| Schedule of remaining third party obligation |
| |
|
Export
Water
Proceeds
Received
|
|
|
Initial
Export
Water
Proceeds to Pure Cycle
|
|
|
Total
Potential
Third
Party
Obligation
|
|
|
Paticipating
Interests
Liability
|
|
|
Contingency |
|
| Original
balances |
|
$ |
|
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
| Activity
from inception until August 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
|
|
|
|
28,077,500 |
|
|
|
(28,077,500 |
) |
|
|
(9,790,000 |
) |
|
|
(18,287,500 |
) |
| Relinquishment |
|
|
|
|
|
|
2,386,400 |
|
|
|
(2,386,400 |
) |
|
|
(832,100 |
) |
|
|
(1,554,300 |
) |
| Option
payments - Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| and
The Hills at Sky Ranch |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
| Arapahoe
County tap fees * |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
| Export
Water sale payments |
|
|
360,900 |
|
|
|
(262,200 |
) |
|
|
(98,700 |
) |
|
|
(34,300 |
) |
|
|
(64,400 |
) |
| Balance at August
31, 2014 |
|
|
1,004,300 |
|
|
|
30,004,800 |
|
|
|
1,017,100 |
|
|
|
354,600 |
|
|
|
662,500 |
|
| Fiscal 2015 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export
Water sale payments |
|
|
172,000 |
|
|
|
(151,500 |
) |
|
|
(20,500 |
) |
|
|
(7,100 |
) |
|
|
(13,400 |
) |
| Balance
at February 28, 2015 |
|
$ |
1,176,300 |
|
|
$ |
29,853,300 |
|
|
$ |
996,600 |
|
|
$ |
347,500 |
|
|
$ |
649,100 |
|
|
| Schedule of future maturities |
| Mortgage
notes payable, mainly bear interest at 5%, 5-year term; one note in amount of $4.45 million has 20-year term |
|
$
|
5,910,800 |
|
| Less:
current portion |
|
|
(848,300 |
) |
| Total
long-term mortgage payable |
|
$ |
5,062,500 |
|
| |
|
|
|
|
| Future long-term
maturities |
|
|
|
|
| 2016 |
|
|
578,600 |
|
| 2017 |
|
|
576,000 |
|
| 2018 |
|
|
164,500 |
|
| 2019 |
|
|
157,100 |
|
| 2020 |
|
|
169,800 |
|
| Post
2020 |
|
|
3,416,500 |
|
| Total |
|
$ |
5,062,500 |
|
|