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SEGMENT REPORTING (Tables) | 12 Months Ended
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Aug. 31, 2019
SEGMENT REPORTING [Abstract] |
Information by Segments | The following table summarizes wholesale water and wastewater services and land development revenue information by segment (1):
|  | For the Fiscal Years Ended August 31, |
|  | 2019 |  |  | 2018 |
Wholesale water and wastewater services |  | $ | 8,405,520 |  |  | $ | 4,794,749 |
Land development activities |  |  | 11,955,989 |  |  |  | 2,164,450 |
Total wholesale water and wastewater services and land development revenues |  | $ | 20,361,509 |  |  | $ | 6,959,199 |
(1) The Company had other income from non-segment sources (oil and gas, interest and other) of $529,293 and $441,407 for the fiscal years ended August 31, 2019 and 2018, respectively. The following table summarizes wholesale water and wastewater services and land development pretax income by segment:
|  | For the Fiscal Years Ended August 31, |
|  | 2019 |  |  | 2018 |
Wholesale water and wastewater services |  | $ | 5,766,783 |  |  | $ | 2,646,988 |
Land development activities |  |  | 651,027 |  |  |  | 150,610 |
Depreciation, general and administrative expenses |  |  | (3,419,149 | ) |  |  | (3,106,325 | )
Total income (loss) from operations |  | $ | 2,998,661 |  |  | $ | (308,727 | )
The following table summarizes total assets for the Company’s wholesale water and wastewater services business and land development business by segment. The assets consist primarily of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.
|  | August 31, 2019 |  |  | August 31, 2018 |
Wholesale water and wastewater services |  | $ | 51,588,079 |  |  | $ | 36,721,884 |
Land development activities |  |  | 16,866,542 |  |  |  | 9,497,106 |
Corporate |  |  | 15,266,783 |  |  |  | 25,687,625 |
Total assets |  | $ | 83,721,404 |  |  | $ | 71,906,615 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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