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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
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Feb. 28, 2015
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Aug. 31, 2014
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| Current assets: | ||
| Cash and cash equivalents | $ 834,311us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 1,749,558us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Trade accounts receivable | 732,945us-gaap_AccountsReceivableNetCurrent | 1,626,090us-gaap_AccountsReceivableNetCurrent |
| Sky Ranch receivable | 79,915pcyo_SkyRanchReceivable | 50,915pcyo_SkyRanchReceivable |
| Land and water held for sale | 0us-gaap_AssetsHeldForSaleNotPartOfDisposalGroupCurrent | 699,826us-gaap_AssetsHeldForSaleNotPartOfDisposalGroupCurrent |
| Prepaid expenses | 416,463us-gaap_PrepaidExpenseCurrent | 336,867us-gaap_PrepaidExpenseCurrent |
| Total current assets | 2,063,634us-gaap_AssetsCurrent | 4,463,256us-gaap_AssetsCurrent |
| Investments in water and water systems, net | 95,001,643us-gaap_PropertyPlantAndEquipmentNet | 90,823,916us-gaap_PropertyPlantAndEquipmentNet |
| Land - Sky Ranch | 3,659,328us-gaap_LandAndLandImprovements | 3,662,754us-gaap_LandAndLandImprovements |
| Land and water held for sale | 1,500,000us-gaap_AssetsHeldForSaleNotPartOfDisposalGroup | 1,500,000us-gaap_AssetsHeldForSaleNotPartOfDisposalGroup |
| Note receivable - related party: | ||
| Rangeview Metropolitan District, including accrued interest | 656,653us-gaap_NotesReceivableRelatedPartiesNoncurrent | 568,022us-gaap_NotesReceivableRelatedPartiesNoncurrent |
| HP A&M receivable | 0pcyo_NoteReceivableRelatedPartyHpAm | 7,069,511pcyo_NoteReceivableRelatedPartyHpAm |
| Other assets | 83,603us-gaap_OtherAssetsNoncurrent | 86,363us-gaap_OtherAssetsNoncurrent |
| Total assets | 102,964,861us-gaap_Assets | 108,173,822us-gaap_Assets |
| Current liabilities: | ||
| Accounts payable | 235,066us-gaap_AccountsPayableCurrent | 1,379,647us-gaap_AccountsPayableCurrent |
| Current portion of promissory notes payable | 848,325us-gaap_OtherNotesPayableCurrent | 925,980us-gaap_OtherNotesPayableCurrent |
| WISE funding obligation | 280,000pcyo_WiseFundingObligation | 0pcyo_WiseFundingObligation |
| Accrued liabilities | 97,254us-gaap_AccruedLiabilitiesCurrent | 257,893us-gaap_AccruedLiabilitiesCurrent |
| Deferred revenues | 150,853us-gaap_DeferredRevenueCurrent | 65,124us-gaap_DeferredRevenueCurrent |
| Deferred oil and gas lease payment | 645,720pcyo_DeferredRevenueOilAndGasLeasePaymentCurrent | 645,720pcyo_DeferredRevenueOilAndGasLeasePaymentCurrent |
| Total current liabilities | 2,257,218us-gaap_LiabilitiesCurrent | 3,274,364us-gaap_LiabilitiesCurrent |
| Deferred revenues, less current portion | 1,139,194us-gaap_DeferredRevenueNoncurrent | 1,167,095us-gaap_DeferredRevenueNoncurrent |
| Deferred oil and gas lease payment, less current portion | 56,905pcyo_DeferredOilAndGasLeasePaymentLessCurrentPortion | 379,765pcyo_DeferredOilAndGasLeasePaymentLessCurrentPortion |
| Promissory notes payable, less current portion | 5,062,447us-gaap_OtherLongTermNotesPayable | 4,032,227us-gaap_OtherLongTermNotesPayable |
| WISE funding obligation, less current portion | 1,120,000pcyo_WiseFundingObligationLessCurrentPortion | 0pcyo_WiseFundingObligationLessCurrentPortion |
| Participating Interests in Export Water Supply | 347,494pcyo_RecordedPortionOfContingentObligation | 354,628pcyo_RecordedPortionOfContingentObligation |
| Tap Participation Fee payable to HP A&M, net of nil and $4.1 million discount, respectively | 0us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent | 7,935,262us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent |
| Total liabilities | 9,983,258us-gaap_Liabilities | 17,143,341us-gaap_Liabilities |
| Commitments and contingencies | ||
| Preferred stock: | ||
| Series B - par value $.001 per share, 25 million shares authorized; 432,513 shares issued and outstanding (liquidation preference of $432,513) | 433us-gaap_PreferredStockValue | 433us-gaap_PreferredStockValue |
| Common stock: | ||
| Common stock: Par value 1/3 of $.01 per share, 40 million shares authorized; 24,037,598 shares outstanding both periods presented | 80,130us-gaap_CommonStockValueOutstanding | 80,130us-gaap_CommonStockValueOutstanding |
| Collateral stock | (1,407,000)pcyo_CollateralStock | 0pcyo_CollateralStock |
| Additional paid-in capital | 172,228,205us-gaap_AdditionalPaidInCapital | 168,794,396us-gaap_AdditionalPaidInCapital |
| Accumulated deficit | (77,920,165)us-gaap_RetainedEarningsAccumulatedDeficit | (77,844,478)us-gaap_RetainedEarningsAccumulatedDeficit |
| Total shareholders' equity | 92,981,603us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 91,030,481us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
| Total liabilities and shareholders' equity | $ 102,964,861us-gaap_LiabilitiesAndStockholdersEquity | $ 108,173,822us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
This element represents revenue received for oil and gas lease, but not recognized for financial reporting purposes, which is anticipated to be recognized for financial reporting purposes within one year of the reporting date or one operating cycle, if longer. No definition available.
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No authoritative reference available. No definition available.
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The contingent obligation for participating interests in export water. No definition available.
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Amount recivable from lease with respect to Sky Ranch within one year (or the normal operating cycle, if longer). No definition available.
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No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of assets held-for-sale that are not part of a disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of assets held-for-sale that are not part of a disposal group, expected to be sold within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated deprecation and depletion of real estate held for productive use and additions or improvements to real estate held for productive use, examples include, but are not limited to, walkways, driveways, fences, and parking lots. Excludes land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregated carrying amounts of obligations as of the balance sheet date, excluding long-term debt, incurred as part of the normal operations that are expected to be paid after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Credits and Other Liabilities. No definition available.
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Amounts due from parties associated with the reporting entity as evidenced by a written promise to pay, due after 1 year (or 1 business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying value of the noncurrent portion of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying value of the current portion of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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