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
 3 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities:    
Net income $ 2,065 $ 159
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and depletion 486 493
Trade accounts receivable (3,686) 1,185
Accounts payable and accrued liabilities 12 (904)
Other assets and liabilities 26 (149)
Share-based compensation expense 81 93
Deferred income taxes   166
Prepaid expenses 97 153
Amortized discount on U.S. Treasury Bills   (113)
Deferred water sales revenue (19) (18)
Land under development (1,562)  
Deferred lot sale revenues 2,130 (386)
Taxes payable / receivable 751 (36)
Net cash used by operating activities (1,228) (758)
Cash flows from investing activities:    
Purchase of property and equipment   (76)
Investments in future development phases at Sky Ranch (1,225) (514)
Construction costs of single-family rentals (176) (1,026)
Investments in water and water systems (821) (563)
Purchase of held-to-maturity investments in U.S. Treasury Bills (167) (15,000)
Net cash used in investing activities (2,389) (17,179)
Cash flows from financing activities:    
Payments on notes payable (8) (3)
Repurchases of common stock (198)  
Payments to contingent liability holders   (111)
Net cash used in financing activities (206) (114)
Net change in cash, cash equivalents and restricted cash (3,823) (18,051)
Cash, cash equivalents and restricted cash - beginning of period 28,487 37,222
Cash, cash equivalents and restricted cash - end of period 24,664 19,171
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 21,784 16,843
Restricted cash 2,880 2,328
Total cash, cash equivalents and restricted cash 24,664 19,171
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 947  
Cash paid for interest 105 48
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 275 104
Change in investments in water and water systems included in accounts payable and accrued liabilities 71 120
Issuance of stock for compensation 16 12
Related Party | Sky Ranch CAB    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other (1,579) (1,279)
Related Party | Rangeview District [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other $ (30) $ (122)