| Deferred Revenue and Changes in Deferred Revenue |
As of August 31, 2024 and 2023, the Company’s deferred revenue along with the changes in the deferred revenue are as follows:
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|
|
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|
|
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|
|
|
|
Three Months Ended August 31, 2024 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at May 31, 2024 |
|
$ |
13 |
|
$ |
1,548 |
|
$ |
1,561 |
Revenue recognized |
|
|
(13) |
|
|
(8,244) |
|
|
(8,257) |
Revenue deferred |
|
|
- |
|
|
8,869 |
|
|
8,869 |
Balance at August 31, 2024 |
|
$ |
- |
|
$ |
2,173 |
|
$ |
2,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended August 31, 2023 |
|
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at May 31, 2023 |
|
$ |
13 |
|
$ |
3,475 |
|
$ |
3,488 |
Revenue recognized |
|
|
(19) |
|
|
(1,984) |
|
|
(2,003) |
Revenue deferred |
|
|
75 |
|
|
170 |
|
|
245 |
Balance at August 31, 2023 |
|
$ |
69 |
|
$ |
1,661 |
|
$ |
1,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Year Ended August 31, 2024 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at August 31, 2023 |
|
$ |
69 |
|
$ |
1,661 |
|
$ |
1,730 |
Revenue recognized |
|
|
(177) |
|
|
(16,302) |
|
|
(16,479) |
Revenue deferred |
|
|
108 |
|
|
16,814 |
|
|
16,922 |
Balance at August 31, 2024 |
|
$ |
- |
|
$ |
2,173 |
|
$ |
2,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended August 31, 2023 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at August 31, 2022 |
|
$ |
570 |
|
$ |
4,275 |
|
$ |
4,845 |
Revenue recognized |
|
|
(576) |
|
|
(7,041) |
|
|
(7,617) |
Revenue deferred |
|
|
75 |
|
|
4,427 |
|
|
4,502 |
Balance at August 31, 2023 |
|
$ |
69 |
|
$ |
1,661 |
|
$ |
1,730 |
|