$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

$prsi Overview Financials Valuation SEC Filings Company Website

2013 Q2 Form 10-Q Financial Statement

#000114420413027755 Filed on May 10, 2013

Income Statement

Concept	2013 Q2	2013 Q1	2012 Q1
Revenue	$12.98M	$10.48M	$10.15M
YoY Change	20.3%	3.16%	23.98%
Cost Of Revenue	$10.51M	$9.560M	$8.570M
YoY Change	17.43%	11.55%	20.53%
Gross Profit	$2.470M	$910.0K	$1.580M
YoY Change	34.24%	-42.41%	47.66%
Gross Profit Margin	19.03%	8.69%	15.56%
Selling, General & Admin	$130.0K	$170.0K	$160.0K
YoY Change	-7.14%	6.25%	0.0%
% of Gross Profit	5.26%	18.68%	10.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$570.0K	$560.0K	$540.0K
YoY Change	0.0%	3.7%	8.0%
% of Gross Profit	23.08%	61.54%	34.18%
Operating Expenses	$700.0K	$9.732M	$8.736M
YoY Change	-1.41%	11.4%	1223.64%
Operating Profit	$1.770M	$183.0K	$872.0K
YoY Change	56.64%	-79.01%	112.68%
Interest Expense	-$790.0K	-$590.0K	-$510.0K
YoY Change	154.84%	15.69%	-15.0%
% of Operating Profit	-44.63%	-322.4%	-58.49%
Other Income/Expense, Net	-$60.00K	-$722.0K	-$404.0K
YoY Change	0.0%	78.71%	405.0%
Pretax Income	$950.0K	-$539.0K	$468.0K
YoY Change	106.52%	-215.17%	-241.82%
Income Tax	$40.00K	-$141.0K	$126.0K
% Of Pretax Income	4.21%		26.92%
Net Earnings	$330.0K	-$204.0K	$206.0K
YoY Change	106.25%	-199.03%	-258.46%
Net Earnings / Revenue	2.54%	-1.95%	2.03%
Basic Earnings Per Share
Diluted Earnings Per Share	$452.1K	-$274.0K	$287.7K
COMMON SHARES
Basic Shares Outstanding	734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q2	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$670.0K	$260.0K	$670.0K
YoY Change	-34.95%	-61.19%	-22.09%
Cash & Equivalents	$668.0K	$255.0K	$669.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$918.0K
Prepaid Expenses
Receivables	$1.960M	$1.940M	$1.330M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.630M	$2.200M	$2.000M
YoY Change	-1.5%	10.0%	-6.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$34.05M	$33.73M	$32.68M
YoY Change	3.74%	3.21%	1.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.460M	$9.480M	$10.07M
YoY Change	5.46%	-5.86%	-17.32%
Other Assets	$3.190M	$3.220M	$3.250M
YoY Change	-1.54%	-0.92%	9.43%
Total Long-Term Assets	$48.70M	$48.83M	$48.68M
YoY Change	2.74%	0.31%	-1.91%
TOTAL ASSETS
Total Short-Term Assets	$2.630M	$2.200M	$2.000M
Total Long-Term Assets	$48.70M	$48.83M	$48.68M
Total Assets	$51.33M	$51.03M	$50.68M
YoY Change	2.51%	0.69%	-2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.180M	$9.620M	$7.720M
YoY Change	8.77%	24.61%	0.65%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$9.180M	$9.620M	$7.720M
YoY Change	8.77%	24.61%	0.65%
LONG-TERM LIABILITIES
Long-Term Debt	$45.01M	$45.29M	$46.98M
YoY Change	-2.97%	-3.6%	-3.27%
Other Long-Term Liabilities	$1.110M	$1.000M	$1.400M
YoY Change	362.5%	-28.57%	-30.35%
Total Long-Term Liabilities	$46.12M	$46.29M	$48.38M
YoY Change	-1.09%	-4.32%	-4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.180M	$9.620M	$7.720M
Total Long-Term Liabilities	$46.12M	$46.29M	$48.38M
Total Liabilities	$55.29M	$55.91M	$47.57M
YoY Change	0.4%	17.52%	-2.04%
SHAREHOLDERS EQUITY
Retained Earnings	$574.0K	$240.0K
YoY Change	118.25%
Common Stock	$3.008M	$3.008M
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.582M	$3.248M	$3.110M
YoY Change
Total Liabilities & Shareholders Equity	$51.33M	$51.03M	$50.68M
YoY Change	2.51%	0.69%	-2.11%

