Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Revenues:    
Total revenues $ 5,386 $ 1,340
Expenses:    
Depletion and depreciation 362 378
Other 146 106
Total cost of revenues 2,044 1,326
General and administrative expenses 1,438 1,388
Depreciation 148 115
Operating (loss) income 1,756 (1,489)
Other income (expense):    
Interest income - Investments 308 228
Oil and gas royalty income, net 34 116
Oil and gas lease income, net 18 19
Other, net 70 1,218
Interest expense, net (108) (50)
Income from operations before income taxes 2,802 289
Income tax expense 737 130
Net income $ 2,065 $ 159
Earnings per common share - basic and diluted    
Basic (in dollars per share) $ 0.09 $ 0.01
Diluted (in dollars per share) $ 0.09 $ 0.01
Weighted average common shares outstanding:    
Weighted average common shares outstanding, Basic (in shares) 24,078,544 23,985,788
Weighted average common shares outstanding, Diluted (in shares) 24,153,662 24,087,893
Related Party    
Other income (expense):    
Interest income $ 724 $ 247
Water Service Operations [Member]    
Expenses:    
Expenses 553 479
Metered Water Usage - Municipal Customers [Member]    
Revenues:    
Total revenues 202 121
Metered Water Usage-Commercial Customers [Member]    
Revenues:    
Total revenues 2,132 392
Wastewater Service Operations [Member]    
Expenses:    
Expenses 159 138
Wastewater Treatment Fees [Member]    
Revenues:    
Total revenues 86 63
Land Development Construction Costs [Member]    
Expenses:    
Expenses 688 143
Water and Wastewater Tap Fees    
Revenues:    
Total revenues 581 150
Lot Sales    
Revenues:    
Total revenues 1,896 513
Project Management Fees - Recognized    
Revenues:    
Total revenues 100 8
Single Family Rentals [Member]    
Revenues:    
Total revenues 109 25
Expenses:    
Expenses 57 10
Special Facility Projects and Other [Member]    
Revenues:    
Total revenues 280 68
Project Management Costs [Member]    
Expenses:    
Expenses $ 79 $ 72