Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

12 Months Ended

Aug. 31, 2019

The following table summarizes wholesale water and wastewater services and land development revenue information by segment ⁽¹⁾:

	For the Fiscal Years Ended August 31,
	2019		2018
Wholesale water and wastewater services	$	8,405,520	$	4,794,749
Land development activities		11,955,989		2,164,450
Total wholesale water and wastewater services and land development revenues	$	20,361,509	$	6,959,199

(1) The Company had other income from non-segment sources (oil and gas, interest and other) of $529,293 and $441,407 for the fiscal years ended August 31, 2019 and 2018, respectively.

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

	For the Fiscal Years Ended August 31,
	2019			2018
Wholesale water and wastewater services	$	5,766,783		$	2,646,988
Land development activities		651,027			150,610
Depreciation, general and administrative expenses		(3,419,149	)		(3,106,325	)
Total income (loss) from operations	$	2,998,661		$	(308,727	)

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 primarily of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

	August 31, 2019		August 31, 2018
Wholesale water and wastewater services	$	51,588,079	$	36,721,884
Land development activities		16,866,542		9,497,106
Corporate		15,266,783		25,687,625
Total assets	$	83,721,404	$	71,906,615