10-Q Filing

CADIZ INC CIK: 727273 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000727273-12-000017`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	cdzi-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 50 Cash Flow Statement 45 Stockholders Equity 7

Balance Sheet 55 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`	$5.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Common stock - shares authorized (in Shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Common stock - shares authorized (in Shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$166.00K	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$139.00K	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	666,667.00	shares	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.43M	shares	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	363,636.00	shares	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$604.00K	USD	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.43M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.70M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$41.89M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.67M	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`	$539.00K	USD	Point-in-time
Total Assets	`Assets`	$58.00M	USD	Point-in-time
Total Assets	`Assets`	$53.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$756.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.41M	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
Other liabilities	`OtherLiabilitiesCurrent`	$923.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.41M	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`	$55.15M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$670.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$1.05M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$60.61M	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 June 30, 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 June 30, 2012 and 15,429,541 at December 31, 2011	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-307.42M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-6.89M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$1.93M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$58.00M	USD	Point-in-time
Total Liabilities and Stockholders equity	`LiabilitiesAndStockholdersEquity`	$53.72M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.00K	USD	1 Quarter
Revenues	`Revenues`	$40.00K	USD	1 Quarter
Revenues	`Revenues`	$37.00K	USD	2 Qtrs
Revenues	`Revenues`	$497.00K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.00K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$18.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$450.00K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.18M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.72M	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$95.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$181.00K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$92.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$188.00K	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$5.81M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.99M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.91M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.33M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.87M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.32M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.29M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.99M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-3.16M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.37M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.72M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-65.00K	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$56.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.98M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.03M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.00K	USD	2 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.58M	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-9.03M	USD	2 Qtrs
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.73M	USD	1 Quarter
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`	$-0.58	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.59	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)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.44M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.44M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.82M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.96M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.03M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.98M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$188.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$181.00K	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.43M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.16M	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$1.73M	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$1.56M	USD	2 Qtrs
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$56.00K	USD	2 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$232.00K	USD	2 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$1.79M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-253.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$437.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$910.00K	USD	2 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-83.00K	USD	2 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.00K	USD	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$507.00K	USD	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-832.00K	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-210.00K	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$575.00K	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$500.00K	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$553.00K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.81M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.06M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.11M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$858.00K	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$428.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.11M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.99M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.35M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	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`	$5.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	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 as of December 31, 2011	`StockholdersEquity`	$-6.89M	USD	Point-in-time
Balance as of December 31, 2011	`StockholdersEquity`	$1.93M	USD	Point-in-time
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$211.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-9.03M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.98M	USD	2 Qtrs
Balance as of June 30, 2012	`StockholdersEquity`	$-6.89M	USD	Point-in-time
Balance as of June 30, 2012	`StockholdersEquity`	$1.93M	USD	Point-in-time

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