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PARTICIPATING INTERESTS IN EXPORT WATER (Tables)
 12 Months Ended
Aug. 31, 2018
PARTICIPATING INTERESTS IN EXPORT WATER [Abstract]  
Remaining Third Party Obligation
Additionally, as a result of the acquisitions, and the consideration from the cumulative sales of Export Water, as detailed in the table below, the remaining potential third-party obligation at August 31, , 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, 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:
  
58,100
   
(51,200
)
  
(6,900
)
  
(2,400
)
  
(4,500
)
Balance at August 31, 2017
  
1,319,900
   
29,691,700
   
1,014,600
   
341,600
   
673,000
 
Fiscal 2018 activity:
                    
Export Water sale payments
  
60,800
   
(53,600
)
  
(7,200
)
  
(2,500
)
  
(4,700
)
Balance at August 31, 2018
 
$
1,380,700
  
$
29,638,100
  
$
1,007,400
  
$
339,100
  
$
668,300