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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) | 12 Months Ended |  |  |
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Aug. 31, 2024 USD ($) a item segment payment acre ft | Aug. 31, 2023 USD ($) acre ft | May 31, 2024 USD ($) | May 31, 2023 USD ($) | Aug. 31, 2022 USD ($)
Revenue Recognition [Abstract] |  |  |  |  |
Number of business lines | segment | 2 |  |  |  |
Water usage, service fee, per single family equivalent number of persons in single family house | item | 4 |  |  |  |
Revenues | $ 28,747,000 | $ 14,586,000 |  |  |
Deferred revenue | $ 2,173,000 | $ 1,730,000 | $ 1,561,000 | $ 3,488,000 | $ 4,845,000
Land [Abstract] |  |  |  |  |
Area of land (in acres) | a | 930 |  |  |  |
Metered water usage |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Water delivered to customers | acre ft | 1,818 | 964 |  |  |
Percentage of water used for oil and gas exploration | 77.00% | 64.00% |  |  |
Special Facility Funding Recognized |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | $ 100,000 |  |  |  |
Special Facility Funding Recognized | Maximum |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues |  | $ 100,000 |  |  |
Water Tap and Construction Fee |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Deferred revenue | 0 | 0 |  |  |
Consulting Fees | Maximum |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | 100,000 | 100,000 |  |  |
Wastewater Tap Fees |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | 500,000 | 500,000 |  |  |
Lot sales |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | $ 15,998,000 | 6,815,000 |  |  |
Lot Sales - Agreement with Builder |  |  |  |  |
Land [Abstract] |  |  |  |  |
Number of milestone payments | payment | 3 |  |  |  |
Lot Sales - Agreement with Builder | Maximum |  |  |  |  |
Land [Abstract] |  |  |  |  |
Expected delivery period for lots sold | 1 year |  |  |  |
Phase 1 Development |  |  |  |  |
Land [Abstract] |  |  |  |  |
Number of lots | item | 509 |  |  |  |
Finished lots sold | item | 505 |  |  |  |
Phase 1 Development | Homebuilder | Related Party | Sky Ranch CAB |  |  |  |  |
Land [Abstract] |  |  |  |  |
Number of customers | item | 3 |  |  |  |
Phase 2 Development |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | $ 16,000,000.0 | 6,800,000 |  |  |
Land [Abstract] |  |  |  |  |
Number of lots | item | 886 |  |  |  |
Number of lots under contract with homebuilder | item | 792 |  |  |  |
Number of lots retained for use in build-to-rent business | item | 94 |  |  |  |
Number of subphases | item | 4 |  |  |  |
Phase 2A |  |  |  |  |
Land [Abstract] |  |  |  |  |
Cumulative proceeds from sale of lots | $ 18,400,000 |  |  |  |
Deferred revenue related to lots sold | $ 100,000 |  |  |  |
Number of lots under contract with homebuilder | item | 219 |  |  |  |
Number of lots retained for use in build-to-rent business | item | 10 |  |  |  |
Number of lots to be constructed in a subphase | item | 229 |  |  |  |
Cumulative revenue recognized | $ 18,300,000 |  |  |  |
Percentage of completion of buildings. | 99.00% |  |  |  |
Phase 2B |  |  |  |  |
Land [Abstract] |  |  |  |  |
Cumulative proceeds from sale of lots | $ 17,300,000 |  |  |  |
Deferred revenue related to lots sold | $ 1,300,000 |  |  |  |
Number of lots under contract with homebuilder | item | 194 |  |  |  |
Number of lots retained for use in build-to-rent business | item | 17 |  |  |  |
Number of lots to be constructed in a subphase | item | 211 |  |  |  |
Cumulative revenue recognized | $ 16,000,000.0 |  |  |  |
Percentage of completion of buildings. | 92.00% |  |  |  |
Phase 2C |  |  |  |  |
Land [Abstract] |  |  |  |  |
Cumulative proceeds from sale of lots | $ 3,400,000 |  |  |  |
Deferred revenue related to lots sold | $ 700,000 |  |  |  |
Number of lots under contract with homebuilder | item | 188 |  |  |  |
Number of lots retained for use in build-to-rent business | item | 40 |  |  |  |
Number of lots to be constructed in a subphase | item | 228 |  |  |  |
Cumulative revenue recognized | $ 2,700,000 |  |  |  |
Percentage of completion of buildings. | 27.00% |  |  |  |
Water tap fee recognized excluding waste water tap fee |  |  |  |  |
Revenue Recognition [Abstract] |  |  |  |  |
Revenues | $ 2,900,000 | $ 2,500,000 |  |  |

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