Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details)

v2.4.0.8
LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details) (USD $)
 3 Months Ended 60 Months Ended
Nov. 30, 2013
Aug. 31, 2013
Export Water Proceeds Received
    
Balance, beginning $ 912,700  
Option payments   110,400
Arapahoe Tap fees   533,000 [1]
Export Water Sale Payments 16,100 269,300
Balance, ending 928,800 912,700
Initial Export Water Proceeds To Pure Cycle
    
Balance, original   218,500
Balance, beginning 27,692,100  
Acquisitions   28,077,500
Option payments   (42,300)
Arapahoe Tap fees   (373,100) [1]
Export Water Sale Payments (11,270) (188,500)
Balance, ending 27,680,830 27,692,100
Total Potential Third Party Obligation
    
Balance, original   31,807,700
Balance, beginning 3,421,400  
Acquisitions   (28,077,500)
Option payments   (68,100)
Arapahoe Tap fees   (159,900) [1]
Export Water Sale Payments (4,830) (80,800)
Balance, ending 3,416,570 3,421,400
Participating Interests Liability
    
Balance, original   11,090,600
Balance, beginning 1,192,900  
Acquisitions   (9,790,000)
Option payments   (23,800)
Arapahoe Tap fees   (55,800) [1]
Export Water Sale Payments (1,700) (28,100)
Balance, ending 1,191,200 1,192,900
Contingency
    
Balance, original   20,717,100
Balance, beginning 2,228,500  
Acquisitions   (18,287,500)
Option payments   (44,300)
Arapahoe Tap fees   (104,100) [1]
Export Water Sale Payments (3,130) (52,700)
Balance, ending $ 2,225,370 $ 2,228,500
[1] The Arapahoe County tap fees are less $34,522 in royalties paid to the Land Board.