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	3 Months Ended
Nov. 30, 2014
Accrued Liabilities
ACCRUED LIABILITIES	At November 30, 2014, the Company had accrued liabilities of $197,300, of which $139,800 was for estimated property taxes, $2,000 was for farm lease prepayments, and $55,500 related to operating payables. At August 31, 2014, the Company had accrued liabilities of $257,900, of which $99,700 was for estimated property taxes, $59,500 was for professional fees, $22,400 was for farm lease prepayments, and the remaining $76,300 related to operating payables.

ACCRUED LIABILITIES

3 Months Ended

Nov. 30, 2014

At November 30, 2014, the Company had accrued liabilities of $197,300, of which $139,800 was for estimated property taxes, $2,000 was for farm lease prepayments, and $55,500 related to operating payables.

At August 31, 2014, the Company had accrued liabilities of $257,900, of which $99,700 was for estimated property taxes, $59,500 was for professional fees, $22,400 was for farm lease prepayments, and the remaining $76,300 related to operating payables.