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SEGMENT INFORMATION (Tables)

3 Months Ended

Nov. 30, 2018

SEGMENT INFORMATION [Abstract]

Information by Segments

The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

		Three Months Ended November 30,
		2018				2017
Wholesale water and wastewater services		$	1,691,353			$	1,010,132
Land development activities			1,381,196				—
Total revenues		$	3,072,549			$	1,010,132

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

		Three Months Ended November 30,
		2018				2017
Wholesale water and wastewater services		$	1,163,073			$	515,279
Land development activities			82,872				—
Corporate			(611,973	)			(611,890	)
Total pretax income (loss)		$	633,972			$	(96,611	)

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 of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment. The assets consist of land, inventories and deposits in the Company’s land development segment.  The Company’s other assets primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

		November 30, 2018				August 31, 2018
Wholesale water and wastewater services		$	38,909,715			$	36,721,884
Land development activities			12,969,055				9,497,106
Corporate			19,266,649				25,687,625
Total assets		$	71,145,419			$	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

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- References

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