The Company sells wholesale water and wastewater services to Rangeview pursuant to the Rangeview Water Agreements (defined in Note 4 – Water and Land Assets in Part II, Item 8 of the 2016 Annual Report). Sales to Rangeview accounted for 27% and 76% of the Company’s total water and wastewater revenues for the three months ended February 28, 2017 and February 29, 2016, respectively. Sales to Rangeview accounted for 28% and 66% of the Company’s total water and wastewater revenues for the six months ended February 28, 2017 and February 29, 2016, respectively. Rangeview has one significant customer. Pursuant to the Rangeview Water Agreements, the Company is providing water and wastewater services to this customer on behalf of Rangeview. Rangeview’s significant customer accounted for 16% and 89% of the Company’s total water and wastewater revenues for the three months ended February 28, 2017 and February 29, 2016, respectively. Rangeview’s significant customer accounted for 23% and 76% of the Company’s total water and wastewater revenues for the six months ended February 28, 2017 and February 29, 2016, respectively.

Revenues related to the provision of water for the oil and gas industry to one customer accounted for 70% and 62% of the Company’s water and wastewater revenues for the three and six months ended February 28, 2017, respectively. The Company had no revenues related to the provision of water for the oil and gas industry for the three and six months ended February 29, 2016.

The Company had accounts receivable from Rangeview that accounted for 90% and 74% of the Company’s trade receivables balances at February 28, 2017 and August 31, 2016, respectively. Accounts receivable from Rangeview’s largest customer accounted for 74% and 63% of the Company’s trade receivables as of February 28, 2017 and August 31, 2016, respectively.