Cadiz inc (CDZI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current assets:
Cash and cash equivalents

10,518

15,682

15,272

19,481

16,235

12,558

17,667

20,237

8,577

13,030

16,055

19,434

9,407

12,172

3,893

5,918

2,103

2,690

6,395

10,606

13,548

16,206

3,365

5,311

7,450

11,887

5,141

7,219

11,051

1,685

1,373

4,016

6,861

11,370

3,452

2,980

5,911

Accounts receivable

76

49

93

108

59

38

106

106

38

36

56

50

84

39

66

58

38

187

283

95

69

239

530

243

301

291

356

89

44

260

372

166

137

139

144

24

277

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

184

105

-

68

205

111

-

217

298

147

-

316

-

-

-

-

-

-

Prepaid expenses and other current assets

632

386

523

572

652

408

535

604

702

411

525

516

663

3,391

3,455

331

562

309

493

541

719

346

483

403

537

350

471

487

670

404

1,210

1,514

1,780

604

738

736

299

Total current assets

11,226

16,117

15,888

20,161

16,946

13,004

18,308

20,947

9,317

13,477

16,636

20,000

10,154

15,602

7,414

6,307

2,703

3,186

7,171

11,426

14,441

16,791

4,446

6,162

8,399

12,528

6,185

8,093

11,912

2,349

3,271

5,696

8,778

12,113

4,334

3,740

6,487

Property, plant, equipment and water programs, net

51,626

49,947

47,590

47,356

46,923

46,619

46,302

46,019

45,780

45,269

44,724

44,659

44,239

44,182

44,255

44,328

44,401

44,474

44,546

43,952

43,596

43,640

43,655

43,707

43,756

43,820

43,883

43,946

44,010

44,074

44,196

43,667

42,458

41,886

40,822

39,990

38,315

Long-term deposit/prepaid expenses

2,000

2,000

2,000

2,000

2,000

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-method investments

1,028

729

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

3,813

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

651

719

779

837

900

959

1,013

1,068

1,122

1,178

1,229

81

-

-

-

-

-

-

-

Other assets

4,378

4,118

4,157

4,196

4,247

3,873

3,901

3,930

3,959

3,946

3,716

3,745

3,773

3,502

3,531

3,674

3,588

3,317

3,345

3,374

3,403

3,131

3,159

3,216

3,216

2,945

2,975

3,118

3,152

201

213

539

384

186

352

365

321

Total assets

74,071

76,724

73,519

77,526

73,929

69,309

72,324

74,709

62,869

66,505

68,889

72,217

61,979

67,099

59,013

58,122

54,505

54,790

59,526

63,284

66,032

68,212

55,973

57,857

60,197

64,174

57,978

60,148

64,116

50,518

51,493

53,715

55,433

57,998

49,321

47,908

48,936

Current liabilities:
Accounts payable

961

194

666

1,086

1,038

225

1,086

649

1,168

411

418

642

853

439

659

246

504

309

553

624

615

302

584

222

87

833

963

370

508

957

2,092

756

855

1,069

863

891

358

Accrued liabilities

975

4,536

927

1,369

1,053

2,070

889

972

668

2,281

597

5,799

739

3,953

3,911

1,164

2,379

1,665

1,786

1,955

1,333

1,580

896

1,188

1,184

1,738

1,224

850

1,769

1,395

2,126

2,407

1,406

1,049

918

1,029

1,518

Tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

321

321

321

321

321

321

321

Current portion of long-term debt

20

31

42

53

60

59

58

57

57

1,408

1,378

1,398

1,503

170

42,564

167

49

49

36,933

36,194

35,441

11

11

11

11

11

11

11

11

11

11

-

-

4

8

12

16

Warrant derivative liabilities

2,547

-

-

-

-

865

1,119

1,528

1,871

2,387

6,642

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

45

44

966

966

965

923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

923

923

-

-

-

-

-

Total current liabilities

4,548

4,805

2,601

3,474

3,116

4,142

3,152

3,206

3,764

6,487

9,035

7,839

3,095

4,562

47,134

1,577

