$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

$prsi Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-Q Financial Statement

#000114420414009739 Filed on February 14, 2014

Income Statement

Concept	2014 Q1	2013 Q4	2012 Q4
Revenue	$11.85M	$12.27M	$10.97M
YoY Change	13.12%	11.89%	5.38%
Cost Of Revenue	$10.62M	$9.490M	$9.400M
YoY Change	11.09%	0.96%	20.51%
Gross Profit	$1.230M	$2.780M	$1.570M
YoY Change	35.16%	77.07%	-40.08%
Gross Profit Margin	10.38%	22.65%	14.31%
Selling, General & Admin	$180.0K	$1.260M	$170.0K
YoY Change	5.88%	641.18%	13.33%
% of Gross Profit	14.63%	45.32%	10.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$440.0K	$700.0K	$570.0K
YoY Change	-21.43%	22.81%	7.55%
% of Gross Profit	35.77%	25.18%	36.31%
Operating Expenses	$10.50M	$18.05M	$9.569M
YoY Change	7.88%	88.59%	1328.21%
Operating Profit	$909.0K	-$6.470M	$833.0K
YoY Change	396.72%	-876.71%	-57.28%
Interest Expense	-$1.740M	-$490.0K	-$1.230M
YoY Change	194.92%	-60.16%	80.88%
% of Operating Profit	-191.42%		-147.66%
Other Income/Expense, Net	-$1.783M	-$5.876M	-$60.00K
YoY Change	146.95%	9693.33%	20.0%
Pretax Income	-$874.0K	-$12.35M	-$475.0K
YoY Change	62.15%	2499.16%	-143.98%
Income Tax	-$332.0K	-$2.732M	-$165.0K
% Of Pretax Income
Net Earnings	-$487.0K	-$8.659M	-$437.0K
YoY Change	138.73%	1881.46%	-245.67%
Net Earnings / Revenue	-4.11%	-70.55%	-3.98%
Basic Earnings Per Share
Diluted Earnings Per Share	-$671.2K	-$11.86M	-$602.7K
COMMON SHARES
Basic Shares Outstanding	734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q1	2013 Q4	2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.000M	$2.430M	$1.120M
YoY Change	284.62%	116.96%	-6.67%
Cash & Equivalents	$999.0K	$2.426M	$1.121M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$1.740M	$1.580M	$1.750M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.740M	$4.010M	$2.870M
YoY Change	24.55%	39.72%	2.14%
LONG-TERM ASSETS
Property, Plant & Equipment	$33.43M	$33.22M	$33.07M
YoY Change	-0.89%	0.45%	0.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.230M	$9.490M	$8.780M
YoY Change	-2.64%	8.09%	-5.29%
Other Assets	$24.25M	$25.40M	$3.080M
YoY Change	653.11%	724.68%	-8.61%
Total Long-Term Assets	$71.45M	$71.70M	$47.75M
YoY Change	46.34%	50.14%	-0.84%
TOTAL ASSETS
Total Short-Term Assets	$2.740M	$4.010M	$2.870M
Total Long-Term Assets	$71.45M	$71.70M	$47.75M
Total Assets	$74.19M	$75.71M	$50.62M
YoY Change	45.4%	49.55%	-0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.39M	$13.88M	$8.660M
YoY Change	59.98%	60.28%	8.52%
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	$15.39M	$13.88M	$8.660M
YoY Change	59.98%	60.28%	8.52%
LONG-TERM LIABILITIES
Long-Term Debt	$134.6M	$136.8M	$45.97M
YoY Change	197.28%	197.63%	-3.38%
Other Long-Term Liabilities	$520.0K	$800.0K	$470.0K
YoY Change	-48.0%	70.21%	-59.83%
Total Long-Term Liabilities	$135.2M	$137.6M	$46.44M
YoY Change	191.99%	196.34%	-4.74%
TOTAL LIABILITIES
Total Short-Term Liabilities	$15.39M	$13.88M	$8.660M
Total Long-Term Liabilities	$135.2M	$137.6M	$46.44M
Total Liabilities	$144.3M	$151.5M	$47.17M
YoY Change	158.19%	221.2%	-1.87%
SHAREHOLDERS EQUITY
Retained Earnings	-$72.24M	-$71.75M
YoY Change	-30198.75%
Common Stock	$0.00	$2.092M
YoY Change	-100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$70.15M	-$69.66M	$3.460M
YoY Change
Total Liabilities & Shareholders Equity	$74.19M	$75.71M	$50.62M
YoY Change	45.4%	49.56%	-0.69%

