Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 24, 2023 | Jun. 30, 2022 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000727273 | ||
Entity Registrant Name | CADIZ INC | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 0-12114 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 77-0313235 | ||
Entity Address, Address Line One | 550 S. Hope Street, Suite 2850 | ||
Entity Address, City or Town | Los Angeles | ||
Entity Address, State or Province | CA | ||
Entity Address, Postal Zip Code | 90071 | ||
City Area Code | 213 | ||
Local Phone Number | 271-1600 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 112,089,908 | ||
Entity Common Stock, Shares Outstanding | 66,541,262 | ||
Auditor Firm ID | 238 | ||
Auditor Name | PricewaterhouseCoopers LLP | ||
Auditor Location | Los Angeles, California |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Total revenues | $ 1,501 | $ 564 |
Costs and expenses: | ||
Cost of Sales | 2,067 | 0 |
General and administrative | 15,342 | 17,653 |
Depreciation | 654 | 423 |
Total costs and expenses | 18,063 | 18,076 |
Operating loss | (16,562) | (17,512) |
Interest expense, net | (8,263) | (11,386) |
Loss on extinguishment of debt | 0 | (1,399) |
Loss before income taxes | (24,825) | (30,297) |
Income tax expense | (7) | (10) |
Gain (loss) from equity-method investments | 40 | (942) |
Net loss and comprehensive loss | (24,792) | (31,249) |
Less: Preferred stock dividend requirements | 5,106 | 2,737 |
Net loss and comprehensive loss applicable to common stock | $ (29,898) | $ (33,986) |
Basic and diluted net loss per common share (in dollars per share) | $ (0.60) | $ (0.84) |
Basic and diluted weighted-average shares outstanding (in shares) | 49,871 | 40,561 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 9,997,000 | $ 10,965,000 |
Restricted Cash | 1,288,000 | 1,288,000 |
Accounts receivable | 454,000 | 270,000 |
Prepaid expenses and other current assets | 696,000 | 691,000 |
Total current assets | 12,435,000 | 13,214,000 |
Property, plant, equipment and water programs, net | 84,138,000 | 78,890,000 |
Long-term deposit/prepaid expenses | 420,000 | 420,000 |
Equity-method investments | 0 | 976,000 |
Goodwill | 5,714,000 | 3,813,000 |
Right-of-use asset | 553,000 | 3,281,000 |
Long-term restricted cash | 2,497,000 | 7,603,000 |
Other assets | 5,030,000 | 4,296,000 |
Total assets | 110,787,000 | 112,493,000 |
Current liabilities: | ||
Accounts payable | 1,107,000 | 286,000 |
Accrued liabilities | 1,545,000 | 808,000 |
Current portion of long-term debt | 140,000 | 107,000 |
Dividend payable | 1,288,000 | 1,288,000 |
Contingent consideration liabilities | 1,450,000 | 0 |
Operating lease liabilities | 109,000 | 24,000 |
Total current liabilities | 5,639,000 | 2,513,000 |
Long-term debt, net | 48,950,000 | 46,477,000 |
Long-term lease obligations with related party, net | 20,745,000 | 18,855,000 |
Long-term operating lease liabilities | 444,000 | 3,257,000 |
Deferred revenue | 750,000 | 750,000 |
Other long-term liabilities | 36,000 | 32,000 |
Total liabilities | 76,564,000 | 71,884,000 |
Stockholders' equity (deficit): | ||
Preferred stock | 1,000 | 1,000 |
Common stock - $0.01 par value; 70,000,000 shares Authorized at December 31, 2022 and December 31, 2021; shares issued and outstanding: 55,823,810 at December 31, 2022, and 43,656,169 at December 31, 2021 | 556,000 | 436,000 |
Additional paid-in capital | 636,963,000 | 613,572,000 |
Accumulated deficit | (603,298,000) | (573,400,000) |
Total stockholders' equity | 34,223,000 | 40,609,000 |
Total liabilities and stockholders' equity | 110,787,000 | 112,493,000 |
Series A Preferred Stock [Member] | ||
Stockholders' equity (deficit): | ||
Preferred stock | $ 1,000 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | 12 Months Ended | ||||
Jul. 02, 2021 | Jul. 01, 2021 | Jun. 29, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | |||
Preferred stock, shares authorized (in shares) | 100,000 | 100,000 | |||
Preferred stock, shares issued (in shares) | 329 | 329 | |||
Preferred stock, shares outstanding (in shares) | 329 | 329 | |||
Preferred stock, dividend rate | 8.857% | 8.857% | |||
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) | 55,823,810 | 43,656,169 | |||
Common stock, shares outstanding (in shares) | 55,823,810 | 43,656,169 | |||
Series A Preferred Stock [Member] | |||||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | ||
Preferred stock, shares authorized (in shares) | 7,500 | 7,500 | 7,500 | ||
Preferred stock, shares issued (in shares) | 2,300 | 2,300 | |||
Preferred stock, shares outstanding (in shares) | 2,300 | 2,300 | |||
Preferred stock, dividend rate | 8.875% | 8.875% | 8.875% | 8.875% | 8.875% |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities: | ||
Net Income (Loss) Attributable to Parent, Total | $ (24,792,000) | $ (31,249,000) |
Depreciation | 654,000 | 423,000 |
Amortization of debt discount and issuance costs | 2,414,000 | 3,475,000 |
Amortization of right-of-use asset | 18,000 | 15,000 |
Interest expense added to loan principal | 0 | 4,267,000 |
Interest expense added to lease liability | 1,866,000 | 1,647,000 |
Loss on equity method investments | (40,000) | 942,000 |
Loss on debt conversion and extinguishment of debt | 0 | 1,399,000 |
Compensation charge for stock and share option awards | 1,876,000 | 4,747,000 |
Unrealized gain on warrant derivative liabilities | 0 | (573,000) |
Changes in operating assets and liabilities: | ||
Accounts receivable | (184,000) | (215,000) |
Prepaid expenses and other current assets | 75,000 | (420,000) |
Other assets | (684,000) | 234,000 |
Accounts payable | 113,000 | (92,000) |
Accrued and other liabilities | 85,000 | 126,000 |
Net cash used in operating activities | (18,599,000) | (15,274,000) |
Cash flows from investing activities: | ||
Additions to property, plant and equipment and water programs | (3,376,000) | (22,908,000) |
Contributions to equity-method investments | (213,000) | (564,000) |
Distributions from equity-method investments | 217,000 | 0 |
Payments for acquisitions, net of cash acquired | (750,000) | 0 |
Net cash used in investing activities | (4,122,000) | (23,472,000) |
Cash flows from financing activities: | ||
Net proceeds from issuance of common stock | 21,636,000 | 32,459,000 |
Net proceeds from the issuance of 8.875% series A cumulative, perpetual preferred stock | 0 | 54,209,000 |
Dividend payment | (5,106,000) | (1,449,000) |
Proceeds from the issuance of long-term debt | 287,000 | 50,137,000 |
Issuance costs of long-term debt | 0 | (2,878,000) |
Principal payments on long-term debt | (170,000) | (77,595,000) |
Costs for extinguishment of debt | 0 | (2,525,000) |
Taxes paid related to net share settlement of equity awards | 0 | (1,184,000) |
Other | 0 | 4,000 |
Net cash provided by financing activities | 16,647,000 | 51,178,000 |
Net (decrease) increase in cash, cash equivalents and restricted cash | (6,074,000) | 12,432,000 |
Cash, cash equivalents and restricted cash, beginning of period | 19,856,000 | 7,424,000 |
Cash, cash equivalents and restricted cash, end of period | $ 13,782,000 | $ 19,856,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Parentheticals) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Preferred stock, dividend rate | 8.857% | 8.857% |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands | At Market Issuance Sales Agreement [Member] Series A Preferred Stock [Member] Preferred Stock [Member] | At Market Issuance Sales Agreement [Member] Common Stock [Member] | At Market Issuance Sales Agreement [Member] Preferred Stock [Member] | At Market Issuance Sales Agreement [Member] Additional Paid-in Capital [Member] | At Market Issuance Sales Agreement [Member] Retained Earnings [Member] | At Market Issuance Sales Agreement [Member] | Direct Offering [Member] Series A Preferred Stock [Member] Preferred Stock [Member] | Direct Offering [Member] Common Stock [Member] | Direct Offering [Member] Preferred Stock [Member] | Direct Offering [Member] Additional Paid-in Capital [Member] | Direct Offering [Member] Retained Earnings [Member] | Direct Offering [Member] | Conversion of Preferred Shares to Common Shares [Member] Series A Preferred Stock [Member] Preferred Stock [Member] | Conversion of Preferred Shares to Common Shares [Member] Common Stock [Member] | Conversion of Preferred Shares to Common Shares [Member] Preferred Stock [Member] | Conversion of Preferred Shares to Common Shares [Member] Additional Paid-in Capital [Member] | Conversion of Preferred Shares to Common Shares [Member] Retained Earnings [Member] | Conversion of Preferred Shares to Common Shares [Member] | Series A Preferred Stock [Member] Lenders [Member] Preferred Stock [Member] | Series A Preferred Stock [Member] Common Stock [Member] | Series A Preferred Stock [Member] Preferred Stock [Member] | Series A Preferred Stock [Member] Additional Paid-in Capital [Member] | Series A Preferred Stock [Member] Retained Earnings [Member] | Series A Preferred Stock [Member] | Lenders [Member] Common Stock [Member] | Lenders [Member] Preferred Stock [Member] | Lenders [Member] Additional Paid-in Capital [Member] | Lenders [Member] Retained Earnings [Member] | Lenders [Member] | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 0 | 36,902,361 | 7,531 | |||||||||||||||||||||||||||||||
Balance at Dec. 31, 2020 | $ 0 | $ 368 | $ 1 | $ 513,744 | $ (539,414) | $ (25,301) | ||||||||||||||||||||||||||||
Issuance of restricted stock units (in shares) | 0 | 158,673 | 0 | |||||||||||||||||||||||||||||||
Issuance of restricted stock units | $ 0 | $ 1 | $ 0 | 0 | 0 | 1 | ||||||||||||||||||||||||||||
Net settlement for taxes related to equity awards | $ 0 | $ 0 | $ 0 | (1,184) | 0 | (1,184) | ||||||||||||||||||||||||||||
Issuance of shares (in shares) | 0 | 1,649,318 | 0 | 0 | 1,219,512 | 0 | 2,300 | |||||||||||||||||||||||||||
