10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-007990`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	mlp-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 29 Cash Flow Statement 24 Stockholders Equity 20 Comprehensive Income 2

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
Accounts receivable, less allowance of $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$940.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$972.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$192.00K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.04M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$159.00K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.09M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.04M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.34M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.65M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.65M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.41M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.97M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$30.68M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$30.24M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.48M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.39M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.36M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.39M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.85M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.78M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$44.51M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$44.80M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$684.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$696.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$310.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$784.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$164.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$555.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$160.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$179.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.88M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Non-current portion of accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.78M	USD	Point-in-time
Non-current portion of accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.87M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.59M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.45M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$64.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$215.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$44.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$44.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$11.81M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$11.72M	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, 19,091,288 and 19,040,273 shares issued and outstanding	`CommonStockValue`	$79.14M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,091,288 and 19,040,273 shares issued and outstanding	`CommonStockValue`	$78.58M	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`	$-37.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.14M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.51M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.80M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.05M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.59M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.50M	USD	1 Quarter
Operating revenues	`Revenues`	$9.68M	USD	1 Quarter
Operating revenues	`Revenues`	$2.54M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$578.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$469.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$489.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$831.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$579.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$559.00K	USD	1 Quarter
Depreciation	`Depreciation`	$439.00K	USD	1 Quarter
Depreciation	`Depreciation`	$416.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.37M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.56M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$6.13M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-825.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$202.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$102.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-94.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-37.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-964.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-779.00K	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`	$-0.05	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 24 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$522.00K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.05M	USD	1 Quarter
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$90.00K	USD	1 Quarter
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$1.38M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-90.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.38M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.62M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$77.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$411.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-5.70M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-411.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$50.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$30.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$965.00K	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`	$411.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$50.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-964.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-964.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.83M	USD	1 Quarter

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.