10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-010642`
Period End Date	20210331
Filing Date	20210503
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	mlp-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 24 Stockholders Equity 22

Balance Sheet 68 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`	19.35M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.35M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$458.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$869.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.49M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$138.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.34M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.43M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$51.96M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$51.99M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.45M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.74M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$18.24M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$18.51M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.90M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.94M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.29M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.31M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.21M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$37.90M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.47M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$985.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$899.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$970.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$451.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$200.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$800.00K	USD	Point-in-time
Accrued retirement benefits, currernt portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Accrued retirement benefits, currernt portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$260.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$472.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$453.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$508.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.38M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.93M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.23M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$83.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$75.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$15.46M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$14.68M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,351,489 and 19,311,528 shares issued and outstanding	`CommonStockValue`	$81.97M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,351,489 and 19,311,528 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`	$-49.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.84M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$37.90M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$38.47M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeaseLeaseIncome`	$1.80M	USD	1 Quarter
Leasing	`OperatingLeaseLeaseIncome`	$1.74M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.06M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.04M	USD	1 Quarter
Leasing	`CostOfGoodsSoldLease`	$840.00K	USD	1 Quarter
Leasing	`CostOfGoodsSoldLease`	$776.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$760.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$719.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$349.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$425.00K	USD	1 Quarter
Depreciation	`Depreciation`	$323.00K	USD	1 Quarter
Depreciation	`Depreciation`	$300.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$3.03M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-994.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-658.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$116.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$117.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-46.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-33.00K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.16M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-794.00K	USD	1 Quarter
Income (Loss) from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-140.00K	USD	1 Quarter
Income (Loss) from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$83.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-934.00K	USD	1 Quarter
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-221.00K	USD	1 Quarter
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-206.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-868.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-713.00K	USD	1 Quarter
Loss from Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	1 Quarter
Loss from Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Income (Loss) from Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Income (Loss) from Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-513.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.45M	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$48.00K	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$74.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$700.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.50M	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$522.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$424.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-1.32M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$176.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-411.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$83.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$766.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$458.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$683.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$766.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$458.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$683.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
Cash paid during the period for interest:	`InterestPaidNet`	$5.00K	USD	1 Quarter
Cash paid during the period for interest:	`InterestPaidNet`	$14.00K	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$22.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.84M	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$911.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.05M	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$424.00K	USD	1 Quarter
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$522.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-221.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-206.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-934.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$22.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.84M	USD	Point-in-time
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-221.00K	USD	1 Quarter
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-206.00K	USD	1 Quarter
Balance (in shares)	`CommonStockSharesOutstanding`	19.31M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	19.35M	shares	Point-in-time

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