Statements of Operations (USD $)	3 Months Ended
Nov. 30, 2011	Nov. 30, 2010
Revenues:
Metered water usage	$ 41,561	$ 36,316
Wastewater treatment fees	12,047	17,719
Recognition of deferred revenues:
Special Facility funding	10,377	10,377
Water tap fees	3,574	3,574
Total revenues	67,559	67,986
Expenses:
Water service operations	(19,121)	(14,555)
Wastewater service operations	(5,930)	(4,810)
Depletion and depreciation	(22,127)	(22,131)
Total cost of revenues	(47,178)	(41,496)
Gross margin	20,381	26,490
General and administrative expenses	(599,501)	(421,470)
Depreciation	(53,472)	(53,073)
Operating loss	(632,592)	(448,053)
Other income (expense):
Oil and gas lease	103,620
Interest income	15,787	16,750
Other	2,850	1,490
Interest imputed on the Tap Participation Fee payable to HP A&M	(851,400)	(940,000)
Interest expense on Convertible Note - related party		(91,000)
Net loss	$ (1,361,735)	$ (1,460,813)
Net loss per common share -basic and diluted	$ (0.06)	$ (0.07)
Weighted average common shares outstanding -basic and diluted	24,037,596	21,466,277

The amount of previously reported deferred or unearned revenue related to construction funding that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method.

No definition available.