| 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:
| |
|
Three Months Ended November 30, 2020 |
|
| |
|
Water and
wastewater resource
development
|
|
|
Land
development
|
|
|
Corporate |
|
|
Total |
|
| |
|
(In thousands) |
|
Total Revenue |
|
$ |
2,512 |
|
|
$ |
2,356 |
|
|
$ |
— |
|
|
$ |
4,868 |
|
Cost of revenue |
|
|
(661 |
) |
|
|
(1,719 |
) |
|
|
— |
|
|
|
(2,380 |
) |
Depreciation and depletion |
|
|
(365 |
) |
|
|
— |
|
|
|
— |
|
|
|
(365 |
) |
Total cost of revenue |
|
|
(1,026 |
) |
|
|
(1,719 |
) |
|
|
— |
|
|
|
(2,745 |
) |
Gross Margin |
|
|
1,486 |
|
|
|
637 |
|
|
|
— |
|
|
|
2,123 |
|
Pretax operating income |
|
$ |
1,486 |
|
|
$ |
637 |
|
|
$ |
(1,170 |
) |
|
$ |
953 |
|
| |
|
Three Months Ended November 30, 2019 |
|
| |
|
Water and
wastewater
resource
development
|
|
|
Land
development
|
|
|
Corporate |
|
|
Total |
|
| |
|
(In thousands) |
|
Total Revenue |
|
$ |
1,918 |
|
|
$ |
8,542 |
|
|
$ |
— |
|
|
$ |
10,460 |
|
Cost of revenue |
|
|
(304 |
) |
|
|
(8,063 |
) |
|
|
— |
|
|
|
(8,367 |
) |
Depreciation and depletion |
|
|
(219 |
) |
|
|
— |
|
|
|
— |
|
|
|
(219 |
) |
Total cost of revenue |
|
|
(523 |
) |
|
|
(8,063 |
) |
|
|
— |
|
|
|
(8,586 |
) |
Gross Margin |
|
|
1,395 |
|
|
|
479 |
|
|
|
— |
|
|
|
1,874 |
|
Reimbursement of construction costs |
|
|
— |
|
|
|
6,276 |
|
|
|
— |
|
|
|
6,276 |
|
Gross Margin after reimbursables |
|
$ |
1,395 |
|
|
$ |
6,755 |
|
|
$ |
— |
|
|
$ |
8,150 |
|
Pretax operating income |
|
$ |
1,395 |
|
|
$ |
479 |
|
|
$ |
(886 |
) |
|
$ |
988 |
|
The following table summarizes total assets for the Company’s water and wastewater resource development business and land development business by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and an income tax receivable.
| |
|
November 30, 2020 |
|
|
August 31, 2020 |
|
| |
|
(In thousands) |
|
Water and wastewater resource development |
|
$ |
55,376 |
|
|
$ |
56,267 |
|
Land development |
|
|
6,598 |
|
|
|
6,975 |
|
Corporate |
|
|
26,979 |
|
|
|
26,519 |
|
Total assets |
|
$ |
88,953 |
|
|
$ |
89,761 |
|
|