0000892626-22-000023.txt : 20220512 0000892626-22-000023.hdr.sgml : 20220512 20220512150100 ACCESSION NUMBER: 0000892626-22-000023 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220512 DATE AS OF CHANGE: 20220512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAANAPALI LAND LLC CENTRAL INDEX KEY: 0001230058 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 010731997 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-50273 FILM NUMBER: 22917329 BUSINESS ADDRESS: STREET 1: C/O JMB REALTY CORP STREET 2: 900 NORTH MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 312-915-1987 MAIL ADDRESS: STREET 1: 900 NORTH MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60611 10-Q 1 kaa10q-20220331.htm KAANAPALI LAND - FORM 10-Q - 3/31/2022

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[ X ] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2022

[ ] Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _______ to __________

Commission file 0-50273

KAANAPALI LAND, LLC

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction

of incorporation or organization)

01-0731997

(I.R.S. Employer Identification No.)

900 N. Michigan Ave., Chicago, Illinois

(Address of principal executive office)

60611

(Zip Code)

Registrant's telephone number, including area code: 312-915-1987

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading Symbol(s)

Name of each exchange

on which registered

N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") during the preceding 12 months (or for such a shorter period that registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [ X ] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [ X ] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company", and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ]	Smaller reporting company	[ X ]
		Emerging growth company	[ ]

(table of contents)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [ X ]

As of May 12, 2022, the registrant had 1,792,613 shares of Common Shares and 52,000 Class C Shares outstanding.

(table of contents)

TABLE OF CONTENTS

Part I FINANCIAL INFORMATION

Item 1.	Condensed Consolidated Financial Statements (unaudited)	4

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Item 3.	Quantitative and Qualitative Disclosures About Market Risks	26

Item 4.	Controls and Procedures	26

Part II OTHER INFORMATION

Item 1.	Legal Proceedings	27

Item 1A.	Risk Factors	27

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	27

Item 3.	Defaults Upon Senior Securities	27

Item 4.	Mine Safety Disclosures	27

Item 5.	Other Information	27

Item 6.	Exhibits	28

SIGNATURES		29

(table of contents)

Part I. Financial Information

Item 1. Condensed Consolidated Financial Statements

KAANAPALI LAND, LLC

Condensed Consolidated Balance Sheets

March 31, 2022 and December 31, 2021

(Dollars in Thousands, except share data)

(Unaudited)


	March 31, 2022		December 31, 2021
Assets
Cash and cash equivalents	$	20,340	$	16,997
Restricted cash		927		840
Property, net		59,109		62,091
Pension plan assets		19,896		19,946
Other assets		2,869		7,322
Total assets	$	103,141	$	107,196

Liabilities
Accounts payable and accrued expenses	$	521	$	365
Deposits and deferred gains		1,731		1,737
Deferred income taxes		10,770		9,927
Other liabilities		7,413		14,958

Total liabilities		20,435		26,987

Commitments and contingencies (Note 7)

Equity
Common equity, at 3/31/22 and 12/31/21 (Shares authorized – unlimited; shares issued and outstanding – 1,792,613 common shares and 52,000 Class C shares)		--		--
Additional paid-in capital		5,471		5,471
Accumulated other comprehensive income (loss), net of tax		2,285		2,298
Accumulated earnings		74,090		71,698

Stockholders’ equity		81,846		79,467

Non-controlling interests		860		742

Total equity		82,706		80,209

Total liabilities and stockholders’ equity	$	103,141	$	107,196

The accompanying notes are an integral part of the condensed consolidated financial statements.

(table of contents)

KAANAPALI LAND, LLC

Condensed Consolidated Statements of Operations

Three Months Ended March 31, 2022 and 2021

(Unaudited)

(Dollars in Thousands, except per share data)


	Three Months Ended March 31,
	2022		2021
Revenues:
Sales	$	6,008	$	741
Interest and other income		15		69
Total revenues		6,023		810
Cost and expenses:
Cost of sales		4,200		1,053
Selling, general and administrative		(1,406)		4,647
Depreciation and amortization		65		64
Total cost and expenses		2,859		5,764

Operating income (loss) before income taxes		3,164		(4,954)

Income tax benefit (expense)		(846)		1,250

Net income (loss)		2,318		(3,704)

Less: Net loss attributable to non-controlling interests		(89)		(147)

Net income (loss) attributable to shareholders	$	2,407	$	(3,557)

Net income (loss) per share – basic and diluted	$	1.30	$	(1.93)

The accompanying notes are an integral part of the condensed consolidated financial statements.

(table of contents)

KAANAPALI LAND, LLC

Condensed Consolidated Statements of Comprehensive Income (Loss)

Three Months Ended March 31, 2022 and 2021

(Unaudited)

(Dollars in Thousands)


	Three Months Ended March 31,
	2021		2020
Net income (loss)	$	2,318	$	(3,704)

Other comprehensive income:
Net unrealized (gains) losses on pension plan assets		(17)		10
Other comprehensive income, before tax		(17)		10

Income tax benefit (expense) related to items of other comprehensive income		4		(2)
Other comprehensive income, net of tax		(13)		8

Comprehensive income (loss)		2,305		(3,696)

Comprehensive loss attributable to non-controlling interests		(89)		(147)

Comprehensive income (loss) attributable to stockholders	$	2,394	$	(3,549)

The accompanying notes are an integral part of the condensed consolidated financial statements.

(table of contents)

KAANAPALI LAND, LLC

Condensed Consolidated Statements of Equity

Three Months Ended March 31, 2022 and 2021

(Unaudited)

(Dollars in Thousands)


	Three Months Ended March 31, 2022
	Common Equity		Additional Paid-In Capital		Accumu- lated (Deficit) Earnings		Accumu- lated Other Compre- hensive Income/ (Loss)		Total Stock- holders’ Equity		Non Controlling Interests		Total Equity
Balance, December 31, 2021	$	--	$	5,471	$	71,698	$	2,298	$	79,467	$	742	$	80,209

Effect of consolidat- ing Kaanapali Coffee Farms Lot Owners’ Association		--		--		(15)		--		(15)		207		192

Other comprehensive income, net of tax		--		--		--		(13)		(13)		--		(13)

Net income (loss)		--		--		2,407		--		2,407		(89)		2,318

Balance, March 31, 2022	$	--	$	5,471	$	74,090	$	2,285	$	81,846	$	860	$	82,706


	Three Months Ended March 31, 2021
	Common Equity		Additional Paid-In Capital		Accumu- lated (Deficit) Earnings		Accumu- lated Other Compre- hensive Income/ (Loss)		Total Stock- holders’ Equity		Non Controlling Interests		Total Equity
Balance, December 31, 2020	$	--	$	5,471	$	71,440	$	946	$	77,857	$	662	$	78,519

Effect of consolidat- ing Kaanapali Coffee Farms Lot Owners’ Association		--		--		3		--		3		144		147

Other comprehensive income, net of tax		--		--		--		8		8		--		8

Net loss		--		--		(3,557)		--		(3,557)		(147)		(3,704)

Balance, March 31, 2021	$	--	$	5,471	$	67,886	$	954	$	74,311	$	659	$	74,970

The accompanying notes are an integral part of the condensed consolidated financial statements.

(table of contents)

KAANAPALI LAND, LLC

Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2022 and 2021

(Unaudited)

(Dollars in Thousands)


	Three Months Ended March 31,
	2022		2021
Net cash provided by operating activities	$	3,366	$	1

Net cash used in investing activities:
Property additions		(128)		(142)
Net cash used in investing activities		(128)		(142)

Net cash provided by financing activities:
Contributions		192		147
Net cash provided by financing activities		192		147

Net increase in cash, cash equivalents and restricted cash		3,430		6
Cash, cash equivalents and restricted cash at beginning of period		17,837		18,617

Cash, cash equivalents and restricted cash at end of period	$	21,267	$	18,623

The accompanying notes are an integral part of the condensed consolidated financial statements.

(table of contents)

KAANAPALI LAND, LLC

Notes to Condensed Consolidated Financial Statements

(Unaudited)

(Dollars in Thousands)

(1) Summary of Significant Accounting Policies

Organization and Basis of Accounting

Kaanapali Land, LLC ("Kaanapali Land"), a Delaware limited liability company, is the reorganized entity resulting from the Joint Plan of Reorganization of Amfac Hawaii, LLC (now known as KLC Land Company, LLC ("KLC Land")), certain of its subsidiaries (together with KLC Land, the "KLC Debtors") and FHT Corporation ("FHTC" and, together with the KLC Debtors, the "Debtors") under Chapter 11 of the Bankruptcy Code, dated June 11, 2002 (as amended, the "Plan").

The accompanying condensed consolidated financial statements include the accounts of Kaanapali Land and all of its subsidiaries and its predecessors (collectively, the “Company”), which include KLC Land and its wholly-owned subsidiaries. The Kaanapali Coffee Farms Lot Owners’ Association is consolidated into the accompanying condensed consolidated financial statements. The interests of third-party owners are reflected as non-controlling interests. All significant intercompany transactions and balances have been eliminated in consolidation.

The Company's continuing operations are in two business segments - Agriculture and Property. The Agriculture segment remains engaged in farming, harvesting and milling operations relating to coffee orchards on behalf of the applicable land owners. The Company also cultivates, harvests and sells bananas and citrus fruits and engages in certain ranching operations. The Property segment primarily develops land for sale and negotiates bulk sales of undeveloped land. The Property and Agriculture segments operate exclusively in the State of Hawaii.

The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, and therefore, should be read in conjunction with the Company's Annual Report on Form 10-K (File No. 0-50273) for the year ended December 31, 2021. Capitalized terms used but not defined in this quarterly report have the same meanings as in the Company's 2021 Annual Report on Form 10-K.

Property

The Company's significant property holdings are on the island of Maui consisting of approximately 3,900 acres, of which approximately 1,500 acres are classified as conservation land which precludes development. The Company has determined, based on its current projections for the development and/or disposition of its property holdings, that the property holdings are not currently recorded in an amount in excess of proceeds that the Company expects that it will ultimately obtain from the operation and disposition thereof.

(table of contents)

Inventory of land held for sale, of approximately $0 and $3,045, representing Kaanapali Coffee Farms, is included in Property, net in the consolidated balance sheets at March 31, 2022 and December 31, 2021, respectively, and is carried at the lower of cost or fair market value, less costs to sell, which is based on current and foreseeable market conditions, discussions with real estate brokers and review of historical land sale activity (level 2 and 3). Land held for sale is recognized in the Property Segment as disclosed in Note 9 Business Segment Information. Land is currently utilized for commercial specialty coffee farming operations which also support the Company's land development program, as well as, farming bananas, citrus and other farm products and ranching operations. Additionally, miscellaneous parcels of land have been leased or licensed to third parties on a short term basis.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be achieved in future periods.

Cash and Cash Equivalents

The Company considers as cash equivalents all investments with maturities of three months or less when purchased. Included in this balance as of March 31, 2022 is a money market fund for $8,400 that is considered to be a Level 1 investment. The Company’s cash balances are maintained primarily in two financial institutions. Restricted cash represents cash held by the Kaanapali Coffee Farms Lot Owners’ Association. Such balances significantly exceed the Federal Deposit Insurance Corporation insurance limits. Management does not believe the Company is exposed to significant risk of loss on cash and cash equivalents or restricted cash.

Revenue Recognition

Revenue from real property sales is recognized at the time of closing when control of the property transfers to the customer. After closing of the sale transaction, the Company has no remaining performance obligation.

Other revenues are recognized when control of goods or services transfers to the customers, in the amount that the Company expects to receive for the transfer of goods or provision of services.

Revenue recognition standards require entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange. The revenue recognition standards have implications for all revenues, excluding those that are under the specific scope of other accounting standards.

(table of contents)

The Company’s revenues that were subject to revenue recognition standards for the three months ended March 31, 2022 and 2021 were as follows (in thousands):


	Three Months Ended March 31,
	2022		2021
Sales of real estate	$	4,750	$	--
Coffee and other crop sales		971		527
Total	$	5,721	$	527

The revenue recognition standards require the use of a five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.

Lease Accounting

In February 2016, the Financial Accounting Standards Board (“FASB”) updated Accounting Standards Codification (“ASC”) Topic 842 Leases (ASU 2016-02). Accounting Standards Update (“ASU”) 2016-02 requires lessees to record operating and financing leases as assets and liabilities on the balance sheet and lessors to expense costs that are not direct leasing costs. Subsequently, the FASB issued additional ASUs that further clarified the original ASU. The ASUs became effective for the Company on January 1, 2019. Upon adoption of the lease ASUs, the Company elected the practical expedients allowable under the ASUs, which included the optional transition method permitting January 1, 2019 to be its initial application date. The adoption of this guidance did not result in an adjustment to retained earnings. Additionally, the Company elected the package of practical expedients, which permits the Company not to reassess expired or existing contracts continuing a lease, the lease classification for expired or existing contracts, and initial direct costs for any existing leases. Further, the Company elected the practical expedient regarding short-term leases, which allows lessees to elect not to apply the balance sheet recognition requirements in ASC 842 to short-term leases. Finally, under ASC 842, lessors are required to continually assess collectability of lessee payments, and, if operating lease payments are not probable of collection, to only recognize into income the lesser of (i) straight-line rental income or (ii) lease payments received to date. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

The Company’s lease arrangements, both as lessor and as lessee, are short-term leases. The Company leases land to tenants under operating leases, and the Company leases property, primarily office and storage space, from lessors under operating leases. During the three months ended March 31, 2022 and 2021, the Company recognized $262 and $181, respectively, of lease income, substantially comprised of non-variable lease payments. During the three months ended March 31, 2022 and 2021, the Company recognized $19 and $16, respectively, of lease expense, substantially comprised of non-variable lease payments.

(table of contents)

Recently Issued Accounting Pronouncements

In June 2016, FASB updated ASC Topic 326 Financial Instruments – Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. ASU 2016-13 is effective for annual periods beginning after December 15, 2019 for public companies except for smaller reporting companies whose effective date will be periods beginning after December 15, 2022. While the Company is currently evaluating the effect that implementation of this update will have on its condensed consolidated financial statements, no significant impact is anticipated.

In March 2020, FASB issued ASU 2020-04, Reference Rate Reform (ASU 2020-04) which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuance of LIBOR or another referenced rate. ASU 2020-04 is effective for fiscal years beginning after December 31, 2022. While the Company is currently evaluating the effect that the implementation of this guidance will have on its condensed consolidated financial statements, no significant impact is anticipated.

(2) Land Development

During the first quarter of 2006, the Company received final subdivision approval on an approximate 336 acre parcel in the region "mauka" (toward the mountains) from the main highway serving the area. This project, called Kaanapali Coffee Farms, originally consisted of 51 agricultural lots, offered to individual buyers. During the second quarter of 2021, the Company converted an approximate 55 acre cultural resources lot to an agricultural lot. The Company closed on the sale of this lot on March 22, 2022. The purchase price was $5,000, paid in cash at closing. As of March 31, 2022, the Company has sold all the lots at Kaanapali Coffee Farms including one lot in December 2021 and one in March 2022.

In September 2014, Kaanapali Land Management Corp. (“KLMC”), pursuant to a property and option purchase agreement with an unrelated third party, closed on the sale of an approximate 14.9 acre parcel in West Maui. The purchase price was $3,300, paid in cash at closing. The agreement (as subsequently amended) commits KLMC to fund up to $583, depending on various factors, for off-site roadway, sewer and electrical improvements that will also provide service to other KLMC properties. Although certain off-site construction has begun at the site, the commitment remains outstanding as construction of such improvements does not yet trigger such funding. The 14.9 acre site is intended to be used for a critical access hospital, skilled nursing facility, assisted living facility, and independent living facility.

(3) Mortgage Note Payable

Certain subsidiaries of Kaanapali Land are jointly indebted to Kaanapali Land pursuant to a certain Secured Promissory Note in the principal amount of $70,000 dated November 14, 2002, and due September 30, 2029, as extended. Such note had an outstanding balance of principal and accrued interest as of March 31, 2022 and December 31, 2021 of $89,940 and $90,565, respectively. The interest rate currently is 0.39% per annum and compounds semi-annually. The note, which is prepayable, is secured by substantially all of the remaining real property owned by such subsidiaries, pursuant to a certain Mortgage, Security Agreement and Financing Statement, dated as of November 14, 2002 and placed on record in December 2002. The note has been eliminated in the condensed consolidated financial statements because the obligors are consolidated subsidiaries of Kaanapali Land.

(table of contents)

(4) Employee Benefit Plans

The Company participates in a defined benefit pension plan that covers substantially all its eligible employees. The Pension Plan is sponsored and maintained by Kaanapali Land in conjunction with other plans providing benefits to employees of Kaanapali Land and its affiliates.

The Company’s Pension Plan has excess assets of approximately $20 million. On January 15, 2022, Pacific Trail Holdings LLC, the manager of the Company, adopted a plan to freeze the benefit accruals under and close participation in the Pension Plan and terminate the Pension Plan on or about June 1, 2022. Effective February 7, 2022, the Level 1 and Level 2 plan asset investments were reallocated to a money market fund. Benefit accruals were frozen on March 31, 2022. The Company recognized a curtailment gain of $12 qas of January 31, 0222 in the consolidated financial statements at March 31, 2022. After distribution of Pension Plan benefits to participants, remaining surplus Pension Plan assets are expected to be distributed from the Pension Plan in accordance with the requirements of the Internal Revenue Code of 1986 (as amended) by certain regulatory deadlines.

The components of the net periodic pension benefit (credit), included in selling, general and administrative in the Company’s condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021 are as follows:


	Three Months Ended March 31,
	2022		2021
Service cost	$	110	$	70
Interest cost		1		2
Expected return on plan assets		(61)		(230)
Recognized net actuarial (gain) loss		(5)		10
Curtailment (gain) loss		(12)		--
Net periodic pension cost (credit)	$	33	$	(148)

The Company recognizes the over funded or under funded status of its employee benefit plans as an asset or liability in its statement of financial position and recognizes changes in its funded status in the year in which the changes occur through comprehensive income. Included in accumulated other comprehensive income at March 31, 2022 and December 31, 2021 are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service costs of $0 and $0, respectively, and unrecognized actuarial gain of $3,089 ($2,286, net of tax) and $3,106 ($2,298, net of tax), respectively. The prior service cost, curtailment gain and actuarial gain recognized in net periodic pension credit for the three months ending March 31, 2022 are $0, $12 ($9 net of tax) and $5 ($4 net of tax), respectively.

