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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
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3 Months Ended | |
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Nov. 30, 2014
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Nov. 30, 2013
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| Cash flows from operating activities: | ||
| Net income (loss) | $ 10,308us-gaap_NetIncomeLoss | $ (846,502)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income (loss) to net cash used for operating activities: | ||
| Imputed interest on Tap Participation Fee payable to HP A&M | 23,816us-gaap_InterestExpenseOther | 657,235us-gaap_InterestExpenseOther |
| Depreciation and depletion | 78,865us-gaap_DepreciationDepletionAndAmortization | 48,528us-gaap_DepreciationDepletionAndAmortization |
| Investment in Well Enhancement Recover Systems, LLC | (3,871)pcyo_InvestmentInWellEnhancementRecoverSystems | 0pcyo_InvestmentInWellEnhancementRecoverSystems |
| Stock-based compensation expense | 68,825us-gaap_ShareBasedCompensation | 54,794us-gaap_ShareBasedCompensation |
| Interest income and other non-cash items | (104)us-gaap_InterestAndOtherIncome | 0us-gaap_InterestAndOtherIncome |
| Interest added to receivable from Rangeview Metropolitan District | (3,002)us-gaap_OtherNoncashIncome | (3,002)us-gaap_OtherNoncashIncome |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | 680,986us-gaap_IncreaseDecreaseInAccountsReceivable | 118,586us-gaap_IncreaseDecreaseInAccountsReceivable |
| Receivables held in escrow | 0us-gaap_IncreaseDecreaseInDepositOtherAssets | (246,581)us-gaap_IncreaseDecreaseInDepositOtherAssets |
| Sky Ranch Receivable | (1,500)us-gaap_IncreaseDecreaseDueFromOtherRelatedParties | 1,807us-gaap_IncreaseDecreaseDueFromOtherRelatedParties |
| Prepaid expenses | 52,732us-gaap_IncreaseDecreaseInPrepaidExpense | 28,015us-gaap_IncreaseDecreaseInPrepaidExpense |
| Receivable from HP A&M | (44,880)us-gaap_IncreaseDecreaseInDueFromRelatedParties | (185,716)us-gaap_IncreaseDecreaseInDueFromRelatedParties |
| Note receivable - related party: Rangeview Metropolitian District | (25,000)us-gaap_IncreaseDecreaseInNotesReceivableRelatedParties | 0us-gaap_IncreaseDecreaseInNotesReceivableRelatedParties |
| Accounts payable and accrued liabilities | (1,001,656)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 234,893us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Interest accrued on agriculture land promissory notes | (20,058)us-gaap_IncreaseDecreaseInInterestPayableNet | 64,102us-gaap_IncreaseDecreaseInInterestPayableNet |
| Deferred revenues | 68,141us-gaap_IncreaseDecreaseInDeferredRevenue | 59,745us-gaap_IncreaseDecreaseInDeferredRevenue |
| Deferred oil & gas lease | (161,430)pcyo_DeferredOilAndGasLeaseBonusPayment | (106,755)pcyo_DeferredOilAndGasLeaseBonusPayment |
| Net cash used in operating activities | (277,828)us-gaap_NetCashProvidedByUsedInOperatingActivities | (120,851)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Investments in water, water systems, and land | (1,154,253)us-gaap_PaymentsToAcquireWaterAndWasteWaterSystems | (397,302)us-gaap_PaymentsToAcquireWaterAndWasteWaterSystems |
| Purchase of property and equipment | 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (2,250)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of farm land | 699,826us-gaap_ProceedsFromSaleOfLandHeldForUse | 0us-gaap_ProceedsFromSaleOfLandHeldForUse |
| Net cash used in investing activities | (454,427)us-gaap_NetCashProvidedByUsedInInvestingActivities | (399,552)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Payments to contingent liability holders | (6,409)pcyo_PaymentsToContingentLiabilityHolders | (1,684)pcyo_PaymentsToContingentLiabilityHolders |
| Proceeds from borrowings on promissory notes payable | 2,311,656us-gaap_ProceedsFromNotesPayable | 0us-gaap_ProceedsFromNotesPayable |
| Payments made on promissory notes payable | (1,395,009)us-gaap_RepaymentsOfNotesPayable | (445,283)us-gaap_RepaymentsOfNotesPayable |
| Net cash provided by (used in) financing activities | 910,238us-gaap_NetCashProvidedByUsedInFinancingActivities | (446,967)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net change in cash and cash equivalents | 177,983us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (967,370)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents - beginning of period | 1,749,558us-gaap_CashAndCashEquivalentsAtCarryingValue | |
| Cash and cash equivalents - end of period | 1,927,541us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,480,993us-gaap_CashAndCashEquivalentsAtCarryingValue |
| SUPPLEMENTAL DISCLSOURES OF NON-CASH ACTIVITIES | ||
| Reduction in Tap Participation Fee Aliability resulting from remedies under the Arkansas River Agreement | $ 6,227,266us-gaap_NotesReduction | $ 12,031,814us-gaap_NotesReduction |
| X | ||||||||||
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- Definition
Deferred income related to oil & gas lease bonus payments recognized in the period. No definition available.
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| X | ||||||||||
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- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
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- Definition
Payments made to export water contingent liability holders during the period. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity. This element is used when there is no other more specific or appropriate element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in moneys or securities given as security including, but not limited to, contract, escrow, or earnest money deposits, retainage (if applicable), deposits with clearing organizations and others, collateral, or margin deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount owed to the reporting entity in the form of loans and obligations (generally evidenced by promissory notes) made to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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| X | ||||||||||
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- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The value of notes retired (or transferred to another entity) in noncash investing or financing transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income or gains included in net income that result in no cash inflows or outflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for the purchase of a facility and equipment that provides water supply which includes wells, reservoirs, pumping stations, and control facilities; and waste water systems which includes the waste treatment and disposal facility and equipment to households and industry. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale of land held for use; excludes sales of land held as inventory or investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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