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)