The Company maintains a nonqualified deferred compensation arrangement (the "Rabbi Trust") which provides certain former directors of Amfac and their spouses with pension benefits. The deferred compensation liability of $356 is included in Other liabilities in the Company's condensed consolidated balance sheet as of March 31, 2022.

(table of contents)

(5) Income Taxes

The statutes of limitations with respect to the Company's taxes for 2018 and more recent years remain open to examinations by tax authorities, subject to possible utilization of loss carryforwards from earlier years. Notwithstanding the foregoing, all net operating losses (“NOL”) generated and not yet utilized are subject to adjustment by the IRS. The Company believes adequate provisions for income tax have been recorded for all years, although there can be no assurance that such provisions will be adequate. To the extent that there is a shortfall, any such shortfall for which the Company could be liable could be material.

The Tax Cuts and Jobs Act (the “Act”) repealed the corporate AMT and provided that prior AMT credits would be refundable. Any remaining AMT credit amount became refundable incrementally from 2018 through 2021. The CARES Act accelerated the refund schedule, enabling the Company to claim the refund in full. In February and July 2021, the Company received $1,483 and $1,486, respectively, including interest, of the refundable tax credit from the Internal Revenue Service.

The Act is a comprehensive tax reform bill containing a number of other provisions that either currently or in the future could impact the Company, particularly the effect of certain limitations effective for the tax year 2018 and forward (prior losses remain subject to the prior 20 year carryover period) on the use of federal NOL carryforwards which will generally be limited to being used to offset 80% of future annual taxable income.

(6) Transactions with Affiliates

An affiliated insurance agency, JMB Insurance Agency, Inc., which has some degree of common ownership with the Company, earns insurance brokerage commissions in connection with providing the placement of insurance coverage for certain of the properties and operations of the Company. Such commissions are believed by management to be comparable to those that would be paid to unaffiliated third parties. No such commissions were paid for the three months ended March 31, 2022 and 2021.

The Company reimburses its affiliates for general overhead expense and for direct expenses incurred on its behalf, including salaries and salary-related expenses incurred in connection with the management of the Company's operations. Generally, the entity that employs the person providing the services receives the reimbursement. Substantially all of such reimbursable amounts were incurred by JMB Realty Corporation or its affiliates, 900FMS, LLC, 900Work, LLC, and JMB Financial Advisors, LLC, all of which have some degree of common ownership with the Company. The total costs recorded in cost of sales and selling, general and administrative expenses in the condensed consolidated statement of operations for the three months ended March 31, 2022 and 2021 were $370 and $368, respectively, of which $28 was unpaid as of March 31, 2022.

The Company derives revenue from farming and common area maintenance services and for providing non-potable water to the Kaanapali Coffee Farms Lot Owners Association (“LOA”). The LOA is the association of the owners of the Kaanapali Coffee Farms. The revenues were $313 and $323 for the three months ended March 31, 2022 and 2021. Such revenue is recognized in the Agriculture Segment as disclosed in Note 9 Business Segment Information. The revenue amounts have been eliminated in the condensed consolidated financial statements.

(table of contents)

(7) Commitments and Contingencies

At March 31, 2022, the Company has no principal contractual obligations related to the land improvements in conjunction with Phase I of the Kaanapali Coffee Farms project.

Material legal proceedings of the Company are described below. Unless otherwise noted, the parties adverse to the Company in the legal proceedings described below have not made a claim for damages in a liquidated amount and/or the Company believes that it would be speculative to attempt to determine the Company's exposure relative thereto, and as a consequence believes that an estimate of the range of potential loss cannot be made.

Two former subsidiaries, Oahu Sugar Company, LLC (“Oahu Sugar”) and D/C Distribution Corporation (“D/C”), filed petitions for liquidation under Chapter 7 of the Bankruptcy Code in April 2005 and July 2007, respectively, as described below. On December 17, 2019, the Oahu Sugar bankruptcy case was closed. As a consequence of the Chapter 7 filing, D/C has not been under control of the Company since the bankruptcy filing.

As a result of an administrative order issued to Oahu Sugar by the Hawaii Department of Health (“HDOH”), Order No. CH 98-001, dated January 27, 1998, Oahu Sugar engaged in environmental site assessment of lands it leased from the U.S. Navy and located on the Waipio Peninsula. Oahu Sugar submitted a Remedial Investigation Report to the HDOH. The HDOH provided comments that indicated that additional testing may be required. Oahu Sugar responded to these comments with additional information. On January 9, 2004, the Environmental Protection Agency (“EPA”) issued a request to Oahu Sugar seeking information related to the actual or threatened release of hazardous substances, pollutants and contaminants at the Waipio Peninsula portion of the Pearl Harbor Naval Complex National Priorities List Superfund Site. The request sought, among other things, information relating to the ability of Oahu Sugar to pay for or perform a cleanup of the land formerly occupied by Oahu Sugar. Oahu Sugar responded to the information requests and notified both the Navy and EPA that while it had some modest remaining cash that it could contribute to further investigation and remediation efforts in connection with an overall settlement of the outstanding claims, Oahu Sugar was substantially without assets and would be unable to make a significant contribution to such an effort. Attempts at negotiating such a settlement were fruitless and Oahu Sugar received an order from EPA in March 2005 that purported to require certain testing and remediation of the site. As Oahu Sugar was substantially without assets, the pursuit of any action, informational, enforcement, or otherwise, would have had a material adverse effect on the financial condition of Oahu Sugar.

Therefore, as a result of the pursuit of further action by the HDOH and EPA as described above and the immediate material adverse effect that the actions had on the financial condition of Oahu Sugar, Oahu Sugar filed with the United States Bankruptcy Court, Northern District of Illinois, Eastern Division in April 2005, its voluntary petition for liquidation under Chapter 7 of Title 11, United States Bankruptcy Code. Such filing was not expected to have a material adverse effect on the Company as Oahu Sugar was substantially without assets at the time of the filing. While it was not believed that any other affiliates had any responsibility for the debts of Oahu Sugar, EPA made a claim against Kaanapali Land as further described below.

(table of contents)

Prior to the claims filing deadline, Kaanapali Land, on behalf of itself and certain subsidiaries, filed claims that aggregated approximately $224,000, primarily relating to unpaid guarantee obligations made by Oahu Sugar that were assigned to Kaanapali Land pursuant to the Plan on the Plan Effective Date. In addition, EPA and the U.S. Navy filed a joint proof of claim that sought to recover certain environmental response costs relative to the Waipio Peninsula site discussed above. The proof of claim contained a demand for previously spent costs in the amount of approximately $260, and additional anticipated response costs of between approximately $2,760 and $11,450. No specific justification of these costs, or what they are purported to represent, was included in the EPA/Navy proof of claim. There was an insignificant amount of assets remaining in the debtor's estate and it was unclear whether the United States Trustee who took control of Oahu Sugar was going to take any action to contest the EPA/Navy claim, or how it was going to reconcile such claim for the purpose of distributing any remaining assets of Oahu Sugar. Counsel for the trustee, EPA, the Navy, and for Fireman’s Fund, one of Kaanapali Land’s insurers, explored ways in which to conclude the Oahu Sugar bankruptcy. On December 16, 2019, the Oahu Sugar bankruptcy trustee filed its final accounting with no distribution to claimants. On December 17, 2019, the Oahu Sugar bankruptcy case was closed and the trustee was discharged.

With regard to the alleged Waipio Penisula alleged environmental issues, EPA sent three requests for information to Kaanapali Land regarding, among other things, Kaanapali Land's organization and relationship, if any, to entities that may have, historically, operated on the site and with respect to operations conducted on the Waipio site. Kaanapali Land responded to these requests for information. By letter dated February 7, 2007, pursuant to an allegation that Kaanapali Land was a successor to Oahu Sugar Company, Limited, a company that operated at the site prior to 1961 ("Old Oahu"), EPA advised Kaanapali that it believed it was authorized by the Comprehensive Environmental Response Compensation and Liability Act (“CERCLA”) to amend the existing Unilateral Administrative Order against Oahu Sugar Company, LLC, for the cleanup of the site to include Kaanapali Land as an additional respondent. The purported basis for EPA's position was that Kaanapali Land, by virtue of certain corporate actions, was jointly and severally responsible for the performance of the response actions, including, without limitation, clean-up at the site. No such amendment was made. Instead, after a series of discussions between Kaanapali and EPA, on or about September 30, 2009, EPA issued a Unilateral Administrative Order to Kaanapali Land for the performance of work in support of a removal action at the former Oahu Sugar pesticide mixing site located on Waipio peninsula. The work consisted of the performance of soil and groundwater sampling and analysis, a topographic survey, and the preparation of an engineering evaluation and cost analysis of potential removal actions to abate an alleged "imminent and substantial endangerment" to public health, welfare or the environment. The order appeared to be further predicated primarily on the alleged connection of Kaanapali Land to Old Oahu and its activities on the site. Kaanapali Land engaged in performing work, including the conduct of sampling at the site, required by the order while reserving its rights to contest liability regarding the site. With regard to liability for the site, Kaanapali Land believed that its liability, if any, should have related solely to a portion of the period of operation of Old Oahu at the site, although in some circumstances CERCLA apparently permits imposition of joint and several liability, which can exceed a responsible party's equitable share. Kaanapali Land believed that the U.S. Navy bore substantial liability for the site by virtue of its ownership of the site throughout the entire relevant period, both as landlord under its various leases with Oahu Sugar and Old Oahu and by operating and intensively utilizing the site directly during a period when no lease was in force. The Company believed that the cost of the work as set forth in the pending order would not have been material to the Company as a whole; however, in the event that EPA were to issue an order requiring remediation of the site, the Company gave no assurances that the cost of said remediation would not ultimately have a material adverse effect on the Company. In addition, the Company believed that if there were litigation regarding the site, there could be no assurances that the cost of such litigation would not be material or that such litigation would result in a judgment in favor of the Company. Kaanapali and the EPA exchanged comments

(table of contents)

relative to further studies to be performed at the site, including a possible ecological risk assessment. After years of performing work at the site, the parties engaged in discussions to resolve the matter. The matter was ultimately resolved pursuant to the Consent Decree set forth below.

On February 11, 2015, the Company filed a complaint for declaratory judgment, bad faith and damages against Fireman’s Fund Insurance Company (“Fireman’s Fund”) in the Circuit Court of the First Circuit, State of Hawaii, Civil No. 15-1-0239-02, in connection with costs and expenses it might incur in connection with the Waipio site. In the five-count complaint, the Company sought, among other things, a declaratory judgment of its rights under various Fireman’s Fund policies and an order that Fireman’s Fund defend and indemnify Kaanapali Land from all past, present and future costs and expenses in connection with the site, including costs of investigation and defense incurred by Kaanapali and the professionals it has engaged. In addition, Kaanapali sought general, special, and punitive damages, prejudgment and post judgment interest, and such other legal or equitable relief as the court deems just and proper. Fireman’s Fund has filed a responsive pleading. This litigation was settled and dismissed with prejudice pursuant to an agreement between Fireman’s Fund and the Company dated on or about November 24, 2021 (“Insurance Settlement”). The dismissal order was entered on March 31, 2022.

Under the Insurance Settlement Fireman’s Fund paid $6,800 into an escrow that was used to fund the Consent Decree, described below, that was entered into with various federal agencies. The $6,800 was included as a reduction of Selling, general and administrative expenses on the Company’s Consolidated Statement of Operations for the year ended December 31, 2021. The insurance recovery caused the total Selling, general and administrative expense for the year ended December 31, 2021 to be a negative expense. That Consent Decree, entered by United States District Court for the District of Hawaii (the “Court”), and as more fully described below, resolved certain environmental claims against the Company with respect to the former mixing site on Waipio Peninsula on Oahu in Hawaii (the “Mixing Site”). After the Consent Decree was entered and finally approved by the Court in the form initially submitted by the Company and the federal government, the escrowed funds plus interest were paid to the Environmental Protection Agency on March 3, 2022 to fund the settlement that is the subject of the Consent Decree. The Insurance Settlement provided, among other terms and conditions, mutual releases of Claims for coverage for Environmental Claims at the Mixing Site under known and unknown Fireman’s Fund insurance policies.

On April 16, 2021, the U.S. Department of Justice and the U.S. Environmental Protection Agency, on behalf of various federal agencies of the United States of America, executed a Consent Decree with Kaanapali Land, LLC, a Delaware limited liability company (the “Company”) that, if entered by the U.S. District Court sitting in the District of Hawaii, United States of America v. Kaanapali Land, and Oahu Sugar Company, LLC Case No. 1:21-CV-00190, resolved the U.S. federal government’s current environmental claims against the Company with respect to contamination at the former mixing site on Waipio Peninsula on Oahu in Hawaii that had been leased by Oahu Sugar Company LLC, a former subsidiary of the Company. In return for payments by the Company totaling $7,500, the Consent Decree resolved liability asserted by the U.S. government against the Company under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) as well as under the Clean Water Act, both for response costs (those costs expended for investigation and cleanup) and for natural resource damages. The U.S. District Court in Hawaii entered an Order approving the Consent Decree on February 11, 2022 and payment of the settlement amount was received by the government on March 3, 2022.

(table of contents)

Kaanapali Land, as successor by merger to other entities, and D/C have been named as defendants in personal injury actions allegedly based on exposure to asbestos. While there are relatively few cases that name Kaanapali Land, there were a substantial number of cases that were pending against D/C on the U.S. mainland (primarily in California). Cases against Kaanapali Land (hereafter, “Kaanapali Land asbestos cases”) are allegedly based on its prior business operations in Hawaii and cases against D/C are allegedly based on sale of asbestos-containing products by D/C's prior distribution business operations primarily in California. Each entity defending these cases believes that it has meritorious defenses against these actions, but can give no assurances as to the ultimate outcome of these cases. The defense of these cases had a material adverse effect on the financial condition of D/C as it has been forced to file a voluntary petition for liquidation as discussed below. Kaanapali Land does not believe that it has liability, directly or indirectly, for D/C's obligations in those cases. Kaanapali Land does not presently believe that the cases in which it is named will result in any material liability to Kaanapali Land; however, there can be no assurance in that regard.

On February 12, 2014, counsel for Fireman’s Fund, the carrier that has been paying defense costs and settlements for the Kaanapali Land asbestos cases, stated that it would no longer pay settlements or judgments in the Kaanapali Land asbestos cases due to then pending D/C and Oahu Sugar bankruptcies. In its communications with Kaanapali Land, Fireman’s fund expressed its view that the automatic stay in effect in the D/C bankruptcy case barred Fireman’s Fund from making any payments to resolve the Kaanapali Land asbestos claims because D/C Distribution was also alleging a right to coverage under those policies for asbestos claims against it. However, in the interim, Fireman’s Fund advised that it intended to continue to pay defense costs for those cases, subject to whatever reservations of rights that might be in effect and subject further to the policy terms. Fireman’s Fund also indicated that to the extent that Kaanapali Land cooperated with Fireman’s Fund in addressing settlement of the Kaanapali Land asbestos cases through coordination with its adjusters, it was Fireman’s Fund’s intention to reimburse any such payments by Kaanapali Land, subject, among other things, to the terms of any lift-stay order, the limits and other terms and conditions of the policies, and prior approval of the settlements. Kaanapali Land and Fireman’s Fund entered into a settlement agreement on or about November 24, 2021 whereby Fireman’s Fund paid $2,441 for certain listed Kaanapali Land asbestos cases upon a Final Order of the D/C bankruptcy court lifting the automatic stay to allow the payments. The D/C court issued the lift-stay order on March 1, 2022. On April 12, 2022, the Company received $2,441 as reimbursement for the various settlements Kaanapali made that were subject to the lift-stay order of March 1, 2022. The $2,441 was included as a reduction of Selling, general and administrative expenses on the Company’s Consolidated Statement of Operations for the three months ended March 31, 2022. The insurance recovery caused the total Selling, general and administrative expense for the three months ended March 31, 2022 to be a negative expense.

On February 15, 2005, D/C was served with a lawsuit entitled American & Foreign Insurance Company v. D/C Distribution and Amfac Corporation, Case No. 04433669 filed in the Superior Court of the State of California for the County of San Francisco, Central Justice Center. No other purported party was served. In the eight-count complaint for declaratory relief, reimbursement and recoupment of unspecified amounts, costs and for such other relief as the court might grant, plaintiff alleged that it is an insurance company to whom D/C tendered for defense and indemnity various personal injury lawsuits allegedly based on exposure to asbestos containing products. Plaintiff alleged that because none of the parties have been able to produce a copy of the policy or policies in question, a judicial determination of the material terms of the missing policy or policies is needed. Plaintiff sought, among other things, a declaration: of the material terms, rights, and obligations of the parties under the terms of the policy or policies; that the policies were exhausted; that plaintiff is not obligated to reimburse D/C for its attorneys' fees in that the amounts of attorneys' fees incurred by D/C have been incurred unreasonably; that plaintiff was entitled to recoupment and reimbursement of some or all of

(table of contents)

the amounts it has paid for defense and/or indemnity; and that D/C breached its obligation of cooperation with plaintiff. D/C filed an answer and an amended cross-claim. D/C believed that it had meritorious defenses and positions, and intended to vigorously defend. In addition, D/C believed that it was entitled to amounts from plaintiffs for reimbursement and recoupment of amounts expended by D/C on the lawsuits previously tendered. In order to fund such action and its other ongoing obligations while such lawsuit continued, D/C entered into a Loan Agreement and Security Agreement with Kaanapali Land, in August 2006, whereby Kaanapali Land provided certain advances against a promissory note delivered by D/C in return for a security interest in any D/C insurance policy at issue in this lawsuit. In June 2007, the parties settled this lawsuit with payment by plaintiffs in the amount of $1,618. Such settlement amount was paid to Kaanapali Land in partial satisfaction of the secured indebtedness noted above.

