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sig. Cleanliness 4.5. Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating to anticipated expenses, capital spending and financing sources. Transfer fees: $550, payable to Harmony Ridge Resort. The downtown district is adjacent, providing many opportunities for shopping, dining and entertainment. The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. This quality and pride of ownership was evident when the National Association of RV Parks and Campgrounds Park of the Year was awarded to the resort for 2007-08. sig. The Company follows the policy of charging the costs of non-direct advertising as incurred. Finally, the Company collects Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments from guests which are remitted to the City of Pismo Beach and County of San Luis Obispo and are excluded from revenues. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. Due to the uncertainty surrounding the recent COVID-19 pandemic, the length and severity of the outbreak, and the volatility in the world investment markets, there is uncertainty as to how these events will affect results of the Companys operations going forward. Includes unlimited day use and overnight camping. Sports enthusiasts can enjoy surfing, fishing, kayaking, sailing, body boarding and kite boarding at places like Pismo State Beach. ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. Your new yearly membership fee is $500. Keeping your RV in its best shape assures a fantastic visit every time. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. 1,440 Sq Ft. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS, Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer). You can also share your RV campground experience with loved ones by authorizing their use of the RV. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of September 30, 2020, and the related statements of operations, and statement of changes in stockholders equity, and cash flows for the year then ended; and in our report dated November 18, 2020, we expressed an unmodified opinion on those financial statements. At March 31, 2021, future minimum payments on the capital lease obligations were as follows: Less current portion of capital lease obligations, Total capital lease obligations, net of current portion. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. 165 South Dolliver Street, Pismo Beach, California, 93449, United States. Intl: (407) 917-8432. More Info. The Company has been fortunate not to have significant impact due to economic volatility. Motor home sold makes this membership available. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the "1934 Act"), as of March 31, 2021, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. We have a national one we can no longer use. Web Design and SEO by: Advanced Internet Management. Head out of your timeshare to go ATV riding along sand dunes for great pictures and for a memorable day. The accompanying notes are an integral part of these financial statements. Income from resort operations for the three-month period ended March 31, 2021, increased $340,980, or 24.1%, above the same period in 2020. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Make time to visit Dinosaur Caves Park and Spyglass Park to make the most of the views, rock formations and the wildflowers on the bluffs. ITEM 3. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. Check-in is not available against this resort. 165 South Dolliver Street, Pismo Beach, California, 93449, United States, experience a successful sale on the timeshare resale market. We want $1200 for the membership plus the buyer pays approx. CAPITAL RESOURCES AND PLANNED EXPENDITURES. Amortization expense on assets under capital lease was $37,891 and $32,415 for the six months ended March31, 2021 and 2020, respectively, and $19,035 and $16,206 for the three months ended March 31, 2021 and 2020, respectively. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. ITEM 2. The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations. Take a ride on a biplane along the scenic coast for more memory-making fun times. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. Posted By: John Wayne on 12/02/14 07:19pm They are expensive . Income from Retail Operations for the six-month period ending March 31, 2021, increased by $88,936, or 17.9%, over the previous year. The financial information included in Part I of this Form 10-Q has been reviewed by Brown Armstrong Accountancy Corporation, the Company's Certified Public Accountants, and all adjustments and disclosures proposed by said firm have been reflected in the data presented. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. Rental expense under this operating lease is. It is the policy of management to review the outstanding accounts receivable at year-end, as well as historical bad debt write-offs, and establish an allowance for doubtful accounts for estimated uncollectible accounts. Really good price. There currently is a Letter of Credit written in favor of the County of San Luis Obispo (the County), California for $416,062 to cover a bond requirement relating to public improvements as part of the Companys construction of a new RV service facility. LP Gas, Photo Gallery 3. $8,000 membership. Camp for free at beautiful resort at Gettysburg historic area. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. The Company entered into a lease with the County of San Luis Obispo on 06/02/2020 which expires 06/02/2022 at which time there will be an option to renew. Inventory has been valued at the lower of cost or market on a first-in, first-out basis. A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale. All Rights Reserved. Operating expenses for the three-month period ending March 31, 2021, decreased $79,028, or 6.1%, below the same period ended March 31, 2020. Therefore, interest noted on the balance sheet will not be applied. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. 213 reviews. and consent for Timeshare Broker Associates and. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. Contact us at our email address hvn4us@gmail.com. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, to receive alerts when results become available. On April 28, 2020, the Company (the Borrower) was granted a loan in the aggregate amount of $553,802, pursuant to the Paycheck Protection Program (the PPP) under Division A, Title I of the CARES Act, which was enacted March27, 2020. PCVs financial information is always readily available for your review. (805) 773-1811 Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. $639 for the transfer fees yearly dues of approximately $399. It is anticipated the published rates will continue to market site usage at its highest value and not negatively impact the Company's ability to capture an optimum market share. I also agree to the Terms of Services and Privacy Policy. