Annual report pursuant to Section 13 and 15(d)

UNAUDITED QUARTERLY FINANCIAL DATA

v3.10.0.1
UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Aug. 31, 2018
UNAUDITED QUARTERLY FINANCIAL DATA [Abstract]  
UNAUDITED QUARTERLY FINANCIAL DATA
NOTE 15 – UNAUDITED QUARTERLY FINANCIAL DATA

Quarterly Results of Operations

   
2018
    
2017
  
   
Three Months Ended
    
Three Months Ended
  
In thousands, except per share data
  
Nov 30
    
Feb 28
    
May 31
    
Aug 31
    
Nov 30
    
Feb 29
    
May 31
    
Aug 31
  
Total revenues
  
$
1,010
    
$
845
    
$
1,212
    
$
3,892
    
$
199
    
$
237
    
$
134
    
$
658
  
Gross margin
    
580
      
631
      
683
      
904
      
54
      
68
      
(33
)
    
336
  
Operating loss
    
(200
)
    
(14
)
    
(88
)
    
(7
)
    
(464
)
    
(455
)
    
(631
)
    
(581
)
Discontinued operations
    
—
      
—
      
—
      
—
      
(19
)
    
(3
)
    
(11
)
    
1
  
Net income (loss)
  
$
(97
)
  
$
100
    
$
55
    
$
357
    
$
(338
)
  
$
(317
)
  
$
(554
)
  
$
(501
)
                                                                 
Basic and diluted income (loss) per share
  
$
*
    
$
*
    
$
*
    
$
0.01
      
(0.01
)
  
$
(0.01
)
  
$
(0.02
)
  
$
(0.02
)

*
Amount is less than $.01 per share

The following item had a significant impact on the Company’s net income (loss):

●
In fiscal 2018, the Company sold approximately $4,044,300 ($846,400, $753,000, $1,022,300 and $1,422,600 in fiscal Q1, Q2, Q3 and Q4, respectively) in water related to oil and gas activities as compared to $478,500 ($80,300, $141,500 and $256,700 in fiscal Q1, Q2 and Q4, respectively) in fiscal 2017.