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Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | ||
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Feb. 29, 2012
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Feb. 28, 2011
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Feb. 29, 2012
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Feb. 28, 2011
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| Revenues: | ||||
| Metered water usage | $ 24,439 | $ 25,285 | $ 66,000 | $ 61,601 |
| Wastewater treatment fees | 11,582 | 17,719 | 23,629 | 35,438 |
| Recognition of deferred revenues: | ||||
| Special facility funding | 10,377 | 10,377 | 20,754 | 20,754 |
| Water tap fees | 3,574 | 3,574 | 7,148 | 7,148 |
| Total revenues | 49,972 | 56,955 | 117,531 | 124,941 |
| Cost of revenues: | ||||
| Water service operations | (12,596) | (7,154) | (31,717) | (21,709) |
| Wastewater service operations | (4,585) | (4,606) | (10,515) | (9,416) |
| Depletion and depreciation | (22,063) | (22,069) | (44,190) | (44,200) |
| Total cost of revenues | (39,244) | (33,829) | (86,422) | (75,325) |
| Gross margin | 10,728 | 23,126 | 31,109 | 49,616 |
| Expenses: | ||||
| General and administrative expenses | (583,730) | (767,095) | (1,183,231) | (1,188,565) |
| Depreciation | (55,020) | (53,121) | (108,492) | (106,194) |
| Operating loss | (628,022) | (797,090) | (1,260,614) | (1,245,143) |
| Other income (expense): | ||||
| Interest income | 13,791 | 10,344 | 29,578 | 27,094 |
| Recognition of oil and gas lease deferred income | 103,618 | 207,238 | ||
| Other | 9,414 | 20,455 | 12,264 | 21,945 |
| Interest imputed on the Tap Participation Fee payable to HP A&M | (862,400) | (954,000) | (1,713,800) | (1,894,000) |
| Interest expense on Convertible Note - related party | (60,667) | (151,667) | ||
| Net loss | $ (1,363,599) | $ (1,780,958) | $ (2,725,334) | $ (3,241,771) |
| Net loss per common share - basic and diluted | $ (0.06) | $ (0.08) | $ (0.11) | $ (0.15) |
| Weighted average common shares outstanding - basic and diluted | 24,037,596 | 23,112,616 | 24,037,596 | 22,284,899 |
| X | ||||||||||
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- Definition
The amount of previously reported deferred or unearned revenue related to construction funding that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method. No definition available.
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- Definition
The amount of previously reported deferred or unearned revenue related to water taps sold that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method. No definition available.
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- Definition
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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- Definition
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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- Details
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- Definition
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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- Definition
Interest expense related to convertible debt instruments which has been recognized for the period, including the contractual interest coupon and amortization of the debt discount, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
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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- Definition
Total fees and commissions earned from providing services such as leasing of space or maintaining: (1) depositor accounts; (2) transfer agent; (3) fiduciary and trust; (4) brokerage and underwriting; (5) mortgage; (6) credit cards; (7) correspondent clearing; and (8) other such services and activities performed for others. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
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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- Definition
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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- Definition
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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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
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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- Definition
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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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
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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- Details
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- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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