10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001437749-19-003802`
Period End Date	20181231
Filing Date	20190301
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	mlp-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 31 Cash Flow Statement 56 Stockholders Equity 18 Comprehensive Income 2

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	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`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
Accounts receivable, less allowance of $34 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, authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $34 and $40 for doubtful accounts	`AccountsReceivableNetCurrent`	$897.00K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.13M	shares	Point-in-time
Current portion of income tax receivable	`IncomeTaxesReceivable`	$2.50M	USD	Point-in-time
Current portion of income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	19.04M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.13M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$159.00K	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
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.27M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.34M	USD	Point-in-time
Land	`Land`	$5.06M	USD	Point-in-time
Land	`Land`	$5.06M	USD	Point-in-time
Land improvements	`LandImprovements`	$24.73M	USD	Point-in-time
Land improvements	`LandImprovements`	$24.73M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$24.88M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$24.88M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.98M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.14M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	-	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$149.00K	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$65.65M	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$65.96M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.97M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.74M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$30.68M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$29.22M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.79M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.39M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	$2.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.39M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.32M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.78M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$14.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.10M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$44.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.24M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$696.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$2.02M	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$814.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$784.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$164.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$203.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$460.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.85M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.87M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.56M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.45M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	-	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`	$54.00K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$12.48M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.81M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,125,521 and 19,040,273 shares issued and outstanding	`CommonStockValue`	$79.41M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,125,521 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`	$-35.93M	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`	$-21.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$30.92M	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`	$48.10M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue from contracts with customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.81M	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$6.22M	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.73M	USD	Annual
Operating revenues	`Revenues`	$24.58M	USD	Annual
Operating revenues	`Revenues`	$11.04M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.48M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.57M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.52M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.90M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.32M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.54M	USD	Annual
Depreciation	`Depreciation`	$1.77M	USD	Annual
Depreciation	`Depreciation`	$1.76M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$12.62M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$14.87M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-3.83M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$11.96M	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$871.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$514.00K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-190.00K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-156.00K	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-5.00M	USD	Annual
NET INCOME	`NetIncomeLoss`	$10.90M	USD	Annual
NET INCOME	`NetIncomeLoss`	$498.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-2.04M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.55M	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$12.94M	USD	Annual
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.57	USD	Annual
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Cash receipts from customers and other receipts	`ProceedsFromCoreOperatingActivities`	$13.30M	USD	Annual
Cash receipts from customers and other receipts	`ProceedsFromCoreOperatingActivities`	$14.84M	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	-	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	$6.99M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$12.35M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$10.02M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.53M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.41M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$78.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$99.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$412.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$8.35M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$882.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$311.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$395.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$1.52M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-706.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.52M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$500.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$300.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$500.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.92M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$780.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$581.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-581.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.40M	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$427.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-405.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
Net income	`NetIncomeLoss`	$10.90M	USD	Annual
Net income	`NetIncomeLoss`	$498.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.84M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.94M	USD	Annual
Conveyance of improvements	`ConveyanceOfImprovements`	-	USD	Annual
Conveyance of improvements	`ConveyanceOfImprovements`	$6.69M	USD	Annual
Share based compensation	`RestrictedStockExpense`	$448.00K	USD	Annual
Share based compensation	`RestrictedStockExpense`	$563.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-563.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-43.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$455.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$838.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$127.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.33M	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-443.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.50M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.34M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-671.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$8.35M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$882.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$563.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$448.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$767.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$845.00K	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$754.00K	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$581.00K	USD	Annual
Other comprehensive gain (loss) - pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-2.04M	USD	Annual
Other comprehensive gain (loss) - pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.55M	USD	Annual
Net income	`NetIncomeLoss`	$10.90M	USD	Annual
Net income	`NetIncomeLoss`	$498.00K	USD	Annual
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time

Comprehensive Income 2 line items

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

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