Issuance of shares | $ 0 | $ 16 | $ 0 | $ 18,366 | $ 0 | $ 18,382 | $ 0 | $ 12 | $ 0 | $ 14,062 | $ 0 | $ 14,074 | $ 0 | $ 1 | $ 54,209 | $ 0 | $ 54,210 | |||||||||||||||||
Conversion of securities (in shares) | 0 | 2,917,167 | (7,202) | |||||||||||||||||||||||||||||||
Conversion of securities | $ 0 | $ 29 | $ 0 | $ (29) | $ 0 | $ 0 | ||||||||||||||||||||||||||||
Issuance of shares pursuant to exercise of warrants (in shares) | 0 | 362,500 | 0 | |||||||||||||||||||||||||||||||
Issuance of shares pursuant to exercise of warrants | $ 0 | $ 4 | $ 0 | 0 | 0 | 4 | ||||||||||||||||||||||||||||
Reclassification of warrant liability | 0 | 0 | 0 | 3,179 | 0 | 3,179 | ||||||||||||||||||||||||||||
Issuance of warrants | 0 | 0 | 0 | 1,795 | 0 | 1,795 | ||||||||||||||||||||||||||||
Issuance of shares to lenders (in shares) | 0 | 363,566 | 0 | |||||||||||||||||||||||||||||||
Issuance of shares to lenders | $ 0 | $ 4 | $ 0 | $ 4,613 | $ 0 | $ 4,617 | ||||||||||||||||||||||||||||
Dividends paid and declared | 0 | 0 | 0 | 0 | (2,737) | (2,737) | ||||||||||||||||||||||||||||
Cancellation of stock options to consultants | $ 0 | $ 0 | $ 0 | 71 | 0 | 71 | ||||||||||||||||||||||||||||
Stock-based compensation expense (in shares) | 0 | 83,072 | 0 | |||||||||||||||||||||||||||||||
Stock-based compensation expense | $ 0 | $ 1 | $ 0 | 4,746 | 0 | 4,747 | ||||||||||||||||||||||||||||
Net loss and comprehensive loss | $ 0 | $ 0 | $ 0 | 0 | (31,249) | (31,249) | ||||||||||||||||||||||||||||
Balance (in shares) at Dec. 31, 2021 | 2,300 | 43,656,169 | 329 | |||||||||||||||||||||||||||||||
Balance at Dec. 31, 2021 | $ 1 | $ 435 | $ 1 | 613,572 | (573,400) | 40,609 | ||||||||||||||||||||||||||||
Issuance of shares (in shares) | 0 | 11,857,140 | 0 | |||||||||||||||||||||||||||||||
Issuance of shares | $ 0 | $ 118 | $ 0 | 21,518 | 0 | 21,636 | ||||||||||||||||||||||||||||
Dividends paid and declared | $ 0 | $ 0 | $ 0 | 0 | (5,106) | (5,106) | ||||||||||||||||||||||||||||
Stock-based compensation expense (in shares) | 0 | 310,501 | 0 | |||||||||||||||||||||||||||||||
Stock-based compensation expense | $ 0 | $ 3 | $ 0 | 1,873 | 0 | 1,876 | ||||||||||||||||||||||||||||
Net loss and comprehensive loss | $ 0 | $ 0 | $ 0 | 0 | (24,792) | (24,792) | ||||||||||||||||||||||||||||
Balance (in shares) at Dec. 31, 2022 | 2,300 | 55,823,810 | 329 | |||||||||||||||||||||||||||||||
Balance at Dec. 31, 2022 | $ 1 | $ 556 | $ 1 | $ 636,963 | $ (603,298) | $ 34,223 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Deficit) (Parentheticals) - $ / shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Series A Preferred Stock [Member] | ||
Preferred stock, dividend rate | 8.875% | 8.875% |
Preferred stock, dividend rate | 8.857% | 8.857% |
Dividends declared (in dollars per share) | $ 2,220 | $ 1,190 |
Note 1 - Description of Busines
Note 1 - Description of Business | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 1 – DESCRIPTION OF BUSINESS Cadiz Inc. (“Cadiz or the “Company”) is a water solutions provider dedicated to delivering clean, reliable, and affordable water for people through a variety of innovative water supply, storage, conveyance and treatment projects. The Company is advancing human access to clean water with its unique combination of land, water, infrastructure and technology assets, cutting-edge innovation, and industry-leading standards of environmental stewardship. The Company owns approximately 46,000 acres of land with access to high-quality, naturally-recharging groundwater resources in three 1980s, Since its founding in 1983, The Company’s unique supply, storage and pipeline assets are located in a remote area of eastern San Bernardino County that sits at the crossroads of major highway, rail, energy, and water infrastructure between California’s primary water supply systems, the Colorado River Basin and the State Water Project. As a result, our Cadiz Water Conservation and Storage Project is uniquely positioned to assist public water agencies in storing and managing unpredictable water supplies and provide reliable, affordable water supplies to chronically underserved areas of California. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Consolidated Financial Statements of the Company have been prepared on a going concern basis, which contemplates the continuity of operations, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred losses of $24.8 million and $31.2 million for the years ended December 31, 2022 2021, December 31, 2022 December 31, 2022. 2021 2022 Cash requirements during the year ended December 31, 2022 On June 7, 2021, June 30, 2021 124 On June 29, 2021, may 1/1000 th July 2, 2021 On July 2, 2021, 7 eight December 31, 2022, On March 23, 2022, On November 14, 2022, “November 2022 On January 30, 2023, “January 2023 The remaining proceeds from the January 2023 November 2022 The Company may not 100% not Management assesses whether the Company has sufficient liquidity to fund its costs for the next twelve Limitations on the Company’s liquidity and ability to raise capital may no 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. The Company applies the equity method of accounting for investments in which the Company has significant influence but not 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. Segment Reporting The Company currently operates in two second 2022 not November 2022 2022 not Revenue Recognition The Company recognizes rental income through its agricultural leases with Fenner Valley Farms LLC and SoCal Hemp JV LLC, and crop sale revenue from its alfalfa farming operations upon shipment and transfer of title to customers. Stock-Based Compensation General and administrative expenses include $1.9 million and $4.7 million of stock-based compensation expenses in the years ended December 31, 2022 2021, Stock-based compensation is generally based upon grants of stock awards, performance stock units (“PSU”) and restricted stock units (“RSU”) to its employees and consultants under the 2019 Net Loss Per Common Share Basic net loss per share is computed by dividing the net loss applicable to common stock by the weighted-average common shares outstanding. Options, restricted stock units, convertible debt, convertible preferred shares and warrants were not December 31, 2022 2021, 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 five 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. The Company has not not not Goodwill and Other Intangibles Resulting from Business Acquisitions As a result of a merger in May 1988 two 350, 350” January 1, 2002. 3 November 2022. 350, December 31, 2022 2021. The Company accounts for business combinations using the acquisition method, with the excess of the acquisition cost over the fair value of net tangible assets and identified intangible assets acquired considered goodwill. As a result, the Company discloses goodwill separately from other intangible assets. Other identifiable intangibles related to the ATEC acquisition included non-compete agreements. Contingent consideration arrangements are initially recorded based on management’s best estimate of the amount of contingent consideration that will be realized. Changes in fair value of contingent consideration that are not 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 not may not The Company performs an annual impairment test to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). In performing the impairment test, the Company has the option to first not This impairment assessment is performed at least annually in the fourth not no not In the Company’s annual impairment analysis for the fourth 2022, not no Deferred Financing Costs Deferred loan costs represent costs incurred to obtain debt financing. Such costs are amortized over the life of the related loan using the effective interest method, and are presented as a reduction of long-term debt. The Company had no deferred loan costs as of December 31, 2022, December 31, 2021. Debt Discount Debt discount created upon the issuance of debt is deferred and amortized over the life of the related loan using the effective interest method, and is presented as a reduction of long-term debt. The Company recorded debt discount of $2.4 million for the year ended December 31, 2022, December 31, 2021. 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 not 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 secured debt approximates fair value, based on interest rates available to the Company for debt with similar terms. See Note 7 SoCal Hemp JV In July 2019, two 50% No 2022 December 30, 2022, December 31, 2022. Prior to the dissolution of the JV, the carrying value of the investment was approximately $1 million. Loss from equity-method investments related to the JV immediately prior to the dissolution totaled $171 thousand. At the time of the dissolution, the Company recorded a gain on the dissolution of the JV of approximately $211 thousand. Total gain from equity-method investments for the year ended December 31, 2022, December 31, 2022. not not Supplemental Cash Flow Information During the year ended December 31, 2022, no At December 31, 2022, 9 January 17, 2023. At December 31, 2022, first 2023. The balance of cash, cash equivalents, and restricted cash as shown in the condensed consolidated statements of cash flows is comprised of the following: Cash, Cash Equivalents and Restricted Cash December 31, 2022 December 31, 2021 (in thousands) Cash and Cash Equivalents $ 9,997 $ 10,965 Restricted Cash 1,288 1,288 Long-Term Restricted Cash 2,497 7,603 Cash, Cash Equivalents and Restricted Cash in the Consolidated Statement of Cash Flows $ 13,782 $ 19,856 The restricted cash amounts primarily represent funds deposited into a segregated account, representing an amount sufficient to pre-fund quarterly dividend payments on Series A Preferred Stock underlying the Depositary Shares issued in the Depositary Share Offering through approximately July 2023. Cash payments for income taxes were $7 thousand and $10 thousand for the years ended December 31, 2022 2021, Recent Accounting Pronouncements Accounting Guidance Adopted In June 2016, December 15, 2022, January 1, 2023 no Reclassifications Certain reclassifications have been made to the prior year's financial statement notes to conform to classifications used in the current year. |
