10-Q Filing

CADIZ INC CIK: 727273 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000727273-12-000015`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cdzi-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 24 Cash Flow Statement 43 Stockholders Equity 7

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`	70.00B	shares	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	15.43B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	15.44B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	15.43B	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	15.44B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$139.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$137.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$604.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.78M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$42.46M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$41.89M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$186.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$384.00K	USD	Point-in-time
Total Assets	`Assets`	$55.43M	USD	Point-in-time
Total Assets	`Assets`	$58.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$855.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Tax liability	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Tax liability	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$4.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$52.03M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$53.57M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$670.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$728.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$57.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$56.07M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 15,438,961 at March 31, 2012 and 15,429,541 at December 31, 2011	`CommonStockValue`	$154.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 15,438,961 at March 31, 2012 and 15,429,541 at December 31, 2011	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-302.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.39M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-2.37M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$1.93M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$55.43M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$58.00M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$31.00K	USD	1 Quarter
Revenues	`Revenues`	$457.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$432.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.96M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$89.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$93.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.49M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.92M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.03M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.34M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.56M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$121.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.25M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.45M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.45M	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.25M	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.81M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.44M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.25M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$93.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$89.00K	USD	1 Quarter
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$701.00K	USD	1 Quarter
Amortization of debt discount & issuance costs	`AmortizationOfDebtDiscountPremium`	$574.00K	USD	1 Quarter
Interest expense added to loan principal	`InterestExpenseOther`	$771.00K	USD	1 Quarter
Interest expense added to loan principal	`InterestExpenseOther`	$860.00K	USD	1 Quarter
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$-121.00K	USD	1 Quarter
Compensation charge for stock and share options	`ShareBasedCompensation`	$159.00K	USD	1 Quarter
Compensation charge for stock and share options	`ShareBasedCompensation`	$1.23M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$339.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.18M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-115.00K	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.00K	USD	1 Quarter
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$622.00K	USD	1 Quarter
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-497.00K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-411.00K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$174.00K	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInOtherOperatingLiabilities`	$228.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.02M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.99M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.11M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$257.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$228.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-485.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00K	USD	1 Quarter
Net cash provided used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	1 Quarter
Net cash provided used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.10M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.51M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	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`	$11.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	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`	$11.37M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$146.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.25M	USD	1 Quarter
Balance	`StockholdersEquity`	$-2.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time

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