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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Roll forward of Deferred Revenue
December 31, 2023 Balance
Payments Allocated to Deferred Revenue
Revenue Recognized
June 30, 2024 Balance
Deferred Revenue - ICFA
$19,656 $318 $— $19,974 
Schedule of Disaggregation of Revenue
For the three and six months ended June 30, 2024 and 2023, disaggregated revenues from contracts with customers by major source and customer class are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
REGULATED REVENUE
Water Services
Residential$4,807 $4,470 $8,969 $8,361 
Irrigation887 983 1,254 1,347 
Commercial463 434 848 726 
Construction240 373393 500 
Other water revenues271 297430 462 
Total water revenues6,668 6,557 11,894 11,396 
Wastewater and recycled water services
Residential5,977 5,562 11,811 11,094 
Commercial354 301 698 589 
Recycled water revenues406 473 527 593 
Other wastewater revenues105 107 190 188 
Total wastewater and recycled water revenues6,842 6,443 13,226 12,464 
TOTAL REGULATED REVENUE13,510 13,000 25,120 23,860 
UNREGULATED REVENUE
ICFA revenues— — — 2,268 
TOTAL UNREGULATED REVENUE— — — 2,268 
TOTAL REVENUE$13,510 $13,000 $25,120 $26,128 
Schedule of Contract Assets and Liabilities
The Company’s contract assets and liabilities consist of the following (in thousands):
June 30, 2024December 31, 2023
CONTRACT ASSETS
Accounts receivable
Water services$1,689 $1,588 
Wastewater and recycled water services1,292 1,379 
Total contract assets
$2,981 $2,967 
CONTRACT LIABILITIES
Deferred revenue - ICFA$19,974 $19,656 
Total contract liabilities$19,974 $19,656 
Schedule of Accounts Receivable
Accounts receivable as of June 30, 2024 and December 31, 2023 consist of the following (in thousands):
June 30, 2024December 31, 2023
Billed receivables$2,981 $2,967 
Less provision for credit losses(133)(122)
Accounts receivable, net$2,848 $2,845 
Schedule of Allowance for Doubtful Accounts Activity
The following table summarizes the allowance for credit loss activity for the six months ended June 30, 2024 and the twelve months ended December 31, 2023 (in thousands).
June 30, 2024December 31, 2023
Beginning of Period$(122)$(164)
Credit Loss Expense(35)(76)
Write Offs48 124 
Recoveries(24)(6)
End of Period$(133)$(122)