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

9 Months Ended

May 31, 2017

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			618,400				(489,100	)			(129,300	)			(44,900	)			(84,400	)
Balance at August 31, 2016			1,261,800				29,742,900				1,021,500				344,000				677,500
Fiscal 2017 activity:
Export Water sale payments			50,700				(44,700	)			(6,000	)			(2,100	)			(3,900	)
Balance at May 31, 2017		$	1,312,500			$	29,698,200			$	1,015,500			$	341,900			$	673,600

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