Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

ACCRUED LIABILITIES

ACCRUED LIABILITIES	9 Months Ended
May 31, 2014
Accrued Liabilities
ACCRUED LIABILITIES	At May 31, 2014, the Company had accrued liabilities of $169,100, of which $59,600 was for estimated property taxes, $47,900 was for professional fees, $22,300 was for farm lease prepayments, and $39,300 related to operating payables. At August 31, 2013, the Company had accrued liabilities of $264,700, of which $156,100 was for estimated property taxes, $56,700 was for professional fees, $30,300 was for farm lease prepayments, and the remaining $21,600 related to operating payables.

ACCRUED LIABILITIES

9 Months Ended

May 31, 2014

At May 31, 2014, the Company had accrued liabilities of $169,100, of which $59,600 was for estimated property taxes, $47,900 was for professional fees, $22,300 was for farm lease prepayments, and $39,300 related to operating payables.

At August 31, 2013, the Company had accrued liabilities of $264,700, of which $156,100 was for estimated property taxes, $56,700 was for professional fees, $30,300 was for farm lease prepayments, and the remaining $21,600 related to operating payables.