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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Aug. 31, 2022


	Year Ended August 31, 2022
	Water and Wastewater Resource Development		Land Development		Total
(In thousands)
Balance at August 31, 2021	$	410	$	1,995	$	2,405
Revenue recognized		(791)		(11,434)		(12,225)
Revenue deferred		951		13,714		14,665
Balance at August 31, 2022	$	570	$	4,275	$	4,845


	Year Ended August 31, 2021
	Water and Wastewater Resource Development		Land Development		Total
Balance at August 31, 2020	$	1,965	$	1,635	$	3,600
Revenue recognized		(4,521)		(3,558)		(8,079)
Revenue deferred		2,966		3,918		6,884
Balance at August 31, 2021	$	410	$	1,995	$	2,405