Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Cash flows from operating activities:    
Net income $ 159 $ 1,514
Adjustments to reconcile net income to net cash used by operating activities:    
Trade accounts receivable 1,185 315
Depreciation and depletion 493 439
Prepaid expenses 153 141
Taxes payable (36) (2,978)
Share-based compensation expense 93 112
Deferred income taxes 166 6
Deferred water sales revenue (18) (139)
Amortized discount on U.S. Treasury Bills (113)  
Other assets and liabilities (149) (1)
Deferred lot sale revenues (386) 836
Accounts payable and accrued liabilities (904) (1,156)
Land under development   (422)
Net cash used by operating activities (758) (5,954)
Cash flows from investing activities:    
Purchase of U.S. Treasury Bills (15,000)  
Construction costs of single-family rentals (1,026) (142)
Investments in water and water systems (563) (652)
Investments in future development phases at Sky Ranch (514) (1,419)
Purchase of property and equipment (76) (35)
Net cash used by investing activities (17,179) (2,248)
Cash flows from financing activities:    
Payments to contingent liability holders (111)  
Payments on notes payable (3)  
Proceeds from notes payable   1,000
Net cash (used) provided by financing activities (114) 1,000
Net change in cash, cash equivalents and restricted cash (18,051) (7,202)
Cash, cash equivalents and restricted cash - beginning of period 37,222 22,444
Cash, cash equivalents and restricted cash - end of period 19,171 15,242
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 16,843 12,914
Restricted cash 2,328 2,328
Total cash, cash equivalents and restricted cash 19,171 15,242
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes   3,450
Cash paid for interest 48  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 104 2,049
Issuance of stock for compensation 12  
Rangeview District [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party (122) 102
Sky Ranch CAB [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party $ (1,279) $ (4,723)