Cadiz (CDZI) 10-K 16 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 10, 2017	Jun. 30, 2016
Document Information [Line Items]
Entity Registrant Name	CADIZ INC
Entity Central Index Key	727,273
Trading Symbol	cdzi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		22,174,925
Entity Public Float			$ 92,899,031
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total revenues	$ 412	$ 304	$ 336
Costs and expenses:
Cost of sales (exclusive of depreciation shown below)		334	357
General and administrative	9,330	13,709	10,084
Depreciation	292	270	254
Total costs and expenses	9,622	14,313	10,695
Operating loss	(9,210)	(14,009)	(10,359)
Interest expense, net	(14,875)	(10,070)	(8,518)
Loss on extinguishment of debt and debt refinancing	(2,250)
Other income, net		70
Loss before income taxes	(26,335)	(24,009)	(18,877)
Income tax (benefit) expense	4	4	4
Net loss and comprehensive loss	$ (26,339)	$ (24,013)	$ (18,881)
Basic and diluted net loss per share (in dollars per share)	$ (1.41)	$ (1.35)	$ (1.15)
Weighted-average shares outstanding (in shares)	18,719	17,782	16,370

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 12,172,000	$ 2,690,000
Accounts receivable	39,000	187,000
Prepaid expenses and other	3,391,000	309,000
Total current assets	15,602,000	3,186,000
Property, plant, equipment and water programs, net	44,182,000	44,474,000
Goodwill	3,813,000	3,813,000
Other assets	3,502,000	3,317,000
Total assets	67,099,000	54,790,000
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable	439,000	309,000
Accrued liabilities	3,953,000	1,665,000
Current portion of long term debt	170,000	49,000
Total current liabilities	4,562,000	2,023,000
Long-term debt	102,374,000	107,592,000
Long-term lease obligations with related party, net	12,287,000
Deferred revenue	750,000	750,000
Other long-term liabilities	1,443,000	923,000
Total liabilities	121,416,000	111,288,000
Commitments and contingencies (Note 11)
Stockholders' deficit:
Common stock - $0.01 par value; 70,000,000 sharesauthorized; shares issued and outstanding: 21,768,864 at December 31, 2016, and 17,876,016 at December 31, 2015	218,000	179,000
Additional paid-in capital	355,336,000	326,855,000
Accumulated deficit	(409,871,000)	(383,532,000)
Total stockholders' deficit	(54,317,000)	(56,498,000)
Total liabilities and stockholders' deficit	$ 67,099,000	$ 54,790,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Common stock - par value (in dollars per share)	$ 0.01	$ 0.01
Common stock - shares authorized (in shares)	70,000,000	70,000,000
Common stock - shares issued (in shares)	21,768,864	17,876,016
Common stock - shares outstanding (in shares)	21,768,864	17,876,016

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (26,339)	$ (24,013)	$ (18,881)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation	292	270	254
Amortization of deferred loan costs	238	198	226
Amortization of debt discount	3,739	1,635	633
Interest expense added to loan principal	7,636	8,237	7,659
Interest added to lease liability	755
Loss on debt conversion	1,234
Loss on early extinguishment of debt and debt refinancing	2,250
Compensation charge for stock awards and share options	1,296	1,116	1,077
Changes in operating assets and liabilities:
Decrease in accounts receivable	148	52	52
(Increase) decrease in prepaid expenses and other	(3,082)	37	4
Increase in other assets	(185)	(186)	(186)
Increase (decrease) in accounts payable	130	9	(533)
Increase (decrease) in accrued liabilities	2,374	77	(426)
Net cash used for operating activities	(9,514)	(12,568)	(10,121)
Cash flows from investing activities:
Additions to property, plant and equipment		(906)	(72)
Net cash used for investing activities		(906)	(72)
Cash flows from financing activities:
Net proceeds from issuance of common stock	10,510		14,523
Up-front payment related to lease liability	12,000
Net proceeds from issuance of long-term debt	8,000
Debt issuance costs	(960)
Principal payments on long-term debt	(10,554)	(42)	(11)
Net cash provided by (used for) financing activities	18,996	(42)	14,512
Net increase (decrease) in cash and cash equivalents	9,482	(13,516)	4,319
Cash and cash equivalents, beginning of period	2,690	16,206	11,887
Cash and cash equivalents, end of period	$ 12,172	$ 2,690	$ 16,206

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Shares Issued Pursuant to Shelf Takedown [Member]Common Stock [Member]	Shares Issued Pursuant to Shelf Takedown [Member]Additional Paid-in Capital [Member]	Shares Issued Pursuant to Shelf Takedown [Member]Retained Earnings [Member]	Shares Issued Pursuant to Shelf Takedown [Member]	Shares Issued to Lenders [Member]Common Stock [Member]	Shares Issued to Lenders [Member]Additional Paid-in Capital [Member]	Shares Issued to Lenders [Member]Retained Earnings [Member]	Shares Issued to Lenders [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2013									16,152,756
Balance at Dec. 31, 2013									$ 161	$ 303,979	$ (340,638)	$ (36,498)
Issuance of shares pursuant to stock awards (in shares)									29,327
Stock Issued During Period, Shares, New Issues	1,435,713
Stock Issued During Period, Value, New Issues	$ 14	$ 14,443		$ 14,457
Issuance of shares pursuant to warrant exercise (in shares)									24,441
Stock Issued During Period, Shares, Conversion of Convertible Securities									39,037
Issuance of stock pursuant to bond conversion									$ 1	310		311
Stock compensation expense									1	872		873
Net Income (Loss) Attributable to Parent											(18,881)	(18,881)
Balance (in shares) at Dec. 31, 2014									17,681,274
Balance at Dec. 31, 2014									$ 177	319,604	(359,519)	(39,738)
Issuance of stock pursuant to bond conversion (in shares)									39,037
Stock Issued During Period, Value, Conversion of Convertible Securities									$ 1	310		311
Issuance of shares pursuant to stock awards (in shares)									68,109
Stock Issued During Period, Shares, Conversion of Convertible Securities									126,633
Issuance of stock pursuant to bond conversion									$ 1	1,005		1,006
Stock compensation expense									1	1,107		1,108
Net Income (Loss) Attributable to Parent											(24,013)	(24,013)
Balance (in shares) at Dec. 31, 2015									17,876,016
Balance at Dec. 31, 2015									$ 179	326,855	(383,532)	(56,498)
Conversion Features										5,139		5,139
Issuance of stock pursuant to bond conversion (in shares)									126,633
Stock Issued During Period, Value, Conversion of Convertible Securities									$ 1	1,005		$ 1,006
Issuance of shares pursuant to stock awards (in shares)									207,868
Stock Issued During Period, Shares, New Issues	1,150,000				1,128,257			46,236
Stock Issued During Period, Value, New Issues	$ 12	$ 10,498		$ 10,510	$ 11	$ 6,075		$ 6,086
Stock Issued During Period, Shares, Conversion of Convertible Securities									1,406,723			1,406,723
Issuance of stock pursuant to bond conversion									$ 14	9,566		$ 9,580
Stock compensation expense									2	860		862
Net Income (Loss) Attributable to Parent											(26,339)	(26,339)
Balance (in shares) at Dec. 31, 2016									21,768,864
Balance at Dec. 31, 2016									$ 218	355,336	(409,871)	(54,317)
Conversion Features										1,482		$ 1,482
Issuance of stock pursuant to bond conversion (in shares)									1,406,723			1,406,723
Stock Issued During Period, Value, Conversion of Convertible Securities									$ 14	$ 9,566		$ 9,580

