LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
 9 Months Ended
May 31, 2019
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract]  
Remaining Third Party Obligation
The remaining potential third-party obligation at May 31, 2019, is approximately $1 million.

  
Export
Water
Proceeds
Received
  
Initial Export
Water
Proceeds to
Pure Cycle
  
Total
Potential
Third-Party
Obligation
  
Participating
Interests
Liability
  
Contingency
 
Original balances
 
$
—
  
$
218,500
  
$
31,807,700
  
$
11,090,600
  
$
20,717,100
 
Activity from inception until August 31, 2018:
                    
Acquisitions
  
—
   
28,042,500
   
(28,042,500
)
  
(9,790,000
)
  
(18,252,500
)
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 (1)
  
533,000
   
(373,100
)
  
(159,900
)
  
(55,800
)
  
(104,100
)
Export Water sale payments
  
737,300
   
(593,900
)
  
(143,400
)
  
(49,800
)
  
(93,600
)
Balance at August 31, 2018
  
1,380,700
   
29,638,100
   
1,007,400
   
339,100
   
668,300
 
Fiscal 2019 activity:
                    
Export Water sale payments
  
144,700
   
(127,500
)
  
(17,200
)
  
(6,000
)
  
(11,200
)
Balance at May 31, 2019
 
$
1,525,400
  
$
29,510,600
  
$
990,200
  
$
333,100
  
$
657,100
 

(1)
The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board.