Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedule of disaggregation of revenue

Revenues disaggregated by significant products and services for the years ended September 30, 2023, 2022 and 2021 are as follows:

(in thousands)	Years Ended September 30,
	2023		2022		2021
Alico Citrus
Early and Mid-Season	$	11,954	$	28,287	$	31,525
Valencias	23,906		47,529		55,918
Fresh Fruit and other	1,051		1,937		1,370
Grove Management Services	1,234		11,928		16,983
Total	$	38,145	$	89,681	$	105,796
Land Management and Other Operations
Land and Other Leasing	$	1,327	$	1,655	$	2,404
Other	374		611		364
Total	$	1,701	$	2,266	$	2,768
Total Revenues	$	39,846	$	91,947	$	108,564

Schedule of short-term debt

The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:

(in thousands)	September 30, 2023				September 30, 2022
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Corporate debt
Current long-term debt	$	2,566	$	2,325	$	3,035	$	2,847
Long-term debt	$	126,753	$	115,851	$	108,589	$	102,558

Schedule of accounts receivable, net

The following table presents accounts receivable, net, as of September 30, 2023 and 2022:

(in thousands)	September 30,
	2023		2022
Accounts receivable	$	726	$	338
Allowance for doubtful accounts	(14)		(14)
Accounts receivable, net	$	712	$	324

Schedule of revenues and accounts receivable from major customers

Accounts receivable from the Company’s major customer as of September 30, 2023 and 2022, and revenue from such customer for the years ended September 30, 2023, 2022 and 2021, are as follows:

(in thousands)	Accounts Receivable				Revenue						% of Total Revenue
	2023		2022		2023		2022		2021		2023		2022		2021
Tropicana	$	—	$	—	$	32,403	$	73,791	$	84,136	81.3	%	79.7	%	77.5	%

Schedule of estimated useful lives for property and equipment

The estimated useful lives for property and equipment are primarily as follows:

Citrus trees	25 years
Equipment and other facilities	3-20 years
Buildings and improvements	15-39 years

Schedule of reconciliation of basic to diluted weighted average shares outstanding

The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the years ended September 30, 2023, 2022 and 2021:

(in thousands)	Years Ended September 30,
	2023	2022	2021
Weighted Average Common Shares Outstanding – Basic	7,602	7,560	7,516
Effect of dilutive securities – stock options and unrestricted stock	—	8	3
Weighted Average Common Shares Outstanding – Diluted	7,602	7,568	7,519