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Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
(in thousands)Three Months Ended
December 31,
20242023
Revenue recognized at a point-in-time$15,555 $12,901 
Revenue recognized over time1,339 1,084 
Total$16,894 $13,985 
Revenues disaggregated by significant products and services for the three months ended December 31, 2024 and 2023 are as follows:
(in thousands)Three Months Ended
December 31,
20242023
Alico Citrus
Early and Mid-Season$14,929 $12,395 
Fresh Fruit and Other626 506 
Grove Management Services771 691 
Total$16,326 $13,592 
Land Management and Other Operations
Land and Other Leasing$479 $314 
Other89 79 
Total$568 $393 
Total Revenues$16,894 $13,985 
Schedule of Cash and Cash Equivalents
Restricted Cash

(in thousands)December 31,
2024		September 30,
2024
Cash and cash equivalents$4,388 $3,150 
Restricted cash (a)762 248 
Cash and cash equivalents and restricted cash$5,150 $3,398 
a.    Restricted cash represents Cash-Secured Irrevocable Standby Letters of Credit to secure certain contractual obligations.
Restrictions on Cash and Cash Equivalents
Restricted Cash

(in thousands)December 31,
2024		September 30,
2024
Cash and cash equivalents$4,388 $3,150 
Restricted cash (a)762 248 
Cash and cash equivalents and restricted cash$5,150 $3,398 
a.    Restricted cash represents Cash-Secured Irrevocable Standby Letters of Credit to secure certain contractual obligations.
Schedule of Short-Term Debt The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:
(in thousands)December 31, 2024September 30, 2024
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
Corporate debt
Current portion of long-term debt$1,410 $1,383 $1,410 $1,420 
Long-term debt$103,889 $97,589 $91,141 $86,987 
Schedule of Weighted Average Number of Shares
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the three months ended December 31, 2024 and 2023:
(in thousands)Three Months Ended December 31,
20242023
Weighted Average Common Shares Outstanding – Basic7,633 7,616 
Effect of dilutive securities – stock options and unrestricted stock— — 
Weighted Average Common Shares Outstanding – Diluted7,633 7,616 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customer as of December 31, 2024 and September 30, 2024, and revenue from such customer for the three months ended December 31, 2024 and 2023, are as follows:

(in thousands)Accounts ReceivableRevenue% of Total Revenue
December 31,September 30,Three Months Ended
December 31,		Three Months Ended
December 31,
202420242024202320242023
Tropicana$7,206 $— $14,928 $10,875 88.4 %77.8 %