Quarterly report pursuant to Section 13 or 15(d)

4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details)

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4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details) - USD ($)
 9 Months Ended 233 Months Ended
May 31, 2016
Aug. 31, 2015
Export Water Proceeds Received    
Remaining Third Party Obligation:    
Balance, original   $ 0
Balance, beginning $ 1,212,600  
Acquisitions   0
Relinquishment   0
Option payments   110,400
Arapahoe Tap fees [1]   533,000
Export Water Sale Payments 39,300 569,200
Balance, ending 1,251,900 1,212,600
Initial Export Water Proceeds To Pure Cycle    
Remaining Third Party Obligation:    
Balance, original   218,500
Balance, beginning 29,786,200  
Acquisitions   28,042,500
Relinquishment   2,386,400
Option payments   (42,300)
Arapahoe Tap fees [1]   (373,100)
Export Water Sale Payments (34,600) (445,800)
Balance, ending 29,751,600 29,786,200
Total Potential Third Party Obligation    
Remaining Third Party Obligation:    
Balance, original   31,807,700
Balance, beginning 1,027,400  
Acquisitions   (28,042,500)
Relinquishment   (2,386,400)
Option payments   (68,100)
Arapahoe Tap fees [1]   (159,900)
Export Water Sale Payments (4,700) (123,400)
Balance, ending 1,022,700 1,027,400
Participating Interests Liability    
Remaining Third Party Obligation:    
Balance, original   11,090,600
Balance, beginning 346,000  
Acquisitions   (9,790,000)
Relinquishment   (832,100)
Option payments   (23,800)
Arapahoe Tap fees [1]   (55,800)
Export Water Sale Payments (1,600) (42,900)
Balance, ending 344,400 346,000
Contingency    
Remaining Third Party Obligation:    
Balance, original   20,717,100
Balance, beginning 681,400  
Acquisitions   (18,252,500)
Relinquishment   (1,554,300)
Option payments   (44,300)
Arapahoe Tap fees [1]   (104,100)
Export Water Sale Payments (3,100) (80,500)
Balance, ending $ 678,300 $ 681,400
[1] The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.