Maui Land & Pineapple (MLP) 10-K/A 19 Feb 25 2023 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 21, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0000063330
Entity Registrant Name	MAUI LAND & PINEAPPLE CO INC
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-06510
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	99-0107542
Entity Address, Address Line One	500 Office Road
Entity Address, City or Town	Lahaina, Maui
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96761
City Area Code	808
Local Phone Number	877-3351
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	MLP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Entity Shell Company	false
Entity Public Float			$ 106,767,291
Entity Common Stock, Shares Outstanding		19,680,996
Amendment Description	Amendment No. 1
Auditor Name	ACCUITY LLP
Auditor Location	Honolulu, Hawai
Auditor Firm ID	2866

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 5,700	$ 8,499
Cash, restricted	0	10
Accounts receivable, net	1,166	892
Investment in bond securities, current portion	2,671	2,432
Prepaid expenses and other assets	467	368
Assets held for sale	0	3,019
Total Current Assets	10,004	15,220
PROPERTY & EQUIPMENT
Land	5,052	5,052
Land improvements	13,853	12,943
Buildings	22,869	22,869
Machinery and equipment	10,500	10,360
Total Property & Equipment	52,274	51,224
Less accumulated depreciation	(36,215)	(35,346)
Property & Equipment, net	16,059	15,878
OTHER ASSETS
Investment in bond securities, less current portion	464	551
Investment in joint venture	1,608	0
Deferred development costs	12,815	9,566
Other noncurrent assets	1,273	1,191
Total Other Assets	16,160	11,308
TOTAL ASSETS	42,223	42,406	[1]
CURRENT LIABILITIES
Accounts payable	1,154	589
Payroll and employee benefits	502	869
Accrued retirement benefits, current portion	142	142
Deferred revenue, current portion	217	227
Other current liabilities	465	480
Total Current Liabilities	2,480	2,307
LONG-TERM LIABILITIES
Accrued retirement benefits	1,550	2,612
Other noncurrent liabilities	14	30
Total Long-Term Liabilities	5,039	6,327
TOTAL LIABILITIES	7,519	8,634
COMMITMENTS & CONTINGENCIES
STOCKHOLDERS’ EQUITY
Common stock--$.0001 par value at December 31, 2023 and 2022, respectively; 43,000,000 shares authorized; 19,615,350 and 19,476,671 shares issued and outstanding at December 31, 2023 and 2022, respectively	84,680	83,392
Additional paid in capital	10,538	9,184
Accumulated deficit	(53,617)	(50,537)
Accumulated other comprehensive loss	(6,897)	(8,267)
Total Stockholders’ Equity	34,704	33,772
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	42,223	42,406
License [Member]
LONG-TERM LIABILITIES
Deferred revenue, less current portion	1,367	1,500
Member Deposits [Member]
LONG-TERM LIABILITIES
Deferred revenue, less current portion	$ 2,108	$ 2,185
[1]The Land Development and Sales segment includes a $1.6 million equity method investment

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	43,000,000	43,000,000
Common stock, shares issued (in shares)	19,615,350	19,476,671
Common stock, shares outstanding (in shares)	19,615,350	19,476,671

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING REVENUES
Operating Lease, Lease Income	$ 8,461	$ 8,513
Total operating revenues	9,289	20,960	[1]
OPERATING COSTS AND EXPENSES
Leasing	4,420	3,598
General and administrative	3,998	2,795
Share-based compensation	2,846	1,278
Depreciation	869	1,109
Total operating costs and expenses	14,260	11,353
OPERATING INCOME (LOSS)	(4,971)	9,607
Gain from dercognition of nonfinancial asset	1,626	0
Other income	707	71
Pension and other post-retirement expenses	(436)	(7,885)
Interest expense	(6)	(6)
NET INCOME (LOSS)	(3,080)	1,787
Other comprehensive income - pension, net	1,370	7,381
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (1,710)	$ 9,168
NET INCOME (LOSS) PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	$ (0.15)	$ 0.09
Land and Development Sales [Member]
OPERATING REVENUES
Operating revenues	$ 0	$ 11,600
OPERATING COSTS AND EXPENSES
Operating Costs and Expenses	595	1,026
Resort Amenities and Other [Member]
OPERATING REVENUES
Operating revenues	828	847
OPERATING COSTS AND EXPENSES
Operating Costs and Expenses	$ 1,532	$ 1,547
[1]Amounts are principally revenues from external customers and exclude equity in earnings of affiliates.

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2021	19,383
Balance at Dec. 31, 2021	$ 82,378	$ 9,184	$ (52,324)	$ (15,648)	$ 23,590
Share-based compensation expense		855			855
Issuance of shares for incentive plan (in shares)	49
Issuance of shares for incentive plan	$ 494				494
Vested restricted stock issued (in shares)	78
Vested restricted stock issued	$ 855	(855)			0
Shares canceled to pay tax liability (in shares)	(33)
Shares canceled to pay tax liability	$ (335)				(335)
Other comprehensive income - pension, net				7,381	7,381
Net income (loss)			1,787		1,787
Balance (in shares) at Dec. 31, 2022	19,477
Balance at Dec. 31, 2022	$ 83,392	9,184	(50,537)	(8,267)	33,772
Share-based compensation expense		2,596			2,596
Issuance of shares for incentive plan (in shares)	67
Issuance of shares for incentive plan	$ 620				620
Vested restricted stock issued (in shares)	123
Vested restricted stock issued	$ 1,242	(1,242)			0
Shares canceled to pay tax liability (in shares)	(52)
Shares canceled to pay tax liability	$ (574)				(574)
Other comprehensive income - pension, net				1,370	1,370
Net income (loss)			(3,080)		(3,080)
Balance (in shares) at Dec. 31, 2023	19,615
Balance at Dec. 31, 2023	$ 84,680	$ 10,538	$ (53,617)	$ (6,897)	$ 34,704

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers and other receipts	$ 9,846	$ 20,916
Cash paid to vendors	(8,792)	(13,296)
Cash paid for payroll and taxes	(2,425)	(1,357)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(1,371)	6,263
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of bond securities	(3,107)	(3,079)
Maturities of bond securities	2,955	97
Purchases of property and equipment	(618)	0
Payments for other assets	(94)	(33)
NET CASH USED IN INVESTING ACTIVITIES	(864)	(3,015)
CASH FLOWS FROM FINANCING ACTIVITIES
Common stock issuance costs and other	(574)	(335)
NET CASH USED IN FINANCING ACTIVITIES	(574)	(335)
NET INCREASE (DECREASE) IN CASH	(2,809)	2,913
CASH AND RESTRICTED CASH AT BEGINNING OF YEAR	8,509	5,596
CASH AND RESTRICTED CASH AT END OF YEAR	5,700	8,509
RECONCILIATION OF NET INCOME (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Net income (loss)	(3,080)	1,787
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	785	1,116
Bad debt provision	142	28
Restricted Stock or Unit Expense	2,596	855
Gain on disposal of property	(1,608)	0
Cost of real estate sales	0	167
Changes in operating assets and liabilities:
Accounts receivable	(416)	183
Retirement liabilities	308	2,056
Accounts payable	102	9
Other operating assets and liabilities	(200)	62
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$ (1,371)	$ 6,263

Supplemental Schedule of Non-Ca

Supplemental Schedule of Non-Cash Investing and Financing Activities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: • Common stock issued to certain members of the Company’s management totaled $0.6 million and $0.5 million during the years ended December 31, 2023 2022, • Capitalized property, equipment, and development costs in accounts payable were $0.5 million at December 31, 2023.

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS Maui Land & Pineapple Company, Inc. is a Delaware corporation and the successor to a business organized in 1909 July 18, 2022. 268,000 Land Development & Sales Our real estate operations consist of land planning and entitlement, development, and sales activities. Leasing Our leasing operations include commercial, agricultural, and industrial land and property leases, licensing of our registered trademarks and trade names, management of potable and non-potable water systems in West and Upcountry Maui, and stewardship of conservation areas. Resort Amenities We manage the operations of the Kapalua Club, a private, non-equity club program providing our members special programs, access, and other privileges at certain amenities at the Kapalua Resort. 1A. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Subsequent to the filing of the Annual Report on Form 10 December 31, 2023, March 28, 2024 ( BRE2 The Company evaluated guidance from ASC 610 20 15 610 20 25 810 606 On January 3, 2025, December 31, 2023, No. 1 10 December 31, 2023. The table below sets forth the consolidated statements of operations and comprehensive income (loss), including the balances originally reported and the restated balances as of December 31, 2023 ( Year Ended December 31, 2023 As Previously Reported Adjustments As Restated (in thousands except per share amounts) OPERATING REVENUES Land development and sales $ 1,626 $ (1,626 ) $ - Leasing 8,461 - 8,461 Resort amenities and other 828 - 828 Total operating revenues 10,915 (1,626 ) 9,289 OPERATING COSTS AND EXPENSES Land development and sales 595 - 595 Leasing 4,420 - 4,420 Resort amenities and other 1,532 - 1,532 General and administrative 3,998 - 3,998 Share-based compensation 2,846 - 2,846 Depreciation 869 - 869 Total operating costs and expenses 14,260 - 14,260 OPERATING LOSS (3,345 ) (1,626 ) (4,971 ) Gain from dercognition of nonfinancial asset - 1,626 1,626 Other income 707 - 707 Pension and other post-retirement expenses (436 ) - (436 ) Interest expense (6 ) - (6 ) NET LOSS $ (3,080 ) - $ (3,080 ) Other comprehensive income - pension, net 1,370 - 1,370 TOTAL COMPREHENSIVE LOSS $ (1,710 ) - $ (1,710 ) NET LOSS PER COMMON SHARE-BASIC AND DILUTED $ (0.15 ) - $ (0.15 ) This restatement had no December 31, 2023, December 31, 2023. not In addition to the restated consolidated financial statements, the information contained in Notes 5 13 1B. SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING AND CONSOLIDATION The accompanying consolidated financial statements of the Company are presented in conformity with generally accepted accounting principles in the United States of America (“GAAP”) as codified by the Financial Accounting Standards Board (“FASB”). The consolidated financial statements include the accounts of Maui Land & Pineapple Company, Inc. and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand, deposits in banks, and money market funds. RESTRICTED CASH Restricted cash consisted of deposits held in escrow from the prospective buyer of a property held for sale. ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES Receivables are recorded net of an allowance for credit losses. The Company estimates future write-offs based on delinquencies, credit ratings, aging trends, and historical experience. The Company believes the allowance for doubtful accounts is adequate to cover anticipated losses; however, significant deterioration in any of the aforementioned factors or in general economic conditions could change these expectations, and accordingly, the Company’s consolidated financial condition and/or its future operating results could be materially impacted. Credit is extended after evaluating creditworthiness and no INVESTMENT IN BOND SECURITIES Held-to-maturity debt securities are stated at amortized cost. Investments are reviewed for impairment for each reporting period. If any impairment is considered other-than-temporary, an allowance for credit loss would be established and held-to-maturity debt securities will be presented net of the credit loss allowance. Adjustments to expected credit losses are recorded as a component of other income (expense). ASSETS HELD FOR SALE Assets are classified as held for sale when management approves and commits to a plan to sell the property; the property is available for immediate sale in its present condition, subject only to terms that are usual and customary; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale of the property is probable and is expected to be completed within one December 31, 2023 2022. DEFERRED DEVELOPMENT COSTS Deferred development costs consist primarily of design, entitlement and permitting fees and real estate development costs related to various planned projects. Deferred development costs are written off if management decides that it is no no December 31, 2023 2022. INVESTMENT IN JOINT VENTURES As the Company does not PROPERTY & EQUIPMENT AND DEPRECIATION Property is stated at cost. Major replacements, renewals and betterments are capitalized while maintenance and repairs that do not three LONG-LIVED ASSETS Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not may ACCRUED RETIREMENT BENEFITS The Company’s policy is to fund retirement benefit costs at a level at least equal to the minimum funding requirements under federal law, but not The funded status of the Company’s defined benefit pension plan is recorded as an asset or liability in the consolidated balance sheet reflecting the difference between the fair value of plan assets and the projected benefit obligation. Changes in the funded status of the plan are recorded in the year in which the changes occur, through comprehensive income. Deferred compensation plans for certain former management employees provide for specified payments after retirement. A liability has been recognized based on the present value of estimated payments to be made. REVENUE RECOGNITION The Company recognizes revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. Operating results pertaining to the Company’s business segments are summarized in Note 13 A customer is distinguished from a noncustomer by the nature of the goods or services that are transferred. Customers are provided with goods or services that are generated by a company’s ordinary output activities, whereas noncustomers are provided with nonfinancial assets that are outside of a company’s ordinary output activities. This distinction may not The Company uses the five five not For each contract that involves variable consideration, the transaction price of the contract is considered the most likely outcome in estimating possible consideration amounts. The information used to determine the transaction price is similar to the information used in establishing prices of goods or services. The Company is also required to determine if it controls the goods or services prior to the transfer to the customer in order to determine if it should account for the arrangement as a principal or agent. Principal arrangements, where the Company controls the goods or services provided, will result in the recognition of the gross amount of consideration expected in the exchange. Agent arrangements, where the Company simply arranges but does not Revenues from the Company’s land development and sales segment consist of sales of real estate. Revenues from sales of real estate are recognized in the period in which sufficient cash has been received, collection of the balance is reasonably assured, performance obligations have been performed and risks of ownership have passed to the buyer. Sales of real estate assets that are considered central to the Company’s ongoing major operations are classified as real estate sales revenue, along with any associated cost of sales, in the Company’s consolidated statements of operations and comprehensive income. Sales of real estate assets that are considered peripheral or incidental transactions to the Company’s ongoing major or central operations are reflected as net gains or losses in the Company’s consolidated statements of operations and comprehensive income. Leasing revenues are recognized on a straight-line basis over the terms of the leases. Lease income may The Company elected the following practical expedients upon adoption of ASC Topic 842 January 1, 2019: ● Single component practical expedient – requires the Company to account for lease and non-lease components associated with that lease, if certain criteria are met. ● Short-term leases practical expedient – for operating leases with a term of 12 not third Included in leasing revenues are grants issued by the State of Hawai‘i to subsidize the conservation and preservation efforts of the Pu‘u Kukui Watershed Preserve (“PKW”). The PKW is approximately 9,000 acres of conservation zoned lands that is a primary source of water that originates on the top of the West Maui Mountains. We currently receive government assistance two July 1, 2023 six July 1, 2023 June 30, 2024 April 1, 2019 April 30, 2024 2023 2022. Revenue from resort amenities consist of annual dues received from the Kapalua Club membership program. Member services include access, special programs, and other privileges at certain of the amenities at the Kapalua Resort. Annual membership dues are recognized on a straight-line basis over one The Company estimates credit losses on accounts receivable from customers by considering relevant information (past, current, and future) in assessing the collectability of cash flows. The expected credit losses of the Company’s accounts receivable are summarized in Note 14 Economic factors affecting the nature, amount, timing, and uncertainty of the Company’s revenue and cash flows are identified as Risks and Uncertainties in this Note 1. OPERATING COSTS AND EXPENSES Real estate, leasing, resort amenities, and general and administrative costs and expenses are reflected exclusive of depreciation and pension and other post-retirement expenses. SHARE-BASED COMPENSATION PLANS The Company accounts for share-based compensation, including grants of restricted shares of common stock and options to purchase common shares, as compensation expense over the respective vesting periods in the consolidated financial statements based on their fair values on the grant dates. The impact of forfeitures that may INCOME TAXES The Company accounts for uncertain tax positions using a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company’s provision for income taxes is calculated using the liability method. Deferred income taxes are provided for all temporary differences between the financial statement and income tax bases of assets and liabilities using tax rates enacted by law or regulation. A valuation allowance is established for deferred income tax assets if management believes that it is more likely than not not The Company recognizes accrued interest related to unrecognized tax benefits as interest expense and penalties in general and administrative expenses in its consolidated statements of operations and comprehensive income (loss) and such amounts are included in income taxes payable on the Company’s consolidated balance sheets. COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) includes all changes in stockholders’ equity, except those resulting from capital stock transactions. Comprehensive income also includes adjustments to the Company’s defined benefit pension plan obligations. INCOME (LOSS) PER COMMON SHARE Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is computed similar to basic net income (loss) per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares from share-based compensation arrangements had been issued. Potentially dilutive shares from stock option grants to purchase common shares and non-vested restricted stock are determined using the treasury stock method. Basic weighted-average common shares outstanding at December 31, 2023 2022 December 31, 2023 2022 FAIR VALUE MEASUREMENTS GAAP establishes a framework for measuring fair value and requires certain disclosures about fair value measurements to enable the reader of the consolidated financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. GAAP requires that financial assets and liabilities be classified and disclosed in one three Level 1: Level 2: Level 3: not The Company considers cash and cash equivalents to be unrestricted for purposes of the consolidated balance sheets and consolidated statements of cash flows. The fair value of receivables and payables approximate their carrying value due to the short-term nature of the instruments. The valuation is based on settlements of similar financial instruments all of which are short-term in nature and are generally settled at or near cost. USE OF ESTIMATES The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Future actual amounts could differ from these estimates. CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 December 31, 2023 2022. No 2023 2022. RISKS AND UNCERTAINTIES Factors that could adversely impact the Company’s future operations or financial results include, but are not second LEGAL CONTINGENCIES The Company is party to claims and lawsuits as well as threatened or potential actions or claims concerning matters arising from the conduct of its business activities. The outcome of claims or litigation and the timing of ultimate resolution are inherently difficult to predict and significant judgment may 9 NEW ACCOUNTING STANDARD ADOPTED In June 2016, 2016 13 January 1, 2023 no

