10-K Filing

CADIZ INC CIK: 727273 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0000727273-13-000008`
Period End Date	20121231
Filing Date	20130315
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	cdzi-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 71 Stockholders Equity 20

Balance Sheet 58 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 (in Shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock - shares authorized (in Shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	3.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	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
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.43M	shares	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.43M	shares	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$260.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$139.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$404.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$604.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.11M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$44.07M	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
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$7.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$282.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$186.00K	USD	Point-in-time
Total assets	`Assets`	$50.52M	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`	$957.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.40M	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
Total current liabilities	`LiabilitiesCurrent`	$2.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$63.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$52.03M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$750.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$670.00K	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`	$56.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$67.29M	USD	Point-in-time
Common stock - $0.01 par value; 70,000,000 shares authorized; shares issued and outstanding: 15,438,961 at December 31, 2012, and 15,429,541 at December 31, 2011	`CommonStockValue`	$154.00K	USD	Point-in-time
Common stock - $0.01 par value; 70,000,000 shares authorized; shares issued and outstanding: 15,438,961 at December 31, 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`	$301.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-317.96M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$946.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$1.93M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$11.23M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$50.52M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$1.02M	USD	Annual
Total revenues	`Revenues`	$1.02M	USD	Annual
Total revenues	`Revenues`	$362.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$1.44M	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$927.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$521.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$10.80M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.56M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$10.45M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$344.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$350.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$365.00K	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$13.43M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$12.07M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$12.25M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.23M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-13.07M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.05M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-5.70M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-6.82M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-4.73M	USD	Annual
Other Income (expense), net	`OtherOperatingIncomeExpenseNet`	$108.00K	USD	Annual
Other Income (expense), net	`OtherOperatingIncomeExpenseNet`	$-110.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.89M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.83M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.89M	USD	Annual
Income tax (benefits) expense	`IncomeTaxExpenseBenefit`	$7.00K	USD	Annual
Income tax (benefits) expense	`IncomeTaxExpenseBenefit`	$-311.00K	USD	Annual
Income tax (benefits) expense	`IncomeTaxExpenseBenefit`	$6.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-19.57M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-15.90M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-16.84M	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.20	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.16	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.27	USD	Annual
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14,082.00	shares	Annual
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15,438.00	shares	Annual
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,672.00	shares	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.90M	USD	Annual
Net loss	`NetIncomeLoss`	$-16.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$344.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$350.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$365.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$108.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$42.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$72.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$2.37M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.92M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.12M	USD	Annual
Interest added to loan principal	`InterestExpenseOther`	$2.78M	USD	Annual
Interest added to loan principal	`InterestExpenseOther`	$3.59M	USD	Annual
Interest added to loan principal	`InterestExpenseOther`	$3.26M	USD	Annual
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$108.00K	USD	Annual
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-110.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$2.38M	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$383.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$4.01M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$121.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-138.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$102.00K	USD	Annual
Decrease (increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-200.00K	USD	Annual
Decrease (increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$305.00K	USD	Annual
Decrease (increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-63.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-63.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-220.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-141.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$304.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$128.00K	USD	Annual
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$285.00K	USD	Annual
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$273.00K	USD	Annual
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-107.00K	USD	Annual
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$500.00K	USD	Annual
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$250.00K	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.76M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.40M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.51M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.18M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.23M	USD	Annual
Other Assets (restricted cash)	`IncreaseDecreaseInRestrictedCash`	$63.00K	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.29M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.18M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.14M	USD	Annual
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
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.10M	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.13M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.01M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.00M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$22.00K	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.00K	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$16.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.11M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.98M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.97M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.69M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.46M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	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`	$8.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	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 20 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31	`StockholdersEquity`	$946.00K	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$1.93M	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$11.23M	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Issuance of shares pursuant to stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$2.00K	USD	Annual
Issuance of shares pursuant to stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.00K	USD	Annual
Issuance of shares pursuant to Private Placement and Shelf Takedown	`StockIssuedDuringPeriodValueStockOptionsExercised`	$15.13M	USD	Annual
Convertible term loan conversion option	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$343.00K	USD	Annual
Convertible term loan conversion option	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.60M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.35M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.01M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$343.00K	USD	Annual
Issuance of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$533.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-15.90M	USD	Annual
Net loss	`NetIncomeLoss`	$-16.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Balance as of December 31	`StockholdersEquity`	$946.00K	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$1.93M	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$11.23M	USD	Point-in-time
Balance as of December 31	`StockholdersEquity`	$-16.77M	USD	Point-in-time

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