Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Cash flows from operating activities:    
Net income (loss) $ 3,551 $ (655,263)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and depletion 344,716 257,639
Equity loss in Well Enhancement Recovery Systems, LLC 5,204 4,267
Share-based compensation expense 157,578 104,495
Interest income and other non-cash items 30,508 (34,997)
Interest added to receivable from related parties (15,057) (12,476)
Changes in operating assets and liabilities:    
Trade accounts receivable (245,765) 102,670
Prepaid expenses (1,091,882) (134,927)
Notes receivable - related parties (60,244) (53,608)
Accounts payable and accrued liabilities (328,982) (185,377)
Deferred revenues 0 (27,902)
Deferred oil & gas lease payment 143,978 (12,000)
Net cash used in operating activities from continuing operations (1,056,395) (647,479)
Net cash provided by operating activities from discontinued operations 16,650 111,180
Net cash used in operating activities (1,039,745) (536,299)
Cash flows from investing activities:    
Sale (purchase) of short-term investments, net 2,928,145 7,218,350
Purchase of long-term investments (1,244,889) 0
Investments in water, water systems, and land (1,769,695) (4,596,397)
Purchase of property and equipment (160,699) (29,542)
Net cash (used in) provided by investing activities (247,138) 2,592,411
Cash flows from financing activities:    
Issuance of note receivable - related parties (1,490,000) 0
Proceeds from note receivable - related parties 215,504 0
Proceeds from the issuance of stock 75,000 0
Payments to contingent liability holders (1,621) (1,909)
Net cash used in financing activities (1,201,117) (1,909)
Net change in cash and cash equivalents (2,488,000) 2,054,203
Cash and cash equivalents - beginning of period 5,575,823 4,697,288
Cash and cash equivalents - end of period 3,087,823 6,751,491
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Investment in water assets through accounts payable $ 0 $ 1,141,373