SEGMENT REPORTING (Tables)

12 Months Ended

Aug. 31, 2018

SEGMENT REPORTING [Abstract]

Information by Segments

The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

	For the Fiscal Years Ended August 31,
	2018		2017		2016
Wholesale water and wastewater services	$	4,794,749	$	1,227,787	$	452,161
Total wholesale water and wastewater services revenues		4,794,749		1,227,787		452,161
Land development activities		2,164,450		—		—
Total land development activities revenues		2,164,450		—		—
Total revenues	$	6,959,199	$	1,227,787	$	452,161

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

	For the Fiscal Years Ended August 31,
	2018			2017			2016
Wholesale water and wastewater services	$	2,646,988		$	424,481		$	(76,598	)
Depreciation, general and administrative expenses, and other income		(1,375,338	)		(2,103,324	)		(1,153,661	)
Total wholesale water and wastewater services pretax income (loss)		1,271,650			(1,678,843	)		(1,230,259	)
Land development activities		150,610			—			—
Depreciation, general and administrative expenses, and other income		(1,289,580	)
Total land development activities pretax loss		(1,138,970	)		—			—
Total income (loss) from continuing operations	$	132,680		$	(1,678,843	)	$	(1,230,259	)

The following table summarizes total assets for the Company’s wholesale water and wastewater services business and land development business by segment.  The assets consist of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment. The assets consist of land, inventories and deposits in the Company’s land development segment.  The Company’s other assets primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

	August 31, 2018		August 31, 2017
Wholesale water and wastewater services	$	36,721,884	$	34,575,713
Other water and wastewater		25,687,625		35,211,859
Total wholesale water and wastewater services assets		62,409,509		69,787,572
Land development activities		9,497,106		—
Other land development		—		—
Total land development activities assets		9,497,106		—
Total assets	$	71,906,615	$	69,787,572