Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Cash flows from operating activities:    
Net loss $ (655,263) $ (368,240)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and depletion 257,639 199,057
Investment in Well Enhancement Recover Systems, LLC 4,267 5,334
Stock-based compensation expense 104,495 108,878
Interest income and other non-cash items (34,997) (10,677)
Interest added to receivable from related parties (12,476) (16,436)
Changes in operating assets and liabilities:    
Trade accounts receivable 102,670 307,461
Sky Ranch Receivable 0 (5,521)
Prepaid expenses (134,927) (130,702)
Notes receivable - related parties (53,608) (12,757)
Accounts payable and accrued liabilities (185,377) (491,750)
Income taxes 0 (292,729)
Deferred revenues (27,902) (27,901)
Deferred oil & gas lease payment (12,000) (322,860)
Net cash used in operating activities from continuing operations (647,479) (1,058,843)
Net cash provided by operating activities from discontinued operations 111,180 833,666
Net cash used in operating activities (536,299) (225,177)
Cash flows from investing activities:    
Sale (purchase) of short-term investments 7,218,350 (19,998,992)
Purchase of long-term investments 0 (10,000,000)
Investments in water, water systems, and land (4,596,397) (270,105)
Purchase of property and equipment (29,542) (411,922)
Net cash provided by (used in) investing activities from continuing operations 2,592,411 (30,681,019)
Net cash provided by investing activities from discontinued operations 0 0
Net cash provided by (used in) investing activities 2,592,411 (30,681,019)
Cash flows from financing activities:    
Payments to contingent liability holders (1,909) (1,453)
Net cash used in financing activities from continuing operations (1,909) (1,453)
Net cash provided by financing activities from discontinued operations 0 0
Net cash used in financing activities (1,909) (1,453)
Net change in cash and cash equivalents 2,054,203 (30,907,649)
Cash and cash equivalents - beginning of period 4,697,288 37,089,041
Cash and cash equivalents - end of period 6,751,491 6,181,392
SUPPLEMENTAL DISCLSOURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Investments in water assets through accounts payable 1,141,373 0
Retirement of Collateral Stock $ 0 $ 1,407,000