2,932

2,023

39,272

38,773

37,389

1,893

1,491

1,421

1,282

2,582

2,198

1,231

2,288

2,363

5,473

4,407

2,582

2,443

1,789

1,932

1,892

Long-term debt, net

72,397

137,565

141,409

137,988

136,716

136,246

133,287

129,937

126,782

123,768

120,929

117,842

101,847

102,374

67,846

109,285

100,983

107,592

73,186

72,585

71,086

104,384

102,537

100,409

98,404

96,417

87,090

85,460

83,925

63,250

56,831

55,146

53,572

52,032

50,517

49,080

44,403

Long-term lease obligations, net

16,060

15,707

15,376

15,045

48

14,411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term lease obligations with related party, net

-

-

-

-

-

-

14,121

13,831

13,544

13,276

13,023

12,770

12,519

12,287

12,068

11,849

11,633

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

451

Deferred revenue

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

750

1,053

728

670

-

-

-

Other long-term liabilities

3

15

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

37

48

-

923

923

923

923

1,443

3,683

1,443

1,443

1,443

1,369

3,173

923

923

923

923

923

923

923

923

923

923

923

923

923

-

-

923

923

1,423

1,423

923

Total liabilities

93,758

158,842

160,162

157,294

155,347

155,549

152,233

148,647

145,763

145,204

145,180

142,884

119,654

121,416

129,241

124,830

119,471

111,288

114,131

113,031

110,148

107,950

105,701

103,503

101,359

100,672

90,961

88,364

87,886

67,286

63,054

60,606

57,805

56,068

54,050

52,815

47,990

Commitments and contingencies (Note 11)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stockholders’ deficit:
Preferred stock - $.01 par value; 100,000 shares authorized at March 31, 2020 and December 31, 2019; shares issued – 10,000 at March 31, 2020 and 0 at December 31, 2019

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock - $.01 par value; 70,000,000 shares authorized at March 31, 2020 and December 31, 2019; shares issued and outstanding – 34,772,030 at March 31, 2020 and 28,480,567 at December 31, 2019

347

285

270

269

259

247

245

244

232

230

225

225

222

218

190

187

179

179

179

177

177

177

162

161

161

161

154

154

154

154

154

154

154

154

142

138

137

Additional paid-in capital

502,076

419,194

407,330

406,762

397,622

383,521

381,824

381,556

366,580

364,806

360,144

359,776

359,201

355,336

332,729

331,077

327,182

326,855

321,532

320,427

320,068

319,604

304,523

304,040

304,009

303,979

301,521

301,491

301,476

301,039

300,440

300,374

300,309

300,163

288,766

284,487

282,359

Accumulated deficit

-522,111

-501,597

-494,243

-486,799

-479,299

-470,008

-461,978

-455,738

-449,706

-443,735

-436,660

-430,668

-417,098

-409,871

-403,147

-397,972

-392,327

-383,532

-376,316

-370,351

-364,361

-359,519

-354,413

-349,847

-345,332

-340,638

-334,658

-329,861

-325,400

-317,961

-312,155

-307,419

-302,835

-298,387

-293,637

-289,532

-281,550

Total stockholders’ deficit

-19,687

-82,118

-86,643

-79,768

-81,418

-86,240

-79,909

-73,938

-82,894

-78,699

-76,291

-70,667

-57,675

-54,317

-70,228

-66,708

-64,966

-56,498

-54,605

-49,747

-44,116

-39,738

-49,728

-45,646

-41,162

-36,498

-32,983

-28,216

-23,770

-16,768

-11,561

-6,891

-2,372

1,930

-4,729

-4,907

946

Total liabilities and stockholders’ deficit

74,071

76,724

73,519

77,526

73,929

69,309

72,324

74,709

62,869

66,505

68,889

72,217

61,979

67,099

59,013

58,122

54,505

54,790

59,526

63,284

66,032

68,212

55,973

57,857

60,197

64,174

57,978

60,148

64,116

50,518

51,493

53,715

55,433

57,998

49,321

47,908

48,936