10-Q Filing

CADIZ INC CIK: 727273 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000727273-15-000018`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cdzi-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 23 Cash Flow Statement 39 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.55M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.45M	USD	Point-in-time
Common stock - shares issued (in shares)	`CommonStockSharesIssued`	17.72M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$69.00K	USD	Point-in-time
Common stock - shares issued (in shares)	`CommonStockSharesIssued`	17.68M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$239.00K	USD	Point-in-time
Common stock - shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.68M	shares	Point-in-time
Common stock - shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.72M	shares	Point-in-time
Inventories	`InventoryNet`	$105.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$346.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$719.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.44M	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`	$43.60M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$837.00K	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$779.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.40M	USD	Point-in-time
Total assets	`Assets`	$66.03M	USD	Point-in-time
Total assets	`Assets`	$68.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$302.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$615.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.33M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$35.44M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.89M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$71.09M	USD	Point-in-time
Long-term debt, net	`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`	$110.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.95M	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 17,719,251 at March 31, 2015 and 17,681,274 at December 31, 2014	`CommonStockValue`	$177.00K	USD	Point-in-time
Common stock - $.01 par value; 70,000,000 shares authorized; shares issued and outstanding 17,719,251 at March 31, 2015 and 17,681,274 at December 31, 2014	`CommonStockValue`	$177.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$320.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$319.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-364.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-359.52M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-44.12M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-39.74M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$68.21M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$66.03M	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$18.00K	USD	1 Quarter
Revenues	`Revenues`	$4.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$61.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$64.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.74M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.65M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.65M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.72M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.19M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.04M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$70.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.69M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.84M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.69M	USD	1 Quarter
Net loss and comprehensive loss applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-4.84M	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	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`	17.71M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss and comprehensive loss	`NetIncomeLoss`	$-4.84M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-4.69M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$64.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$61.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$222.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$207.00K	USD	1 Quarter
Interest expense added to loan principal	`PaidInKindInterest`	$1.84M	USD	1 Quarter
Interest expense added to loan principal	`PaidInKindInterest`	$1.97M	USD	1 Quarter
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$260.00K	USD	1 Quarter
Compensation charge for stock and share option awards	`ShareBasedCompensation`	$30.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$298.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$478.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$271.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$272.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$315.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-746.00K	USD	1 Quarter
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.00K	USD	1 Quarter
Decrease in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-554.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.64M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.40M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.43M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$3.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$3.00K	USD	1 Quarter
Net cash used for by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00K	USD	1 Quarter
Net cash used for by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.44M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.66M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.55M	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`	$7.45M	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`	$13.55M	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`	$7.45M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2014	`StockholdersEquity`	$-44.12M	USD	Point-in-time
Balance as of December 31, 2014	`StockholdersEquity`	$-39.74M	USD	Point-in-time
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$464.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-4.84M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-4.69M	USD	1 Quarter
Balance as of March 31, 2015	`StockholdersEquity`	$-44.12M	USD	Point-in-time
Balance as of March 31, 2015	`StockholdersEquity`	$-39.74M	USD	Point-in-time

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