10-Q Filing

CADIZ INC CIK: 727273 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000727273-13-000051`
Period End Date	20130930
Filing Date	20131108
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	cdzi-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 49 Cash Flow Statement 49 Stockholders Equity 7

Balance Sheet 56 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`	15.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.14M	USD	Point-in-time
Common stock - shares issued (in Shares)	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.45M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$356.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$260.00K	USD	Point-in-time
Common stock - shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Inventories	`InventoryNet`	$217.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$471.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$404.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.18M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.88M	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`	$1.12M	USD	Point-in-time
Debt Issuance Costs	`DeferredFinanceCostsNoncurrentNet`	$81.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$201.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.98M	USD	Point-in-time
Total Assets	`Assets`	$50.52M	USD	Point-in-time
Total Assets	`Assets`	$57.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$963.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$957.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.40M	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`	$2.20M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$63.25M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$87.09M	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`	$90.96M	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 September 30, 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 September 30, 2013 and 15,438,961 at December 31, 2012	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-334.66M	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`	$-32.98M	USD	Point-in-time
Total Liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$50.52M	USD	Point-in-time
Total Liabilities and Stockholders deficit	`LiabilitiesAndStockholdersEquity`	$57.98M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$287.00K	USD	1 Quarter
Revenues	`Revenues`	$324.00K	USD	3 Qtrs
Revenues	`Revenues`	$182.00K	USD	1 Quarter
Revenues	`Revenues`	$190.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$292.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$293.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$292.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$295.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.96M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.68M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.63M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.93M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$63.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$97.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$191.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$285.00K	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$10.11M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$9.26M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$3.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.35M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-9.92M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-8.94M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.07M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.11M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-5.71M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.67M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.69M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.82M	USD	3 Qtrs
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-835.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.69M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.76M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.80M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.80M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-16.70M	USD	3 Qtrs
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-13.77M	USD	3 Qtrs
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.74M	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.08	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`	$-0.31	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`	15.45M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.45M	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`	15.44M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-13.77M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$191.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$285.00K	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.42M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$2.20M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.63M	USD	3 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$4.30M	USD	3 Qtrs
Loss on early extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-835.00K	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$483.00K	USD	3 Qtrs
Compensation charge for stock and share options	`ShareBasedCompensation`	$373.00K	USD	Point-in-time
Compensation charge for stock and share options	`ShareBasedCompensation`	$314.00K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.00K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$233.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$217.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$316.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$606.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.77M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$173.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$76.00K	USD	3 Qtrs
(Decrease ) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$974.00K	USD	3 Qtrs
(Decrease ) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-172.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$250.00K	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.63M	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.17M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45M	USD	3 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$428.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.88M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$56.00K	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$17.50M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.25M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.00M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.46M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	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`	$11.37M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.14M	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`	$1.69M	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`	$5.14M	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`	$-32.98M	USD	Point-in-time
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$482.00K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-16.70M	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-13.77M	USD	3 Qtrs
Balance as of September 30, 2013	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance as of September 30, 2013	`StockholdersEquity`	$-32.98M	USD	Point-in-time

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