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)
9 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
(in thousands) Three Months Ended
June 30,
Nine Months Ended
June 30,
2024 2023 2024 2023
Revenue recognized at a point-in-time $ 12,291  $ 6,285  $ 42,250  $ 36,939 
Revenue recognized over time 1,319  999  3,458  2,227 
Total $ 13,610  $ 7,284  $ 45,708  $ 39,166 
Revenues disaggregated by significant products and services for the three and nine months ended June 30, 2024 and 2023 are as follows:
(in thousands) Three Months Ended
June 30,
Nine Months Ended
June 30,
2024 2023 2024 2023
Alico Citrus
Early and Mid-Season $ —  $ —  $ 14,534  $ 11,954 
Valencias 12,183  6,064  26,915  23,994 
Fresh Fruit and Other 108  221  801  991 
Grove Management Services 946  427  2,341  978 
Total $ 13,237  $ 6,712  $ 44,591  $ 37,917 
Land Management and Other Operations
Land and Other Leasing $ 302  $ 474  $ 894  $ 1,028 
Other 71  98  223  221 
Total $ 373  $ 572  $ 1,117  $ 1,249 
Total Revenues $ 13,610  $ 7,284  $ 45,708  $ 39,166 
Schedule of Short-Term Debt The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:
(in thousands) June 30, 2024 September 30, 2023
Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value
Corporate debt
Current portion of long-term debt $ 1,410  $ 1,364  $ 2,566  $ 2,325 
Long-term debt $ 83,100  $ 75,294  $ 126,753  $ 115,851 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customer as of June 30, 2024 and September 30, 2023, and revenue from such customer for the nine months ended June 30, 2024 and 2023, are as follows:

(in thousands) Accounts Receivable Revenue % of Total Revenue
June 30, September 30, Nine Months Ended
June 30,
Nine Months Ended
June 30,
2024 2023 2024 2023 2024 2023
Tropicana $ 3,218  $ —  $ 40,456  $ 32,220  88.5  % 82.3  %