10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001437749-21-004630`
Period End Date	20201231
Filing Date	20210302
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	mlp-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 45 Cash Flow Statement 58 Stockholders Equity 22

Balance Sheet 79 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
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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.24M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.24M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.31M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$869.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.36M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$101.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.44M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.75M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Land improvements	`LandImprovements`	$12.94M	USD	Point-in-time
Land improvements	`LandImprovements`	$13.15M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.44M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.46M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.48M	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`	-	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentGross`	$51.96M	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentGross`	$52.16M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.45M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.45M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$18.51M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$19.72M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.50M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.31M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.34M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$9.85M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$10.21M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.47M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$39.12M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$899.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$928.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$970.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$200.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	-	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$260.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$453.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$503.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.95M	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`	$9.70M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.93M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$83.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$64.00K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$13.47M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$15.46M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,311,528 and 19,238,081 shares issued and outstanding	`CommonStockValue`	$80.61M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,311,528 and 19,238,081 shares issued and outstanding	`CommonStockValue`	$81.48M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.18M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$20.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$30.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.69M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$38.47M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$39.12M	USD	Point-in-time

Income Statement 45 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
Leasing	`OperatingLeaseLeaseIncome`	$8.15M	USD	Annual
Leasing	`OperatingLeaseLeaseIncome`	$5.95M	USD	Annual
Total Operating Revenues	`Revenues`	$10.04M	USD	Annual
Total Operating Revenues	`Revenues`	$7.54M	USD	Annual
Leasing	`CostOfGoodsSoldLease`	$3.23M	USD	Annual
Leasing	`CostOfGoodsSoldLease`	$2.93M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.44M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.25M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.73M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.63M	USD	Annual
Depreciation	`Depreciation`	$1.41M	USD	Annual
Depreciation	`Depreciation`	$1.29M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$10.09M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$10.84M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-796.00K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-2.55M	USD	Annual
Other Income	`OtherNonoperatingIncomeExpense`	$894.00K	USD	Annual
Other Income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$475.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$1.02M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-198.00K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-134.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$5.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$-5.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-7.01M	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-2.27M	USD	Annual
Loss from discontinued operations, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-337.00K	USD	Annual
Loss from discontinued operations, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-3.36M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-10.37M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.60M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$900.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.01M	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-9.36M	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-3.50M	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.37	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.12	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.17	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	Annual
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	Annual

Cash Flow Statement 58 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`	$12.68M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$13.52M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$8.77M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.43M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.69M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$21.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$106.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.20M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$81.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$712.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$436.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$278.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-990.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-517.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.40M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.50M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.70M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.23M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$662.00K	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`	$-1.50M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-723.00K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$59.00K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$186.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$683.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$624.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$683.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$624.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-10.37M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.40M	USD	Annual
Bad debt provision	`ProvisionForDoubtfulAccounts`	$199.00K	USD	Annual
Bad debt provision	`ProvisionForDoubtfulAccounts`	$13.00K	USD	Annual
Share-based compensation	`RestrictedStockExpense`	$705.00K	USD	Annual
Share-based compensation	`RestrictedStockExpense`	$676.00K	USD	Annual
Impairment charges	`AssetImpairmentCharges`	$196.00K	USD	Annual
Impairment charges	`AssetImpairmentCharges`	$3.64M	USD	Annual
Disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$-55.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$197.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$388.00K	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$324.00K	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$837.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-457.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-668.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.50M	USD	Annual
Income taxes receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.75M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.85M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.20M	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`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$676.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$705.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$951.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$865.00K	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$653.00K	USD	Annual
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$662.00K	USD	Annual
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	25,000.00	shares	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$130.00K	USD	Annual
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$900.00K	USD	Annual
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.01M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.37M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$900.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.01M	USD	Annual
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time

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