XML 18 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details Narrative) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended | 18 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Apr. 11, 2014 N | Feb. 28, 2014 N sqft | Aug. 31, 2013 N | Feb. 28, 2014 N | Jul. 02, 2012 | Dec. 31, 1996
Recorded Portion Of Contingent Obligation |  | $ 1,188,411 | $ 1,192,910 | $ 1,188,411 |  | $ 11,100,000
Contractual obligation |  |  |  |  |  | 31,800,000
Contingent liability recorded off balance sheet |  |  |  |  |  | 20,700,000
Percentage of original total liability |  | 35.00% |  | 35.00% |  |
Percentage remitted to CAA Holders |  | 35.00% |  | 35.00% |  |
Percentage allocated to contingent obligation |  | 65.00% |  | 65.00% |  |
Remaining third party obligation |  | 3,400,000 |  | 3,400,000 |  |
Royalties paid for Arapahoe County tap fees |  | 34,522 |  |  |  |
Tap Participation Fee liability |  | 24,632,125 | 59,807,289 | 24,632,125 |  |
Number of water taps subject to tap participation fee | 4,265 | 7,126 | 17,194 | 7,126 |  |
Tap Participation Fee Percentage |  | 20.00% |  |  |  |
Reduction In Taps Percentage |  | 50.00% |  |  |  |
Percentage of Net Revenues |  | 26.90% |  |  |  |
Reduction in Taps as result of foreclosure | (2,861) | (10,068) | (2,233) | (12,301) |  |
Estimated proceeds from sale of water taps |  | 39,500,000 | 102,700,000 |  |  |
Decrease in estimated proceeds from sale of water taps |  | 63,200,000 | 17,900,000 |  |  |
Implied interest rate |  | 7.20% |  |  |  |
Reduction in discounted present value |  | 36,200,000 | 11,700,000 |  |  |
Imputed Interest on TPF |  | 28,200,000 |  | 28,200,000 |  |
Number of FLCC shares foreclosed upon | 1,588 | 5,483 |  |  |  |
Reduction in value of Taps as result of foreclosure | 9,900,000 | 36,200,000 | 11,700,000 |  |  |
Number of farms foreclosed on | 7 | 22 |  |  |  |
Number of properties subject to outstanding promissory notes |  | 69 |  | 69 |  |
Number of properties |  | 80 |  | 80 |  |
Notes payable outstanding |  | 6,600,000 | 7,900,000 | 6,600,000 | 9,600,000 |
Number of FLCC Shares |  | 3,397 |  | 3,397 |  |
The number of shares that may be foreclosed upon |  | 1,500,000 |  | 1,500,000 |  |
Sale of common stock held as collateral |  |  | 3,420,000 |  |  |
Sale price of shares sold |  |  | $ 2.35 |  |  |
Stock sale fees |  |  | 110,000 |  |  |
Purchase of notes payable |  | 1,200,000 | 7,000,000 |  |  |
Notes payable in purchase negotiation |  | 1,400,000 |  | 1,400,000 |  |
Accrued interest |  | 142,900 | 122,000 | 142,900 |  |
Office space |  | 1,200 |  |  |  |
Monthly rent payments |  | 1,530 |  |  |  |
Note Collateral |  |  |  |  |  |
Number of Acres (in Acres) |  | 14,000 |  | 14,000 |  |
Number of FLCC Shares |  | 16,882 |  | 16,882 |  |
Lower Range |  |  |  |  |  |
Number of water taps subject to tap participation fee |  | 7,007 |  | 7,007 |  |
Tap Participation Fee Percentage |  | 10.00% |  |  |  |
Upper Range |  |  |  |  |  |
Number of water taps subject to tap participation fee |  | 40,000 |  | 40,000 |  |
Tap Participation Fee Percentage |  | 20.00% |  |  |  |
First Priority Payout |  |  |  |  |  |
Deferred Revenue |  | 4,900,000 |  | 4,900,000 |  |
Remaining First Priority Payout |  |  |  |  |  |
Deferred Revenue |  | $ 7,100,000 |  | $ 7,100,000 |  |

X
- Definition Contingent obligation whose amounts and timing of payment are not reasonably determinable. Specific to amounts recorded off balance sheet. + References No definition available. + Details
Name: | pcyo_ContingentLiability
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The decrease in estimated proceeds from the sale of water taps. + References No definition available. + Details
Name: | pcyo_DecreaseInEstimatedProceedsFromSaleOfWaterTaps
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The estimated proceeds from the sale of water taps. + References No definition available. + Details
Name: | pcyo_EstimatedProceedsFromSaleOfWaterTaps
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The implied interest rate relating to the sale of water taps. + References No definition available. + Details
Name: | pcyo_ImpliedInterestRate
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The value of notes payable that are in purchase negotiation as of the balance sheet date. + References No definition available. + Details
Name: | pcyo_NotesPayableInPurchaseNegotiation
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The number of acres owned or leased. + References No definition available. + Details
Name: | pcyo_NumberOfAcres
Namespace Prefix: | pcyo_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of farms foreclosed upon during the period. + References No definition available. + Details
Name: | pcyo_NumberOfFarmsForeclosedOn
Namespace Prefix: | pcyo_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of FLCC shares. + References No definition available. + Details
Name: | pcyo_NumberOfFLCCShares
Namespace Prefix: | pcyo_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of FLCC shares foreclosed upon during the period. + References No definition available. + Details
Name: | pcyo_NumberOfFlccSharesForeclosedUpon
Namespace Prefix: | pcyo_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total number of properties originally acquired from HP A&M. + References No definition available. + Details
Name: | pcyo_NumberOfProperties
Namespace Prefix: | pcyo_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of properties subject to outstanding promissory notes. + References No definition available. + Details
Name: | pcyo_NumberOfPropertiesSubjectToOutstandingPromissoryNotes
Namespace Prefix: | pcyo_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of water taps subject to a tap participation fee. + References No definition available. + Details
