10-Q Filing

CADIZ INC CIK: 727273 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000727273-13-000019`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	cdzi-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 25 Cash Flow Statement 47 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
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
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.45M	shares	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	363,636.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$260.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$44.00K	USD	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.45M	shares	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Inventories	`InventoryNet`	$147.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$670.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$404.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$44.01M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$44.07M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Debt Issuance Costs	`DeferredFinanceCostsNoncurrentNet`	$1.23M	USD	Point-in-time
Debt Issuance Costs	`DeferredFinanceCostsNoncurrentNet`	$81.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$201.00K	USD	Point-in-time
Total Assets	`Assets`	$50.52M	USD	Point-in-time
Total Assets	`Assets`	$64.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$508.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$957.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.29M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$63.25M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$83.92M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$750.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$750.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$923.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$87.89M	USD	Point-in-time
Total Liabilities	`Liabilities`	$67.29M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 15,452,756 at March 31, 2013 and 15,438,961 at December 31, 2012	`CommonStockValue`	$154.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 15,452,756 at March 31, 2013 and 15,438,961 at December 31, 2012	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-325.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-317.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-23.77M	USD	Point-in-time
Total Liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$64.12M	USD	Point-in-time
Total Liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$50.52M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.00K	USD	1 Quarter
Revenues	`Revenues`	$31.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.82M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$64.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$93.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.92M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.95M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.94M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.56M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.44M	USD	1 Quarter
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-835.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.45M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.44M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-7.44M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.45M	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
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)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.45M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.44M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-4.45M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-7.44M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$64.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$93.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$701.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.31M	USD	1 Quarter
Interest expense added to loan principal	`InterestExpenseOther`	$1.13M	USD	1 Quarter
Interest expense added to loan principal	`InterestExpenseOther`	$860.00K	USD	1 Quarter
Loss on early extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-835.00K	USD	1 Quarter
Compensation charge for stock and share options	`ShareBasedCompensation`	$373.00K	USD	Point-in-time
Compensation charge for stock and share options	`ShareBasedCompensation`	$159.00K	USD	1 Quarter
Compensation charge for stock and share options	`ShareBasedCompensation`	$439.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-216.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.18M	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$413.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.95M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.00K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-282.00K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-622.00K	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$174.00K	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$372.00K	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$228.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.72M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.02M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$257.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	1 Quarter
Other Assets (restricted cash)	`IncreaseDecreaseInRestrictedCash`	$228.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-485.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$17.50M	USD	Point-in-time
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$83.46M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$65.96M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00K	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.25M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.51M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.37M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.05M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	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`	$1.69M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.05M	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`	$11.37M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2012	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance as of December 31, 2012	`StockholdersEquity`	$-23.77M	USD	Point-in-time
Stock based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$437.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-4.45M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-7.44M	USD	1 Quarter
Balance as of March 31, 2013	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance as of March 31, 2013	`StockholdersEquity`	$-23.77M	USD	Point-in-time

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