Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit from Continuing Operations

The income tax benefit from continuing operations for the years ended December 31, 2019 and 2018 is comprised of the following (in thousands):

	2019
	Federal		State		Total
Current income tax expense	$	314	$	220	$	534
Deferred income tax expense (benefit)	670		(42)		628
Income tax expense	$	984	$	178	$	1,162

	2018
	Federal		State		Total
Current income tax expense	$	487	$	—	$	487
Deferred income tax expense	1,094		201		$	1,295
Income tax expense	$	1,581	$	201	$	1,782

Summary of Deferred Tax Assets and Deferred Tax Liabilities Including Valuation Allowance

The following table summarizes the Company’s temporary differences between book and tax accounting that give rise to the deferred tax assets and deferred tax liabilities, as of December 31, 2019 and 2018 (in thousands):

	December 31, 2019		December 31, 2018
DEFERRED TAX ASSETS:
Taxable meter deposits	$	23	$	23
Net operating loss carry forwards	453		2,343
Balterra intangible asset acquisition	224		224
Deferred gain on Sale of GWM	1,067		1,086
Deferred gain on ICFA funds received	4,320		4,317
Equity investment loss	426		407
AIAC	1,264		332
Other	1,059		958
Total deferred tax assets	8,836		9,690
Valuation allowance	—		—
Net deferred tax asset	8,836		9,690
DEFERRED TAX LIABILITIES:
Regulatory liability	(286)		(301)
CP Water intangible asset acquisition	(381)		(381)
ICFA intangible asset	(807)		(818)
Property,  plant and equipment	(11,302)		(9,773)
Gain on condemnation of Valencia	(120)		(2,145)
Other Liabilities	(858)		(623)
Total deferred tax liabilities	(13,754)		(14,041)
Net deferred tax liability	$	(4,918)	$	(4,351)