XML 22 R24.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
SEGMENT INFORMATION (Tables)
3 Months Ended
Nov. 30, 2019
SEGMENT INFORMATION [Abstract]  
Information by Segments
The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

  
Three Months Ended November 30,
 
  
2019
  
2018
 
Wholesale water and wastewater services
 
$
1,919,386
  
$
1,691,353
 
Land development activities
  
8,541,643
   
1,381,196
 
Total revenues
 
$
10,461,029
  
$
3,072,549
 

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

  
Three Months Ended November 30,
 
  
2019
  
2018
 
Wholesale water and wastewater services
 
$
1,396,447
  
$
1,163,073
 
Land development activities
  
6,753,810
   
82,872
 
Depreciation, general and administrative expenses
  
(500,673
)
  
(611,973
)
Total pretax income
 
$
7,649,584
  
$
633,972
 

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 and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

  
November 30, 2019
  
August 31, 2019
 
Wholesale water and wastewater services
 
$
52,547,240
  
$
51,588,079
 
Land development activities
  
9,193,174
   
16,866,542
 
Corporate
  
27,189,095
   
15,266,783
 
Total assets
 
$
88,929,509
  
$
83,721,404