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SEGMENT INFORMATION (Tables)

6 Months Ended

Feb. 28, 2019

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 February 28,								Six Month Ended February 28
		2019				2018				2019				2018
Wholesale water and wastewater services		$	684,038			$	844,661			$	2,375,391			$	1,854,793
Land development activities			1,946,381				—				3,327,577				-
Total revenues		$	2,630,419			$	844,661			$	5,702,968			$	1,854,793

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

		Three Months Ended February 28,								Six Months Ended February 28,
		2019				2018				2019				2018
Wholesale water and wastewater services		$	257,509			$	564,924			$	1,420,582			$	1,080,204
Land development activities			116,783				—				199,655				-
Corporate			(470,317	)			(464,762	)			(1,082,290	)			(1,076,653	)
Total pretax income (loss)		$	(96,025	)		$	100,162			$	537,947			$	3,551

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.

		February 28, 2019				August 31, 2018
Wholesale water and wastewater services		$	41,993,268			$	36,721,884
Land development activities			16,732,957				9,497,106
Corporate			15,619,708				25,687,625
Total assets		$	74,345,933			$	71,906,615

X

- 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)
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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

No definition available.

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