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UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Aug. 31, 2018
UNAUDITED QUARTERLY FINANCIAL DATA [Abstract]  
UNAUDITED QUARTERLY FINANCIAL DATA
NOTE 15 – UNAUDITED QUARTERLY FINANCIAL DATA

Quarterly Results of Operations

  
2018
  
2017
 
  
Three Months Ended
  
Three Months Ended
 
In thousands, except per share data
 
Nov 30
  
Feb 28
  
May 31
  
Aug 31
  
Nov 30
  
Feb 29
  
May 31
  
Aug 31
 
Total revenues
 
$
1,010
  
$
845
  
$
1,212
  
$
3,892
  
$
199
  
$
237
  
$
134
  
$
658
 
Gross margin
  
580
   
631
   
683
   
904
   
54
   
68
   
(33
)
  
336
 
Operating loss
  
(200
)
  
(14
)
  
(88
)
  
(7
)
  
(464
)
  
(455
)
  
(631
)
  
(581
)
Discontinued operations
  
—
   
—
   
—
   
—
   
(19
)
  
(3
)
  
(11
)
  
1
 
Net income (loss)
 
$
(97
)
 
$
100
  
$
55
  
$
357
  
$
(338
)
 
$
(317
)
 
$
(554
)
 
$
(501
)
                                 
Basic and diluted income (loss) per share
 
$
*
  
$
*
  
$
*
  
$
0.01
   
(0.01
)
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.02
)

*
Amount is less than $.01 per share

The following item had a significant impact on the Company’s net income (loss):

●
In fiscal 2018, the Company sold approximately $4,044,300 ($846,400, $753,000, $1,022,300 and $1,422,600 in fiscal Q1, Q2, Q3 and Q4, respectively) in water related to oil and gas activities as compared to $478,500 ($80,300, $141,500 and $256,700 in fiscal Q1, Q2 and Q4, respectively) in fiscal 2017.