Note 2 - Property, Plant, Equipment And Water Programs

3 Months Ended

Mar. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 2 - PROPERTY, PLANT, EQUIPMENT AND WATER PROGRAMS

 Property, plant, equipment and water programs consist of the following (in thousands):

	March 31,			December 31,
	2012			2011
Land and land improvements	$	24,192		$	24,188
Water programs		19,576			18,914
Buildings		1,187			1,187
Leasehold improvements		570			570
Furniture and fixtures		458			458
Machinery and equipment		997			997
Construction in progress		103			103
		47,083			46,417
Less accumulated depreciation		(4,625	)		(4,531	)
	$	42,458		$	41,886

 Depreciation expense totaled $93,000 for the three months ended March 31, 2012, and $89,000 for the three months ended March 31, 2011.