| Segment Information |
The tables below present the measure of profit and assets the CODM uses to assess the performance of the segment for the periods presented:
| |
|
Year Ended August 31, 2020 |
|
| |
|
Water and
wastewater resource
development
|
|
|
Land
development
|
|
|
Corporate |
|
|
Total |
|
Total revenue |
|
$ |
6,920,815 |
|
|
$ |
18,934,400 |
|
|
$ |
— |
|
|
$ |
25,855,215 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
(1,074,450 |
) |
|
|
(15,869,547 |
) |
|
|
— |
|
|
|
(16,943,997 |
) |
Depletion and depreciation |
|
|
(1,367,160 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,367,160 |
) |
Total cost of revenue |
|
|
(2,441,610 |
) |
|
|
(15,869,547 |
) |
|
|
— |
|
|
|
(18,311,157 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Margin |
|
|
4,479,205 |
|
|
|
3,064,853 |
|
|
|
— |
|
|
|
7,544,058 |
|
Reimbursement of construction costs - related party |
|
|
— |
|
|
|
6,275,500 |
|
|
|
— |
|
|
|
6,275,500 |
|
Gross Margin after reimbursables
|
|
$ |
4,479,205 |
|
|
$
|
9,340,353 |
|
|
$
|
— |
|
|
$
|
13,819,558 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax operating income |
|
$ |
4,479,205 |
|
|
$ |
3,064,853 |
|
|
$ |
(6,030,683 |
) |
|
$ |
1,513,375 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term assets |
|
$ |
56,266,579 |
|
|
$ |
6,975,289 |
|
|
$ |
26,519,188 |
|
|
$ |
89,761,056 |
|
| |
|
Year Ended August 31, 2019 |
|
| |
|
Water and
wastewater resource
development
|
|
|
Land
development
|
|
|
Corporate |
|
|
Total |
|
Total revenue |
|
$ |
8,405,520 |
|
|
$ |
11,955,989 |
|
|
$ |
0 |
|
|
$ |
20,361,509 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
(1,670,508 |
) |
|
|
(11,304,962 |
) |
|
|
— |
|
|
|
(12,975,470 |
) |
Depletion and depreciation |
|
|
(968,229 |
) |
|
|
— |
|
|
|
— |
|
|
|
(968,229 |
) |
Total cost of revenue |
|
|
(2,638,737 |
) |
|
|
(11,304,962 |
) |
|
|
— |
|
|
|
(13,943,699 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Margin |
|
$ |
5,766,783 |
|
|
$ |
651,027 |
|
|
$ |
— |
|
|
$ |
6,417,810 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax operating income |
|
$ |
5,766,783 |
|
|
$ |
651,027 |
|
|
$ |
(3,419,149 |
) |
|
$ |
2,998,661 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term assets |
|
$ |
51,588,079 |
|
|
$ |
16,866,542 |
|
|
$ |
15,266,783 |
|
|
$ |
83,721,404 |
|
|