Name: | pcyo_NumberOfWaterTapsSubjectToTapParticipationFee
Namespace Prefix: | pcyo_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition The square footage of office space. + References No definition available. + Details
Name: | pcyo_OfficeSpace
Namespace Prefix: | pcyo_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow to acquire an agreement for an unconditional promise by the entity to pay the holder a definite sum of money at a future date. Such amount may include accrued interest payable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References No definition available. + Details
Name: | pcyo_PaymentsToAcquireNotesPayable
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The percentage of each export water payment that is allocated to the contingent liability. + References No definition available. + Details
Name: | pcyo_PercentageAllocatedToContingentObligation
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of net revenues paid to HP A&M, as per the Property Management Agreement. + References No definition available. + Details
Name: | pcyo_PercentageOfNetRevenues
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The ratio of the contingent export water liability to total original liability. + References No definition available. + Details
Name: | pcyo_PercentageOfOriginalTotalLiability
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of each export water payment that is allocated to CAA holders. + References No definition available. + Details
Name: | pcyo_PercentageRemittedToCaaHolders
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The contingent obligation for participating interests in export water. + References No definition available. + Details
Name: | pcyo_RecordedPortionOfContingentObligation
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents amount of reduction in discounted present value of the TPF. + References No definition available. + Details
Name: | pcyo_ReductionInDiscountedPresentValue
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Repesents reduction in the value of taps as the result of foreclosures on certain farms pursuant to the remedies outlined in the Arkansas River Agreement. + References No definition available. + Details
Name: | pcyo_ReductionInTapsAsResultOfForeclosureValue
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage reduction in Tap Participation Fee. + References No definition available. + Details
Name: | pcyo_ReductionInTapsPercentage
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Repesents reduction in the number of taps as the result of foreclosures on certain farms pursuant to the remedies outlined in the Arkansas River Agreement. + References No definition available. + Details
Name: | pcyo_ReductionInWaterTapsDueToForeclosures
Namespace Prefix: | pcyo_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The net proceeds from the sale of shares of common stock held as collateral for debt obligations with High Plains A&amp;M LLC sold during the period. + References No definition available. + Details
Name: | pcyo_SaleOfCommonStockHeldAsCollateral1
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fees associated with the sale of common stock held as collateral for debt obligations. + References No definition available. + Details
Name: | pcyo_SaleOfCommonStockHeldAsCollateralFees
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares that were issued to HP A&amp;M per the Seller Pledge Agreement that may be foreclosed upon by the company as one of the remedies in such agreement. + References No definition available. + Details
Name: | pcyo_SharesForeclosableHPAgreement
Namespace Prefix: | pcyo_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Imputed interest on the Tap Participation Fee. Imputed Interest has been considered to be paid, but where no interest payment has been made. + References No definition available. + Details
Name: | pcyo_TapParticipationFeeInterest
Namespace Prefix: | pcyo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage tap participation fee due to HP A&M. + References No definition available. + Details
Name: | pcyo_TapParticipationFeePercentage
Namespace Prefix: | pcyo_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. + References No definition available. + Details
Name: | us-gaap_ContractualObligation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 13 -Section A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 13.A.4(a).Q1 Response) -URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780 + Details
Name: | us-gaap_DeferredRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765 + Details
Name: | us-gaap_InterestPayableCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Aggregated carrying amounts of obligations as of the balance sheet date, excluding long-term debt, incurred as part of the normal operations that are expected to be paid after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Credits and Other Liabilities. + References No definition available. + Details
Name: | us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9 + Details
Name: | us-gaap_NotesPayable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717 + Details
Name: | us-gaap_OperatingLeasesRentExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of cash paid for royalties during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
Name: | us-gaap_PaymentsForRoyalties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Price of a single share of a number of saleable stocks of a company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_SharePrice
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant