Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT CUSTOMERS

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SIGNIFICANT CUSTOMERS
3 Months Ended
Nov. 30, 2024
SIGNIFICANT CUSTOMERS.  
SIGNIFICANT CUSTOMERS

NOTE 9 – SIGNIFICANT CUSTOMERS

The Company has significant customers in its operations. The tables below present the percentage of total revenue for the reported customers for the three months ended November 30, 2024 and 2023. For water and wastewater customers, the Company provides services on behalf of the Rangeview District for which the significant end users include Sky Ranch CAB and two oil & gas operators. The home builders at Sky Ranch account for lot purchase revenue but also for water and wastewater tap fee revenues.

Three Months Ended

% of Total Revenue Generated From:

November 30, 2024

November 30, 2023

Lennar

25

%

14

%

KB Home

16

%

8

%

Two oil & gas operators

15

%

37

%

Melody (DR Horton)

11

%

13

%

Sky Ranch CAB

10

%

8

%

Challenger

6

%

10

%

As of November 30, 2024, 94% of the reported trade accounts receivable balance is owed to Pure Cycle by the Rangeview District for tap fees, water usage and wastewater treatment fees.