XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables) | 9 Months Ended
--- | ---
May 31, 2018
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract] |
Remaining Third Party Obligation | The remaining potential third-party obligation at May 31, 2018, is approximately $1 million.
|  | 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, 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 |  |  | 110,400 |  |  |  | (42,300 | ) |  |  | (68,100 | ) |  |  | (23,800 | ) |  |  | (44,300 | )
and The Hills at Sky Ranch |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |  |  | 51,900 |  |  |  | (45,700 | ) |  |  | (6,200 | ) |  |  | (2,200 | ) |  |  | (4,000 | )
Balance at May 31, 2018 |  | $ | 1,371,800 |  |  | $ | 29,646,000 |  |  | $ | 1,008,400 |  |  | $ | 339,400 |  |  | $ | 669,000 |
(1) | The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.

X
- References No definition available. + Details
Name: | pcyo_LONGTERMOBLIGATIONSANDOPERATINGLEASEAbstract
Namespace Prefix: | pcyo_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration