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

2. FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Feb. 28, 2018

The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of February 28, 2018:

					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	$	1,246,500	$	1,250,000	$	-	$	1,246,500	$	-	$	(3,500	)
U.S. treasuries		15,885,900		15,862,300		-		15,885,900		-		23,600
Subtotal	$	17,132,400	$	17,112,300	$	-	$	17,132,400	$	-	$	20,100
Long-term investments		1,427,700		1,428,200		-		1,427,700		-		(500	)
Total	$	18,560,100	$	18,540,500	$	-	$	18,560,100	$	-	$	19,600

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	)