Quarterly report pursuant to Section 13 or 15(d)

PRESENTATION OF INTERIM INFORMATION (Details Narrative)

v2.4.0.8
PRESENTATION OF INTERIM INFORMATION (Details Narrative) (USD $)
 3 Months Ended 9 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Aug. 31, 2013
Mortgage term     5 years    
Mortgage interest rate 5.00%   5.00%    
Number of water taps subject to tap participation fee 3,736   3,736    
Interest imputed on the Tap Participation Fee payable to HP A&M $ 248,847 $ 871,864 $ 1,309,085 $ 2,416,619  
Water tap fees recognized 3,574 3,574 10,721 10,721  
Special facility (deferred construction) funding recognized 10,377 10,377 31,131 31,131  
Allowance for doubtful accounts 41,100   41,100   41,100
Royalty revenue 149,900 103,600 363,400 310,900  
Antidilutive securities excluded from earnings per share calculation     380,100 247,600  
County Tap And Construction Fee Deferred Revenue
          
Deferred revenue 1,248,600   1,248,600   1,297,600
Farm Income
          
Deferred revenue 87,600   87,600   122,000
Deferred O And G and Rangeview Lease Revenue
          
Deferred revenue 1,115,500   1,115,500   431,800
Deferred lease revenue $ 1,243,400   $ 1,243,400   $ 1,243,400
Number of acres for exploration and development         634