10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-014986`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	mlp-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 57 Cash Flow Statement 26 Stockholders Equity 22 Comprehensive Income 4

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`	$33.00K	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`	$567.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $33 and $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$923.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $33 and $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$940.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.04M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.10M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$153.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$159.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.10M	shares	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
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.34M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.65M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.66M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.86M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.97M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$29.81M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$30.68M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.39M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.62M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.32M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.39M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.94M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.78M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$44.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$44.19M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$718.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$696.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$518.00K	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`	$359.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$315.00K	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`	$2.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.68M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.87M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.45M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.45M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$215.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$64.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$54.00K	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`	$11.49M	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, 19,102,775 and 19,040,273 shares issued and outstanding	`CommonStockValue`	$79.23M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,102,775 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`	$-36.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.14M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.80M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.19M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.45M	USD	2 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$3.05M	USD	2 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$2.96M	USD	2 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.56M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.37M	USD	1 Quarter
Operating revenues	`Revenues`	$5.50M	USD	2 Qtrs
Operating revenues	`Revenues`	$2.96M	USD	1 Quarter
Operating revenues	`Revenues`	$9.34M	USD	1 Quarter
Operating revenues	`Revenues`	$19.02M	USD	2 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.06M	USD	2 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$706.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.28M	USD	2 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$587.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$725.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.07M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$586.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$899.00K	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$320.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$253.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$812.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$417.00K	USD	1 Quarter
Depreciation	`Depreciation`	$446.00K	USD	1 Quarter
Depreciation	`Depreciation`	$833.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$885.00K	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$2.63M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$6.76M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$6.19M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$3.39M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-431.00K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$12.83M	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-1.26M	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$6.70M	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$102.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$202.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$404.00K	USD	2 Qtrs
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$204.00K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-113.00K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-37.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-19.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-74.00K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$12.31M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.53M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$6.48M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-570.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-408.00K	USD	2 Qtrs
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
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-370.00K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.16M	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-385.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$12.72M	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$6.68M	USD	1 Quarter
NET INCOME (LOSS) PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.34	USD	1 Quarter
NET INCOME (LOSS) PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.65	USD	2 Qtrs
NET INCOME (LOSS) PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
NET INCOME (LOSS) PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.61M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$805.00K	USD	2 Qtrs
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$211.00K	USD	2 Qtrs
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$1.43M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-211.00K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.43M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.62M	USD	2 Qtrs
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$467.00K	USD	2 Qtrs
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$594.00K	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-467.00K	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.22M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$127.00K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$567.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$567.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Interest	`InterestPaidNet`	$67.00K	USD	2 Qtrs
Interest	`InterestPaidNet`	$65.00K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaid`	$405.00K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$974.00K	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.11M	USD	2 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$568.00K	USD	2 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$467.00K	USD	2 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-408.00K	USD	2 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-370.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$12.31M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.53M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-570.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	2 Qtrs
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	2 Qtrs

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