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

Annual report pursuant to Section 13 and 15(d)

Note 10 - Income Taxes (Detail) - Significant Components of Deferred Tax Assets

Note 10 - Income Taxes (Detail) - Significant Components of Deferred Tax Assets (USD $)	Aug. 31, 2012	Aug. 31, 2011
Deferred tax assets:
Net operating loss carryforwards	$ 5,948,300	$ 5,259,200
Imputed interest on Tap Participation Fee	8,852,500	7,558,000
Deferred revenue	560,700	702,000
Impairment charges	2,408,800
Depreciation and depletion	2,425,700	301,600
Other	45,000	38,900
Valuation allowance	$ (20,241,000)	$ (13,859,700)

- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income.

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- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.

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- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed.

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- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses.

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- Definition

Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.

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