Note 2 - Investments in Bond Se

Note 2 - Investments in Bond Securities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. INVESTMENTS IN BOND SECURITIES Amortized cost and fair value of debt securities at December 31, 2023 2022 2023 2022 (in thousands) Amortized cost $ 3,135 $ 2,983 Unrealized gains 4 9 Fair value $ 3,139 $ 2,992 Maturities of debt securities at December 31, 2023 2022 2023 2022 Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) One year or less $ 2,671 $ 2,671 $ 2,432 $ 2,440 Greater than one year through five years 464 468 551 552 $ 3,135 $ 3,139 $ 2,983 $ 2,992 The fair value of debt securities were measured using Level 1

Note 3 - Assets Held for Sale

Note 3 - Assets Held for Sale	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Assets Held-for-Sale and Real Estate Sales Disclosure [Text Block]	3. ASSETS HELD FOR SALE Assets held for sale consisted of the 46 December 2021, five April 11, 2023. 2023,

Note 4 - Property & Equipment

Note 4 - Property & Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4. PROPERTY & EQUIPMENT Land Most of the Company’s 22,300 acres of land were acquired between 1911 1932 Land Improvements Land improvements are comprised primarily of roads, utilities, and landscaping infrastructure improvements at the Kapalua Resort. Also included is the Company’s potable and non-potable water systems in West Maui. Majority of the Company’s land improvements were constructed and placed in service in the mid-to-late 1970s 2017. Buildings Buildings are comprised of restaurant, retail and light industrial spaces located at the Kapalua Resort and Hali’imaile which are used in the Company’s leasing operations. Most of the Company’s buildings were constructed and placed in service in the mid-to-late 1970s. Machinery and Equipment Machinery and equipment are mainly comprised of zipline course equipment installed in 2008

Note 5 - Investment in Joint Ve

Note 5 - Investment in Joint Venture	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investment [Text Block]	5. INVESTMENT IN JOINT VENTURE In December 2023, "BRE2 BRE2 no

Note 6 - Long-term Debt

Note 6 - Long-term Debt	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	6. LONG-TERM DEBT The Company has available a $15.0 million revolving line of credit facility with First Hawaiian Bank (“Credit Facility”). On December 23, 2021, December 31, 2025. prime rate no The terms of the Credit Facility include various representations, warranties, affirmative, negative and financial covenants and events of default customary for financings of this type. Financial covenants include a minimum liquidity (as defined) of $2.0 million, a maximum of $45.0 million in total liabilities, and a limitation on new indebtedness. The Credit Facility also contains covenants restricting the payment of cash dividends without the lender’s prior approval. The Company was in compliance with the covenants under the Credit Facility as of December 31, 2023.

Note 7 - Accrued Retirement Ben

Note 7 - Accrued Retirement Benefits	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	7. ACCRUED RETIREMENT BENEFITS Accrued retirement benefits at December 31, 2023 2022 2023 2022 (in thousands) Defined benefit pension plan $ (33 ) $ 1,023 Non-qualified retirement plan 1,725 1,731 Total 1,692 2,754 Less current portion (142 ) (142 ) Non-current portion of accrued retirement benefits $ 1,550 $ 2,612 The Company had two 2011, two 2018. nine 2009, In November 2022, The measurement date for the Company’s benefit plan disclosures is December 31 December 31, 2023, 2022, December 31, 2023 2022 2023 2022 (in thousands) Change in benefit obligations: Benefit obligations at beginning of year $ 16,537 $ 40,182 Interest cost 783 1,034 Actuarial gain (580 ) (7,772 ) Benefits paid (1,188 ) (16,907 ) Benefit obligations at end of year 15,552 16,537 Change in plan assets: Fair value of plan assets at beginning of year 13,783 32,103 Actual return on plan assets 1,137 (7,241 ) Employer contributions 128 5,828 Benefits paid (1,188 ) (16,907 ) Fair value of plan assets at end of year 13,860 13,783 Funded status $ (1,692 ) $ (2,754 ) Accumulated benefit obligations $ (15,552 ) $ 16,537 Weighted average assumptions to determine benefit obligations: Discount rate 4.90 - 4.95% 5.11 - 5.14% Expected long-term return on plan assets 5.25% 5.00% Rate of compensation increase n/a n/a Accumulated other comprehensive loss of $6.9 million and $8.3 million at December 31, 2023 2022, not Components of net periodic benefit cost and other amounts recognized in comprehensive income were as follows: 2023 2022 (in thousands) Pension and other benefits: Interest cost $ 783 $ 1,034 Expected return on plan assets (657 ) (1,226 ) Recognized net actuarial loss 310 585 Settlement expense - 7,492 Pension expense $ 436 $ 7,885 Other changes in plan assets and benefit obligations recognized in comprehensive income: Net loss (gain) $ (1,060 ) $ 696 Amortization of recognized loss (310 ) (8,077 ) Total recognized gain in comprehensive income $ (1,370 ) (7,381 ) Weighted average assumptions used to determine net periodic benefit cost: 2023 2022 Discount rate 5.11 - 5.14% 2.69 - 2.74% Expected long-term return on plan assets 5.00% 4.00% Rate of compensation increase n/a n/a The expected long-term rate of return on plan assets was based on a building-block approach. Historical markets are studied and long-term historical relationships between equities and fixed income are presumed consistent with the widely accepted capital market principle that assets with higher volatility generate a greater return over the long run. Current market factors, such as inflation and interest rates, are evaluated before long-term capital markets are determined. Diversification and rebalancing of plan assets are properly considered as part of establishing long-term portfolio returns. At December 31, 2023 2022, 2023 Fair Value Measurements (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Measured at NAV as a practical expedient Total ACIT equity funds $ - $ 760 $ - $ 760 ACIT fixed income funds - 12,002 70 12,072 Cash management funds - 1,028 - 1,028 $ - $ 13,790 $ 70 $ 13,860 2022 Fair Value Measurements (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Measured at NAV as a practical expedient Total ACIT equity funds $ - $ 631 $ 828 $ 1,459 ACIT fixed income funds - 10,666 261 10,927 Cash management funds - 1,397 - 1,397 $ - $ 12,694 $ 1,089 $ 13,783 Level 1 2 2 not may An administrative committee consisting of certain senior management employees administers the Company’s defined benefit pension plan. The pension plan assets are allocated among approved asset types based on the plan’s current funded status and other characteristics set by the administrative committee, subject to liquidity requirements of the plan. Estimated future benefit payments are as follows (in thousands): Years ending December 31, 2023 $ 1,394 2024 $ 1,373 2025 $ 1,346 2026 $ 1,316 2027 $ 1,277 2028-2032 $ 5,851 The Company made a voluntary contribution of $5.7 million to its defined benefit pension plan in August 2022. 2023.

Note 8 - Contract Assets and Li

Note 8 - Contract Assets and Liabilities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	8. CONTRACT ASSETS AND LIABILITIES Receivables from contracts with customers were $0.4 million, $0.3 million, and $0.3 million at December 31, 2023, 2022 2021, Deferred license fee revenue The Company entered into a trademark license agreement with the owner of the Kapalua Plantation and Bay golf courses, effective April 1, 2020. March 2020. December 31, 2023, 2022,

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. COMMITMENTS AND CONTINGENCIES On December 31, 2018, 1960s 200 two 1.5 The DOH agreed to defer the Order as we continue to work to resolve and remediate the facility’s wastewater effluent issues through an approved corrective action plan. The construction of additional leach fields and installations of a surface aerator, sludge removal system, and natural pond cover using water plants were completed. Test results from wastewater monitoring indicate effluent concentration amounts within allowable ranges. A feasibility study was prepared and submitted identifying various technical solutions that could be implemented to resolve the Order. The Company submitted a plan and proposed solution to resolve the Order. The plan included the installation of an additional pond that will be lined and installed with aerators. One of the existing ponds will be lined and renovated as necessary and the other pond will be taken offline and used as a backup pond if needed. The Company is awaiting comments, feedback and approval from the DOH at the time of filing the Form 10 Pursuant to a 1999 90% December 31, 2023, 2022, not no In addition, from time to time, the Company is the subject of various other claims, complaints and other legal actions which arise in the normal course of the Company’s business activities. The Company believes the resolution of these other matters, in the aggregate, is not

Note 10 - Leasing Arrangements

Note 10 - Leasing Arrangements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessor, Operating Leases [Text Block]	10. LEASING ARRANGEMENTS The Company leases land primarily to agriculture operators and space in commercial buildings, primarily to restaurant and retail tenants through 2048. no 842 December 31, 2023, 2022 2023 2022 (in thousands) Minimum rentals $ 3,409 $ 3,272 Percentage rentals 1,391 1,937 Licensing fees 827 1,001 Other 1,336 1,296 $ 6,963 $ 7,506 Leased property, net of accumulated depreciation, was $10.3 million and $10.1 million at December 31, 2023 2022, Future minimum rental income for the next five Years ending December 31, 2024 $ 2,460 2025 $ 2,361 2026 $ 2,338 2027 $ 2,268 2028 $ 1,675 Thereafter $ 8,685 The Company recognized rent expense from operating leases of $34,000 and $49,000 for the years ended December 31, 2023, 2022, December 31, 2023 2022,