Because D/C was substantially without assets and was unable to obtain additional sources of capital to satisfy its liabilities, D/C filed with the United States Bankruptcy Court, Northern District of Illinois, its voluntary petition for liquidation under Chapter 7 of Title 11, United States Bankruptcy Code during July 2007, Case No. 07-12776. Such filing is not expected to have a material adverse effect on the Company as D/C was substantially without assets at the time of the filing. Kaanapali Land filed claims in the D/C bankruptcy that aggregated approximately $26,800, relating to both secured and unsecured intercompany debts owed by D/C to Kaanapali Land. In addition, a personal injury law firm based in San Francisco that represents clients with asbestos-related claims, filed proofs of claim on behalf of approximately two thousand claimants. While it is not likely that a significant number of these claimants have a claim against D/C that could withstand a vigorous defense, it is unknown how the trustee will deal with these claims. It is not expected, however, that the Company will receive any material additional amounts in the liquidation of D/C.

On January 21, 2020, certain asbestos claimants filed a Stay Relief Motion in the Bankruptcy Court for the Northern District of Illinois, Eastern Division, Case No. 07-12776 (“motion to lift stay”) in connection with the D/C proceeding. The motion sought the entry of an order, among other things, modifying the automatic stay in the D/C bankruptcy to permit those claimants to prosecute various lawsuits in state courts against D/C Distribution, LLC, and to recover on any judgment or settlement solely from any available insurance coverage. Various oppositions to the motion to lift stay were filed, and the matter was heard and taken under advisement in April 2020. On July 21, 2020, the bankruptcy court issued an order granting the motion to lift stay to permit the movants to pursue their claims and to recover any judgment or settlement from and to the extent of any available insurance coverage of D/C Distribution, LLC, only.

The bankruptcy trustee for D/C is now in the process of closing the bankruptcy case. All of the asbestos-related proofs claims filed by the San Francisco personal injury firm in the bankruptcy case have been withdrawn in connection with closing. There is a small amount of money on-hand for possible distribution on closing. Although D/C will no longer have any assets after the trustee’s final distribution and closing of the case, there is no guaranty that personal injury claimants will not assert asbestos-related claims against D/C in the future.

(table of contents)

The Company has received notice from Hawaii’s Department of Land and Natural Resources (“DNLR”) that DNLR on a periodic basis would inspect all significant dams and reservoirs in Hawaii, including those maintained by the Company on Maui in connection with its agricultural operations. A series of such inspections have taken place over the period from 2006 through the most recent inspections that occurred in July 2021. To date, the DLNR has cited certain deficiencies concerning two of the Company’s reservoirs relating to dam and reservoir safety standards established by the State of Hawaii. These deficiencies include, among other things, vegetative overgrowth, erosion of slopes, uncertainty of inflow control, spillway capacity, and freeboard, and uncertainty of structural stability under certain loading and seismic conditions. The Company has taken certain corrective actions, including lowering the reservoir operating level; as well as updating important plans to address emergency events and basic operations and maintenance. In 2018, the Company contracted with an engineering firm to develop plans to address certain DLNR cited deficiencies on one of the Company’s reservoirs. In 2012, the State of Hawaii issued new Hawaii Administrative Rules for Dams and Reservoirs which require dam owners to obtain from DLNR Certificates of Impoundment (“permits”) to operate and maintain dams or reservoirs. Obtaining such permits requires owners to completely resolve all cited deficiencies. Therefore, the process may involve further analysis of dam and reservoir safety requirements, which will involve continuing engagement with specialized engineering consultants, and ultimately could result in significant and costly improvements which may be material to the Company.

The DLNR categorizes the reservoirs as "high hazard" under State of Hawaii Administrative Rules and State Statutes concerning dam and reservoir safety. This classification, which bears upon government oversight and reporting requirements, may increase the cost of managing and maintaining these reservoirs in a material manner. The Company does not believe that this classification is warranted for either of these reservoirs and has initiated a dialogue with DLNR in that regard. In April 2008, the Company received further correspondence from DLNR that included the assessment by their consultants of the potential losses that result from the failure of these reservoirs. In April 2009, the Company filed a written response to DLNR to correct certain factual errors in its report and to request further analysis on whether such "high hazard" classifications are warranted. It is unlikely that the “high hazard” designation will be changed.

Other than as described above, the Company is not involved in any material pending legal proceedings, other than ordinary routine litigation incidental to its business. The Company and/or certain of its affiliates have been named as defendants in several pending lawsuits. While it is impossible to predict the outcome of such routine litigation that is now pending (or threatened) and for which the potential liability is not covered by insurance, the Company is of the opinion that the ultimate liability from any of this litigation will not materially adversely affect the Company's consolidated results of operations or its financial condition.

Kaanapali Land Management Corp. (KLMC) is a party to an agreement with the State of Hawaii for the development of the Lahaina Bypass Highway. An approximate 2.4 mile portion of this two lane state highway has been completed. Construction to extend the southern terminus was completed mid-2018. The northern portion of the Bypass Highway, which extends to KLMC’s lands, is in the early stage of planning. Under certain circumstances, which have not yet occurred, KLMC remains committed for approximately $1,100 of various future costs relating to the planning and design of the uncompleted portion of the Bypass Highway. Under certain conditions, which have not yet been met, KLMC has agreed to contribute an amount not exceeding $6,700 toward construction costs. Any such amount contributed would be reduced by the value of KLMC’s land actually contributed to the State for the Bypass Highway.

(table of contents)

These potential commitments have not been reflected in the accompanying condensed consolidated financial statements. While the completion of the Bypass Highway would add value to KLMC’s lands north of the town of Lahaina, there can be no assurance that it will be completed or when any future phases will be undertaken.

Economic uncertainty relating to COVID-19 continues and the effects of an improving economy could be negatively impacted by surges in COVID-19 and new variants, the administration and effectiveness of vaccines and government responses to future developments as well as supply chain disruptions, labor shortages and rising inflation. A resurgence of COVID-19 or the emergence of new, significant variants, could negatively impact the Maui real estate market, which could negatively impact the Company’s results and financial position.

(8) Calculation of Net Income (Loss) Per Share

The following tables set forth the computation of net loss per share - basic and diluted:


	Three Months Ended March 31, (Amounts in thousands, Except per share amounts)
	2022		2021
Numerator:
Net income (loss)	$	2,318	$	(3,704)
Less: Net loss attributable to non-controlling interests		(89)		(147)
Net income (loss) attributable to stockholders	$	2,407	$	(3,557)

Denominator:
Number of weighted average share outstanding - basic and diluted		1,845		1,845

Net income (loss) per share, attributable to Kaanapali Land - basic and diluted	$	1.30	$	(1.93)

(9) Business Segment Information

As described in Note 1, the Company operates in two business segments. Total revenues and operating profit by business segment are presented in the tables below.

Total revenues by business segment includes primarily (i) sales, all of which are to unaffiliated customers and (ii) interest income that is earned from outside sources on assets which are included in the individual industry segment's identifiable assets.

(table of contents)

Operating income (loss) is comprised of total revenue less cost of sales and operating expenses. In computing operating income (loss), none of the following items have been added or deducted: general corporate revenues and expenses, interest expense and income taxes.

	Three Months Ended March 31,
	2022		2021
Revenues:
Property	$	4,806	$	67
Agriculture		1,217		691
Corporate		--		52
	$	6,023	$	810

Operating income (loss):
Property	$	1,172	$	(315)
Agriculture		250		(107)
Operating income (loss)		1,422		(422)

Corporate		1,742		(4,532)

Operating income (loss) before income taxes	$	3,164	$	(4,954)

The Company’s property segment consists primarily of revenue received from land sales and lease and licensing agreements.

The Company’s agricultural segment consists primarily of coffee operations and licensing agreements.

The Company is exploring alternative agricultural operations, but there can be no assurance that replacement operations at any level will result.

(10) Subsequent Events

On April 12, 2022, the Company received $2,441 as reimbursement for various settlements of asbestos cases paid by the Company. Such reimbursement was pursuant to a settlement agreement between the Company and Fireman’s Fund. Reference is made to Note 7 for discussion of this matter.

(table of contents)

Part I. Financial Information

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation

Liquidity and Capital Resources

General

In addition to historical information, this Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations about its businesses and the markets in which the Company operates. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual operating results may be affected by various factors including, without limitation, changes in international, national and Hawaiian economic conditions, competitive market conditions, uncertainties and costs related to the imposition of conditions on receipt of governmental approvals and costs of material and labor, the effect of the outbreak of the COVID-19 virus, and actual versus projected timing of events all of which may cause such actual results to differ materially from what is expressed or forecast in this report.

Certain subsidiaries of Kaanapali Land are jointly indebted to Kaanapali Land pursuant to a certain Secured Promissory Note in the principal amount of $70 million, dated November 14, 2002, and due September 30, 2029, as extended. Such note had an outstanding balance of principal and accrued interest as of March 31, 2022 and December 31, 2021 of approximately $90 million and $91 million, respectively. The interest rate currently is 0.39% per annum and compounds semi-annually. The note, which is prepayable, is secured by substantially all of the remaining real property owned by such subsidiaries, pursuant to a certain Mortgage, Security Agreement and Financing Statement, dated as of November 14, 2002 and placed on record in December 2002. The note has been eliminated in the consolidated financial statements because the obligors are consolidated subsidiaries of Kaanapali Land.

The Company had cash and cash equivalents of approximately $20 million and $17 million, as of March 31, 2022 and December 31, 2021, respectively, which is available for, among other things, working capital requirements, including future operating expenses, and the Company's obligations for engineering, planning, regulatory and development costs, drainage and utilities, environmental remediation costs on existing and former properties, potential liabilities resulting from tax audits, and existing and possible future litigation. The Company does not anticipate making any distributions for the foreseeable future.

The primary business of Kaanapali Land is the investment in and development of the Company's assets on the Island of Maui. The various development plans will take many years at significant expense to fully implement. Proceeds from land sales are the Company's only source of significant cash proceeds and the Company's ability to meet its liquidity needs is dependent on the timing and amount of such proceeds.

The Company's operations have in recent periods been primarily reliant upon the net proceeds of sales of developed and undeveloped land parcels.

(table of contents)

Kaanapali Land and Fireman’s Fund entered into a settlement agreement on or about November 24, 2021, whereby Fireman’s Fund, the carrier that had been paying defense costs and settlements for the Kaanapali Land asbestos cases, would pay $2.4 million for certain listed Kaanapali Land asbestos cases upon a Final Order of the D/C bankruptcy court lifting the automatic stay to allow the payments. The D/C court issued the lift-stay order on March 1, 2022. On April 12, 2022, the Company received $2.4 million as reimbursement for the various settlements Kaanapali made that were subject to the lift-stay order of March 1, 2022. Reference is made to Note 7 of the Company’s consolidated financial statements for further discussion of this matter.

In September 2014, Kaanapali Land Management Corp. (“KLMC”), pursuant to a property and option purchase agreement with an unrelated third party, closed on the sale of an approximate 14.9 acre parcel in West Maui. The purchase price was $3.3 million, paid in cash at closing. The agreement (as subsequently amended) commits KLMC to fund up to $0.6 million, depending on various factors, for off-site roadway, sewer and electrical improvements that will also provide service to other KLMC properties. Although certain offsite construction has begun at the site, the commitment remains outstanding as construction of such improvements does not yet trigger such funding. The 14.9 acre site is intended to be used for a critical access hospital, skilled nursing facility, assisted living facility, and independent living facility.

The Company is in the planning stages for the development of a 295-acre parcel in the region mauka of the Kaanapali Coffee Farms (“KCF Mauka”). The parcel is to be comprised of 61 agricultural lots that will be offered to individual buyers. The Company expects to develop the parcel in phases and all phases have been submitted to the County for subdivision approval. The Company is working with the County to resolve certain of the County’s comments relating to the subdivision. Upon final subdivision approval and receipt of final plat of the first phase from the County, which requires a bond in the amount of the cost to develop the first phase, the Company can pre-sell the undeveloped lots in the first phase. The Company expects to market the lots in the first phase upon receiving final approvals from the County of Maui, subject to various contingencies, including, but not limited to, governmental and market factors and the availability of a bond to secure the first phase of the development. Therefore, there can be no assurance the Company will be able to meet such timetable, that the subdivision will ultimately be approved or that the lots will sell for prices deemed advantageous by the Company.

In January 2021, the Company entered into agreements with an unrelated third party for that third party to prepare plans to develop Puukolii Village Mauka and another subdivision on the Company’s property. The plans are to include development segments and timeline, offsite and onsite infrastructure, construction cost analysis, proposed budgets and proforma financial statements. If after discussion and negotiation the Company and the third party are unable to agree on the plans, then either the Company or the third party may terminate the agreements. Such discussions are ongoing.

At a public meeting on January 18, 2022, the staff of the State of Hawaii Commission on Water Resource Management (“CWRM”) presented an informational briefing on the “Designation of the Lahaina Aquifer Section; Maui as a Surface Water and Ground Water Management Area” as recommended by the Chair of the Commission. The Commission’s primary responsibilities are to implement and administer the State Water Code by planning, surveying, regulating, enforcing, and conserving the State’s water resources. This includes regulating the use of water resources in water management areas. At its meeting on February 15, 2022, the Commissioners of CWRM unanimously voted to accept the Chairperson’s recommendation. The next step in the designation process is for CWRM to hold public hearings on the recommended designation. The proposed designation would regulate the surface and groundwaters supplying the Company’s irrigation systems that take water from streams, development tunnels, and wells. The Company is evaluating the potential effects, if any, this designation may have on its agricultural operations and developments. Further, the Company continues to respond to CWRM to set forth its views on the proposed designation and prepares for CWRM’s further action.

(table of contents)

The Company’s Pension Plan has excess assets of approximately $20 million. On January 15, 2022, Pacific Trail Holdings LLC, the manager of the Company, adopted a plan to freeze the benefit accruals under and close participation in the Pension Plan and terminate the Pension Plan on or about June 1, 2022. Effective February 7, 2022, the Level 1 and Level 2 plan asset investments were reallocated to a money market fund. After distribution of Pension Plan benefits to participants, remaining surplus Pension Plan assets are expected to be distributed from the Pension Plan in accordance with the requirements of the Internal Revenue Code of 1986 (as amended) by certain regulatory deadlines.

Although the Company does not currently believe that it has significant liquidity problems over the near term, should the Company be unable to satisfy its liquidity requirements from its existing resources and future property sales, it will likely pursue alternate financing arrangements. However it cannot be determined at this time what, if any, financing alternatives may be available and at what cost.

Results of Operations

Reference is made to the footnotes to the financial statements for additional discussion of items addressing comparability between years.

Property, net decreased as of March 31, 2022 due to the sale of a lot during first quarter 2022.

The decrease in other assets at March 31, 2022 as compared to December 31, 2021 is primarily due to insurance recoveries related to the Waipio site received in March 2022, offset by insurance recoveries receivable related to asbestos claims.

The decrease in other liabilities at March 31, 2022 as compared to December 31, 2021 is due to the reversal of a contingency reserve pursuant to the settlement payment made in March 2022 related to the Waipio site.

The increase in sales and the related increase in costs of sales for the three months ended March 31, 2022 as compared to the three months ended March 31, 2021 is primarily due to sale of one lot during the first quarter 2022, as compared to no lot sales during the first quarter 2021.

The decrease in selling, general and administrative expenses for the three months ended March 31, 2022 as compared to the three months ended March 31, 2021 is due to the insurance recoveries related to asbestos claims offset by the adjustment of the loss contingency during first quarter 2021.

(table of contents)

Inflation

As a result of increasing signs of inflation in recent months, the Federal Reserve approved a .25% rate increase in March 2022 and a .5% rate increase in May 2022.

High rates of inflation may adversely affect real estate development generally because of their impact on interest rates. High interest rates not only increase the cost of borrowed funds to the Company, but can also have a significant effect on the affordability of permanent mortgage financing to prospective purchasers. However, high rates of inflation may permit the Company to increase the prices that it charges in connection with real property sales, subject to general economic conditions affecting the real estate industry and local market factors.

Critical Estimates and Significant Accounting Policies

The discussion and analysis of the Company's financial condition and results of operations are based upon the Company's unaudited condensed consolidated interim financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these unaudited condensed consolidated interim financial statements requires management to make estimates, assumptions, and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates are based on historical experience and on various other assumptions that management believes are reasonable under the circumstances; additionally management evaluates these results on an on-going basis. Management's estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Different estimates could be made under different assumptions or conditions, and in any event, actual results may differ from the estimates. The impact of a change in these estimates, assumptions, and judgments could materially affect the amounts reported in the Company’s consolidated financial statements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable as Registrant is a smaller reporting company.

Item 4. Controls and Procedures

Disclosure controls and procedures. The principal executive officer and the principal financial officer of the Company have evaluated the effectiveness of the Company's disclosure controls and procedures as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") as of the end of the period covered by this report. Based on such evaluation, the principal executive officer/principal financial officer has concluded that the Company's disclosure controls and procedures were effective to ensure that information required to be disclosed was recorded, processed, summarized and reported within the time periods specified in the applicable rules and form of the Securities and Exchange Commission.

Internal control over financial reporting. There have not been any changes in the Company's internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the first quarter of 2022 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

(table of contents)

Part II. Other Information

Item 1. Legal Proceedings

The information set forth under “Commitments and Contingencies” in Note 7 of the Notes to the Condensed Consolidated Financial Statements, included in Part I, Item 1 of this report is incorporated herein by reference.

Item 1A. Risk Factors

Reference is made to the risks described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None

(table of contents)

Item 6. Exhibits

		3.1	Amended and Restated Limited Liability Company Agreement of Kaanapali Land, LLC dated November 14, 2002 filed as an exhibit to the Company's report on Form 10 filed May 1, 2003 and hereby incorporated by reference.

		3.2	Amendment to the Amended and Restated Limited Company Agreement of Kaanapali Land, LLC dated November 14, 2002 filed as an exhibit to the Company's report on Form 8-K filed April 21, 2008 and hereby incorporated by reference.

		10.1	Consent Decree entered into as of April 16, 2021, for the United States of America by U.S. Department of Justice and U.S. Environmental Protection Agency and by Kaanapali Land, LLC and Oahu Sugar Company, LLC. filed as an exhibit to the Company’s report on Form 8-K filed April 22, 2021, and hereby incorporated by reference.

