Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.20.2
SEGMENT INFORMATION (Tables)
9 Months Ended
May 31, 2020
SEGMENT INFORMATION [Abstract]  
Segment Information
The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

 
 
Three Months Ended
   
Nine Months Ended
 
 
 
May 31, 2020
 
May 31, 2019
   
May 31, 2020
   
May 31, 2019
 
Wholesale water and wastewater services
 
$
1,153,951
   
$
2,476,570
   
$
4,326,207
   
$
4,851,961
 
Land development activities
   
696,170
     
2,708,093
     
11,503,523
     
6,035,670
 
Total revenues
 
$
1,850,121
   
$
5,184,663
   
$
15,829,730
   
$
10,887,631
 

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

   
Three Months Ended
   
Nine Months Ended
 
   
May 31, 2020
   
May 31, 2019
   
May 31, 2020
   
May 31, 2019
 
Wholesale water and wastewater services
 
$
603,158
   
$
1,802,340
   
$
2,621,356
   
$
3,222,922
 
Land development activities
   
140,390
     
120,021
     
7,342,810
     
319,676
 
Corporate
   
(707,273
)
   
(660,990
)
   
(1,925,548
)
   
(1,743,280
)
Total pretax income (loss)
 
$
36,275
   
$
1,261,371
   
$
8,038,618
   
$
1,799,318
 

The following table summarizes total assets by segment.  The assets consist of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment. The assets consist of land, land development inventories and deposits in the Company’s land development segment.  The Company’s other assets primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

   
May 31, 2020
   
August 31, 2019
 
Wholesale water and wastewater services
 
$
56,244,054
   
$
51,588,079
 
Land development activities
   
9,498,852
     
16,866,542
 
Corporate
   
22,466,167
     
15,266,783
 
Total assets
 
$
88,209,073
   
$
83,721,404