Note 1 - Description of Busines

Note 1 - Description of Business	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1 Cadiz Inc. (“Cadiz” or “the Company”) is a land and water resource development company with 45,000 three The Company has been primarily focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Water Project” or “Project”), which will capture and conserve millions of acre-feet of native groundwater currently being lost to evaporation from the aquifer system beneath the Company’s 34,000

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 Basis of Presentation The Consolidated Financial Statements of the Company have been prepared assuming that the Company will continue as a going concern, which assumed realization of assets and settlement of liabilities in the normal course of business. The Company incurred losses of $26.3 $24.0 $18.9 December 31, 2016, 2015 2014, $11.0 December 31, 2016, $12.2 $9.5 December 31, 2016. December 31, 2016, In April 2016, $10.0 7.00% 2020 (“2020 December 2016, $10.6 1,150,000 $9.75 The agreement with its lenders to allow the Company to pay all interest either in-kind or through the issuance of shares combined with the proceeds from the issuance of the 2020 April 2018. The Company may April 2018 may Limitations on the Company’s liquidity and ability to raise capital may Principles of Consolidation The consolidated financial statements include the accounts of Cadiz Inc. and all subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing these financial statements, management has made estimates with regard to goodwill and other long-lived assets, stock compensation and deferred tax assets. Actual results could differ from those estimates. Revenue Recognition The Company recognizes agricultural revenue through its lease with Fenner Valley Farms LLC. Stock-Based Compensation General and administrative expenses include $1.3 $1.1 $1.1 December 31, 2016, 2015 2014, The Company applies the Black-Scholes valuation model in determining the fair value of options granted to employees and consultants. For employees, the fair value is then charged to expense on the straight-line basis over the requisite service period. For consultants, the fair value is remeasured at each reporting period and recorded as a liability until the award is settled. ASC 718 December 31, 2016, 718. 7, Net Loss Per Common Share Basic net loss per share is computed by dividing the net loss by the weighted-average common shares outstanding. Options, deferred stock units, warrants, and the zero 11,070,000 8,453,000 8,237,000 December 31, 2016, 2015 2014, Property, Plant, Equipment and Water Programs Property, plant, equipment and water programs are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, generally ten forty five five fifteen Water rights, storage and supply programs are stated at cost. Certain costs directly attributable to the development of such programs have been capitalized by the Company. These costs, which are expected to be recovered through future revenues, consist of direct labor, drilling costs, consulting fees for various engineering, hydrological, environmental and additional feasibility studies, and other professional and legal fees. While interest on borrowed funds is currently expensed, interest costs related to the construction of project facilities will be capitalized at the time construction of these facilities commences. Goodwill and Other Assets As a result of a merger in May 1988 two $7,006,000 $3,193,000 350 January 1, 2002. 350, Deferred loan costs represent costs incurred to obtain debt financing. Such costs are amortized over the life of the related loan using the interest method. At December 31, 2016, 6, Impairment of Goodwill and Long-Lived Assets The Company assesses long-lived assets, excluding goodwill, for recoverability whenever events or changes in circumstances indicate that their carrying value may may The Company uses a two first 2” The step 2 Income Taxes Income taxes are provided for using an asset and liability approach which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities at the applicable enacted tax rates. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Fair Value of Financial Instruments Financial assets with carrying values approximating fair value include cash and cash equivalents and accounts receivable. Financial liabilities with carrying values approximating fair value include accounts payable and accrued liabilities due to their short-term nature. The carrying value of the Company's debt approximates fair value, based on interest rates available to the Company for debt with similar terms. See Note 6, Supplemental Cash Flow Information The Company is required to pay 50% June 5, 2016. December 31, 2016, $434 46,236 In November 2016, 357,500 $3.4 357,500 In April 2016, $1.48 $10.0 During the year ended December 31, 2016, $9.9 1,406,723 Cash payments for income taxes were $4,000 December 31, 2016, 2015, 2014. Recent Accounting Pronouncements Accounting Guidance Not Yet Adopted In May 2014, July 9, 2015, one January 1, 2018. In February 2016, one January 1, 2019, In March 2016, January 1, 2017, In August 2016, eight December 15, 2017, In January 2017, 2 December 15, 2019, Accounting Guidance Adopted In August 2014, one one December 31, 2016. In April 2015, first 2016. December 31, 2015 $626

Note 3 - Property, Plant, Equip

Note 3 - Property, Plant, Equipment and Water Programs	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3 Property, plant, equipment and water programs consist of the following (dollars in thousands): December 31, 201 6 201 5 Land and land improvements $ 24,781 $ 24,781 Water programs 21,324 21,324 Buildings 1,572 1,572 Leasehold improvements 570 570 Furniture and fixtures 461 461 Machinery and equipment 1,313 1,313 Construction in progress 112 112 50,134 50,133 Less accumulated depreciation (5,951 ) (5,659 ) $ 44,182 $ 44,474

Note 4 - Other Assets

Note 4 - Other Assets	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 4 Other assets consist of the following (dollars in thousands): December 31, 201 6 201 5 Prepaid rent $ 3,369 $ 3,184 Security deposits 133 133 $ 3,502 $ 3,317 Prepaid rent primarily consists of fees incurred to obtain the right-of-way for the Water Project. Amortization of prepaid rent was approximately $115,000, $115,000 $115,000 2016, 2015 2014,

Note 5 - Accrued Liabilities

Note 5 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 5 At December 31, 2016 2015, December 31, 201 6 201 5 Payroll, bonus, and benefits $ 317 $ 19 Legal and consulting 167 1,092 Stock-based compensation 171 283 Litigation settlement 3,000 - Other accrued expenses 298 271 $ 3,953 $ 1,665

