| Schedule of remaining third party obligation |
| |
|
Export Water
Proceeds
Received
|
|
|
Initial Export
Water Proceeds
to Pure Cycle
|
|
|
Total Potential
Third Party
Obligation
|
|
|
Paticipating
Interests
Liability
|
|
|
Contingency |
|
| Original balances |
|
$ |
|
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
| Activity from inception until August 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
|
|
|
|
28,077,500 |
|
|
|
(28,077,500 |
) |
|
|
(9,790,000 |
) |
|
|
(18,287,500 |
) |
| Relinquishment |
|
|
|
|
|
|
2,386,400 |
|
|
|
(2,386,400 |
) |
|
|
(832,100 |
) |
|
|
(1,554,300 |
) |
| Option payments - Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| and The Hills at Sky Ranch |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
| Arapahoe County tap fees * |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
| Export Water sale payments |
|
|
360,900 |
|
|
|
(262,200 |
) |
|
|
(98,700 |
) |
|
|
(34,300 |
) |
|
|
(64,400 |
) |
| Balance at August 31, 2014 |
|
|
1,004,300 |
|
|
|
30,004,800 |
|
|
|
1,017,100 |
|
|
|
354,600 |
|
|
|
662,500 |
|
| Fiscal 2015 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export Water sale payments |
|
|
154,500 |
|
|
|
(136,100 |
) |
|
|
(18,400 |
) |
|
|
(6,400 |
) |
|
|
(12,000 |
) |
| Balance at November 30, 2014 |
|
$ |
1,158,800 |
|
|
$ |
29,868,700 |
|
|
$ |
998,700 |
|
|
$ |
348,200 |
|
|
$ |
650,500 |
|
|
| Schedule of future maturities |
| Mortgage notes payable, mainly bear interest at 5%, 5 year term; one note in amount of $1.75 million had 20 year term |
|
|
5,854,800 |
|
| Less: current portion |
|
|
(848,300 |
) |
| Total long-term mortgage payable |
|
$ |
5,006,500 |
|
| |
|
|
|
|
| Future Maturities |
|
|
|
|
| 2016 |
|
|
511,200 |
|
| 2017 |
|
|
624,500 |
|
| 2018 |
|
|
188,300 |
|
| 2019 |
|
|
157,100 |
|
| 2020 |
|
|
169,800 |
|
| Post 2020 |
|
|
3,355,600 |
|
| Total |
|
$ |
5,006,500 |
|
|