Quarterly report pursuant to Section 13 or 15(d)

10. SEGMENT INFORMATION

v2.4.1.9
10. SEGMENT INFORMATION
 6 Months Ended
Feb. 28, 2015
Segment Information  
SEGMENT INFORMATION

The Company operates primarily in two lines of business: (i) the wholesale water and wastewater business; and (ii) the agricultural farming business. The Company provides wholesale water and wastewater services to customers using water rights owned by the Company and develops infrastructure to divert, treat and distribute that water and collect, treat and reuse wastewater. The Company’s agricultural business consists of the Company leasing its Arkansas River Valley land and water to area farmers under cash leases or in certain cases crop share leases. The following tables show information by operating segment for the three and six months ended February 28, 2015 and 2014:

 

 

Three Months Ended February 28, 2015  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 341,700     $ 284,500     $ 30,300     $ 656,500  
 Gross profit     197,300       264,100       19,400       480,800  
 Depletion and depreciation     93,300       -       -       93,300  
 Other significant noncash items:                                
           Stock-based compensation     -       -       63,800       63,800  
            TPF interest expense     -       -       -       -  
 Segment assets     92,093,000       8,479,900       2,392,000       102,964,900  
 Expenditures for segment assets     719,600       -       -       719,600  

 

Three Months Ended February 28, 2014  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 415,300     $ 306,600     $ 14,000     $ 735,900  
 Gross profit     251,600       285,900       14,000       551,500  
 Depletion and depreciation     45,100       -       -       45,100  
 Other significant noncash items:                                
           Stock-based compensation     -       -       59,500       59,500  
            TPF interest expense     403,000       -       -       403,000  
 Segment assets     93,806,200       6,808,900       7,290,600       107,905,700  
 Expenditures for segment assets     121,800       -       -       121,800  

 

 

Six Months Ended February 28, 2015  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 845,200     $ 548,300     $ 96,800     $ 1,490,300  
 Gross profit     514,200       501,400       75,800       1,091,400  
 Depletion and depreciation     172,100       -       -       172,100  
 Other significant noncash items:                                
           Stock-based compensation     -       -       132,600       132,600  
            TPF interest expense     23,800       -       -       23,800  
 Segment assets     92,093,000       8,479,900       2,392,000       102,964,900  
 Expenditures for segment assets     1,871,000       2,900       -       1,873,900  

 

Six Months ended February 28, 2014  
                         
    Business segments              
    Wholesale                    
    water and                    
    wastewater     Agricultural     All Other     Total  
                         
 Revenues   $ 759,500     $ 526,900     $ 28,000     $ 1,314,400  
 Gross profit     436,100       485,500       28,000       949,600  
 Depletion and depreciation     93,600       -       -       93,600  
 Other significant noncash items:                                
           Stock-based compensation     -       -       114,300       114,300  
            TPF interest expense     1,060,200       -       -       1,060,200  
 Segment assets     93,806,200       6,808,900       7,290,600       107,905,700  
 Expenditures for segment assets     521,400       -       -       521,400