LONG-TERM WATER ASSETS (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Water Revenues and Cost of Sales

Water revenues and cost of sales were as follows for the nine months ended ($ in thousands):

	September 30, 2022		September 30, 2021
Acre-Feet Sold	9,600		13,199
Revenues	$	13,635	$	14,986
Cost of sales	8,944		10,297
Profit	$	4,691	$	4,689

Schedule of Tangible Water Assets

The costs assigned to water assets held for future use were as follows ($ in thousands):

	September 30, 2022		December 31, 2021
Banked water and water for future delivery	$	23,855	$	25,020
Water available for banking, sales, or internal use	2,093		2,879
Total water held for future use at cost	$	25,948	$	27,899

Schedule of Finite-Lived Intangible Assets

The Company’s carrying amounts of its purchased water contracts were as follows ($ in thousands):

	September 30, 2022				December 31, 2021
	Costs		Accumulated Depreciation		Costs		Accumulated Depreciation
Dudley-Ridge water rights	$	11,581	$	(5,669)	$	11,581	$	(5,307)
Nickel water rights	18,740		(5,729)		18,740		(5,247)
Tulare Lake Basin water rights	6,479		(3,326)		6,479		(3,148)
	$	36,800	$	(14,724)	$	36,800	$	(13,702)
Net cost of purchased water contracts	22,076				23,098
Total cost water held for future use	25,948				27,899
Net investments in water assets	$	48,024			$	50,997

Schedule of Components of Water Assets

Total water resources, including both recurring and one-time usage, are:

(in acre-feet, unaudited)	September 30, 2022	December 31, 2021
Water held for future use
TCWD - Banked water owned by the Company	53,448	56,189
Company water bank	50,349	50,349
Water available for banking, sales, or internal use	2,874	4,203
Total water held for future use	106,671	110,741
Purchased water contracts
Water Contracts (Dudley-Ridge, Nickel and Tulare)	10,137	10,137
WRMWSD - Contracts with the Company	15,547	15,547
TCWD - Contracts with the Company	5,749	5,749
Total purchased water contracts	31,433	31,433
Total water held for future use and purchased water contracts	138,104	142,174