Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

v3.23.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Revenues:    
Total revenues $ 14,586 $ 23,003
Expenses:    
Depletion and depreciation 1,658 1,740
Other 491 289
Total cost of revenues 6,546 6,629
General and administrative expenses 5,470 5,893
Depreciation 498 385
Operating (loss) income 2,072 10,096
Other income (expense):    
Interest income - Investments 1,023 32
Oil and gas royalty income, net 267 498
Oil and gas lease income, net 75 171
Other, net 1,508 61
Interest expense, net (206) (90)
Income from operations before income taxes 6,220 12,705
Income tax expense 1,521 3,086
Net income $ 4,699 $ 9,619
Earnings per common share - basic and diluted    
Basic (in dollars per share) $ 0.20 $ 0.40
Diluted (in dollars per share) $ 0.19 $ 0.40
Weighted average common shares outstanding:    
Weighted average common shares outstanding, Basic (in shares) 24,031,068 23,953,740
Weighted average common shares outstanding, Diluted (in shares) 24,106,067 24,155,990
Related Party [Member]    
Other income (expense):    
Interest income $ 1,481 $ 1,937
Water Service Operations [Member]    
Expenses:    
Expenses 1,757 1,910
Metered Water Usage - Municipal Customers [Member]    
Revenues:    
Total revenues 504 440
Metered Water Usage-Commercial Customers [Member]    
Revenues:    
Total revenues 3,059 4,107
Wastewater Service Operations [Member]    
Expenses:    
Expenses 675 501
Wastewater Treatment Fees [Member]    
Revenues:    
Total revenues 302 248
Land Development Construction Costs [Member]    
Expenses:    
Expenses 1,606 1,990
Water and Wastewater Tap Fees [Member]    
Revenues:    
Total revenues 2,991 4,922
Lot Sales [Member]    
Revenues:    
Total revenues 6,815 12,187
Project Management Fees - Recognized [Member]    
Revenues:    
Total revenues 283 683
Single Family Rentals [Member]    
Revenues:    
Total revenues 165 82
Expenses:    
Expenses 73 23
Special Facility Projects and Other [Member]    
Revenues:    
Total revenues 467 334
Project Management Costs [Member]    
Expenses:    
Expenses $ 286 $ 176