10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-007481`
Period End Date	20170331
Filing Date	20170428
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mlp-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 44 Cash Flow Statement 26 Stockholders Equity 18 Comprehensive Income 2

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$57.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$57.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $57 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.50M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $57 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$237.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$190.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.97M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.96M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$459.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.75M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$58.96M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$58.96M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.63M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.22M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$25.74M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$25.33M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.84M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.25M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.65M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.54M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.38M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.90M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.88M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$569.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$694.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$607.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$175.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$172.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$443.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$405.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$546.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$357.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$580.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.86M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.06M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.06M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.39M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.38M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$409.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$366.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$40.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$45.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$13.10M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$18.74M	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, 18,967,575 and 18,958,018 shares issued and outstanding	`CommonStockValue`	$78.12M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,967,575 and 18,958,018 shares issued and outstanding	`CommonStockValue`	$78.16M	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`	$-41.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-11.72M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$38.88M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$40.13M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesOfRealEstate`	$7.00M	USD	1 Quarter
Sales	`SalesOfRealEstate`	-	USD	1 Quarter
Commissions	`OtherRealEstateRevenue`	$168.00K	USD	1 Quarter
Commissions	`OtherRealEstateRevenue`	$139.00K	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.61M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.59M	USD	1 Quarter
Utilities	`UtilityRevenue`	$676.00K	USD	1 Quarter
Utilities	`UtilityRevenue`	$847.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$282.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$346.00K	USD	1 Quarter
Total operating revenues	`Revenues`	$9.68M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.98M	USD	1 Quarter
Cost of sales	`CostOfRealEstateSales`	-	USD	1 Quarter
Cost of sales	`CostOfRealEstateSales`	$576.00K	USD	1 Quarter
Other	`CostOfOtherPropertyOperatingExpense`	$300.00K	USD	1 Quarter
Other	`CostOfOtherPropertyOperatingExpense`	$160.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$469.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$712.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$631.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$553.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$197.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$333.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$489.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$754.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$380.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$559.00K	USD	1 Quarter
Depreciation	`Depreciation`	$495.00K	USD	1 Quarter
Depreciation	`Depreciation`	$416.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$284.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$202.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.76M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.75M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$5.93M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-777.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-581.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-94.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-253.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.10M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$6.04M	USD	1 Quarter
NET INCOME (LOSS) PER COMMON SHARE--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
NET INCOME (LOSS) PER COMMON SHARE--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.31	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-63.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.05M	USD	1 Quarter
Payments for deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$1.38M	USD	1 Quarter
Payments for deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$16.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.38M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.62M	USD	1 Quarter
Debt and common stock issuance cost and other	`PaymentOfFinancingAndStockIssuanceCosts`	$236.00K	USD	1 Quarter
Debt and common stock issuance cost and other	`PaymentOfFinancingAndStockIssuanceCosts`	$77.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.70M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-236.00K	USD	1 Quarter
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.00K	USD	1 Quarter
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-315.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Interest	`InterestPaidNet`	$50.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$420.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$30.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$23.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.72M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$556.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$87.00K	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$236.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$50.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-253.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Balance	`StockholdersEquity`	$23.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.72M	USD	Point-in-time

Comprehensive Income 2 line items

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

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