LONG-TERM WATER ASSETS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Water Revenues and Cost of Sales |
Water revenues and cost of sales were as follows for the years ended December 31: | | | | | | | | | | | | | | | | | | | ($ in thousands) | 2025 | | 2024 | | 2023 | | | | | | | | Acre-Feet Sold | 3,177 | | | 3,500 | | | 5,145 | | | | | | | | | Revenues | $ | 4,312 | | | $ | 4,383 | | | $ | 8,033 | | | Cost of sales | 3,431 | | | 3,555 | | | 5,220 | | | Profit | $ | 881 | | | $ | 828 | | | $ | 2,813 | |
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| Schedule of Tangible Water Assets |
Costs assigned to water assets held for future use were as follows ($ in thousands): | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Banked water and water for future delivery | $ | 44,681 | | | $ | 36,048 | | | Transferable water | 266 | | | 35 | | | Total water held for future use at cost | $ | 44,947 | | | $ | 36,083 | |
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| Schedule of Finite-Lived Intangible Assets |
The Company's carrying amounts of its purchased water contracts were as follows ($ in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Costs | | Accumulated Depreciation | | Costs | | Accumulated Depreciation | Dudley-Ridge water purchase contract* | $ | 11,581 | | | $ | (7,237) | | | $ | 11,581 | | | $ | (6,755) | | Nickel water purchase contract* | 18,740 | | | (7,817) | | | 18,740 | | | (7,175) | | Tulare Lake Basin water purchase contract* | 6,479 | | | (4,100) | | | 6,479 | | | (3,862) | | | $ | 36,800 | | | $ | (19,154) | | | $ | 36,800 | | | $ | (17,792) | | | Net cost of purchased water contracts | 17,646 | | | | | 19,008 | | | | | Total cost of water held for future use | 44,947 | | | | | 36,083 | | | | | Net investments in water assets | $ | 62,593 | | | | | $ | 55,091 | | | | *All water purchase contracts were acquired from third parties. |
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| Schedule of Components of Water Assets |
Total water resources, including both recurring and one-time usage are: | | | | | | | | | | | | | (in acre feet) | December 31, 2025 | | December 31, 2024 | | Water held for future use: | | | | | TCWD - Banked water owned by the Company | 65,199 | | | 60,936 | | | Company water bank | 54,728 | | | 54,728 | | | Transferable water | 265 | | | 505 | | | Recharged water | 6,797 | | | 6,797 | | | Total water held for future use | 126,989 | | | 122,966 | | | Water purchase contracts: | | | | | Water Contracts (Dudley-Ridge, Nickel and Tulare) | 10,137 | | | 10,137 | | | WRMWSD - Contracts with Company | 15,547 | | | 15,547 | | | TCWD - Contracts with Company | 5,749 | | | 5,749 | | | Total water purchase contracts | 31,433 | | | 31,433 | | | Total water held for future use and purchased water contracts | 158,422 | | | 154,399 | | | | | |
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