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. SHARE-BASED COMPENSATION The Company’s directors and certain members of management receive a portion of their compensation in shares of the Company’s common stock granted under the Company’s 2017 Share-based compensation is awarded annually to certain members of the Company’s management based on their achievement of predefined performance goals and objectives under the Equity Plan. Such share-based compensation is comprised of an annual incentive paid in shares of common stock and a long-term incentive paid in restricted shares of common stock vesting quarterly over a period of three Directors receive both cash and equity compensation under the Equity Plan. Share-based compensation is comprised of restricted shares of common stock vesting quarterly over the directors’ annual period of service which are valued based on the average of the high and low share price on the date of grant. Shares are issued upon execution of agreements reflecting the grantee’s acceptance of the respective shares subject to the terms and conditions of the Equity Plan. Restricted shares issued under the Equity Plan have voting and regular dividend rights but cannot be disposed of until such time as they are vested. All unvested restricted shares are forfeited upon the grantee’s termination of directorship from the Company. Options to purchase shares of the Company’s common stock under the Equity Plan were granted to directors during the quarter ended June 30, 2023. For annual board service and board committee service, stock option grants have a contractual period of ten December 31, 2023, December 31, 2023. For continued service of the Board's Chairman, the stock option grant has a contractual period of ten June 1, 2024, June 1, 2025, June 1, 2026. December 31, 2023. The simplified method described in Staff Accounting Bulletin No. 107 not not Share-based compensation expense totaled $2.8 million $1.3 million December 31, 2023, 2022, $1.2 million $0.9 million December 31, 2023, 2022, December 31, 2023. In January 2024, ten January 1, 2025, January 1, 2026, January 1, 2027. January 2024. January 1, 2024,

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. INCOME TAXES GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company’s provision for income taxes is calculated using the liability method. Deferred income taxes are provided for all temporary differences between the financial statement and income tax bases of assets and liabilities using tax rates enacted by law or regulation. Reconciliations between the total income tax expense (benefit) and the amount computed using the statutory federal rate of 21% for the years ended December 31, 2023, 2022 2023 2022 (in thousands) Federal income tax expense (benefit) at statutory rate $ (647 ) $ 375 Adjusted for: Permanent differences 99 86 Valuation allowance 548 (461 ) Income tax expense (benefit) $ - $ - Deferred tax assets were comprised of the following temporary differences as of December 31, 2023, 2022: 2023 2022 (in thousands) Net operating loss and tax credit carryforwards $ 24,648 $ 23,980 Joint venture and other investments (446 ) (27 ) Accrued retirement benefits and other compensation 1,233 1,149 Property net book value 3,002 2,960 Deferred revenue 962 1,016 Reserves and other 37 (50 ) Total deferred tax assets 29,436 29,028 Valuation allowance (29,436 ) (29,028 ) Net deferred tax assets $ - $ - Valuation allowances at December 31, 2023, 2022 not December 31, 2017, not December 31, 2023, 2030 2034. December 31, 2023, not

Note 13 - Segment Information

Note 13 - Segment Information	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. SEGMENT INFORMATION The Company’s reportable operating segments are comprised of the discrete business units whose operating results are regularly reviewed by the Company’s Chief Executive Officer, its chief decision maker, and the Board of Directors in assessing performance and determining the allocation of resources. Reportable operating segments in 2023 • Land development and sales includes development activities, such as land planning and entitlement, and the sale of real estate inventory. • Leasing primarily includes revenues and expenses from real property leasing activities, license fees and royalties for the use of certain of the Company’s trademarks and brand names by third • Resort Amenities include a membership program that provides certain benefits and privileges within the Kapalua Resort for its members. The Company’s reportable operating segment results were measured based on operating income, exclusive of interest, pension and other postretirement expenses. Condensed consolidated financial information for each of the Company’s reportable segments for the years ended December 31, 2023 2022 Land Development & Sales Leasing Resort Amenities Other Consolidated 2023 (As Restated) Operating revenues $ - $ 8,461 $ 828 $ - $ 9,289 Operating costs and expenses (595 ) (4,420 ) (1,532 ) - (6,547 ) Depreciation expense - (861 ) - (8 ) (869 ) General and administrative expenses (908 ) (456 ) (393 ) (5,087 ) (6,844 ) Operating income (loss) (1,503 ) 2,724 (1,097 ) (5,095 ) (4,971 ) Pension and other postretirement expenses (436 ) Interest expense (6 ) Gain from dercognition of nonfinancial asset 1,626 Other income 707 Income from continuing operations (3,080 ) Capital expenditures $ 200 $ 619 - - $ 819 Assets (3)(4) $ 17,102 $ 14,489 $ 1,018 $ 9,614 $ 42,223 Land Development and Resort Sales Leasing Amenities Other Consolidated 2022 Operating revenues (1) $ 11,600 $ 8,513 $ 847 $ - $ 20,960 Operating costs and expenses (1,026 ) (3,598 ) (1,547 ) - (6,171 ) Depreciation expense - (1,101 ) - (8 ) (1,109 ) General and administrative expenses (1,068 ) (1,141 ) (496 ) (1,368 ) (4,073 ) Operating income (loss) 9,506 2,673 (1,196 ) (1,376 ) 9,607 Pension and other post-retirement expenses (7,885 ) Interest expense (6 ) Other income 71 Income from continuing operations $ 1,787 Capital expenditures (2) $ 33 $ - $ - $ - $ 33 Assets (3) $ 15,274 $ 13,586 $ 815 $ 12,731 $ 42,406 ( 1 Amounts are principally revenues from external customers and exclude equity in earnings of affiliates. ( 2 Includes expenditures for property and deferred costs. ( 3 Segment assets are located in the United States ( 4 The Land Development and Sales segment includes a $1.6 million equity method investment

Note 14 - Reserves

Note 14 - Reserves	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	14. RESERVES Allowance for credit losses for 2023 2022 Description Balance at Beginning of Year Increase (Decrease) Balance at End of Year (in thousands) Allowance for Credit Losses 2023 $ 177 $ 341 $ 518 2022 $ 154 $ 23 $ 177

Note 15 - Subsequent Events

Note 15 - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	15. SUBSEQUENT EVENTS On August 5, 2024, February 2023 2023, February 2024, not 2023 2024 third 2024, On August 14, 2024 ( three 30 30 5:00 September 25, 2024, On October 22, 2024 August 8, 2023. no five not

