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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

			Three Months Ended September 30,									Nine Months Ended September 30,
			2025			2024						2025			2024
Regulated revenue
Water Service
Residential			$	5,583		$	5,034					$	14,961		$	14,003
Irrigation			1,530			1,205						3,323			2,459
Commercial			652			446						1,447			1,158
Multi-family			121			95						313			231
Construction			251			469						1,002			861
Other water revenue			344			244						783			675
Total water revenue			8,481			7,493						21,829			19,387
Wastewater and recycled water service
Residential			5,978			5,796						17,775			17,607
Commercial			297			292						877			908
Multi-family			93			44						200			126
Recycled water revenue			568			607						1,266			1,133
Other wastewater revenue			102			89						270			280
Total wastewater and recycled water revenue			7,038			6,828						20,388			20,054
Total revenue			$	15,519		$	14,321					$	42,217		$	39,441

Schedule of Contract Assets, Liabilities and Deferred Revenue

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

			September 30, 2025			December 31, 2024
Contract assets
Accounts receivable, net			$	3,768		$	3,233
Total contract assets			$	3,768		$	3,233
Contract liabilities
Deferred revenue - ICFA			$	22,527		$	21,517
Total contract liabilities			$	22,527		$	21,517

			December 31, 2024 Balance			Payments Allocated to Deferred Revenue			Revenue Recognized			September 30, 2025 Balance
Deferred Revenue - ICFA			$	21,517		$	1,010		$	—		$	22,527

Schedule of Accounts Receivable

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

			September 30, 2025			December 31, 2024
Billed receivables			$	3,946		$	3,396
Less provision for credit losses			(178)			(163)
Accounts receivable, net			$	3,768		$	3,233

Summary of Allowance for Credit Loss Activity

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

			September 30, 2025			December 31, 2024
Beginning of Period			$	(163)		$	(122)
Credit Loss Expense			(99)			(103)
Write Offs			94			90
Recoveries			(10)			(28)
End of Period			$	(178)		$	(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

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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

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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

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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

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