Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
 3 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Revenues:    
Metered water usage $ 46,618 $ 41,561
Wastewater treatment fees 10,758 12,047
Farm income 362,663  
Special facility funding recognized 10,377 10,377
Water tap fees recognized 3,574 3,574
Other 4,429  
Total revenues 438,419 67,559
Expenses:    
Farm operations (19,013)  
Depletion and depreciation (22,147) (22,127)
Other (853)  
Total cost of revenues (71,494) (47,178)
Gross margin 366,925 20,381
General and administrative expenses (838,064) (599,501)
Depreciation (55,467) (53,472)
Operating loss (526,606) (632,592)
Other income (expense):    
Oil and gas lease income, net 103,620 103,620
Interest income 8,921 15,787
Other 1,996 2,850
Interest expense (26,873)  
Interest imputed on the Tap Participation Fee payable to HP A&M (894,648) (851,400)
Net loss (1,333,590) (1,361,735)
Unrealized loss on marketable securities (934) 2,428
Comprehensive loss (1,334,524) (1,359,307)
Net loss per common share – basic and diluted (in Dollars per share) $ (0.06) $ (0.06)
Weighted average common shares outstanding – basic and diluted (in Shares) 24,037,596 24,037,596
Water Service [Member]
    
Expenses:    
Service Operations (26,152) (19,121)
Wastewater Service [Member]
    
Expenses:    
Service Operations $ (3,329) $ (5,930)