Property and Equipment, Net
|6 Months Ended|
Mar. 31, 2023
|Property Plant And Equipment [Abstract]|
|Property and Equipment, Net||
Note 4. Property and Equipment, Net
Property and equipment, net consists of the following at March 31, 2023 and September 30, 2022:
For the six months ended March 31, 2023 and fiscal year ended September 30, 2022, the Company did not record any impairments.
The Company recorded a casualty loss of approximately $1,400,000 for the year ended September 30, 2022 with respect to one of its groves, which sustained tree loss of approximately $1,300,000, and damage to one of its buildings of approximately $100,000, as a direct result of Hurricane Ian.
In connection with the State of Florida’s condemnation of a certain portion of Alico’s property in October 2021, the Company received approximately $1,450,000, all of which was recognized as a gain.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef