2014 Q3 Form 10-K Financial Statement

#000114420414058308 Filed on September 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2014
Revenue $14.83M $13.54M $50.96M
YoY Change 11.46% 4.31% 9.44%
Cost Of Revenue $11.84M $11.16M $40.81M
YoY Change 24.24% 6.18% 5.62%
Gross Profit $2.990M $2.380M $10.16M
YoY Change -20.69% -3.64% 28.12%
Gross Profit Margin 20.16% 17.58% 19.94%
Selling, General & Admin $190.0K $320.0K $1.930M
YoY Change 11.76% 146.15% 201.56%
% of Gross Profit 6.35% 13.45% 19.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $642.0K $640.0K $2.375M
YoY Change 7.0% 12.28% 5.23%
% of Gross Profit 21.47% 26.89% 23.38%
Operating Expenses $12.03M $960.0K $49.42M
YoY Change 23.97% 37.14% 25.81%
Operating Profit $2.162M $1.420M -$827.0K
YoY Change -28.03% -19.77% -116.44%
Interest Expense -$2.500M -$1.610M -$4.380M
YoY Change 362.96% 103.8% 51.56%
% of Operating Profit -115.63% -113.38%
Other Income/Expense, Net -$2.616M -$70.00K -$9.953M
YoY Change 333.11% 16.67% 215.77%
Pretax Income -$454.0K $40.00K -$10.78M
YoY Change -118.92% -95.79% -673.71%
Income Tax -$182.0K -$1.460M -$4.053M
% Of Pretax Income -3650.0%
Net Earnings -$285.0K $1.510M -$6.924M
YoY Change -139.75% 357.58% -1498.79%
Net Earnings / Revenue -1.92% 11.15% -13.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$397.3K $2.068M -$9.479M
COMMON SHARES
Basic Shares Outstanding 734.2K shares 734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.770M $1.060M $1.060M
YoY Change 37.21% 58.21% 58.21%
Cash & Equivalents $1.774M $1.058M $1.060M
Short-Term Investments
Other Short-Term Assets $1.220M
YoY Change 110.34%
Inventory $653.0K $650.0K
Prepaid Expenses
Receivables $2.350M $1.960M $1.960M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.120M $3.020M $4.890M
YoY Change 20.47% 14.83% 18.4%
LONG-TERM ASSETS
Property, Plant & Equipment $35.06M $34.42M $34.42M
YoY Change 3.26% 1.09% 1.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.830M $9.550M $9.550M
YoY Change -9.62% 0.95% 0.95%
Other Assets $28.83M $24.35M $24.35M
YoY Change 959.93% 663.32% 663.32%
Total Long-Term Assets $76.21M $72.13M $70.26M
YoY Change 58.4% 48.12% 48.86%
TOTAL ASSETS
Total Short-Term Assets $4.120M $3.020M $4.890M
Total Long-Term Assets $76.21M $72.13M $70.26M
Total Assets $80.33M $75.15M $75.15M
YoY Change 55.89% 46.42% 46.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.53M $15.86M $15.86M
YoY Change 63.15% 72.77% 72.77%
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 $12.53M $15.86M $15.86M
YoY Change 63.15% 72.77% 72.77%
LONG-TERM LIABILITIES
Long-Term Debt $142.2M $133.4M $133.4M
YoY Change 219.17% 196.49% 196.49%
Other Long-Term Liabilities $730.0K $690.0K $690.0K
YoY Change -45.93% -37.84% -37.84%
Total Long-Term Liabilities $142.9M $134.1M $134.1M
YoY Change 211.37% 190.85% 190.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.53M $15.86M $15.86M
Total Long-Term Liabilities $142.9M $134.1M $134.1M
Total Liabilities $155.5M $150.0M $143.8M
YoY Change 190.18% 171.27% 201.13%
SHAREHOLDERS EQUITY
Retained Earnings -$71.02M -$70.73M
YoY Change -5600.93% -12422.65%
Common Stock $2.092M $2.092M
YoY Change -30.45% -30.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$68.93M -$68.64M -$68.64M
YoY Change
Total Liabilities & Shareholders Equity $80.33M $75.15M $75.15M
YoY Change 55.89% 46.42% 46.41%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2014
OPERATING ACTIVITIES
Net Income -$285.0K $1.510M -$6.924M
YoY Change -139.75% 357.58% -1498.79%
Depreciation, Depletion And Amortization $642.0K $640.0K $2.375M
YoY Change 7.0% 12.28% 5.23%
Cash From Operating Activities -$2.430M $1.460M $940.0K
YoY Change -251.21% -5.19% -81.8%
INVESTING ACTIVITIES
Capital Expenditures $1.314M -$1.530M $3.701M
YoY Change 152.69% 80.0% 10.18%
Acquisitions
YoY Change
Other Investing Activities -$40.00K -$120.0K
YoY Change
Cash From Investing Activities -$1.310M -$1.570M -$3.820M
YoY Change 151.92% 84.71% 13.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.460M 170.0K 3.270M
YoY Change -1065.37% -160.71% -250.76%
NET CHANGE
Cash From Operating Activities -2.430M 1.460M 940.0K
Cash From Investing Activities -1.310M -1.570M -3.820M
Cash From Financing Activities 4.460M 170.0K 3.270M
Net Change In Cash 720.0K 60.00K 390.0K
YoY Change 15.2% -85.37% -207.14%
FREE CASH FLOW
Cash From Operating Activities -$2.430M $1.460M $940.0K
Capital Expenditures $1.314M -$1.530M $3.701M
Free Cash Flow -$3.744M $2.990M -$2.761M
YoY Change -444.43% 25.1% -252.96%

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0 USD
CY2014 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
48637000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
119000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3000 USD
