Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
(in thousands) Three Months Ended
March 31,
Six Months Ended
March 31,
2024 2023 2024 2023
Revenue recognized at a point-in-time $ 16,974  $ 20,575  $ 29,959  $ 30,654 
Revenue recognized over time 1,139  719  2,139  1,228 
Total $ 18,113  $ 21,294  $ 32,098  $ 31,882 
Revenues disaggregated by significant products and services for the three and six months ended March 31, 2024 and 2023 are as follows:
(in thousands) Three Months Ended
March 31,
Six Months Ended
March 31,
2024 2023 2024 2023
Alico Citrus
Early and Mid-Season $ 2,139  $ 2,368  $ 14,534  $ 11,954 
Valencias 14,732  17,930  14,732  17,930 
Fresh Fruit and Other 103  277  693  770 
Grove Management Services 788  362  1,395  551 
Total $ 17,762  $ 20,937  $ 31,354  $ 31,205 
Land Management and Other Operations
Land and Other Leasing $ 278  $ 273  $ 592  $ 554 
Other 73  84  152  123 
Total $ 351  $ 357  $ 744  $ 677 
Total Revenues $ 18,113  $ 21,294  $ 32,098  $ 31,882 
Schedule of Short-Term Debt The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:
(in thousands) March 31, 2024 September 30, 2023
Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value
Corporate debt
Current portion of long-term debt $ 1,410  $ 1,367  $ 2,566  $ 2,325 
Long-term debt $ 83,452  $ 75,934  $ 126,753  $ 115,851 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customer as of March 31, 2024 and September 30, 2023, and revenue from such customer for the six months ended March 31, 2024 and 2023, are as follows:

(in thousands) Accounts Receivable Revenue % of Total Revenue
March 31, September 30, March 31, March 31,
2024 2023 2024 2023 2024 2023
Tropicana $ 8,106  $ —  $ 28,857  $ 28,065  89.9  % 88.0  %