Cashflow Statement

Concept	2013 Q2	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$330.0K	-$204.0K	$206.0K
YoY Change	106.25%	-199.03%	-258.46%
Depreciation, Depletion And Amortization	$570.0K	$560.0K	$540.0K
YoY Change	0.0%	3.7%	8.0%
Cash From Operating Activities	$1.540M	$990.0K	$470.0K
YoY Change	-5.52%	110.64%	-63.85%
INVESTING ACTIVITIES
Capital Expenditures	-$850.0K	-$1.170M	-$390.0K
YoY Change	23.19%	200.0%	-7.14%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$850.0K	-$1.170M	-$390.0K
YoY Change	23.19%	200.0%	-4.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-280.0K	-690.0K	-600.0K
YoY Change	-51.72%	15.0%	-1.64%
NET CHANGE
Cash From Operating Activities	1.540M	990.0K	470.0K
Cash From Investing Activities	-850.0K	-1.170M	-390.0K
Cash From Financing Activities	-280.0K	-690.0K	-600.0K
Net Change In Cash	410.0K	-870.0K	-520.0K
YoY Change	13.89%	67.31%	-285.71%
FREE CASH FLOW
Cash From Operating Activities	$1.540M	$990.0K	$470.0K
Capital Expenditures	-$850.0K	-$1.170M	-$390.0K
Free Cash Flow	$2.390M	$2.160M	$860.0K
YoY Change	3.02%	151.16%	-50.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	560000	USD
CY2012Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	546000	USD
	us-gaap	Profit Loss ProfitLoss	911000	USD
	us-gaap	Profit Loss ProfitLoss	1686000	USD
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-340000	USD
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-1009000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1686000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1591000	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	964000	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-168000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	302000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-356000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	115000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	757000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1179000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-239000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	18000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-49000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3620000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3599000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2512000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2132000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2512000	USD
CY2012Q1	us-gaap	Costs And Expenses CostsAndExpenses	9282000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	872000	USD
CY2012Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	676000	USD
CY2012Q1	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	344000	USD
CY2012Q1	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	10154000	USD
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	126000	USD
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-194000	USD
CY2012Q1	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	8572000	USD
CY2013Q1	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	10475000	USD
CY2013Q1	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	9563000	USD
CY2012Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.28
CY2012Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2013Q1	us-gaap	Costs And Expenses CostsAndExpenses	10292000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	183000	USD
CY2013Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	648000	USD
CY2013Q1	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-17000	USD
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-404000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	468000	USD
CY2012Q1	us-gaap	Profit Loss ProfitLoss	342000	USD
CY2012Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	136000	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	206000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2052000	USD
CY2013Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	18000	USD
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	426000	USD
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	349000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1885000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1488000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-777000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	59000	USD
CY2012Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	18000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	255000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	669000	USD
	us-gaap	Interest Paid InterestPaid	2003000	USD
	us-gaap	Interest Paid InterestPaid	2096000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	54000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	54000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	73019000	USD
CY2013Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	-39290000	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	169000	USD
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	164000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33729000	USD
CY2013Q1	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	3000	USD
CY2012Q1	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	11000	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-722000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-539000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-141000	USD
CY2013Q1	us-gaap	Profit Loss ProfitLoss	-398000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	-204000	USD
