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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | ||
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May 31, 2014
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May 31, 2013
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May 31, 2014
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May 31, 2013
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| Revenues: | ||||
| Metered water usage | $ 314,231 | $ 89,666 | $ 1,028,641 | $ 240,593 |
| Wastewater treatment fees | 11,366 | 10,069 | 33,472 | 31,384 |
| Farm operations | 328,801 | 296,085 | 855,686 | 963,935 |
| Special facility funding recognized | 10,377 | 10,377 | 31,131 | 31,131 |
| Water tap fees recognized | 3,574 | 3,574 | 10,721 | 10,721 |
| Other | 10,200 | 3,673 | 33,275 | 8,603 |
| Total revenues | 678,549 | 413,444 | 1,992,926 | 1,286,367 |
| Expenses: | ||||
| Water service operations | (94,058) | (59,552) | (307,526) | (137,820) |
| Wastewater service operations | (6,442) | (4,898) | (24,680) | (12,842) |
| Farm operations | (23,020) | (27,867) | (64,418) | (73,967) |
| Depletion and depreciation | (38,345) | (22,198) | (109,052) | (66,514) |
| Other | (12,295) | 0 | (33,289) | (20,673) |
| Total cost of revenues | (174,160) | (114,515) | (538,965) | (311,816) |
| Gross margin | 504,389 | 298,929 | 1,453,961 | 974,551 |
| General and administrative expenses | (848,326) | (460,479) | (2,153,217) | (1,602,130) |
| Depreciation | (7,157) | (55,481) | (30,087) | (165,308) |
| Operating loss | (351,094) | (217,031) | (729,343) | (792,887) |
| Other income (expense): | ||||
| Oil and gas lease income, net | 149,930 | 103,620 | 363,440 | 310,860 |
| Easement income | 87,409 | 0 | 85,591 | 0 |
| Interest income | 17,293 | 4,762 | 24,103 | 24,429 |
| Other | 15,372 | 1,395 | 57,356 | 6,176 |
| Interest expense | (51,309) | (73,627) | (175,783) | (176,837) |
| Interest imputed on the Tap Participation Fee payable to HP A&M | (248,847) | (871,864) | (1,309,085) | (2,416,619) |
| Net loss | (381,246) | (1,052,745) | (1,683,721) | (3,044,878) |
| Unrealized income on marketable securities | 0 | 56 | 0 | 1,081 |
| Comprehensive Loss | $ (381,246) | $ (1,052,689) | $ (1,683,721) | $ (3,043,797) |
| Net loss per common share - basic and diluted | $ (0.02) | $ (0.04) | $ (0.07) | $ (0.13) |
| Weighted average common shares outstanding - basic and diluted (in Shares) | 24,037,598 | 24,037,598 | 24,037,598 | 24,037,598 |
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Period recognition of construction funding for special facilities. No definition available.
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Period recognition of water tap fees. No definition available.
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The amount of expense relating to wastewater service operations. No definition available.
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Revenue derived from wastewater treatment fees. No definition available.
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Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate depreciation, depletion and amortization expense in the current period for the cost of tangible assets, intangible assets, or depleting assets directly related to goods produced and sold during the reporting period. No definition available.
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The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other costs incurred and are directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue during the period from sale of goods in the normal course of business, before deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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