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LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
 3 Months Ended
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.