Note 3 - Acquisitions
Note 3 - Acquisitions | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 3 – ACQUISITIONS On November 9, 2022, The table below summarizes the preliminary fair value of assets acquired and liabilities assumed in the ATEC Acquisition: Cadiz Inc. Notes To The Consolidated Financial Statements ($ in thousands) ASSETS Inventory 80 Property, plant and equipment 169 Identifiable intangibles 50 Goodwill 1,901 Total estimated purchase price $ 2,200 The final allocation of purchase consideration to assets and liabilities is ongoing as the Company continues to evaluate certain balances, estimates and assumptions during the measurement period. Consistent with the allowable time to complete the Company’s assessment, the valuation of certain acquired assets and liabilities, including environmental liabilities and income taxes, is currently pending finalization. The impact of the ATEC Acquisition, which is a new water treatment segment for the Company, was not not The Company recorded a contingent consideration liability in the amount of $1.45 million related to the purchase price of the ATEC Acquisition for amounts payable upon the sale of a requisite number of water filtration units under an asset purchase agreement. Following the acquisition, we entered into an agreement to grant 200,000 Class P Units of ATEC to the new Chief Operating Officer of ATEC which vest ratably an annual basis over three |
Note 4 - Property, Plant, Equip
Note 4 - Property, Plant, Equipment and Water Programs | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4 – PROPERTY, PLANT, EQUIPMENT AND WATER PROGRAMS Property, plant, equipment and water programs consist of the following (dollars in thousands): December 31, 2022 2021 Land and land improvements $ 30,579 $ 27,548 Water programs 29,210 28,784 Pipeline 22,091 22,087 Buildings 1,715 1,599 Leasehold improvements, furniture and fixtures 1,609 1,031 Machinery and equipment 3,395 2,200 Construction in progress 3,680 3,128 92,279 86,377 Less accumulated depreciation (8,141 ) (7,487 ) $ 84,138 $ 78,890 Cadiz Inc. Notes To The Consolidated Financial Statements On June 30, 2021, 124 Land and land improvements primarily include land acquisitions, well development, irrigation systems and other related land infrastructure. Water programs primarily include costs directly attributable to the Company’s water project development efforts, including consulting fees for various engineering, hydrological, environmental and additional feasibility studies, and other professional and legal fees. Depreciation expense on land improvements, buildings, leasehold improvements, machinery and equipment and furniture and fixtures was $654 thousand and $423 thousand for the twelve December 31, 2022 2021, |
Note 5 - Other Assets
Note 5 - Other Assets | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 5 – OTHER ASSETS Other assets include the following (dollars in thousands): December 31, 2022 2021 Prepaid rent $ 4,481 $ 4,296 Deposits and other 549 - $ 5,030 $ 4,296 Prepaid rent primarily consists of fees incurred to obtain the rights-of-way for the Water Project. Amortization of prepaid rent was approximately $115,000 for each of the years ended December 31, 2022 2021. |
Note 6 - Accrued Liabilities
Note 6 - Accrued Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 6 – ACCRUED LIABILITIES At December 31, 2022 2021, December 31, 2022 2021 Payroll, bonus, and benefits $ 88 $ 41 Legal and consulting 403 371 Well development 709 113 Water project 85 - Other accrued expenses 260 283 $ 1,545 $ 808 Cadiz Inc. Notes To The Consolidated Financial Statements |
Note 7 - Long-term Debt
Note 7 - Long-term Debt | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 7 – LONG-TERM DEBT At December 31, 2022 2021, December 31, 2022 2021 Senior secured debt due July 2, 2024 Interest rate of 7 $ 50,000 $ 50,000 Other loans 287 171 Debt discount and debt issuance costs, net of accumulated accretion (1,198 ) (3,587 ) Total outstanding long-term debt 49,089 46,584 Less current portion 139 107 Total outstanding debt $ 48,950 $ 46,477 The carrying value of the Company’s Senior Secured Debt approximates fair value. The fair value of the Company’s Senior Secured Debt (Level 2 Pursuant to the Company’s loan agreements, annual maturities of long-term debt outstanding on December 31, 2022, Year Ending December 31 ($ in thousands) 2023 $ 139 2024 50,109 2025 39 2026 - 2027+ - Total $ 50,287 On June 28, 2021, July 2, 2021. Cadiz Inc. Notes To The Consolidated Financial Statements On July 2, 2021, July 2, 2024, September 30, 2021 first eighteen thirty thirty In the event of certain asset sales, the incurrence of indebtedness or a casualty or condemnation event, in each case, under certain circumstances as described in the Credit Agreement, the Company will be required to use a portion of the proceeds to prepay amounts under the debt. In the event of any additional issuance of depositary receipts (“Depositary Receipts”) representing interests in shares of 8.875% Series A Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) by the Company, the Company will be required to, within five The Credit Agreement includes customary affirmative and negative covenants, including delivery of financial statements and other reports. The negative covenants limit the ability of the Company to, among other things, incur debt, incur liens, make investments, sell assets, pay dividends and enter into transactions with affiliates. In addition, the Credit Agreement includes customary events of default and remedies. While any amount remains outstanding under the debt, the Lenders will have the right to convert the outstanding principal, plus unpaid interest, on the debt into Depositary Receipts at the per share exchange price of $25.00, as follows: ● at any time after the 18 24 may ● at any time after the 24 may The proceeds of the Current Senior Secured Debt were used, together with the proceeds received from the Depositary Share Offering, (a) to repay all of the Company’s outstanding obligations under the Prior Senior Secured Debt, (b) to deposit approximately $10.2 million into a segregated account, representing an amount sufficient to pre-fund eight Cadiz Inc. Notes To The Consolidated Financial Statements In connection with the issuance of the Current Senior Secured Debt, on July 2, 2021 ( may July 2, 2024 ( may As a result of the issuance of the Warrants, which met the criteria for equity classification under applicable GAAP, the Company recorded additional paid-in capital in the amount of $1.9 million which was the fair value of the Warrants on the issuance date. In addition, the fair value of the Warrants was recorded as debt discount and is being amortized over the term of the Current Senior Secured Debt. On February 2, 2023, January 2023 15 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 8 – INCOME TAXES Deferred taxes are recorded based upon differences between the financial statement and tax basis 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, 2022 2021 December 31, 2022 2021 Deferred tax assets: Net operating losses $ 69,537 $ 64,418 Fixed asset basis difference 4,599 4,566 Contributions carryover 48 38 Deferred compensation 695 497 Accrued liabilities and other 358 333 Total deferred tax assets 75,237 69,852 Valuation allowance for deferred tax assets (75,237 ) (69,852 ) Net deferred tax asset $ - $ - The change in deferred tax assets resulted from current year net operating losses and changes to future tax deductions resulting from expiring net operating losses, terms of stock compensation plans, fixed assets, and accrued liabilities. A full valuation allowance continues to be recorded given the Company continues to be incurring losses. Cadiz Inc. Notes To The Consolidated Financial Statements As of December 31, 2022, 2037 2042 December 31, 2017, June 2021. As of December 31, 2022 2021, The Company's tax years 2019 2022 2018 2022 three four A reconciliation of the income tax benefit to the statutory federal income tax rate is as follows (dollars in thousands): 2022 2021 Expected federal income tax benefit at 21% $ (5,205 ) $ (6,560 ) Increase (decrease) in valuation allowance 3,906 (8,530 ) State income tax 7 10 Expiring carryforwards 577 14,260 Non-deductible expenses and other 722 830 Income tax expense $ 7 $ 10 Because it is more likely than not not no |
Note 9 - Common and Preferred S
