10-Q Filing

CADIZ INC CIK: 727273 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000727273-11-000024`
Period End Date	20110930
Filing Date	20111108
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cdzi-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 50 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 53 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
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	14.19M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	13.68M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$277.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$144.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	14.19M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$299.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$738.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	13.68M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.33M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$40.82M	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`	$352.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$321.00K	USD	Point-in-time
Total Assets	`Assets`	$48.94M	USD	Point-in-time
Total Assets	`Assets`	$49.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$863.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$918.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$16.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$8.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.89M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$50.52M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$44.40M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$451.00K	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`	$1.42M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$47.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$54.05M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 14,192,874 at September 30, 2011 and 13,677,772 at December 31, 2010	`CommonStockValue`	$142.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 14,192,874 at September 30, 2011 and 13,677,772 at December 31, 2010	`CommonStockValue`	$137.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$288.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$282.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-293.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-281.55M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-4.73M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$946.00K	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$49.32M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$48.94M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$618.00K	USD	3 Qtrs
Revenues	`Revenues`	$281.00K	USD	3 Qtrs
Revenues	`Revenues`	$274.00K	USD	1 Quarter
Revenues	`Revenues`	$121.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$266.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$256.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$256.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$716.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.65M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.12M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$92.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$273.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$81.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$263.00K	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$8.64M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.36M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$8.63M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.83M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.35M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.70M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.02M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.09M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.45M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.17M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.17M	USD	3 Qtrs
Other income, net	`OtherOperatingIncomeExpenseNet`	$108.00K	USD	3 Qtrs
Other income, net	`OtherOperatingIncomeExpenseNet`	$52.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.18M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.53M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.08M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-11.53M	USD	3 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.11M	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-12.09M	USD	3 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.18M	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.84	USD	3 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`	$-0.87	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	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`	13.93M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.16M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.67M	shares	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.53M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$263.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$273.00K	USD	3 Qtrs
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$1.76M	USD	3 Qtrs
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$1.16M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.02M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.40M	USD	3 Qtrs
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$-108.00K	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$3.15M	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$2.07M	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$133.00K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-108.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-439.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-142.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-83.00K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-119.00K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$200.00K	USD	3 Qtrs
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$28.00K	USD	3 Qtrs
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$148.00K	USD	3 Qtrs
Increase in other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$500.00K	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.13M	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.34M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$743.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-743.00K	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$12.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$17.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.99M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.46M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.89M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
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`	$3.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	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`	$3.45M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$946.00K	USD	Point-in-time
Stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.00K	USD	3 Qtrs
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$4.00M	USD	3 Qtrs
Convertible term loan conversion option	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$343.00K	USD	3 Qtrs
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.53M	USD	3 Qtrs
Balance	`StockholdersEquity`	$-4.73M	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.