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	BASIS OF ACCOUNTING AND CONSOLIDATION The accompanying consolidated financial statements of the Company are presented in conformity with generally accepted accounting principles in the United States of America (“GAAP”) as codified by the Financial Accounting Standards Board (“FASB”). The consolidated financial statements include the accounts of Maui Land & Pineapple Company, Inc. and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents, Policy [Policy Text Block]	CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand, deposits in banks, and money market funds.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	RESTRICTED CASH Restricted cash consisted of deposits held in escrow from the prospective buyer of a property held for sale.
Receivable [Policy Text Block]	ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES Receivables are recorded net of an allowance for credit losses. The Company estimates future write-offs based on delinquencies, credit ratings, aging trends, and historical experience. The Company believes the allowance for doubtful accounts is adequate to cover anticipated losses; however, significant deterioration in any of the aforementioned factors or in general economic conditions could change these expectations, and accordingly, the Company’s consolidated financial condition and/or its future operating results could be materially impacted. Credit is extended after evaluating creditworthiness and no
Investment, Policy [Policy Text Block]	INVESTMENT IN BOND SECURITIES Held-to-maturity debt securities are stated at amortized cost. Investments are reviewed for impairment for each reporting period. If any impairment is considered other-than-temporary, an allowance for credit loss would be established and held-to-maturity debt securities will be presented net of the credit loss allowance. Adjustments to expected credit losses are recorded as a component of other income (expense).
Real Estate Held for Development and Sale, Policy [Policy Text Block]	ASSETS HELD FOR SALE Assets are classified as held for sale when management approves and commits to a plan to sell the property; the property is available for immediate sale in its present condition, subject only to terms that are usual and customary; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale of the property is probable and is expected to be completed within one December 31, 2023 2022.
Deferred Charges, Policy [Policy Text Block]	DEFERRED DEVELOPMENT COSTS Deferred development costs consist primarily of design, entitlement and permitting fees and real estate development costs related to various planned projects. Deferred development costs are written off if management decides that it is no no December 31, 2023 2022.
Equity Method Investments [Policy Text Block]	INVESTMENT IN JOINT VENTURES As the Company does not
Property, Plant and Equipment, Policy [Policy Text Block]	PROPERTY & EQUIPMENT AND DEPRECIATION Property is stated at cost. Major replacements, renewals and betterments are capitalized while maintenance and repairs that do not three
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	LONG-LIVED ASSETS Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not may
Pension and Other Postretirement Plans, Policy [Policy Text Block]	ACCRUED RETIREMENT BENEFITS The Company’s policy is to fund retirement benefit costs at a level at least equal to the minimum funding requirements under federal law, but not The funded status of the Company’s defined benefit pension plan is recorded as an asset or liability in the consolidated balance sheet reflecting the difference between the fair value of plan assets and the projected benefit obligation. Changes in the funded status of the plan are recorded in the year in which the changes occur, through comprehensive income. Deferred compensation plans for certain former management employees provide for specified payments after retirement. A liability has been recognized based on the present value of estimated payments to be made.
Revenue [Policy Text Block]	REVENUE RECOGNITION The Company recognizes revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. Operating results pertaining to the Company’s business segments are summarized in Note 13 A customer is distinguished from a noncustomer by the nature of the goods or services that are transferred. Customers are provided with goods or services that are generated by a company’s ordinary output activities, whereas noncustomers are provided with nonfinancial assets that are outside of a company’s ordinary output activities. This distinction may not The Company uses the five five not For each contract that involves variable consideration, the transaction price of the contract is considered the most likely outcome in estimating possible consideration amounts. The information used to determine the transaction price is similar to the information used in establishing prices of goods or services. The Company is also required to determine if it controls the goods or services prior to the transfer to the customer in order to determine if it should account for the arrangement as a principal or agent. Principal arrangements, where the Company controls the goods or services provided, will result in the recognition of the gross amount of consideration expected in the exchange. Agent arrangements, where the Company simply arranges but does not Revenues from the Company’s land development and sales segment consist of sales of real estate. Revenues from sales of real estate are recognized in the period in which sufficient cash has been received, collection of the balance is reasonably assured, performance obligations have been performed and risks of ownership have passed to the buyer. Sales of real estate assets that are considered central to the Company’s ongoing major operations are classified as real estate sales revenue, along with any associated cost of sales, in the Company’s consolidated statements of operations and comprehensive income. Sales of real estate assets that are considered peripheral or incidental transactions to the Company’s ongoing major or central operations are reflected as net gains or losses in the Company’s consolidated statements of operations and comprehensive income. Leasing revenues are recognized on a straight-line basis over the terms of the leases. Lease income may The Company elected the following practical expedients upon adoption of ASC Topic 842 January 1, 2019: ● Single component practical expedient – requires the Company to account for lease and non-lease components associated with that lease, if certain criteria are met. ● Short-term leases practical expedient – for operating leases with a term of 12 not third Included in leasing revenues are grants issued by the State of Hawai‘i to subsidize the conservation and preservation efforts of the Pu‘u Kukui Watershed Preserve (“PKW”). The PKW is approximately 9,000 acres of conservation zoned lands that is a primary source of water that originates on the top of the West Maui Mountains. We currently receive government assistance two July 1, 2023 six July 1, 2023 June 30, 2024 April 1, 2019 April 30, 2024 2023 2022. Revenue from resort amenities consist of annual dues received from the Kapalua Club membership program. Member services include access, special programs, and other privileges at certain of the amenities at the Kapalua Resort. Annual membership dues are recognized on a straight-line basis over one The Company estimates credit losses on accounts receivable from customers by considering relevant information (past, current, and future) in assessing the collectability of cash flows. The expected credit losses of the Company’s accounts receivable are summarized in Note 14 Economic factors affecting the nature, amount, timing, and uncertainty of the Company’s revenue and cash flows are identified as Risks and Uncertainties in this Note 1.
Operating Costs And Expenses [Policy Text Block]	OPERATING COSTS AND EXPENSES Real estate, leasing, resort amenities, and general and administrative costs and expenses are reflected exclusive of depreciation and pension and other post-retirement expenses.
Share-Based Payment Arrangement [Policy Text Block]	SHARE-BASED COMPENSATION PLANS The Company accounts for share-based compensation, including grants of restricted shares of common stock and options to purchase common shares, as compensation expense over the respective vesting periods in the consolidated financial statements based on their fair values on the grant dates. The impact of forfeitures that may
Income Tax, Policy [Policy Text Block]	INCOME TAXES The Company accounts for uncertain tax positions using a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company’s provision for income taxes is calculated using the liability method. Deferred income taxes are provided for all temporary differences between the financial statement and income tax bases of assets and liabilities using tax rates enacted by law or regulation. A valuation allowance is established for deferred income tax assets if management believes that it is more likely than not not The Company recognizes accrued interest related to unrecognized tax benefits as interest expense and penalties in general and administrative expenses in its consolidated statements of operations and comprehensive income (loss) and such amounts are included in income taxes payable on the Company’s consolidated balance sheets.
Comprehensive Income, Policy [Policy Text Block]	COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) includes all changes in stockholders’ equity, except those resulting from capital stock transactions. Comprehensive income also includes adjustments to the Company’s defined benefit pension plan obligations.
Earnings Per Share, Policy [Policy Text Block]	INCOME (LOSS) PER COMMON SHARE Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is computed similar to basic net income (loss) per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares from share-based compensation arrangements had been issued. Potentially dilutive shares from stock option grants to purchase common shares and non-vested restricted stock are determined using the treasury stock method. Basic weighted-average common shares outstanding at December 31, 2023 2022 December 31, 2023 2022
Fair Value Measurement, Policy [Policy Text Block]	FAIR VALUE MEASUREMENTS GAAP establishes a framework for measuring fair value and requires certain disclosures about fair value measurements to enable the reader of the consolidated financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. GAAP requires that financial assets and liabilities be classified and disclosed in one three Level 1: Level 2: Level 3: not The Company considers cash and cash equivalents to be unrestricted for purposes of the consolidated balance sheets and consolidated statements of cash flows. The fair value of receivables and payables approximate their carrying value due to the short-term nature of the instruments. The valuation is based on settlements of similar financial instruments all of which are short-term in nature and are generally settled at or near cost.
Use of Estimates, Policy [Policy Text Block]	USE OF ESTIMATES The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Future actual amounts could differ from these estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 December 31, 2023 2022. No 2023 2022.
Risks And Uncertainties [Policy Text Block]	RISKS AND UNCERTAINTIES Factors that could adversely impact the Company’s future operations or financial results include, but are not second
Legal Costs, Policy [Policy Text Block]	LEGAL CONTINGENCIES The Company is party to claims and lawsuits as well as threatened or potential actions or claims concerning matters arising from the conduct of its business activities. The outcome of claims or litigation and the timing of ultimate resolution are inherently difficult to predict and significant judgment may 9
New Accounting Pronouncements, Policy [Policy Text Block]	NEW ACCOUNTING STANDARD ADOPTED In June 2016, 2016 13 January 1, 2023 no

Note 1 - Description of Busin_2

Note 1 - Description of Business and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Year Ended December 31, 2023 As Previously Reported Adjustments As Restated (in thousands except per share amounts) OPERATING REVENUES Land development and sales $ 1,626 $ (1,626 ) $ - Leasing 8,461 - 8,461 Resort amenities and other 828 - 828 Total operating revenues 10,915 (1,626 ) 9,289 OPERATING COSTS AND EXPENSES Land development and sales 595 - 595 Leasing 4,420 - 4,420 Resort amenities and other 1,532 - 1,532 General and administrative 3,998 - 3,998 Share-based compensation 2,846 - 2,846 Depreciation 869 - 869 Total operating costs and expenses 14,260 - 14,260 OPERATING LOSS (3,345 ) (1,626 ) (4,971 ) Gain from dercognition of nonfinancial asset - 1,626 1,626 Other income 707 - 707 Pension and other post-retirement expenses (436 ) - (436 ) Interest expense (6 ) - (6 ) NET LOSS $ (3,080 ) - $ (3,080 ) Other comprehensive income - pension, net 1,370 - 1,370 TOTAL COMPREHENSIVE LOSS $ (1,710 ) - $ (1,710 ) NET LOSS PER COMMON SHARE-BASIC AND DILUTED $ (0.15 ) - $ (0.15 )

Note 2 - Investments in Bond _2

Note 2 - Investments in Bond Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Debt Securities, Held-to-Maturity [Table Text Block]	2023 2022 (in thousands) Amortized cost $ 3,135 $ 2,983 Unrealized gains 4 9 Fair value $ 3,139 $ 2,992
Investments Classified by Contractual Maturity Date [Table Text Block]	2023 2022 Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) One year or less $ 2,671 $ 2,671 $ 2,432 $ 2,440 Greater than one year through five years 464 468 551 552 $ 3,135 $ 3,139 $ 2,983 $ 2,992