Cashflow Statement

Concept	2014 Q1	2013 Q4	2012 Q4
OPERATING ACTIVITIES
Net Income	-$487.0K	-$8.659M	-$437.0K
YoY Change	138.73%	1881.46%	-245.67%
Depreciation, Depletion And Amortization	$440.0K	$700.0K	$570.0K
YoY Change	-21.43%	22.81%	7.55%
Cash From Operating Activities	$10.00K	-$2.140M	$920.0K
YoY Change	-98.99%	-332.61%	-44.24%
INVESTING ACTIVITIES
Capital Expenditures	-$640.0K	-$1.010M	-$660.0K
YoY Change	-45.3%	53.03%	-33.33%
Acquisitions
YoY Change
Other Investing Activities	-$80.00K		$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$720.0K	-$1.010M	-$660.0K
YoY Change	-38.46%	53.03%	-34.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-710.0K	4.270M	-740.0K
YoY Change	2.9%	-677.03%	72.09%
NET CHANGE
Cash From Operating Activities	10.00K	-2.140M	920.0K
Cash From Investing Activities	-720.0K	-1.010M	-660.0K
Cash From Financing Activities	-710.0K	4.270M	-740.0K
Net Change In Cash	-1.420M	1.120M	-480.0K
YoY Change	63.22%	-333.33%	-328.57%
FREE CASH FLOW
Cash From Operating Activities	$10.00K	-$2.140M	$920.0K
Capital Expenditures	-$640.0K	-$1.010M	-$660.0K
Free Cash Flow	$650.0K	-$1.130M	$1.580M
YoY Change	-69.91%	-171.52%	-40.15%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	75706000	USD
CY2013Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	1957000	USD
CY2013Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	1580000	USD
CY2013Q2	us-gaap	Other Assets OtherAssets	2004000	USD
CY2013Q4	us-gaap	Other Assets OtherAssets	3594000	USD
CY2013Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3193000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	5454000	USD
CY2013Q2	us-gaap	Assets Assets	51327000	USD
CY2013Q4	us-gaap	Assets Assets	75706000	USD
CY2013Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9176000	USD
CY2013Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	13884000	USD
CY2013Q4	us-gaap	Minority Interest MinorityInterest	-6146000	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-75804000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-71750000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	-69658000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	151510000	USD
CY2013Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	579000	USD
CY2013Q4	prsi	Due To Securities Broker DueToSecuritiesBroker	286000	USD
CY2013Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	531000	USD
CY2013Q4	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	518000	USD
CY2013Q2	us-gaap	Other Notes Payable OtherNotesPayable	1595000	USD
CY2013Q4	us-gaap	Other Notes Payable OtherNotesPayable	731000	USD
CY2013Q2	prsi	Mortgage Notes Payable MortgageNotesPayable	43413000	USD
CY2013Q4	prsi	Mortgage Notes Payable MortgageNotesPayable	117000000	USD
CY2013Q2	us-gaap	Liabilities Liabilities	55294000	USD
CY2013Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q2	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2013Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	916000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	0	USD
CY2013Q4	us-gaap	Trading Securities TradingSecurities	3360000	USD
CY2013Q4	us-gaap	Other Investments OtherInvestments	5157000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2426000	USD
CY2012Q4	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	-737000	USD
	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	207000	USD
CY2013Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	574000	USD
CY2013Q2	us-gaap	Stockholders Equity StockholdersEquity	3582000	USD
CY2013Q2	us-gaap	Minority Interest MinorityInterest	-7549000	USD
CY2013Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-3967000	USD
CY2013Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	51327000	USD
CY2013Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2013Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2013Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	23106000	USD
	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	25579000	USD
CY2012Q4	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	10970000	USD
CY2013Q4	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	12274000	USD
	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	18562000	USD
	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	19025000	USD
CY2012Q4	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	9398000	USD
CY2013Q4	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	9493000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1126000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1298000	USD
CY2012Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	568000	USD
CY2013Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	698000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	340000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	343000	USD
CY2012Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	171000	USD
CY2013Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	174000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	20028000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	29045000	USD
CY2012Q4	us-gaap	Costs And Expenses CostsAndExpenses	10137000	USD
CY2013Q4	us-gaap	Costs And Expenses CostsAndExpenses	18744000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	3078000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3466000	USD
CY2012Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	833000	USD
CY2013Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-6470000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	1324000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	1402000	USD
CY2012Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-475000	USD
	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	6000	USD
CY2012Q4	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	1000	USD
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-267000	USD
CY2013Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-12346000	USD
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	178000	USD
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	171000	USD
