2 unchanged sentences
Our common stock is traded on The NASDAQ Stock Market under the symbol “PCYO.”
−Removed: On October 29, 2020, there were 772 holders of record of our common stock.
−Removed: We have never paid any dividends on our common stock and expect for the foreseeable future to retain all of our capital and earnings from operations, if any, for use in expanding and developing our water and land
−Removed: development businesses.
−Removed: Any future decision as to the payment of dividends will be at the discretion of our board of directors and will depend upon our earnings, financial position, capital requirements, plans for expansion and such other factors
−Removed: as our board of directors deems relevant.
−Removed: The terms of our Series B Preferred Stock prohibit payment of dividends on common stock unless all dividends accrued on the Series B Preferred Stock have been paid and require dividends to be paid on the
−Removed: Series B Preferred Stock if proceeds from the sale of Export Water exceed $36,026,232.
+Added: On November 3, 2021, there were 804 holders of record of our common stock.
+Added: We have never paid any dividends on our common stock and expect for the foreseeable future to retain all of our capital and earnings from operations, if any, for use in expanding and developing our water and land development businesses.
+Added: Any future decision as to the payment of dividends will be at the discretion of our board of directors and will depend upon our earnings, financial position, capital requirements, plans for expansion and such other factors as our board of directors deems relevant.
+Added: The terms of our Series B Preferred Stock prohibit payment of dividends on common stock unless all dividends accrued on the Series B Preferred Stock have been paid and require dividends to be paid on the Series B Preferred Stock if proceeds from the sale of Export Water exceed $36,026,232.
+Added: No dividends have been accrued to date as this threshold has not been met.
For further discussion, see Note 8 – Shareholders’ Equity to the accompanying consolidated financial statements.
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Item 6 – Selected Financial Data
−Removed: Selected Financial Data Table
−Removed: In thousands (except per share data)
−Removed: For the Fiscal Years Ended August 31,
−Removed: Summary Statement of Operations Items:
−Removed: Total revenue
−Removed: Income (loss) before taxes
−Removed: Net income (loss)
−Removed: Basic income (loss) per share
−Removed: Diluted income (loss) per share
−Removed: Weighted-average basic shares outstanding
−Removed: Weighted-average diluted shares outstanding
−Removed: As of August 31,
−Removed: Summary Balance Sheet Information:
−Removed: Current assets
−Removed: Current liabilities
−Removed: Long-term liabilities
−Removed: Total liabilities
−Removed: Shareholders’ equity
−Removed: The following items had a significant impact on our operations:
−Removed: In fiscal 2020, due to land development activities at Sky Ranch, we recognized $18.9 million in revenue from lot sales and $5.7 million in revenue from the sale of water and wastewater taps.
−Removed: Our revenue from water sales decreased by
−Removed: 78% to $1.0 million primarily related to the decline in the demand for industrial water sales, and we recorded a non-cash long-lived asset impairment charge of $1.4 million on our mineral rights in the Arkansas Valley, Colorado, in both
−Removed: cases due to the drop of the price of crude oil as a result of increased world-wide production and lower demand because of the COVID-19 pandemic and related shelter-in-place and stay-at-home orders.
−Removed: We invested $8.0 million in our land,
−Removed: water and wastewater systems, including $1.9 million for the wastewater facility at Sky Ranch, $586,400 for the purchase of equipment, and $8.5 million in costs related to the development of our Sky Ranch property.
−Removed: During fiscal 2020, we
−Removed: had net sales or maturities of marketable securities of $5.2 million.
−Removed: In addition, we received $10.5 million as partial reimbursement for advances we made to the Sky Ranch CAB to fund the construction of public improvements at the Sky
−Removed: Ranch property.
−Removed: Of the $10.5 million we received, $6.3 million was recognized in Other income and the remaining $4.2 million partially reduced the remaining capitalized costs in Land development i nventories .
−Removed: In fiscal 2019, due to land development activities at Sky Ranch, we recognized $12.0 million in revenue from lot sales and $3.4 million in revenue from the sale of water and wastewater taps.
−Removed: Our revenue from water sales increased by 2%
−Removed: to $4.7 million primarily related to industrial water sales.
−Removed: We invested $14.1 million in our water and wastewater systems, including $8.1 million for the wastewater facility at Sky Ranch and $3.5 million for a water right and land
−Removed: acquisition, $354,000 for the purchase of equipment and $17.7 million in costs related to the development of our Sky Ranch property.
−Removed: During fiscal 2019, we had net sales or maturities of marketable securities of $3.7 million.
−Removed: we released our valuation allowance on our net deferred tax assets and recognized a deferred tax benefit of $1.3 million.
−Removed: In fiscal 2018, we invested $1.1 million in our water and wastewater systems, $1.8 million for the construction of pipelines, $5.3 million related to the development of our Sky Ranch property, and $445,400 for the purchase of
−Removed: During fiscal 2018, we had net sales or maturities of marketable securities of $11.4 million.
−Removed: Our revenue from water sales increased by 452% to $4.6 million primarily related to industrial water sales.
−Removed: In addition, we began
−Removed: construction at Sky Ranch and recognized $2.1 million in revenue from platted lot sales under the percentage-of-completion method.
−Removed: In fiscal 2017, we invested $2.5 million in our water and wastewater systems, $4.4 million for the construction of pipelines, $0.9 million related to development of our Sky Ranch property, and $95,400 for the purchase of equipment.
−Removed: During fiscal 2017, we had sales or maturities of marketable securities of $9.8 million.
−Removed: In fiscal 2016, we invested $923,800 in our water and wastewater systems and $285,600 for planning and design of our Sky Ranch property.
−Removed: We also purchased land for $450,300 in the Arkansas River Valley in Southeastern Colorado.
+Added: Not Applicable
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.