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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) | 3 Months Ended
--- | ---
Nov. 30, 2017 | Nov. 30, 2016
Revenues: |  |  |  |
Metered water usage |  | $ 922,573 |  | $ 141,101
Wastewater treatment fees |  | 11,189 |  | 12,323
Special facility funding recognized |  | 0 |  | 10,377
Water tap fees recognized |  | 49,948 |  | 3,574
Other |  | 26,422 |  | 31,723
Total revenues |  | 1,010,132 |  | 199,098
Expenses: |  |  |  |
Water service operations |  | (351,816) |  | (79,865)
Wastewater service operations |  | (5,987) |  | (7,576)
Depletion and depreciation |  | (55,945) |  | (41,805)
Other |  | (16,451) |  | (16,261)
Total cost of revenues |  | (430,199) |  | (145,507)
Gross profit |  | 579,933 |  | 53,591
General and administrative expenses |  | (660,983) |  | (443,240)
Depreciation |  | (119,040) |  | (73,987)
Operating loss |  | (200,090) |  | (463,636)
Other income (expense): |  |  |  |
Oil and gas lease income, net |  | 9,289 |  | 5,265
Oil and gas royalty income, net |  | 41,762 |  | 68,128
Interest income |  | 54,462 |  | 73,566
Other |  | (2,615) |  | (2,615)
Net loss from continuing operations |  | (97,192) |  | (319,292)
Income (loss) from discontinued operations, net of taxes |  | 581 |  | (18,680)
Net loss |  | (96,611) |  | (337,972)
Unrealized holding gains (losses) |  | 19,622 |  | (22,211)
Total comprehensive loss |  | $ (76,989) |  | $ (360,183)
Basic and diluted net income (loss) per common share – Loss from continuing operations |  |  | [1] | $ (0.01)
Basic and diluted net income (loss) per common share – Income (loss) from discontinued operations | [1] |  |  |
Basic and diluted net income (loss) per common share – Net loss |  |  | [1] | $ (0.01)
Weighted average common shares outstanding–basic and diluted |  | 23,754,098 |  | 23,754,098
[1] | Amount is less than $.01 per share

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