10-Q Filing

PISMO COAST VILLAGE INC CIK: 216877 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001513162-21-000068`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	pcv-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 65 Cash Flow Statement 53 Stockholders Equity 17

Balance Sheet 74 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
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.16M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	1,800.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,775.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$25.61K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$19.66K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$23.92K	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
Inventories	`InventoryNet`	$210.96K	USD	Point-in-time
Inventories	`InventoryNet`	$190.21K	USD	Point-in-time
Inventories	`InventoryNet`	$211.50K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$271.20K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$281.93K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$119.00K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$27.92K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$22.09K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$23.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.96M	USD	Point-in-time
Net of accumulated depreciation and Amortization	`PropertyPlantAndEquipmentNet`	$15.41M	USD	Point-in-time
Net of accumulated depreciation and Amortization	`PropertyPlantAndEquipmentNet`	$15.54M	USD	Point-in-time
Net of accumulated depreciation and Amortization	`PropertyPlantAndEquipmentNet`	$15.46M	USD	Point-in-time
Total Assets	`Assets`	$22.50M	USD	Point-in-time
Total Assets	`Assets`	$23.94M	USD	Point-in-time
Total Assets	`Assets`	$21.14M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$280.47K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$283.36K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$280.78K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$278.87K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$122.25K	USD	Point-in-time
Accrued salaries and vacation	`EmployeeRelatedLiabilitiesCurrent`	$108.75K	USD	Point-in-time
Rental deposits	`RentalDeposits`	$2.12M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$2.06M	USD	Point-in-time
Rental deposits	`RentalDeposits`	$3.03M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$59.06K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$46.70K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$54.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$435.60K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$423.10K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$375.40K	USD	Point-in-time
PPP Loan Payable	`LongTermLoansPayable`	$555.72K	USD	Point-in-time
PPP Loan Payable	`LongTermLoansPayable`	$557.63K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$220.53K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$173.50K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$187.67K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.61M	USD	Point-in-time
Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively	`CommonStockValue`	$5.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$17.97M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$17.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$19.34M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$22.50M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$21.14M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$23.94M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Income	`Revenues`	$3.47M	USD	2 Qtrs
Income	`Revenues`	$2.03M	USD	1 Quarter
Income	`Revenues`	$4.10M	USD	2 Qtrs
Income	`Revenues`	$1.65M	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$1.29M	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$2.59M	USD	2 Qtrs
Operating expenses	`OtherCostAndExpenseOperating`	$1.21M	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$2.71M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$127.77K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$274.46K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$228.02K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$105.01K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$198.57K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$101.60K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$204.70K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$98.69K	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$1.50M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$3.14M	USD	2 Qtrs
Total cost and expenses	`CostsAndExpenses`	$1.44M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$3.06M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$590.16K	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$150.18K	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$328.86K	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$1.05M	USD	2 Qtrs
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$833.00	USD	2 Qtrs
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$334.00	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$500.00	USD	1 Quarter
Interest/dividend income	`InvestmentIncomeInterestAndDividend`	$1.01K	USD	2 Qtrs
Interest expense	`InterestExpense`	$10.94K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.08K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.80K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-7.24K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-9.93K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-4.30K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-3.65K	USD	1 Quarter
Income Before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.04M	USD	2 Qtrs
Income Before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$586.51K	USD	1 Quarter
Income Before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$145.88K	USD	1 Quarter
Income Before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$318.93K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$94.40K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$330.30K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$184.30K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$43.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$306.35K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-32.41K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$224.53K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$708.56K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$686.74K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$402.21K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$102.88K	USD	1 Quarter
Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-11.14K	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-11.14K	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$402.21K	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$213.39K	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$708.56K	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$102.88K	USD	1 Quarter
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$126.50	USD	2 Qtrs
Net Income Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$399.19	USD	2 Qtrs
Total Comprehensive Income Per Share (in Dollars per share)	`ComprehensiveIncomePerShare`	$399.19	USD	2 Qtrs
Total Comprehensive Income Per Share (in Dollars per share)	`ComprehensiveIncomePerShare`	$120.22	USD	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$306.35K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-32.41K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$224.53K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$708.56K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$686.74K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$402.21K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$102.88K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$198.57K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$101.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$204.70K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$98.69K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.49K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.95K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$21.29K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$19.72K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$277.03K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-152.20K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$1.81K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$1.67K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-314.00	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.98K	USD	2 Qtrs
Accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-251.16K	USD	2 Qtrs
Accrued salaries and vacation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-156.63K	USD	2 Qtrs
Rental deposits	`IncreaseDecreaseInRentalDeposits`	$969.23K	USD	2 Qtrs
Rental deposits	`IncreaseDecreaseInRentalDeposits`	$528.01K	USD	2 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$47.70K	USD	2 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$9.20K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.10M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$207.27K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$431.80K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.81M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.50K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$352.84K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-352.84K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.50K	USD	2 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.92K	USD	2 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$22.01K	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$28.54K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.62K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.01K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$56.95K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.70M	USD	2 Qtrs
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.16M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Cash and Cash Equivalents Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.45M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.16M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Cash and Cash Equivalents End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.45M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$8.08K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$10.94K	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.34M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$306.35K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-32.41K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$224.53K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$708.56K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$686.74K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$402.21K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$102.88K	USD	1 Quarter
Balance	`StockholdersEquity`	$17.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.34M	USD	Point-in-time

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