Note 9 - Common and Preferred Stock | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 9 – COMMON AND PREFERRED STOCK Common Stock The Company is authorized to issue 70 million shares of Common Stock at a $0.01 par value. As of December 31, 2022, December 31, 2021, Cadiz Inc. Notes To The Consolidated Financial Statements In January 2013, 200,000 100,000 two ■ 100,000 shares earned upon the signing of binding agreements for more than 51% of the Water Project’s annual capacity, which is not ■ 100,000 shares earned upon the commencement of construction of all of the major facilities contemplated in the Final Environmental Impact Report necessary for the completion and delivery of the Water Project, which is not All shares earned upon achievement of any of the remaining two three Additionally, the Company incurred direct expenses to Brownstein of approximately $1.5 million and $2.2 million in 2022 2021, Series 1 The Company has issued a total of 10,000 shares of Series 1 1 March 2020. 1 December 31, 2022, 1 1 1 December 31, 2022. Series A Preferred Stock On June 29, 2021, may 1/1000 th July 2, 2021 On July 1, 2021, Cadiz Inc. Notes To The Consolidated Financial Statements As set forth in the Certificate of Designation, the Series A Preferred Stock will rank, as to dividend rights and rights upon the Company’s liquidation, dissolution or winding up: (i) senior to Common Stock of the Company; (ii) junior to the Series 1 1 Holders of Series A Preferred Stock, when and as authorized by the Company’s Board of Directors, are entitled to cumulative cash dividends at the rate of 8.875% of the $25,000.00 ($25.00 per Depositary Share) liquidation preference per year (equivalent to $2,218.75 per share per year or $2.21875 per Depositary Share per year). Dividends will be payable quarterly in arrears, on or about the 15th January, April, July October, October 15, 2021. December 31, 2022, December 21, 2022, January 17, 2023 January 4, 2023. At the issuance of the Series A Preferred Stock, the Company pre-funded eight July 2023 not not Holders of depositary shares representing interests in the Series A Preferred Stock generally will have no not six not two On and after July 2, 2026, Cadiz Inc. Notes To The Consolidated Financial Statements Shares of Series A Preferred Stock are convertible into shares of Common Stock if, and only if, a change of control or delisting event (each as defined in the Certificate of Designation) has occurred, and the Company has not x not The Company has 2,300 shares of Series A Preferred Stock issued and outstanding as of December 31, 2022. |
Note 10 - Stock-based Compensat
Note 10 - Stock-based Compensation Plans | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 10 – STOCK-BASED COMPENSATION PLANS The Company has issued options and has granted stock awards pursuant to its 2019 2019 The 2019 “2019 July 10, 2019 July 12, 2022 Effective July 1, 2021, 2019 June 30 January 31 first Stock Awards to Directors, Officers, Consultants and Employees The Company has granted stock awards pursuant to its 2019 Of the total 2,700,000 shares reserved under the 2019 December 31, 2022. Cadiz Inc. Notes To The Consolidated Financial Statements 825,000 RSUs were granted to employees in April 2021 “April 2021 April 2021 July 2021 April 2021 January 3, 2023, March 1, 2023. July 2022, “July 2022 July 2022 January 2, 2024. Of the 255,000 RSUs earned upon the Northern Pipeline Vesting Event, the Company issued 158,673 shares net of taxes withheld and paid in cash by the Company. Of the 255,000 RSUs issued on March 1, 2023, Upon the change of the Executive Chair on February 4, 2022, March 1, 2023. Additionally, the Company issued 450,000 performance stock units (“PSUs”) upon achievement of certain performance events. The PSUs vest upon the Company’s common stock achieving price hurdles (“Price Hurdles”) but not three A summary of RSU activity under the plans during the years ended December 31, 2022 2021 Weighted- Average Grant-date Shares Fair Value Nonvested at December 31, 2020 119,281 $ 9.10 Granted 850,729 $ 11.31 Forfeited or canceled - $ - Vested (335,763 ) $ 10.84 Nonvested at December 31, 2021 634,247 $ 11.14 Granted 219,878 $ 2.22 Forfeited or canceled - $ - Vested (310,501 ) $ 8.75 Nonvested at December 31, 2022 543,624 $ 8.90 Cadiz Inc. Notes To The Consolidated Financial Statements As of December 31, 2022, |
Note 11 - Segment Information
Note 11 - Segment Information | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 11 – 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 single segment for the year ended December 31, 2022. November 2022, 3 No not |
Note 12 - Commitments and Conti
Note 12 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 12 – COMMITMENTS AND CONTINGENCIES 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 Pursuant to cost-sharing agreements that have been entered into by participants in the Company’s Water Project, $750,000 in funds have been received in order to offset costs incurred in the environmental analysis of the Water Project. These funds may December 31, 2022 December 31, 2021. The Company recorded a contingent consideration liability in the amount of $1.45 million related to the purchase price of the ATEC Acquisition for amounts payable upon the sale of a requisite number of water filtration units under an asset purchase agreement. The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not |
Note 13 - Leases
Note 13 - Leases | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 13 – LEASES The Company has operating leases for its corporate offices and office equipment. The Company’s leases have remaining lease terms of 1 month to 46 months as of December 31, 2022, not not fourth 2024. $3.3 September 2022 not Cadiz Inc. Notes To The Consolidated Financial Statements The Company’s lease population does not none not The Company elected to utilize the practical expedients permitted within the leasing standard, including the practical expedient not 12 12 not not Lease balances December 31, 2022 2021 As of December 31, 2022 Activity Balance Sheet Location Balance ROU assets Other assets $ 553 Short-term lease liability Other liabilities $ 109 Long-term lease liability Other long-term liabilities $ 444 As of December 31, 2021 Activity Balance Sheet Location Balance ROU assets Other assets $ 3,281 Short-term lease liability Other liabilities $ 24 Long-term lease liability Other long-term liabilities $ 3,257 Lease cost. December 31, 2022 Lease commitments. December 31, 2022 ( Cadiz Inc. Notes To The Consolidated Financial Statements 2023 $ 168 2024 172 2025 192 2026 160 2027+ - Total lease payments 692 Less: Imputed interest (139 ) Present value of lease payments 553 Less: current maturities of lease obligations (109 ) Long-term lease obligations $ 444 Most of the Company’s lease agreements do not 842 December 31, 2022: Weighted Average Remaining Lease Term Operating leases (years) 4 Weighted Average Discount Rate Operating leases 10 % As a lessor, in February 2016, one five |
Note 14 - Fair Value Measuremen
Note 14 - Fair Value Measurements | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 14 – FAIR VALUE MEASUREMENTS Fair values determined by Level 1 2 3 On March 24, 2021, November 2022. second Cadiz Inc. Notes To The Consolidated Financial Statements As a result of the Warrant Modification, the Company reclassified the carrying value of the warrant prior to the modification from a warrant liability in the amount of $1.3 million to additional paid-in capital. In addition, the Company recorded debt issuance costs in the amount of $1.9 million, which was the increase in fair value of the warrant at the time of the modification, with a corresponding adjustment to additional paid-in capital. Prior to the Warrant Modification, the fair value of the warrant was remeasured each reporting period using an option pricing model, and the change in fair value was recorded as an adjustment to the recorded warrant liability with the unrealized gains or losses reflected in interest expense. During the year ended December 31, 2021, The Company recorded a contingent consideration liability in the amount of $1.45 million related to the purchase price of the ATEC Acquisition for amounts payable upon the sale of a requisite number of water filtration units under an asset purchase agreement. The following table presents a reconciliation of Level 3 December 31, 2021 2022: (in thousands) Level 3 Liabilities Balance at January 1, 2021 $ 1,847 Unrealized gains on warrants, net (573 ) Reclassification of warrant liability to additional paid in capital upon Warrant Modification (1,274 Balance at December 31, 2021 - Contingent consideration liabilities 1,450 Balance at December 31, 2022 $ 1,450 |
Note 15 - Subsequent Events
Note 15 - Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 15 – SUBSEQUENT EVENTS On January 30, 2023, “January 2023 Cadiz Inc. Notes To The Consolidated Financial Statements On February 2, 2023, July 2, 2021 ( June 2023 ( 30 no Under the First Amended Credit Agreement, the maturity date of the Credit Agreement has been extended from July 2, 2024 June 30, 2025. no June 30, 2026. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The Consolidated Financial Statements of the Company have been prepared on a going concern basis, which contemplates the continuity of operations, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred losses of $24.8 million and $31.2 million for the years ended December 31, 2022 2021, December 31, 2022 December 31, 2022. 2021 2022 Cash requirements during the year ended December 31, 2022 On June 7, 2021, June 30, 2021 124 On June 29, 2021, may 1/1000 th July 2, 2021 On July 2, 2021, 7 eight December 31, 2022, On March 23, 2022, On November 14, 2022, “November 2022 On January 30, 2023, “January 2023 The remaining proceeds from the January 2023 November 2022 The Company may not 100% not Management assesses whether the Company has sufficient liquidity to fund its costs for the next twelve Limitations on the Company’s liquidity and ability to raise capital may no |
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. The Company applies the equity method of accounting for investments in which the Company has significant influence but not |
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. |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company currently operates in two second 2022 not November 2022 2022 not |
Revenue [Policy Text Block] | Revenue Recognition The Company recognizes rental income through its agricultural leases with Fenner Valley Farms LLC and SoCal Hemp JV LLC, and crop sale revenue from its alfalfa farming operations upon shipment and transfer of title to customers. |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation General and administrative expenses include $1.9 million and $4.7 million of stock-based compensation expenses in the years ended December 31, 2022 2021, Stock-based compensation is generally based upon grants of stock awards, performance stock units (“PSU”) and restricted stock units (“RSU”) to its employees and consultants under the 2019 |