CY2012Q4	us-gaap	Interest Expense Debt InterestExpenseDebt	660000	USD
CY2013Q4	us-gaap	Interest Expense Debt InterestExpenseDebt	767000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-243000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	207000	USD
CY2012Q4	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-737000	USD
CY2013Q4	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	114000	USD
	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	112000	USD
	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	3000	USD
CY2012Q4	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	27000	USD
CY2013Q4	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	3000	USD
	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	109000	USD
	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	123000	USD
CY2012Q4	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	55000	USD
CY2013Q4	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	57000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1610000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-6480000	USD
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	201000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	159000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2261000	USD
CY2012Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-165000	USD
CY2013Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2732000	USD
	us-gaap	Profit Loss ProfitLoss	1309000	USD
	us-gaap	Profit Loss ProfitLoss	-7685000	USD
CY2012Q4	us-gaap	Profit Loss ProfitLoss	-310000	USD
CY2013Q4	us-gaap	Profit Loss ProfitLoss	-9614000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	944000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	257000	USD
CY2012Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	127000	USD
CY2013Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-955000	USD
	us-gaap	Net Income Loss NetIncomeLoss	365000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-7942000	USD
CY2012Q4	us-gaap	Net Income Loss NetIncomeLoss	-437000	USD
CY2013Q4	us-gaap	Net Income Loss NetIncomeLoss	-8659000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.50
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-10.82
CY2012Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.60
CY2013Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-11.79
	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
CY2012Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2013Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	24000	USD
CY2013Q4	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	78000	USD
CY2012Q4	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-738000	USD
CY2013Q4	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	36000	USD
	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	-243000	USD
CY2013Q4	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	114000	USD
CY2013	prsi	Trading Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Loss TradingSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLoss	637000	USD
	prsi	Trading Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Loss TradingSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLoss	621000	USD
CY2013Q2	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	5157000	USD
CY2013Q4	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	5157000	USD
	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	0	USD
	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	0	USD
	us-gaap	Revenues Revenues	23106000	USD
CY2012Q4	us-gaap	Revenues Revenues	10970000	USD
CY2013Q4	us-gaap	Revenues Revenues	12274000	USD
	us-gaap	Operating Expenses OperatingExpenses	18902000	USD
CY2012Q4	us-gaap	Operating Expenses OperatingExpenses	9569000	USD
CY2013Q4	us-gaap	Operating Expenses OperatingExpenses	18046000	USD
	prsi	Income Before Interest Depreciation And Amortization IncomeBeforeInterestDepreciationAndAmortization	4204000	USD
	prsi	Income Before Interest Depreciation And Amortization IncomeBeforeInterestDepreciationAndAmortization	-2168000	USD
CY2012Q4	prsi	Income Before Interest Depreciation And Amortization IncomeBeforeInterestDepreciationAndAmortization	1401000	USD
CY2013Q4	prsi	Income Before Interest Depreciation And Amortization IncomeBeforeInterestDepreciationAndAmortization	-5772000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-286000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	252000	USD
CY2012Q4	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-648000	USD
CY2013Q4	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	221000	USD
CY2012Q4	us-gaap	Assets Assets	50624000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	36000	USD
CY2012Q4	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	18000	USD
	us-gaap	Revenues Revenues	25579000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	36000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-377000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	495000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1341000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1525000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1626000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	223000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4708000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1341000	USD
CY2013Q4	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	18000	USD
	prsi	Net Unrealized Gain Loss On Other Investments NetUnrealizedGainLossOnOtherInvestments	-112000	USD
	prsi	Net Unrealized Gain Loss On Other Investments NetUnrealizedGainLossOnOtherInvestments	-3000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1126000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1298000	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	190000	USD
	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	403000	USD
	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	-293000	USD
	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	-176000	USD
