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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | For the three months ended March 31, 2025 and 2024, disaggregated revenue from contracts with customers by major source and customer class are as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  | 2025 | 2024
Regulated revenue |  |  |  |  |
Water Service |  |  |  |  |
Residential |  |  |  | $ | 4,388 |  | $ | 4,162 |
Irrigation |  |  |  | 620 |  | 367 |
Commercial |  |  |  | 383 |  | 328 |
Multi-family |  |  |  | 81 |  | 57 |
Construction |  |  |  | 327 |  | 153 |
Other water revenue |  |  |  | 181 |  | 159 |
Total water revenue |  |  |  | 5,980 |  | 5,226 |
Wastewater and recycled water service |  |  |  |  |
Residential |  |  |  | 5,868 |  | 5,834 |
Commercial |  |  |  | 287 |  | 305 |
Multi-family |  |  |  | 49 |  | 39 |
Recycled water revenue |  |  |  | 193 |  | 121 |
Other wastewater revenue |  |  |  | 80 |  | 85 |
Total wastewater and recycled water revenue |  |  |  | 6,477 |  | 6,384 |
Total regulated revenue |  |  |  | 12,457 |  | 11,610 |
Total revenue |  |  |  | $ | 12,457 |  | $ | 11,610 |
Schedule of Contract Assets, Liabilities and Deferred Revenue | The Company’s contract assets and liabilities consist of the following (in thousands):
| March 31, 2025 | December 31, 2024
Contract assets |  |
Accounts receivable, net | $ | 3,300 |  | $ | 3,233 |
Total contract assets | $ | 3,300 |  | $ | 3,233 |
Contract liabilities |  |
Deferred revenue - ICFA | $ | 21,559 |  | $ | 21,517 |
Total contract liabilities | $ | 21,559 |  | $ | 21,517 |
| December 31, 2024 Balance | Payments Allocated to Deferred Revenue | Revenue Recognized | March 31, 2025 Balance
Deferred Revenue - ICFA | $ | 21,517 |  | $ | 42 |  | $ | — |  | $ | 21,559 |
Schedule of Accounts Receivable | Accounts receivable as of March 31, 2025 and December 31, 2024 consist of the following (in thousands):
| March 31, 2025 | December 31, 2024
Billed receivables | $ | 3,495 |  | $ | 3,396 |
Less provision for credit losses | (195) |  | (163) |
Accounts receivable, net | $ | 3,300 |  | $ | 3,233 |
Schedule of Allowance for Doubtful Accounts Activity | The following table summarizes the allowance for credit loss activity as of March 31, 2025 and December 31, 2024 (in thousands):
| March 31, 2025 | December 31, 2024
Beginning of Period | $ | (163) |  | $ | (122) |
Credit Loss Expense | (30) |  | (103) |
Write Offs | 1 |  | 90 |
Recoveries | (3) |  | (28) |
End of Period | $ | (195) |  | $ | (163) |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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