Annual report pursuant to Section 13 and 15(d)

PARTICIPATING INTERESTS IN EXPORT WATER (Tables)

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PARTICIPATING INTERESTS IN EXPORT WATER (Tables)
12 Months Ended
Aug. 31, 2014
Participating Interests In Export Water Tables  
Schedule of remaining third party obligation

As a result of the acquisitions, and due to the sale of Export Water, as detailed in the table below, the remaining potential third party obligation at August 31, 2014, is approximately $1 million:

 

    Export Water Proceeds Received     Initial Export Water Proceeds to Pure Cycle     Total Potential Third party Obligation     Paticipating Interests Liability     Contingency  
Original balances   $ –     $ 218,500     $ 31,807,700     $ 11,090,600     $ 20,717,100  
Activity from inception until August 31, 2012:                                  
  Acquisitions     –       28,077,500       (28,077,500 )     (9,790,000 )     (18,287,500 )
  Option payments - Sky Ranch                                        
      and The Hills at Sky Ranch     110,400       (42,300 )     (68,100 )     (23,800 )     (44,300 )
  Arapahoe County tap fees *     533,000       (373,100 )     (159,900 )     (55,800 )     (104,100 )
  Export Water sale payments     111,300       (77,900 )     (33,400 )     (12,100 )     (21,300 )
Balance at August 31, 2012     754,700       27,802,700       3,468,800       1,208,900       2,259,900  
Fiscal 2013 activity:                                        
  Export Water sale payments     158,000       (110,600 )     (47,400 )     (16,000 )     (31,400 )
Balance at August 31, 2013     912,700       27,692,100       3,421,400       1,192,900       2,228,500  
Fiscal 2014 activity:                                        
  Export Water sale payments   91,600       (73,700 )     (17,900 )     (6,200 )     (11,700 )
  Relinquishment             2,386,400       (2,386,400 )     (832,100 )     (1,554,300 )
Balance at August 31, 2014   $ 1,004,300     $ 30,004,800     $ 1,017,100     $ 354,600     $ 662,500