Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense from Continuing Operations

The components of income tax expense were as follows:

	Years Ended December 31,
(in thousands)	2025		2024
Current income tax expense
Federal	$	820	$	460
State	148		140
Total current	968		600
Deferred income tax expense
Federal	45		1,294
State	13		179
Total deferred	58		1,473
Income tax expense	$	1,026	$	2,073

Schedule of Income Tax Expense at the Statutory Federal

The following table represents a reconciliation of income tax expense at the statutory federal income tax rate to the actual income tax expense from continuing operations:

	For the Years Ended December 31,
(in thousands)	2025				2024
Book income before taxes	$	3,983			$	7,862
Computed federal tax expense at statutory rate	836		21.0	%	1,651		21.0	%
State income taxes - net of federal tax benefit	158		4.0	%	318		4.0	%
Nontaxable or nondeductible items
Tax regulatory asset amortization	37		0.9	%	37		0.5	%
Other	18		0.5	%	10		0.1	%
Other differences	(23)		(0.6)	%	57		0.8	%
Income tax expense	$	1,026	25.8	%	$	2,073	26.4	%

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

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:

(in thousands)	December 31, 2025		December 31, 2024
Deferred tax assets
Deferred gain on ICFA funds received	$	5,664	$	5,352
AIAC	4,248		4,248
Balterra intangible asset acquisition	224		224
Other	2,247		1,353
Total deferred tax assets	12,383		11,177
Deferred tax liabilities
Utility plant	(18,720)		(17,983)
Regulatory liability	(199)		(214)
CP Water intangible asset acquisition	(381)		(381)
ICFA intangible asset	(452)		(452)
Gain on condemnation of Valencia	(140)		(184)
Other Liabilities	(2,190)		(1,661)
Total deferred tax liabilities	(22,082)		(20,875)
Net deferred tax liability	$	(9,699)	$	(9,698)

Schedule of Cash Paid For Taxes

	Years Ended December 31,
(in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	59	$	44
Operating cash flows used for operating leases	405		264
Financing cash flows used for finance leases	401		273
Right-of-use assets obtained in exchange for lease obligations
Finance leases	443		818
Operating leases	—		136
Other
Operating lease remeasurement	2,095		—

Income taxes paid, net of refunds received were as follows:

(in thousands)	Years Ended December 31,
	2025		2024
Cash paid for income taxes
Federal	$	1,542	$	107
State	190		—
Total taxes paid, net of refunds	$	1,732	$	107

The following is supplemental cash flow information:

	Years Ended December 31,
(in thousands)	2025		2024
Supplemental cash flow information:
Cash paid for interest - net of amounts capitalized	$	5,693	$	5,176
Non-cash financing and investing activities:
Capital expenditures included in accounts payable and accrued liabilities	2,789		7,201
Utility Plant constructed by developers and conveyed	26,015		10,829
HUF transferred to CIAC	1,295		3,909