Note 6 - Long-term Debt and Lea

Note 6 - Long-term Debt and Lease Obligation	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6 AND LEASE OBLIGATION At December 31, 2016 2015, December 31, 2016 2015 Senior secured debt due September 28, 2019 Interest accrues at 8% per annum $ 43,550 $ 51,815 Convertible note instrument due March 5, 2018 Interest accrues at 7% per annum 2,154 4,018 Convertible note instrument due March 5, 2020 Interest accrues at 7% per annum 66,800 59,804 Lease Obligation 12,755 - Other loans 144 193 Debt discount and debt issuance costs, net of accumulated accretion (10,572 ) (7,564 ) 114,831 108,266 Less current portion 170 48 $ 114,661 $ 108,218 The carrying value of the Company’s debt approximates fair value. The fair value of the Company’s debt (Level 2) Pursuant to the Company’s loan agreements, annual maturities of long-term debt outstanding on December 31, 2016, Year Ending December 31 ($ in thousands) 2017 $ 45 2018 2,195 2019 43,593 2020 66,815 2021+ 12,755 Total Debt Outstanding $ 125,403 Credit Agreement In November 2015, first March 2016 June 2017, second $2.25 On February 8, 2016, 99 2,100 one $12.0 Under the FVF Lease Agreement, the Company has a repurchase option to terminate the lease at any time during the twenty (20) (1) one $12 ten (10%) $14,400,000), (2) 8% (3) $3,000,000 Termination Payments 20 may $1.00. one $12 10% 20 (1) 20 (2) 20 $490 20 Also on February 8, 2016, $10.5 $12.0 50% June 5, 2016; February 25, 2016, $2.25 $2.25 March 4, 2016, 90 June 30, 2017 September 28, 2017. May 2016, On November 29, 2016, September 2017 September 2019 357,500 357,500 $3.4 357,500 five $0.01 May 28, 2017. 8% Convertible Notes On April 26, 2016, April 28, 2016, $10.0 7.00% 2020 (“2020 2020 2020 $8.0 The 2020 7.00% March 5, 2020. 2020 $6.75 December 10, 2015, $2.0 $6.75 $8.0 $1.48 $400 In connection with issuing the New Notes, the Company entered into a First Supplemental Indenture to the Indenture, dated as of April 28, 2016, The Senior Secured Debt and the convertible notes contain representations, warranties and covenants that are typical for agreements of this type, including restrictions that would limit the Company's ability to incur additional indebtedness, incur liens, pay dividends or make restricted payments, dispose of assets, make investments and merge or consolidate with another person. However, while there are affirmative covenants, there are no financial covenants and no restrictions on the Company's ability to issue additional common stock to fund future working capital needs. At December 31, 2016,

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 7 Deferred taxes are recorded based upon differences between the financial statement and tax bases of assets and liabilities and available carryforwards. Temporary differences and carryforwards which gave rise to a significant portion of deferred tax assets and liabilities as of December 31, 2016 2015 December 31, 201 6 201 5 Deferred tax assets: Net operating losses $ 74,195 $ 71,215 Fixed asset basis difference 10,662 6,457 Contributions carryover 5 5 Deferred compensation 2,375 2,513 Accrued liabilities 389 315 Total deferred tax assets 87,626 80,505 Valuation allowance for deferred tax assets (87,626 ) (80,505 ) Net deferred tax asset $ - $ - The valuation allowance increased $7,121,000 $8,566,000 2016 2015, As of December 31, 2016, $252.1 $140.9 2035. As of December 31, 2016, $2.8 The Company's tax years 2013 2016 2012 2016 three four A reconciliation of the income tax benefit to the statutory federal income tax rate is as follows (dollars in thousands): Year Ended December 31, 201 6 201 5 201 4 Expected federal income tax benefit at 34% $ (8,955 ) $ (8,163 ) $ (6,418 ) Loss with no tax benefit provided 6,918 7,389 5,766 State income tax 4 4 4 Non-deductible expenses and other 2,037 774 652 Income tax expense $ 4 $ 4 $ 4 Because it is more likely than not that the Company will not realize its net deferred tax assets, it has recorded a full valuation allowance against these assets. Accordingly, no deferred tax asset has been recorded in the accompanying consolidated balance sheets.

Note 8 - Common Stock

Note 8 - Common Stock	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 8 – COMMON STOCK As previously disclosed, in January 2013, 400,000 100,000 four i. 100,000 ii. 100,000 iii. 100,000 51% iv. 100,000 All shares earned upon achievement of any of the four three The first four January 2013, first 100,000 May 2016, second three six third $520,000 second four three As previously disclosed, in June 2014, 200,000 200,000 July 1, 2014 June 10, 2017,