Note 7 - Accrued Retirement B_2

Note 7 - Accrued Retirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	2023 2022 (in thousands) Defined benefit pension plan $ (33 ) $ 1,023 Non-qualified retirement plan 1,725 1,731 Total 1,692 2,754 Less current portion (142 ) (142 ) Non-current portion of accrued retirement benefits $ 1,550 $ 2,612
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	2023 2022 (in thousands) Change in benefit obligations: Benefit obligations at beginning of year $ 16,537 $ 40,182 Interest cost 783 1,034 Actuarial gain (580 ) (7,772 ) Benefits paid (1,188 ) (16,907 ) Benefit obligations at end of year 15,552 16,537 Change in plan assets: Fair value of plan assets at beginning of year 13,783 32,103 Actual return on plan assets 1,137 (7,241 ) Employer contributions 128 5,828 Benefits paid (1,188 ) (16,907 ) Fair value of plan assets at end of year 13,860 13,783 Funded status $ (1,692 ) $ (2,754 ) Accumulated benefit obligations $ (15,552 ) $ 16,537 Weighted average assumptions to determine benefit obligations: Discount rate 4.90 - 4.95% 5.11 - 5.14% Expected long-term return on plan assets 5.25% 5.00% Rate of compensation increase n/a n/a
Schedule of Net Benefit Costs [Table Text Block]	2023 2022 (in thousands) Pension and other benefits: Interest cost $ 783 $ 1,034 Expected return on plan assets (657 ) (1,226 ) Recognized net actuarial loss 310 585 Settlement expense - 7,492 Pension expense $ 436 $ 7,885 Other changes in plan assets and benefit obligations recognized in comprehensive income: Net loss (gain) $ (1,060 ) $ 696 Amortization of recognized loss (310 ) (8,077 ) Total recognized gain in comprehensive income $ (1,370 ) (7,381 )
Defined Benefit Plan, Assumptions [Table Text Block]	Weighted average assumptions used to determine net periodic benefit cost: 2023 2022 Discount rate 5.11 - 5.14% 2.69 - 2.74% Expected long-term return on plan assets 5.00% 4.00% Rate of compensation increase n/a n/a
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	2023 Fair Value Measurements (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Measured at NAV as a practical expedient Total ACIT equity funds $ - $ 760 $ - $ 760 ACIT fixed income funds - 12,002 70 12,072 Cash management funds - 1,028 - 1,028 $ - $ 13,790 $ 70 $ 13,860 2022 Fair Value Measurements (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Measured at NAV as a practical expedient Total ACIT equity funds $ - $ 631 $ 828 $ 1,459 ACIT fixed income funds - 10,666 261 10,927 Cash management funds - 1,397 - 1,397 $ - $ 12,694 $ 1,089 $ 13,783
Schedule of Expected Benefit Payments [Table Text Block]	Years ending December 31, 2023 $ 1,394 2024 $ 1,373 2025 $ 1,346 2026 $ 1,316 2027 $ 1,277 2028-2032 $ 5,851

Note 10 - Leasing Arrangements

Note 10 - Leasing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Operating Lease, Lease Income [Table Text Block]	2023 2022 (in thousands) Minimum rentals $ 3,409 $ 3,272 Percentage rentals 1,391 1,937 Licensing fees 827 1,001 Other 1,336 1,296 $ 6,963 $ 7,506
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	Years ending December 31, 2024 $ 2,460 2025 $ 2,361 2026 $ 2,338 2027 $ 2,268 2028 $ 1,675 Thereafter $ 8,685

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 (in thousands) Federal income tax expense (benefit) at statutory rate $ (647 ) $ 375 Adjusted for: Permanent differences 99 86 Valuation allowance 548 (461 ) Income tax expense (benefit) $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 (in thousands) Net operating loss and tax credit carryforwards $ 24,648 $ 23,980 Joint venture and other investments (446 ) (27 ) Accrued retirement benefits and other compensation 1,233 1,149 Property net book value 3,002 2,960 Deferred revenue 962 1,016 Reserves and other 37 (50 ) Total deferred tax assets 29,436 29,028 Valuation allowance (29,436 ) (29,028 ) Net deferred tax assets $ - $ -

Note 13 - Segment Information (

Note 13 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Land Development & Sales Leasing Resort Amenities Other Consolidated 2023 (As Restated) Operating revenues $ - $ 8,461 $ 828 $ - $ 9,289 Operating costs and expenses (595 ) (4,420 ) (1,532 ) - (6,547 ) Depreciation expense - (861 ) - (8 ) (869 ) General and administrative expenses (908 ) (456 ) (393 ) (5,087 ) (6,844 ) Operating income (loss) (1,503 ) 2,724 (1,097 ) (5,095 ) (4,971 ) Pension and other postretirement expenses (436 ) Interest expense (6 ) Gain from dercognition of nonfinancial asset 1,626 Other income 707 Income from continuing operations (3,080 ) Capital expenditures $ 200 $ 619 - - $ 819 Assets (3)(4) $ 17,102 $ 14,489 $ 1,018 $ 9,614 $ 42,223 Land Development and Resort Sales Leasing Amenities Other Consolidated 2022 Operating revenues (1) $ 11,600 $ 8,513 $ 847 $ - $ 20,960 Operating costs and expenses (1,026 ) (3,598 ) (1,547 ) - (6,171 ) Depreciation expense - (1,101 ) - (8 ) (1,109 ) General and administrative expenses (1,068 ) (1,141 ) (496 ) (1,368 ) (4,073 ) Operating income (loss) 9,506 2,673 (1,196 ) (1,376 ) 9,607 Pension and other post-retirement expenses (7,885 ) Interest expense (6 ) Other income 71 Income from continuing operations $ 1,787 Capital expenditures (2) $ 33 $ - $ - $ - $ 33 Assets (3) $ 15,274 $ 13,586 $ 815 $ 12,731 $ 42,406

Note 14 - Reserves (Tables)

Note 14 - Reserves (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Description Balance at Beginning of Year Increase (Decrease) Balance at End of Year (in thousands) Allowance for Credit Losses 2023 $ 177 $ 341 $ 518 2022 $ 154 $ 23 $ 177

Supplemental Schedule of Non-_2

Supplemental Schedule of Non-Cash Investing and Financing Activities (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Stock Issued	$ 0.6	$ 0.5
Capital Expenditures Incurred but Not yet Paid	$ 0.5

Note 1 - Description of Busin_3

Note 1 - Description of Business and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($) a $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Jul. 01, 2023 USD ($)	Jun. 29, 2022 $ / shares shares	Apr. 01, 2019 USD ($)
Income Statement [Abstract]
Operating Lease, Lease Income	$ 8,461,000	$ 8,513,000
Capital Units, Authorized (in shares) | shares				48,000,000
Common Stock, Shares Authorized (in shares) | shares	43,000,000	43,000,000		43,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001		$ 0.0001
Preferred Stock, Shares Authorized (in shares) | shares				5,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.0001
Asset Impairment Charges	$ 0	$ 0
Impairment of Deferred Development Costs	$ 0	$ 0
Government Assistance, Operating Income, Increase (Decrease), Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Lease, Lease Income
Weighted Average Number of Shares Outstanding, Basic (in shares) | shares	19,600,000	19,400,000
Weighted Average Number of Shares Outstanding, Diluted (in shares) | shares	19,700,000	19,400,000
Subsidized Stewardship and Conservation Efforts [Member]
Area of Land (Acre) | a	9,000
Government Assistance, Award Amount			$ 510,000
Grants Receivable	$ 75,000				$ 1,100,000
Government Assistance, Operating Income, Increase (Decrease)	$ 300,000	$ 400,000
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Joint Venture Agreement With BRE2 LLC [Member]
Area of Land (Acre) | a	30
Revision of Prior Period, Error Correction, Adjustment [Member]
Income Statement [Abstract]
Operating Lease, Lease Income	$ 0
Land and Development Sales [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	$ 11,600,000
Land and Development Sales [Member] | Revision of Prior Period, Error Correction, Adjustment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ (1,626,000)
HAWAII
Area of Land (Acre) | a	22,300

