10-Q Filing

CADIZ INC CIK: 727273 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000727273-14-000018`
Period End Date	20140930
Filing Date	20141106
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	cdzi-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 49 Cash Flow Statement 47 Stockholders Equity 7

Balance Sheet 55 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	16.20M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.14M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	16.15M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$530.00K	USD	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.20M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$291.00K	USD	Point-in-time
Inventories	`InventoryNet`	$68.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$483.00K	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`	$4.45M	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`	$43.66M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$900.00K	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$1.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.94M	USD	Point-in-time
Total assets	`Assets`	$64.17M	USD	Point-in-time
Total assets	`Assets`	$55.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$584.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$896.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$96.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$102.54M	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`	$105.70M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 16,202,862 at September 30, 2014 and 16,152,756 at December 31, 2013	`CommonStockValue`	$162.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 16,202,862 at September 30, 2014 and 16,152,756 at December 31, 2013	`CommonStockValue`	$161.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$303.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$304.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-340.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-354.41M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-49.73M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$64.17M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$55.97M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$182.00K	USD	1 Quarter
Revenues	`Revenues`	$320.00K	USD	3 Qtrs
Revenues	`Revenues`	$190.00K	USD	3 Qtrs
Revenues	`Revenues`	$305.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$292.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$282.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$292.00K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$282.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.63M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.32M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.33M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$191.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$63.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$190.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$63.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.11M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.68M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$7.80M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-9.92M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.38M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.48M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-5.71M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.69M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.19M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-6.30M	USD	3 Qtrs
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-16.69M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.57M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.77M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.00K	USD	3 Qtrs
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`	$-4.80M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.57M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-13.78M	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	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`	$-0.85	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.08	USD	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.19M	shares	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`	15.45M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.18M	shares	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Adjustments to reconcile net loss to net cash used for operating activities:	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-16.70M	USD	3 Qtrs
Adjustments to reconcile net loss to net cash used for operating activities:	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.80M	USD	1 Quarter
Adjustments to reconcile net loss to net cash used for operating activities:	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.57M	USD	1 Quarter
Adjustments to reconcile net loss to net cash used for operating activities:	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-13.78M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$190.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$191.00K	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$637.00K	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$1.42M	USD	3 Qtrs
Interest expense added to loan principal	`PaidInKindInterest`	$4.30M	USD	3 Qtrs
Interest expense added to loan principal	`PaidInKindInterest`	$5.66M	USD	3 Qtrs
Loss on early extinguishment of debt and debt refinancing	`GainLossOnEarlyExtinguishmentOfDebtAndDebtRefinancing`	$-835.00K	USD	3 Qtrs
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$545.00K	USD	3 Qtrs
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$483.00K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.00K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$239.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$68.00K	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$217.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$133.00K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.00K	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.77M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$214.00K	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-249.00K	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$173.00K	USD	3 Qtrs
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-842.00K	USD	3 Qtrs
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-172.00K	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.49M	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.63M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	3 Qtrs
Net 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`	$8.00K	USD	3 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.25M	USD	3 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.52M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.46M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	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`	$5.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	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`	$5.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.73M	USD	Point-in-time
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$545.00K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-13.78M	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-16.70M	USD	3 Qtrs
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-49.73M	USD	Point-in-time

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