PISMO COAST VILLAGE INC

CIK:0000216877|SEC Filings

Statements of Comprehensive Income (Loss) (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 3,090,000	$ 2,911,000	$ 7,626,000	$ 6,930,000
Cost and expenses
Operating expenses	2,065,000	1,851,000	6,116,000	5,793,000
Cost of goods sold	132,000	110,000	321,000	258,000
Depreciation and amortization	151,000	140,000	461,000	417,000
Total cost and expenses	2,348,000	2,101,000	6,898,000	6,468,000
Income from operations	742,000	810,000	728,000	462,000
Other income and expense, net	100,000	103,000	274,000	287,000
Income before provision for income tax	842,000	913,000	1,002,000	749,000
Income tax provision	257,000	331,000	306,000	327,000
Net income	$ 585,000	$ 582,000	$ 696,000	$ 422,000
Weighted average shares, basic	1,774	1,774	1,774	1,774
Weighted average shares, diluted	1,774	1,774	1,774	1,774
Net income (loss) per share, basic	$ 330	$ 328	$ 392	$ 238
Net income (loss) per share, diluted	$ 330	$ 328	$ 392	$ 238
Net income	$ 585,000	$ 582,000	$ 696,000	$ 422,000
Other comprehensive income
Change in unearned gain on investments				(6,000)
Comprehensive income	$ 585,000	$ 582,000	$ 696,000	$ 416,000
Total comprehensive income per share	$ 330	$ 328	$ 392	$ 234
Resort operations [Member]
Revenue
Total revenue	$ 2,836,000	$ 2,639,000	$ 6,992,000	$ 6,254,000
Retail operations [Member]
Revenue
Total revenue	205,000	214,000	485,000	504,000
Property lease income [Member]
Revenue
Total revenue	$ 49,000	$ 58,000	$ 149,000	$ 172,000

Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
Statements of Cash Flows (unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 696,000	$ 422,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	461,000	417,000
Amortization of operating lease right-of-use asset	35,000	32,000
Other non-cash expenses	12,000	21,000
Changes in operating assets and liabilities:
Accounts receivable	(4,000)	5,000
Inventories	(10,000)	(29,000)
Prepaid income taxes	100,000	277,000
Prepaid expenses	(114,000)	(132,000)
Accounts payable and accrued liabilities	(54,000)	(27,000)
Accrued wages and related	(214,000)	(212,000)
Customer deposits	1,010,000	1,150,000
Operating lease liabilities	(34,000)	(33,000)
Net cash provided by operating activities	1,884,000	1,891,000
Cash flows from investing activities
Capital expenditures	(278,000)	(181,000)
Redemption (purchase) of investments, net	0	1,092,000
Net cash provided by (used in) investing activities	(278,000)	911,000
Cash flows from financing activities
Principal payments on finance lease obligations	(93,000)	(84,000)
Principal payments on notes payable	0	(210,000)
Net cash used in financing activities	(93,000)	(294,000)
Net increase in cash and cash equivalents	1,513,000	2,508,000
Cash and cash equivalents - beginning of period	13,283,000	10,786,000
Cash and cash equivalents - end of period	14,796,000	13,294,000
Reconciliation of Cash and Cash Equivalents Per Balance Sheets:
Cash and equivalents	1,347,000	1,593,000
Cash reserved for capital improvements	13,449,000	11,701,000
Cash and cash equivalents per statement of cash flows	14,796,000	13,294,000
Schedule of payments of interest and taxes
Cash paid for income tax	165,000	0
Cash paid for interest	60,000	17,000
Supplemental schedule of non-cash investing and financing activities
Operating lease assets and liabilities recognized during the period	110,000	0
Assets acquired under finance leases	$ 111,000	$ 0

Balance Sheets (unaudited) - USD ($)	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash and cash equivalents	$ 1,347,000	$ 1,348,000
Cash reserved for capital improvements and deferred maintenance	13,449,000	11,935,000
Accounts receivable, net of allowance for credit losses of $37,000 and $29,000, respectively	39,000	35,000
Inventories, net	85,000	75,000
Prepaid income taxes	0	100,000
Prepaid expenses	562,000	448,000
Total current assets	15,482,000	13,941,000
Property and equipment, net	16,579,000	16,588,000
Total assets	32,061,000	30,529,000
Current liabilities
Accounts payable and accrued liabilities	396,000	450,000
Accrued wages and related	81,000	295,000
Customer deposits	3,611,000	2,596,000
Current portion of operating lease obligation	53,000	31,000
Current portion of finance lease obligations	131,000	113,000
Total current liabilities	4,272,000	3,485,000
Long-term liabilities
Deferred income taxes	483,000	483,000
Building security deposits	20,000	25,000
Operating lease obligation, net of current portion	54,000	0
Finance lease obligations, net of current portion	539,000	539,000
Total liabilities	5,368,000	4,532,000
Stockholders' equity
Common stock - no par value, 1,800 shares authorized, 1,774 shares issued and outstanding	5,566,000	5,566,000
Retained earnings	21,127,000	20,431,000
Total stockholders' equity	26,693,000	25,997,000
Total liabilities and stockholders' equity	$ 32,061,000	$ 30,529,000