| Schedule of remaining third party obligation |
| |
|
Export Water Proceeds Received |
|
|
Initial Export Water Proceeds to Pure Cycle |
|
|
Total Potential Third-party Obligation |
|
|
Participating Interests Liability |
|
|
Contingency |
|
| Original balances |
|
$ |
- |
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
|
Activity from inception until August 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
- |
|
|
|
28,042,500 |
|
|
|
(28,042,500 |
) |
|
|
(9,790,000 |
) |
|
|
(18,252,500 |
) |
| Relinquishment |
|
|
- |
|
|
|
2,386,400 |
|
|
|
(2,386,400 |
) |
|
|
(832,100 |
) |
|
|
(1,554,300 |
) |
| Option payments - Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| and The Hills at Sky Ranch |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
| Arapahoe County tap fees (1) |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
| Export Water sale payments |
|
|
410,500 |
|
|
|
(305,900 |
) |
|
|
(104,600 |
) |
|
|
(36,300 |
) |
|
|
(68,300 |
) |
| Balance at August 31, 2015 |
|
|
1,053,900 |
|
|
|
29,926,100 |
|
|
|
1,046,200 |
|
|
|
352,600 |
|
|
|
693,600 |
|
| Fiscal 2016 activity: |
|
|
207,900 |
|
|
|
(183,200 |
) |
|
|
(24,700 |
) |
|
|
(8,600 |
) |
|
|
(16,100 |
) |
| 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 |
|
|
58,100 |
|
|
|
(51,200 |
) |
|
|
(6,900 |
) |
|
|
(2,400 |
) |
|
|
(4,500 |
) |
| Balance at August 31, 2017 |
|
$ |
1,319,900 |
|
|
$ |
29,691,700 |
|
|
$ |
1,014,600 |
|
|
$ |
341,600 |
|
|
$ |
673,000 |
|
| (1) |
The Arapahoe County tap fees are less $34,522 in royalties paid to the Land Board. |
|