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Revenue Recognition
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregated Revenue
Disaggregated revenue from contracts with customers by major source and customer class was as follows:
Years Ended
December 31,
(in thousands)20252024
Regulated revenue
Water Service
Residential$19,948 $18,612 
Irrigation4,084 3,332 
Commercial1,945 1,551 
Multi-family439 320 
Construction1,156 1,140 
Other water revenue1,037 1,109 
Total water revenue28,609 26,064 
Wastewater and recycled water service
Residential23,803 23,404 
Commercial1,186 1,195 
Multi-family300 174 
Recycled water revenue1,501 1,500 
Other wastewater revenue359 355 
Total wastewater and recycled water revenue27,149 26,628 
Total revenue$55,758 $52,692 
Contract Balances
The Company’s contract assets and liabilities consisted of the following:
(in thousands)December 31, 2025December 31, 2024
Contract assets
Accounts receivable, net$3,746 $3,233 
Total contract assets$3,746 $3,233 
Contract liabilities
Deferred revenue - ICFA$22,772 $21,517 
Total contract liabilities$22,772 $21,517 
Accounts Receivable and Allowance for Credit Losses
Accounts receivable consisted of the following:
(in thousands)December 31, 2025December 31, 2024
Billed receivables$3,990 $3,396 
Less: provision for credit losses(244)(163)
Accounts receivable, net$3,746 $3,233 
The following table summarizes the allowance for credit loss activity:
(in thousands)December 31, 2025December 31, 2024
Beginning of period$(163)$(122)
Credit loss expense(193)(103)
Write offs123 90 
Recoveries(11)(28)
End of period$(244)$(163)
Remaining Performance Obligations
Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Deferred revenue from ICFAs is recognized as revenue once the obligations specified within the applicable ICFA are met, including construction of sufficient operating capacity to serve the customers for which revenue was deferred. Due to the uncertainty of future events, the Company is unable to estimate when to expect recognition of deferred revenue from ICFAs.
The following table summarizes the ICFA deferred revenue activity:
(in thousands)December 31, 2025December 31, 2024
Beginning of period$21,517 $19,656 
Payments allocated to deferred revenue1,255 1,861 
End of period$22,772 $21,517