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, 2024
Nov. 30, 2023
Revenues:    
Total revenues $ 5,752 $ 5,386
Cost of revenues:    
Depletion and depreciation 371 362
Other 325 146
Total cost of revenues 2,086 2,044
General and administrative expenses 1,792 1,438
Depreciation 155 148
Operating income 1,719 1,756
Other income (expense):    
Interest income - Investments 248 308
Oil and gas royalty income, net 2,807 34
Oil and gas lease income, net   18
Interest expense, net (109) (108)
Income from operations before income taxes 5,208 2,802
Income tax expense (1,271) (737)
Net income $ 3,937 $ 2,065
Earnings per common share - basic and diluted    
Basic (in dollars per share) $ 0.16 $ 0.09
Diluted (in dollars per share) $ 0.16 $ 0.09
Weighted average common shares outstanding:    
Weighted average common shares outstanding, Basic (in shares) 24,071,907 24,078,544
Weighted average common shares outstanding, Diluted (in shares) 24,157,347 24,153,662
Related Party    
Other income (expense):    
Other, net $ 484 $ 724
Nonrelated Party    
Other income (expense):    
Other, net 59 70
Water service operations    
Cost of revenues:    
Expenses 483 553
Metered Water Usage - Municipal Customers    
Revenues:    
Total revenues 230 202
Metered Water Usage-Commercial Customers    
Revenues:    
Total revenues 1,014 2,132
Wastewater service operations    
Cost of revenues:    
Expenses 179 159
Wastewater treatment fees    
Revenues:    
Total revenues 89 86
Water and wastewater tap fees    
Revenues:    
Total revenues 1,466 581
Lot sales    
Revenues:    
Total revenues 2,319 1,896
Land development construction costs    
Cost of revenues:    
Expenses 575 688
Project management costs    
Cost of revenues:    
Expenses 85 79
Project management fees    
Revenues:    
Total revenues 253 100
Single-family rentals    
Revenues:    
Total revenues 124 109
Cost of revenues:    
Expenses 68 57
Special facility projects and other    
Revenues:    
Total revenues $ 257 $ 280