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, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Revenues:        
Total revenues $ 6,879 $ 3,187 $ 11,209 $ 12,123
Expenses:        
Depletion and depreciation 407 349 1,246 1,055
Other 71 79 318 298
Total cost of revenues 2,206 1,394 4,933 4,285
General and administrative expenses 805 1,074 3,900 3,950
Depreciation 111 95 348 277
Operating (loss) income 3,757 624 2,028 3,611
Other income (expense):        
Interest income - Investments 281 5 727 8
Oil and gas royalty income, net 44 123 227 330
Oil and gas lease income, net 18 47 56 143
Other, net 40 10 1,257 32
Interest expense, net (52) (31) (149) (52)
Income from operations before income taxes 4,419 1,083 4,987 5,268
Income tax expense 1,124 246 1,344 1,224
Net income $ 3,295 $ 837 $ 3,643 $ 4,044
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.14 $ 0.03 $ 0.15 $ 0.17
Diluted (in dollars per share) $ 0.14 $ 0.03 $ 0.15 $ 0.17
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,054,843 23,970,290 24,021,582 23,944,394
Weighted average common shares outstanding, Diluted (in shares) 24,166,344 24,124,586 24,131,621 24,183,500
Related Party [Member]        
Other income (expense):        
Recognition of public improvement reimbursables $ 331 $ 305 $ 841 $ 1,196
Water Service Operations [Member]        
Expenses:        
Expenses 576 560 1,457 1,419
Metered Water Usage - Municipal Customers [Member]        
Revenues:        
Total revenues 145 94 349 274
Metered Water Usage-Commercial Customers [Member]        
Revenues:        
Total revenues 2,145 549 2,596 2,686
Wastewater Service Operations [Member]        
Expenses:        
Expenses 96 109 350 337
Wastewater Treatment Fees [Member]        
Revenues:        
Total revenues 75 66 216 185
Land Development Construction Costs [Member]        
Expenses:        
Expenses 951 222 1,282 1,048
Water and Wastewater Tap Fees [Member]        
Revenues:        
Total revenues 1,256 1,273 2,400 2,447
Lot Sales [Member]        
Revenues:        
Total revenues 3,160 1,070 5,064 5,644
Project Management Fees - Recognized [Member]        
Revenues:        
Total revenues 42 81 173 529
Single Family Rentals [Member]        
Revenues:        
Total revenues 34 25 90 59
Expenses:        
Expenses 24 9 53 16
Special Facility Projects and Other [Member]        
Revenues:        
Total revenues 22 29 321 299
Project Management Costs [Member]        
Expenses:        
Expenses $ 81 $ 66 $ 227 $ 112