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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of disaggregation of revenue |
(in thousands) | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue recognized at a point-in-time | $ | 16,974 |  |  | $ | 20,575 |  |  | $ | 29,959 |  |  | $ | 30,654 |
Revenue recognized over time | 1,139 |  |  | 719 |  |  | 2,139 |  |  | 1,228 |
Total | $ | 18,113 |  |  | $ | 21,294 |  |  | $ | 32,098 |  |  | $ | 31,882 |
Revenues disaggregated by significant products and services for the three and six months ended March 31, 2024 and 2023 are as follows:
(in thousands) | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Alico Citrus |  |  |  |  |  |  |
Early and Mid-Season | $ | 2,139 |  |  | $ | 2,368 |  |  | $ | 14,534 |  |  | $ | 11,954 |
Valencias | 14,732 |  |  | 17,930 |  |  | 14,732 |  |  | 17,930 |
Fresh Fruit and Other | 103 |  |  | 277 |  |  | 693 |  |  | 770 |
Grove Management Services | 788 |  |  | 362 |  |  | 1,395 |  |  | 551 |
Total | $ | 17,762 |  |  | $ | 20,937 |  |  | $ | 31,354 |  |  | $ | 31,205 |
Land Management and Other Operations |  |  |  |  |  |  |
Land and Other Leasing | $ | 278 |  |  | $ | 273 |  |  | $ | 592 |  |  | $ | 554 |
Other | 73 |  |  | 84 |  |  | 152 |  |  | 123 |
Total | $ | 351 |  |  | $ | 357 |  |  | $ | 744 |  |  | $ | 677 |
Total Revenues | $ | 18,113 |  |  | $ | 21,294 |  |  | $ | 32,098 |  |  | $ | 31,882 |
Schedule of Short-Term Debt | The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:
(in thousands) | March 31, 2024 |  | September 30, 2023
Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Corporate debt |  |  |  |  |  |  |
Current portion of long-term debt | $ | 1,410 |  |  | $ | 1,367 |  |  | $ | 2,566 |  |  | $ | 2,325 |
Long-term debt | $ | 83,452 |  |  | $ | 75,934 |  |  | $ | 126,753 |  |  | $ | 115,851 |
Schedule of Revenue by Major Customers by Reporting Segments | Accounts receivable from the Company’s major customer as of March 31, 2024 and September 30, 2023, and revenue from such customer for the six months ended March 31, 2024 and 2023, are as follows:
(in thousands) | Accounts Receivable |  | Revenue |  | % of Total Revenue
March 31, |  | September 30, |  | March 31, |  | March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Tropicana | $ | 8,106 |  |  | $ | — |  |  | $ | 28,857 |  |  | $ | 28,065 |  |  | 89.9 | % |  | 88.0 | %

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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