Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Revenues:        
Total revenues $ 2,990 $ 4,664 $ 4,330 $ 8,936
Expenses:        
Depletion and depreciation 461 352 839 706
Other 141 141 247 219
Total cost of revenues 1,401 1,507 2,727 2,891
General and administrative expenses 1,707 1,552 3,095 2,876
Depreciation 122 97 237 182
Operating (loss) income (240) 1,508 (1,729) 2,987
Other income (expense):        
Interest income - related party 263 525 510 888
Interest income - Investments 218 2 446 3
Oil and gas royalty income, net 67 110 183 207
Oil and gas lease income, net 19 48 38 96
Other, net (1) 14 1,217 25
Interest expense, net (47) (13) (97) (21)
Income from operations before income taxes 279 2,194 568 4,185
Income tax expense 90 501 220 978
Net income $ 189 $ 1,693 $ 348 $ 3,207
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.01 $ 0.07 $ 0.01 $ 0.13
Diluted (in dollars per share) $ 0.01 $ 0.07 $ 0.01 $ 0.13
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,023,775 23,944,141 24,004,677 23,931,307
Weighted average common shares outstanding, Diluted (in shares) 24,142,300 24,184,161 24,114,089 24,194,579
Water Service Operations [Member]        
Expenses:        
Expenses $ 402 $ 570 $ 881 $ 859
Metered Water Usage - Municipal Customers [Member]        
Revenues:        
Total revenues 83 69 204 180
Metered Water Usage-Commercial Customers [Member]        
Revenues:        
Total revenues 59 1,541 451 2,137
Wastewater Service Operations [Member]        
Expenses:        
Expenses 116 99 254 228
Wastewater Treatment Fees [Member]        
Revenues:        
Total revenues 78 64 141 119
Land Development Construction Costs [Member]        
Expenses:        
Expenses 188 295 331 826
Water and Wastewater Tap Fees [Member]        
Revenues:        
Total revenues 994 913 1,144 1,174
Lot Sales [Member]        
Revenues:        
Total revenues 1,391 1,629 1,904 4,574
Project Management Fees - Recognized [Member]        
Revenues:        
Total revenues 123 200 131 448
Single Family Rentals [Member]        
Revenues:        
Total revenues 31 26 56 34
Expenses:        
Expenses 19 4 29 7
Special Facility Projects and Other [Member]        
Revenues:        
Total revenues 231 222 299 270
Project Management Costs [Member]        
Expenses:        
Expenses $ 74 $ 46 $ 146 $ 46