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SIGNIFICANT CUSTOMERS
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12 Months Ended |
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Aug. 31, 2014
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| Significant Customers | |
| SIGNIFICANT CUSTOMERS |
The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements. Sales to the District accounted for 9%, 34%, and 86% of the Companys total revenues for the years ended August 31, 2014, 2013 and 2012, respectively. The District had one significant customer, the Ridgeview Youth Services Center. Pursuant to the Rangeview Water Agreements the Company is providing water and wastewater services to this customer on behalf of the District. The Districts significant customer accounted for 7%, 28%, and 53% of the Companys total revenues for the years ended August 31, 2014, 2013 and 2012, respectively.
Revenues from another Customer directly and indirectly represented approximately 88% and 59% of the Companys water and wastewater revenues for the fiscal years ended August 31, 2014 and 2013. The Company had no revenues from this customer for the fiscal year ended August 31, 2012.
The Company had accounts receivable from the District which accounted for 5% and 14% of the Companys trade receivables balances at August 31, 2014 and 2013, respectively. Accounts receivable from the Districts largest customer accounted for 4% and 12% of the Companys trade receivables as of August 31, 2014, and 2013, respectively. |