CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
May 31, 2017 |
May 31, 2016 |
May 31, 2017 |
May 31, 2016 |
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| Revenues: | ||||||
| Metered water usage | $ 47,695 | $ 35,659 | $ 379,462 | $ 119,832 | ||
| Wastewater treatment fees | 6,967 | 10,537 | 30,516 | 31,540 | ||
| Special facility funding recognized | 10,377 | 10,377 | 31,131 | 31,131 | ||
| Water tap fees recognized | 46,978 | 3,574 | 54,125 | 10,721 | ||
| Other | 21,991 | 40,705 | 74,952 | 109,980 | ||
| Total revenues | 134,008 | 100,852 | 570,186 | 303,204 | ||
| Expenses: | ||||||
| Water service operations | (76,878) | (65,184) | (234,444) | (190,976) | ||
| Wastewater service operations | (7,509) | (7,286) | (22,478) | (20,555) | ||
| Depletion and depreciation | (69,013) | (41,604) | (178,394) | (124,834) | ||
| Other | (13,649) | (20,763) | (45,921) | (51,373) | ||
| Total cost of revenues | (167,049) | (134,837) | (481,237) | (387,738) | ||
| Gross (loss) profit | (33,041) | (33,985) | 88,949 | (84,534) | ||
| General and administrative expenses | (518,625) | (431,737) | (1,411,410) | (1,294,585) | ||
| Depreciation | (79,388) | (67,172) | (227,643) | (182,999) | ||
| Operating loss | (631,054) | (532,894) | (1,550,104) | (1,562,118) | ||
| Other income (expense): | ||||||
| Oil and gas lease income, net | 6,000 | 31,905 | 17,265 | 354,765 | ||
| Oil and gas royalty income, net | 24,935 | 76,400 | 164,338 | 271,002 | ||
| Interest income | 59,578 | 66,253 | 199,242 | 175,356 | ||
| Other | (2,600) | (2,671) | (7,814) | (8,004) | ||
| Net loss from continuing operations | (543,141) | (361,007) | (1,177,073) | (768,999) | ||
| Loss from discontinued operations, net of tax | (11,275) | (61,263) | (32,607) | (21,511) | ||
| Net loss | (554,416) | (422,270) | (1,209,680) | (790,510) | ||
| Unrealized holding gains (losses) | 8,404 | (35,517) | (26,488) | (23,335) | ||
| Total comprehensive loss | $ (546,012) | $ (457,787) | $ (1,236,168) | $ (813,845) | ||
| Basic and diluted net income (loss) per common share – Loss from continuing operations | $ (0.02) | $ (0.02) | $ (0.05) | $ (0.03) | ||
| Basic and diluted net income (loss) per common share – (Loss) earnings from discontinued operations | [1] | |||||
| Basic and diluted net income (loss) per common share – Net loss | $ (0.02) | $ (0.02) | $ (0.05) | $ (0.03) | ||
| Weighted average common shares outstanding – basic | 23,754,098 | 23,754,098 | 23,754,098 | 23,795,627 | ||
| Weighted average common shares outstanding – diluted | 23,754,098 | 23,754,098 | 23,754,098 | 23,795,627 | ||
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- Definition Period recognition of construction funding for special facilities. No definition available.
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- Definition Period recognition of water tap fees. No definition available.
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- Definition The amount of expense relating to wastewater service operations. No definition available.
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- Definition Revenue derived from wastewater treatment fees. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate depreciation, depletion and amortization expense in the current period for the cost of tangible assets, intangible assets, or depleting assets directly related to goods produced and sold during the reporting period. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, nonoperating income (expense) and income (loss) from equity method investments, before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of interest income (expense). No definition available.
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Other costs incurred and are directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The weighted average number of shares or units and dilutive common stock or unit equivalents outstanding in the calculation of proforma diluted earnings per share (earnings per unit), which is commonly presented in initial public offerings based on the terms of the offering. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Ancillary revenue earned during the period from the consideration paid to the entity for the use of its rights and property by another party. Examples include licensing the use of copyrighted materials and leasing the extraction of natural resources. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from sale of goods in the normal course of business, before deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of unrealized holding gain (loss) recognized in the income statement for investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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