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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $) | 12 Months Ended
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Aug. 31, 2014 gal acre | Aug. 31, 2013 gal | Aug. 31, 2012 gal
Mortgage term |  | 5 years |
Mortgage interest rate |  | 5.00% |
Interest imputed on the Tap Participation Fee payable to HP A&M | $ 1,445,509 | $ 3,275,378 | $ 3,470,523
Water delivered to customers | 190,100,000 | 69,200,000 | 34,200,000
Water tap fees recognized | 14,294 | 14,294 | 14,296
Special facility (deferred construction) funding recognized | 41,508 | 41,508 | 41,508
Interest income related to construction of Special Facilities |  | 5,500 | 19,200
Number of acres for exploration and development | 634 |  |
Antidilutive securities excluded from earnings per share calculation | 315,100 | 347,600 | 215,100
Interest | 239,200 | 245,500 |
Allowance for uncollectible accounts | 26,300 | 41,100 |
Stock-based compensation expense | 251,915 | 66,812 | 54,588
County Tap And Construction Fee Deferred Revenue |  |  |
Deferred revenue | 313,300 |  |
Deferred revenue recognizable | 1,200,000 |  |
Front Range Pipeline |  |  |
Deferred revenue | 9,300 |  |
Farm Income |  |  |
Deferred revenue | 256,500 | 397,300 |
Allowance for doubtful accounts | 26,300 | 41,100 | 20,400
Oil And Gas Lease |  |  |
Deferred revenue recognizable | 1,025,500 |  |
Lease revenue from up-front payments | $ 525,400 | $ 416,000 | $ 423,000

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