XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.2

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

For the three and six months ended June 30, 2025 and 2024, disaggregated revenue from contracts with customers by major source and customer class is as follows (in thousands):

			Three Months Ended June 30,									Six Months Ended June 30,
			2025			2024						2025			2024
Regulated revenue
Water Service
Residential			$	4,990		$	4,807					$	9,377		$	8,969
Irrigation			1,173			887						1,793			1,254
Commercial			412			384						795			711
Multi-family			111			79						192			137
Construction			424			240						751			393
Other water revenue			258			271						440			430
Total water revenue			7,368			6,668						13,348			11,894
Wastewater and recycled water service
Residential			5,928			5,977						11,797			11,811
Commercial			293			312						580			617
Multi-family			58			42						107			81
Recycled water revenue			505			406						698			527
Other wastewater revenue			89			105						168			190
Total wastewater and recycled water revenue			6,873			6,842						13,350			13,226
Total regulated revenue			14,241			13,510						26,698			25,120
Total revenue			$	14,241		$	13,510					$	26,698		$	25,120

Schedule of Contract Assets, Liabilities and Deferred Revenue

The Company’s contract assets and liabilities consist of the following (in thousands):

			June 30, 2025			December 31, 2024
Contract assets
Accounts receivable, net			$	3,830		$	3,233
Total contract assets			$	3,830		$	3,233
Contract liabilities
Deferred revenue - ICFA			$	22,449		$	21,517
Total contract liabilities			$	22,449		$	21,517

			December 31, 2024 Balance			Payments Allocated to Deferred Revenue			Revenue Recognized			June 30, 2025 Balance
Deferred Revenue - ICFA			$	21,517		$	932		$	—		$	22,449

Schedule of Accounts Receivable

Accounts receivable as of June 30, 2025 and December 31, 2024 consist of the following (in thousands):

			June 30, 2025			December 31, 2024
Billed receivables			$	4,000		$	3,396
Less provision for credit losses			(170)			(163)
Accounts receivable, net			$	3,830		$	3,233

Summary of Allowance for Credit Loss Activity

The following table summarizes the allowance for credit loss activity as of June 30, 2025 and December 31, 2024 (in thousands):

			June 30, 2025			December 31, 2024
Beginning of Period			$	(163)		$	(122)
Credit Loss Expense			(59)			(103)
Write Offs			56			90
Recoveries			(4)			(28)
End of Period			$	(170)		$	(163)

X

- 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

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss of financing receivable, classified as current.

+ References

Reference 1: 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

Name:	us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration