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

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details) (USD $)	3 Months Ended	221 Months Ended
	Nov. 30, 2014	Aug. 31, 2014	Dec. 31, 1975
Export Water Proceeds Received
Remaining Third Party Obligation:
Balance, original			$ 0
Balance, beginning	1,004,300
Acquisitions		0
Option payments		110,400
Arapahoe Tap fees		533,000
Export Water Sale Payments	154,500	360,900
Balance, ending	1,158,800	1,004,300
Initial Export Water Proceeds To Pure Cycle
Remaining Third Party Obligation:
Balance, original			218,500
Balance, beginning	30,004,800
Acquisitions		28,077,500
Relinquishment		2,386,400
Option payments		(42,300)
Arapahoe Tap fees		(373,100)
Export Water Sale Payments	(136,100)	(262,200)
Balance, ending	29,868,700	30,004,800
Total Potential Third Party Obligation
Remaining Third Party Obligation:
Balance, original			31,807,700
Balance, beginning	1,017,100
Acquisitions		(28,077,500)
Relinquishment		(2,386,400)
Option payments		(68,100)
Arapahoe Tap fees		(159,900)
Export Water Sale Payments	(18,400)	(98,700)
Balance, ending	998,700	1,017,100
Participating Interests Liability
Remaining Third Party Obligation:
Balance, original			11,090,600
Balance, beginning	354,600
Acquisitions		(9,790,000)
Relinquishment		(832,100)
Option payments		(23,800)
Arapahoe Tap fees		(55,800)
Export Water Sale Payments	(6,400)	(34,300)
Balance, ending	348,200	354,600
Contingency
Remaining Third Party Obligation:
Balance, original			20,717,100
Balance, beginning	662,500
Acquisitions		(18,287,500)
Relinquishment		(1,554,300)
Option payments		(44,300)
Arapahoe Tap fees		(104,100)
Export Water Sale Payments	(12,000)	(64,400)
Balance, ending	$ 650,500	$ 662,500