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WATER AND LAND ASSETS (Tables)
 3 Months Ended
Nov. 30, 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 November 30, 2018 and August 31, 2018:

  
November 30, 2018
  
August 31, 2018
 
  
Costs
  
Accumulated
Depreciation
and Depletion
  
Costs
  
Accumulated
Depreciation
and Depletion
 
Rangeview water supply
 
$
14,818,200
  
$
(13,400
)
 
$
14,813,800
  
$
(12,800
)
Sky Ranch water rights and other costs
  
7,237,100
   
(602,900
)
  
7,171,700
   
(561,400
)
Fairgrounds water and water system
  
2,899,900
   
(1,084,900
)
  
2,899,900
   
(1,062,900
)
Rangeview water system
  
1,823,700
   
(274,800
)
  
1,655,600
   
(261,200
)
Water supply – other
  
4,431,000
   
(686,400
)
  
4,337,200
   
(625,300
)
Wild Pointe service rights
  
1,631,700
   
(267,700
)
  
1,631,700
   
(267,700
)
Sky Ranch pipeline
  
5,688,900
   
(269,000
)
  
5,615,900
   
(222,000
)
Construction in progress
  
3,578,300
   
—
   
1,609,400
   
—
 
Totals
  
42,108,800
   
(3,199,100
)
  
39,735,200
   
(3,013,300
)
Net investments in water and water systems
 
$
38,909,700
      
$
36,721,900