Quarterly report pursuant to Section 13 or 15(d)

4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details)

v3.3.1.900
4. LONG-TERM OBLIGATIONS AND OPERATING LEASE (Details) - USD ($)
 3 Months Ended 233 Months Ended
Nov. 30, 2015
Aug. 31, 2015
Export Water Proceeds Received    
Remaining Third Party Obligation:    
Balance, original   $ 0
Balance, beginning $ 1,212,600  
Acquisitions   0
Relinquishment   0
Option payments   110,400
Arapahoe Tap fees   533,000
Export Water Sale Payments 11,900 569,200
Balance, ending 1,224,500 1,212,600
Initial Export Water Proceeds To Pure Cycle    
Remaining Third Party Obligation:    
Balance, original   218,500
Balance, beginning 29,786,200  
Acquisitions   28,042,500
Relinquishment   2,386,400
Option payments   (42,300)
Arapahoe Tap fees   (373,100)
Export Water Sale Payments (10,400) (445,800)
Balance, ending 29,775,800 29,786,200
Total Potential Third Party Obligation    
Remaining Third Party Obligation:    
Balance, original   31,807,700
Balance, beginning 1,027,400  
Acquisitions   (28,042,500)
Relinquishment   (2,386,400)
Option payments   (68,100)
Arapahoe Tap fees   (159,900)
Export Water Sale Payments (1,500) (123,400)
Balance, ending 1,025,900 1,027,400
Participating Interests Liability    
Remaining Third Party Obligation:    
Balance, original   11,090,600
Balance, beginning 346,000  
Acquisitions   (9,790,000)
Relinquishment   (832,100)
Option payments   (23,800)
Arapahoe Tap fees   (55,800)
Export Water Sale Payments (500) (42,900)
Balance, ending 345,500 346,000
Contingency    
Remaining Third Party Obligation:    
Balance, original   20,717,100
Balance, beginning 681,400  
Acquisitions   (18,252,500)
Relinquishment   (1,554,300)
Option payments   (44,300)
Arapahoe Tap fees   (104,100)
Export Water Sale Payments (1,000) (80,500)
Balance, ending $ 680,400 $ 681,400