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

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

6 Months Ended

Feb. 29, 2020

The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

	Three Months Ended				Six Months Ended
	February 29, 2020		February 28, 2019		February 29, 2020		February 28, 2019
Wholesale water and wastewater services	$	1,252,870	$	684,038	$	3,172,256	$	2,375,391
Land development activities		2,265,710		1,946,381		10,807,353		3,327,577
Total revenues	$	3,518,580	$	2,630,419	$	13,979,609	$	5,702,968

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

	Three Months Ended						Six Months Ended
	February 29, 2020			February 28, 2019			February 29, 2020			February 28, 2019
Wholesale water and wastewater services	$	621,752		$	257,509		$	2,018,198		$	1,420,582
Land development activities		448,610			116,783			7,202,420			199,655
Corporate		(717,603	)		(470,317	)		(1,218,275	)		(1,082,290	)
Total pretax income (loss)	$	352,759		$	(96,025	)	$	8,002,343		$	537,947

The following table summarizes total assets for the Company’s wholesale water and wastewater services business and land development business by segment. The assets consist of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment. The assets consist of land, inventories and deposits in the Company’s land development segment. The Company’s other assets primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

	February 29, 2020		August 31, 2019
Wholesale water and wastewater services	$	55,879,759	$	51,588,079
Land development activities		8,792,887		16,866,542
Corporate		26,930,755		15,266,783
Total assets	$	91,603,401	$	83,721,404