Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details)

4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details) (USD $)	6 Months Ended	221 Months Ended
	Feb. 28, 2015	Aug. 31, 2014
Export Water Proceeds Received
Remaining Third Party Obligation:
Balance, original
Balance, beginning	1,004,300
Acquisitions		0
Option payments		110,400
Arapahoe Tap fees		533,000
Export Water Sale Payments	172,000	360,900
Balance, ending	1,176,300	1,004,300
Initial Export Water Proceeds To Pure Cycle
Remaining Third Party Obligation:
Balance, original		218,500
Balance, beginning	30,004,800
Acquisitions		28,077,500
Relinquishment		2,386,400
Option payments		(42,300)
Arapahoe Tap fees		(373,100)
Export Water Sale Payments	(151,500)	(262,200)
Balance, ending	29,853,300	30,004,800
Total Potential Third Party Obligation
Remaining Third Party Obligation:
Balance, original		31,807,700
Balance, beginning	1,017,100
Acquisitions		(28,077,500)
Relinquishment		(2,386,400)
Option payments		(68,100)
Arapahoe Tap fees		(159,900)
Export Water Sale Payments	(20,500)	(98,700)
Balance, ending	996,600	1,017,100
Participating Interests Liability
Remaining Third Party Obligation:
Balance, original		11,090,600
Balance, beginning	354,600
Acquisitions		(9,790,000)
Relinquishment		(832,100)
Option payments		(23,800)
Arapahoe Tap fees		(55,800)
Export Water Sale Payments	(7,100)	(34,300)
Balance, ending	347,500	354,600
Contingency
Remaining Third Party Obligation:
Balance, original		20,717,100
Balance, beginning	662,500
Acquisitions		(18,287,500)
Relinquishment		(1,554,300)
Option payments		(44,300)
Arapahoe Tap fees		(104,100)
Export Water Sale Payments	(13,400)	(64,400)
Balance, ending	$ 649,100	$ 662,500