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
784000 USD
CY2014 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2928000 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
2131000 USD
CY2014Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
2131000 USD
CY2013Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
1930000 USD
CY2014Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
2098000 USD
CY2007Q3 prsi Business Acquisition Costs Of Acquired Entity Purchase Price
BusinessAcquisitionCostsOfAcquiredEntityPurchasePrice
973000 USD
CY2013 us-gaap Impairment Of Investments
ImpairmentOfInvestments
35000 USD
CY2014 us-gaap Impairment Of Investments
ImpairmentOfInvestments
37000 USD
CY2013 prsi Allowance For Impairment Losses
AllowanceForImpairmentLosses
1679000 USD
CY2014 prsi Allowance For Impairment Losses
AllowanceForImpairmentLosses
1716000 USD
CY2013Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
25000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
419000 USD
CY2014 us-gaap Advertising Expense
AdvertisingExpense
434000 USD
CY2013Q2 us-gaap Inventory Net
InventoryNet
918000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
653000 USD
CY2013Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
581000 USD
CY2014Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1220000 USD
CY2014Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
876000 USD
CY2013Q2 prsi Occupancy Tax Deposit
OccupancyTaxDeposit
0 USD
CY2014Q2 prsi Occupancy Tax Deposit
OccupancyTaxDeposit
1061000 USD
CY2013 prsi Amortization Expense Of Loan Fees And Franchise Costs
AmortizationExpenseOfLoanFeesAndFranchiseCosts
72000 USD
CY2014 prsi Amortization Expense Of Loan Fees And Franchise Costs
AmortizationExpenseOfLoanFeesAndFranchiseCosts
88000 USD
CY2014Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
2500000 USD
CY2014 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2014-04-30
CY2014Q2 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.04 pure
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
56000 USD
CY2014 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
53000 USD
CY2014 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Pursuant to the modification, the annual floating interest rate was reduced by 0.5% to the WSJ Prime Rate plus 2.5% (with a minimum floor rate of 5.0% per annum).
CY2014 prsi Franchise Agreements Expiry Period
FranchiseAgreementsExpiryPeriod
P15Y
CY2014Q2 prsi Percentage Of Royalty Fees Payment With In One Year
PercentageOfRoyaltyFeesPaymentWithInOneYear
0.03 pure
CY2014Q2 prsi Percentage Of Royalty Fees Payment In Two Years
PercentageOfRoyaltyFeesPaymentInTwoYears
0.03 pure
CY2014Q2 prsi Percentage Of Royalty Fees Payment In Three Years
PercentageOfRoyaltyFeesPaymentInThreeYears
0.04 pure
CY2014Q2 prsi Percentage Of Royalty Fees Payment In Four Years
PercentageOfRoyaltyFeesPaymentInFourYears
0.05 pure
CY2013Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04 pure
CY2014Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.050 pure
CY2014Q2 prsi Percentage Of Program Fees
PercentageOfProgramFees
0.04 pure
CY2014 prsi Maximum Percentage Of Changes In Program Fees
MaximumPercentageOfChangesInProgramFees
0.01 pure
CY2014 prsi Maximum Percentage Of Changes In Fees
MaximumPercentageOfChangesInFees
0.05 pure
CY2013 us-gaap Initial Franchise Fees
InitialFranchiseFees
3374000 USD
CY2014 us-gaap Initial Franchise Fees
InitialFranchiseFees
3806000 USD
CY2013 prsi Management Fees Base Percentage
ManagementFeesBasePercentage
0.0175 pure
CY2014 prsi Management Fees Base Percentage
ManagementFeesBasePercentage
0.0175 pure
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-992000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013Q1 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
525000 USD
CY2014 prsi Proceeds From Insurance Claims Related To Legal Settlements
ProceedsFromInsuranceClaimsRelatedToLegalSettlements
225000 USD
CY2014 prsi Litigation Settlement Expenses Reimbursement From Agent Maximum Amount
LitigationSettlementExpensesReimbursementFromAgentMaximumAmount
300000 USD
CY2014Q3 prsi Franchise Agreements Contingent Extension Period
FranchiseAgreementsContingentExtensionPeriod
P5Y
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-992000 USD
CY2014 prsi Percentage Of Technology Recapture Charge
PercentageOfTechnologyRecaptureCharge
0.0075 pure
CY2013Q2 us-gaap Line Of Credit
LineOfCredit
71000 USD
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
91000 USD
CY2014 prsi Decreases In Technology Fee
DecreasesInTechnologyFee
0.0065 pure
CY2013Q2 prsi Mortgage Notes Payable Hotel
MortgageNotesPayableHotel
43413000 USD
CY2014Q2 prsi Mortgage Notes Payable Hotel
