CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
May 31, 2019
Aug. 31, 2018
Current Assets:    
Cash and cash equivalents $ 3,581,310 $ 11,565,038
Short-term investments 6,189,143 8,717,967
Trade accounts receivable, net 594,249 1,067,268
Prepaid expenses and other current assets 2,634,164 1,372,886
Inventories 12,693,514 5,195,059
Total current assets 25,692,380 27,918,218
Long-term investments 0 190,370
Investments in water and water systems, net 43,614,590 36,721,884
Land and mineral interests 4,821,728 4,659,569
Notes receivable - related parties, including accrued interest 971,176 906,199
Other assets 1,007,458 777,734
Long-term land investment 450,641 450,641
Deferred tax asset 282,000 282,000
Total assets 76,839,973 71,906,615
Current liabilities:    
Accounts payable 461,830 787,662
Accrued liabilities 2,627,069 849,538
Deferred revenues, current 1,631,797 361,050
Deferred oil and gas lease payment and contracts, current 196,255 55,733
Total current liabilities 4,916,951 2,053,983
Deferred revenues, less current portion 18,578 60,378
Participating interests in Export Water Supply 333,033 339,035
Total liabilities 5,268,562 2,453,396
Preferred stock:    
Series B - par value $.0.001 per share, 25 million shares authorized; 432,513 shares issued and outstanding (liquidation preference of $432,513) 433 433
Common stock:    
Par value 1/3 of $.01 per share, 40 million shares authorized; 23,801,598 and 23,764,098 shares outstanding, respectively 79,344 79,218
Additional paid-in capital 172,203,831 171,831,293
Accumulated other comprehensive income 12,656 66,446
Accumulated deficit (100,724,853) (102,524,171)
Total shareholders' equity 71,571,411 69,453,219
Total liabilities and shareholders' equity $ 76,839,973 $ 71,906,615