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Note 3 - Acquisitions | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Business Combination Disclosure [Text Block] | NOTE 3 – ACQUISITIONS On November 9, 2022, the Company completed the acquisition of the assets of ATEC Systems, Inc. into ATEC Water Systems, LLC ("ATEC"), a water filtration technology company, at a purchase price of up to $2.2 million (“ATEC Acquisition”). The ATEC Acquisition is intended to enable the Company to assist water agencies in increasing supplies of potable water from contaminated groundwater sources. The table below summarizes the preliminary fair value of assets acquired and liabilities assumed in the ATEC Acquisition: Cadiz Inc. Notes To The Consolidated Financial Statements
($ 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 material to the proforma net revenue or net income of the Company’s combined operations for the periods presented. Net revenue and net loss related to ATEC post-acquisition were not material to the Consolidated Statements of Income for the periods presented. 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 years. These units provide for a 20% profit participation in ATEC following a return to the Company of its initial $2.2 million investment.

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