Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Revenues:    
Total revenues $ 4,868 $ 10,460
Expenses:    
Water service operations (545) (254)
Wastewater service operations (92) (26)
Land development construction costs (1,719) (8,063)
Other (24) (24)
Depletion and depreciation (365) (219)
Total cost of revenues (2,745) (8,586)
Gross profit 2,123 1,874
General and administrative expenses (1,086) (801)
Depreciation (84) (85)
Operating income 953 988
Other income:    
Oil and gas royalty income 75 270
Oil and gas lease income 52 62
Interest income 15 54
Other 10 0
Income from reimbursement of construction costs - related party 0 6,276
Net income before taxes 1,105 7,650
Income tax expense (260) (1,887)
Net income 845 5,763
Unrealized holding losses 0 (4)
Total comprehensive income $ 845 $ 5,759
Basic net income per common share (in dollars per share) $ 0.04 $ 0.24
Diluted net income per common share (in dollars per share) $ 0.04 $ 0.24
Weighted average common shares outstanding-basic (in shares) 23,867 23,827
Weighted average common shares outstanding-diluted (in shares) 24,036 24,051
Metered Water Usage - Municipal Customers [Member]    
Revenues:    
Total revenues $ 167 $ 103
Metered Water Usage - Oil and Gas [Member]    
Revenues:    
Total revenues 1,199 37
Wastewater Treatment Fees [Member]    
Revenues:    
Total revenues 42 20
Lot Sales [Member]    
Revenues:    
Total revenues 2,356 8,542
Water and Wastewater Tap Fees [Member]    
Revenues:    
Total revenues 1,083 1,672
Other [Member]    
Revenues:    
Total revenues $ 21 $ 86