Annual report pursuant to Section 13 and 15(d)

WATER AND LAND ASSETS, Land and Mineral Interests (Details)

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WATER AND LAND ASSETS, Land and Mineral Interests (Details)
12 Months Ended
Aug. 31, 2018
USD ($)
a
Lot
Aug. 31, 2017
USD ($)
Nov. 30, 2015
a
Aug. 31, 2015
a
Aug. 31, 2010
a
Land and Mineral Interests [Abstract]          
Area of land (in acres) | a 931   700 14,600  
Net land and mineral interests $ 4,659,569 $ 6,248,371      
Sky Ranch [Member]          
Land and Mineral Interests [Abstract]          
Area of land (in acres) | a         931
Mineral estate area owned (in acres) | a 151        
Land [1] $ 3,037,557 3,623,348      
Development costs [2] 196,553 1,199,564      
Inventories $ 585,700        
Number of platted lots sold | Lot 150        
Arkansas River Land [Member]          
Land and Mineral Interests [Abstract]          
Mineral estate area owned (in acres) | a 13,900        
Mineral Rights $ 1,425,459 $ 1,425,459      
[1] The Company transferred $585,700 of Sky Ranch land costs to Inventories related to the initial phase of development, consisting of 151 acres, which began in fiscal 2018.
[2] The Company transferred the $1.2 million balance for fiscal 2017 of Sky Ranch development costs to Inventories related to the sale of 150 platted lots in fiscal 2018. The $196,500 balance are capitalized development costs not related to the sale of 150 platted lots.