Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operating activities:    
Net income $ 348 $ 3,207
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and depletion 1,076 888
Share-based compensation expense 461 371
Trade accounts receivable 304 (506)
Deferred income taxes 95 (205)
Deferred water sales revenue (37) 29
Amortized discount on U.S. Treasury Bills (245)  
Prepaid expenses (136) (596)
Other assets and liabilities (137) 2
Deferred lot sale revenues (802) (792)
Accounts payable and accrued liabilities (1,063) (3,341)
Taxes payable / receivable (4,140) (4,076)
Land under development   (472)
Net cash used by operating activities (7,856) (13,685)
Cash flows from investing activities:    
Purchase of U.S. Treasury Bills (15,000)  
Construction costs of single-family rentals (1,579) (142)
Investments in water and water systems (1,613) (463)
Investments in future development phases at Sky Ranch (1,309) (1,948)
Payments received on note receivable - related party, other   304
Purchase of property and equipment (194)  
Net cash used by investing activities (19,695) (2,249)
Cash flows from financing activities:    
Payments to contingent liability holders (111) (1)
Payments on notes payable (5)  
Proceeds from option exercises   34
Proceeds from notes payable   1,000
Net cash (used) provided by financing activities (116) 1,033
Net change in cash, cash equivalents and restricted cash (27,667) (14,901)
Cash, cash equivalents and restricted cash - beginning of period 37,222 22,444
Cash, cash equivalents and restricted cash - end of period 9,555 7,543
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 7,224 5,215
Restricted cash 2,331 2,328
Total cash, cash equivalents and restricted cash 9,555 7,543
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 4,265 5,260
Cash paid for interest 98  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 586 668
Issuance of stock for compensation 111  
Rangeview District [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Additions to note receivable - related party (179) (25)
Sky Ranch CAB [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Additions to note receivable - related party $ (3,401) $ (8,169)