10-Q Filing

CADIZ INC CIK: 727273 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000727273-14-000016`
Period End Date	20140630
Filing Date	20140807
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	cdzi-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 45 Cash Flow Statement 45 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	`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
Common stock - shares issued	`CommonStockSharesIssued`	16.17M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.31M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$291.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.17M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$243.00K	USD	Point-in-time
Inventories	`InventoryNet`	$205.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$350.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$403.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.53M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.71M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.82M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$959.00K	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$1.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.22M	USD	Point-in-time
Total assets	`Assets`	$64.17M	USD	Point-in-time
Total assets	`Assets`	$57.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$222.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74M	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`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$96.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$100.41M	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`	$103.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$100.67M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 16,172,239 at June 30, 2014 and 16,152,756 at December 31, 2013	`CommonStockValue`	$161.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 16,172,239 at June 30, 2014 and 16,152,756 at December 31, 2013	`CommonStockValue`	$161.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$304.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$303.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-349.85M	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`	$-45.65M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$64.17M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$57.86M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$11.00K	USD	1 Quarter
Revenues	`Revenues`	$15.00K	USD	2 Qtrs
Revenues	`Revenues`	$8.00K	USD	2 Qtrs
Revenues	`Revenues`	$4.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.99M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.81M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$63.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$128.00K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$64.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$127.00K	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$6.82M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.46M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.12M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.10M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.87M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.45M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.82M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-4.11M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-2.06M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.59M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.03M	USD	2 Qtrs
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.51M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.90M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.46M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.21M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.00K	USD	2 Qtrs
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-9.21M	USD	2 Qtrs
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.51M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.46M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-11.90M	USD	2 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`	$-0.57	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.77	USD	2 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.17M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.17M	shares	2 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	2 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-11.90M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-9.21M	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$63.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$128.00K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$64.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$127.00K	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.36M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$417.00K	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$3.69M	USD	2 Qtrs
Interest expense added to loan principal	`InterestExpenseOther`	$2.66M	USD	2 Qtrs
Loss on early extinguishment of debt and debt refinancing	`GainLossOnEarlyExtinguishmentOfDebtAndDebtRefinancing`	$-835.00K	USD	2 Qtrs
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$453.00K	USD	2 Qtrs
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$61.00K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.00K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-171.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$381.00K	USD	2 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$258.00K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$271.00K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.92M	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-611.00K	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-420.00K	USD	2 Qtrs
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-546.00K	USD	2 Qtrs
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-550.00K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.56M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.55M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	2 Qtrs
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$17.50M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.25M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.58M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.53M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	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`	$5.31M	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`	$7.22M	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`	$5.31M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2013	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance as of December 31, 2013	`StockholdersEquity`	$-45.65M	USD	Point-in-time
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$61.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-11.90M	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-9.21M	USD	2 Qtrs
Balance as of June 30, 2014	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance as of June 30, 2014	`StockholdersEquity`	$-45.65M	USD	Point-in-time

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