Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

3. WATER AND LAND ASSETS (Details) - USD ($)	May 31, 2016	Aug. 31, 2015
Costs	$ 29,524,300	$ 29,014,900
Accumulated Depreciation and Depletion	(1,555,100)	(1,306,300)
Net investments in water and water systems	27,969,211	27,708,595
Rangeview Water Supply
Costs	14,444,600	14,444,600
Accumulated Depreciation and Depletion	(9,000)	(8,800)
Sky Ranch Water Rights And Other Costs
Costs	6,444,500	6,440,800
Accumulated Depreciation and Depletion	(268,000)	(194,600)
Fairgrounds Water And Water System
Costs	2,899,900	2,899,900
Accumulated Depreciation and Depletion	(864,800)	(798,700)
Rangeview Water System
Costs	1,256,300	1,256,300
Accumulated Depreciation and Depletion	(141,400)	(110,300)
Water Supply Other
Costs	4,479,000	3,973,300
Accumulated Depreciation and Depletion	$ (271,900)	$ (193,900)