10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-021805`
Period End Date	20190930
Filing Date	20191107
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	mlp-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 60 Cash Flow Statement 20 Stockholders Equity 35 Comprehensive Income 4

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
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`	$619.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
Accounts receivable, less allowance of $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$989.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.20M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.13M	shares	Point-in-time
Accounts receivable, less allowance of $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	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`	$182.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$212.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.63M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$66.15M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$65.96M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.91M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.74M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$28.24M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$29.22M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.79M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$10.96M	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`	$1.32M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.28M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$14.61M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$14.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$47.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.19M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.24M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.24M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$2.02M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$910.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$749.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$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	`ContractWithCustomerLiabilityCurrent`	$137.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$157.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$423.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$415.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.79M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.86M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.56M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.68M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$54.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$96.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$12.64M	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, 19,202,465 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, 19,202,465 and 19,125,521 shares issued and outstanding	`CommonStockValue`	$80.41M	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`	$-35.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.17M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.14M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$48.19M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$47.62M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.83M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.23M	USD	3 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.61M	USD	3 Qtrs
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.55M	USD	1 Quarter
Operating revenues	`Revenues`	$9.38M	USD	3 Qtrs
Operating revenues	`Revenues`	$8.31M	USD	3 Qtrs
Operating revenues	`Revenues`	$3.44M	USD	1 Quarter
Operating revenues	`Revenues`	$2.81M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$620.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.76M	USD	3 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.90M	USD	3 Qtrs
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$584.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$795.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$466.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.35M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.82M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.35M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$374.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.21M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$307.00K	USD	1 Quarter
Depreciation	`Depreciation`	$417.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.28M	USD	3 Qtrs
Depreciation	`Depreciation`	$443.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.33M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$9.74M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$3.14M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$4.30M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$11.06M	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-2.74M	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-356.00K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-1.49M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$299.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$258.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$102.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$768.00K	USD	3 Qtrs
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$306.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-50.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-111.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-160.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-37.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.53M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.27M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.28M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-9.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.16M	USD	3 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-555.00K	USD	3 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-423.00K	USD	2 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-634.00K	USD	3 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-370.00K	USD	2 Qtrs
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-650.00K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-2.61M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.44M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$202.00K	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	3 Qtrs
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$968.00K	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	3 Qtrs
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$326.00K	USD	3 Qtrs
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$453.00K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-326.00K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-453.00K	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`	$520.00K	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-520.00K	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-532.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$214.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.00K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$619.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$619.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$29.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$134.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$182.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.11M	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.28M	USD	2 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock option exercised (Note 3)	`StockIssuedDuringPeriodValueStockOptionsExercised`	$130.00K	USD	2 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$467.00K	USD	2 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$65.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$456.00K	USD	2 Qtrs
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$65.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-555.00K	USD	3 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-423.00K	USD	2 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-634.00K	USD	3 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-370.00K	USD	2 Qtrs
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.27M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.28M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.16M	USD	3 Qtrs
Balance	`StockholdersEquity`	$29.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.34M	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	3 Qtrs
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	3 Qtrs

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