REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2025

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenues

The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
(in thousands)		2025		2024		2025		2024
Tariff Revenue
Consumption charges	$	15,454	$	15,176	$	28,476	$	27,486
Fixed fees		9,335		9,102		18,600		18,422
Service charges		178		178		359		380
DSIC		235		-		534		-
Metered wastewater services		213		205		400		344
Industrial wastewater services		500		524		932		923
Total Tariff Revenue	$	25,915	$	25,185	$	49,301	$	47,555
Non-Tariff Revenue
Service line protection plans	$	1,614	$	1,424	$	3,245	$	2,854
Contract operations		249		238		501		505
Design and installation		3		5		7		59
Inspection fees		144		136		316		212
Total Non-Tariff Revenue	$	2,010	$	1,803	$	4,069	$	3,630
Other Operating Revenue	$	624	$	428	$	1,065	$	775
Total Operating Revenue	$	28,549	$	27,416	$	54,435	$	51,960

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)		June 30, 2025		December 31, 2024
Contract Assets – Tariff	$	3,892	$	3,030
Deferred Revenue
Deferred Revenue – Tariff	$	1,462	$	1,385
Deferred Revenue – Non-Tariff		765		714
Total Deferred Revenue	$	2,227	$	2,099