Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Revenues:        
Total revenues $ 3,197 $ 2,999 $ 8,583 $ 4,339
Expenses:        
Depletion and depreciation 360 461 722 839
Other 86 141 232 247
Total cost of revenues 1,420 1,410 3,464 2,736
General and administrative expenses 1,997 1,707 3,435 3,095
Depreciation 148 122 296 237
Operating (loss) income (368) (240) 1,388 (1,729)
Other income (expense):        
Interest income - Investments 286 218 594 446
Oil and gas royalty income, net 53 67 87 183
Oil and gas lease income, net 20 19 38 38
Other, net 64 (1) 134 1,217
Interest expense, net (111) (47) (219) (97)
Income from operations before income taxes 159 279 2,961 568
Income tax expense 41 90 778 220
Net income $ 118 $ 189 $ 2,183 $ 348
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.00 $ 0.01 $ 0.09 $ 0.01
Diluted (in dollars per share) $ 0.00 $ 0.01 $ 0.09 $ 0.01
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,086,826 24,023,775 24,084,773 24,004,677
Weighted average common shares outstanding, Diluted (in shares) 24,149,195 24,142,300 24,149,524 24,114,089
Related Party        
Other income (expense):        
Interest income $ 215 $ 263 $ 939 $ 510
Water Service Operations [Member]        
Expenses:        
Expenses 511 402 1,064 881
Metered Water Usage - Municipal Customers [Member]        
Revenues:        
Total revenues 111 83 313 204
Metered Water Usage-Commercial Customers [Member]        
Revenues:        
Total revenues 1,481 59 3,613 451
Wastewater Service Operations [Member]        
Expenses:        
Expenses 181 116 340 254
Wastewater Treatment Fees [Member]        
Revenues:        
Total revenues 87 78 173 141
Land Development Construction Costs [Member]        
Expenses:        
Expenses 81 197 769 340
Water and Wastewater Tap Fees        
Revenues:        
Total revenues   994 581 1,144
Lot Sales        
Revenues:        
Total revenues 1,215 1,391 3,111 1,904
Project Management Fees - Recognized        
Revenues:        
Total revenues 41 123 141 131
Single Family Rentals [Member]        
Revenues:        
Total revenues 125 31 234 56
Expenses:        
Expenses 33 19 90 29
Special Facility Projects and Other [Member]        
Revenues:        
Total revenues 137 240 417 308
Project Management Costs [Member]        
Expenses:        
Expenses $ 168 $ 74 $ 247 $ 146