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

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Accrued Liabilities

Note 8 - Accrued Liabilities	6 Months Ended
Feb. 28, 2013
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 8 – ACCRUED LIABILITIES At February 28, 2013, the Company had accrued liabilities of $395,200, of which $270,100 was for estimated property taxes, $80,300 was for professional fees, $22,200 was for farm lease prepayments, and $22,600 related to operating payables. At August 31, 2012, the Company had accrued liabilities of $172,600, of which $60,500 was for estimated property taxes, $56,800 was for professional fees, $33,500 was for farm lease prepayments, and the remaining $21,800 related to operating payables.

Note 8 - Accrued Liabilities

6 Months Ended

Feb. 28, 2013

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 8 – ACCRUED LIABILITIES

At February 28, 2013, the Company had accrued liabilities of $395,200, of which $270,100 was for estimated property taxes, $80,300 was for professional fees, $22,200 was for farm lease prepayments, and $22,600 related to operating payables.

At August 31, 2012, the Company had accrued liabilities of $172,600, of which $60,500 was for estimated property taxes, $56,800 was for professional fees, $33,500 was for farm lease prepayments, and the remaining $21,800 related to operating payables.