v2.4.0.8
SEGMENT INFORMATION
 3 Months Ended
Nov. 30, 2013
Segment Information  
SEGMENT INFORMATION

NOTE 10 – SEGMENT INFORMATION

  

The Company operates primarily in two lines of business: (i) the wholesale water and wastewater business; and (ii) the agricultural farming business. The Company provides wholesale water and wastewater services to customers using water rights owned by the Company and develops infrastructure to divert, treat and distribute that water and collect, treat and reuse wastewater. The Company’s agricultural business consists of the Company leasing its Arkansas River Valley land and water to area farmers under cash leases or in certain cases crop share leases. The following tables show information by operating segment for the three months ended November 30, 2013 and 2012:

 

for the three months ended November 30, 2013
 
  Business segments      
  Wholesale            
  water and            
  wastewater   Agricultural   All Other   Total
 Revenues   $ 344,300     $ 220,300     $ 13,900     $ 578,500  
 Gross profit     217,600       199,600       13,900       431,100  
 Depletion and depreciation     48,500       —         —         48,500  
 Other significant noncash items:                                
           Stock-based compensation     —         —         54,800       54,800  
            TPF interest expense     657,200       —         —         657,200  
 Segment assets     94,272,800       6,670,600       7,345,500       108,288,900  
 Expenditures for segment assets     397,300       —         —         397,300  

 

 

for the three months ended November 30, 2012
 
 
  Business segments      
  Wholesale            
  water and            
  wastewater   Agricultural   All Other    Total
 Revenues   $ 57,400     $ 362,700     $ 18,300     $ 438,400  
 Gross profit     4,900       343,700       18,300       366,900  
 Depletion and depreciation     77,600       —         —         77,600  
 Other significant noncash items:                                
           Stock-based compensation     —         —         10,600       10,600  
            TPF interest expense     894,600       —         —         894,600  
 Segment assets     96,195,400       3,586,900       11,091,300       110,873,600  
 Expenditures for segment assets     108,200       —         —         108,200  

  

 

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