Annual report pursuant to Section 13 and 15(d)

PARTICIPATING INTERESTS IN EXPORT WATER (Tables)

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PARTICIPATING INTERESTS IN EXPORT WATER (Tables)
 12 Months Ended
Aug. 31, 2013
Participating Interests In Export Water Tables  
Schedule of remaining third party obligation
From time to time the Company repurchased various portions of the CAA obligations in priority. The Company did not make any CAA acquisitions during the fiscal years ended August 31, 2013 and 2012. As a result of the acquisitions, and due to the sale of Export Water, as detailed in the table below, the remaining potential third party obligation at August 31, 2013, is $3.4 million:
 
   
Export Water
    
Initial Export
    
Total Potential
    
Paticipating
        
   
Proceeds
    
Water Proceeds
    
Third party
    
Interests
        
   
Received
    
to Pure Cycle
    
Obligation
    
Liability
    
Contingency
  
Original balances
   $ —     $ 218,500     $ 31,807,700     $ 11,090,600     $ 20,717,100  
Activity from inception until August 31, 2012:
                                  
Acquisitions
     —       28,077,500       (28,077,500 )     (9,790,000 )     (18,287,500 )
Option payments - Sky Ranch and The Hills at Sky Ranch
     110,400       (42,300 )     (68,100 )     (23,800 )     (44,300 )
Arapahoe County tap fees *
     533,000       (373,100 )     (159,900 )     (55,800 )     (104,100 )
Export Water sale payments
     111,300       (77,900 )     (33,400 )     (12,100 )     (21,300 )
Balance at August 31, 2012
     754,700       27,802,700       3,468,800       1,208,900       2,259,900  
Fiscal 2013 activity:
                                        
Export Water sale payments
     158,000       (110,600 )     (47,400 )     (16,000 )     (31,400 )
Balance at August 31, 2013
   $ 912,700     $ 27,692,100     $ 3,421,400     $ 1,192,900     $ 2,228,500  
 
 * The Arapahoe County tap fees are less $34,522 in royalties paid to the Land Board.