10-K Filing

CADIZ INC CIK: 727273 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0000727273-15-000005`
Period End Date	20141231
Filing Date	20150309
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	cdzi-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 69 Cash Flow Statement 68 Stockholders Equity 21

Balance Sheet 58 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`	$11.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	17.68M	shares	Point-in-time
Common stock - shares issued	`CommonStockSharesIssued`	16.15M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	16.15M	shares	Point-in-time
Common stock - shares outstanding	`CommonStockSharesOutstanding`	17.68M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$291.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$239.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$350.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$346.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.79M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.64M	USD	Point-in-time
Property, plant, equipment and water programs, net	`PropertyPlantAndEquipmentNet`	$43.82M	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`	$837.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.94M	USD	Point-in-time
Total assets	`Assets`	$68.21M	USD	Point-in-time
Total assets	`Assets`	$64.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$302.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.58M	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`	$1.89M	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`	$104.38M	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`	$107.95M	USD	Point-in-time
Common stock - $0.01 par value; 70,000,000 shares authorized; shares issued and outstanding: 17,681,274 at December 31, 2014, and 16,152,756 at December 31, 2013	`CommonStockValue`	$177.00K	USD	Point-in-time
Common stock - $0.01 par value; 70,000,000 shares authorized; shares issued and outstanding: 17,681,274 at December 31, 2014, and 16,152,756 at December 31, 2013	`CommonStockValue`	$161.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$319.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$303.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-359.52M	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`	$-16.77M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-39.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$1.93M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$64.17M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$68.21M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$11.00K	USD	1 Quarter
Total revenues	`Revenues`	$4.00K	USD	1 Quarter
Total revenues	`Revenues`	$305.00K	USD	1 Quarter
Total revenues	`Revenues`	$362.00K	USD	Annual
Total revenues	`Revenues`	$301.00K	USD	Annual
Total revenues	`Revenues`	$336.00K	USD	Annual
Total revenues	`Revenues`	$16.00K	USD	1 Quarter
Total revenues	`Revenues`	$4.00K	USD	1 Quarter
Total revenues	`Revenues`	$4.00K	USD	1 Quarter
Total revenues	`Revenues`	$182.00K	USD	1 Quarter
Total revenues	`Revenues`	$111.00K	USD	1 Quarter
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$521.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$357.00K	USD	Annual
Cost of sales (exclusive of depreciation shown below)	`CostOfGoodsAndServicesSold`	$555.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.56M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$13.46M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$10.08M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$254.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$254.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$350.00K	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$14.27M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$10.70M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$13.43M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.94M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.87M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.65M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-13.97M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.05M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.38M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.45M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-10.36M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-13.07M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-8.52M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-6.82M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-7.64M	USD	Annual
Loss on extinguishment of debt and debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.88M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.89M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.67M	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-311.00K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$6.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.57M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.69M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-5.98M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.51M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-22.68M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-18.88M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.80M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-7.44M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.46M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-19.57M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-5.11M	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.15	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
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`	$-0.31	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	1 Quarter
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.57M	shares	Annual
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.37M	shares	Annual
Weighted-average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.44M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-22.68M	USD	Annual
Net loss	`NetIncomeLoss`	$-18.88M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$254.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$254.00K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$350.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$108.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$226.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$223.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.12M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$633.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.35M	USD	Annual
Interest expense added to loan principal	`PaidInKindInterest`	$7.66M	USD	Annual
Interest expense added to loan principal	`PaidInKindInterest`	$3.59M	USD	Annual
Interest expense added to loan principal	`PaidInKindInterest`	$6.07M	USD	Annual
Loss on early extinguishment of debt and debt refinancing	`GainLossOnEarlyExtinguishmentOfDebtAndDebtRefinancing`	$-835.00K	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`	$516.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$383.00K	USD	Annual
Compensation charge for stock awards and share options	`ShareBasedCompensation`	$1.08M	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$121.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-52.00K	USD	Annual
Decrease in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00K	USD	Annual
Decrease in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-200.00K	USD	Annual
Decrease in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-54.00K	USD	Annual
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.74M	USD	Annual
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$186.00K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-533.00K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$128.00K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.00K	USD	Annual
(Decrease) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-426.00K	USD	Annual
(Decrease) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$339.00K	USD	Annual
(Decrease) increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$273.00K	USD	Annual
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$250.00K	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.40M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.12M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.77M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.23M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	Annual
Increase in other assets (restricted cash)	`IncreaseDecreaseInRestrictedCash`	$63.00K	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.29M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.00K	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.00K	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.52M	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.60M	USD	Point-in-time
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.01M	USD	Annual
Net proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$27.39M	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`	$11.00K	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.14M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.51M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.32M	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`	$16.21M	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`	$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`	$16.21M	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`	$1.69M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-39.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time
Issuance of stock to lenders	`StockIssuedDuringPeriodValueNewIssues`	$2.44M	USD	Annual
Issuance of stock to lenders	`StockIssuedDuringPeriodValueNewIssues`	$14.46M	USD	Annual
Issuance of stock to lenders (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.44M	shares	Point-in-time
Issuance of stock pursuant to bond conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$314.00K	USD	1 Quarter
Issuance of stock pursuant to bond conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$311.00K	USD	Annual
Issuance of stock pursuant to bond conversion (in Shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	39,037.00	shares	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$512.00K	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$343.00K	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$873.00K	USD	Annual
Issuance of stock warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$533.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-19.57M	USD	Annual
Net Loss	`NetIncomeLoss`	$-22.68M	USD	Annual
Net Loss	`NetIncomeLoss`	$-18.88M	USD	Annual
Balance	`StockholdersEquity`	$-36.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-39.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.93M	USD	Point-in-time

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