| Schedule of remaining third party obligation |
| |
|
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, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
– |
|
|
|
30,428,900 |
|
|
|
(30,428,900 |
) |
|
|
(10,622,100 |
) |
|
|
(19,806,800 |
) |
| 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 |
|
|
618,400 |
|
|
|
(489,100 |
) |
|
|
(129,300 |
) |
|
|
(44,900 |
) |
|
|
(84,400 |
) |
| Balance at August 31, 2016 |
|
|
1,261,800 |
|
|
|
29,742,900 |
|
|
|
1,021,500 |
|
|
|
344,000 |
|
|
|
677,500 |
|
| Fiscal 2017 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export Water sale payments |
|
|
37,200 |
|
|
|
(32,700 |
) |
|
|
(4,500 |
) |
|
|
(1,600 |
) |
|
|
(2,900 |
) |
| Balance at November 30, 2016 |
|
$ |
1,299,000 |
|
|
$ |
29,710,200 |
|
|
$ |
1,017,000 |
|
|
$ |
342,400 |
|
|
$ |
674,600 |
|
* The Arapahoe County tap fees are net
of $34,522 in royalties paid to the Land Board.
|