Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Revenue Recognition (Details)

v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Revenue Recognition (Details)
gal in Millions
 12 Months Ended
Nov. 19, 2019
USD ($)
Aug. 31, 2020
USD ($)
a
Segment
Contract
Builder
Lot
Agreement
gal
Aug. 31, 2019
USD ($)
Builder
Lot
gal
Aug. 31, 2018
USD ($)
Revenue Recognition [Abstract]        
Number of business lines | Segment   2    
Total revenues   $ 25,855,215 $ 20,361,509  
Land [Abstract]        
Deferred revenue   $ 3,600,523 5,058,883 $ 477,161
Area of land (in acres) | a   930    
Number of home builders | Builder   3    
Deferred interest income   $ 1,176,300    
Gain from reimbursement of construction costs   6,275,500 $ 0  
Net proceeds used to reduce remaining capital expenses in inventories   $ 4,200,000    
Number of service agreements | Agreement   2    
Construction support amount invoiced   $ 674,800    
Sky Ranch CAB [Member]        
Land [Abstract]        
Net proceeds from sale of bonds $ 10,500,000      
Sky Ranch CAB [Member] | Senior Bonds [Member]        
Land [Abstract]        
Aggregate principal amount of bonds 11,435,000      
Sky Ranch CAB [Member] | Subordinate Bonds [Member]        
Land [Abstract]        
Aggregate principal amount of bonds $ 1,765,000      
Metered Water Usage [Member]        
Revenue Recognition [Abstract]        
Water delivered to customers | gal   76.2 356.3  
Percentage of water used for oil and gas exploration   1.00% 84.00%  
Water Tap Fees [Member]        
Revenue Recognition [Abstract]        
Total revenues   $ 4,758,700 $ 3,116,100  
Wastewater Tap Fees [Member]        
Revenue Recognition [Abstract]        
Total revenues   882,300 526,400  
Special Facility Funding Recognized [Member]        
Revenue Recognition [Abstract]        
Total revenues   0 0  
Water Tap and Construction Fee [Member]        
Land [Abstract]        
Deferred revenue   0 0  
Consulting Fees [Member]        
Revenue Recognition [Abstract]        
Total revenues   $ 25,700 158,600  
Land [Abstract]        
Number of consulting contracts cancelled | Contract   1    
Lot Sales [Member]        
Revenue Recognition [Abstract]        
Total revenues   $ 18,934,400 11,955,989  
Lot Sales - Agreement with Purchaser [Member]        
Revenue Recognition [Abstract]        
Total revenues   $ 4,911,700 $ 4,053,800  
Land [Abstract]        
Number of home builders | Builder   1 1  
Number of finished lots sold | Lot   70 57  
Lot Sales - Agreement with Builder [Member]        
Revenue Recognition [Abstract]        
Total revenues   $ 14,022,700 $ 7,902,200  
Land [Abstract]        
Proceeds from sale of lots   25,600,000    
Deferred revenue   $ 1,635,400 $ 3,991,500  
Number of home builders | Builder   2    
Number of finished lots sold | Lot   356    
Number of platted lots sold | Lot   356    
Cumulative revenue recognized   $ 24,100,000    
Lot Sales - Agreement with Builder [Member] | Maximum [Member]        
Land [Abstract]        
Expected delivery period for lots sold   1 year    
Project Management Services [Member]        
Land [Abstract]        
Deferred interest income   $ 1,500,000    
Project management fee percentage   5.00%    
Project management services - accrued reimbursable amount   $ 1,464,900