v3.26.1
Note 5 - Other Assets
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Other Assets Disclosure [Text Block]

NOTE 5 OTHER ASSETS

 

Other assets include the following (dollars in thousands):

 

  

December 31,

 
  

2025

  

2024

 
         

Prepaid rent

 $4,137  $4,252 

Pipeline purchase option

  5,000   5,000 
Deferred finance costs  3,040   - 
Loan commitment asset  4,949   - 

Deposits and other

  66   1,080 
  $17,192  $10,332 

 

Prepaid rent primarily consists of fees incurred to obtain the rights-of-way for the Mojave Groundwater Bank. Amortization of prepaid rent was approximately $115,000 for each of the years ended December 31, 2025 and 2024.