CY2012Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	70508000	USD
CY2012Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	-37686000	USD
CY2012Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	32822000	USD
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.28
	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	33581000	USD
	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	31675000	USD
	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	28125000	USD
	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	24513000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	2059000	USD
CY2013Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses	761000	USD
CY2012Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses	579000	USD
CY2013Q1	us-gaap	Cost Method Investments CostMethodInvestments	3057000	USD
CY2012Q2	us-gaap	Cost Method Investments CostMethodInvestments	2118000	USD
	us-gaap	Unrealized Gain On Securities UnrealizedGainOnSecurities	1055000	USD
CY2012	us-gaap	Unrealized Gain On Securities UnrealizedGainOnSecurities	1292000	USD
	us-gaap	Unrealized Loss On Securities UnrealizedLossOnSecurities	805000	USD
CY2012	us-gaap	Unrealized Loss On Securities UnrealizedLossOnSecurities	727000	USD
	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	250000	USD
CY2012	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	565000	USD
CY2013Q1	us-gaap	Trading Securities Fair Value Disclosure TradingSecuritiesFairValueDisclosure	3307000	USD
CY2012Q2	us-gaap	Trading Securities Fair Value Disclosure TradingSecuritiesFairValueDisclosure	2683000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1686000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1591000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	509000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	453000	USD
CY2013Q1	us-gaap	Revenues Revenues	10475000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	30320000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	26557000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	3261000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	5118000	USD
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	9732000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	1972000	USD
CY2013Q1	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	56000	USD
CY2012Q1	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	159000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-260000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-1027000	USD
CY2013Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-73000	USD
CY2012Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	185000	USD
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	181000	USD
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	204000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2332000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3481000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	929000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1637000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-49000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	750000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1615000	USD
	us-gaap	Net Income Loss NetIncomeLoss	161000	USD
	us-gaap	Net Income Loss NetIncomeLoss	71000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.22
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.10
CY2013Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-74000	USD
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	80000	USD
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-18000	USD
CY2013Q1	us-gaap	Assets Assets	51029000	USD
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-340000	USD
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-1009000	USD
CY2012Q1	us-gaap	Revenues Revenues	10154000	USD
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	8736000	USD
CY2012Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	272000	USD
CY2012Q1	us-gaap	Assets Assets	50680000	USD
	us-gaap	Revenues Revenues	33581000	USD
	us-gaap	Operating Expenses OperatingExpenses	28634000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-360000	USD
	us-gaap	Revenues Revenues	31675000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1422000	USD
CY2013Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	973000	USD
CY2012Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	973000	USD
CY2013Q1	us-gaap	Trading Securities TradingSecurities	3307000	USD
CY2012Q2	us-gaap	Trading Securities TradingSecurities	2683000	USD
CY2013Q1	us-gaap	Other Investments OtherInvestments	5199000	USD
CY2012Q2	us-gaap	Other Investments OtherInvestments	5311000	USD
CY2013Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	1943000	USD
CY2012Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	1641000	USD
CY2013Q1	us-gaap	Other Assets OtherAssets	2405000	USD
CY2012Q2	us-gaap	Other Assets OtherAssets	2371000	USD
CY2013Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3218000	USD
CY2012Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3236000	USD
CY2012Q2	us-gaap	Assets Assets	50069000	USD
CY2013Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9618000	USD
CY2012Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	8438000	USD
CY2013Q1	us-gaap	Other Notes Payable OtherNotesPayable	1646000	USD
CY2012Q2	us-gaap	Other Notes Payable OtherNotesPayable	2072000	USD
CY2013Q1	us-gaap	Liabilities Liabilities	55905000	USD
CY2012Q2	us-gaap	Liabilities Liabilities	55072000	USD