Earnings Per Share, Policy [Policy Text Block] | Net Loss Per Common Share Basic net loss per share is computed by dividing the net loss applicable to common stock by the weighted-average common shares outstanding. Options, restricted stock units, convertible debt, convertible preferred shares and warrants were not December 31, 2022 2021, |
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 five 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. The Company has not not not |
Business Combinations Policy [Policy Text Block] | Goodwill and Other Intangibles Resulting from Business Acquisitions As a result of a merger in May 1988 two 350, 350” January 1, 2002. 3 November 2022. 350, December 31, 2022 2021. The Company accounts for business combinations using the acquisition method, with the excess of the acquisition cost over the fair value of net tangible assets and identified intangible assets acquired considered goodwill. As a result, the Company discloses goodwill separately from other intangible assets. Other identifiable intangibles related to the ATEC acquisition included non-compete agreements. Contingent consideration arrangements are initially recorded based on management’s best estimate of the amount of contingent consideration that will be realized. Changes in fair value of contingent consideration that are not |
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 not may not The Company performs an annual impairment test to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). In performing the impairment test, the Company has the option to first not This impairment assessment is performed at least annually in the fourth not no not In the Company’s annual impairment analysis for the fourth 2022, not no |
Deferred Charges, Policy [Policy Text Block] | Deferred Financing Costs Deferred loan costs represent costs incurred to obtain debt financing. Such costs are amortized over the life of the related loan using the effective interest method, and are presented as a reduction of long-term debt. The Company had no deferred loan costs as of December 31, 2022, December 31, 2021. |
Debt, Policy [Policy Text Block] | Debt Discount Debt discount created upon the issuance of debt is deferred and amortized over the life of the related loan using the effective interest method, and is presented as a reduction of long-term debt. The Company recorded debt discount of $2.4 million for the year ended December 31, 2022, December 31, 2021. |
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 not |
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 secured debt approximates fair value, based on interest rates available to the Company for debt with similar terms. See Note 7 |
Equity Method Investments [Policy Text Block] | SoCal Hemp JV In July 2019, two 50% No 2022 December 30, 2022, December 31, 2022. Prior to the dissolution of the JV, the carrying value of the investment was approximately $1 million. Loss from equity-method investments related to the JV immediately prior to the dissolution totaled $171 thousand. At the time of the dissolution, the Company recorded a gain on the dissolution of the JV of approximately $211 thousand. Total gain from equity-method investments for the year ended December 31, 2022, December 31, 2022. not not |
Cash Flow Supplemental [Policy Text Block] | Supplemental Cash Flow Information During the year ended December 31, 2022, no At December 31, 2022, 9 January 17, 2023. At December 31, 2022, first 2023. The balance of cash, cash equivalents, and restricted cash as shown in the condensed consolidated statements of cash flows is comprised of the following: Cash, Cash Equivalents and Restricted Cash December 31, 2022 December 31, 2021 (in thousands) Cash and Cash Equivalents $ 9,997 $ 10,965 Restricted Cash 1,288 1,288 Long-Term Restricted Cash 2,497 7,603 Cash, Cash Equivalents and Restricted Cash in the Consolidated Statement of Cash Flows $ 13,782 $ 19,856 The restricted cash amounts primarily represent funds deposited into a segregated account, representing an amount sufficient to pre-fund quarterly dividend payments on Series A Preferred Stock underlying the Depositary Shares issued in the Depositary Share Offering through approximately July 2023. Cash payments for income taxes were $7 thousand and $10 thousand for the years ended December 31, 2022 2021, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements Accounting Guidance Adopted In June 2016, December 15, 2022, January 1, 2023 no |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain reclassifications have been made to the prior year's financial statement notes to conform to classifications used in the current year. |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Cash and Cash Equivalents [Table Text Block] | Cash, Cash Equivalents and Restricted Cash December 31, 2022 December 31, 2021 (in thousands) Cash and Cash Equivalents $ 9,997 $ 10,965 Restricted Cash 1,288 1,288 Long-Term Restricted Cash 2,497 7,603 Cash, Cash Equivalents and Restricted Cash in the Consolidated Statement of Cash Flows $ 13,782 $ 19,856 |
Note 3 - Acquisitions (Tables)
Note 3 - Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ($ in thousands) ASSETS Inventory 80 Property, plant and equipment 169 Identifiable intangibles 50 Goodwill 1,901 Total estimated purchase price $ 2,200 |
Note 4 - Property, Plant, Equ_2
Note 4 - Property, Plant, Equipment and Water Programs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, 2022 2021 Land and land improvements $ 30,579 $ 27,548 Water programs 29,210 28,784 Pipeline 22,091 22,087 Buildings 1,715 1,599 Leasehold improvements, furniture and fixtures 1,609 1,031 Machinery and equipment 3,395 2,200 Construction in progress 3,680 3,128 92,279 86,377 Less accumulated depreciation (8,141 ) (7,487 ) $ 84,138 $ 78,890 |
Note 5 - Other Assets (Tables)
Note 5 - Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | December 31, 2022 2021 Prepaid rent $ 4,481 $ 4,296 Deposits and other 549 - $ 5,030 $ 4,296 |
Note 6 - Accrued Liabilities (T
Note 6 - Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31, 2022 2021 Payroll, bonus, and benefits $ 88 $ 41 Legal and consulting 403 371 Well development 709 113 Water project 85 - Other accrued expenses 260 283 $ 1,545 $ 808 |
Note 7 - Long-term Debt (Tables
Note 7 - Long-term Debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | December 31, 2022 2021 Senior secured debt due July 2, 2024 Interest rate of 7 $ 50,000 $ 50,000 Other loans 287 171 Debt discount and debt issuance costs, net of accumulated accretion (1,198 ) (3,587 ) Total outstanding long-term debt 49,089 46,584 Less current portion 139 107 Total outstanding debt $ 48,950 $ 46,477 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Year Ending December 31 ($ in thousands) 2023 $ 139 2024 50,109 2025 39 2026 - 2027+ - Total $ 50,287 |
Note 8 - Income Taxes (Tables)
Note 8 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2022 2021 Deferred tax assets: Net operating losses $ 69,537 $ 64,418 Fixed asset basis difference 4,599 4,566 Contributions carryover 48 38 Deferred compensation 695 497 Accrued liabilities and other 358 333 Total deferred tax assets 75,237 69,852 Valuation allowance for deferred tax assets (75,237 ) (69,852 ) Net deferred tax asset $ - $ - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2022 2021 Expected federal income tax benefit at 21% $ (5,205 ) $ (6,560 ) Increase (decrease) in valuation allowance 3,906 (8,530 ) State income tax 7 10 Expiring carryforwards 577 14,260 Non-deductible expenses and other 722 830 Income tax expense $ 7 $ 10 |
Note 10 - Stock-based Compens_2
Note 10 - Stock-based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Nonvested Share Activity [Table Text Block] | Weighted- Average Grant-date Shares Fair Value Nonvested at December 31, 2020 119,281 $ 9.10 Granted 850,729 $ 11.31 Forfeited or canceled - $ - Vested (335,763 ) $ 10.84 Nonvested at December 31, 2021 634,247 $ 11.14 Granted 219,878 $ 2.22 Forfeited or canceled - $ - Vested (310,501 ) $ 8.75 Nonvested at December 31, 2022 543,624 $ 8.90 |
Note 13 - Leases (Tables)
Note 13 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Lease, Balance Sheet Information [Table Text Block] | As of December 31, 2022 Activity Balance Sheet Location Balance ROU assets Other assets $ 553 Short-term lease liability Other liabilities $ 109 Long-term lease liability Other long-term liabilities $ 444 As of December 31, 2021 Activity Balance Sheet Location Balance ROU assets Other assets $ 3,281 Short-term lease liability Other liabilities $ 24 Long-term lease liability Other long-term liabilities $ 3,257 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 2023 $ 168 2024 172 2025 192 2026 160 2027+ - Total lease payments 692 Less: Imputed interest (139 ) Present value of lease payments 553 Less: current maturities of lease obligations (109 ) Long-term lease obligations $ 444 |
Lease, Cost [Table Text Block] | Weighted Average Remaining Lease Term Operating leases (years) 4 Weighted Average Discount Rate Operating leases 10 % |
Note 14 - Fair Value Measurem_2
Note 14 - Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (in thousands) Level 3 Liabilities Balance at January 1, 2021 $ 1,847 Unrealized gains on warrants, net (573 ) Reclassification of warrant liability to additional paid in capital upon Warrant Modification (1,274 Balance at December 31, 2021 - Contingent consideration liabilities 1,450 Balance at December 31, 2022 $ 1,450 |
Note 1 - Description of Busin_2
Note 1 - Description of Business (Details Textual) | Dec. 31, 2022 a |
Area of Land (Acre) | 46,000 |
California, Cadiz Valley [Member] | |
Area of Land (Acre) | 35,000 |
California, Danby Dry Lake [Member] | |
Area of Land (Acre) | 2,000 |
California, Piute Valley [Member] | |
Area of Land (Acre) | 9,000 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 1 Months Ended | 12 Months Ended | |||||||||||||||||
