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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

LONG-TERM OBLIGATIONS AND OPERATING LEASE, Operating Lease (Details)

v3.21.2

LONG-TERM OBLIGATIONS AND OPERATING LEASE, Operating Lease (Details)	12 Months Ended
	Aug. 31, 2021 USD ($) ft²	Aug. 31, 2020 USD ($)
Lease Commitments [Abstract]
Area of office and warehouse \| ft²	11,000
Operating lease term	3 years
Monthly base rent of operating lease	$ 6,600
Operating lease extension term	2 years
Percentage of increase in primary base payment for operating lease	12.50%
Operating lease expense	$ 85,200	$ 85,200
Payment against lease obligation, operating lease	85,200
Monthly lease payments	7,100
ROU Lease Assets and Lease Liabilities [Abstract]
Operating leases - ROU assets	122,000	196,000
Lease obligations - operating leases, current portion	$ 84,000	$ 74,000
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	AccruedLiabilitiesCurrent	AccruedLiabilitiesCurrent
Lease obligations - operating leases, net of current portion	$ 37,000	$ 120,000
Total lease liability	$ 121,000	$ 194,000
Weighted average remaining lease term	1 year 4 months 24 days	2 years 4 months 24 days
Weighted average discount rate	6.00%	6.00%

- Definition

The amount of monthly lease payments under operating lease.

+ References

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The amount of rental expense payable per month for operating leases.

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The percentage of increase in primary base payment of operating lease for extended period.

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- Definition

Area of a real estate property.

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- Definition

Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

+ References

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Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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- Definition

Amount of operating lease expense. Excludes sublease income.

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Present value of lessee's discounted obligation for lease payments from operating lease.

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Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.

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- Definition

Indicates line item in statement of financial position that includes current operating lease liability.

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Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.

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- Definition

Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.

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Amount of lessee's right to use underlying asset under operating lease.

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Weighted average discount rate for operating lease calculated at point in time.

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Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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