10-Q Filing

PISMO COAST VILLAGE INC CIK: 216877 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001513162-16-000707`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pcv-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 48

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Common stock, no par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,783.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$21.48K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$43.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,783.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$24.76K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,783.00	shares	Point-in-time
Inventory	`InventoryNet`	$193.66K	USD	Point-in-time
Inventory	`InventoryNet`	$192.57K	USD	Point-in-time
Inventory	`InventoryNet`	$190.44K	USD	Point-in-time
Current deferred taxes	`DeferredTaxAssetsNetCurrent`	$92.00K	USD	Point-in-time
Current deferred taxes	`DeferredTaxAssetsNetCurrent`	$102.70K	USD	Point-in-time
Current deferred taxes	`DeferredTaxAssetsNetCurrent`	$103.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$134.01K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.03K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$146.47K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.53M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.93M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.62M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.95M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.43K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$6.02K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$7.76K	USD	Point-in-time
Total Assets	`Assets`	$17.47M	USD	Point-in-time
Total Assets	`Assets`	$17.56M	USD	Point-in-time
Total Assets	`Assets`	$16.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$224.64K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$259.29K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$246.44K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$77.88K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$69.90K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$284.43K	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.26M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.14M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.23M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$86.80K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$50.70K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$76.80K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$127.46K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$96.42K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$125.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.63M	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$912.50K	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$921.80K	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$928.40K	USD	Point-in-time
Long Term Notes Payable	`OtherLongTermNotesPayable`	$87.37K	USD	Point-in-time
Long Term Notes Payable	`OtherLongTermNotesPayable`	$64.28K	USD	Point-in-time
Long Term Notes Payable	`OtherLongTermNotesPayable`	$56.23K	USD	Point-in-time
N/P Heritage Oaks Bank	`NotesPayableToBankNoncurrent`	$1.78M	USD	Point-in-time
N/P Heritage Oaks Bank	`NotesPayableToBankNoncurrent`	$1.76M	USD	Point-in-time
N/P Heritage Oaks Bank	`NotesPayableToBankNoncurrent`	$2.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.72M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,783 shares outstanding at December 31, 2015 and 2014, respectively	`CommonStockValue`	$5.59M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,783 shares outstanding at December 31, 2015 and 2014, respectively	`CommonStockValue`	$5.59M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,783 shares outstanding at December 31, 2015 and 2014, respectively	`CommonStockValue`	$5.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$11.97M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$12.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$12.95M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$16.90M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$17.56M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$17.47M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Resort operations	`OtherHotelOperatingRevenue`	$1.29M	USD	1 Quarter
Resort operations	`OtherHotelOperatingRevenue`	$1.38M	USD	1 Quarter
Retail operations	`RetailRevenue`	$258.91K	USD	1 Quarter
Retail operations	`RetailRevenue`	$305.87K	USD	1 Quarter
Total income	`Revenues`	$1.69M	USD	1 Quarter
Total income	`Revenues`	$1.55M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.24M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.15M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$133.09K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$108.70K	USD	1 Quarter
Depreciation	`Depreciation`	$100.28K	USD	1 Quarter
Depreciation	`Depreciation`	$99.51K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.35M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$192.71K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$211.93K	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$1.01K	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$504.00	USD	1 Quarter
Interest expense	`InterestExpense`	$33.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
Loss on disposal of fixed assets	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
Loss on disposal of fixed assets	`GainsLossesOnSalesOfAssets`	$-1.55K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-32.57K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-26.54K	USD	1 Quarter
Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$160.13K	USD	1 Quarter
Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$185.39K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$79.40K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$71.50K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$105.99K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$88.63K	USD	1 Quarter
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$6.28M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$7.25M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$6.37M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$7.35M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$6.28M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$7.25M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$6.37M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$7.35M	USD	Point-in-time
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$49.71	USD	1 Quarter
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$59.44	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$105.99K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$88.63K	USD	1 Quarter
Depreciation	`Depreciation`	$100.28K	USD	1 Quarter
Depreciation	`Depreciation`	$99.51K	USD	1 Quarter
(Increase) Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.44K	USD	1 Quarter
(Increase) Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.77K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$16.25K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$2.13K	USD	1 Quarter
(Decrease) in deferred tax asset	`IncreaseDecreaseInCurrentDeferredTaxes`	$5.80K	USD	1 Quarter
(Decrease) in deferred tax asset	`IncreaseDecreaseInCurrentDeferredTaxes`	$5.30K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$93.45K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$104.97K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.65K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.52K	USD	1 Quarter
(Decrease) in accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-206.54K	USD	1 Quarter
(Decrease) in accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-175.20K	USD	1 Quarter
Increase in rental deposits	`IncreaseDecreaseInRentalDeposits`	$-30.67K	USD	1 Quarter
Increase in rental deposits	`IncreaseDecreaseInRentalDeposits`	$2.88K	USD	1 Quarter
(Decrease) in Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-62.30K	USD	1 Quarter
(Decrease) in Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$36.10K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-156.65K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-214.36K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.66K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-125.73K	USD	1 Quarter
Disposal of fixed assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Disposal of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$1.55K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$81.64K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.09K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.49K	USD	1 Quarter
Principal repayments of note payable	`RepaymentsOfNotesPayable`	$22.73K	USD	1 Quarter
Principal repayments of note payable	`RepaymentsOfNotesPayable`	$29.88K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.88K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.73K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-160.63K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-205.95K	USD	1 Quarter
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Payments for income tax	`IncomeTaxesPaid`	$137.42K	USD	1 Quarter
Payments for income tax	`IncomeTaxesPaid`	$49.07K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$33.08K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$26.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.