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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets, net of accumulated amortization consisted of the following:

 

December 31,

 

 

2024

 

 

2023

 

Water contracts

$

28,556

 

 

$

14,956

 

Surface use agreements

 

24,247

 

 

 

18,619

 

Subtotal

 

52,803

 

 

 

33,575

 

Less: accumulated amortization

 

(7,538

)

 

 

(4,933

)

Total intangible assets, net

$

45,265

 

 

$

28,642

 

 

 

 

 

 

 

 

December 31,

 

Accumulated amortization

2024

 

 

2023

 

Water contracts

$

3,516

 

 

$

2,193

 

Surface use agreements

 

4,022

 

 

 

2,739

 

Total accumulated amortization

$

7,538

 

 

$

4,933

 

 

 

 

 

 

 

Schedule of Future Amortization Expense

Future amortization expense related to such intangibles for the next five years and thereafter as of December 31, 2024 is as follows:

 

 

Amortization
Expense

 

2025

 

4,560

 

2026

 

4,560

 

2027

 

4,560

 

2028

 

4,560

 

2029

 

4,560

 

Thereafter

 

22,465

 

Total

$

45,265