$PRSI
PORTSMOUTH SQUARE INC

2014 Q4 Form 10-Q Financial Statement

#000114420416079276 Filed on February 05, 2016

View on sec.gov

Income Statement

Concept 2014 Q4
Revenue $14.04M
YoY Change 14.42%
Cost Of Revenue $12.03M
YoY Change 26.77%
Gross Profit $2.010M
YoY Change -27.7%
Gross Profit Margin 14.31%
Selling, General & Admin $160.0K
YoY Change -87.3%
% of Gross Profit 7.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $670.0K
YoY Change -4.29%
% of Gross Profit 33.33%
Operating Expenses $12.19M
YoY Change -32.45%
Operating Profit $1.190M
YoY Change -118.39%
Interest Expense -$2.330M
YoY Change 375.51%
% of Operating Profit -195.8%
Other Income/Expense, Net -$2.444M
YoY Change -58.41%
Pretax Income -$1.254M
YoY Change -89.84%
Income Tax -$547.0K
% Of Pretax Income
Net Earnings -$653.0K
YoY Change -92.46%
Net Earnings / Revenue -4.65%
Basic Earnings Per Share
Diluted Earnings Per Share -$890.4K
COMMON SHARES
Basic Shares Outstanding 734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $480.0K
YoY Change -80.25%
Cash & Equivalents $476.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.370M
Other Receivables $0.00
Total Short-Term Assets $1.850M
YoY Change -53.87%
LONG-TERM ASSETS
Property, Plant & Equipment $35.88M
YoY Change 8.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.310M
YoY Change -12.43%
Other Assets $10.41M
YoY Change -59.02%
Total Long-Term Assets $58.89M
YoY Change -17.86%
TOTAL ASSETS
Total Short-Term Assets $1.850M
Total Long-Term Assets $58.89M
Total Assets $60.74M
YoY Change -19.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.50M
YoY Change -9.94%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.50M
YoY Change -9.94%
LONG-TERM LIABILITIES
Long-Term Debt $123.6M
YoY Change -9.69%
Other Long-Term Liabilities $510.0K
YoY Change -36.25%
Total Long-Term Liabilities $124.1M
YoY Change -9.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.50M
Total Long-Term Liabilities $124.1M
Total Liabilities $136.6M
YoY Change -9.87%
SHAREHOLDERS EQUITY
Retained Earnings -$71.67M
YoY Change -0.11%
Common Stock $2.092M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$69.58M
YoY Change
Total Liabilities & Shareholders Equity $60.74M
YoY Change -19.77%

