10-K Filing

CADIZ INC CIK: 727273 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0000727273-14-000003`
Period End Date	20131231
Filing Date	20140310
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	cdzi-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 38 Cash Flow Statement 71 Stockholders Equity 20

Balance Sheet 59 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	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	16.15M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$260.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$291.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$404.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$350.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.35M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.82M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$44.07M	USD	Point-in-time
Goodwill	`Goodwill`	$7.01M	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
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$1.07M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$81.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.94M	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`	$64.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$957.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74M	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`	$2.58M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$96.42M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$63.25M	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`	$100.67M	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: 16,152,756 at December 31, 2013, and 15,438,961 at December 31, 2012	`CommonStockValue`	$161.00K	USD	Point-in-time
Common stock - $0.01 par value; 70,000,000 shares authorized; shares issued and outstanding: 16,152,756 at December 31, 2013, and 15,438,961 at December 31, 2012	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$303.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-317.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-340.64M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$1.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$946.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$50.52M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$64.17M	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`	$301.00K	USD	Annual
Total revenues	`Revenues`	$362.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$555.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$1.44M	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$521.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$10.45M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$13.46M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.56M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$350.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$365.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$254.00K	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$13.43M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$12.25M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$14.27M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.23M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-13.07M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-13.97M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-6.82M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-7.64M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-5.70M	USD	Annual
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$108.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.67M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.89M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.83M	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$7.00K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-311.00K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$6.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-22.68M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-19.57M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-16.84M	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.27	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.46	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.20	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`	15,570.00	shares	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-22.68M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$365.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$254.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$350.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$223.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$72.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$108.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.12M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.35M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$2.37M	USD	Annual
Interest expense added to loan principal	`InterestExpenseOther`	$3.26M	USD	Annual
Interest expense added to loan principal	`InterestExpenseOther`	$6.07M	USD	Annual
Interest expense added to loan principal	`InterestExpenseOther`	$3.59M	USD	Annual
Loss on early extinguishment of debt and debt refinancing	`GainLossOnEarlyExtinguishmentOfDebtAndDebtRefinancing`	$-835.00K	USD	Annual
Unrealized gain on derivative liability	`UnrealizedGainLossOnDerivatives`	$108.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$516.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$2.38M	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$373.00K	USD	Point-in-time
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$383.00K	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`	$31.00K	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`	$-54.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.74M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-63.00K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.00K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$128.00K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$304.00K	USD	Annual
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$273.00K	USD	Annual
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$285.00K	USD	Annual
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$339.00K	USD	Annual
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$250.00K	USD	Annual
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$500.00K	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.77M	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`	$3.23M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14M	USD	Annual
Increase in other Assets (restricted cash)	`IncreaseDecreaseInRestrictedCash`	$63.00K	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.14M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.29M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	Point-in-time
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.13M	USD	Annual
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$27.39M	USD	Annual
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.01M	USD	Annual
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$11.00K	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`	$26.14M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.46M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.20M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.69M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	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`	$11.89M	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$1.69M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$946.00K	USD	Point-in-time
Issuance of shares pursuant to stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.00K	USD	Annual
Issuance of stock to lenders	`StockIssuedDuringPeriodValueNewIssues`	$2.44M	USD	Annual
Issuance of stock to lenders (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.00	shares	Point-in-time
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
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.35M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$343.00K	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$512.00K	USD	Annual
Issuance of stock warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$533.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-16.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-22.68M	USD	Annual
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$946.00K	USD	Point-in-time

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