Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Aug. 31, 2017

The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 31, 2017:

						Fair Value Measurement Using:
				Cost / Other		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Accumulated Unrealized Gains and
		Fair Value		Value		(Level 1)		(Level 2)		(Level 3)		(Losses)
Certificates of deposit	$	12,673,700	$	12,694,500	$	—	$	12,673,700	$	—	$	(20,800	)
U.S. treasuries		7,381,700		7,372,000		—		7,381,700		—		9,700
Subtotal	$	20,055,400	$	20,066,500	$	—	$	20,055,400	$	—	$	(11,100	)
Long-term investments		188,000		188,000		—		188,000		—		—
Total	$	20,243,400	$	20,254,500	$	—	$	20,243,400	$	—	$	(11,100	)

The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 31, 2016:

						Fair Value Measurement Using:
				Cost / Other		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Accumulated Unrealized Gains and
		Fair Value		Value		(Level 1)		(Level 2)		(Level 3)		(Losses)
Certificates of deposit	$	6,050,500	$	6,054,700	$	—	$	6,050,500	$	—	$	(4,200	)
U.S. treasuries		17,125,900		17,115,200		—		17,125,900		—		10,700
Subtotal	$	23,176,400	$	23,169,900	$	—	$	23,176,400	$	—	$	6,500
Long-term investments		6,853,300		6,856,700		—		6,853,300		—		(3,400	)
Total	$	30,029,700	$	30,026,600	$	—	$	30,029,700	$	—	$	3,100