		10.2	Restricted Share Agreement dated April 15, 2008 is filed as an exhibit to the Company's report on Form 10-Q filed August 14, 2008 and hereby incorporated by reference.

		31.1	Certification of Principal Executive and Financial Officer pursuant to Rule 13a-14(a) is filed herewith.

		32.	Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are filed herewith.

(table of contents)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	KAANAPALI LAND, LLC

	By:	Pacific Trail Holdings, LLC. (sole member)

		/s/ RICHARD HELLAND
	By:	Richard Helland, Vice President
	Date:	May 12, 2022

EX-31.1 2 kaa10q20220331-exh311.htm CERTIFICATION

Exhibit 31.1

CERTIFICATION

I, Stephen Lovelette, certify that:

1.	I have reviewed this quarterly report on Form 10-Q for the period ending March 31, 2022, of Kaanapali Land, LLC;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.	I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 12, 2022


		/s/ Stephen Lovelette
		Principal Executive Officer and Principal Financial Officer

EX-32 3 kaa10q20220331-exh32.htm CERTIFICATIONS PURSUANT TO 18 USC SECTION 1350

Exhibit 32

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

The following statement is provided by the undersigned with respect to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed pursuant to any provision of the Securities Exchange Act of 1934 or any other securities law:

The undersigned certifies that the foregoing Report on Form 10-Q fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78m) and that the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Kaanapali Land, LLC.

Date: May 12, 2022

By:

/s/ Stephen Lovelette

Stephen Lovelette

Chief Executive Officer and

Chief Financial Officer

EX-101.CAL 4 kanp-20220331_cal.xml XBRL CALCULATION FILE EX-101.DEF 5 kanp-20220331_def.xml XBRL DEFINITION FILE EX-101.LAB 6 kanp-20220331_lab.xml XBRL LABEL FILE Class of Stock [Axis] Common Class C [Member] Equity Components [Axis] Common Stock [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] AOCI Attributable to Parent [Member] Parent [Member] Noncontrolling Interest [Member] Statistical Measurement [Axis] Maximum [Member] Long-Term Debt, Type [Axis] Secured Debt [Member] Related Party [Axis] Affiliated Entity [Member] Income Tax Authority [Axis] Internal Revenue Service (IRS) [Member] Minimum [Member] Gain Contingencies, Nature [Axis] Oahu Sugar Bankruptcy [Member] Dc Distribution [Member] Dc Distributions Bankruptcy [Member] Segments [Axis] Property [Member] Agriculture [Member] Corporate Segment [Member] Property And Agriculture [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] Statement of Financial Position [Abstract] Assets Cash and cash equivalents Restricted cash Property, net Pension plan assets Other assets Total assets Liabilities Accounts payable and accrued expenses Deposits and deferred gains Deferred income taxes Other liabilities Total liabilities Commitments and contingencies (Note 7) Equity Common equity, at 3/31/22 and 12/31/21 (Shares authorized – unlimited; shares issued and outstanding – 1,792,613 common shares and 52,000 Class C shares) Additional paid-in capital Accumulated other comprehensive income (loss), net of tax Accumulated earnings Stockholders’ equity Non-controlling interests Total equity Total liabilities and stockholders’ equity Statement [Table] Statement [Line Items] Common stock shares authorized Common stock, shares issued Common stock, shares outstanding Common stock, shares authorized Income Statement [Abstract] Revenues: Sales Interest and other income Total revenues Cost and expenses: Cost of sales Selling, general and administrative Depreciation and amortization Total cost and expenses Operating income (loss) before income taxes Income tax benefit (expense) Net income (loss) Less: Net loss attributable to non-controlling interests Net income (loss) attributable to shareholders Net loss per share - basic Net loss per share - diluted Net income (loss) Other comprehensive income: Net unrealized (gains) losses on pension plan assets Other comprehensive income, before tax Income tax benefit (expense) related to items of other comprehensive income Other comprehensive income, net of tax Comprehensive income (loss) Comprehensive loss attributable to non-controlling interests Comprehensive income (loss) attributable to stockholders Beginning balance, value Effect of consolidat- ing Kaanapali Coffee Farms Lot Owners’ Association Other comprehensive income, net of tax Net loss Ending balance, value Statement of Cash Flows [Abstract] Net cash provided by operating activities Net cash used in investing activities: Property additions Net cash used in investing activities Net cash provided by financing activities: Contributions Net cash provided by financing activities Net increase in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash at beginning of period Cash, cash equivalents and restricted cash at end of period Organization, Consolidation and Presentation of Financial Statements [Abstract] Summary of Significant Accounting Policies Real Estate [Abstract] Land Development Debt Disclosure [Abstract] Mortgage Note Payable Retirement Benefits [Abstract] Employee Benefit Plans Income Tax Disclosure [Abstract] Income Taxes Related Party Transactions [Abstract] Transactions with Affiliates Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Earnings Per Share [Abstract] Calculation of Net Income (Loss) Per Share Segment Reporting [Abstract] Business Segment Information Subsequent Events [Abstract] Subsequent Events Organization and Basis of Accounting Property Use of Estimates Cash and Cash Equivalents Revenue Recognition Lease Accounting Recently Issued Accounting Pronouncements Schedule of Revenues Subject to Revenue Recognition Standards Schedule of Components of Net Periodic Pension Benefit (Credit) Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted Schedule of Operating Income (Loss) by Segments Sales of real estate Coffee and other crop sales Total EX-101.PRE 7 kanp-20220331_pre.xml XBRL PRESENTATION FILE EX-101.SCH 8 kanp-20220331.xsd XBRL SCHEMA FILE 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Operations (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Comprehensive Income (Loss) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Condensed Consolidated Statements of Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000008 - Statement - Condensed Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Land Development link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Mortgage Note Payable link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Employee Benefit Plans link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Transactions with Affiliates link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Calculation of Net Income (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Business Segment Information link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Employee Benefit Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Calculation of Net Income (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Business Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Schedule of Revenues Subject to Revenue Recognition Standards (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Land Development (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Mortgage Note Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Schedule of Components of Net Periodic Pension Benefit (Credit) (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Employee Benefit Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Transactions with Affiliates (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Schedule of Operating Income (Loss) by Segments (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink XML 9 R1.htm IDEA: XBRL DOCUMENT

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 12, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	0-50273
Entity Registrant Name	KAANAPALI LAND, LLC
Entity Central Index Key	0001230058
Entity Tax Identification Number	01-0731997
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	900 N. Michigan Ave.
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60611
City Area Code	312
Local Phone Number	915-1987
Title of 12(b) Security	N/A
Trading Symbol	N/A
Security Exchange Name	NONE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,792,613

XML 10 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 20,340	$ 16,997
Restricted cash	927	840
Property, net	59,109	62,091
Pension plan assets	19,896	19,946
Other assets	2,869	7,322
Total assets	103,141	107,196
Liabilities
Accounts payable and accrued expenses	521	365
Deposits and deferred gains	1,731	1,737
Deferred income taxes	10,770	9,927
Other liabilities	7,413	14,958
Total liabilities	20,435	26,987
Equity
Common equity, at 3/31/22 and 12/31/21 (Shares authorized – unlimited; shares issued and outstanding – 1,792,613 common shares and 52,000 Class C shares)
Additional paid-in capital	5,471	5,471
Accumulated other comprehensive income (loss), net of tax	2,285	2,298
Accumulated earnings	74,090	71,698
Stockholders’ equity	81,846	79,467
Non-controlling interests	860	742
Total equity	82,706	80,209
Total liabilities and stockholders’ equity	$ 103,141	$ 107,196

XML 11 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Common stock shares authorized	Unlimited	Unlimited
Common stock, shares issued	1,792,613	1,792,613
Common stock, shares outstanding	1,792,613	1,792,613
Common Class C [Member]
Common stock, shares issued	52,000	52,000
Common stock, shares outstanding	52,000	52,000
Common stock, shares authorized	52,000	52,000

XML 12 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Sales	$ 6,008	$ 741
Interest and other income	15	69
Total revenues	6,023	810
Cost and expenses:
Cost of sales	4,200	1,053
Selling, general and administrative	(1,406)	4,647
Depreciation and amortization	65	64
Total cost and expenses	2,859	5,764
Operating income (loss) before income taxes	3,164	(4,954)
Income tax benefit (expense)	(846)	1,250
Net income (loss)	2,318	(3,704)
Less: Net loss attributable to non-controlling interests	(89)	(147)
Net income (loss) attributable to shareholders	$ 2,407	$ (3,557)

XML 13 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net loss per share - basic	$ 1.30	$ (1.93)
Net loss per share - diluted	$ 1.30	$ (1.93)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

XML 14 R6.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net income (loss)	$ 2,318	$ (3,704)
Other comprehensive income:
Net unrealized (gains) losses on pension plan assets	(17)	10
Other comprehensive income, before tax	(17)	10
Income tax benefit (expense) related to items of other comprehensive income	4	(2)
Other comprehensive income, net of tax	(13)	8
Comprehensive income (loss)	2,305	(3,696)
Comprehensive loss attributable to non-controlling interests	(89)	(147)
Comprehensive income (loss) attributable to stockholders	$ 2,394	$ (3,549)

XML 15 R7.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 5,471	$ 71,440	$ 946	$ 77,857	$ 662	$ 78,519
Effect of consolidat- ing Kaanapali Coffee Farms Lot Owners’ Association		3		3	144	147
Other comprehensive income, net of tax			8	8		8
Net loss		(3,557)		(3,557)	(147)	(3,704)
Ending balance, value at Mar. 31, 2021	5,471	67,886	954	74,311	659	74,970
Beginning balance, value at Dec. 31, 2021	5,471	71,698	2,298	79,467	742	80,209
Effect of consolidat- ing Kaanapali Coffee Farms Lot Owners’ Association		(15)		(15)	207	192
Other comprehensive income, net of tax			(13)	(13)		(13)
Net loss		2,407		2,407	(89)	2,318
Ending balance, value at Mar. 31, 2022	$ 5,471	$ 74,090	$ 2,285	$ 81,846	$ 860	$ 82,706

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 23
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126987489&loc=SL124442142-165695

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126987489&loc=SL124442142-165695

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4568740-111683

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 5
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21711-107793

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-URI https://asc.fasb.org/extlink&oid=126983759&loc=SL121830611-158277

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 848
-SubTopic 10
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-URI https://asc.fasb.org/extlink&oid=125980421&loc=SL125981372-237846

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-URI https://asc.fasb.org/extlink&oid=126983759&loc=SL121830611-158277

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4590271-111686

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI https://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 25: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4568447-111683

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

+ Details

XML 16 R8.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 3,366	$ 1
Net cash used in investing activities:
Property additions	(128)	(142)
Net cash used in investing activities	(128)	(142)
Net cash provided by financing activities:
Contributions	192	147
Net cash provided by financing activities	192	147
Net increase in cash, cash equivalents and restricted cash	3,430	6
Cash, cash equivalents and restricted cash at beginning of period	17,837	18,617
Cash, cash equivalents and restricted cash at end of period	$ 21,267	$ 18,623

XML 17 R9.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Significant Accounting Policies

(1) Summary of Significant Accounting Policies

Organization and Basis of Accounting

Property

Use of Estimates

Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be achieved in future periods.

Cash and Cash Equivalents

Revenue Recognition

Other revenues are recognized when control of goods or services transfers to the customers, in the amount that the Company expects to receive for the transfer of goods or provision of services.

The Company’s revenues that were subject to revenue recognition standards for the three months ended March 31, 2022 and 2021 were as follows (in thousands):


	Three Months Ended March 31,
	2022		2021
Sales of real estate	$	4,750	$	--
Coffee and other crop sales		971		527
Total	$	5,721	$	527

Lease Accounting

Recently Issued Accounting Pronouncements

XML 18 R10.htm IDEA: XBRL DOCUMENT

Land Development

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Land Development

(2) Land Development

XML 19 R11.htm IDEA: XBRL DOCUMENT

Mortgage Note Payable

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Mortgage Note Payable

(3) Mortgage Note Payable

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

XML 20 R12.htm IDEA: XBRL DOCUMENT

Employee Benefit Plans

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Benefit Plans

(4) Employee Benefit Plans


	Three Months Ended March 31,
	2022		2021
Service cost	$	110	$	70
Interest cost		1		2
Expected return on plan assets		(61)		(230)
Recognized net actuarial (gain) loss		(5)		10
Curtailment (gain) loss		(12)		--
Net periodic pension cost (credit)	$	33	$	(148)

XML 21 R13.htm IDEA: XBRL DOCUMENT

Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

(5) Income Taxes

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

XML 22 R14.htm IDEA: XBRL DOCUMENT

Transactions with Affiliates

3 Months Ended

Mar. 31, 2022

Transactions with Affiliates

(6) Transactions with Affiliates

XML 23 R15.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(7) Commitments and Contingencies

At March 31, 2022, the Company has no principal contractual obligations related to the land improvements in conjunction with Phase I of the Kaanapali Coffee Farms project.

XML 24 R16.htm IDEA: XBRL DOCUMENT

Calculation of Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Calculation of Net Income (Loss) Per Share

(8) Calculation of Net Income (Loss) Per Share

The following tables set forth the computation of net loss per share - basic and diluted:


	Three Months Ended March 31, (Amounts in thousands, Except per share amounts)
	2022		2021
Numerator:
Net income (loss)	$	2,318	$	(3,704)
Less: Net loss attributable to non-controlling interests		(89)		(147)
Net income (loss) attributable to stockholders	$	2,407	$	(3,557)

Denominator:
Number of weighted average share outstanding - basic and diluted		1,845		1,845

Net income (loss) per share, attributable to Kaanapali Land - basic and diluted	$	1.30	$	(1.93)

XML 25 R17.htm IDEA: XBRL DOCUMENT

Business Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Business Segment Information

(9) Business Segment Information

As described in Note 1, the Company operates in two business segments. Total revenues and operating profit by business segment are presented in the tables below.

	Three Months Ended March 31,
	2022		2021
Revenues:
Property	$	4,806	$	67
Agriculture		1,217		691
Corporate		--		52
	$	6,023	$	810

Operating income (loss):
Property	$	1,172	$	(315)
Agriculture		250		(107)
Operating income (loss)		1,422		(422)

Corporate		1,742		(4,532)

Operating income (loss) before income taxes	$	3,164	$	(4,954)

The Company’s property segment consists primarily of revenue received from land sales and lease and licensing agreements.

The Company’s agricultural segment consists primarily of coffee operations and licensing agreements.

The Company is exploring alternative agricultural operations, but there can be no assurance that replacement operations at any level will result.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

XML 26 R18.htm IDEA: XBRL DOCUMENT

Subsequent Events

3 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

(10) Subsequent Events

XML 27 R19.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Accounting

Organization and Basis of Accounting

Property

Property

Use of Estimates

Use of Estimates

Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be achieved in future periods.

Cash and Cash Equivalents

Cash and Cash Equivalents

Revenue Recognition

Revenue Recognition

Other revenues are recognized when control of goods or services transfers to the customers, in the amount that the Company expects to receive for the transfer of goods or provision of services.

The Company’s revenues that were subject to revenue recognition standards for the three months ended March 31, 2022 and 2021 were as follows (in thousands):


	Three Months Ended March 31,
	2022		2021
Sales of real estate	$	4,750	$	--
Coffee and other crop sales		971		527
Total	$	5,721	$	527

Lease Accounting

Lease Accounting

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126899994&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

+ Details

XML 28 R20.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Revenues Subject to Revenue Recognition Standards


	Three Months Ended March 31,
	2022		2021
Sales of real estate	$	4,750	$	--
Coffee and other crop sales		971		527
Total	$	5,721	$	527

XML 29 R21.htm IDEA: XBRL DOCUMENT

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Pension Benefit (Credit)


	Three Months Ended March 31,
	2022		2021
Service cost	$	110	$	70
Interest cost		1		2
Expected return on plan assets		(61)		(230)
Recognized net actuarial (gain) loss		(5)		10
Curtailment (gain) loss		(12)		--
Net periodic pension cost (credit)	$	33	$	(148)

XML 30 R22.htm IDEA: XBRL DOCUMENT

Calculation of Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted


	Three Months Ended March 31, (Amounts in thousands, Except per share amounts)
	2022		2021
Numerator:
Net income (loss)	$	2,318	$	(3,704)
Less: Net loss attributable to non-controlling interests		(89)		(147)
Net income (loss) attributable to stockholders	$	2,407	$	(3,557)

Denominator:
Number of weighted average share outstanding - basic and diluted		1,845		1,845

Net income (loss) per share, attributable to Kaanapali Land - basic and diluted	$	1.30	$	(1.93)

XML 31 R23.htm IDEA: XBRL DOCUMENT

Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Operating Income (Loss) by Segments

	Three Months Ended March 31,
	2022		2021
Revenues:
Property	$	4,806	$	67
Agriculture		1,217		691
Corporate		--		52
	$	6,023	$	810

Operating income (loss):
Property	$	1,172	$	(315)
Agriculture		250		(107)
Operating income (loss)		1,422		(422)

Corporate		1,742		(4,532)

Operating income (loss) before income taxes	$	3,164	$	(4,954)

XML 32 R24.htm IDEA: XBRL DOCUMENT

Schedule of Revenues Subject to Revenue Recognition Standards (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sales of real estate	$ 4,750
Coffee and other crop sales	971	527
Total	$ 5,721	$ 527

XML 33 R25.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) a	Mar. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Area of significant property holdings on island of Maui \| a	3,900
Area of property holdings in Maui classified as conservation land which precludes development \| a	1,500
Inventory of land held for sale	$ 0		$ 3,045
Money market fund	8,400
Operating lease income	262	$ 181
Operating lease expense	$ 19	$ 16

XML 34 R26.htm IDEA: XBRL DOCUMENT

Land Development (Details Narrative) $ in Thousands	1 Months Ended	3 Months Ended
Land Development (Details Narrative) $ in Thousands	Sep. 30, 2014 USD ($) a	Mar. 31, 2022 USD ($) Lots
Real Estate [Line Items]
Number of agricultural lots held for sale \| Lots		51
Proceeds from sale of agricultural lot	$ 3,300	$ 5,000
Acres of land sold \| a	14.9
Maximum [Member]
Real Estate [Line Items]
Future funds committed by KLMC to improve parcel of land sold	$ 583