Note 1 - Description of Busin_4

Note 1 - Description of Business and Significant Accounting Policies - Restatement of Previously Issued Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leasing	$ 8,461	$ 8,513
Total operating revenues	9,289	20,960	[1]
Leasing	4,420	3,598
General and administrative	3,998	2,795
Share-based compensation	2,846	1,278
Depreciation	869	1,109
Total operating costs and expenses	14,260	11,353
OPERATING LOSS	(4,971)	9,607
Gain from dercognition of nonfinancial asset	1,626	0
Other income	707	71
Pension and other post-retirement expenses	(436)	(7,885)
Interest expense	(6)	(6)
NET LOSS	(3,080)	1,787
Other comprehensive income - pension, net	1,370	7,381
TOTAL COMPREHENSIVE LOSS	$ (1,710)	$ 9,168
NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	$ (0.15)	$ 0.09
Land and Development Sales [Member]
Operating revenues	$ 0	$ 11,600
Operating Costs and Expenses	595	1,026
Resort Amenities and Other [Member]
Operating revenues	828	847
Operating Costs and Expenses	1,532	$ 1,547
Previously Reported [Member]
Leasing	8,461
Total operating revenues	10,915
Leasing	4,420
General and administrative	3,998
Share-based compensation	2,846
Depreciation	869
Total operating costs and expenses	14,260
OPERATING LOSS	(3,345)
Gain from dercognition of nonfinancial asset	0
Other income	707
Pension and other post-retirement expenses	(436)
Interest expense	(6)
NET LOSS	(3,080)
Other comprehensive income - pension, net	1,370
TOTAL COMPREHENSIVE LOSS	$ (1,710)
NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	$ (0.15)
Previously Reported [Member] | Land and Development Sales [Member]
Operating revenues	$ 1,626
Operating Costs and Expenses	595
Previously Reported [Member] | Resort Amenities and Other [Member]
Operating revenues	828
Operating Costs and Expenses	1,532
Revision of Prior Period, Error Correction, Adjustment [Member]
Leasing	0
Total operating revenues	(1,626)
Leasing	0
General and administrative	0
Share-based compensation	0
Depreciation	0
Total operating costs and expenses	0
OPERATING LOSS	(1,626)
Gain from dercognition of nonfinancial asset	1,626
Other income	0
Pension and other post-retirement expenses	0
Interest expense	0
NET LOSS	0
Other comprehensive income - pension, net	0
TOTAL COMPREHENSIVE LOSS	$ 0
NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share)	$ 0
Revision of Prior Period, Error Correction, Adjustment [Member] | Land and Development Sales [Member]
Operating revenues	$ (1,626)
Operating Costs and Expenses	0
Revision of Prior Period, Error Correction, Adjustment [Member] | Resort Amenities and Other [Member]
Operating revenues	0
Operating Costs and Expenses	$ 0
[1]Amounts are principally revenues from external customers and exclude equity in earnings of affiliates.

Note 2 - Investments - Amortize

Note 2 - Investments - Amortized Cost to Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 3,135	$ 2,983
Unrealized gains	4	9
Fair value	$ 3,139	$ 2,992

Note 2 - Investments - Maturiti

Note 2 - Investments - Maturities of Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
One year or less, amortized cost	$ 2,671	$ 2,432
One year or less, fair value	2,671	2,440
Greater than one year through five years, amortized cost	464	551
Greater than one year through five years, fair value	468	552
Amortized cost	3,135	2,983
Fair value	$ 3,139	$ 2,992

Note 3 - Assets Held for Sale (

Note 3 - Assets Held for Sale (Details Textual) $ in Millions	Dec. 31, 2021 USD ($)
Kapalua Central Resort Project [Member]
Receivables, Long-term Contracts or Programs, Total	$ 40

Note 4 - Property & Equipment (

Note 4 - Property & Equipment (Details Textual) - Land [Member]	12 Months Ended
	Dec. 31, 2023 a ft²
Area of Land (Acre)	22,300
West Maui [Member]
Area of Land (Acre)	20,000
Area of Elevation from Sea (Square Foot) | ft²	5,700
West Maui [Member] | Kapalua Resort [Member]
Area of Land (Acre)	3,000
Area of Land Designated (Acre)	900
Upcountry Maui [Member]
Area of Land (Acre)	1,500

Note 5 - Investment in Joint _2

Note 5 - Investment in Joint Venture (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) a	Dec. 31, 2022 USD ($)
Equity Method Investments	$ 1,608	$ 0
Gain From Derecognition of Financial Asset	$ 1,626	$ 0
Joint Venture Agreement With BRE2 LLC [Member]
Area of Land (Acre) | a	30
Contribution of Property	$ 1,600
Equity Method Investments	1,600
Gain From Derecognition of Financial Asset	$ 1,600

Note 6 - Long-term Debt (Detail

Note 6 - Long-term Debt (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft²
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Base Rate [Member]
First Hawaiian Bank Revolving Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000
Debt Instrument, Basis Spread on Variable Rate	0.01125%
Line of Credit Facility, Commitment Fee Amount	$ 0
Debt Instrument, Covenant, Required Minimum Liquidity	2,000
Debt Instrument, Covenant, Maximum Total Liabilities	$ 45,000
First Hawaiian Bank Revolving Line of Credit [Member] | Revolving Credit Facility [Member] | Kapalua Resort [Member]
Pledged Assets not Separately Reported, Area of Real Estate (Square Foot) | ft²	30,000

Note 7 - Accrued Retirement B_3

Note 7 - Accrued Retirement Benefits (Details Textual) $ in Thousands	1 Months Ended		12 Months Ended
	Nov. 30, 2022 USD ($)	Aug. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plan, Number of People Receiving Pension Benefits	167
Defined Benefit Plan, Plan Assets, Benefits Paid	$ 14,500		$ 1,188	$ 16,907
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax			$ 6,900	8,300
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction Period (Day)			105 days
Defined Benefit Plan, Plan Assets, Contributions by Employer		$ 5,700	$ 128	$ 5,828
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year			$ 0

Note 7 - Accrued Retirement B_4

Note 7 - Accrued Retirement Benefits - Accrued Retirement Benefits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued retirement benefits	$ 1,692	$ 2,754
Less current portion	(142)	(142)
Non-current portion of accrued retirement benefits	1,550	2,612
Pension Plan [Member] | Qualified Plan [Member]
Accrued retirement benefits	(33)	1,023
Supplemental Employee Retirement Plan [Member] | Nonqualified Plan [Member]
Accrued retirement benefits	$ 1,725	$ 1,731

Note 7 - Accrued Retirement B_5

Note 7 - Accrued Retirement Benefits - Changes in Benefit Obligations and Plan Assets (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Nov. 30, 2022	Aug. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Benefit obligations			$ 16,537	$ 40,182
Interest cost			783	1,034
Actuarial gain			(580)	(7,772)
Benefits paid			(1,188)	(16,907)
Benefit obligations			15,552	16,537
Fair value of plan assets			13,783	32,103
Actual return on plan assets			1,137	(7,241)
Defined Benefit Plan, Plan Assets, Contributions by Employer		$ 5,700	128	5,828
Benefits paid	$ (14,500)		(1,188)	(16,907)
Fair value			13,860	13,783
Funded status			(1,692)	(2,754)
Accumulated benefit obligations			(15,552)	(16,537)
Accumulated benefit obligations			$ 15,552	$ 16,537
Expected long-term return on plan assets			5.25%	5%
Minimum [Member]
Discount rate			4.90%	5.11%
Maximum [Member]
Discount rate			4.95%	5.14%

Note 6 - Accrued Retirement Ben

Note 6 - Accrued Retirement Benefits - Net Periodic Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pension and other benefits:
Interest cost	$ 783	$ 1,034
Expected return on plan assets	(657)	(1,226)
Recognized net actuarial loss	310	585
Settlement expense	0	7,492
Pension expense	436	7,885
Other changes in plan assets and benefit obligations recognized in comprehensive income:
Net loss (gain)	(1,060)	696
Amortization of recognized loss	(310)	(8,077)
Total recognized gain in comprehensive income	$ (1,370)	$ (7,381)

Note 7 - Accrued Retirement B_6

Note 7 - Accrued Retirement Benefits - Summary of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Expected long-term return on plan assets	5%	4%
Minimum [Member]
Discount rate	5.11%	2.69%
Maximum [Member]
Discount rate	5.14%	2.74%

Note 7 - Accrued Retirement B_7

Note 7 - Accrued Retirement Benefits - Fair Values of Pension Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair value of pension plan assets	$ 13,860	$ 13,783	$ 32,103
Equity Funds [Member]
Fair value of pension plan assets	760	1,459
Fixed Income Funds [Member]
Fair value of pension plan assets	12,072	10,927
Money Market Funds [Member]
Fair value of pension plan assets	1,028	1,397
Fair Value, Inputs, Level 1 [Member]
Fair value of pension plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Equity Funds [Member]
Fair value of pension plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Fixed Income Funds [Member]
Fair value of pension plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Fair value of pension plan assets	0	0
Fair Value, Inputs, Level 2 [Member]
Fair value of pension plan assets	13,790	12,694
Fair Value, Inputs, Level 2 [Member] | Equity Funds [Member]
Fair value of pension plan assets	760	631
Fair Value, Inputs, Level 2 [Member] | Fixed Income Funds [Member]
Fair value of pension plan assets	12,002	10,666
Fair Value, Inputs, Level 2 [Member] | Money Market Funds [Member]
Fair value of pension plan assets	1,028	1,397
Fair Value, Inputs, Level 3 [Member]
Fair value of pension plan assets	70	1,089
Fair Value, Inputs, Level 3 [Member] | Equity Funds [Member]
Fair value of pension plan assets	0	828
Fair Value, Inputs, Level 3 [Member] | Fixed Income Funds [Member]
Fair value of pension plan assets	70	261
Fair Value, Inputs, Level 3 [Member] | Money Market Funds [Member]
Fair value of pension plan assets	$ 0	$ 0

