Pure Cycle Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

ACCRUED LIABILITIES

ACCRUED LIABILITIES

6 Months Ended

Feb. 28, 2025

NOTE 10 – ACCRUED LIABILITIES


(In thousands)	February 28, 2025			August 31, 2024
Accrued compensation	$	651		$	1,045
Other operating payables		393			147
Property taxes		756			206
Operating lease obligation, current		85			73
Professional fees		500	(a)		5
Rental deposits		38			38
Total accrued liabilities	$	2,423		$	1,514

Land development costs due to the Sky Ranch CAB	$	815		$	1,556
Due to Rangeview Metropolitan District		292			652
Total accrued liabilities - related parties	$	1,107		$	2,208

(a)

As of February 28, 2025, the Company has accrued an estimated $0.5 million in legal expenses associated with expenses relating to the water court’s ruling in February 2025 and potential settlement negotiations regarding its remaining three claims.