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SEGMENT REPORTING (Tables) | 12 Months Ended
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Aug. 31, 2024
SEGMENT REPORTING |
Segment Reporting | The tables below present the measure of profit and assets the CODM uses to assess the performance of the segment for the periods presented: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended August 31, 2024
(In thousands) |  | Water and wastewater resource development |  | Land development | ​ | Single-family rental |  | Total
Total revenue |  | $ | 11,561 |  | $ | 16,705 | ​ | $ | 481 |  | $ | 28,747
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of revenue | ​ |  | 3,777 | ​ |  | 3,519 | ​ |  | 188 | ​ |  | 7,484
Depreciation and depletion | ​ |  | 1,504 | ​ |  | — | ​ |  | — | ​ |  | 1,504
Total cost of revenue | ​ |  | 5,281 | ​ |  | 3,519 | ​ |  | 188 | ​ |  | 8,988
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment (loss) profit | ​ | $ | 6,280 | ​ | $ | 13,186 | ​ | $ | 293 | ​ | $ | 19,759
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended August 31, 2023
(In thousands) |  | Water and wastewater resource development |  | Land development | ​ | Single-family rental |  | Total
Total revenue | ​ | $ | 7,323 | ​ | $ | 7,098 | ​ | $ | 165 | ​ | $ | 14,586
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of revenue | ​ |  | 2,923 | ​ |  | 1,892 | ​ |  | 73 | ​ |  | 4,888
Depreciation and depletion | ​ |  | 1,658 | ​ |  | — | ​ |  | — | ​ |  | 1,658
Total cost of revenue | ​ |  | 4,581 | ​ |  | 1,892 | ​ |  | 73 | ​ |  | 6,546
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment profit | ​ | $ | 2,742 | ​ | $ | 5,206 | ​ | $ | 92 | ​ | $ | 8,040
​ The following table summarizes the Company’s total assets by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment; land, land development costs and deposits in the Company’s land development segment; and the cost of the homes in the single-family rental line. The Company’s other assets (“Corporate”) primarily consist of cash, cash equivalents, restricted cash, equipment, and related party notes receivables. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) |  | August 31, 2024 |  | August 31, 2023
Water and wastewater resource development | ​ | $ | 64,616 | ​ | $ | 63,129
Land development | ​ | ​ | 8,521 | ​ | ​ | 7,710
Single-family rental | ​ | ​ | 5,371 | ​ | ​ | 5,128
Corporate | ​ | ​ | 68,846 | ​ | ​ | 57,249
Total assets | ​ | $ | 147,354 | ​ | $ | 133,216
​

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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