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

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

9 Months Ended

May 31, 2020

The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

		Three Months Ended				Nine Months Ended
		May 31, 2020	May 31, 2019			May 31, 2020		May 31, 2019
Wholesale water and wastewater services	$	1,153,951		$	2,476,570	$	4,326,207	$	4,851,961
Land development activities		696,170			2,708,093		11,503,523		6,035,670
Total revenues	$	1,850,121		$	5,184,663	$	15,829,730	$	10,887,631

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

	Three Months Ended						Nine Months Ended
	May 31, 2020			May 31, 2019			May 31, 2020			May 31, 2019
Wholesale water and wastewater services	$	603,158		$	1,802,340		$	2,621,356		$	3,222,922
Land development activities		140,390			120,021			7,342,810			319,676
Corporate		(707,273	)		(660,990	)		(1,925,548	)		(1,743,280	)
Total pretax income (loss)	$	36,275		$	1,261,371		$	8,038,618		$	1,799,318

The following table summarizes total assets by segment. The assets consist of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment. The assets consist of land, land development inventories and deposits in the Company’s land development segment. The Company’s other assets primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

	May 31, 2020		August 31, 2019
Wholesale water and wastewater services	$	56,244,054	$	51,588,079
Land development activities		9,498,852		16,866,542
Corporate		22,466,167		15,266,783
Total assets	$	88,209,073	$	83,721,404