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LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables) | 3 Months Ended
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Nov. 30, 2018
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract] |
Remaining Third Party Obligation | The remaining potential third-party obligation at November 30, 2018, 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, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |  |  | 737,300 |  |  |  | (593,900 | ) |  |  | (143,400 | ) |  |  | (49,800 | ) |  |  | (93,600 | )
Balance at August 31, 2018 |  |  | 1,380,700 |  |  |  | 29,638,100 |  |  |  | 1,007,400 |  |  |  | 339,100 |  |  |  | 668,300 |
Fiscal 2018 activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Export Water sale payments |  |  | 89,700 |  |  |  | (79,000 | ) |  |  | (10,700 | ) |  |  | (3,800 | ) |  |  | (6,900 | )
Balance at November 30, 2018 |  | $ | 1,470,400 |  |  | $ | 29,559,100 |  |  | $ | 996,700 |  |  | $ | 335,300 |  |  | $ | 661,400 |
(1) | The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.

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- 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
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