v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2026
Jun. 30, 2025
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 558,900 $ 4,882,865 $ 538,412 $ 5,269,689 $ 14,186,255 $ 13,484,309  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         9,213,315 8,609,472  
Cost of retirement of utility property         (363,749) (381,620)  
Stock-based compensation         608,125 560,323  
Equity in earnings of unconsolidated affiliates (764,178)   (772,082)   (2,495,239) (2,427,470)  
Distributions from unconsolidated affiliate         2,365,166 2,658,656  
Changes in assets and liabilities which (used) provided cash, exclusive of changes and noncash transactions shown separately         (1,105,260) 5,769,346  
Net cash provided by operating activities         22,408,613 28,273,016  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to utility property         (16,074,186) (15,739,170)  
Investment in unconsolidated affiliates         (1,015,960) (50,894) $ (76,385)
Proceeds from disposal of utility property         31,441 33,395  
Net cash used in investing activities         (17,058,705) (15,756,669)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from issuance of unsecured notes         1,015,960 1,825,000  
Repayments of notes payable         (2,134,513) (2,080,000)  
Borrowings under line-of-credit         51,883,193 36,287,974  
Repayments under line-of-credit         (50,988,073) (42,462,627)  
Debt issuance expenses         (21,848) (1,312)  
Proceeds from issuance of stock         (1,718,095) (1,473,883)  
Cash dividends paid         (6,669,664) (6,326,561)  
Net cash used in financing activities         (5,196,850) (11,283,643)  
NET INCREASE IN CASH AND CASH EQUIVALENTS         153,058 1,232,704  
BEGINNING CASH AND CASH EQUIVALENTS   $ 2,320,369   $ 894,185 2,320,369 894,185 894,185
ENDING CASH AND CASH EQUIVALENTS $ 2,473,427   $ 2,126,889   2,473,427 2,126,889 $ 2,320,369
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:              
Interest         4,947,681 5,146,549  
Income taxes, net of refunds         $ 2,415,332 $ 3,400,000