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation Plans and Warrants	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 – STOCK-BASED COMPENSATION PLANS AND WARRANTS The Company has issued options and has granted stock awards pursuant to its 2009 2014 2009 The 2009 2009 850,000 8 December 18, 2009. 2009 ten 24 December 31, 2016, 507,500 2014 The 2014 June 10, 2014 675,000 2014 2009 2014 8, 162,500 July 1, 2014 December 31, 2016 200,000 December 31, 2016, 162,500 July 1, 2014 Under the 2014 $30,000 $20,000 June 30 $7,500 $5,000 January 31 All options that have been issued under the above plans have been issued to officers, employees and consultants of the Company. In total, options to purchase 507,500 December 31, 2016, 2009 2014 For consultants of the Company, the fair value of each option granted under the 2009 For officers and employees of the Company, the fair value of each option granted under the plans was estimated on the date of grant using the Black-Scholes option pricing model. The risk-free interest rate is assumed to be equal to the yield of a U.S. Treasury bond of comparable maturity, as published in the Federal Reserve Statistical Release for the relevant date. The expected life estimate is based on an analysis of the employees receiving option grants and the expected behavior of each employee. The expected volatility is derived from an analysis of the historical volatility of the trading price per share of the Company’s common stock on the NASDAQ Global Market. The Company does not anticipate that it will pay dividends to common stockholders in the future. The Company recognized no stock-option-related compensation costs for the years ended December 31, 2014, 2015 2016 2016. No options were granted in 2016, 2015 2014. December 31, 2016, December 31, 2015 2014 Shares Weighted- Exercise Price Average Term Aggregate Outstanding at January 1, 2014 842,500 $ 11.84 4.5 $ 7,316 Granted - $ - Forfeited, Expired or canceled (20,000 ) $ 12.60 - $ 135 Exercised - $ - Outstanding at December 31, 2014 822,500 $ 11.82 3.4 $ 7,181 Granted - $ - Forfeited, Expired or canceled (315,000 ) $ 12.09 $ 3,247 Exercised - $ - Outstanding at December 31, 2015 507,500 $ 11.66 4.3 $ 3.934 Granted - $ - Forfeited, Expired or canceled - $ - Exercised - $ - Outstanding at December 31, 2016 507,500 (a) $ 11.66 3.3 $ 3,394 Options exercisable at December 31, 2016 507,500 $ 11.66 3.3 $ 3,394 Weighted-average years of remaining contractual life of options outstanding at December 31, 2016 3.3 (a) Exercise prices vary from $9.88 $12.51, January 2020 December 2021. Stock Awards to Directors, Officers, Consultants and Employees The Company has granted stock awards pursuant to its 2009 2014 Of the total 850,000 2009 115,000 January 14, 2010, 140,000 January 10, 2011. 595,000 2009 42,265 507,500 December 31, 2016. 2014 June 2014, 45,235 2009 Under the 2014 208,186 208,186 17,365 June 30, 2016, January 31, 2017. The accompanying consolidated statements of operations and comprehensive loss include approximately $1,296,000, $1,116,000 $1,077,000 December 31, 2016, 2015 2014, A summary of stock awards activity under the plans during the years ended December 31, 2016 2015 Weighted- Average Grant-date Shares Fair Value Nonvested at December 31, 2014 144,514 $ 8.50 Granted 87,945 $ 6.37 Forfeited or canceled - $ - Vested (155,609 ) $ 7.27 Nonvested at December 31, 2015 76,850 $ 8.54 Granted 84,383 $ 7.23 Forfeited or canceled - $ - Vested (143,868 ) $ 8.11 Nonvested at December 31, 2016 17,365 $ 5.76

Note 10 - Segment Information

Note 10 - Segment Information	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 1 0 – SEGMENT INFORMATION The primary business of the Company is to acquire and develop land and water resources. As a result, the Company’s financial results are reported in a singl

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 1 – COMMITMENTS AND CONTINGENCIES The Company leases equipment and office facilities under operating leases that expire through April 2019. $157,000, $207,000 $202,000 December 31, 2016, 2015 2014, December 31, 2016, $491,000. In the normal course of its agricultural operations, the Company handles, stores, transports and dispenses products identified as hazardous materials. Regulatory agencies periodically conduct inspections and, currently, there are no pending claims with respect to hazardous materials. The Company entered into a Services and Exclusivity Agreement with Layne Christensen Company (“Layne”) on November 2009. $923,000 December 31, 2016, Pursuant to cost-sharing agreements that have been entered into by participants in the Company’s Water Project, $750,000 may December 31, 2016. On April 24, 2015, Van Wingerden v. Cadiz Inc., et al. 2:15 03080 10(b) 20(a) 1934 10b 5 December 2, 2015, February 2016. April 2016, May 6, 2016. May 9, 2016, June 16, 2016, July 14, 2016 September 30, 2016, On February 8, 2017, On February 6, 2016, Herman Boschken v. Keith Brackpool et. Al. Van Wingerden v. Cadiz 2:15 03080 Apr. 24, 2015), Notwithstanding that the Company disputes the allegations in the complaint, the parties agreed to settle the case and on January 25, 2017, Subject to final approval of the settlement by the Superior Court, and in exchange for a release of all claims by the plaintiffs and a dismissal of the Derivative Action with prejudice, the Company has agreed to implement certain corporate governance reforms, and pay certain plaintiffs’ attorney fees and expenses. The cash portion of the settlement will be paid in accordance with the Company’s corporate insurance policy and not from its cash resources. There are no other material legal proceedings pending to which the Company is a party or of which any of the Company’s property is the subject.

Note 12 - Quarterly Financial I

Note 12 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 12 ) (in thousands, except per share data) Quarter Ended March 31, June 30, September 30, December 31, 201 6 201 6 201 6 201 6 Revenues $ 75 $ 108 $ 120 $ 109 Gross profit 75 108 120 109 Operating loss (2,353 ) (2,606 ) (1,930 ) (2,321 ) Net loss (8,794 ) (5,645 ) (5,175 ) (6,724 ) Basic and diluted net loss per common share $ (0.49 ) $ (0.31 ) $ (0.28 ) $ (0.34 ) Quarter Ended March 31, June 30, September 30, December 31, 2015 201 5 201 5 201 5 Revenues $ 18 $ 38 $ 227 $ 21 Gross profit (loss) 18 38 (64 ) (22 ) Operating loss (2,718 ) (3,751 ) (3,651 ) (3,889 ) Net loss (4,842 ) (5,990 ) (5,965 ) (7,216 ) Basic and diluted net loss per common share $ (0.27 ) (0.34 ) $ (0.33 ) $ (0.40 )

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 1 3 – SUBSEQUENT EVENTS On February 8, 2017, Van Wingerden v. Cadiz Inc., et al. 2:15 03080 11, Contingencies”), was dismissed and a cash settlement was finalized. This matter is now closed. $3 December 31, 2016

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	For the years ended December 31, 201 6 , 201 5 and 201 4 ($ in thousands) Balance at Additions Charged to Balance Year ended Beginning Costs and Other at End December 31, 2016 of Period Expenses Accounts Deductions of Period Deferred tax asset valuation allowance $ 80,505 $ 7,121 $ - $ - $ 87,626 Year ended December 31, 2015 Deferred tax asset valuation allowance $ 71,939 $ 8,566 $ - $ - $ 80,505 Year ended December 31, 2014 Deferred tax asset valuation allowance $ 65,272 $ 6,667 $ - $ - $ 71,939

