| Segment Information |
The tables below present the measure of profit and assets the CODM uses to assess the performance of the segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2021 |
|
|
Water and |
|
|
|
|
|
|
|
|
|
|
|
wastewater |
|
|
|
|
|
|
|
|
|
|
|
resource |
|
|
|
|
|
|
|
|
|
|
|
development |
|
Land development |
|
Corporate |
|
Total |
|
|
|
(In thousands) |
Total revenue |
|
$ |
2,198 |
|
$ |
468 |
|
$ |
— |
|
$ |
2,666 |
Cost of revenue |
|
|
(483) |
|
|
(99) |
|
|
— |
|
|
(582) |
Depreciation and depletion |
|
|
(358) |
|
|
— |
|
|
— |
|
|
(358) |
Total cost of revenue |
|
|
(841) |
|
|
(99) |
|
|
— |
|
|
(940) |
Gross profit |
|
$ |
1,357 |
|
$ |
369 |
|
$ |
— |
|
$ |
1,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2020 |
|
|
Water and |
|
|
|
|
|
|
|
|
|
|
|
wastewater |
|
|
|
|
|
|
|
|
|
|
|
resource |
|
|
|
|
|
|
|
|
|
|
|
development |
|
Land development |
|
Corporate |
|
Total |
|
|
|
(In thousands) |
Total revenue |
|
$ |
1,154 |
|
$ |
696 |
|
$ |
— |
|
$ |
1,850 |
Cost of revenue |
|
|
(164) |
|
|
(556) |
|
|
— |
|
|
(720) |
Depreciation and depletion |
|
|
(386) |
|
|
— |
|
|
— |
|
|
(386) |
Total cost of revenue |
|
|
(550) |
|
|
(556) |
|
|
— |
|
|
(1,106) |
Gross profit |
|
$ |
604 |
|
$ |
140 |
|
$ |
— |
|
$ |
744 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2021 |
|
|
Water and |
|
|
|
|
|
|
|
|
|
|
|
wastewater |
|
|
|
|
|
|
|
|
|
|
|
resource |
|
|
|
|
|
|
|
|
|
|
|
development |
|
Land development |
|
Corporate |
|
Total |
|
|
|
(In thousands) |
Total revenue |
|
$ |
7,386 |
|
$ |
4,887 |
|
$ |
— |
|
$ |
12,273 |
Cost of revenue |
|
|
(1,785) |
|
|
(2,087) |
|
|
— |
|
|
(3,872) |
Depreciation and depletion |
|
|
(1,077) |
|
|
— |
|
|
— |
|
|
(1,077) |
Total cost of revenue |
|
|
(2,862) |
|
|
(2,087) |
|
|
— |
|
|
(4,949) |
Gross profit |
|
$ |
4,524 |
|
$ |
2,800 |
|
$ |
— |
|
$ |
7,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2020 |
|
|
Water and |
|
|
|
|
|
|
|
|
|
|
|
wastewater |
|
|
|
|
|
|
|
|
|
|
|
resource |
|
|
|
|
|
|
|
|
|
|
|
development |
|
Land development |
|
Corporate |
|
Total |
|
|
|
(In thousands) |
Total revenue |
|
$ |
4,326 |
|
$ |
11,503 |
|
$ |
— |
|
$ |
15,829 |
Cost of revenue |
|
|
(716) |
|
|
(10,436) |
|
|
— |
|
|
(11,152) |
Depreciation and depletion |
|
|
(988) |
|
|
— |
|
|
— |
|
|
(988) |
Total cost of revenue |
|
|
(1,704) |
|
|
(10,436) |
|
|
— |
|
|
(12,140) |
Gross profit |
|
$ |
2,622 |
|
$ |
1,067 |
|
$ |
— |
|
$ |
3,689 |
The following table summarizes total assets for the Company’s water and wastewater resource development business and land development business by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash, cash equivalents and restricted cash, equipment, and related party notes receivables.
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|
|
|
|
|
|
|
May 31, 2021 |
|
August 31, 2020 |
|
|
|
(In thousands) |
Water and wastewater resource development |
|
$ |
55,832 |
|
$ |
56,267 |
Land development |
|
|
28,897 |
|
|
6,975 |
Corporate |
|
|
24,381 |
|
|
26,519 |
Total assets |
|
$ |
109,110 |
|
$ |
89,761 |
|