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

3 Months Ended

Nov. 30, 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				Participating Interests Liability				Contingency
Original balances		$	—			$	218,500			$	31,807,700			$	11,090,600			$	20,717,100
Activity from inception until August 31, 2017:
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			676,500				(540,300	)			(136,200	)			(47,300	)			(88,900	)
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			23,000				(20,300	)			(2,700	)			(900	)			(1,800	)
Balance at November 30, 2017		$	1,342,900			$	29,671,400			$	1,011,900			$	340,700			$	671,200