XML 35 R27.htm IDEA: XBRL DOCUMENT

Mortgage Note Payable (Details Narrative) - Secured Debt [Member] - Affiliated Entity [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt instrument, face amount	$ 70,000
Debt instrument, issuance date	Nov. 14, 2002
Debt instrument, maturity date	Sep. 30, 2029
Outstanding balance of principal and accrued interest	$ 89,940	$ 90,565
Debt instrument, interest rate	0.39%

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

XML 36 R28.htm IDEA: XBRL DOCUMENT

Schedule of Components of Net Periodic Pension Benefit (Credit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 110	$ 70
Interest cost	1	2
Expected return on plan assets	(61)	(230)
Recognized net actuarial (gain) loss	(5)	10
Curtailment (gain) loss	(12)
Net periodic pension cost (credit)	$ 33	$ (148)

XML 37 R29.htm IDEA: XBRL DOCUMENT

Employee Benefit Plans (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Excess assets of pension plan	$ 20,000
Unrecognized prior service costs that have not yet been recognized in net periodic pension cost, before tax	0	$ 0
Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, before tax	3,089	3,106
Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, after tax	2,286	$ 2,298
Prior service cost recognized in net periodic pension cost, pre tax	0
Curtailment gain recognized in net periodic pension cost, after tax	9
Prior actuarial loss recognized in net periodic pension cost, pre tax	5
Prior actuarial loss recognized in net periodic pension cost, after tax	4
Deferred Compensation Liability, Current and Noncurrent	$ 356

XML 38 R30.htm IDEA: XBRL DOCUMENT

Income Taxes (Details Narrative) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
Income Taxes (Details Narrative) - USD ($) $ in Thousands	Jul. 31, 2021	Feb. 28, 2021	Mar. 31, 2022
Operating Loss Carryforwards [Line Items]
Expected refundable tax credit received from Internal Revenue Service.	$ 1,486	$ 1,483
Internal Revenue Service (IRS) [Member] \| Minimum [Member]
Operating Loss Carryforwards [Line Items]
Open tax years			2018

XML 39 R31.htm IDEA: XBRL DOCUMENT

Transactions with Affiliates (Details Narrative) - Affiliated Entity [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction [Line Items]
Insurance brokerage commissions incurred during period with related party	$ 0	$ 0
Selling, general and administrative expenses incurred during the period with related parties	370	368
Amounts due to affiliates not yet paid	28
Revenue from farming and common area maintenance services and for providing non-potable water to the Kaanapali Coffee Farms Lot Owners Association ('LOA')	$ 313	$ 323

- Definition

Carrying amount as of the balance sheet date of obligations due all related parties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.17)
-URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(3),(4))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

+ Details

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07.1(c))
-URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1(e))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

XML 40 R32.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2021	Jun. 30, 2007	Mar. 31, 2022	Jun. 30, 2014	Dec. 31, 2013
Gain Contingencies [Line Items]
Insurance Settlement Agreement, proposed escrow funding			$ 6,800
Litigation settlement from Conset Decree	$ 7,500
Proposed settlement to be paid by Fireman's Fund			$ 2,441
Approximate future costs and expenditures KLMC remains committed for on uncompleted portion of Bypass Highway					$ 1,100
Maximum amount KLMC has agreed to contribute towards construction costs on Bypass Highway project					$ 6,700
Oahu Sugar Bankruptcy [Member]
Gain Contingencies [Line Items]
Amount of claims filed				$ 224,000
Total costs spent included in bankruptcy proof of claim				260
Oahu Sugar Bankruptcy [Member] \| Minimum [Member]
Gain Contingencies [Line Items]
Additional anticipated response costs submitted in bankruptcy proof of claim				2,760
Oahu Sugar Bankruptcy [Member] \| Maximum [Member]
Gain Contingencies [Line Items]
Additional anticipated response costs submitted in bankruptcy proof of claim				11,450
Dc Distribution [Member]
Gain Contingencies [Line Items]
Litigation settlement		$ 1,618
Dc Distributions Bankruptcy [Member]
Gain Contingencies [Line Items]
Amount of claims filed				$ 26,800

XML 41 R33.htm IDEA: XBRL DOCUMENT

Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net income (loss)	$ 2,318	$ (3,704)
Less: Net loss attributable to non-controlling interests	(89)	(147)
Net income (loss) attributable to stockholders	$ 2,407	$ (3,557)
Denominator:
Number of weighted average share outstanding - basic	1,845	1,845
Number of weighted average share outstanding - diluted	1,845	1,845
Net loss per share - basic	$ 1.30	$ (1.93)
Net loss per share - diluted	$ 1.30	$ (1.93)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

XML 42 R34.htm IDEA: XBRL DOCUMENT

Schedule of Operating Income (Loss) by Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues	$ 6,023	$ 810
Operating income (loss):
Operating income (loss) from continuing operations before income taxes	3,164	(4,954)
Property [Member]
Revenues:
Revenues	4,806	67
Operating income (loss):
Operating income (loss)	1,172	(315)
Agriculture [Member]
Revenues:
Revenues	1,217	691
Operating income (loss):
Operating income (loss)	250	(107)
Corporate Segment [Member]
Revenues:
Revenues		52
Operating income (loss):
Operating income (loss)	1,742	(4,532)
Property And Agriculture [Member]
Operating income (loss):
Operating income (loss)	$ 1,422	$ (422)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

XML 43 R35.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative) $ in Thousands	Apr. 12, 2022 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Gain on various settlements	$ 2,441

XML 44 kaa10q-20220331_htm.xml IDEA: XBRL DOCUMENT 0001230058 2022-01-01 2022-03-31 0001230058 2022-05-12 0001230058 2022-03-31 0001230058 2021-12-31 0001230058 2021-01-01 2021-12-31 0001230058 us-gaap:CommonClassCMember 2022-03-31 0001230058 us-gaap:CommonClassCMember 2021-12-31 0001230058 2021-01-01 2021-03-31 0001230058 us-gaap:CommonStockMember 2021-12-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001230058 us-gaap:RetainedEarningsMember 2021-12-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001230058 us-gaap:ParentMember 2021-12-31 0001230058 us-gaap:NoncontrollingInterestMember 2021-12-31 0001230058 us-gaap:CommonStockMember 2020-12-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001230058 us-gaap:RetainedEarningsMember 2020-12-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001230058 us-gaap:ParentMember 2020-12-31 0001230058 us-gaap:NoncontrollingInterestMember 2020-12-31 0001230058 2020-12-31 0001230058 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0001230058 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-03-31 0001230058 us-gaap:ParentMember 2022-01-01 2022-03-31 0001230058 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-03-31 0001230058 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001230058 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-03-31 0001230058 us-gaap:ParentMember 2021-01-01 2021-03-31 0001230058 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-03-31 0001230058 us-gaap:CommonStockMember 2022-03-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001230058 us-gaap:RetainedEarningsMember 2022-03-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-03-31 0001230058 us-gaap:ParentMember 2022-03-31 0001230058 us-gaap:NoncontrollingInterestMember 2022-03-31 0001230058 us-gaap:CommonStockMember 2021-03-31 0001230058 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001230058 us-gaap:RetainedEarningsMember 2021-03-31 0001230058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-03-31 0001230058 us-gaap:ParentMember 2021-03-31 0001230058 us-gaap:NoncontrollingInterestMember 2021-03-31 0001230058 2021-03-31 0001230058 2014-09-01 2014-09-30 0001230058 srt:MaximumMember 2014-09-01 2014-09-30 0001230058 us-gaap:SecuredDebtMember srt:AffiliatedEntityMember 2022-03-31 0001230058 us-gaap:SecuredDebtMember srt:AffiliatedEntityMember 2022-01-01 2022-03-31 0001230058 us-gaap:SecuredDebtMember srt:AffiliatedEntityMember 2021-12-31 0001230058 srt:MinimumMember us-gaap:InternalRevenueServiceIRSMember 2022-01-01 2022-03-31 0001230058 2021-02-01 2021-02-28 0001230058 2021-07-01 2021-07-31 0001230058 srt:AffiliatedEntityMember 2022-01-01 2022-03-31 0001230058 srt:AffiliatedEntityMember 2021-01-01 2021-03-31 0001230058 srt:AffiliatedEntityMember 2022-03-31 0001230058 kanp:OahuSugarBankruptcyMember 2014-06-30 0001230058 srt:MinimumMember kanp:OahuSugarBankruptcyMember 2014-06-30 0001230058 srt:MaximumMember kanp:OahuSugarBankruptcyMember 2014-06-30 0001230058 kanp:DcDistributionMember 2007-06-01 2007-06-30 0001230058 kanp:DcDistributionsBankruptcyMember 2014-06-30 0001230058 2013-12-31 0001230058 kanp:PropertyMember 2022-01-01 2022-03-31 0001230058 kanp:PropertyMember 2021-01-01 2021-03-31 0001230058 kanp:AgricultureMember 2022-01-01 2022-03-31 0001230058 kanp:AgricultureMember 2021-01-01 2021-03-31 0001230058 us-gaap:CorporateMember 2022-01-01 2022-03-31 0001230058 us-gaap:CorporateMember 2021-01-01 2021-03-31 0001230058 kanp:PropertyAndAgricultureMember 2022-01-01 2022-03-31 0001230058 kanp:PropertyAndAgricultureMember 2021-01-01 2021-03-31 0001230058 us-gaap:SubsequentEventMember 2022-04-01 2022-04-12 iso4217:USD shares iso4217:USD shares utr:acre kanp:Lots pure 0001230058 false 2022 Q1 --12-31 false NONE false

Unlimited

2002-11-14

2029-09-30

10-Q true 2022-03-31 0-50273 KAANAPALI LAND, LLC DE 01-0731997 900 N. Michigan Ave. Chicago IL 60611 312 915-1987 N/A N/A Yes Yes Non-accelerated Filer true false 1792613

20340000

16997000

927000

840000

59109000

62091000

19896000

19946000

2869000

7322000

103141000

107196000

521000

365000

1731000 1737000

10770000

9927000

7413000

14958000

20435000

26987000

1792613

52000

5471000

2285000

2298000

74090000

71698000

81846000

79467000

860000

742000

82706000

80209000

103141000

107196000

6008000 741000

15000

69000

6023000

810000

4200000

1053000

-1406000 4647000

65000

64000

2859000

5764000

3164000

-4954000

846000

-1250000

2318000

-3704000

-89000

-147000

2407000

-3557000

1.30

-1.93

2318000

-3704000

-17000

10000

-17000

10000

-4000

2000

-13000

8000

2305000

-3696000

-89000

-147000

2394000

-3549000

5471000

71698000

2298000

79467000

742000

80209000

-15000

207000

192000

-13000

2407000

-89000

2318000

5471000

74090000

2285000

81846000

860000

82706000

5471000

71440000

946000

77857000

662000

78519000

3000

144000

147000

8000

-3557000

-147000

-3704000

5471000

67886000

954000

74311000

659000

74970000

3366000

1000

128000

142000

-128000

-142000

192000

147000

192000

147000

3430000

6000

17837000

18617000

21267000

18623000

<p id="xdx_805_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_zOF3qp1EDct6" style="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) Summary of Significant Accounting Policies Organization and Basis of Accounting Kaanapali Land, LLC ("Kaanapali Land"), a Delaware limited liability company, is the reorganized entity resulting from the Joint Plan of Reorganization of Amfac Hawaii, LLC (now known as KLC Land Company, LLC ("KLC Land")), certain of its subsidiaries (together with KLC Land, the "KLC Debtors") and FHT Corporation ("FHTC" and, together with the KLC Debtors, the "Debtors") under Chapter 11 of the Bankruptcy Code, dated June 11, 2002 (as amended, the "Plan"). The accompanying condensed consolidated financial statements include the accounts of Kaanapali Land and all of its subsidiaries and its predecessors (collectively, the “Company”), which include KLC Land and its wholly-owned subsidiaries. The Kaanapali Coffee Farms Lot Owners’ Association is consolidated into the accompanying condensed consolidated financial statements. The interests of third-party owners are reflected as non-controlling interests. All significant intercompany transactions and balances have been eliminated in consolidation. The Company's continuing operations are in two business segments - Agriculture and Property. The Agriculture segment remains engaged in farming, harvesting and milling operations relating to coffee orchards on behalf of the applicable land owners. The Company also cultivates, harvests and sells bananas and citrus fruits and engages in certain ranching operations. The Property segment primarily develops land for sale and negotiates bulk sales of undeveloped land. The Property and Agriculture segments operate exclusively in the State of Hawaii. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, and therefore, should be read in conjunction with the Company's Annual Report on Form 10-K (File No. 0-50273) for the year ended December 31, 2021. Capitalized terms used but not defined in this quarterly report have the same meanings as in the Company's 2021 Annual Report on Form 10-K. Property The Company's significant property holdings are on the island of Maui consisting of approximately 3,900 acres, of which approximately <span id="xdx_904_ecustom--AreaOfPropertyHoldingsInMauiClassifiedAsConservationLandWhichPrecludesDevelopment_iI_pp0p0_uacre_c20220331_zBIlfwVFjHU3" title="Area of property holdings in Maui classified as conservation land which precludes development">1,500 acres are classified as conservation land which precludes development. The Company has determined, based on its current projections for the development and/or disposition of its property holdings, that the property holdings are not currently recorded in an amount in excess of proceeds that the Company expects that it will ultimately obtain from the operation and disposition thereof. Inventory of land held for sale, of approximately $0 and $3,045, representing Kaanapali Coffee Farms, is included in Property, net in the consolidated balance sheets at March 31, 2022 and December 31, 2021, respectively, and is carried at the lower of cost or fair market value, less costs to sell, which is based on current and foreseeable market conditions, discussions with real estate brokers and review of historical land sale activity (level 2 and 3). Land held for sale is recognized in the Property Segment as disclosed in Note 9 Business Segment Information. Land is currently utilized for commercial specialty coffee farming operations which also support the Company's land development program, as well as, farming bananas, citrus and other farm products and ranching operations. Additionally, miscellaneous parcels of land have been leased or licensed to third parties on a short term basis. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be achieved in future periods. Cash and Cash Equivalents The Company considers as cash equivalents all investments with maturities of three months or less when purchased. Included in this balance as of March 31, 2022 is a money market fund for $8,400 that is considered to be a Level 1 investment. The Company’s cash balances are maintained primarily in two financial institutions. Restricted cash represents cash held by the Kaanapali Coffee Farms Lot Owners’ Association. Such balances significantly exceed the Federal Deposit Insurance Corporation insurance limits. Management does not believe the Company is exposed to significant risk of loss on cash and cash equivalents or restricted cash. Revenue Recognition Revenue from real property sales is recognized at the time of closing when control of the property transfers to the customer. After closing of the sale transaction, the Company has no remaining performance obligation. Other revenues are recognized when control of goods or services transfers to the customers, in the amount that the Company expects to receive for the transfer of goods or provision of services. Revenue recognition standards require entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange. The revenue recognition standards have implications for all revenues, excluding those that are under the specific scope of other accounting standards. The Company’s revenues that were subject to revenue recognition standards for the three months ended March 31, 2022 and 2021 were as follows (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_887_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zbPbkT04mVL9" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Revenues Subject to Revenue Recognition Standards (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_496_20220101__20220331_zH95SDdY56S5"> </td> <td> </td> <td> </td> <td id="xdx_49F_20210101__20210331_zHy1WEIKHpy"> </td></tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; vertical-align: bottom"> Three Months Ended March 31,</td> </tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2022</td> <td style="vertical-align: bottom; text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2021</td> </tr> <tr id="xdx_40A_ecustom--RevenueFromSalesOfRealEstateSubjectToNewAccountingStandardsCodification_maCzn2f_zmScA1sNCYrh" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt; width: 63%">Sales of real estate</td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 13%">4,750</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 5%"> </td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 15%">--</td></tr> <tr id="xdx_403_ecustom--RevenueFromSalesCoffeeAndOtherCropSalesSubjectToNewAccountingStandardsCodification_maCzn2f_zTsCL0CjXLI5" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Coffee and other crop sales</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">971</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> <tr id="xdx_401_ecustom--AggregateRevenueSubjectToNewAccountingStandardsCodification_iT_zmnEStkwNX1a" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Total</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">5,721</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> </table> The revenue recognition standards require the use of a five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. Lease Accounting In February 2016, the Financial Accounting Standards Board (“FASB”) updated Accounting Standards Codification (“ASC”) Topic 842 Leases (ASU 2016-02). Accounting Standards Update (“ASU”) 2016-02 requires lessees to record operating and financing leases as assets and liabilities on the balance sheet and lessors to expense costs that are not direct leasing costs. Subsequently, the FASB issued additional ASUs that further clarified the original ASU. The ASUs became effective for the Company on January 1, 2019. Upon adoption of the lease ASUs, the Company elected the practical expedients allowable under the ASUs, which included the optional transition method permitting January 1, 2019 to be its initial application date. The adoption of this guidance did not result in an adjustment to retained earnings. Additionally, the Company elected the package of practical expedients, which permits the Company not to reassess expired or existing contracts continuing a lease, the lease classification for expired or existing contracts, and initial direct costs for any existing leases. Further, the Company elected the practical expedient regarding short-term leases, which allows lessees to elect not to apply the balance sheet recognition requirements in ASC 842 to short-term leases. Finally, under ASC 842, lessors are required to continually assess collectability of lessee payments, and, if operating lease payments are not probable of collection, to only recognize into income the lesser of (i) straight-line rental income or (ii) lease payments received to date. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. The Company’s lease arrangements, both as lessor and as lessee, are short-term leases. The Company leases land to tenants under operating leases, and the Company leases property, primarily office and storage space, from lessors under operating leases. During the three months ended March 31, 2022 and 2021, the Company recognized $262 and $181, respectively, of lease income, substantially comprised of non-variable lease payments. During the three months ended March 31, 2022 and 2021, the Company recognized $19 and $16, respectively, of lease expense, substantially comprised of non-variable lease payments. Recently Issued Accounting Pronouncements In June 2016, FASB updated ASC Topic 326 Financial Instruments – Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. ASU 2016-13 is effective for annual periods beginning after December 15, 2019 for public companies except for smaller reporting companies whose effective date will be periods beginning after December 15, 2022. While the Company is currently evaluating the effect that implementation of this update will have on its condensed consolidated financial statements, no significant impact is anticipated. In March 2020, FASB issued ASU 2020-04, Reference Rate Reform (ASU 2020-04) which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuance of LIBOR or another referenced rate. ASU 2020-04 is effective for fiscal years beginning after December 31, 2022. While the Company is currently evaluating the effect that the implementation of this guidance will have on its condensed consolidated financial statements, no significant impact is anticipated.

