Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES

ACCRUED LIABILITIES

12 Months Ended

Aug. 31, 2023

ACCRUED LIABILITIES.

ACCRUED LIABILITIES

NOTE 7 – ACCRUED LIABILITIES

At August 31, 2022 and 2021, the Company’s current accrued liabilities are:


(In thousands)	August 31, 2023		August 31, 2022
Accrued compensation	$	985	$	1,325
Other operating payables		406		308
Property taxes		148		164
Operating lease obligation, current		118		76
Professional fees		70		115
WISE water		—		32
Rental deposits		34		9
Total accrued liabilities	$	1,761	$	2,029

Land development costs due to the Sky Ranch CAB	$	727	$	536
Due to Rangeview Metropolitan District		294		24
Total accrued liabilities - related parties	$	1,021	$	560

The amounts due to the Sky Ranch CAB are included in notes receivable – related parties, including accrued interest or land under development. The amounts recorded in land under development will be subsequently expensed through Land development construction costs. In addition, the amounts payable to the Rangeview District relate to construction costs of water infrastructure, these costs are included in Investments in water and water systems. The remaining items that make up accrued liabilities are generally self-explanatory.