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The Consolidated Financial Statements of the Company have been prepared assuming that the Company will continue as a going concern, which assumed realization of assets and settlement of liabilities in the normal course of business. The Company incurred losses of $26.3 $24.0 $18.9 December 31, 2016, 2015 2014, $11.0 December 31, 2016, $12.2 $9.5 December 31, 2016. December 31, 2016, In April 2016, $10.0 7.00% 2020 (“2020 December 2016, $10.6 1,150,000 $9.75 The agreement with its lenders to allow the Company to pay all interest either in-kind or through the issuance of shares combined with the proceeds from the issuance of the 2020 April 2018. The Company may April 2018 may Limitations on the Company’s liquidity and ability to raise capital may
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Cadiz Inc. and all subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing these financial statements, management has made estimates with regard to goodwill and other long-lived assets, stock compensation and deferred tax assets. Actual results could differ from those estimates.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes agricultural revenue through its lease with Fenner Valley Farms LLC.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation General and administrative expenses include $1.3 $1.1 $1.1 December 31, 2016, 2015 2014, The Company applies the Black-Scholes valuation model in determining the fair value of options granted to employees and consultants. For employees, the fair value is then charged to expense on the straight-line basis over the requisite service period. For consultants, the fair value is remeasured at each reporting period and recorded as a liability until the award is settled. ASC 718 December 31, 2016, 718. 7,
Earnings Per Share, Policy [Policy Text Block]	Net Loss Per Common Share Basic net loss per share is computed by dividing the net loss by the weighted-average common shares outstanding. Options, deferred stock units, warrants, and the zero 11,070,000 8,453,000 8,237,000 December 31, 2016, 2015 2014,
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant, Equipment and Water Programs Property, plant, equipment and water programs are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, generally ten forty five five fifteen Water rights, storage and supply programs are stated at cost. Certain costs directly attributable to the development of such programs have been capitalized by the Company. These costs, which are expected to be recovered through future revenues, consist of direct labor, drilling costs, consulting fees for various engineering, hydrological, environmental and additional feasibility studies, and other professional and legal fees. While interest on borrowed funds is currently expensed, interest costs related to the construction of project facilities will be capitalized at the time construction of these facilities commences.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Other Assets As a result of a merger in May 1988 two $7,006,000 $3,193,000 350 January 1, 2002. 350, Deferred loan costs represent costs incurred to obtain debt financing. Such costs are amortized over the life of the related loan using the interest method. At December 31, 2016, 6,
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Goodwill and Long-Lived Assets The Company assesses long-lived assets, excluding goodwill, for recoverability whenever events or changes in circumstances indicate that their carrying value may may The Company uses a two first 2” The step 2
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are provided for using an asset and liability approach which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities at the applicable enacted tax rates. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Financial assets with carrying values approximating fair value include cash and cash equivalents and accounts receivable. Financial liabilities with carrying values approximating fair value include accounts payable and accrued liabilities due to their short-term nature. The carrying value of the Company's debt approximates fair value, based on interest rates available to the Company for debt with similar terms. See Note 6,
Cash Flow Supplemental [Policy Text Block]	Supplemental Cash Flow Information The Company is required to pay 50% June 5, 2016. December 31, 2016, $434 46,236 In November 2016, 357,500 $3.4 357,500 In April 2016, $1.48 $10.0 During the year ended December 31, 2016, $9.9 1,406,723 Cash payments for income taxes were $4,000 December 31, 2016, 2015, 2014.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Accounting Guidance Not Yet Adopted In May 2014, July 9, 2015, one January 1, 2018. In February 2016, one January 1, 2019, In March 2016, January 1, 2017, In August 2016, eight December 15, 2017, In January 2017, 2 December 15, 2019, Accounting Guidance Adopted In August 2014, one one December 31, 2016. In April 2015, first 2016. December 31, 2015 $626

Note 3 - Property, Plant, Equ22

Note 3 - Property, Plant, Equipment and Water Programs (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 201 6 201 5 Land and land improvements $ 24,781 $ 24,781 Water programs 21,324 21,324 Buildings 1,572 1,572 Leasehold improvements 570 570 Furniture and fixtures 461 461 Machinery and equipment 1,313 1,313 Construction in progress 112 112 50,134 50,133 Less accumulated depreciation (5,951 ) (5,659 ) $ 44,182 $ 44,474

Note 4 - Other Assets (Tables)

Note 4 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, 201 6 201 5 Prepaid rent $ 3,369 $ 3,184 Security deposits 133 133 $ 3,502 $ 3,317

Note 5 - Accrued Liabilities (T

Note 5 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 201 6 201 5 Payroll, bonus, and benefits $ 317 $ 19 Legal and consulting 167 1,092 Stock-based compensation 171 283 Litigation settlement 3,000 - Other accrued expenses 298 271 $ 3,953 $ 1,665

Note 6 - Long-term Debt and L25

Note 6 - Long-term Debt and Lease Obligation (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2016 2015 Senior secured debt due September 28, 2019 Interest accrues at 8% per annum $ 43,550 $ 51,815 Convertible note instrument due March 5, 2018 Interest accrues at 7% per annum 2,154 4,018 Convertible note instrument due March 5, 2020 Interest accrues at 7% per annum 66,800 59,804 Lease Obligation 12,755 - Other loans 144 193 Debt discount and debt issuance costs, net of accumulated accretion (10,572 ) (7,564 ) 114,831 108,266 Less current portion 170 48 $ 114,661 $ 108,218
Schedule of Maturities of Long-term Debt [Table Text Block]	Year Ending December 31 ($ in thousands) 2017 $ 45 2018 2,195 2019 43,593 2020 66,815 2021+ 12,755 Total Debt Outstanding $ 125,403

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 201 6 201 5 Deferred tax assets: Net operating losses $ 74,195 $ 71,215 Fixed asset basis difference 10,662 6,457 Contributions carryover 5 5 Deferred compensation 2,375 2,513 Accrued liabilities 389 315 Total deferred tax assets 87,626 80,505 Valuation allowance for deferred tax assets (87,626 ) (80,505 ) Net deferred tax asset $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 201 6 201 5 201 4 Expected federal income tax benefit at 34% $ (8,955 ) $ (8,163 ) $ (6,418 ) Loss with no tax benefit provided 6,918 7,389 5,766 State income tax 4 4 4 Non-deductible expenses and other 2,037 774 652 Income tax expense $ 4 $ 4 $ 4

Note 9 - Stock-based Compensa27

Note 9 - Stock-based Compensation Plans and Warrants (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Shares Weighted- Exercise Price Average Term Aggregate Outstanding at January 1, 2014 842,500 $ 11.84 4.5 $ 7,316 Granted - $ - Forfeited, Expired or canceled (20,000 ) $ 12.60 - $ 135 Exercised - $ - Outstanding at December 31, 2014 822,500 $ 11.82 3.4 $ 7,181 Granted - $ - Forfeited, Expired or canceled (315,000 ) $ 12.09 $ 3,247 Exercised - $ - Outstanding at December 31, 2015 507,500 $ 11.66 4.3 $ 3.934 Granted - $ - Forfeited, Expired or canceled - $ - Exercised - $ - Outstanding at December 31, 2016 507,500 (a) $ 11.66 3.3 $ 3,394 Options exercisable at December 31, 2016 507,500 $ 11.66 3.3 $ 3,394 Weighted-average years of remaining contractual life of options outstanding at December 31, 2016 3.3
Schedule of Nonvested Share Activity [Table Text Block]	Weighted- Average Grant-date Shares Fair Value Nonvested at December 31, 2014 144,514 $ 8.50 Granted 87,945 $ 6.37 Forfeited or canceled - $ - Vested (155,609 ) $ 7.27 Nonvested at December 31, 2015 76,850 $ 8.54 Granted 84,383 $ 7.23 Forfeited or canceled - $ - Vested (143,868 ) $ 8.11 Nonvested at December 31, 2016 17,365 $ 5.76

