Quarterly report pursuant to Section 13 or 15(d)

4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

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4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
6 Months Ended
Feb. 29, 2016
Long-Term Obligations And Operating Lease Tables  
Schedule of remaining third party obligation
    Export Water Proceeds Received     Initial Export Water Proceeds to Pure Cycle     Total Potential Third-Party Obligation     Paticipating Interests Liability     Contingency  
Original balances   $ –     $ 218,500     $ 31,807,700     $ 11,090,600     $ 20,717,100  
Activity from inception until August 31, 2015:                                  
  Acquisitions     –       28,042,500       (28,042,500 )     (9,790,000 )     (18,252,500 )
  Relinquishment     –       2,386,400       (2,386,400 )     (832,100 )     (1,554,300 )
  Option payments - Sky Ranch                                        
      and The Hills at Sky Ranch     110,400       (42,300 )     (68,100 )     (23,800 )     (44,300 )
  Arapahoe County tap fees *     533,000       (373,100 )     (159,900 )     (55,800 )     (104,100 )
  Export Water sale payments     569,200       (445,800 )     (123,400 )     (42,900 )     (80,500 )
Balance at August 31, 2015     1,212,600       29,786,200       1,027,400       346,000       681,400  
Fiscal 2016 activity:                                        
  Export Water sale payments     34,400       (30,300 )     (4,100 )     (1,400 )     (2,700 )
Balance at February 29, 2016   $ 1,247,000     $ 29,755,900     $ 1,023,300     $ 344,600     $ 678,700  

 

 * The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.