UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Activities
Net loss	$ (1,466)	$ (914)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	1,015	1,006
Amortization of discount of marketable securities	(86)	(196)
Equity in earnings of unconsolidated joint ventures, net	(1,158)	(1,513)
Non-cash retirement plan expense	104	89
Gain on sale of property plant and equipment	(13)	(1)
Deferred income taxes	(33)	1
Stock compensation expense	666	513
Excess tax provision (benefit) from stock-based compensation	31	(1)
Distribution of earnings from unconsolidated joint ventures	458	320
Changes in operating assets and liabilities:
Receivables, inventories, prepaids and other assets, net	1,901	934
Current liabilities	(2,764)	539
Net cash (used in) provided by operating activities	(1,345)	777
Investing Activities
Maturities and sales of marketable securities	15,280	46,239
Funds invested in marketable securities	(21,410)	(38,614)
Real estate and equipment expenditures	(17,544)	(8,112)
Reimbursement proceeds from Community Facilities District	0	3,309
Proceeds from sale of property plant and equipment	11	0
Investment in unconsolidated joint ventures	(111)	0
Distribution of equity from unconsolidated joint ventures	142	5,500
Investments in water assets	(9,018)	(5,248)
Net cash (used in) provided by investing activities	(32,650)	3,074
Financing Activities
Borrowings on line of credit	7,500	0
Taxes on vested stock grants	(490)	(206)
Net cash provided by (used in) financing activities	7,010	(206)
(Decrease) increase in cash, cash equivalents, and restricted cash	(26,985)	3,645
Cash, cash equivalents, and restricted cash at beginning of period	39,767	32,407
Cash, cash equivalents, and restricted cash at end of period	12,782	36,052
Reconciliation to amounts on consolidated balance sheets:
Cash and cash equivalents	12,282	35,552
Restricted cash (included in prepaid expenses and other current assets)	500	500
Total cash, cash equivalents, and restricted cash	12,782	36,052
Non-cash investing activities
Accrued capital expenditures included in current liabilities	6,171	2,299
Accrued long-term water assets included in current liabilities	$ 1,450	$ 986