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

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

3 Months Ended

Nov. 30, 2019

The following table summarizes wholesale water and wastewater services and land development revenue information by segment:

	Three Months Ended November 30,
	2019		2018
Wholesale water and wastewater services	$	1,919,386	$	1,691,353
Land development activities		8,541,643		1,381,196
Total revenues	$	10,461,029	$	3,072,549

The following table summarizes wholesale water and wastewater services and land development pretax income by segment:

	Three Months Ended November 30,
	2019			2018
Wholesale water and wastewater services	$	1,396,447		$	1,163,073
Land development activities		6,753,810			82,872
Depreciation, general and administrative expenses		(500,673	)		(611,973	)
Total pretax income	$	7,649,584		$	633,972

The following table summarizes total assets for the Company’s wholesale water and wastewater services business and land development business by segment. The assets consist of water rights and water and wastewater systems in the Company’s wholesale water and wastewater services segment and land, inventories and deposits in the Company’s land development segment. The Company’s other assets (“Corporate”) primarily consist of cash and cash equivalents, equipment, mineral rights, related party notes receivables and a deferred tax asset.

	November 30, 2019		August 31, 2019
Wholesale water and wastewater services	$	52,547,240	$	51,588,079
Land development activities		9,193,174		16,866,542
Corporate		27,189,095		15,266,783
Total assets	$	88,929,509	$	83,721,404