Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Revenues:        
Revenues $ 3,187 $ 2,666 $ 12,123 $ 12,273
Expenses:        
Depletion and depreciation 349 358 1,055 1,077
Other 79 65 298 453
Total cost of revenues 1,394 940 4,285 4,949
General and administrative expenses 1,074 1,325 3,950 3,753
Depreciation 95 73 277 233
Operating income 624 328 3,611 3,338
Other income:        
Interest income - related party 308 284 1,196 2,660
Recognition of public improvement reimbursables - related party       17,262
Reimbursement of construction costs - related party       485
Oil and gas royalty income, net 123 97 330 248
Oil and gas lease income, net 47 48 143 148
Other, net 15 25 40 41
Interest expense, net (34)   (52)  
Income from operations before income taxes 1,083 782 5,268 24,182
Income tax expense 246 158 1,224 5,906
Net income $ 837 $ 624 $ 4,044 $ 18,276
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.03 $ 0.03 $ 0.17 $ 0.77
Diluted (in dollars per share) $ 0.03 $ 0.03 $ 0.17 $ 0.76
Weighted average common shares outstanding:        
Basic (in shares) 23,970,290 23,907,140 23,944,394 23,885,179
Diluted (in shares) 24,124,586 24,184,395 24,183,500 24,104,408
Water Service Operations [Member]        
Expenses:        
Expenses $ 560 $ 316 $ 1,419 $ 1,074
Metered Water Usage - Municipal Customers [Member]        
Revenues:        
Revenues 94 63 498 171
Metered Water Usage-Commercial Customers [Member]        
Revenues:        
Revenues 549 147 2,462 2,062
Wastewater Service Operations [Member]        
Expenses:        
Expenses 109 102 337 258
Wastewater Treatment Fees [Member]        
Revenues:        
Revenues 66 51 185 144
Land Development Construction Costs [Member]        
Expenses:        
Expenses 222 99 1,048 2,087
Water and Wastewater Tap Fees [Member]        
Revenues:        
Revenues 1,273 1,856 2,447 4,522
Lot Sales [Member]        
Revenues:        
Revenues 1,070 445 5,644 3,316
Project Management Fees - Recognized [Member]        
Revenues:        
Revenues 81 23 529 1,571
Single Family Rentals [Member]        
Revenues:        
Revenues 25   59  
Expenses:        
Expenses 9   16  
Special Facility Projects and Other [Member]        
Revenues:        
Revenues 29 $ 81 299 $ 487
Project Management Costs [Member]        
Expenses:        
Expenses $ 66   $ 112