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Note 3 - Property, Plant, Equipment and Water Programs
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY, PLANT, EQUIPMENT AND WATER PROGRAMS

 

On June 30, 2021, the Company recorded the acquisition of a 124-mile pipeline (“Pipeline”). The Pipeline will be depreciated and amortized over its useful life of 30 years.

 

Property, plant, equipment and water programs consist of the following (dollars in thousands) as of June 30, 2021 and December 31, 2020:

 

  

June 30,

2021

  

December 31,

2020

 
         

Land and land improvements

 $26,798  $26,798 

Water programs

  28,561   28,323 

Buildings

  1,576   1,576 

Leasehold improvements

  570   570 

Pipeline

  22,086   - 

Furniture and fixtures

  461   461 

Machinery and equipment

  2,029   2,029 

Construction in progress

  1,287   788 
   83,368   60,545 

Less accumulated depreciation

  (7,270

)

  (7,064

)

         
  $76,098  $53,481 

 

Depreciation expense was $206 thousand for the six months ended June 30, 2021.