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LONG-TERM WATER ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Water Revenues and Cost of Sales | Water revenues and cost of sales were as follows for the nine months ended ($ in thousands):
| September 30, 2025 |  | September 30, 2024
Acre-Feet Sold | 2,362 |  |  | 2,625 |
Revenues | $ | 3,156 |  |  | $ | 3,260 |
Cost of sales | 2,548 |  |  | 2,663 |
Profit | $ | 608 |  |  | $ | 597 |
Schedule of Tangible Water Assets | Costs assigned to water assets held for future use were as follows ($ in thousands):
| September 30, 2025 |  | December 31, 2024
Banked water and water for future delivery | $ | 45,182 |  |  | $ | 36,048 |
Transferable water | 679 |  |  | 35 |
Total water held for future use at cost | $ | 45,861 |  |  | $ | 36,083 |
Schedule of Finite-Lived Intangible Assets | The Company’s carrying amounts of its purchased water contracts were as follows ($ in thousands):
| September 30, 2025 |  | December 31, 2024
| Costs |  | Accumulated Depreciation |  | Costs |  | Accumulated Depreciation
Dudley-Ridge water purchase contract * | $ | 11,581 |  |  | $ | (7,117) |  |  | $ | 11,581 |  |  | $ | (6,755) |
Nickel water purchase contract * | 18,740 |  |  | (7,657) |  |  | 18,740 |  |  | (7,175) |
Tulare Lake Basin water purchase contract * | 6,479 |  |  | (4,040) |  |  | 6,479 |  |  | (3,862) |
| $ | 36,800 |  |  | $ | (18,814) |  |  | $ | 36,800 |  |  | $ | (17,792) |
Net cost of purchased water contracts | 17,986 |  |  |  |  | 19,008 |  |  |
Total cost of water held for future use | 45,861 |  |  |  |  | 36,083 |  |  |
Net investments in water assets | $ | 63,847 |  |  |  |  | $ | 55,091 |  |  |
*All water purchase contracts were acquired from third parties.
Schedule of Components of Water Assets | Total water resources, including both recurring and one-time usage are:
(in acre-feet, unaudited) | September 30, 2025 |  | December 31, 2024
Water held for future use |  |  |
TCWD - Banked water owned by the Company | 63,406 |  |  | 60,936 |
Company water bank | 54,728 |  |  | 54,728 |
Transferable water | 933 |  |  | 505 |
Recharged water | 6,797 |  |  | 6,797 |
Total water held for future use | 125,864 |  |  | 122,966 |
Purchased water contracts |  |  |
Water Contracts (Dudley-Ridge, Nickel and Tulare) | 10,137 |  |  | 10,137 |
WRMWSD - Contracts with the Company | 15,547 |  |  | 15,547 |
TCWD - Contracts with the Company | 5,749 |  |  | 5,749 |
Total purchased water contracts | 31,433 |  |  | 31,433 |
Total water held for future use and purchased water contracts | 157,297 |  |  | 154,399 |

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