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

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

3 Months Ended

Nov. 30, 2020

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

	As of November 30, 2020			As of August 31, 2020
	(In thousands)
Operating leases - right of use assets	$	178		$	196

Accrued liabilities	$	78		$	74
Lease obligations - operating leases, net of current portion		100			120
Total lease liability	$	178		$	194

Weighted average remaining lease term (in years)		2			2
Weighted average discount rate		6	%		6	%