Cashflow Statement

Concept 2014 Q4
OPERATING ACTIVITIES
Net Income -$653.0K
YoY Change -92.46%
Depreciation, Depletion And Amortization $670.0K
YoY Change -4.29%
Cash From Operating Activities -$30.00K
YoY Change -98.6%
INVESTING ACTIVITIES
Capital Expenditures -$1.610M
YoY Change 59.41%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.610M
YoY Change 59.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 330.0K
YoY Change -92.27%
NET CHANGE
Cash From Operating Activities -30.00K
Cash From Investing Activities -1.610M
Cash From Financing Activities 330.0K
Net Change In Cash -1.310M
YoY Change -216.96%
FREE CASH FLOW
Cash From Operating Activities -$30.00K
Capital Expenditures -$1.610M
Free Cash Flow $1.580M
YoY Change -239.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q4 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
13713000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q4 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
14044000 USD
CY2014Q4 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
12033000 USD
CY2015Q4 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
11969000 USD
CY2014Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
664000 USD
CY2015Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
709000 USD
CY2014Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
157000 USD
CY2015Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
170000 USD
CY2014Q4 us-gaap Costs And Expenses
CostsAndExpenses
12854000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1190000 USD
CY2014Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
1939000 USD
CY2014Q4 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-554000 USD
CY2014Q4 prsi Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
-4000 USD
CY2015Q4 prsi Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
13000 USD
CY2014Q4 prsi Trading And Margin Interest Expense
TradingAndMarginInterestExpense
70000 USD
CY2015Q4 prsi Trading And Margin Interest Expense
TradingAndMarginInterestExpense
26000 USD
CY2015Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3940000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3075000 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
-1850000 USD
CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-72000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-1778000 USD
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.89
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.42
CY2014Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
734183 shares
CY2015Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
734183 shares
CY2014Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
166000 USD
CY2015Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
0 USD
CY2014Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-51000 USD
CY2015Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
28874000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
28851000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
23871000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
23162000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1306000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1422000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
345000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
373000 USD
us-gaap Costs And Expenses
CostsAndExpenses
25522000 USD
us-gaap Costs And Expenses
CostsAndExpenses
24957000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3352000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3894000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
3963000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
3882000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1033000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1774000 USD
prsi Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
21000 USD
prsi Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
32000 USD
prsi Trading And Margin Interest Expense
TradingAndMarginInterestExpense
161000 USD
prsi Trading And Margin Interest Expense
TradingAndMarginInterestExpense
58000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5060000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5856000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1708000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1962000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-729000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-782000 USD
us-gaap Profit Loss
ProfitLoss
-979000 USD
us-gaap Profit Loss
ProfitLoss
-1180000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-41000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000 USD
us-gaap Net Income Loss
NetIncomeLoss
-938000 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 Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
169000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1183000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.28
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.61
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-51000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-30000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1089000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1749000 USD
us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
4000 USD
us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
-41000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1306000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1422000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-132000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
50000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-596000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5662000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
367000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
328000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3368000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1143000 USD
prsi Increase Decrease In Due To Securities Broker
IncreaseDecreaseInDueToSecuritiesBroker
-280000 USD
prsi Increase Decrease In Due To Securities Broker
IncreaseDecreaseInDueToSecuritiesBroker
0 USD
prsi Increase Decrease In Obligations For Securities Sold
IncreaseDecreaseInObligationsForSecuritiesSold
95000 USD
prsi Increase Decrease In Obligations For Securities Sold
IncreaseDecreaseInObligationsForSecuritiesSold
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-729000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-782000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2458000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5503000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2916000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2899000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2916000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2899000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
116000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-98000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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4792000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-360000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-582000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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2244000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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476000 USD
us-gaap Interest Paid
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3985000 USD
us-gaap Interest Paid
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3882000 USD
us-gaap Proceeds From Repayments Of Other Debt
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-262000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
4676000 USD
CY2014Q4 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-567000 USD
CY2014Q4 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
-554000 USD
CY2015Q4 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
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-1878000 USD
us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
56000 USD
us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
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CY2015Q4 us-gaap Revenues
Revenues
13713000 USD
CY2014Q4 us-gaap Revenues
Revenues
14044000 USD
CY2014Q4 us-gaap Operating Expenses
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12190000 USD
CY2014Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-454000 USD
us-gaap Operating Expenses
OperatingExpenses
23535000 USD
CY2015Q4 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
18000 USD
prsi Management Services Agreement Term
ManagementServicesAgreementTerm
P3Y
CY2015Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
467000 USD
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-82000 USD
prsi Other Investments In Nonmarketable Securities Ownership Percentage
OtherInvestmentsInNonmarketableSecuritiesOwnershipPercentage
less than 20%
us-gaap Revenues
Revenues
28874000 USD
us-gaap Operating Expenses
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24216000 USD
us-gaap Income Loss From Equity Method Investments
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CY2014Q4 us-gaap Assets
Assets
60738000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
36000 USD
us-gaap Payment For Management Fee
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1550000 USD
CY2015Q4 us-gaap Management Fee Payable
ManagementFeePayable
400000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
36000 USD
CY2015Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2015Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2015Q4 us-gaap Common Stock Shares Authorized
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750000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
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750000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
734183 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
734183 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
734183 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
734183 shares
prsi Impairment Loss On Other Investments
ImpairmentLossOnOtherInvestments
82000 USD
prsi Impairment Loss On Other Investments
ImpairmentLossOnOtherInvestments
0 USD
prsi Adjustment To Impairment Loss On Other Investments
AdjustmentToImpairmentLossOnOtherInvestments
0 USD
prsi Adjustment To Impairment Loss On Other Investments
AdjustmentToImpairmentLossOnOtherInvestments
82000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1944000 USD
CY2015Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1999000 USD
CY2015Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1137000 USD
CY2015Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
940000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 prsi Impairment Loss On Other Investments
ImpairmentLossOnOtherInvestments
82000 USD
CY2014Q4 prsi Impairment Loss On Other Investments
ImpairmentLossOnOtherInvestments
0 USD

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