portion 1,485 1,550
Deferred revenue, net
of current portion 1,267 1,367
Deposits 1,952 2,108
Line of credit 3,000 -
Long-term debt 189 -
Other noncurrent
liabilities 27 14
---- --------------- ---------------
Total long-term
liabilities 7,920 5,039
---- --------------- ---------------
TOTAL LIABILITIES 11,926 7,519
---- --------------- ---------------
COMMITMENTS AND
CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred
stock--$0.0001 par
value; 5,000,000
shares authorized;
no shares issued and
outstanding - -
Common stock--$0.0001
par value;
43,000,000 shares
authorized;
19,657,407 and
19,615,350 shares
issued and
outstanding at
September 30, 2024
and December 31,
2023, respectively 85,758 84,680
Additional
paid-in-capital 14,026 10,538
Accumulated deficit (59,101) (53,617)
Accumulated other
comprehensive loss (6,693) (6,897)
---- --------------- ---------------
Total
stockholders'
equity 33,990 34,704
---- --------------- ---------------
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY $ 45,916 $ 42,223
==== =============== ===============
MAUI LAND & PINEAPPLE COMPANY, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION
(NON-GAAP) UNAUDITED
Nine months ended
September 30,
--------------------------------------
2024 2023
---------------- ----------------
(In thousands except per share
amounts)
NET LOSS $ (5,484) $ (3,673)
Non-cash income and expenses
Interest expense 5 5
Depreciation 531 683
Amortization of licensing
fee revenue (100) (100)
Share-based compensation
Vesting of Incentive
Stock for former CEO and
VP upon separation - 730
Vesting of Stock Options
granted to Board Chair
and Directors 2,890 915
Vesting of Stock
Compensation granted to
Board Chair and
Directors 426 478
Vesting of Stock Options
granted to CEO 599
Vesting of employee
Incentive Stock 761 349
Pension and other
post-retirement expenses 234 364
------------ ------------
ADJUSTED EBITDA (LOSS) $ (138) $ (249)
============ ============
September 30, December 31,
2024 2023
(unaudited) (audited)
--------------- --------------
(in thousands)
CASH AND INVESTMENTS CONVERTIBLE TO
CASH
Cash and cash equivalents $ 6,138 $ 5,700
Investments, current portion 2,982 2,671
Investments, noncurrent portion 119 464
TOTAL CASH AND INVESTMENTS
CONVERTIBLE TO CASH $ 9,239 $ 8,835
=== ========== ==========
(END) Dow Jones Newswires
November 14, 2024 19:44 ET (00:44 GMT)