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2012Q2	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2013Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	916000	USD
CY2012Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	916000	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	240000	USD
CY2012Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	263000	USD
CY2013Q1	us-gaap	Minority Interest MinorityInterest	-8124000	USD
CY2012Q2	us-gaap	Minority Interest MinorityInterest	-8274000	USD
CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-4876000	USD
CY2012Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-5003000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	3248000	USD
CY2012Q2	us-gaap	Stockholders Equity StockholdersEquity	3271000	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	51029000	USD
CY2012Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	50069000	USD
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2012Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
	us-gaap	Operating Expenses OperatingExpenses	24966000	USD
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2012Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2012Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2013Q1	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	5192000	USD
	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	0	USD
CY2012Q2	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	5192000	USD
	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	-274000	USD
CY2013Q1	prsi	Due To Securities Broker DueToSecuritiesBroker	905000	USD
CY2012Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	53000	USD
CY2013Q1	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	91000	USD
CY2012Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	188000	USD
CY2013Q1	prsi	Mortgage Notes Payable MortgageNotesPayable	43645000	USD
CY2012Q2	prsi	Mortgage Notes Payable MortgageNotesPayable	44321000	USD
CY2013Q1	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	0	USD
CY2012Q1	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	-5000	USD
CY2013Q1	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	0	USD
CY2012Q1	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	12000	USD
CY2013Q1	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	60000	USD
CY2012Q1	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	66000	USD
	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	-112000	USD
	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	-175000	USD
	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	0	USD
	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	247000	USD
	us-gaap	Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest	0.50	pure
	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	169000	USD
	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	177000	USD
	prsi	Net Unrealized Income On Other Investments NetUnrealizedIncomeOnOtherInvestments	-112000	USD
	prsi	Net Unrealized Income On Other Investments NetUnrealizedIncomeOnOtherInvestments	-175000	USD
	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	0	USD
	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	247000	USD
	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	852000	USD
	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	-650000	USD
	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	-97000	USD
	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	62000	USD
	prsi	Proceeds Payments Other Investments ProceedsPaymentsOtherInvestments	0	USD
	prsi	Proceeds Payments Other Investments ProceedsPaymentsOtherInvestments	80000	USD
	prsi	Repayments Of Mortgage Notes RepaymentsOfMortgageNotes	676000	USD
	prsi	Repayments Of Mortgage Notes RepaymentsOfMortgageNotes	639000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	783000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	500000	USD
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	183000	USD
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Trading Symbol TradingSymbol	prsi
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	734183	shares
	dei	Entity Registrant Name EntityRegistrantName	PORTSMOUTH SQUARE INC
	dei	Entity Central Index Key EntityCentralIndexKey	0000079661
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2013Q1	prsi	Cost Method Investment Ownership Percentage CostMethodInvestmentOwnershipPercentage	0.2	pure

Files In Submission

Name	View Source	Status
0001144204-13-027755-index-headers.html	Edgar Link	pending
0001144204-13-027755-index.html	Edgar Link	pending
0001144204-13-027755.txt	Edgar Link	pending
0001144204-13-027755-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
prsi-20130331.xml	Edgar Link	completed
prsi-20130331.xsd	Edgar Link	pending
prsi-20130331_cal.xml	Edgar Link	unprocessable
prsi-20130331_def.xml	Edgar Link	unprocessable
prsi-20130331_lab.xml	Edgar Link	unprocessable
prsi-20130331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v343346_10q.htm	Edgar Link	pending
v343346_ex31-1.htm	Edgar Link	pending
v343346_ex31-2.htm	Edgar Link	pending
v343346_ex32-1.htm	Edgar Link	pending
v343346_ex32-2.htm	Edgar Link	pending

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$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

2013 Q2 Form 10-Q Financial Statement

#000114420413027755 Filed on May 10, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI PORTSMOUTH SQUARE INC Stock $prsi

2013 Q2 Form 10-Q Financial Statement

#000114420413027755 Filed on May 10, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI
PORTSMOUTH SQUARE INC Stock $prsi