10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001437749-20-004231`
Period End Date	20191231
Filing Date	20200303
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	mlp-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 38 Cash Flow Statement 56 Stockholders Equity 22 Comprehensive Income 4

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$35.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $35 and $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$989.00K	USD	Point-in-time
Accounts receivable, less allowance of $35 and $34 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.13M	shares	Point-in-time
Current portion of income tax receivable	`IncomeTaxesReceivable`	$2.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.24M	shares	Point-in-time
Current portion of income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$101.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.13M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.24M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.91M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.06M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.55M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Land	`Land`	$5.06M	USD	Point-in-time
Land improvements	`LandImprovements`	$14.50M	USD	Point-in-time
Land improvements	`LandImprovements`	$13.15M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.44M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$24.66M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.35M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.49M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$4.00K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$106.00K	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$52.16M	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$54.67M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.15M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.45M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$19.72M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$21.52M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.50M	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`	-	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.34M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.32M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$14.61M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$9.85M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$39.12M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.19M	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`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$2.02M	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$814.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$928.00K	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
Other current liabilities	`OtherLiabilitiesCurrent`	$552.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$503.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.79M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.95M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.03M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.70M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.56M	USD	Point-in-time
Deposits	`ContractWithCustomerLiabilityNoncurrent`	$2.67M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$54.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$64.00K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$12.48M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$13.47M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 12) STOCKHOLDERS' EQUITY	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 12) STOCKHOLDERS' EQUITY	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,238,081 and 19,125,521 shares issued and outstanding	`CommonStockValue`	$80.61M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,238,081 and 19,125,521 shares issued and outstanding	`CommonStockValue`	$79.41M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.18M	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`	$-46.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.69M	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 LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$39.12M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$48.19M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeaseLeaseIncome`	$7.27M	USD	Annual
Leasing	`OperatingLeaseLeaseIncome`	$8.15M	USD	Annual
Revenues	`Revenues`	$8.86M	USD	Annual
Revenues	`Revenues`	$10.04M	USD	Annual
Operating Lease Expense	`CostOfGoodsSoldLease`	$3.04M	USD	Annual
Operating Lease Expense	`CostOfGoodsSoldLease`	$3.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.25M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.90M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.54M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.73M	USD	Annual
Depreciation	`Depreciation`	$1.41M	USD	Annual
Depreciation	`Depreciation`	$1.49M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$12.84M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$10.84M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-796.00K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-3.98M	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$514.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$1.02M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-198.00K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-156.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$5.00M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-5.00M	USD	Annual
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$347.00K	USD	Annual
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-7.01M	USD	Annual
Income (Loss) from discontinued operations, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$151.00K	USD	Annual
Income (Loss) from discontinued operations, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-3.36M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$498.00K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-10.37M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.01M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.55M	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-9.36M	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.37	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$0.01	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.17	USD	Annual
Net Income (Loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	Annual
Net Income (Loss) (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`	$16.83M	USD	Annual
Cash receipts from customers and other receipts	`ProceedsFromCoreOperatingActivities`	$14.84M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$13.52M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$12.35M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.53M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.43M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$78.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$106.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$882.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$311.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$712.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$395.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$278.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-706.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-990.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$500.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.50M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$500.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.70M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$581.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$653.00K	USD	Annual
Stock options exercised	`ProceedsFromStockOptionsExercised`	$130.00K	USD	Annual
Stock options exercised	`ProceedsFromStockOptionsExercised`	-	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-723.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-581.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-405.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$59.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$624.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$498.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-10.37M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.56M	USD	Annual
Share-based compensation	`RestrictedStockExpense`	$563.00K	USD	Annual
Share-based compensation	`RestrictedStockExpense`	$705.00K	USD	Annual
Impairment charges	`AssetImpairmentCharges`	$3.64M	USD	Annual
Impairment charges	`AssetImpairmentCharges`	-	USD	Annual
Disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$-55.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-165.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$184.00K	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$837.00K	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$455.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.33M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-668.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.50M	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.50M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.19M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.75M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$882.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	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`	$705.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$845.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$951.00K	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$581.00K	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$653.00K	USD	Annual
Other comprehensive gain (loss) - pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.01M	USD	Annual
Other comprehensive gain (loss) - pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$498.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-10.37M	USD	Annual
Stock option excercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	25,000.00	shares	Point-in-time
Stock option excercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$130.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$498.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-10.37M	USD	Annual
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.14M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Income (Loss) from discontinued operations,taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	Annual
Income (Loss) from discontinued operations,taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	Annual
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.