10-Q Filing

CADIZ INC CIK: 727273 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000727273-11-000020`
Period End Date	20110630
Filing Date	20110808
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cdzi-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 48 Cash Flow Statement 43 Stockholders Equity 9

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock - par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock - par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00B	shares	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$277.00K	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	13.68B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$24.00K	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	13.83B	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$299.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	13.83B	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	13.68B	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$736.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.49M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$39.99M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$38.31M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$365.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$321.00K	USD	Point-in-time
Total Assets	`Assets`	$47.91M	USD	Point-in-time
Total Assets	`Assets`	$48.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$891.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$16.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$12.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$44.40M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$49.08M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$451.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$59.00K	USD	Point-in-time
Tax liability	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Tax liability	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$1.42M	USD	Point-in-time
Total Liabilities	`Liabilities`	$52.81M	USD	Point-in-time
Total Liabilities	`Liabilities`	$47.99M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 13,829,238 at June 30, 2011 and 13,677,772 at December 31, 2010	`CommonStockValue`	$137.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 13,829,238 at June 30, 2011 and 13,677,772 at December 31, 2010	`CommonStockValue`	$138.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$284.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$282.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-289.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-281.55M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-4.91M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$946.00K	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$48.94M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$47.91M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$7.00K	USD	2 Qtrs
Revenues	`Revenues`	$497.00K	USD	2 Qtrs
Revenues	`Revenues`	$40.00K	USD	1 Quarter
Revenues	`Revenues`	$4.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$18.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$450.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.18M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.09M	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$181.00K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$182.00K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$83.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$92.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.27M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.33M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.81M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.10M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.27M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.32M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.29M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.37M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.72M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-2.08M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.05M	USD	1 Quarter
Other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$56.00K	USD	2 Qtrs
Other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$-65.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.14M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.35M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.98M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.00K	USD	2 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.73M	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.14M	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-8.35M	USD	2 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-7.98M	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.58	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.61	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.68M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.96M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.82M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.67M	shares	2 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.98M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$182.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$181.00K	USD	2 Qtrs
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$759.00K	USD	2 Qtrs
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$1.16M	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$1.56M	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$1.33M	USD	2 Qtrs
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$-56.00K	USD	2 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$1.79M	USD	2 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$2.67M	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$253.00K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$130.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-437.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-235.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-83.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.00K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-382.00K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$507.00K	USD	2 Qtrs
(Decrease) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-210.00K	USD	2 Qtrs
(Decrease) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$34.00K	USD	2 Qtrs
Increase in other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$500.00K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.81M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.83M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.11M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$412.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.11M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-412.00K	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$14.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.99M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.26M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$946.00K	USD	Point-in-time
Stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.00K	USD	2 Qtrs
Convertible term loan conversion option	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$336.00K	USD	2 Qtrs
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.98M	USD	2 Qtrs
Balance	`StockholdersEquity`	$-4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$946.00K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.