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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net loss $ (1,508) $ (1,794)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 3,800 3,137
Amortization of discount of marketable securities (154) (425)
Equity in earnings of unconsolidated joint ventures, net (6,268) (7,611)
Non-cash retirement plan expense 321 267
Gain on sale of property plant and equipment 0 (8)
Deferred income taxes (31) 3
Stock compensation expense 1,157 4,086
Excess tax provision (benefit) from stock-based compensation 31 (1)
Distribution of earnings from unconsolidated joint ventures 2,815 1,092
Changes in operating assets and liabilities:    
Receivables, inventories, prepaids and other assets, net (1,381) 1,292
Current liabilities (2,888) 1,007
Net cash (used in) provided by operating activities (4,106) 1,045
Investing Activities    
Maturities and sales of marketable securities 29,508 85,769
Funds invested in marketable securities (32,387) (66,640)
Real estate and equipment expenditures (49,393) (40,995)
Reimbursement proceeds from Community Facilities District 5,559 3,309
Proceeds from sale of property plant and equipment 44 13
Investment in unconsolidated joint ventures (1,278) 0
Distribution of equity from unconsolidated joint ventures 773 5,783
Investments in water assets (8,926) (4,616)
Net cash used in investing activities (56,100) (17,377)
Financing Activities    
Borrowings on line of credit 25,000 12,000
Taxes on vested stock grants (490) (206)
Net cash provided by financing activities 24,510 11,794
Decrease in cash, cash equivalents, and restricted cash (35,696) (4,538)
Cash, cash equivalents, and restricted cash at beginning of period 39,767 32,407
Cash, cash equivalents, and restricted cash at end of period 4,071 27,869
Reconciliation to amounts on consolidated balance sheets:    
Cash and cash equivalents 3,571 27,369
Restricted cash (included in prepaid expenses and other current assets) 500 500
Total cash, cash equivalents, and restricted cash 4,071 27,869
Non-cash investing activities    
Accrued capital expenditures included in current liabilities 2,054 4,255
Accrued long-term water assets included in current liabilities $ 852 $ 300