Note 12 - Quarterly Financial28

Note 12 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	(in thousands, except per share data) Quarter Ended March 31, June 30, September 30, December 31, 201 6 201 6 201 6 201 6 Revenues $ 75 $ 108 $ 120 $ 109 Gross profit 75 108 120 109 Operating loss (2,353 ) (2,606 ) (1,930 ) (2,321 ) Net loss (8,794 ) (5,645 ) (5,175 ) (6,724 ) Basic and diluted net loss per common share $ (0.49 ) $ (0.31 ) $ (0.28 ) $ (0.34 ) Quarter Ended March 31, June 30, September 30, December 31, 2015 201 5 201 5 201 5 Revenues $ 18 $ 38 $ 227 $ 21 Gross profit (loss) 18 38 (64 ) (22 ) Operating loss (2,718 ) (3,751 ) (3,651 ) (3,889 ) Net loss (4,842 ) (5,990 ) (5,965 ) (7,216 ) Basic and diluted net loss per common share $ (0.27 ) (0.34 ) $ (0.33 ) $ (0.40 )

Schedule II - Valuation and Q29

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Summary of Valuation Allowance [Table Text Block]	For the years ended December 31, 201 6 , 201 5 and 201 4 ($ in thousands) Balance at Additions Charged to Balance Year ended Beginning Costs and Other at End December 31, 2016 of Period Expenses Accounts Deductions of Period Deferred tax asset valuation allowance $ 80,505 $ 7,121 $ - $ - $ 87,626 Year ended December 31, 2015 Deferred tax asset valuation allowance $ 71,939 $ 8,566 $ - $ - $ 80,505 Year ended December 31, 2014 Deferred tax asset valuation allowance $ 65,272 $ 6,667 $ - $ - $ 71,939

Note 1 - Description of Busin30

Note 1 - Description of Business (Details Textual)	Dec. 31, 2016a
Area of Land	45,000
Agricultural [Member]
Area of Land	34,000

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	Nov. 29, 2016	Apr. 28, 2016	Jan. 01, 2002	Dec. 31, 2016	Nov. 30, 2016	Apr. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	May 31, 1988
Net Income (Loss) Attributable to Parent							$ (26,339,000)	$ (24,013,000)	$ (18,881,000)
Working Capital				$ 11,000,000			11,000,000
Cash and Cash Equivalents, at Carrying Value				12,172,000			12,172,000	2,690,000	16,206,000	$ 11,887,000
Net Cash Provided by (Used in) Operating Activities							(9,514,000)	(12,568,000)	(10,121,000)
Share-based Compensation							$ 1,296,000	$ 1,116,000	$ 1,077,000
Weighted Average Number Diluted Shares Outstanding Adjustment							11,070,000	8,453,000	8,237,000
Goodwill				$ 3,813,000			$ 3,813,000	$ 3,813,000			$ 7,006,000
Goodwill Amortized Portion			$ 3,193,000
Percentage of Future Quarterly Interest Payments				50.00%			50.00%
Interest Payments in Stock							$ 434,000
Debt Instrument, Unamortized Discount				$ 10,572,000			10,572,000	7,564,000
Stock Issued During Period, Value, Conversion of Convertible Securities							$ 9,580,000	1,006,000	$ 311,000
Stock Issued During Period, Shares, Conversion of Convertible Securities							1,406,723
Income Taxes Paid							$ 4,000	4,000	4,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount							0
Debt Issuance Cost Reclassification from Other Long-term Assets to Long-term Debt [Member] | Year Ended December 31, 2015 [Member]
Prior Period Reclassification Adjustment								626,000
Land Improvements and Buildings [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life							10 years
Land Improvements and Buildings [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life							45 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life							5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life							15 years
General and Administrative Expense [Member]
Share-based Compensation							$ 1,300,000	$ 1,100,000	1,100,000
Shares Issued Pursuant to Shelf Takedown [Member]
Stock Issued During Period, Value, New Issues				$ 10,600,000			$ 10,510,000		$ 14,457,000
Stock Issued During Period, Shares, New Issues				1,150,000
Shares Issued, Price Per Share				$ 9.75			$ 9.75
Shares Issued to Lenders [Member]
Stock Issued During Period, Value, New Issues							$ 6,086,000
Stock Issued During Period, Shares, New Issues	357,500				357,500		46,236
Debt Instrument, Unamortized Discount	$ 3,400,000				$ 3,400,000
2020 Convertible Senior Notes [Member] | Investors [Member]
Unsecured Debt		$ 10,000,000				$ 10,000,000
Debt Instrument, Interest Rate, Stated Percentage		7.00%				7.00%
Debt Instrument, Unamortized Discount		$ 2,000,000
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 1,480,000				$ 1,480,000

Note 3 - Property, Plant, Equ32

Note 3 - Property, Plant, Equipment and Water Programs - Property, Plant, Equipment and Water Programs (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, plant, and equipment	$ 50,134	$ 50,133
Less accumulated depreciation	(5,951)	(5,659)
Property, plant, and equipment, net	44,182	44,474
Land and Land Improvements [Member]
Property, plant, and equipment	24,781	24,781
Water Programs [Member]
Property, plant, and equipment	21,324	21,324
Building [Member]
Property, plant, and equipment	1,572	1,572
Leasehold Improvements [Member]
Property, plant, and equipment	570	570
Furniture and Fixtures [Member]
Property, plant, and equipment	461	461
Machinery and Equipment [Member]
Property, plant, and equipment	1,313	1,313
Construction in Progress [Member]
Property, plant, and equipment	$ 112	$ 112

Note 4 - Other Assets (Details

Note 4 - Other Assets (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Prepaid Rent [Member]
Amortization of Deferred Charges	$ 115,000	$ 115,000	$ 115,000

Note 4 - Other Assets - Other A

Note 4 - Other Assets - Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid rent	$ 3,369	$ 3,184
Security deposits	133	133
Other assets	$ 3,502	$ 3,317