Organization and Basis of Accounting Kaanapali Land, LLC ("Kaanapali Land"), a Delaware limited liability company, is the reorganized entity resulting from the Joint Plan of Reorganization of Amfac Hawaii, LLC (now known as KLC Land Company, LLC ("KLC Land")), certain of its subsidiaries (together with KLC Land, the "KLC Debtors") and FHT Corporation ("FHTC" and, together with the KLC Debtors, the "Debtors") under Chapter 11 of the Bankruptcy Code, dated June 11, 2002 (as amended, the "Plan"). The accompanying condensed consolidated financial statements include the accounts of Kaanapali Land and all of its subsidiaries and its predecessors (collectively, the “Company”), which include KLC Land and its wholly-owned subsidiaries. The Kaanapali Coffee Farms Lot Owners’ Association is consolidated into the accompanying condensed consolidated financial statements. The interests of third-party owners are reflected as non-controlling interests. All significant intercompany transactions and balances have been eliminated in consolidation. The Company's continuing operations are in two business segments - Agriculture and Property. The Agriculture segment remains engaged in farming, harvesting and milling operations relating to coffee orchards on behalf of the applicable land owners. The Company also cultivates, harvests and sells bananas and citrus fruits and engages in certain ranching operations. The Property segment primarily develops land for sale and negotiates bulk sales of undeveloped land. The Property and Agriculture segments operate exclusively in the State of Hawaii. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, and therefore, should be read in conjunction with the Company's Annual Report on Form 10-K (File No. 0-50273) for the year ended December 31, 2021. Capitalized terms used but not defined in this quarterly report have the same meanings as in the Company's 2021 Annual Report on Form 10-K.

Property The Company's significant property holdings are on the island of Maui consisting of approximately 3,900 acres, of which approximately <span id="xdx_904_ecustom--AreaOfPropertyHoldingsInMauiClassifiedAsConservationLandWhichPrecludesDevelopment_iI_pp0p0_uacre_c20220331_zBIlfwVFjHU3" title="Area of property holdings in Maui classified as conservation land which precludes development">1,500 acres are classified as conservation land which precludes development. The Company has determined, based on its current projections for the development and/or disposition of its property holdings, that the property holdings are not currently recorded in an amount in excess of proceeds that the Company expects that it will ultimately obtain from the operation and disposition thereof. Inventory of land held for sale, of approximately $0 and $3,045, representing Kaanapali Coffee Farms, is included in Property, net in the consolidated balance sheets at March 31, 2022 and December 31, 2021, respectively, and is carried at the lower of cost or fair market value, less costs to sell, which is based on current and foreseeable market conditions, discussions with real estate brokers and review of historical land sale activity (level 2 and 3). Land held for sale is recognized in the Property Segment as disclosed in Note 9 Business Segment Information. Land is currently utilized for commercial specialty coffee farming operations which also support the Company's land development program, as well as, farming bananas, citrus and other farm products and ranching operations. Additionally, miscellaneous parcels of land have been leased or licensed to third parties on a short term basis.

3900

1500

3045000

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be achieved in future periods.

Cash and Cash Equivalents The Company considers as cash equivalents all investments with maturities of three months or less when purchased. Included in this balance as of March 31, 2022 is a money market fund for $8,400 that is considered to be a Level 1 investment. The Company’s cash balances are maintained primarily in two financial institutions. Restricted cash represents cash held by the Kaanapali Coffee Farms Lot Owners’ Association. Such balances significantly exceed the Federal Deposit Insurance Corporation insurance limits. Management does not believe the Company is exposed to significant risk of loss on cash and cash equivalents or restricted cash.

8400000

Revenue Recognition Revenue from real property sales is recognized at the time of closing when control of the property transfers to the customer. After closing of the sale transaction, the Company has no remaining performance obligation. Other revenues are recognized when control of goods or services transfers to the customers, in the amount that the Company expects to receive for the transfer of goods or provision of services. Revenue recognition standards require entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange. The revenue recognition standards have implications for all revenues, excluding those that are under the specific scope of other accounting standards. The Company’s revenues that were subject to revenue recognition standards for the three months ended March 31, 2022 and 2021 were as follows (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_887_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zbPbkT04mVL9" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Revenues Subject to Revenue Recognition Standards (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_496_20220101__20220331_zH95SDdY56S5"> </td> <td> </td> <td> </td> <td id="xdx_49F_20210101__20210331_zHy1WEIKHpy"> </td></tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; vertical-align: bottom"> Three Months Ended March 31,</td> </tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2022</td> <td style="vertical-align: bottom; text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2021</td> </tr> <tr id="xdx_40A_ecustom--RevenueFromSalesOfRealEstateSubjectToNewAccountingStandardsCodification_maCzn2f_zmScA1sNCYrh" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt; width: 63%">Sales of real estate</td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 13%">4,750</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 5%"> </td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 15%">--</td></tr> <tr id="xdx_403_ecustom--RevenueFromSalesCoffeeAndOtherCropSalesSubjectToNewAccountingStandardsCodification_maCzn2f_zTsCL0CjXLI5" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Coffee and other crop sales</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">971</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> <tr id="xdx_401_ecustom--AggregateRevenueSubjectToNewAccountingStandardsCodification_iT_zmnEStkwNX1a" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Total</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">5,721</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> </table> The revenue recognition standards require the use of a five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.

<table cellpadding="0" cellspacing="0" id="xdx_887_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zbPbkT04mVL9" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Revenues Subject to Revenue Recognition Standards (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_496_20220101__20220331_zH95SDdY56S5"> </td> <td> </td> <td> </td> <td id="xdx_49F_20210101__20210331_zHy1WEIKHpy"> </td></tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; vertical-align: bottom"> Three Months Ended March 31,</td> </tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2022</td> <td style="vertical-align: bottom; text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2021</td> </tr> <tr id="xdx_40A_ecustom--RevenueFromSalesOfRealEstateSubjectToNewAccountingStandardsCodification_maCzn2f_zmScA1sNCYrh" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt; width: 63%">Sales of real estate</td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 13%">4,750</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 5%"> </td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 15%">--</td></tr> <tr id="xdx_403_ecustom--RevenueFromSalesCoffeeAndOtherCropSalesSubjectToNewAccountingStandardsCodification_maCzn2f_zTsCL0CjXLI5" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Coffee and other crop sales</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">971</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> <tr id="xdx_401_ecustom--AggregateRevenueSubjectToNewAccountingStandardsCodification_iT_zmnEStkwNX1a" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Total</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">5,721</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">527</td></tr> </table>

4750000 971000 527000 5721000 527000 Lease Accounting In February 2016, the Financial Accounting Standards Board (“FASB”) updated Accounting Standards Codification (“ASC”) Topic 842 Leases (ASU 2016-02). Accounting Standards Update (“ASU”) 2016-02 requires lessees to record operating and financing leases as assets and liabilities on the balance sheet and lessors to expense costs that are not direct leasing costs. Subsequently, the FASB issued additional ASUs that further clarified the original ASU. The ASUs became effective for the Company on January 1, 2019. Upon adoption of the lease ASUs, the Company elected the practical expedients allowable under the ASUs, which included the optional transition method permitting January 1, 2019 to be its initial application date. The adoption of this guidance did not result in an adjustment to retained earnings. Additionally, the Company elected the package of practical expedients, which permits the Company not to reassess expired or existing contracts continuing a lease, the lease classification for expired or existing contracts, and initial direct costs for any existing leases. Further, the Company elected the practical expedient regarding short-term leases, which allows lessees to elect not to apply the balance sheet recognition requirements in ASC 842 to short-term leases. Finally, under ASC 842, lessors are required to continually assess collectability of lessee payments, and, if operating lease payments are not probable of collection, to only recognize into income the lesser of (i) straight-line rental income or (ii) lease payments received to date. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. The Company’s lease arrangements, both as lessor and as lessee, are short-term leases. The Company leases land to tenants under operating leases, and the Company leases property, primarily office and storage space, from lessors under operating leases. During the three months ended March 31, 2022 and 2021, the Company recognized $262 and $181, respectively, of lease income, substantially comprised of non-variable lease payments. During the three months ended March 31, 2022 and 2021, the Company recognized $19 and $16, respectively, of lease expense, substantially comprised of non-variable lease payments.

262000

181000

19000

16000

Recently Issued Accounting Pronouncements In June 2016, FASB updated ASC Topic 326 Financial Instruments – Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. ASU 2016-13 is effective for annual periods beginning after December 15, 2019 for public companies except for smaller reporting companies whose effective date will be periods beginning after December 15, 2022. While the Company is currently evaluating the effect that implementation of this update will have on its condensed consolidated financial statements, no significant impact is anticipated. In March 2020, FASB issued ASU 2020-04, Reference Rate Reform (ASU 2020-04) which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuance of LIBOR or another referenced rate. ASU 2020-04 is effective for fiscal years beginning after December 31, 2022. While the Company is currently evaluating the effect that the implementation of this guidance will have on its condensed consolidated financial statements, no significant impact is anticipated.

(2) Land Development During the first quarter of 2006, the Company received final subdivision approval on an approximate 336 acre parcel in the region "mauka" (toward the mountains) from the main highway serving the area. This project, called Kaanapali Coffee Farms, originally consisted of 51 agricultural lots, offered to individual buyers. During the second quarter of 2021, the Company converted an approximate 55 acre cultural resources lot to an agricultural lot. The Company closed on the sale of this lot on March 22, 2022. The purchase price was $5,000, paid in cash at closing. As of March 31, 2022, the Company has sold all the lots at Kaanapali Coffee Farms including one lot in December 2021 and one in March 2022. In September 2014, Kaanapali Land Management Corp. (“KLMC”), pursuant to a property and option purchase agreement with an unrelated third party, closed on the sale of an approximate 14.9 acre parcel in West Maui. The purchase price was $3,300, paid in cash at closing. The agreement (as subsequently amended) commits KLMC to fund up to $583, depending on various factors, for off-site roadway, sewer and electrical improvements that will also provide service to other KLMC properties. Although certain off-site construction has begun at the site, the commitment remains outstanding as construction of such improvements does not yet trigger such funding. The 14.9 acre site is intended to be used for a critical access hospital, skilled nursing facility, assisted living facility, and independent living facility.

5000000

14.9

3300000

583000

(3) Mortgage Note Payable Certain subsidiaries of Kaanapali Land are jointly indebted to Kaanapali Land pursuant to a certain Secured Promissory Note in the principal amount of $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_c20220331__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Debt instrument, face amount">70,000 dated <span id="xdx_900_eus-gaap--DebtInstrumentIssuanceDate1_ddxL_c20220101__20220331__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_zfJDhidMGR7c" title="Debt instrument, issuance date::XDX::2002-11-14">November 14, 2002, and due <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_ddxL_c20220101__20220331__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_zQihQQgxCWQa" title="Debt instrument, maturity date::XDX::2029-09-30">September 30, 2029, as extended. Such note had an outstanding balance of principal and accrued interest as of March 31, 2022 and December 31, 2021 of $<span id="xdx_90F_eus-gaap--LongTermDebt_c20220331__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Outstanding balance of principal and accrued interest">89,940 and $<span id="xdx_90E_eus-gaap--LongTermDebt_c20211231__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Outstanding balance of principal and accrued interest">90,565, respectively. The interest rate currently is <span id="xdx_90F_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pp4d_dp_c20220331__us-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_z2OmGUihCxm7" title="Debt instrument, interest rate">0.39% per annum and compounds semi-annually. The note, which is prepayable, is secured by substantially all of the remaining real property owned by such subsidiaries, pursuant to a certain Mortgage, Security Agreement and Financing Statement, dated as of November 14, 2002 and placed on record in December 2002. The note has been eliminated in the condensed consolidated financial statements because the obligors are consolidated subsidiaries of Kaanapali Land.

70000000

89940000

90565000

0.0039

(4) Employee Benefit Plans The Company participates in a defined benefit pension plan that covers substantially all its eligible employees. The Pension Plan is sponsored and maintained by Kaanapali Land in conjunction with other plans providing benefits to employees of Kaanapali Land and its affiliates. The Company’s Pension Plan has excess assets of approximately $20 million. On January 15, 2022, Pacific Trail Holdings LLC, the manager of the Company, adopted a plan to freeze the benefit accruals under and close participation in the Pension Plan and terminate the Pension Plan on or about June 1, 2022. Effective February 7, 2022, the Level 1 and Level 2 plan asset investments were reallocated to a money market fund. Benefit accruals were frozen on March 31, 2022. The Company recognized a curtailment gain of $12 qas of January 31, 0222 in the consolidated financial statements at March 31, 2022. After distribution of Pension Plan benefits to participants, remaining surplus Pension Plan assets are expected to be distributed from the Pension Plan in accordance with the requirements of the Internal Revenue Code of 1986 (as amended) by certain regulatory deadlines. The components of the net periodic pension benefit (credit), included in selling, general and administrative in the Company’s condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021 are as follows: <table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfNetBenefitCostsTableTextBlock_pn3n3_zSedBJmh0q6l" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Components of Net Periodic Pension Benefit (Credit) (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_494_20220101__20220331_z5sagZCbaVb8"> </td> <td> </td> <td> </td> <td id="xdx_492_20210101__20210331_zeLgjGBCQ9Ol"> </td></tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; vertical-align: bottom"> Three Months Ended March 31,</td> </tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2022</td> <td style="vertical-align: bottom; text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2021</td> </tr> <tr id="xdx_406_eus-gaap--DefinedBenefitPlanServiceCost_maCzSyq_maDBPNPz5o9_maDBPNPzipU_zl1Ux9dls3wg" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt; width: 61%">Service cost</td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 13%">110 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 6%"> </td> <td style="vertical-align: bottom; line-height: 12pt; width: 1%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 17%">70 </td></tr> <tr id="xdx_407_eus-gaap--DefinedBenefitPlanInterestCost_maCzSyq_maDBPNPz5o9_maDBPNPzipU_zm6arzWJSYlf" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Interest cost</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">1 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">2 </td></tr> <tr id="xdx_402_eus-gaap--DefinedBenefitPlanExpectedReturnOnPlanAssets_iN_di_msCzSyq_msDBPNPz5o9_msDBPNPzipU_zMyMq6T1jZla" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Expected return on plan assets</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(61)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(230)</td></tr> <tr id="xdx_40F_eus-gaap--DefinedBenefitPlanAmortizationOfGainsLosses_pn3n3_msDBPNPz5o9_msDBPNPzipU_zdjH69xSaWOd" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Recognized net actuarial (gain) loss</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(5)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">10 </td></tr> <tr id="xdx_406_eus-gaap--DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments_pn3n3_msDBPNPzipU_zwrx84Drm9si" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Curtailment (gain) loss</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(12)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">-- </td></tr> <tr id="xdx_400_eus-gaap--DefinedBenefitPlanNetPeriodicBenefitCost_iT_pn3n3_mtDBPNPzipU_zoenTNhmyY4c" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net periodic pension cost (credit)</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">33 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(148)</td></tr> </table> The Company recognizes the over funded or under funded status of its employee benefit plans as an asset or liability in its statement of financial position and recognizes changes in its funded status in the year in which the changes occur through comprehensive income. Included in accumulated other comprehensive income at March 31, 2022 and December 31, 2021 are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service costs of $<span id="xdx_908_eus-gaap--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_c20220331_pn3n3" title="Unrecognized prior service costs that have not yet been recognized in net periodic pension cost, before tax">0 and $<span id="xdx_90B_eus-gaap--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_c20211231_pn3n3" title="Unrecognized prior service costs that have not yet been recognized in net periodic pension cost, before tax">0, respectively, and unrecognized actuarial gain of $<span id="xdx_901_ecustom--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTaxes_c20220331_pn3n3" title="Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, before tax">3,089 ($<span id="xdx_90E_ecustom--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTaxes_c20220331_pn3n3" title="Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, after tax">2,286, net of tax) and $<span id="xdx_900_ecustom--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTaxes_c20211231_pn3n3" title="Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, before tax">3,106 ($<span id="xdx_900_ecustom--DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTaxes_c20211231_pn3n3" title="Unrecognized actuarial gain that have not yet been recognized in net periodic pension cost, after tax">2,298, net of tax), respectively. The prior service cost, curtailment gain and actuarial gain recognized in net periodic pension credit for the three months ending March 31, 2022 are $<span id="xdx_904_eus-gaap--OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax_c20220101__20220331_pn3n3" title="Prior service cost recognized in net periodic pension cost, pre tax">0, $12 ($<span id="xdx_907_ecustom--OtherComprehensiveIncomeDefinedBenefitPlansCurtailmentGainLossArisingDuringPeriodNetOfTax_c20220101__20220331_pn3n3" title="Curtailment gain recognized in net periodic pension cost, after tax">9 net of tax) and $<span id="xdx_904_eus-gaap--OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_c20220101__20220331_pn3n3" title="Prior actuarial loss recognized in net periodic pension cost, pre tax">5 ($<span id="xdx_90E_eus-gaap--OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_c20220101__20220331_pn3n3" title="Prior actuarial loss recognized in net periodic pension cost, after tax">4 net of tax), respectively. The Company maintains a nonqualified deferred compensation arrangement (the "Rabbi Trust") which provides certain former directors of Amfac and their spouses with pension benefits. The deferred compensation liability of $356 is included in Other liabilities in the Company's condensed consolidated balance sheet as of March 31, 2022.

