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v3.20.2

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
May 31, 2020 USD ($) BoardMember Employee acre ft | Feb. 29, 2020 USD ($) acre ft | May 31, 2020 USD ($) BoardMember Employee acre ft | Aug. 31, 2019 USD ($)
Related Party Transactions [Abstract] |  |  |  |
Notes receivable | $ 28,200 |  | $ 28,200 |
Notes receivable, principal | 25,500 |  | 25,500 |
Notes receivable, accrued interest | $ 2,700 |  | $ 2,700 |
FFAA [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Interest rate | 6.00% |  | 6.00% |
Rangeview District [Member] | Water and Wastewater Services [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Number of employee board of directors | Employee | 3 |  | 3 |
Number of independent board of directors | BoardMember | 1 |  | 1 |
Rangeview District [Member] | Water and Wastewater Services [Member] | Loans Receivable [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Interest rate | 5.25% |  | 5.25% |
Maturity date |  |  | Dec. 31, 2020 |
Renewal term |  |  | 12 months |
Rangeview District [Member] | Water and Wastewater Services [Member] | Loans Receivable [Member] | Maximum [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Loan extended, maximum capacity | $ 250,000 |  | $ 250,000 |
Rangeview District [Member] | Water and Wastewater Services [Member] | Loans Receivable [Member] | Prime Rate [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Basis spread on variable rate |  |  | 2.00% |
Rangeview District [Member] | Water and Wastewater Services [Member] | Notes Receivable [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Interest rate | 8.00% |  | 8.00% |
Notes receivable | $ 1,031,500 |  | $ 1,031,500 |
Notes receivable, principal | 590,300 |  | 590,300 |
Notes receivable, accrued interest | $ 441,200 |  | 441,200 |
Rangeview District [Member] | WISE Partnership [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Funding pursuant to participation agreement |  |  | $ 17,400 | $ 22,200
Volume of water purchased | acre ft | 0 | 400 | 400 |
Purchase of water | $ 0 | $ 582,200 | $ 582,200 |
Projected cost | 4,600,000 |  | $ 4,600,000 |
Projected financing period |  |  | 5 years |
Investments in the WISE assets | $ 6,100,000 |  | $ 6,100,000 |
Sky Ranch District [Member] | Sky Ranch Community Authority Board [Member] |  |  |  |
Related Party Transactions [Abstract] |  |  |  |
Interest rate | 6.00% |  | 6.00% |
Estimated cost | $ 30,000,000 |  | $ 30,000,000 |
Advances, net of reimbursed costs | 14,900,000 |  | 14,900,000 |
Advances included in land development inventories | 1,800,000 |  | 1,800,000 |
Advances expensed through land development construction costs | $ 13,100,000 |  | $ 13,100,000 |

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