10-Q Filing

PISMO COAST VILLAGE INC CIK: 216877 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001513162-18-000044`
Period End Date	20171231
Filing Date	20180214
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	pcv-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 40 Cash Flow Statement 48

Balance Sheet 83 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`	$2.64M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	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`	$2.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,775.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$21.26K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$22.31K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,775.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,775.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.38K	USD	Point-in-time
Inventory	`InventoryNet`	$191.38K	USD	Point-in-time
Inventory	`InventoryNet`	$191.02K	USD	Point-in-time
Inventory	`InventoryNet`	$206.92K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$29.90K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$158.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$142.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.03M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.73M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.74M	USD	Point-in-time
Pismo Coast Village Recreational Vehicle Resort and Related Assets Net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$14.65M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.11K	USD	Point-in-time
Total Assets	`Assets`	$17.83M	USD	Point-in-time
Total Assets	`Assets`	$17.77M	USD	Point-in-time
Total Assets	`Assets`	$17.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$323.24K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$269.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$267.75K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$326.08K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$86.83K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$75.63K	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.49M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.50M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$1.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$134.20K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$52.60K	USD	Point-in-time
Current portion of note payable	`LongTermDebtCurrent`	$117.50K	USD	Point-in-time
Current portion of note payable	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of note payable	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$45.10K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$47.64K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$38.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.09M	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$810.60K	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$795.40K	USD	Point-in-time
Long-term deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$832.30K	USD	Point-in-time
N/P Pacific Premier Bank	`NotesPayableToBankNoncurrent`	-	USD	Point-in-time
N/P Pacific Premier Bank	`NotesPayableToBankNoncurrent`	$1.29M	USD	Point-in-time
N/P Pacific Premier Bank	`NotesPayableToBankNoncurrent`	-	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$121.45K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$131.10K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$89.07K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.10M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,775 shares outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,775 shares outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Common stock no par value, 1,800 shares issued 1,775 shares outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.98M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$14.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$14.65M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$13.67M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$17.77M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$17.83M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$17.77M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Resort operations	`OtherHotelOperatingRevenue`	$1.58M	USD	1 Quarter
Resort operations	`OtherHotelOperatingRevenue`	$1.45M	USD	1 Quarter
Retail operations	`RetailRevenue`	$271.74K	USD	1 Quarter
Retail operations	`RetailRevenue`	$255.09K	USD	1 Quarter
Total income	`Revenues`	$1.83M	USD	1 Quarter
Total income	`Revenues`	$1.73M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.29M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.27M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$112.95K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$113.55K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$106.86K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$103.28K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.48M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$244.69K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$319.31K	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$1.13K	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$1.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.09K	USD	1 Quarter
Loss on disposal of fixed assets	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
Loss on disposal of fixed assets	`GainsLossesOnSalesOfAssets`	$-1.30K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-19.77K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.28K	USD	1 Quarter
Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$224.92K	USD	1 Quarter
Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$318.04K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$136.40K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$112.40K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$181.64K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$112.52K	USD	1 Quarter
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$9.26M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$9.08M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$8.10M	USD	Point-in-time
Retained Earnings Beginning of Period	`RetainedEarningsAccumulatedDeficit`	$7.98M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$9.26M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$9.08M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$8.10M	USD	Point-in-time
Retained Earnings End of Period	`RetainedEarningsAccumulatedDeficit`	$7.98M	USD	Point-in-time
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$63.39	USD	1 Quarter
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$102.33	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$181.64K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$112.52K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$106.86K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$103.28K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-884.00	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.02K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$151.00	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$15.90K	USD	1 Quarter
(Decrease) in deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$15.20K	USD	1 Quarter
(Decrease) in deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$13.90K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-126.30K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$118.26K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$138.75K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.82K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$55.49K	USD	1 Quarter
(Decrease) in accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-210.05K	USD	1 Quarter
(Decrease) in accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-239.25K	USD	1 Quarter
Increase in rental deposits	`IncreaseDecreaseInRentalDeposits`	$55.08K	USD	1 Quarter
Increase in rental deposits	`IncreaseDecreaseInRentalDeposits`	$8.63K	USD	1 Quarter
Increase in Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$81.60K	USD	1 Quarter
Increase in Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-155.65K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-34.86K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.66K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.99K	USD	1 Quarter
Disposal of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$1.30K	USD	1 Quarter
Disposal of fixed assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.53K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.54K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.53K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.24K	USD	1 Quarter
Principal repayments of note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-39.14K	USD	1 Quarter
Principal repayments of note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-12.19K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.14K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.19K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.73K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.28K	USD	1 Quarter
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.62M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.62M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$20.09K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.41K	USD	1 Quarter

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