The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements (defined in Note 4 – Water and Land Assets to the 2014 Annual Report). Sales to the District accounted for 12% and 9% of the Company’s total water and wastewater revenues for the three months ended February 28, 2015 and 2014, respectively. Sales to the District accounted for 10% of the Company’s total water and wastewater revenues for each of the six months ended February 28, 2015 and 2014, respectively. The District has one significant customer. Pursuant to the Rangeview Water Agreements, the Company is providing water and wastewater services to this customer on behalf of the District. The District’s significant customer accounted for 11% and 8% of the Company’s total water and wastewater revenues for the three months ended February 28, 2015 and 2014, respectively. The District’s significant customer accounted for 9% and 8% of the Company’s total water and wastewater revenues for the six months ended February 28, 2015 and 2014, respectively.

Revenues related to the provision of water for the oil and gas industry to one customer accounted for 85% and 86% of the Company’s water and wastewater revenues for the three months ended February 28, 2015 and 2014, respectively. Revenues related to the provision of water for the oil and gas industry to one customer accounted for 87% of the Company’s water and wastewater revenues for each of the six months ended February 28, 2015 and 2014.

The Company had accounts receivable from the District which accounted for 6% and 5% of the Company’s trade receivables balances at February 28, 2015 and August 31, 2014, respectively. Accounts receivable from the District’s largest customer accounted for 6% and 4% of the Company’s trade receivables as of February 28, 2015 and August 31, 2014, respectively. Accounts receivable from industrial water sales accounted for 26% and 75% of the Company’s trade receivable balances at February 28, 2015 and August 31, 2014, respectively.