| Remaining Third Party Obligation |
The remaining potential third-party obligation at , is approximately $1 million.
| |
|
Export
Water
Proceeds
Received
|
|
|
Initial Export
Water
Proceeds to
Pure Cycle
|
|
|
Total
Potential
Third-Party
Obligation
|
|
|
Participating
Interests
Liability
|
|
|
Contingency |
|
Original balances |
|
$ |
— |
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
Activity from inception until August 31, 2018: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions |
|
|
— |
|
|
|
28,042,500 |
|
|
|
(28,042,500 |
) |
|
|
(9,790,000 |
) |
|
|
(18,252,500 |
) |
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 (1) |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
Export Water sale payments |
|
|
737,300 |
|
|
|
(593,900 |
) |
|
|
(143,400 |
) |
|
|
(49,800 |
) |
|
|
(93,600 |
) |
Balance at August 31, 2018 |
|
|
1,380,700 |
|
|
|
29,638,100 |
|
|
|
1,007,400 |
|
|
|
339,100 |
|
|
|
668,300 |
|
Fiscal 2019 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export Water sale payments |
|
|
138,900 |
|
|
|
(122,400 |
) |
|
|
(16,500 |
) |
|
|
(5,800 |
) |
|
|
(10,700 |
) |
Balance at February 28, 2019 |
|
$ |
1,519,600 |
|
|
$ |
29,515,700 |
|
|
$ |
990,900 |
|
|
$ |
333,300 |
|
|
$ |
657,600 |
|
| (1) |
The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board. |
|