XML 48 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
 3 Months Ended
Nov. 30, 2013
Segment Information  
SEGMENT INFORMATION

NOTE 10 – SEGMENT INFORMATION

  

The Company operates primarily in two lines of business: (i) the wholesale water and wastewater business; and (ii) the agricultural farming business. The Company provides wholesale water and wastewater services to customers using water rights owned by the Company and develops infrastructure to divert, treat and distribute that water and collect, treat and reuse wastewater. The Company’s agricultural business consists of the Company leasing its Arkansas River Valley land and water to area farmers under cash leases or in certain cases crop share leases. The following tables show information by operating segment for the three months ended November 30, 2013 and 2012:

 

for the three months ended November 30, 2013
 
  Business segments     
  Wholesale         
  water and         
  wastewater  Agricultural  All Other  Total
 Revenues  $344,300   $220,300   $13,900   $578,500 
 Gross profit   217,600    199,600    13,900    431,100 
 Depletion and depreciation   48,500    —      —      48,500 
 Other significant noncash items:                    
           Stock-based compensation   —      —      54,800    54,800 
            TPF interest expense   657,200    —      —      657,200 
 Segment assets   94,272,800    6,670,600    7,345,500    108,288,900 
 Expenditures for segment assets   397,300    —      —      397,300 

 

 

for the three months ended November 30, 2012
 
 
  Business segments     
  Wholesale         
  water and         
  wastewater  Agricultural  All Other   Total
 Revenues  $57,400   $362,700   $18,300   $438,400 
 Gross profit   4,900    343,700    18,300    366,900 
 Depletion and depreciation   77,600    —      —      77,600 
 Other significant noncash items:                    
           Stock-based compensation   —      —      10,600    10,600 
            TPF interest expense   894,600    —      —      894,600 
 Segment assets   96,195,400    3,586,900    11,091,300    110,873,600 
 Expenditures for segment assets   108,200    —      —      108,200 

  

 

*****