UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating Activities
Net (loss) income		$ (1,836)	$ (347)	$ (1,794)	$ 1,697
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization				3,137	3,003
Amortization of discount of marketable securities				(425)	(442)
Equity in earnings of unconsolidated joint ventures, net		(3,329)	(1,161)	(7,611)	(4,616)
Non-cash retirement plan expense				267	200
Profit from water sales	[1]			0	(490)
(Gain) loss on sale of property plant and equipment				(8)	59
Deferred income taxes				3	0
Stock compensation expense				4,086	2,369
Excess tax benefit from stock-based compensation				(1)	(105)
Distribution of earnings from unconsolidated joint ventures				1,092	13,176
Changes in operating assets and liabilities:
Receivables, inventories, prepaids and other assets, net				1,292	(5,231)
Current liabilities				1,007	5,130
Net cash provided by operating activities				1,045	14,750
Investing Activities
Maturities and sales of marketable securities				85,769	91,831
Funds invested in marketable securities				(66,640)	(87,272)
Real estate and equipment expenditures				(40,995)	(13,513)
Reimbursement proceeds from Community Facilities District				3,309	0
Proceeds from sale of property plant and equipment				13	0
Investment in unconsolidated joint ventures				0	(3,750)
Distribution of equity from unconsolidated joint ventures				5,783	10,645
Proceeds from water sales	[1]			0	1,324
Investments in water assets				(4,616)	(6,070)
Net cash used in investing activities				(17,377)	(6,805)
Financing Activities
Borrowings on line of credit				12,000	0
Repayments of long-term debt				0	(1,321)
Taxes on vested stock grants				(206)	(2,594)
Net cash provided by (used in) financing activities				11,794	(3,915)
(Decrease) increase in cash, cash equivalents, and restricted cash				(4,538)	4,030
Cash, cash equivalents, and restricted cash at beginning of period				32,407	39,619	$ 39,619
Cash, cash equivalents, and restricted cash at end of period		27,869	43,649	27,869	43,649	32,407
Reconciliation to amounts on consolidated balance sheets:
Cash and cash equivalents		27,369	43,149	27,369	43,149	31,907
Restricted cash (Shown in prepaid expenses and other current assets)		500	500	500	500	500
Total cash, cash equivalents, and restricted cash		$ 27,869	$ 43,649	27,869	43,649	$ 32,407
Non-cash investing activities
Accrued capital expenditures included in current liabilities				4,255	742
Accrued long-term water assets included in current liabilities				$ 300	$ 1,248

[1] In determining the classification of cash inflows and outflows related to water asset activity, the Company’s practices are supported by ASC Topic 230-10-45-22, which provides that certain cash receipts and payments have aspects of more than one class of cash flows, whereby appropriate classification depends on the activity that is likely to be the predominant source of cash flows for the transaction. Also, at the 2006 American Institute of Certified Public Accountants Conference on Current SEC and PCAOB Developments, the SEC staff discussed that an entity should be consistent in how it classifies cash outflows and inflows related to an asset’s purchase and sale and noted that when cash flow classification is unclear, registrants must use judgment and analysis that considers the nature of the activity and the predominant source of cash flow for these items.
Given the nature of our water assets and the aforementioned authoritative guidance, the Company estimates the appropriate classification of water assets purchased based on the timing of the sale of the water. Water purchased in prior periods that was classified as investing was sold for $1.3 million in 2023, this cash inflow is appropriately classified in the Company’s investing activities. The profit of $0.5 million related to the water purchased in prior periods is appropriately being deducted from operating activities for the current period. The Company has and will continue to apply this methodology to water asset transactions that meet this fact pattern.