10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001437749-22-004848`
Period End Date	20211231
Filing Date	20220301
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	mlp20211231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 42 Cash Flow Statement 58 Stockholders Equity 20

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
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`	19.31M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.38M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.38M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.31M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$869.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.36M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$333.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.14M	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`	$10.18M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Land	`Land`	$5.06M	USD	Point-in-time
Land improvements	`LandImprovements`	$12.94M	USD	Point-in-time
Land improvements	`LandImprovements`	$12.94M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.46M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$22.87M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.48M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.36M	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentGross`	$51.23M	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentGross`	$51.96M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.24M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.45M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$18.51M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$17.00M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.90M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.56M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.18M	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`	$10.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$37.92M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.47M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$899.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$580.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$949.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$970.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	-	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$200.00K	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$165.00K	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$142.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$260.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$217.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$453.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$509.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.95M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.40M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.93M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.94M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$83.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$53.00K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$15.46M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.93M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$18.40M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.33M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,383,288 and 19,311,528 shares issued and outstanding at December 31, 2021 and 2020, respectively	`CommonStockValue`	$81.48M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 19,383,288 and 19,311,528 shares issued and outstanding at December 31, 2021 and 2020, respectively	`CommonStockValue`	$82.38M	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`	$-52.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$20.07M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$23.59M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$22.69M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$37.92M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$38.47M	USD	Point-in-time

Income Statement 42 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`	$8.10M	USD	Annual
Leasing	`OperatingLeaseLeaseIncome`	$5.95M	USD	Annual
Total Operating Revenues	`Revenues`	$12.44M	USD	Annual
Total Operating Revenues	`Revenues`	$7.54M	USD	Annual
Leasing	`CostOfGoodsSoldLease`	$3.50M	USD	Annual
Leasing	`CostOfGoodsSoldLease`	$2.93M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.44M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.57M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.63M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.45M	USD	Annual
Depreciation	`Depreciation`	$1.19M	USD	Annual
Depreciation	`Depreciation`	$1.29M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$10.09M	USD	Annual
Total Operating Costs and Expenses	`OperatingCostsAndExpenses`	$10.81M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$1.64M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-2.55M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$894.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$13.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$475.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$4.73M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-134.00K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-122.00K	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-2.27M	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-3.20M	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`	$-216.00K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-3.42M	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`	$-6.05M	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$2.63M	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-3.50M	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.12	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.17	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	Annual
Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	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`	$13.39M	USD	Annual
Cash receipts from customers and other receipts	`ProceedsFromCoreOperatingActivities`	$12.68M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$8.77M	USD	Annual
Cash paid to vendors	`PaymentsToSuppliers`	$10.41M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.59M	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`	$9.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.39M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.20M	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$29.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$81.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$4.20M	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$436.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$74.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$4.10M	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-517.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.40M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.23M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$800.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$662.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$560.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-760.00K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$186.00K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.73M	USD	Annual
CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.60M	USD	Point-in-time
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 END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.60M	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
Net loss	`NetIncomeLoss`	$-3.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.30M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.40M	USD	Annual
Bad debt provision	`ProvisionForDoubtfulAccounts`	$68.00K	USD	Annual
Bad debt provision	`ProvisionForDoubtfulAccounts`	$199.00K	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`	$40.00K	USD	Annual
Loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposal of property	`GainLossOnSaleOfPropertyPlantEquipment`	$-29.00K	USD	Annual
Cost of real estate sales	`RealEstateSalesCosts`	-	USD	Annual
Cost of real estate sales	`RealEstateSalesCosts`	$324.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-191.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$388.00K	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$3.04M	USD	Annual
Retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$324.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-457.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-319.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$570.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.85M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.39M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.20M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.69M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$705.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$676.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$865.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$748.00K	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$662.00K	USD	Annual
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$560.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$900.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-6.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$900.00K	USD	Annual
Other comprehensive income-pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-6.05M	USD	Annual
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.59M	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.