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SEGMENT INFORMATION (Tables)

9 Months Ended

May 31, 2020

SEGMENT INFORMATION [Abstract]

Segment Information

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

			Three Months Ended							Nine Months Ended
			May 31, 2020		May 31, 2019					May 31, 2020				May 31, 2019
Wholesale water and wastewater services		$	1,153,951			$	2,476,570			$	4,326,207			$	4,851,961
Land development activities			696,170				2,708,093				11,503,523				6,035,670
Total revenues		$	1,850,121			$	5,184,663			$	15,829,730			$	10,887,631

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

		Three Months Ended								Nine Months Ended
		May 31, 2020				May 31, 2019				May 31, 2020				May 31, 2019
Wholesale water and wastewater services		$	603,158			$	1,802,340			$	2,621,356			$	3,222,922
Land development activities			140,390				120,021				7,342,810				319,676
Corporate			(707,273	)			(660,990	)			(1,925,548	)			(1,743,280	)
Total pretax income (loss)		$	36,275			$	1,261,371			$	8,038,618			$	1,799,318

The following table summarizes total assets 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, land development 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.

		May 31, 2020				August 31, 2019
Wholesale water and wastewater services		$	56,244,054			$	51,588,079
Land development activities			9,498,852				16,866,542
Corporate			22,466,167				15,266,783
Total assets		$	88,209,073			$	83,721,404

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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=120311839&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=120311839&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=121556970&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 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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