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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.