10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-020683`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	mlp-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Cash Flow Statement 30 Stockholders Equity 24

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$163.00K	USD	Point-in-time
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$163.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$420.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $163 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $163 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$596.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.78M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$587.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.74M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.16M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.19M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.78M	shares	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$77.01M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$77.27M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.83M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.08M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$40.18M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$38.18M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$7.74M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$7.73M	USD	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent`	$744.00K	USD	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent`	$438.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.84M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.94M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.41M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.02M	USD	Point-in-time
TOTAL	`Assets`	$53.75M	USD	Point-in-time
TOTAL	`Assets`	$51.39M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.53M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$995.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$727.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$362.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$245.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$443.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$397.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$711.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.42M	USD	Point-in-time
Current portion of accrued contract terminations	`ContractTerminationAccrualsCurrent`	$159.00K	USD	Point-in-time
Current portion of accrued contract terminations	`ContractTerminationAccrualsCurrent`	$159.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$937.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.10M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.28M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$54.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$47.14M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$20.87M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$19.95M	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsNoncurrent`	$316.00K	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsNoncurrent`	$475.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.76M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.05M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$26.39M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$72.17M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,781,331 and 18,737,384 shares issued and outstanding	`CommonStockValue`	$77.08M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,781,331 and 18,737,384 shares issued and outstanding	`CommonStockValue`	$76.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-94.78M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.24M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.69M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-27.69M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-35.96M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-34.36M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$53.75M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$51.39M	USD	Point-in-time

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-210.00K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-4.94M	USD	3 Qtrs
Purchases of property	`PaymentsToAcquireProductiveAssets`	$8.00K	USD	3 Qtrs
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$3.76M	USD	3 Qtrs
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$67.00K	USD	3 Qtrs
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$92.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-67.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$3.66M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.80M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.00M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$3.56M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.32M	USD	3 Qtrs
Debt issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$562.00K	USD	3 Qtrs
Debt issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$367.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$872.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$114.00K	USD	3 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-163.00K	USD	3 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-409.00K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$420.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$420.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$196.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$1.73M	USD	3 Qtrs
Interest	`InterestPaidNet`	$1.76M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$550.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$450.00K	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-27.69M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-35.96M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-34.36M	USD	Point-in-time
Beginning balance (in Shares)	`CommonStockSharesIssued`	18.78M	shares	Point-in-time
Beginning balance (in Shares)	`CommonStockSharesIssued`	18.74M	shares	Point-in-time
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$319.00K	USD	3 Qtrs
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$241.00K	USD	3 Qtrs
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$133.00K	USD	3 Qtrs
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$218.00K	USD	3 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$193.00K	USD	3 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$115.00K	USD	3 Qtrs
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-455.00K	USD	3 Qtrs
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-618.00K	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.56M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.18M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.55M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-749.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-27.69M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-35.96M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-34.36M	USD	Point-in-time
Ending balance (in Shares)	`CommonStockSharesIssued`	18.78M	shares	Point-in-time
Ending balance (in Shares)	`CommonStockSharesIssued`	18.74M	shares	Point-in-time

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