20000000

<table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfNetBenefitCostsTableTextBlock_pn3n3_zSedBJmh0q6l" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Components of Net Periodic Pension Benefit (Credit) (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_494_20220101__20220331_z5sagZCbaVb8"> </td> <td> </td> <td> </td> <td id="xdx_492_20210101__20210331_zeLgjGBCQ9Ol"> </td></tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; vertical-align: bottom"> Three Months Ended March 31,</td> </tr> <tr> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2022</td> <td style="vertical-align: bottom; text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; line-height: 12pt">2021</td> </tr> <tr id="xdx_406_eus-gaap--DefinedBenefitPlanServiceCost_maCzSyq_maDBPNPz5o9_maDBPNPzipU_zl1Ux9dls3wg" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt; width: 61%">Service cost</td> <td style="vertical-align: bottom; line-height: 12pt; width: 2%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 13%">110 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 6%"> </td> <td style="vertical-align: bottom; line-height: 12pt; width: 1%">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt; width: 17%">70 </td></tr> <tr id="xdx_407_eus-gaap--DefinedBenefitPlanInterestCost_maCzSyq_maDBPNPz5o9_maDBPNPzipU_zm6arzWJSYlf" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Interest cost</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">1 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">2 </td></tr> <tr id="xdx_402_eus-gaap--DefinedBenefitPlanExpectedReturnOnPlanAssets_iN_di_msCzSyq_msDBPNPz5o9_msDBPNPzipU_zMyMq6T1jZla" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Expected return on plan assets</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(61)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(230)</td></tr> <tr id="xdx_40F_eus-gaap--DefinedBenefitPlanAmortizationOfGainsLosses_pn3n3_msDBPNPz5o9_msDBPNPzipU_zdjH69xSaWOd" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Recognized net actuarial (gain) loss</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(5)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">10 </td></tr> <tr id="xdx_406_eus-gaap--DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments_pn3n3_msDBPNPzipU_zwrx84Drm9si" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Curtailment (gain) loss</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(12)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">-- </td></tr> <tr id="xdx_400_eus-gaap--DefinedBenefitPlanNetPeriodicBenefitCost_iT_pn3n3_mtDBPNPzipU_zoenTNhmyY4c" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net periodic pension cost (credit)</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">33 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(148)</td></tr> </table>

110000

70000

1000

2000

61000

230000

-5000

10000

-12000

33000

-148000

3089000 2286000 3106000 2298000

9000

5000

4000

356000

(5) Income Taxes The statutes of limitations with respect to the Company's taxes for 2018 and more recent years remain open to examinations by tax authorities, subject to possible utilization of loss carryforwards from earlier years. Notwithstanding the foregoing, all net operating losses (“NOL”) generated and not yet utilized are subject to adjustment by the IRS. The Company believes adequate provisions for income tax have been recorded for all years, although there can be no assurance that such provisions will be adequate. To the extent that there is a shortfall, any such shortfall for which the Company could be liable could be material. The Tax Cuts and Jobs Act (the “Act”) repealed the corporate AMT and provided that prior AMT credits would be refundable. Any remaining AMT credit amount became refundable incrementally from 2018 through 2021. The CARES Act accelerated the refund schedule, enabling the Company to claim the refund in full. In February and July 2021, the Company received $1,483 and $1,486, respectively, including interest, of the refundable tax credit from the Internal Revenue Service. The Act is a comprehensive tax reform bill containing a number of other provisions that either currently or in the future could impact the Company, particularly the effect of certain limitations effective for the tax year 2018 and forward (prior losses remain subject to the prior 20 year carryover period) on the use of federal NOL carryforwards which will generally be limited to being used to offset 80% of future annual taxable income.

2018

1483000

1486000

(6) Transactions with Affiliates An affiliated insurance agency, JMB Insurance Agency, Inc., which has some degree of common ownership with the Company, earns insurance brokerage commissions in connection with providing the placement of insurance coverage for certain of the properties and operations of the Company. Such commissions are believed by management to be comparable to those that would be paid to unaffiliated third parties. <span id="xdx_908_eus-gaap--RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_pn3n3_do_c20220101__20220331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_zfOoQfNOHI4c" title="Insurance brokerage commissions incurred during period with related party"><span id="xdx_90B_eus-gaap--RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_pn3n3_do_c20210101__20210331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_z8pr7MCrm9A8" title="Insurance brokerage commissions incurred during period with related party">No such commissions were paid for the three months ended March 31, 2022 and 2021. The Company reimburses its affiliates for general overhead expense and for direct expenses incurred on its behalf, including salaries and salary-related expenses incurred in connection with the management of the Company's operations. Generally, the entity that employs the person providing the services receives the reimbursement. Substantially all of such reimbursable amounts were incurred by JMB Realty Corporation or its affiliates, 900FMS, LLC, 900Work, LLC, and JMB Financial Advisors, LLC, all of which have some degree of common ownership with the Company. The total costs recorded in cost of sales and selling, general and administrative expenses in the condensed consolidated statement of operations for the three months ended March 31, 2022 and 2021 were <span id="xdx_902_eus-gaap--RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_c20220101__20220331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Selling, general and administrative expenses incurred during the period with related parties">$370 and <span id="xdx_900_eus-gaap--RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_c20210101__20210331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Selling, general and administrative expenses incurred during the period with related parties">$368, respectively, of which <span id="xdx_909_eus-gaap--DueToRelatedPartiesCurrentAndNoncurrent_c20220331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Amounts due to affiliates not yet paid">$28 was unpaid as of March 31, 2022. The Company derives revenue from farming and common area maintenance services and for providing non-potable water to the Kaanapali Coffee Farms Lot Owners Association (“LOA”). The LOA is the association of the owners of the Kaanapali Coffee Farms. The revenues were <span id="xdx_909_eus-gaap--RevenueFromRelatedParties_c20220101__20220331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Revenue from farming and common area maintenance services and for providing non-potable water to the Kaanapali Coffee Farms Lot Owners Association ('LOA')">$313 and <span id="xdx_90B_eus-gaap--RevenueFromRelatedParties_c20210101__20210331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__srt--AffiliatedEntityMember_pn3n3" title="Revenue from farming and common area maintenance services and for providing non-potable water to the Kaanapali Coffee Farms Lot Owners Association ('LOA')">$323 for the three months ended March 31, 2022 and 2021. Such revenue is recognized in the Agriculture Segment as disclosed in Note 9 Business Segment Information. The revenue amounts have been eliminated in the condensed consolidated financial statements.

370000

368000

28000

313000

323000

(7) Commitments and Contingencies At March 31, 2022, the Company has no principal contractual obligations related to the land improvements in conjunction with Phase I of the Kaanapali Coffee Farms project. Material legal proceedings of the Company are described below. Unless otherwise noted, the parties adverse to the Company in the legal proceedings described below have not made a claim for damages in a liquidated amount and/or the Company believes that it would be speculative to attempt to determine the Company's exposure relative thereto, and as a consequence believes that an estimate of the range of potential loss cannot be made. Two former subsidiaries, Oahu Sugar Company, LLC (“Oahu Sugar”) and D/C Distribution Corporation (“D/C”), filed petitions for liquidation under Chapter 7 of the Bankruptcy Code in April 2005 and July 2007, respectively, as described below. On December 17, 2019, the Oahu Sugar bankruptcy case was closed. As a consequence of the Chapter 7 filing, D/C has not been under control of the Company since the bankruptcy filing. As a result of an administrative order issued to Oahu Sugar by the Hawaii Department of Health (“HDOH”), Order No. CH 98-001, dated January 27, 1998, Oahu Sugar engaged in environmental site assessment of lands it leased from the U.S. Navy and located on the Waipio Peninsula. Oahu Sugar submitted a Remedial Investigation Report to the HDOH. The HDOH provided comments that indicated that additional testing may be required. Oahu Sugar responded to these comments with additional information. On January 9, 2004, the Environmental Protection Agency (“EPA”) issued a request to Oahu Sugar seeking information related to the actual or threatened release of hazardous substances, pollutants and contaminants at the Waipio Peninsula portion of the Pearl Harbor Naval Complex National Priorities List Superfund Site. The request sought, among other things, information relating to the ability of Oahu Sugar to pay for or perform a cleanup of the land formerly occupied by Oahu Sugar. Oahu Sugar responded to the information requests and notified both the Navy and EPA that while it had some modest remaining cash that it could contribute to further investigation and remediation efforts in connection with an overall settlement of the outstanding claims, Oahu Sugar was substantially without assets and would be unable to make a significant contribution to such an effort. Attempts at negotiating such a settlement were fruitless and Oahu Sugar received an order from EPA in March 2005 that purported to require certain testing and remediation of the site. As Oahu Sugar was substantially without assets, the pursuit of any action, informational, enforcement, or otherwise, would have had a material adverse effect on the financial condition of Oahu Sugar. Therefore, as a result of the pursuit of further action by the HDOH and EPA as described above and the immediate material adverse effect that the actions had on the financial condition of Oahu Sugar, Oahu Sugar filed with the United States Bankruptcy Court, Northern District of Illinois, Eastern Division in April 2005, its voluntary petition for liquidation under Chapter 7 of Title 11, United States Bankruptcy Code. Such filing was not expected to have a material adverse effect on the Company as Oahu Sugar was substantially without assets at the time of the filing. While it was not believed that any other affiliates had any responsibility for the debts of Oahu Sugar, EPA made a claim against Kaanapali Land as further described below. Prior to the claims filing deadline, Kaanapali Land, on behalf of itself and certain subsidiaries, filed claims that aggregated approximately $224,000, primarily relating to unpaid guarantee obligations made by Oahu Sugar that were assigned to Kaanapali Land pursuant to the Plan on the Plan Effective Date. In addition, EPA and the U.S. Navy filed a joint proof of claim that sought to recover certain environmental response costs relative to the Waipio Peninsula site discussed above. The proof of claim contained a demand for previously spent costs in the amount of approximately <span id="xdx_90A_ecustom--TotalCostsSpentIncludedInProofOfClaim_c20140630__us-gaap--GainContingenciesByNatureAxis__custom--OahuSugarBankruptcyMember_pn3n3" title="Total costs spent included in bankruptcy proof of claim">$260, and additional anticipated response costs of between approximately <span id="xdx_908_ecustom--AdditionalAnticipatedResponseCostsSubmittedInBankruptcyProofOfClaim_c20140630__us-gaap--GainContingenciesByNatureAxis__custom--OahuSugarBankruptcyMember__srt--RangeAxis__srt--MinimumMember_pn3n3" title="Additional anticipated response costs submitted in bankruptcy proof of claim">$2,760 and <span id="xdx_901_ecustom--AdditionalAnticipatedResponseCostsSubmittedInBankruptcyProofOfClaim_c20140630__us-gaap--GainContingenciesByNatureAxis__custom--OahuSugarBankruptcyMember__srt--RangeAxis__srt--MaximumMember_pn3n3" title="Additional anticipated response costs submitted in bankruptcy proof of claim">$11,450. No specific justification of these costs, or what they are purported to represent, was included in the EPA/Navy proof of claim. There was an insignificant amount of assets remaining in the debtor's estate and it was unclear whether the United States Trustee who took control of Oahu Sugar was going to take any action to contest the EPA/Navy claim, or how it was going to reconcile such claim for the purpose of distributing any remaining assets of Oahu Sugar. Counsel for the trustee, EPA, the Navy, and for Fireman’s Fund, one of Kaanapali Land’s insurers, explored ways in which to conclude the Oahu Sugar bankruptcy. On December 16, 2019, the Oahu Sugar bankruptcy trustee filed its final accounting with no distribution to claimants. On December 17, 2019, the Oahu Sugar bankruptcy case was closed and the trustee was discharged. With regard to the alleged Waipio Penisula alleged environmental issues, EPA sent three requests for information to Kaanapali Land regarding, among other things, Kaanapali Land's organization and relationship, if any, to entities that may have, historically, operated on the site and with respect to operations conducted on the Waipio site. Kaanapali Land responded to these requests for information. By letter dated February 7, 2007, pursuant to an allegation that Kaanapali Land was a successor to Oahu Sugar Company, Limited, a company that operated at the site prior to 1961 ("Old Oahu"), EPA advised Kaanapali that it believed it was authorized by the Comprehensive Environmental Response Compensation and Liability Act (“CERCLA”) to amend the existing Unilateral Administrative Order against Oahu Sugar Company, LLC, for the cleanup of the site to include Kaanapali Land as an additional respondent. The purported basis for EPA's position was that Kaanapali Land, by virtue of certain corporate actions, was jointly and severally responsible for the performance of the response actions, including, without limitation, clean-up at the site. No such amendment was made. Instead, after a series of discussions between Kaanapali and EPA, on or about September 30, 2009, EPA issued a Unilateral Administrative Order to Kaanapali Land for the performance of work in support of a removal action at the former Oahu Sugar pesticide mixing site located on Waipio peninsula. The work consisted of the performance of soil and groundwater sampling and analysis, a topographic survey, and the preparation of an engineering evaluation and cost analysis of potential removal actions to abate an alleged "imminent and substantial endangerment" to public health, welfare or the environment. The order appeared to be further predicated primarily on the alleged connection of Kaanapali Land to Old Oahu and its activities on the site. Kaanapali Land engaged in performing work, including the conduct of sampling at the site, required by the order while reserving its rights to contest liability regarding the site. With regard to liability for the site, Kaanapali Land believed that its liability, if any, should have related solely to a portion of the period of operation of Old Oahu at the site, although in some circumstances CERCLA apparently permits imposition of joint and several liability, which can exceed a responsible party's equitable share. Kaanapali Land believed that the U.S. Navy bore substantial liability for the site by virtue of its ownership of the site throughout the entire relevant period, both as landlord under its various leases with Oahu Sugar and Old Oahu and by operating and intensively utilizing the site directly during a period when no lease was in force. The Company believed that the cost of the work as set forth in the pending order would not have been material to the Company as a whole; however, in the event that EPA were to issue an order requiring remediation of the site, the Company gave no assurances that the cost of said remediation would not ultimately have a material adverse effect on the Company. In addition, the Company believed that if there were litigation regarding the site, there could be no assurances that the cost of such litigation would not be material or that such litigation would result in a judgment in favor of the Company. Kaanapali and the EPA exchanged comments relative to further studies to be performed at the site, including a possible ecological risk assessment. After years of performing work at the site, the parties engaged in discussions to resolve the matter. The matter was ultimately resolved pursuant to the Consent Decree set forth below. On February 11, 2015, the Company filed a complaint for declaratory judgment, bad faith and damages against Fireman’s Fund Insurance Company (“Fireman’s Fund”) in the Circuit Court of the First Circuit, State of Hawaii, Civil No. 15-1-0239-02, in connection with costs and expenses it might incur in connection with the Waipio site. In the five-count complaint, the Company sought, among other things, a declaratory judgment of its rights under various Fireman’s Fund policies and an order that Fireman’s Fund defend and indemnify Kaanapali Land from all past, present and future costs and expenses in connection with the site, including costs of investigation and defense incurred by Kaanapali and the professionals it has engaged. In addition, Kaanapali sought general, special, and punitive damages, prejudgment and post judgment interest, and such other legal or equitable relief as the court deems just and proper. Fireman’s Fund has filed a responsive pleading. This litigation was settled and dismissed with prejudice pursuant to an agreement between Fireman’s Fund and the Company dated on or about November 24, 2021 (“Insurance Settlement”). The dismissal order was entered on March 31, 2022. Under the Insurance Settlement Fireman’s Fund paid $6,800 into an escrow that was used to fund the Consent Decree, described below, that was entered into with various federal agencies. The $6,800 was included as a reduction of Selling, general and administrative expenses on the Company’s Consolidated Statement of Operations for the year ended December 31, 2021. The insurance recovery caused the total Selling, general and administrative expense for the year ended December 31, 2021 to be a negative expense. That Consent Decree, entered by United States District Court for the District of Hawaii (the “Court”), and as more fully described below, resolved certain environmental claims against the Company with respect to the former mixing site on Waipio Peninsula on Oahu in Hawaii (the “Mixing Site”). After the Consent Decree was entered and finally approved by the Court in the form initially submitted by the Company and the federal government, the escrowed funds plus interest were paid to the Environmental Protection Agency on March 3, 2022 to fund the settlement that is the subject of the Consent Decree. The Insurance Settlement provided, among other terms and conditions, mutual releases of Claims for coverage for Environmental Claims at the Mixing Site under known and unknown Fireman’s Fund insurance policies. On April 16, 2021, the U.S. Department of Justice and the U.S. Environmental Protection Agency, on behalf of various federal agencies of the United States of America, executed a Consent Decree with Kaanapali Land, LLC, a Delaware limited liability company (the “Company”) that, if entered by the U.S. District Court sitting in the District of Hawaii, United States of America v. Kaanapali Land, and Oahu Sugar Company, LLC Case No. 1:21-CV-00190, resolved the U.S. federal government’s current environmental claims against the Company with respect to contamination at the former mixing site on Waipio Peninsula on Oahu in Hawaii that had been leased by Oahu Sugar Company LLC, a former subsidiary of the Company. In return for payments by the Company totaling $7,500, the Consent Decree resolved liability asserted by the U.S. government against the Company under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) as well as under the Clean Water Act, both for response costs (those costs expended for investigation and cleanup) and for natural resource damages. The U.S. District Court in Hawaii entered an Order approving the Consent Decree on February 11, 2022 and payment of the settlement amount was received by the government on March 3, 2022. Kaanapali Land, as successor by merger to other entities, and D/C have been named as defendants in personal injury actions allegedly based on exposure to asbestos. While there are relatively few cases that name Kaanapali Land, there were a substantial number of cases that were pending against D/C on the U.S. mainland (primarily in California). Cases against Kaanapali Land (hereafter, “Kaanapali Land asbestos cases”) are allegedly based on its prior business operations in Hawaii and cases against D/C are allegedly based on sale of asbestos-containing products by D/C's prior distribution business operations primarily in California. Each entity defending these cases believes that it has meritorious defenses against these actions, but can give no assurances as to the ultimate outcome of these cases. The defense of these cases had a material adverse effect on the financial condition of D/C as it has been forced to file a voluntary petition for liquidation as discussed below. Kaanapali Land does not believe that it has liability, directly or indirectly, for D/C's obligations in those cases. Kaanapali Land does not presently believe that the cases in which it is named will result in any material liability to Kaanapali Land; however, there can be no assurance in that regard. On February 12, 2014, counsel for Fireman’s Fund, the carrier that has been paying defense costs and settlements for the Kaanapali Land asbestos cases, stated that it would no longer pay settlements or judgments in the Kaanapali Land asbestos cases due to then pending D/C and Oahu Sugar bankruptcies. In its communications with Kaanapali Land, Fireman’s fund expressed its view that the automatic stay in effect in the D/C bankruptcy case barred Fireman’s Fund from making any payments to resolve the Kaanapali Land asbestos claims because D/C Distribution was also alleging a right to coverage under those policies for asbestos claims against it. However, in the interim, Fireman’s Fund advised that it intended to continue to pay defense costs for those cases, subject to whatever reservations of rights that might be in effect and subject further to the policy terms. Fireman’s Fund also indicated that to the extent that Kaanapali Land cooperated with Fireman’s Fund in addressing settlement of the Kaanapali Land asbestos cases through coordination with its adjusters, it was Fireman’s Fund’s intention to reimburse any such payments by Kaanapali Land, subject, among other things, to the terms of any lift-stay order, the limits and other terms and conditions of the policies, and prior approval of the settlements. Kaanapali Land and Fireman’s Fund entered into a settlement agreement on or about November 24, 2021 whereby Fireman’s Fund paid $2,441 for certain listed Kaanapali Land asbestos cases upon a Final Order of the D/C bankruptcy court lifting the automatic stay to allow the payments. The D/C court issued the lift-stay order on March 1, 2022. On April 12, 2022, the Company received $2,441 as reimbursement for the various settlements Kaanapali made that were subject to the lift-stay order of March 1, 2022. The $2,441 was included as a reduction of Selling, general and administrative expenses on the Company’s Consolidated Statement of Operations for the three months ended March 31, 2022. The insurance recovery caused the total Selling, general and administrative expense for the three months ended March 31, 2022 to be a negative expense. On February 15, 2005, D/C was served with a lawsuit entitled American & Foreign Insurance Company v. D/C Distribution and Amfac Corporation, Case No. 04433669 filed in the Superior Court of the State of California for the County of San Francisco, Central Justice Center. No other purported party was served. In the eight-count complaint for declaratory relief, reimbursement and recoupment of unspecified amounts, costs and for such other relief as the court might grant, plaintiff alleged that it is an insurance company to whom D/C tendered for defense and indemnity various personal injury lawsuits allegedly based on exposure to asbestos containing products. Plaintiff alleged that because none of the parties have been able to produce a copy of the policy or policies in question, a judicial determination of the material terms of the missing policy or policies is needed. Plaintiff sought, among other things, a declaration: of the material terms, rights, and obligations of the parties under the terms of the policy or policies; that the policies were exhausted; that plaintiff is not obligated to reimburse D/C for its attorneys' fees in that the amounts of attorneys' fees incurred by D/C have been incurred unreasonably; that plaintiff was entitled to recoupment and reimbursement of some or all of the amounts it has paid for defense and/or indemnity; and that D/C breached its obligation of cooperation with plaintiff. D/C filed an answer and an amended cross-claim. D/C believed that it had meritorious defenses and positions, and intended to vigorously defend. In addition, D/C believed that it was entitled to amounts from plaintiffs for reimbursement and recoupment of amounts expended by D/C on the lawsuits previously tendered. In order to fund such action and its other ongoing obligations while such lawsuit continued, D/C entered into a Loan Agreement and Security Agreement with Kaanapali Land, in August 2006, whereby Kaanapali Land provided certain advances against a promissory note delivered by D/C in return for a security interest in any D/C insurance policy at issue in this lawsuit. In June 2007, the parties settled this lawsuit with payment by plaintiffs in the amount of $1,618. Such settlement amount was paid to Kaanapali Land in partial satisfaction of the secured indebtedness noted above. Because D/C was substantially without assets and was unable to obtain additional sources of capital to satisfy its liabilities, D/C filed with the United States Bankruptcy Court, Northern District of Illinois, its voluntary petition for liquidation under Chapter 7 of Title 11, United States Bankruptcy Code during July 2007, Case No. 07-12776. Such filing is not expected to have a material adverse effect on the Company as D/C was substantially without assets at the time of the filing. Kaanapali Land filed claims in the D/C bankruptcy that aggregated approximately $26,800, relating to both secured and unsecured intercompany debts owed by D/C to Kaanapali Land. In addition, a personal injury law firm based in San Francisco that represents clients with asbestos-related claims, filed proofs of claim on behalf of approximately two thousand claimants. While it is not likely that a significant number of these claimants have a claim against D/C that could withstand a vigorous defense, it is unknown how the trustee will deal with these claims. It is not expected, however, that the Company will receive any material additional amounts in the liquidation of D/C. On January 21, 2020, certain asbestos claimants filed a Stay Relief Motion in the Bankruptcy Court for the Northern District of Illinois, Eastern Division, Case No. 07-12776 (“motion to lift stay”) in connection with the D/C proceeding. The motion sought the entry of an order, among other things, modifying the automatic stay in the D/C bankruptcy to permit those claimants to prosecute various lawsuits in state courts against D/C Distribution, LLC, and to recover on any judgment or settlement solely from any available insurance coverage. Various oppositions to the motion to lift stay were filed, and the matter was heard and taken under advisement in April 2020. On July 21, 2020, the bankruptcy court issued an order granting the motion to lift stay to permit the movants to pursue their claims and to recover any judgment or settlement from and to the extent of any available insurance coverage of D/C Distribution, LLC, only. The bankruptcy trustee for D/C is now in the process of closing the bankruptcy case. All of the asbestos-related proofs claims filed by the San Francisco personal injury firm in the bankruptcy case have been withdrawn in connection with closing. There is a small amount of money on-hand for possible distribution on closing. Although D/C will no longer have any assets after the trustee’s final distribution and closing of the case, there is no guaranty that personal injury claimants will not assert asbestos-related claims against D/C in the future. The Company has received notice from Hawaii’s Department of Land and Natural Resources (“DNLR”) that DNLR on a periodic basis would inspect all significant dams and reservoirs in Hawaii, including those maintained by the Company on Maui in connection with its agricultural operations. A series of such inspections have taken place over the period from 2006 through the most recent inspections that occurred in July 2021. To date, the DLNR has cited certain deficiencies concerning two of the Company’s reservoirs relating to dam and reservoir safety standards established by the State of Hawaii. These deficiencies include, among other things, vegetative overgrowth, erosion of slopes, uncertainty of inflow control, spillway capacity, and freeboard, and uncertainty of structural stability under certain loading and seismic conditions. The Company has taken certain corrective actions, including lowering the reservoir operating level; as well as updating important plans to address emergency events and basic operations and maintenance. In 2018, the Company contracted with an engineering firm to develop plans to address certain DLNR cited deficiencies on one of the Company’s reservoirs. In 2012, the State of Hawaii issued new Hawaii Administrative Rules for Dams and Reservoirs which require dam owners to obtain from DLNR Certificates of Impoundment (“permits”) to operate and maintain dams or reservoirs. Obtaining such permits requires owners to completely resolve all cited deficiencies. Therefore, the process may involve further analysis of dam and reservoir safety requirements, which will involve continuing engagement with specialized engineering consultants, and ultimately could result in significant and costly improvements which may be material to the Company. The DLNR categorizes the reservoirs as "high hazard" under State of Hawaii Administrative Rules and State Statutes concerning dam and reservoir safety. This classification, which bears upon government oversight and reporting requirements, may increase the cost of managing and maintaining these reservoirs in a material manner. The Company does not believe that this classification is warranted for either of these reservoirs and has initiated a dialogue with DLNR in that regard. In April 2008, the Company received further correspondence from DLNR that included the assessment by their consultants of the potential losses that result from the failure of these reservoirs. In April 2009, the Company filed a written response to DLNR to correct certain factual errors in its report and to request further analysis on whether such "high hazard" classifications are warranted. It is unlikely that the “high hazard” designation will be changed. Other than as described above, the Company is not involved in any material pending legal proceedings, other than ordinary routine litigation incidental to its business. The Company and/or certain of its affiliates have been named as defendants in several pending lawsuits. While it is impossible to predict the outcome of such routine litigation that is now pending (or threatened) and for which the potential liability is not covered by insurance, the Company is of the opinion that the ultimate liability from any of this litigation will not materially adversely affect the Company's consolidated results of operations or its financial condition. Kaanapali Land Management Corp. (KLMC) is a party to an agreement with the State of Hawaii for the development of the Lahaina Bypass Highway. An approximate 2.4 mile portion of this two lane state highway has been completed. Construction to extend the southern terminus was completed mid-2018. The northern portion of the Bypass Highway, which extends to KLMC’s lands, is in the early stage of planning. Under certain circumstances, which have not yet occurred, KLMC remains committed for approximately <span id="xdx_90E_ecustom--ApproximateFutureCostsExpendituresCompanyIsCommittedTo_c20131231_pn3n3" title="Approximate future costs and expenditures KLMC remains committed for on uncompleted portion of Bypass Highway">$1,100 of various future costs relating to the planning and design of the uncompleted portion of the Bypass Highway. Under certain conditions, which have not yet been met, KLMC has agreed to contribute an amount not exceeding <span id="xdx_906_ecustom--MaximumAmountCompanyHasAgreedToContributeTowardConstructionCosts_c20131231_pn3n3" title="Maximum amount KLMC has agreed to contribute towards construction costs on Bypass Highway project">$6,700 toward construction costs. Any such amount contributed would be reduced by the value of KLMC’s land actually contributed to the State for the Bypass Highway. These potential commitments have not been reflected in the accompanying condensed consolidated financial statements. While the completion of the Bypass Highway would add value to KLMC’s lands north of the town of Lahaina, there can be no assurance that it will be completed or when any future phases will be undertaken. Economic uncertainty relating to COVID-19 continues and the effects of an improving economy could be negatively impacted by surges in COVID-19 and new variants, the administration and effectiveness of vaccines and government responses to future developments as well as supply chain disruptions, labor shortages and rising inflation. A resurgence of COVID-19 or the emergence of new, significant variants, could negatively impact the Maui real estate market, which could negatively impact the Company’s results and financial position.

