10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-008033`
Period End Date	20190331
Filing Date	20190426
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mlp-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 28 Cash Flow Statement 24 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$897.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.18M	shares	Point-in-time
Common stock, shares 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`	$2.50M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.18M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$128.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.13M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.00K	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`	$5.11M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$66.15M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.96M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.17M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.74M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$28.98M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$29.22M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.77M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.79M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	$2.50M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	$2.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.29M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.32M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$14.57M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$14.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.66M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.24M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.74M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$2.02M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$2.08M	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$335.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$814.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$137.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$551.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$323.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$380.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.70M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.89M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.54M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.56M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$54.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$118.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$12.55M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$12.48M	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, 19,180,375 and 19,125,521 shares issued and outstanding	`CommonStockValue`	$79.41M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,180,375 and 19,125,521 shares issued and outstanding	`CommonStockValue`	$80.17M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.92M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$48.66M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$48.10M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.50M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.68M	USD	1 Quarter
Operating revenues	`Revenues`	$2.84M	USD	1 Quarter
Operating revenues	`Revenues`	$2.54M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$578.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$568.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$864.00K	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`	$598.00K	USD	1 Quarter
Depreciation	`Depreciation`	$439.00K	USD	1 Quarter
Depreciation	`Depreciation`	$432.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.37M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.64M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-795.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-825.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$102.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$253.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-47.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-37.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-964.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-779.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-884.00K	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	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`	$555.00K	USD	1 Quarter
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$146.00K	USD	1 Quarter
Payments of deferred development costs	`PaymentsForDeferredDevelopmentCosts`	$90.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-146.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-90.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$500.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$411.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$400.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-411.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$509.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Interest	`InterestPaidNet`	$26.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$30.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$30.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$965.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock option exercised (Note 3)	`StockIssuedDuringPeriodValueStockOptionsExercised`	$130.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$411.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$400.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-964.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$30.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-964.00K	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.