Feb. 02, 2023 USD ($) | Jan. 30, 2023 USD ($) $ / shares shares | Dec. 30, 2022 USD ($) | Dec. 29, 2022 USD ($) | Nov. 14, 2022 USD ($) $ / shares shares | Mar. 23, 2022 USD ($) $ / shares shares | Jul. 02, 2021 USD ($) $ / shares | Jun. 30, 2021 USD ($) | Jun. 29, 2021 $ / shares shares | Jun. 07, 2021 USD ($) $ / shares shares | Nov. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) shares | Dec. 28, 2022 USD ($) | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) shares | Nov. 09, 2022 USD ($) | Jul. 01, 2021 $ / shares | Jul. 31, 2019 | May 31, 1988 USD ($) | |
Net Income (Loss) Attributable to Parent, Total | $ (24,792,000) | $ (31,249,000) | |||||||||||||||||
Working Capital | (6,800,000) | ||||||||||||||||||
Net Cash Provided by (Used in) Operating Activities, Total | (18,599,000) | (15,274,000) | |||||||||||||||||
Proceeds from Issuance of Common Stock | 21,636,000 | 32,459,000 | |||||||||||||||||
Payments to Acquire Property, Plant, and Equipment, Total | 3,376,000 | 22,908,000 | |||||||||||||||||
Repayments of Long-term Debt, Total | $ 170,000 | $ 77,595,000 | |||||||||||||||||
Deposits, Segregated Account, Pre-fund Eight Quarterly Dividend Payments | $ 10,200,000 | ||||||||||||||||||
Number of Operating Segments | 2 | ||||||||||||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares | 0 | ||||||||||||||||||
Weighted Average Number of Shares Outstanding, Diluted, Adjustment, Total (in shares) | shares | 1,814,000 | 3,000,000 | |||||||||||||||||
Goodwill, Ending Balance | $ 5,714,000 | $ 3,813,000 | $ 7,006,000 | ||||||||||||||||
Goodwill Amortized Portion | $ 3,193,000 | ||||||||||||||||||
Goodwill, Impairment Loss | 0 | ||||||||||||||||||
Impairment of Intangible Assets, Finite-Lived | 0 | ||||||||||||||||||
Debt Issuance Costs, Net, Total | 0 | 2,300,000 | |||||||||||||||||
Debt Discount, Addition | 2,400,000 | 1,100,000 | |||||||||||||||||
Equity Method Investments | 0 | 976,000 | |||||||||||||||||
Income (Loss) from Equity Method Investments | 40,000 | (942,000) | |||||||||||||||||
Interest Payments in Stock | 3,500,000 | ||||||||||||||||||
Dividends Payable, Current | 1,288,000 | 1,288,000 | |||||||||||||||||
Accrual for Property and Equipment Received, Current | 1,500,000 | ||||||||||||||||||
Income Taxes Paid | 7,000 | 10,000 | |||||||||||||||||
SoCal Hemp JV LLC [Member] | |||||||||||||||||||
Property, Plant and Equipment, Disposals | $ 343,000 | ||||||||||||||||||
SoCal Hemp JV LLC Lease Agreement [Member] | |||||||||||||||||||
Equity Method Investment, Ownership Percentage | 50% | ||||||||||||||||||
Property, Plant, and Equipment, Fair Value Disclosure | 1,000,000 | ||||||||||||||||||
Equity Method Investments | $ 1,000,000 | ||||||||||||||||||
Income (Loss) from Equity Method Investments | 40,000 | $ (171,000) | |||||||||||||||||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 211,000 | ||||||||||||||||||
ATEC Acquisition [Member] | |||||||||||||||||||
Goodwill, Ending Balance | $ 1,901,000 | ||||||||||||||||||
Goodwill, Acquired During Period | $ 1,900,000 | ||||||||||||||||||
General and Administrative Expense [Member] | |||||||||||||||||||
Share-Based Payment Arrangement, Expense | $ 1,900,000 | $ 4,700,000 | |||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 10,500,000 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 3.84 | ||||||||||||||||||
Proceeds from Issuance of Common Stock | $ 38,500,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock, Gross | 40,320,000 | ||||||||||||||||||
New Loan [Member] | |||||||||||||||||||
Debt Instrument, Face Amount | 50,000,000 | ||||||||||||||||||
New Loan [Member] | Subsequent Event [Member] | |||||||||||||||||||
Repayments of Debt | $ 15,000,000 | $ 15,000,000 | |||||||||||||||||
Senior Secured Debt [Member] | |||||||||||||||||||
Repayments of Long-term Debt, Total | $ 77,500,000 | ||||||||||||||||||
Depository Shares [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 2,000,000 | ||||||||||||||||||
Preferred Stock, Shares Per Depository Share (in dollars per share) | $ / shares | $ 0.001 | ||||||||||||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25 | 25 | $ 25 | ||||||||||||||||
Series A Preferred Stock [Member] | |||||||||||||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25,000 | ||||||||||||||||||
Proceeds From Issuance of Preferred Stock, Net of Issuance Costs | $ 54,000,000 | ||||||||||||||||||
Pipelines [Member] | |||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment, Total | $ 19,000,000 | ||||||||||||||||||
Land, Buildings and Improvements [Member] | Maximum [Member] | |||||||||||||||||||
Property, Plant and Equipment, Useful Life (Year) | 45 years | ||||||||||||||||||
Land, Buildings and Improvements [Member] | Minimum [Member] | |||||||||||||||||||
Property, Plant and Equipment, Useful Life (Year) | 5 years | ||||||||||||||||||
Machinery and Equipment [Member] | Maximum [Member] | |||||||||||||||||||
Property, Plant and Equipment, Useful Life (Year) | 15 years | ||||||||||||||||||
Machinery and Equipment [Member] | Minimum [Member] | |||||||||||||||||||
Property, Plant and Equipment, Useful Life (Year) | 5 years | ||||||||||||||||||
SoCal Hemp JV LLC [Member] | |||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment, Total | $ 171,000 | ||||||||||||||||||
Rental Income, Nonoperating | $ 129,000 | ||||||||||||||||||
Private Placement [Member] | Direct Offering [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 1,219,512 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 12.30 | ||||||||||||||||||
Proceeds from Issuance of Common Stock | $ 15,000,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock, Net | $ 14,100,000 | ||||||||||||||||||
Over-Allotment Option [Member] | Depository Shares [Member] | Maximum [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 300,000 | ||||||||||||||||||
Direct Offering [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 5,000,000 | 6,857,140 | |||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 2 | $ 1.75 | |||||||||||||||||
Proceeds from Issuance of Common Stock, Net | $ 9,900,000 | $ 11,700,000 | |||||||||||||||||
Deposits, Segregated Account, Pre-fund Eight Quarterly Dividend Payments | $ 10,200,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock, Gross | $ 10,000,000 | $ 12,000,000 | |||||||||||||||||
Direct Offering [Member] | Subsequent Event [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 10,500,000 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 3.84 | ||||||||||||||||||
Proceeds from Issuance of Common Stock, Net | $ 38,500,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock, Gross | $ 40,320,000 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Components of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and Cash Equivalents | $ 9,997 | $ 10,965 | |
Restricted Cash | 1,288 | 1,288 | |
Long-Term Restricted Cash | 2,497 | 7,603 | |
Cash, Cash Equivalents and Restricted Cash in the Consolidated Statement of Cash Flows | $ 13,782 | $ 19,856 | $ 7,424 |
Note 3 - Acquisitions (Details
Note 3 - Acquisitions (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Nov. 09, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Business Combination, Contingent Consideration, Liability, Current | $ 1,450 | $ 0 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 219,878 | 850,729 | |
ATEC Acquisition [Member] | |||
Business Combination, Consideration Transferred, Total | $ 2,200 | ||
Business Combination, Contingent Consideration, Liability, Current | $ 1,450 | ||
ATEC Acquisition [Member] | Class P Units [Member] | Chief Operating Officer [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 200,000 | ||
ATEC Acquisition [Member] | Class P Units [Member] | Chief Operating Officer [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 20% |
Note 3 - Acquisitions - Fair Va
Note 3 - Acquisitions - Fair Value of Assets Acquired (Details) - USD ($) | Dec. 31, 2022 | Nov. 09, 2022 | Dec. 31, 2021 | May 31, 1988 |
Goodwill | $ 5,714,000 | $ 3,813,000 | $ 7,006,000 | |
ATEC Acquisition [Member] | ||||
Inventory | $ 80,000 | |||
Property, plant and equipment | 169,000 | |||
Identifiable intangibles | 50,000 | |||
Goodwill | 1,901,000 | |||
Total estimated purchase price | $ 2,200,000 |
Note 4 - Property, Plant, Equ_3
Note 4 - Property, Plant, Equipment and Water Programs (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Depreciation, Total | $ 654 | $ 423 |
Note 4 - Property, Plant, Equ_4
Note 4 - Property, Plant, Equipment and Water Programs - Property, Plant, Equipment and Water Programs (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Property, plant, and equipment | $ 92,279 | $ 86,377 |
Less accumulated depreciation | (8,141) | (7,487) |
Property, plant, and equipment, net | 84,138 | 78,890 |
Land and Land Improvements [Member] | ||
Property, plant, and equipment | 30,579 | 27,548 |
Water Programs [Member] | ||
Property, plant, and equipment | 29,210 | 28,784 |
Pipelines [Member] | ||
Property, plant, and equipment | 22,091 | 22,087 |
Building [Member] | ||
Property, plant, and equipment | 1,715 | 1,599 |
Leasehold Improvements, Furniture, Fixtures [Member] | ||
Property, plant, and equipment | 1,609 | 1,031 |
Machinery and Equipment [Member] | ||
Property, plant, and equipment | 3,395 | 2,200 |
Construction in Progress [Member] | ||
Property, plant, and equipment | $ 3,680 | $ 3,128 |
Note 5 - Other Assets (Details
Note 5 - Other Assets (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Prepaid Rent [Member] | ||
Amortization of Deferred Charges, Total | $ 115,000 | $ 115,000 |
Note 5 - Other Assets - Other A
Note 5 - Other Assets - Other Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Prepaid rent | $ 4,481 | $ 4,296 |
Deposits and other | 549 | 0 |
Other Assets, Noncurrent | $ 5,030 | $ 4,296 |
Note 6 - Accrued Liabilities -
Note 6 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Payroll, bonus, and benefits | $ 88 | $ 41 |
