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WATER AND LAND ASSETS (Tables)
 9 Months Ended
May 31, 2018
WATER AND LAND ASSETS [Abstract]  
Investment in Water and Water Systems
The Company’s Investments in Water and Water Systems consist of the following costs and accumulated depreciation and depletion at May 31, 2018 and August 31, 2017:
 
  
May 31, 2018
  
August 31, 2017
 
  
Costs
  
Accumulated
Depreciation
and Depletion
  
Costs
  
Accumulated
Depreciation and
Depletion
 
Rangeview water supply
 
$
14,805,500
  
$
(12,100
)
 
$
14,529,600
  
$
(10,600
)
Sky Ranch water rights and other costs
  
7,342,400
   
(523,100
)
  
6,725,000
   
(436,300
)
Fairgrounds water and water system
  
2,899,900
   
(1,040,900
)
  
2,899,900
   
(974,800
)
Rangeview water system
  
1,652,400
   
(247,700
)
  
1,639,000
   
(207,000
)
WISE partnership
  
3,114,100
   
-
   
3,114,100
   
-
 
Water supply – other
  
1,177,700
   
(486,700
)
  
944,800
   
(401,300
)
Wild Pointe service rights
  
1,631,800
   
(251,400
)
  
1,631,700
   
(213,000
)
Sky Ranch pipeline
  
4,697,800
   
(156,600
)
  
4,700,000
   
(39,200
)
Construction in progress
  
1,006,400
   
-
   
673,800
   
-
 
Totals
  
38,328,000
   
(2,718,500
)
  
36,857,900
   
(2,282,200
)
Net investments in water and water systems
 
$
35,609,500
      
$
34,575,700