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. The technical storage or access that is used exclusively for anonymous statistical purposes. Some of these projects include road repair, utility improvements, landscaping, and building repair. QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the quarterly period ended March 31, 2021, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the transition period from __________ to ___________, (Exact name of registrant as specified in its charter), California 95-2990441, (State or other jurisdiction of (IRS Employer ID No. Choose from a variety of sumptuous restaurants ranging from bar and grill establishments to farm-to-table places, or even small cafes for a more intimate dining experience. [ ] Large accelerated filer [ ] Accelerated filer, [X] Non-accelerated filer [X] Smaller reporting company, Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). The information furnished reflects all adjustments, which, in the opinion of management, are necessary to a fair statement of the results for the interim periods. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. Revenue primarily consists of recreational camping space rentals, revenue from recreational vehicle storage space and RV service and repairs, food and beverage sales and other ancillary goods and services. Amenities include: * adult clubhouse * swimming pool and family spa * horseshoes and shuffleboard court * volleyball, basketball * children`s fishing * both teen and children`s recreation rooms * picnic areas, cafe * playground. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. Busy season is in summer when people are out enjoying California's famous sun and surf. STATEMENTS OF OPERATIONS AND RETAINED EARNINGS, THREE AND SIX MONTHS ENDED MARCH 31, 2021 AND 2020, Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes. Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. The resort can supply information on the area's attractions and amenities . Employer contributions are discretionary and are determined on an annual basis. PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13, or 15 (d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. and consent for BuyATimeShare and. The Company does not expect any material changes through March 31, 2022. After one trip to the WorldMark Pismo Read More, Great Campground Vacations at Pismo Creek RV Resort For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV resort, you can't go wrong at Pismo Coast Village RV Resort. Information deemed reliable but not guaranteed. This condition could limit the Company's ability to pass through inflationary increases in operating costs at higher rates. and consent for SellATimeShare and third-party brokers to send me promotions and purchase offers on my timeshare at the above email address and phone number including by autodialer, text msg., and prerecorded msg. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. sig. The Company makes available on its website, www.pismocoastvillage.com, access to its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange Commission (SEC). Once you've decided to buy a Pismo Beach campground membership at Pismo Coast Village RV Resort, you'll find yourself longing to return to your seaside oasis often. Buyers are advised to confirm all data provided. Call 603-883-8626 or 1-800-640-6886 for assistance. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. Consent not required for purchase. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . These risks and uncertainties include, but are not limited to, those relating to competitive industry conditions, California tourism and weather conditions, dependence on existing management, leverage and debt service, the regulation of the recreational vehicle industry, COVID-19 or similar pandemic conditions, domestic or global economic conditions and changes in federal or state tax laws or the administration of such laws. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Enter your details below to be emailed when inventory matching your specifications becomes available. No pending legal proceedings against the Company other than routine litigation incidental to the business. A balance of $83,938 is available if the Company requires additional funding from the line of credit. sig. Located on the largest lot within the Village at Pacific . Resort amenities create a truly memorable stay. At March 31, 2021, September 30, 2020, and March 31, 2020, the cost of assets under capital lease was $405,819, $405,819, and $398,770 and related accumulated amortization was $234,882, $196,991 and $233,750, respectively. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. For purposes of the statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. The General Store is a Hub of Activity Historically the Company, because of its seasonal market, has produced 60% to 65% of its revenue during the third and fourth quarters of the fiscal year, with more than 40% being produced during the fourth quarter. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. and Stockholders of Pismo Coast Village, Inc. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2023 - Sell A Timeshare - All Rights Reserved Website by. If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. View more property details, sales history On the beach, 400 full-hookup sites, general store, restaurant, laundromat,hot showers, complimentary Wi-Fi, heated pool, arcade, bicycle rentals,miniature golf just a short walk to the pier and downtown Pismo Beach. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 2020. Your browser is out of date or unsupported. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. . 100 Ocean View Ave., Pismo Beach, California, 93449. Rates These resorts range from old-fashioned and comfy to sleek and modern. Income before provision for income tax for the three-month period ended March 31, 2021, increased by $440,631, reflecting increased total income compared to the previous year and decreased operating expenses. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. It is substantially less in scope than an audit conducted in accordance with standards of the PCAOB, the objective of which is the expression of an opinion regarding the interim financial statements taken as a whole. This website uses cookies to ensure that you get the best experience on our website. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. With a Pismo Beach timeshare resale, visiting with a guaranteed comfortable stay is a breeze. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . The Company does not have any significant financing components. This increase in income reflects a $335,328, or 36.0%, increase in site revenue, and an increase of $13,080, or 3.1%, in RV storage and spotting activity. sig. Your search does not match any homes. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. The RVing public actively seeks accommodations on the Central Coast despite volatile fuel prices and personal financial uncertainties. Enter your details below to be emailed when inventory matching your specifications becomes available. sig. The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. Revenues during this period are directly attributed to and are consistent with seasonal occupancy of a tourist-oriented business. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. In March of 2020 there was a negative impact on paid occupancy, while the quarter ending March 31, 2021 reflects a 28% increase in paid occupancy over 2020.

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