Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT CUSTOMERS

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SIGNIFICANT CUSTOMERS
3 Months Ended
Nov. 30, 2023
SIGNIFICANT CUSTOMERS.  
SIGNIFICANT CUSTOMERS

NOTE 9 – SIGNIFICANT CUSTOMERS

The Company has significant customers in its operations. The table below presents the percentage of total revenue for the reported customers for the three months ended November 30, 2023 and 2022. For water and wastewater customers, the Company provides services on behalf of the Rangeview District for which the significant end users include Sky Ranch CAB and two oil & gas operators. The home builders at Sky Ranch account for lot purchase revenue but also for water and wastewater tap fee revenues.

Three Months Ended

% of Total Revenue Generated From:

November 30, 2023

November 30, 2022

Two oil & gas operators

37

%

15

%

Lennar

14

%

9

%

Melody (DR Horton)

13

%

-

%

Challenger

10

%

9

%

KB Home

8

%

13

%

Sky Ranch CAB

8

%

8

%

As of November 30, 2023, 71% of the reported trade accounts receivable balance is owed to Pure Cycle by the Rangeview District for tap fees, water usage and wastewater treatment fees.