SEGMENT INFORMATION (Details) - USD ($) |
Feb. 29, 2020 |
Aug. 31, 2019 |
Feb. 28, 2019 |
|---|---|---|---|
| Additions to non-current assets | $ 72,307,210 | $ 70,414,515 | |
| Reportable segment assets | 75,148,173 | 72,855,918 | |
| Reportable segment liabilities | 18,636,160 | $ 15,036,955 | |
| Segment [Member] | |||
| Additions to non-current assets | 2,726,000 | $ 9,004,000 | |
| Reportable segment assets | 75,148,000 | 47,263,000 | |
| Reportable segment liabilities | 18,636,000 | 9,416,000 | |
| Segment [Member] | Oil Extraction [Member] | |||
| Additions to non-current assets | 2,116,000 | 7,204,000 | |
| Reportable segment assets | 41,123,000 | 36,516,000 | |
| Reportable segment liabilities | 17,636,000 | 9,247,000 | |
| Segment [Member] | Mining Operations [Member] | |||
| Additions to non-current assets | 610,000 | 1,800,000 | |
| Reportable segment assets | 34,025,000 | 10,747,000 | |
| Reportable segment liabilities | $ 1,000,000 | $ 169,000 |
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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