10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-011720`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	mlp20220331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 22 Stockholders Equity 16

Balance Sheet 70 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`	19.38M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.38M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.83M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.10M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$333.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$278.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.14M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.75M	USD	Point-in-time
PROPERTY & EQUIPMENT	`PropertyPlantAndEquipmentGross`	$51.23M	USD	Point-in-time
PROPERTY & EQUIPMENT	`PropertyPlantAndEquipmentGross`	$51.23M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.51M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.24M	USD	Point-in-time
Property & equipment, net	`PropertyPlantAndEquipmentNet`	$17.00M	USD	Point-in-time
Property & equipment, net	`PropertyPlantAndEquipmentNet`	$16.73M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.57M	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`	$1.18M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.74M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$37.92M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.23M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$580.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$774.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$949.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$591.00K	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$142.00K	USD	Point-in-time
Accrued retirement benefits, current portion	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$142.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$217.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$2.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$509.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$503.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.40M	USD	Point-in-time
Accrued retirement benefits, net of current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.94M	USD	Point-in-time
Accrued retirement benefits, net of current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.86M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$53.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$53.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$11.93M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$11.79M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$16.60M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.33M	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, 19,430,409 and 19,383,288 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$82.88M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 19,430,409 and 19,383,288 shares issued and outstanding at March 31, 2022 and December 31, 2021, 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`	$-52.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.59M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$37.92M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$40.23M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeaseLeaseIncome`	$1.80M	USD	1 Quarter
Leasing	`OperatingLeaseLeaseIncome`	$2.03M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.25M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.06M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$741.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$840.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$719.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$756.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$379.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$349.00K	USD	1 Quarter
Depreciation	`Depreciation`	$274.00K	USD	1 Quarter
Depreciation	`Depreciation`	$300.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.75M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-502.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-658.00K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$114.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$116.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-2.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-33.00K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-618.00K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-794.00K	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-140.00K	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-618.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-934.00K	USD	1 Quarter
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-156.00K	USD	1 Quarter
Pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-221.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-713.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-462.00K	USD	1 Quarter
Loss from Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.04	USD	1 Quarter
Loss from Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	1 Quarter
Loss from Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Loss from Discontinued Operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-513.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.82M	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$74.00K	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$13.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$269.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$424.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$176.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-269.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.54M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-411.00K	USD	1 Quarter
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$458.00K	USD	Point-in-time
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.60M	USD	Point-in-time
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.13M	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$458.00K	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$869.00K	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.60M	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.13M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$5.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$19.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.59M	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$767.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$911.00K	USD	1 Quarter
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$424.00K	USD	1 Quarter
Shares canceled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$269.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-156.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-221.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-618.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-934.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$19.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.59M	USD	Point-in-time

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