Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

v3.19.1
LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
6 Months Ended
Feb. 28, 2019
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract]  
Remaining Third Party Obligation
The remaining potential third-party obligation at , is approximately $1 million.

   
Export
Water
Proceeds
Received
   
Initial Export
Water
Proceeds to
Pure Cycle
   
Total
Potential
Third-Party
Obligation
   
Participating
Interests
Liability
   
Contingency
 
Original balances
 
$
   
$
218,500
   
$
31,807,700
   
$
11,090,600
   
$
20,717,100
 
Activity from inception until August 31, 2018:
                                       
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 (1)
   
533,000
     
(373,100
)
   
(159,900
)
   
(55,800
)
   
(104,100
)
Export Water sale payments
   
737,300
     
(593,900
)
   
(143,400
)
   
(49,800
)
   
(93,600
)
Balance at August 31, 2018
   
1,380,700
     
29,638,100
     
1,007,400
     
339,100
     
668,300
 
Fiscal 2019 activity:
                                       
Export Water sale payments
   
138,900
     
(122,400
)
   
(16,500
)
   
(5,800
)
   
(10,700
)
Balance at February 28, 2019
 
$
1,519,600
   
$
29,515,700
   
$
990,900
   
$
333,300
   
$
657,600
 

(1)
The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.