10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-008324`
Period End Date	20150331
Filing Date	20150429
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	mlp-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 24 Stockholders Equity 20 Comprehensive Income 2

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$194.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$194.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$479.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Accounts receivable, less allowance of $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.69M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsCurrent`	$147.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.77M	shares	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsCurrent`	$147.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.85M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$170.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.77M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$129.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.94M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$75.40M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$75.40M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.89M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.34M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$35.52M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$36.07M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.35M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.36M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.85M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.73M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.20M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.09M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$49.27M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$49.54M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$400.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.53M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$687.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$968.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$498.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$384.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$391.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$421.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$566.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$855.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$222.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$348.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$352.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$546.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$620.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.85M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$47.64M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$50.38M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.89M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.72M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.68M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.73M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$1.01M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$957.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$375.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$58.60M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$61.00M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,846,786 and 18,766,246 shares issued and outstanding	`CommonStockValue`	$77.11M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,846,786 and 18,766,246 shares issued and outstanding	`CommonStockValue`	$77.50M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-77.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.36M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-27.83M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$49.27M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$49.54M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Real estate	`SalesOfRealEstate`	$83.00K	USD	1 Quarter
Real estate	`SalesOfRealEstate`	$112.00K	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.42M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.31M	USD	1 Quarter
Utilities	`UtilityRevenue`	$722.00K	USD	1 Quarter
Utilities	`UtilityRevenue`	$817.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$450.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$352.00K	USD	1 Quarter
Total operating revenues	`Revenues`	$2.79M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.47M	USD	1 Quarter
Real estate	`CostOfRealEstateSales`	$168.00K	USD	1 Quarter
Real estate	`CostOfRealEstateSales`	$279.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$550.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$532.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$612.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$573.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$281.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$213.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$351.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$582.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$549.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$142.00K	USD	1 Quarter
Depreciation	`Depreciation`	$558.00K	USD	1 Quarter
Depreciation	`Depreciation`	$584.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$141.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$76.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.29M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$2.90M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-496.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-432.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-477.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-597.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-909.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-146.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-882.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-763.00K	USD	1 Quarter
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.29M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$243.00K	USD	1 Quarter
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$34.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-34.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.60M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$159.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$285.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.44M	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$315.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$120.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$558.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$479.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$479.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$547.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$426.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$150.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$150.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesIssued`	18.77M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesIssued`	18.85M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-27.83M	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$675.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$317.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$285.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$150.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-146.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-909.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.09M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesIssued`	18.77M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	18.85M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-27.83M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter

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