Note 5 - Accrued Liabilities -

Note 5 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Payroll, bonus, and benefits	$ 317	$ 19
Legal and consulting	167	1,092
Stock-based compensation	171	283
Estimated Litigation Liability, Current	3,000
Other accrued expenses	298	271
Total accrued liabilities	$ 3,953	$ 1,665

Note 6 - Long-term Debt and L36

Note 6 - Long-term Debt and Lease Obligation (Details Textual)	Nov. 29, 2016USD ($)$ / sharesshares	Apr. 28, 2016USD ($)	Feb. 08, 2016USD ($)a	Nov. 30, 2016USD ($)shares	Apr. 30, 2016USD ($)	Dec. 31, 2016USD ($)shares	Feb. 25, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Nov. 30, 2015USD ($)
Long-term Debt						$ 125,403,000
Percentage of Future Quarterly Interest Payments						50.00%
Debt Instrument, Unamortized Discount						$ 10,572,000		$ 7,564,000
Shares Issued to Lenders [Member]
Stock Issued During Period, Shares, New Issues | shares	357,500			357,500		46,236
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares	357,500
Debt Instrument, Unamortized Discount	$ 3,400,000			$ 3,400,000
Class of Warrant or Right, Term	5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 0.01
Fenner Valley Farms LLC [Member]
Lease Term			99 years
Area of Real Estate Property | a			2,100
Termination Period After Lease Effective Date			20 years
Lease Compounded Annual Return, Percentage			10.00%
Minimum Future Payments from Leases Held for Investment			$ 14,400,000
Reimbursement of Water Related Infrastructure from Leased Property, Annual Percentage			8.00%
Maximum Reimbursement of Pipeline Related Development Expenses from Leased Property			$ 3,000,000
Leased Property, Sale Price			1
Long-term Debt			12,000,000
Legal Fees			490,000
Senior Secured Debt [Member]
Debt Instrument, Fee Amount							$ 2,250,000		$ 2,250,000
Repayments of Senior Debt			$ 10,500,000
Percentage of Future Quarterly Interest Payments			50.00%
2020 Convertible Senior Notes [Member] | Investors [Member]
Debt Instrument, Fee Amount		$ 400,000
Debt Instrument, Unamortized Discount		2,000,000
Unsecured Debt		$ 10,000,000			$ 10,000,000
Debt Instrument, Interest Rate, Stated Percentage		7.00%			7.00%
Proceeds from Issuance of Debt		$ 8,000,000
Debt Instrument, Convertible, Conversion Price | $ / shares								$ 6.75
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 1,480,000			$ 1,480,000

Note 6 - Long-term Debt and L37

Note 6 - Long-term Debt and Lease Obligation - Carrying Amount of the Company's Outstanding Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Lease Obligation	$ 12,755
Other loans	144	193
Debt discount and debt issuance costs, net of accumulated accretion	(10,572)	(7,564)
Debt, gross	114,831	108,266
Less current portion	170	48
Debt, non-current	114,661	108,218
Senior Secured Debt, Due September 28, 2019 [Member]
Senior secured debt	43,550	51,815
Convertible Note Instrument, Due March 5, 2018 [Member]
Convertible note instrument	2,154	4,018
Convertible Note Instrument, Due March 5, 2020 [Member]
Convertible note instrument	$ 66,800	$ 59,804

Note 6 - Long-term Debt and L38

Note 6 - Long-term Debt and Lease Obligation - Carrying Amount of the Company's Outstanding Debt (Details) (Parentheticals)	Dec. 31, 2016	Dec. 31, 2015
Senior Secured Debt, Due September 28, 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.00%	8.00%
Convertible Note Instrument, Due March 5, 2018 [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%
Convertible Note Instrument, Due March 5, 2020 [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%

Note 6 - Long-term Debt and L39

Note 6 - Long-term Debt and Lease Obligation - Annual Maturities of Long-term Debt Outstanding (Details) $ in Thousands	Dec. 31, 2016USD ($)
2,017	$ 45
2,018	2,195
2,019	43,593
2,020	66,815
2021+	12,755
Total Debt Outstanding	$ 125,403

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 7,121,000	$ 8,566,000
Unrecognized Tax Benefits	2,800,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0
Deferred Tax Assets, Net	0
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards	$ 252,100,000
Open Tax Period	3 years
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Earliest Tax Year [Member]
Open Tax Year	2,013
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Latest Tax Year [Member]
Open Tax Year	2,016
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards	$ 140,900,000
Open Tax Period	4 years
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | Earliest Tax Year [Member]
Open Tax Year	2,012
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | Latest Tax Year [Member]
Open Tax Year	2,016

Note 7 - Income Taxes - Deferre

Note 7 - Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net operating losses	$ 74,195	$ 71,215
Fixed asset basis difference	10,662	6,457
Contributions carryover	5	5
Deferred compensation	2,375	2,513
Accrued liabilities	389	315
Total deferred tax assets	87,626	80,505
Valuation allowance for deferred tax assets	(87,626)	(80,505)
Net deferred tax asset

Note 7 - A Reconciliation of th

Note 7 - A Reconciliation of the Income Tax Benefit to the Statutory Federal Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Expected federal income tax benefit at 34%	$ (8,955)	$ (8,163)	$ (6,418)
Loss with no tax benefit provided	6,918	7,389	5,766
State income tax	4	4	4
Non-deductible expenses and other	2,037	774	652
Income tax expense	$ 4	$ 4	$ 4

Note 7 - A Reconciliation of 43

Note 7 - A Reconciliation of the Income Tax Benefit to the Statutory Federal Income Tax Rate (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal Statutory Income Tax Rate	34.00%	34.00%	34.00%

Note 8 - Common Stock (Details

Note 8 - Common Stock (Details Textual)	1 Months Ended		3 Months Ended	12 Months Ended
	Jun. 30, 2014shares	Jan. 31, 2013shares	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)
Common Stock, Capital Shares Reserved for Future Issuance		400,000
Percentage Of Projects Annual Capacity		51.00%
Number of Milestones for Common Stock Issuance		4
Shares Payable Term From Date Earned		3 years
Allocated Share-based Compensation Expense | $			$ 520,000	$ 1,296,000	$ 1,116,000	$ 1,077,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				84,383	87,945
Twenty Fourteen Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				675,000
Restricted Stock Units (RSUs) [Member] | Twenty Fourteen Equity Incentive Plan [Member] | Water Project [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	200,000			200,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	200,000
Shares Earned Upon Execution Of The Revised Agreement [Member]
Common Stock, Capital Shares Reserved for Future Issuance		100,000
Shares Earned Upon Receipt By The Company [Member]
Common Stock, Capital Shares Reserved for Future Issuance		100,000
Shares Earned Upon The Signing Of Binding Agreements [Member]
Common Stock, Capital Shares Reserved for Future Issuance		100,000
Shares Earned Upon The Commencement Of Construction [Member]
Common Stock, Capital Shares Reserved for Future Issuance		100,000

