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 ($)
 6 Months Ended 233 Months Ended
Feb. 29, 2016
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 [1]   533,000
Export Water Sale Payments 34,400 569,200
Balance, ending 1,247,000 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 [1]   (373,100)
Export Water Sale Payments (30,300) (445,800)
Balance, ending 29,755,900 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 [1]   (159,900)
Export Water Sale Payments (4,100) (123,400)
Balance, ending 1,023,300 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 [1]   (55,800)
Export Water Sale Payments (1,400) (42,900)
Balance, ending 344,600 346,000
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 [1]   (104,100)
Export Water Sale Payments (2,700) (80,500)
Balance, ending $ 678,700 $ 681,400
[1] The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.