224000000

260000 2760000 11450000 6800000

7500000

2441000

1618000

26800000

1100000 6700000

(8) Calculation of Net Income (Loss) Per Share The following tables set forth the computation of net loss per share - basic and diluted: <table cellpadding="0" cellspacing="0" id="xdx_88E_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_z850F3nrfbsh" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_491_20220101__20220331_zcuPaOxcFaN1"> </td> <td> </td> <td> </td> <td id="xdx_495_20210101__20210331_z35C7a27Vaqf"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid"> Three Months Ended March 31, (Amounts in thousands, Except per share amounts)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2022</td> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2021</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_zSzeErtrfrJ5" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 67%; text-align: justify; line-height: 12pt">Numerator:</td> <td style="vertical-align: bottom; width: 2%; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 11%; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 5%; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 13%; text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_408_eus-gaap--ProfitLoss_i01_zRBEztewLXW7" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net income (loss)</td> <td style="vertical-align: bottom; line-height: 12pt">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">2,318 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(3,704)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_i01_zfLCqWaqCRIc" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Less: Net loss attributable to non-controlling interests</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; line-height: 12pt">(89)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; line-height: 12pt">(147)</td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_i01_zBh6DImLGyGe" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net income (loss) attributable to stockholders</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">2,407 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(3,557)</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_40E_eus-gaap--EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract_iB_zreaQjQJLtxi" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Denominator:</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: top"> Number of weighted average share outstanding - basic and diluted</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1,845 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1,845 </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"> Net income (loss) per share, attributable to Kaanapali Land - basic and diluted</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1.30 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(1.93)</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_88E_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_z850F3nrfbsh" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Computation of Net Income (Loss) Per Share - Basic and Diluted (Details)"> <tr> <td> </td> <td> </td> <td id="xdx_491_20220101__20220331_zcuPaOxcFaN1"> </td> <td> </td> <td> </td> <td id="xdx_495_20210101__20210331_z35C7a27Vaqf"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid"> Three Months Ended March 31, (Amounts in thousands, Except per share amounts)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2022</td> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2021</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_zSzeErtrfrJ5" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 67%; text-align: justify; line-height: 12pt">Numerator:</td> <td style="vertical-align: bottom; width: 2%; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 11%; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 5%; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 12pt"> </td> <td style="vertical-align: bottom; width: 13%; text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_408_eus-gaap--ProfitLoss_i01_zRBEztewLXW7" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net income (loss)</td> <td style="vertical-align: bottom; line-height: 12pt">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">2,318 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt">$</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt">(3,704)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_i01_zfLCqWaqCRIc" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Less: Net loss attributable to non-controlling interests</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; line-height: 12pt">(89)</td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; line-height: 12pt">(147)</td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_i01_zBh6DImLGyGe" style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Net income (loss) attributable to stockholders</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">2,407 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(3,557)</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_40E_eus-gaap--EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract_iB_zreaQjQJLtxi" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: justify; line-height: 12pt">Denominator:</td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: top"> Number of weighted average share outstanding - basic and diluted</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1,845 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1,845 </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; text-align: justify; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="vertical-align: bottom; line-height: 12pt"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"> Net income (loss) per share, attributable to Kaanapali Land - basic and diluted</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">1.30 </td> <td style="vertical-align: bottom; text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 12pt">(1.93)</td></tr> </table>

2318000

-3704000

-89000

-147000

2407000

-3557000

1845000

1.30

-1.93

(9) Business Segment Information As described in Note 1, the Company operates in two business segments. Total revenues and operating profit by business segment are presented in the tables below. Total revenues by business segment includes primarily (i) sales, all of which are to unaffiliated customers and (ii) interest income that is earned from outside sources on assets which are included in the individual industry segment's identifiable assets. Operating income (loss) is comprised of total revenue less cost of sales and operating expenses. In computing operating income (loss), none of the following items have been added or deducted: general corporate revenues and expenses, interest expense and income taxes. <table cellpadding="0" cellspacing="0" id="xdx_881_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zwdQfatSRB28" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Operating Income (Loss) by Segments (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid"> Three Months Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2022</td> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2021</td></tr> <tr id="xdx_40E_eus-gaap--SegmentReportingInformationRevenueAbstract_iB_z5dSzKwjLG4b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 67%; text-align: justify; line-height: 12pt">Revenues:</td> <td style="width: 2%; line-height: 12pt"> </td> <td style="width: 11%; text-align: right; line-height: 12pt"> </td> <td style="width: 5%; text-align: right; line-height: 12pt"> </td> <td style="width: 2%; line-height: 12pt"> </td> <td style="width: 13%; text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Property</td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">4,806 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">67 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> Agriculture</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">1,217 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">691 </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Corporate</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">-- </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">52 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt">6,023 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt">810 </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_40B_eus-gaap--SegmentReportingInformationOperatingIncomeLossAbstract_iB_zlWNXNqOW0ed" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Operating income (loss):</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Property</td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">1,172 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">(315)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> Agriculture</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">250 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">(107)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt">Operating income (loss)</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">1,422 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">(422)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Corporate</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">1,742 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">(4,532)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Operating income (loss) before income taxes</td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt"><span id="xdx_900_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c20220101__20220331_pn3n3" title="Operating income (loss) from continuing operations before income taxes">3,164 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt"><span id="xdx_902_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c20210101__20210331_pn3n3" title="Operating income (loss) from continuing operations before income taxes">(4,954)</td></tr> </table> The Company’s property segment consists primarily of revenue received from land sales and lease and licensing agreements. The Company’s agricultural segment consists primarily of coffee operations and licensing agreements. The Company is exploring alternative agricultural operations, but there can be no assurance that replacement operations at any level will result.

<table cellpadding="0" cellspacing="0" id="xdx_881_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zwdQfatSRB28" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Schedule of Operating Income (Loss) by Segments (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid"> Three Months Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2022</td> <td style="text-align: center; line-height: 12pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; line-height: 12pt">2021</td></tr> <tr id="xdx_40E_eus-gaap--SegmentReportingInformationRevenueAbstract_iB_z5dSzKwjLG4b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 67%; text-align: justify; line-height: 12pt">Revenues:</td> <td style="width: 2%; line-height: 12pt"> </td> <td style="width: 11%; text-align: right; line-height: 12pt"> </td> <td style="width: 5%; text-align: right; line-height: 12pt"> </td> <td style="width: 2%; line-height: 12pt"> </td> <td style="width: 13%; text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Property</td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">4,806 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">67 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> Agriculture</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">1,217 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">691 </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Corporate</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">-- </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">52 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt">6,023 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt">810 </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr id="xdx_40B_eus-gaap--SegmentReportingInformationOperatingIncomeLossAbstract_iB_zlWNXNqOW0ed" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Operating income (loss):</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> Property</td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">1,172 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt">$</td> <td style="text-align: right; line-height: 12pt">(315)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt"> Agriculture</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">250 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">(107)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt">Operating income (loss)</td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">1,422 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt">(422)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Corporate</td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">1,742 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; line-height: 12pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; line-height: 12pt">(4,532)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="line-height: 12pt"> </td> <td style="text-align: right; line-height: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; line-height: 12pt">Operating income (loss) before income taxes</td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt"><span id="xdx_900_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c20220101__20220331_pn3n3" title="Operating income (loss) from continuing operations before income taxes">3,164 </td> <td style="text-align: right; line-height: 12pt"> </td> <td style="border-bottom: Black 1.5pt double; line-height: 12pt">$</td> <td style="border-bottom: Black 1.5pt double; text-align: right; line-height: 12pt"><span id="xdx_902_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c20210101__20210331_pn3n3" title="Operating income (loss) from continuing operations before income taxes">(4,954)</td></tr> </table>

4806000

67000

1217000

691000

52000

6023000

810000

1172000

-315000

250000

-107000

1422000

-422000

1742000

-4532000

3164000

-4954000

(10) Subsequent Events On April 12, 2022, the Company received $2,441 as reimbursement for various settlements of asbestos cases paid by the Company. Such reimbursement was pursuant to a settlement agreement between the Company and Fireman’s Fund. Reference is made to Note 7 for discussion of this matter.

2441000

EXCEL 45 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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