Note 9 - Stock-based Compensa45

Note 9 - Stock-based Compensation Plans and Warrants (Details Textual) - USD ($)	Jan. 10, 2011	Jan. 14, 2010	Jun. 30, 2014	Dec. 18, 2009	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2016	Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number								507,500	[1]	507,500	822,500	842,500
Allocated Share-based Compensation Expense					$ 520,000			$ 1,296,000		$ 1,116,000	$ 1,077,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price								$ 11.66		$ 11.66	$ 11.82	$ 11.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period								0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross								0		0	0
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price								$ 12.51
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price								$ 9.88
Employee Stock Option [Member]
Allocated Share-based Compensation Expense								$ 0		$ 0	$ 0
Two Thousand Nine Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				850,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			45,235
Two Thousand Nine Equity Incentive Plan [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period							42,265
Two Thousand Nine Equity Incentive Plan [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number						507,500		507,500
Two Thousand Nine Equity Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				10 years
Two Thousand Nine Equity Incentive Plan [Member] | Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				2 years
Two Thousand Nine Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized								162,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	140,000	115,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	595,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period						17,365
Twenty Fourteen Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized								675,000
Twenty Fourteen Equity Incentive Plan [Member] | Outside Director [Member] | Accrues Yearly [Member]
Officers' Compensation								$ 30,000
Allocated Share-based Compensation Expense								20,000
Twenty Fourteen Equity Incentive Plan [Member] | Outside Director [Member] | Accrues Quarterly [Member]
Officers' Compensation								7,500
Allocated Share-based Compensation Expense								$ 5,000
Twenty Fourteen Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Water Project [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			200,000					200,000
Two Thousand Fourteen Equity Incentive Plan [Member] | Directors and Consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period								208,186
[1]	Exercise Prices vary from $9.88 to $12.51, and expiration dates vary from January 2020 to December 2021.

Note 9 - Stock-based Compensa46

Note 9 - Stock-based Compensation Plans and Warrants - Summary of Stock Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Outstanding (in shares)	507,500		822,500	842,500
Outstanding (in dollars per share)	$ 11.66		$ 11.82	$ 11.84
Outstanding (Year)	3 years 109 days		4 years 109 days	3 years 146 days	4 years 182 days
Outstanding	$ 3,934		$ 7,181,000	$ 7,316,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0		0	0
Granted (in dollars per share)
Forfeited, Expired or canceled (in shares)			(315,000)	(20,000)
Forfeited, Expired or canceled (in dollars per share)			$ 12.09	$ 12.60
Forfeited, Expired or canceled (Year)	3 years 109 days
Forfeited, Expired or canceled			$ 3,247,000	$ 135,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Exercised (in dollars per share)
Outstanding (in shares)	507,500	[1]	507,500	822,500	842,500
Outstanding (in dollars per share)	$ 11.66		$ 11.66	$ 11.82	$ 11.84
Outstanding	$ 3,394,000		$ 3,934	$ 7,181,000	$ 7,316,000
Options exercisable at December 31, 2016 (in shares)	507,500
Options exercisable at December 31, 2016 (in dollars per share)	$ 11.66
Options exercisable at December 31, 2016	$ 3,394,000
Weighted-average years of remaining contractual life of options outstanding at December 31, 2016 (Year)	3 years 109 days
[1]	Exercise Prices vary from $9.88 to $12.51, and expiration dates vary from January 2020 to December 2021.

Note 9 - Stock-based Compensa47

Note 9 - Stock-based Compensation Plans and Warrants - Nonvested Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Nonvested (in shares)	76,850	144,514
Nonvested (in dollars per share)	$ 8.54	$ 8.50
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	84,383	87,945
Granted (in dollars per share)	$ 7.23	$ 6.37
Vested (in shares)	(143,868)	(155,609)
Vested (in dollars per share)	$ 8.11	$ 7.27
Nonvested (in shares)	17,365	76,850
Nonvested (in dollars per share)	$ 5.76	$ 8.54

Note 10 - Segment Information (

Note 10 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2016
Number of Reportable Segments	1

Note 11 - Commitments and Con49

Note 11 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense	$ 157,000	$ 207,000	$ 202,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	491,000
Water Project [Member]
Deferred Revenue	750,000
In Exchange For Services And Exclusivity Agreement [Member]
Other Liabilities, Noncurrent	$ 923,000

Note 12 - Quarterly Financial50

Note 12 - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 109	$ 120	$ 108	$ 75	$ 21	$ 227	$ 38	$ 18	$ 412	$ 304	$ 336
Gross profit	109	120	108	75	(22)	(64)	38	18
Operating loss	(2,321)	(1,930)	(2,606)	(2,353)	(3,889)	(3,651)	(3,751)	(2,718)	(9,210)	(14,009)	(10,359)
Net loss	$ (6,724)	$ (5,175)	$ (5,645)	$ (8,794)	$ (7,216)	$ (5,965)	$ (5,990)	$ (4,842)	$ (26,339)	$ (24,013)	$ (18,881)
Basic and diluted net loss per common share (in dollars per share)	$ (0.34)	$ (0.28)	$ (0.31)	$ (0.49)	$ (0.40)	$ (0.33)	$ (0.34)	$ (0.27)	$ (1.41)	$ (1.35)	$ (1.15)

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - USD ($) $ in Thousands	Feb. 08, 2017	Dec. 31, 2016	Dec. 31, 2015
Estimated Litigation Liability, Current		$ 3,000
Van Wingerden v. Cadiz Inc., et al. [Member] | Settled Litigation [Member] | Subsequent Event [Member]
Estimated Litigation Liability, Current	$ 3,000

Schedule II - Valuation and Q52

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance at Beginning of Period	$ 80,505
Balance at End of Period	87,626	$ 80,505
Valuation Allowance of Deferred Tax Assets [Member]
Balance at Beginning of Period	80,505	71,939	$ 65,272
Additions Charged to Costs and Expenses	7,121	8,566	6,667
Additions Charged to Other Accounts
Deductions
Balance at End of Period	$ 87,626	$ 80,505	$ 71,939