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, 2024

ACCRUED LIABILITIES.

ACCRUED LIABILITIES

NOTE 7 – ACCRUED LIABILITIES

At August 31, 2024 and 2023, the Company’s current accrued liabilities are:


(In thousands)	August 31, 2024		August 31, 2023
Accrued compensation	$	1,045	$	985
Other operating payables		147		406
Property taxes		206		148
Operating lease obligation, current		73		118
Professional fees		5		70
Rental deposits		38		34
Total accrued liabilities	$	1,514	$	1,761

Land development costs due to the Sky Ranch CAB	$	1,556	$	727
Due to Rangeview Metropolitan District		652		294
Total accrued liabilities - related parties	$	2,208	$	1,021

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.