MortgageNotesPayableHotel
117000000 USD
CY2013 us-gaap Technology Services Costs
TechnologyServicesCosts
236000 USD
CY2014 us-gaap Technology Services Costs
TechnologyServicesCosts
270000 USD
CY2014 prsi Redemption Of Limited Partnership Interests
RedemptionOfLimitedPartnershipInterests
-64152000 USD
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-67000 USD
CY2014 prsi Franchise Agreements Contingent Extension Period
FranchiseAgreementsContingentExtensionPeriod
P5Y
CY2014 us-gaap Legal Fees
LegalFees
365000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
116000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3061000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
126000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-3061000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-73000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.024 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.061 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.241 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.033 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.044 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008 pure
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
166000 USD
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.031 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376 pure
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
66000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
722000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1398000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1473000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
113457000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
117282000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4307000 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6058000 USD
CY2013Q2 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
955000 USD
CY2014Q2 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
968000 USD
CY2013Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
592000 USD
CY2014Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
691000 USD
CY2013Q2 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
1553000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
1593000 USD
CY2013Q2 prsi Deferred Tax Liabilities State Tax Deferred Income
DeferredTaxLiabilitiesStateTaxDeferredIncome
265000 USD
CY2014Q2 prsi Deferred Tax Liabilities State Tax Deferred Income
DeferredTaxLiabilitiesStateTaxDeferredIncome
601000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
2194000 USD
CY2013Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5011000 USD
CY2008Q4 prsi Minimum Future Amendment To Limited Partnership Agreement Interests
MinimumFutureAmendmentToLimitedPartnershipAgreementInterests
0.75 pure
CY2014Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9440000 USD
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
-843000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
1723000 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
14364000 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
13280000 USD
CY2014Q2 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
97000000 USD
CY2014 prsi Mortgage Loan On Real Estate Final Maturity Period
MortgageLoanOnRealEstateFinalMaturityPeriod
P10Y
CY2014 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0528 pure
CY2014 prsi Mortgage Loans On Real Estate Loan Amortization Period
MortgageLoansOnRealEstateLoanAmortizationPeriod
P30Y
CY2014 us-gaap Mortgage Loan On Real Estate Final Maturity Date
MortgageLoanOnRealEstateFinalMaturityDate
2024-01-01
CY2014Q1 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
4700000 USD
CY2014 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
4700000 USD
CY2014 us-gaap Mortgage Loans On Real Estate Periodic Payment Terms
MortgageLoansOnRealEstatePeriodicPaymentTerms
The term of the Mortgage Loan is 10 years with interest only due in the first three years and equal monthly principal and interest payments based upon a 30 year amortization schedule for the remaining seven years of the Mortgage Loan term.
CY2014Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.5 pure
CY2008Q4 prsi Amendment To Limited Partnership Agreement Interests
AmendmentToLimitedPartnershipAgreementInterests
0.98 pure
CY2008Q4 prsi Annual Revenues Of Partnership Percentage
AnnualRevenuesOfPartnershipPercentage
0.015 pure
CY2008Q4 prsi General Partner Contribution To Asset Managers
GeneralPartnerContributionToAssetManagers
75000 USD
CY2008Q4 prsi Minimum Annual Compensation
MinimumAnnualCompensation
285000 USD
CY2014 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
525000 USD

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