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

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Accrued Liabilities

Note 8 - Accrued Liabilities	3 Months Ended
Nov. 30, 2012
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 8 – ACCRUED LIABILITIES At November 30, 2012, the Company had accrued liabilities of $453,600, of which $220,300 was for estimated property taxes, $128,100 was for professional fees, $8,000 was for farm lease prepayments, $74,100 for purchase of HP A&M promissory notes, and $23,100 related to operating payables. At August 31, 2012, the Company had accrued liabilities of $172,600, of which $60,500 was for estimated property taxes, $56,800 was for professional fees, $33,500 was for farm lease prepayments, and the remaining $21,800 related to operating payables.

Note 8 - Accrued Liabilities

3 Months Ended

Nov. 30, 2012

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 8 – ACCRUED LIABILITIES

At November 30, 2012, the Company had accrued liabilities of $453,600, of which $220,300 was for estimated property taxes, $128,100 was for professional fees, $8,000 was for farm lease prepayments, $74,100 for purchase of HP A&M promissory notes, and $23,100 related to operating payables.

At August 31, 2012, the Company had accrued liabilities of $172,600, of which $60,500 was for estimated property taxes, $56,800 was for professional fees, $33,500 was for farm lease prepayments, and the remaining $21,800 related to operating payables.