	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	-13000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	159000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2261000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	2634000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-526000	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-165000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	104000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1525000	USD
	prsi	Proceeds From Repayments Of Mortgage Notes ProceedsFromRepaymentsOfMortgageNotes	-448000	USD
	prsi	Proceeds From Repayments Of Mortgage Notes ProceedsFromRepaymentsOfMortgageNotes	69677000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	25000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-864000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-1204000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	3809000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	89000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1758000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1032000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1121000	USD
	us-gaap	Interest Paid InterestPaid	1343000	USD
	us-gaap	Interest Paid InterestPaid	1438000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	781000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	45061000	USD
CY2013Q2	prsi	Restricted Cash Redemption RestrictedCashRedemption	0	USD
CY2013Q4	prsi	Restricted Cash Redemption RestrictedCashRedemption	19091000	USD
CY2013Q2	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	0	USD
CY2013Q4	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	852000	USD
CY2013Q2	prsi	Redemption Payable RedemptionPayable	0	USD
CY2013Q4	prsi	Redemption Payable RedemptionPayable	19091000	USD
	us-gaap	Restructuring Costs RestructuringCosts	0	USD
	us-gaap	Restructuring Costs RestructuringCosts	7295000	USD
CY2012Q4	us-gaap	Restructuring Costs RestructuringCosts	0	USD
CY2013Q4	us-gaap	Restructuring Costs RestructuringCosts	7295000	USD
	prsi	Penalty Fees For Hotel Occupancy Tax PenaltyFeesForHotelOccupancyTax	0	USD
	prsi	Penalty Fees For Hotel Occupancy Tax PenaltyFeesForHotelOccupancyTax	1084000	USD
CY2012Q4	prsi	Penalty Fees For Hotel Occupancy Tax PenaltyFeesForHotelOccupancyTax	0	USD
CY2012Q4	prsi	Interest Expenses For Occupancy Tax InterestExpensesForOccupancyTax	0	USD
CY2013Q4	prsi	Penalty Fees For Hotel Occupancy Tax PenaltyFeesForHotelOccupancyTax	1084000	USD
	prsi	Interest Expenses For Occupancy Tax InterestExpensesForOccupancyTax	0	USD
	prsi	Interest Expenses For Occupancy Tax InterestExpensesForOccupancyTax	328000	USD
	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	0	USD
	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	-19943000	USD
CY2013Q4	prsi	Interest Expenses For Occupancy Tax InterestExpensesForOccupancyTax	328000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-1092000	USD
CY2012Q4	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
CY2013Q4	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-1092000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-3910000	USD
	us-gaap	Cost Method Investments Additional Information CostMethodInvestmentsAdditionalInformation	Other investments in non-marketable securities are carried at cost net of any impairment loss. The Company has no significant influence or control over the entities that issue these investments and holds less than 20% ownership in each of the investments.
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2013-12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Trading Symbol TradingSymbol	PRSI
CY2014Q1	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
CY2012Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2013Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-3910000	USD
CY2013Q4	prsi	Percentage Of Limited Partnership Interests Redeemed PercentageOfLimitedPartnershipInterestsRedeemed	0.29173	pure
CY2013Q4	prsi	Payments For Redemption Of Each One Percent Limited Partnership Interest PaymentsForRedemptionOfEachOnePercentLimitedPartnershipInterest	1385000	USD
CY2013Q4	prsi	Alternate Redemption Structure Approximate Percentage Of Limited Partnership Interest Holders Allowed AlternateRedemptionStructureApproximatePercentageOfLimitedPartnershipInterestHoldersAllowed	0.17146	pure
	us-gaap	Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest	0.93	pure
	us-gaap	Management Fee Expense ManagementFeeExpense	1550000	USD
	us-gaap	Professional Fees ProfessionalFees	745000	USD
CY2013Q4	prsi	Documentary Transfer Tax Fee DocumentaryTransferTaxFee	5000000	USD
	prsi	Prepayment Penalty Expenses PrepaymentPenaltyExpenses	3808000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	102000	USD
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	738000	USD

Files In Submission

Name	View Source	Status
0001144204-14-009739-index-headers.html	Edgar Link	pending
0001144204-14-009739-index.html	Edgar Link	pending
0001144204-14-009739.txt	Edgar Link	pending
0001144204-14-009739-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
prsi-20131231.xml	Edgar Link	completed
prsi-20131231.xsd	Edgar Link	pending
prsi-20131231_cal.xml	Edgar Link	unprocessable
prsi-20131231_def.xml	Edgar Link	unprocessable
prsi-20131231_lab.xml	Edgar Link	unprocessable
prsi-20131231_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
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v368183_10q.htm	Edgar Link	pending
v368183_ex31-1.htm	Edgar Link	pending
v368183_ex31-2.htm	Edgar Link	pending
v368183_ex32-1.htm	Edgar Link	pending
v368183_ex32-2.htm	Edgar Link	pending

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2014 Q1 Form 10-Q Financial Statement

#000114420414009739 Filed on February 14, 2014

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$PRSI PORTSMOUTH SQUARE INC Stock $prsi

2014 Q1 Form 10-Q Financial Statement

#000114420414009739 Filed on February 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI
PORTSMOUTH SQUARE INC Stock $prsi