10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-019416`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	mlp-20180930.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`	$602.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	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
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	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
Accounts receivable, less allowance of $33 and $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$816.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.11M	shares	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$201.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.11M	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
Total current assets	`AssetsCurrent`	$2.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.47M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.65M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.67M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.97M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.30M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$29.37M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$30.68M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.73M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.39M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.39M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.28M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$12.01M	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`	$43.86M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$1.83M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$696.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$784.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$686.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$164.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$202.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$323.00K	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`	$3.21M	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`	$7.58M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.87M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.45M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.46M	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`	$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`	$11.39M	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, 19,114,148 and 19,040,273 shares issued and outstanding	`CommonStockValue`	$79.30M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,114,148 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`	$-39.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.25M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.80M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$43.86M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.71M	USD	3 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.35M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.55M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.31M	USD	3 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.61M	USD	3 Qtrs
Operating revenues	`Revenues`	$21.86M	USD	3 Qtrs
Operating revenues	`Revenues`	$8.31M	USD	3 Qtrs
Operating revenues	`Revenues`	$2.84M	USD	1 Quarter
Operating revenues	`Revenues`	$2.81M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.72M	USD	3 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$620.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$661.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.90M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$648.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.72M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.35M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$795.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$307.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.21M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$253.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.06M	USD	3 Qtrs
Depreciation	`Depreciation`	$463.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.33M	USD	3 Qtrs
Depreciation	`Depreciation`	$443.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.30M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$11.06M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$9.27M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$4.30M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.08M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-243.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$12.59M	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-1.49M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-2.74M	USD	3 Qtrs
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$606.00K	USD	3 Qtrs
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`	$306.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-37.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-152.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-39.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-111.00K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$11.83M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.16M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-484.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-555.00K	USD	3 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-612.00K	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.61M	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.44M	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$12.44M	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-280.00K	USD	1 Quarter
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	3 Qtrs
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.62	USD	3 Qtrs
NET LOSS PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.75M	USD	3 Qtrs
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$1.44M	USD	3 Qtrs
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$326.00K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.44M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-326.00K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.62M	USD	3 Qtrs
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$532.00K	USD	3 Qtrs
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$677.00K	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.30M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-532.00K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.00K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$214.00K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$67.00K	USD	3 Qtrs
Interest	`InterestPaidNet`	$52.00K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaid`	$412.00K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$29.25M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.09M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.25M	USD	3 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$651.00K	USD	3 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$532.00K	USD	3 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-204.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-555.00K	USD	3 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-612.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.16M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-484.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$29.25M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	3 Qtrs
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	3 Qtrs
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.