Legal and consulting | 403 | 371 |
Well development | 709 | 113 |
Water project | 85 | 0 |
Other accrued expenses | 260 | 283 |
Total accrued liabilities | $ 1,545 | $ 808 |
Note 7 - Long-term Debt (Detail
Note 7 - Long-term Debt (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||||
Feb. 02, 2023 | Jan. 30, 2023 | Jul. 02, 2021 | Jul. 01, 2021 | Jun. 29, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Preferred Stock, Dividend Rate, Percentage | 8.857% | 8.857% | |||||
Deposits, Segregated Account, Pre-fund Eight Quarterly Dividend Payments | $ 10,200 | ||||||
Debt Instrument, Unamortized Discount, Total | $ 1,198 | $ 3,587 | |||||
Warrants Issued to Lenders [Member] | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 2 | ||||||
Warrants and Rights Outstanding | $ 1,900 | ||||||
A Warrant [Member] | |||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 500,000 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 17.38 | ||||||
Percentage of Closing Price Per Share of Common Stock | 120% | ||||||
B Warrant [Member] | |||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 500,000 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 21.72 | ||||||
Percentage of Closing Price Per Share of Common Stock | 150% | ||||||
Warrants and Rights Outstanding, Term (Day) | 180 days | ||||||
Series A Preferred Stock [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 8.875% | 8.875% | 8.875% | 8.875% | 8.875% | ||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 25,000 | ||||||
Depository Shares [Member] | |||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 25 | $ 25 | $ 25 | ||||
New Loan [Member] | |||||||
Debt Instrument, Face Amount | $ 50,000 | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 7% | ||||||
Debt Instrument, Unamortized Discount, Total | $ 2,900 | ||||||
New Loan [Member] | Subsequent Event [Member] | |||||||
Repayments of Debt | $ 15,000 | $ 15,000 | |||||
New Loan [Member] | Repayment After Eighteen-months of the Closing Date [Member] | |||||||
Debt Instrument, Repayment Fee Percentage | 4% | ||||||
New Loan [Member] | Repayment After Thirty-months of the Closing Date [Member] | |||||||
Debt Instrument, Repayment Fee Percentage | 6% | ||||||
New Loan [Member] | Issuance After One Year of the Closing Date [Member] | |||||||
Debt Instrument, Prepay Amount, Percentage of the Cash Proceeds Received | 75% | ||||||
New Loan [Member] | Between 18-months and 24-months Anniversary of the Closing of the Debt [Member] | |||||||
Debt Instrument, Percentage of Principal Exchanged into Depositary Receipts | 75% | ||||||
New Loan [Member] | After 24-months Anniversary of the Closing of the Debt [Member] | |||||||
Debt Instrument, Percentage of Principal Exchanged into Depositary Receipts | 100% | ||||||
Apollo [Member] | |||||||
Stock Issued During Period, Shares Debt Reassignment Fee (in shares) | 299,210 | ||||||
Affiliate of BRS [Member] | Senior Secured Debt Issued By Cadiz [Member] | |||||||
Payments to Acquire Notes Receivable | $ 77,600 |
Note 7 - Long-term Debt - Carry
Note 7 - Long-term Debt - Carrying Amount of the Company's Outstanding Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Other loans | $ 287 | $ 171 |
Debt discount and debt issuance costs, net of accumulated accretion | (1,198) | (3,587) |
Total outstanding long-term debt | 49,089 | 46,584 |
Less current portion | 139 | 107 |
Total outstanding debt | 48,950 | 46,477 |
Convertible Senior Notes Due July 2, 2024 [Member] | ||
Convertible debt | $ 50,000 | $ 50,000 |
Note 7 - Long-term Debt - Car_2
Note 7 - Long-term Debt - Carrying Amount of the Company's Outstanding Debt (Details) (Parentheticals) | Dec. 31, 2021 |
Convertible Senior Notes Due July 2, 2024 [Member] | |
Debt instrument, interest rate, stated percentage | 7% |
Note 7 - Long-term Debt - Annua
Note 7 - Long-term Debt - Annual Maturities of Long-term Debt Outstanding (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
2023 | $ 139 |
2024 | 50,109 |
2025 | 39 |
2026 | 0 |
2027+ | 0 |
Total | $ 50,287 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Deferred Tax Assets, Net, Total | $ 0 |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |
Operating Loss Carryforwards | $ 330,000 |
Open Tax Year | 2019 2020 2021 2022 |
Open Tax Period (Year) | 3 years |
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | |
Operating Loss Carryforwards | $ 283,000 |
Open Tax Year | 2018 2019 2020 2021 2022 |
Open Tax Period (Year) | 4 years |
Note 8 - Income Taxes - Deferre
Note 8 - Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Net operating losses | $ 69,537 | $ 64,418 |
Fixed asset basis difference | 4,599 | 4,566 |
Contributions carryover | 48 | 38 |
Deferred compensation | 695 | 497 |
Accrued liabilities and other | 358 | 333 |
Total deferred tax assets | 75,237 | 69,852 |
Valuation allowance for deferred tax assets | (75,237) | (69,852) |
Net deferred tax asset | $ 0 | $ 0 |
Note 8 - Income Taxes - Reconci
Note 8 - Income Taxes - Reconciliation of the Income Tax Benefit to the Statutory Federal Income Tax Rate (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Expected federal income tax benefit at 21% | $ (5,205) | $ (6,560) |
Increase (decrease) in valuation allowance | 3,906 | (8,530) |
State income tax | 7 | 10 |
Expiring carryforwards | 577 | 14,260 |
Non-deductible expenses and other | 722 | 830 |
Income tax expense | $ 7 | $ 10 |
Note 9 - Common and Preferred_2
Note 9 - Common and Preferred Stock (Details Textual) | 12 Months Ended | 18 Months Ended | ||||||||
Jul. 02, 2021 USD ($) $ / shares | Jul. 01, 2021 USD ($) $ / shares shares | Jun. 29, 2021 $ / shares shares | Mar. 05, 2020 shares | Jan. 31, 2013 shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Jul. 02, 2026 $ / shares | Dec. 27, 2021 $ / shares | |
Common Stock, Shares Authorized (in shares) | 70,000,000 | 70,000,000 | 70,000,000 | |||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | |||||||
Common Stock, Shares, Issued (in shares) | 55,823,810 | 43,656,169 | 55,823,810 | |||||||
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 55,823,810 | 43,656,169 | 55,823,810 | |||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 400,000 | |||||||||
Percentage Of Projects Annual Capacity | 51% | |||||||||
Number of Milestones for Common Stock Issuance | 2 | |||||||||
Shares Payable Term From Date Earned (Year) | 3 years | |||||||||
Preferred Stock, Shares Issued, Total (in shares) | 329 | 329 | 329 | |||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 329 | 329 | 329 | |||||||
Preferred Stock, Dividend Rate, Percentage | 8.857% | 8.857% | ||||||||
Preferred Stock, Shares Authorized (in shares) | 100,000 | 100,000 | 100,000 | |||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | |||||||
Payments of Dividends, Total | $ | $ 5,106,000 | $ 1,449,000 | $ 6,555,000 | |||||||
Preferred Class A [Member] | ||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 405.05 | |||||||||
Series 1 Preferred Stock [Member] | ||||||||||
Conversion of Stock, Shares Converted (in shares) | 9,671 | |||||||||
Conversion of Stock, Shares Issued (in shares) | 3,917,235 | |||||||||
Preferred Stock, Shares Issued, Total (in shares) | 329 | 329 | ||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 329 | 329 | ||||||||
Depository Shares [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,000,000 | |||||||||
Preferred Stock, Shares Per Depository Share (in dollars per share) | $ / shares | $ 0.001 | |||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25 | $ 25 | $ 25 | |||||||
Preferred Stock, Liquidation Preference Per Share Per Year | 2.21875 | |||||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.56 | |||||||||
Depository Shares [Member] | Sale Including Overallotment Option [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,000,000 | |||||||||
Sale Including Overallotment Option [Member] | Sale Including Overallotment Option [Member] | Maximum [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 300,000 | |||||||||
Series A Preferred Stock [Member] | ||||||||||
Preferred Stock, Shares Issued, Total (in shares) | 2,300 | 2,300 | 2,300 | |||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 2,300 | 2,300 | 2,300 | |||||||
Preferred Stock, Dividend Rate, Percentage | 8.875% | 8.875% | 8.875% | 8.875% | 8.875% | |||||
Proceeds From Issuance of Preferred Stock, Net of Issuance Costs | $ | $ 54,000,000 | |||||||||
Preferred Stock, Shares Authorized (in shares) | 7,500 | 7,500 | 7,500 | 7,500 | ||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | ||||||
Preferred Stock, Liquidation Preference, Value | $ | $ 25,000 | |||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25,000 | |||||||||
Preferred Stock, Liquidation Preference Per Share Per Year | 2,218.75 | |||||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 560 | |||||||||
Conversion of Stock, Shares Cap (in shares) | 3,748.13 | |||||||||
Conversion of Convertible Senior Notes 2020 into Preferred Stock [Member] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in shares) | 10,000 | |||||||||
Water Project with Brownstein [Member] | ||||||||||
Related Party Transaction, Expenses from Transactions with Related Party | $ | $ 1,500,000 | $ 2,200,000 | ||||||||
Shares Earned Upon The Signing Of Binding Agreements [Member] | ||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 100,000 | |||||||||
Shares Earned Upon The Commencement Of Construction [Member] | ||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 100,000 | |||||||||
Forecast [Member] | Depository Shares [Member] | ||||||||||
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares | $ 25 | |||||||||
Forecast [Member] | Series A Preferred Stock [Member] | ||||||||||
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares | $ 25,000 | |||||||||
Upon Change of Control [Member] | Depository Shares [Member] | ||||||||||
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares | $ 25 | |||||||||