Note 7 - Accrued Retirement B_8

Note 7 - Accrued Retirement Benefits - Summary of Contribution to Defined Benefit Plans (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2023	$ 1,394
2024	1,373
2025	1,346
2026	1,316
2027	1,277
2028	$ 5,851

Note 8 - Contract Assets and _2

Note 8 - Contract Assets and Liabilities (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2020
Contract with Customer, Receivable, after Allowance for Credit Loss, Total	$ 400	$ 300	$ 300
License [Member]
Contract with Customer, Liability, Noncurrent	1,367	1,500		$ 2,000
Contract with Customer, Liability, Revenue Recognized	$ 100	$ 100

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2023	Dec. 31, 2022
Payments for Reimbursement of Filtration and Maintenance		$ 22,000	$ 21,000
Notice and Finding of Violation and Order [Member]
Loss Contingency, Damages Sought, Value	$ 230,000

Note 10 - Leasing Arrangement_2

Note 10 - Leasing Arrangements (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Net	$ 16,059,000	$ 15,878,000
Operating Lease, Expense	34,000	49,000
Office and Equipment [Member]
Operating Lease, Payments	23,000	53,000
Asset Leased to Others [Member]
Property, Plant and Equipment, Net	$ 10,300,000	$ 10,100,000

Note 10 - Leasing Arrangement_3

Note 10 - Leasing Arrangements - Rental Income under Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Minimum rentals	$ 3,409	$ 3,272
Percentage rentals	1,391	1,937
Licensing fees	827	1,001
Other	1,336	1,296
Leasing	8,461	8,513
Operating Lease Income Including Water System Sales [Member]
Leasing	$ 6,963	$ 7,506

Note 10 - Leasing Arrangement_4

Note 10 - Leasing Arrangements - Future Minimum Rental Income Receivable (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 2,460
2025	2,361
2026	2,338
2027	2,268
2028	1,675
Thereafter	$ 8,685

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Expense			$ 2,846	$ 1,278
Annual Board Service [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures (in shares)		300,000
Board Committee Service [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		12 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures (in shares)		100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
Share Price (in dollars per share)		$ 12.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 3.88
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year) (Year)		5 years 3 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		28%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		4.16%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)			0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares)			100,000
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 300
Board Committee Service [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)			300,000
Continued Service of the Chairman of the Board [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures (in shares)		400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 9.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year) (Year)		6 years 1 month 13 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		37%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		3.49%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 3.94
Continued Service of the Chairman of the Board [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)		100,000
Continued Service of the Chairman of the Board [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)		100,000
Continued Service of the Chairman of the Board [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)		100,000
Chief Executive Officer [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures (in shares)	400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)	$ 15.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year) (Year)	6 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	31%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	3.82%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)	0.1
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)	$ 6.02
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Payment Arrangement, Expense			$ 1,200	$ 900
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares)			400,000
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 1,400
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1,200

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Domestic Tax Jurisdiction [Member]
Operating Loss Carryforwards	$ 67.5
Operating Loss Carryforwards that Do Not Expire	8.3
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	81.4
Operating Loss Carryforwards that Do Not Expire	$ 8.3

Note 12 - Income Taxes - Effect

Note 12 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal income tax expense (benefit) at statutory rate	$ (647)	$ 375
Adjusted for:
Permanent differences	99	86
Valuation allowance	548	(461)
Income tax expense (benefit)	$ 0	$ 0

Note 12 - Income Taxes - Summar

Note 12 - Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Net operating loss and tax credit carryforwards	$ 24,648	$ 23,980
Joint venture and other investments	(446)	(27)
Accrued retirement benefits and other compensation	1,233	1,149
Property net book value	3,002	2,960
Deferred revenue	962	1,016
Reserves and other	37	(50)
Total deferred tax assets	29,436	29,028
Valuation allowance	(29,436)	(29,028)
Net deferred tax assets	$ 0	$ 0

Note 13 - Segment Information_2

Note 13 - Segment Information (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Equity Method Investments	$ 1,608	$ 0
Joint Venture Agreement With BRE2 LLC [Member]
Equity Method Investments	$ 1,600

Note 13 - Segment Information -

Note 13 - Segment Information - Reportable Segment Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Revenues		$ 9,289		$ 20,960	[1]
Operating costs and expenses				(6,171)
Depreciation expense		(869)		(1,109)
General and administrative expenses				(4,073)
Operating income (loss)		(4,971)		9,607
Pension and other post-retirement expenses		(436)		(7,885)
Interest expense				(6)
Gain from dercognition of nonfinancial asset		1,626		0
Other income		707		71
Income from continuing operations				1,787
Capital expenditures	[2]			33
Assets		42,223		42,406	[3]
Operating Segments [Member]
Revenues	[1]	9,289
Operating costs and expenses		(6,547)
Depreciation expense		(869)
General and administrative expenses		(6,844)
Operating income (loss)		(4,971)
Pension and other post-retirement expenses		(436)
Interest expense		(6)
Gain from dercognition of nonfinancial asset		1,626
Other income		707
Income from continuing operations		(3,080)
Capital expenditures	[2]	819
Assets	[4]	42,223
Operating Segments [Member] | Real Estate Segment [Member]
Revenues	[1]	0		11,600
Operating costs and expenses		(595)		(1,026)
Depreciation expense		0
General and administrative expenses		(908)		(1,068)
Operating income (loss)		(1,503)		9,506
Capital expenditures	[2]	200		33
Assets	[4]	17,102	[3]	15,274
Operating Segments [Member] | Leasing Segment [Member]
Revenues		8,461		8,513	[1]
Operating costs and expenses		(4,420)		(3,598)
Depreciation expense		(861)		(1,101)
General and administrative expenses		(456)		(1,141)
Operating income (loss)		2,724		2,673
Capital expenditures		619		0	[2]
Assets		14,489		13,586	[4]
Operating Segments [Member] | Resort Amenities Segment [Member]
Revenues	[1]	828		847
Operating costs and expenses		(1,532)		(1,547)
Depreciation expense		0
General and administrative expenses		(393)		(496)
Operating income (loss)		(1,097)		(1,196)
Capital expenditures	[2]	0		0
Assets	[4]	1,018		815
Operating Segments [Member] | Corporate Segment and Other Operating Segment [Member]
Revenues	[1]	0
Operating costs and expenses		0
Depreciation expense		(8)		(8)
General and administrative expenses		(5,087)		(1,368)
Operating income (loss)		(5,095)		(1,376)
Capital expenditures	[2]	0		0
Assets	[4]	$ 9,614		$ 12,731
[1]Amounts are principally revenues from external customers and exclude equity in earnings of affiliates.[2]Includes expenditures for property and deferred costs.[3]The Land Development and Sales segment includes a $1.6 million equity method investment[4]Segment assets are located in the United States

Note 14 - Reserves - Allowance

Note 14 - Reserves - Allowance for Doubtful Accounts and Reserves for Environmental Liabilities (Details) - SEC Schedule, 12-09, Allowance, Credit Loss [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance at beginning of year	$ 177	$ 154
Increase	341	23
Balance at end of year	$ 518	$ 177

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual)			1 Months Ended	3 Months Ended
	Aug. 14, 2024 USD ($) a	Aug. 05, 2024 shares	Jul. 31, 2023 shares	Sep. 30, 2024 USD ($)	Oct. 22, 2024 USD ($) a	Jul. 31, 2024 shares	Jul. 01, 2024 shares
The 2023 Plan [Member] | Chair Sellers [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			63,500
The 2023 Plan [Member] | Chair Sellers [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			18,804
Forecast [Member] | Land in Honokeana [Member] | Stewardship and Conservation Efforts Subsidized by the State of Hawaii and the County of Maui [Member]
Area of Land (Acre) | a					50
Government Assistance, Award Amount | $					$ 35,500,000
Forecast [Member] | Maui [Member]
Area of Land (Acre) | a					1,377
Forecast [Member] | Land in Piiholo, Maui, Hawaii [Member]
Area of Land (Acre) | a	11.883
Asset Acquisition, Consideration Transferred | $	$ 7,000,000
Escrow Deposit | $	$ 300,000
Forecast [Member] | The 2017 Equity and Incentive Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		400,000				400,000	400,000
Forecast [Member] | The 2017 Equity and Incentive Award Plan [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Cancellation Expense | $				$ 631,000
Forecast [Member] | The 2017 Equity and Incentive Award Plan [Member] | CEO Randle [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Cancellation Expense | $				229,000
Forecast [Member] | The 2017 Equity and Incentive Award Plan [Member] | Director Case [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Cancellation Expense | $				$ 402,000
Forecast [Member] | The 2023 Plan [Member] | Director Case [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)		6,659
Forecast [Member] | The 2023 Plan [Member] | Director Case [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures (in shares)		56,000
Forecast [Member] | The 2024 Plan [Member] | CEO Randle [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)		28,511
Forecast [Member] | The 2024 Plan [Member] | Director Case [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)		3,124
Forecast [Member] | The 2024 Plan [Member] | Director Case [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures (in shares)		56,000