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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- PRESENTATION OF INTERIM INFORMATION (Policies)
Notes Tables
Notes Details

INVESTMENTS

INVESTMENTS	3 Months Ended
Nov. 30, 2022
INVESTMENTS.
INVESTMENTS	NOTE 2 – INVESTMENTS Management determines the appropriate classification of its investments in U.S. Treasury debt securities at the time of purchase and re-evaluates such determinations each reporting period. U.S. Treasury debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity. On November 30, 2022, the Company had $15.1 million of investments classified as held-to-maturity, which are comprised entirely of Treasury Bills with maturity dates in March 2023. On November 30, 2022, the Company had just over $0.1 million in unamortized discount on Treasury Bills. Investments are being carried at amortized cost.

INVESTMENTS

3 Months Ended

Nov. 30, 2022

INVESTMENTS.

INVESTMENTS

NOTE 2 – INVESTMENTS

Management determines the appropriate classification of its investments in U.S. Treasury debt securities at the time of purchase and re-evaluates such determinations each reporting period.

U.S. Treasury debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity. On November 30, 2022, the Company had $15.1 million of investments classified as held-to-maturity, which are comprised entirely of Treasury Bills with maturity dates in March 2023. On November 30, 2022, the Company had just over $0.1 million in unamortized discount on Treasury Bills. Investments are being carried at amortized cost.