10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-013980`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mlp20230331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 30 Cash Flow Statement 24 Stockholders Equity 18

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	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 outstanding (in shares)	`CommonStockSharesOutstanding`	19.58M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.48M	shares	Point-in-time
common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.48M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$892.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$918.00K	USD	Point-in-time
common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.58M	shares	Point-in-time
common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.48M	shares	Point-in-time
Investments, current portion	`HeldToMaturitySecuritiesCurrent`	$2.96M	USD	Point-in-time
Investments, current portion	`HeldToMaturitySecuritiesCurrent`	$2.43M	USD	Point-in-time
common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.58M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.58M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$340.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$368.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.48M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.02M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.22M	USD	Point-in-time
PROPERTY & EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$15.88M	USD	Point-in-time
PROPERTY & EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$15.62M	USD	Point-in-time
Investments, net of current portion	`HeldToMaturitySecuritiesNoncurrent`	$551.00K	USD	Point-in-time
Investments, net of current portion	`HeldToMaturitySecuritiesNoncurrent`	$58.00K	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.57M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.57M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.19M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.18M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.31M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.41M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$589.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$650.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$869.00K	USD	Point-in-time
Payroll and employee benefits	`PayrollAndEmployeeBenefitsLiabilitiesCurrent`	$903.00K	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`	$227.00K	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$506.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$480.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$478.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.68M	USD	Point-in-time
Accrued retirement benefits, net of current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.62M	USD	Point-in-time
Accrued retirement benefits, net of current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.61M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$21.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$30.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.33M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.26M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.94M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.63M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock-- $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-- $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock--$0.0001 par value; 43,000,000 shares authorized; 19,576,304 and 19,476,671 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$84.29M	USD	Point-in-time
Common stock--$0.0001 par value; 43,000,000 shares authorized; 19,576,304 and 19,476,671 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$83.39M	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`	$-51.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.27M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.59M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$42.33M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$42.41M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Leasing	`OperatingLeaseLeaseIncome`	$2.03M	USD	1 Quarter
Leasing	`OperatingLeaseLeaseIncome`	$2.08M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.25M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.30M	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$794.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$741.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$756.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.02M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$964.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$379.00K	USD	1 Quarter
Depreciation	`Depreciation`	$274.00K	USD	1 Quarter
Depreciation	`Depreciation`	$253.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.75M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$3.67M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-1.37M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-502.00K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$129.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$114.00K	USD	1 Quarter
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$121.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-2.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-2.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-618.00K	USD	1 Quarter
Other comprehensive income - pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-82.00K	USD	1 Quarter
Other comprehensive income - pension, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-156.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.28M	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-462.00K	USD	1 Quarter
NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	1 Quarter
NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.07	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.82M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$731.00K	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$2.00K	USD	1 Quarter
Payments for property and deferred development costs	`PaymentsForPropertyAndDeferredDevelopmentCosts`	$13.00K	USD	1 Quarter
Purchases of bond investments	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	1 Quarter
Purchases of bond investments	`PaymentsToAcquireHeldToMaturitySecurities`	$426.00K	USD	1 Quarter
Maturities of bond investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	-	USD	1 Quarter
Maturities of bond investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$395.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-13.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-33.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$544.00K	USD	1 Quarter
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$269.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-269.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-544.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$154.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.54M	USD	1 Quarter
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.60M	USD	Point-in-time
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.51M	USD	Point-in-time
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.66M	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`	$5.60M	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.51M	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.66M	USD	Point-in-time
CASH AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.13M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$33.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.77M	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`	$967.00K	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$474.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$269.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$544.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-82.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-156.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-618.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$33.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.77M	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.