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LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables) | 3 Months Ended
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Nov. 30, 2014
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, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions |  |  | – |  |  |  | 28,077,500 |  |  |  | (28,077,500 | ) |  |  | (9,790,000 | ) |  |  | (18,287,500 | )
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 |  |  | 360,900 |  |  |  | (262,200 | ) |  |  | (98,700 | ) |  |  | (34,300 | ) |  |  | (64,400 | )
Balance at August 31, 2014 |  |  | 1,004,300 |  |  |  | 30,004,800 |  |  |  | 1,017,100 |  |  |  | 354,600 |  |  |  | 662,500 |
Fiscal 2015 activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Export Water sale payments |  |  | 154,500 |  |  |  | (136,100 | ) |  |  | (18,400 | ) |  |  | (6,400 | ) |  |  | (12,000 | )
Balance at November 30, 2014 |  | $ | 1,158,800 |  |  | $ | 29,868,700 |  |  | $ | 998,700 |  |  | $ | 348,200 |  |  | $ | 650,500 |
Schedule of future maturities |
Mortgage notes payable, mainly bear interest at 5%, 5 year term; one note in amount of $1.75 million had 20 year term |  |  | 5,854,800 |
Less: current portion |  |  | (848,300 | )
Total long-term mortgage payable |  | $ | 5,006,500 |
Future Maturities |  |  |  |
2016 |  |  | 511,200 |
2017 |  |  | 624,500 |
2018 |  |  | 188,300 |
2019 |  |  | 157,100 |
2020 |  |  | 169,800 |
Post 2020 |  |  | 3,355,600 |
Total |  | $ | 5,006,500 |

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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