Upon Change of Control [Member] | Series A Preferred Stock [Member] | ||||||||||
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares | $ 25,000 |
Note 10 - Stock-based Compens_3
Note 10 - Stock-based Compensation Plans (Details Textual) | 1 Months Ended | 12 Months Ended | |||||||
Mar. 01, 2023 shares | Jan. 03, 2023 shares | Feb. 04, 2022 $ / shares shares | Jul. 01, 2021 USD ($) | Jul. 31, 2022 shares | Apr. 30, 2021 shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 shares | Jul. 10, 2019 shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 219,878 | 850,729 | |||||||
Water Supply Agreement, Number of Acre-feet of Water Per Annum To Customer | 9,500 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 310,501 | 335,763 | |||||||
Restricted Stock Units (RSUs) [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares) | 170,000 | ||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ | $ 2,500,000 | ||||||||
Restricted Stock Units (RSUs) [Member] | Vesting Upon Completion of Final Binding Water Supply Agreement [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares) | 85,000 | ||||||||
Restricted Stock Units (RSUs) [Member] | Vesting on March 1, 2023 [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares) | 85,000 | ||||||||
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 825,000 | ||||||||
Milestone RSUs [Member] | Share-Based Payment Arrangement, Employee [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 510,000 | ||||||||
Milestone RSUs [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 255,000 | ||||||||
Milestone RSUs [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 255,000 | ||||||||
Non-milestone Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 315,000 | ||||||||
Non-milestone Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 60,000 | ||||||||
Non-milestone Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche One [Member] | Subsequent Event [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 60,000 | ||||||||
Non-milestone Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | 158,673 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 255,000 | ||||||||
Non-milestone Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | Subsequent Event [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | 158,673 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 255,000 | ||||||||
Performance Stock Units [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 450,000 | ||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ | $ 2,500,000 | ||||||||
Performance Stock Units [Member] | Vesting Upon Price Hurdle of $7 Per Share [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 200,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vesting, Price Hurdle (in dollars per share) | $ / shares | $ 7 | ||||||||
Performance Stock Units [Member] | Vesting Upon Price Hurdle of $9 Per Share [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 150,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vesting, Price Hurdle (in dollars per share) | $ / shares | $ 9 | ||||||||
Performance Stock Units [Member] | Vesting Upon Price Hurdle of $11 Per Share [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 50,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vesting, Price Hurdle (in dollars per share) | $ / shares | $ 11 | ||||||||
Performance Stock Units [Member] | Vesting Upon Price Hurdle of $13 Per Share [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 50,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vesting, Price Hurdle (in dollars per share) | $ / shares | $ 13 | ||||||||
Two Thousand Nineteen Equity Incentive Plan [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 2,700,000 | ||||||||
Two Thousand Nineteen Equity Incentive Plan [Member] | Outside Director [Member] | Accrues Yearly [Member] | |||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ | $ 75,000 | ||||||||
Share-Based Payment Arrangement, Expense | $ | 25,000 | ||||||||
Two Thousand Nineteen Equity Incentive Plan [Member] | Outside Director [Member] | Accrues Quarterly [Member] | |||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ | 18,750 | ||||||||
Share-Based Payment Arrangement, Expense | $ | $ 6,250 | ||||||||
Two Thousand Nineteen Equity Incentive Plan [Member] | Directors, Consultants and Employees [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | 1,803,666 |
Note 10 - Stock-based Compens_4
Note 10 - Stock-based Compensation Plans - Nonvested Stock Option Activity (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Nonvested (in shares) | 634,247 | 119,281 |
Nonvested (in dollars per share) | $ 11.14 | $ 9.10 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 219,878 | 850,729 |
Granted (in dollars per share) | $ 2.22 | $ 11.31 |
Forfeited or canceled (in shares) | 0 | 0 |
Forfeited or canceled (in dollars per share) | $ 0 | $ 0 |
Vested (in shares) | (310,501) | (335,763) |
Vested (in dollars per share) | $ 8.75 | $ 10.84 |
Nonvested (in shares) | 543,624 | 634,247 |
Nonvested (in dollars per share) | $ 8.90 | $ 11.14 |
Note 12 - Commitments and Con_2
Note 12 - Commitments and Contingencies (Details Textual) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
ATEC Acquisition [Member] | ||
Business Combination, Contingent Consideration, Liability, Total | $ 1,450,000 | |
Water Project [Member] | ||
Deferred Revenue, Total | $ 750,000 | $ 750,000 |
Note 13 - Leases (Details Textu
Note 13 - Leases (Details Textual) $ in Thousands | 12 Months Ended | |
Feb. 29, 2016 USD ($) a | Dec. 31, 2022 USD ($) | |
Operating Lease, Cost | $ 29 | |
Fenner Valley Farms LLC Lease Agreement [Member] | ||
Lessor, Operating Lease, Term of Contract (Year) | 99 years | |
Area of Real Estate Property (Acre) | a | 2,100 | |
Long-term Debt, Total | $ 12,000 | |
Lessor, Operating Lease, Payment to be Received, Year One | 420 | |
Lessor, Operating Lease, Payment to be Received, Year Two | 420 | |
Lessor, Operating Lease, Payment to be Received, Year Three | 420 | |
Lessor, Operating Lease, Payment to be Received, Year Four | 420 | |
Lessor, Operating Lease, Payment to be Received, Year Five | $ 420 | |
Minimum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Month) | 1 month | |
Maximum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Month) | 46 months |
Note 13 - Leases - Balance Shee
Note 13 - Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
ROU assets | $ 553 | $ 3,281 |
Short-term lease liability | 109 | 24 |
Long-term lease liability | 444 | 3,257 |
Other Assets [Member] | ||
ROU assets | 553 | 3,281 |
Other Liabilities [Member] | ||
Short-term lease liability | 109 | 24 |
Other Noncurrent Liabilities [Member] | ||
Long-term lease liability | $ 444 | $ 3,257 |
Note 13 - Leases - Future Minim
Note 13 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
2023 | $ 168 | |
2024 | 172 | |
2025 | 192 | |
2026 | 160 | |
2027+ | 0 | |
Total lease payments | 692 | |
Less: Imputed interest | (139) | |
Present value of lease payments | 553 | |
Less: current maturities of lease obligations | (109) | $ (24) |
Long-term lease obligations | 444 | 3,257 |
Other Liabilities [Member] | ||
Less: current maturities of lease obligations | (109) | (24) |
Other Noncurrent Liabilities [Member] | ||
Long-term lease obligations | $ 444 | $ 3,257 |
Note 13 - Leases - Lease Inform
Note 13 - Leases - Lease Information (Details) | Dec. 31, 2022 |
Weighted Average Remaining Lease Term Operating leases (years) (Year) | 4 years |
Weighted Average Discount Rate Operating leases | 10% |
Note 14 - Fair Value Measurem_3
Note 14 - Fair Value Measurements (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||
Mar. 24, 2020 | Mar. 23, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Mar. 24, 2021 | Mar. 23, 2021 | |
Fair Value Adjustment of Warrants | $ 0 | $ (573) | ||||
ATEC Acquisition [Member] | ||||||
Business Combination, Contingent Consideration, Liability, Total | $ 1,450 | |||||
Additional Paid-in Capital [Member] | Reclassification of Warrant Liability to Additional Paid-in Capital [Member] | ||||||
Current Period Reclassification Adjustment | $ 1,300 | |||||
Additional Paid-in Capital [Member] | Reclassification of Debt Issuance Costs to Additional Paid In Capital [Member] | ||||||
Current Period Reclassification Adjustment | $ 1,900 | |||||
2017 Warrants [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 362,500 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.01 | $ 6.75 |
Note 14 - Fair Value Measurem_4
Note 14 - Fair Value Measurements - Reconciliation of Level 3 Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Balance | $ 0 | $ 1,847 |
Balance | 1,450 | 0 |
Warrant Liabilities [Member] | ||
Unrealized gains on warrants, net | (573) | |
Reclassification of warrant liability | $ (1,274) | |
Contingent Consideration Liabilities [Member] | ||
Contingent consideration liabilities | $ 1,450 |
Note 15 - Subsequent Events (De
Note 15 - Subsequent Events (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Feb. 02, 2023 | Jan. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 02, 2021 | |
Proceeds from Issuance of Common Stock | $ 21,636 | $ 32,459 | |||
New Loan [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 7% | ||||
Subsequent Event [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 10,500,000 | ||||
Shares Issued, Price Per Share (in dollars per share) | $ 3.84 | ||||
Proceeds from Issuance of Common Stock, Gross | $ 40,320 | ||||
Proceeds from Issuance of Common Stock | 38,500 | ||||
Subsequent Event [Member] | New Loan [Member] | |||||
Repayments of Debt | $ 15,000 | $ 15,000 | |||
Subsequent Event [Member] | First Amended Credit Agreement [Member] | |||||
Long-Term Debt, Gross | $ 15,000 | ||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 4.80 | ||||
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger | 115% | ||||
Debt Instrument, Interest Rate, Stated Percentage | 7% | ||||
Interest Expense, Long-Term Debt, Total | $ 20,000 |