SEGMENT REPORTING (Tables)

12 Months Ended

Aug. 31, 2022

SEGMENT REPORTING [Abstract]

Segment Reporting

The tables below present the measure of profit and assets the CODM uses to assess the performance of the segment for the periods presented:

	Year Ended August 31, 2022
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	10,051	$	12,870	$	82	$	23,003
Cost of revenue		2,700		2,166		23		4,889
Depreciation and depletion		1,740		—		—		1,740
Total cost of revenue		4,440		2,166		23		6,629
Segment profit	$	5,611	$	10,704	$	59	$	16,374
	Year Ended August 31, 2021
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	9,656	$	7,469	$	—	$	17,125
Cost of revenue		2,410		2,535		—		4,945
Depreciation and depletion		1,457		—		—		1,457
Total cost of revenue		3,867		2,535		—		6,402
Segment profit	$	5,789	$	4,934	$	—	$	10,723

The following table summarizes the Company’s total assets by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment; land, land development costs and deposits in the Company’s land development segment; and the cost of the homes in the single-family rental line. The Company’s other assets (“Corporate”) primarily consist of cash, cash equivalents, restricted cash, equipment, and related party notes receivables.

(In thousands)	August 31, 2022		August 31, 2021
Water and wastewater resource development	$	63,064	$	57,791
Land development		25,522		32,844
Single-family rental		1,715		—
Corporate		38,928		26,542
Total assets	$	129,229	$	117,177