Annual report pursuant to Section 13 and 15(d)

UNAUDITED QUARTERLY FINANCIAL DATA

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UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Aug. 31, 2017
Unaudited Quarterly Financial Data  
UNAUDITED QUARTERLY FINANCIAL DATA
  Quarterly results of operations
    2017     2016    
    Three months ended     Three months ended    
    30 Nov     28 Feb     31 May     31 Aug     30 Nov     29 Feb     31 May     31 Aug  
    (In thousands, except per share data)  
Total revenues   $ 199     $ 237     $ 134     $ 658     $ 126     $ 76     $ 101     $ 149  
Gross margin     54       68       (33 )     336       (7 )     (44 )     (34 )     8  
Operating loss     (464 )     (455 )     (631 )     (581 )     (472 )     (557 )     (533 )     (618 )
Discontinued operations     (19 )     (3 )     (11 )     1       (3 )     (29 )     (61 )     13  
Net loss   $ (338 )   $ (317 )   $ (554 )   $ (501 )   $ (97 )   $ (271 )   $ (422 )   $ (521 )
                                                                 
Basic and diluted                                                                
  loss per share   $ (0.01 )   $ (0.01 )   $ (0.02 )   $ (0.02 )     *     $ (0.01 )   $ (0.02 )   $ (0.03 )
* Amount is less than $.01 per share                                                                

 

The following item had a significant impact on the Company’s net income (loss):

 

● In fiscal 2017, the Company sold approximately $478,500 ($80,300, $141,500 and $256,700 in 2017 fiscal Q1, Q2 and Q4, respectively) in water related to oil and gas activities as compared to nil in fiscal 2016.