10-Q Filing

CADIZ INC CIK: 727273 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000727273-12-000023`
Period End Date	20120930
Filing Date	20121108
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	cdzi-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 50 Cash Flow Statement 51 Stockholders Equity 7

Balance Sheet 57 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`	$11.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$372.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$139.00K	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	363,636.00	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	15.43M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	666,667.00	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	15.43M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Inventories	`InventoryNet`	$316.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$604.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.27M	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`	$44.20M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$213.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$186.00K	USD	Point-in-time
Total Assets	`Assets`	$51.49M	USD	Point-in-time
Total Assets	`Assets`	$58.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.13M	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`	$11.00K	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`	$5.47M	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`	$56.83M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$670.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$750.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$63.05M	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 September 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 September 30, 2012 and 15,429,541 at December 31, 2011	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-312.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.39M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-11.56M	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`	$51.49M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$324.00K	USD	3 Qtrs
Revenues	`Revenues`	$121.00K	USD	1 Quarter
Revenues	`Revenues`	$287.00K	USD	1 Quarter
Revenues	`Revenues`	$618.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$293.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$295.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$716.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$266.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.96M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.65M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.68M	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$285.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$273.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$92.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$97.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$8.64M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$9.26M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.83M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.35M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.07M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.94M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-8.02M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.17M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.67M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.45M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.82M	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`	$-13.76M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.08M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.73M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$8.00K	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`	$3.00K	USD	1 Quarter
Net loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.74M	USD	1 Quarter
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`	$-13.77M	USD	3 Qtrs
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`	$-0.87	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.89	USD	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.93M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.44M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.16M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.44M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-13.77M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$273.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$285.00K	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.76M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$2.20M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.40M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.63M	USD	3 Qtrs
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$108.00K	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$314.00K	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$2.07M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-133.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$233.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$316.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$236.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$606.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$203.00K	USD	3 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	3 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$83.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$76.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$200.00K	USD	3 Qtrs
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$28.00K	USD	3 Qtrs
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$974.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$500.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$250.00K	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.17M	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.34M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$428.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.10M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.88M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.10M	USD	Point-in-time
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	Point-in-time
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$56.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$12.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.99M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.46M	USD	3 Qtrs
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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	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`	$5.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2011	`StockholdersEquity`	$-11.56M	USD	Point-in-time
Balance as of December 31, 2011	`StockholdersEquity`	$1.93M	USD	Point-in-time
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$277.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-13.77M	USD	3 Qtrs
Balance as of September 30, 2012	`StockholdersEquity`	$-11.56M	USD	Point-in-time
Balance as of September 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.