$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

$prsi Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-K Financial Statement

#000114420416125803 Filed on September 28, 2016

Income Statement

Concept	2016 Q3	2016 Q2	2015 Q2
Revenue	$14.61M	$15.23M	$13.95M
YoY Change	-3.52%	9.18%	3.03%
Cost Of Revenue	$10.26M	$12.25M	$11.15M
YoY Change	-8.31%	9.87%	-0.09%
Gross Profit	$4.350M	$2.980M	$2.810M
YoY Change	10.13%	6.05%	18.07%
Gross Profit Margin	29.78%	19.57%	20.14%
Selling, General & Admin	$150.0K	$180.0K	$140.0K
YoY Change	-25.0%	28.57%	-56.25%
% of Gross Profit	3.45%	6.04%	4.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$636.0K	$710.0K	$710.0K
YoY Change	-10.8%	0.0%	10.94%
% of Gross Profit	14.62%	23.83%	25.27%
Operating Expenses	$10.41M	$880.0K	$840.0K
YoY Change	-8.65%	4.76%	-12.5%
Operating Profit	$3.531M	$2.100M	$1.970M
YoY Change	16.57%	6.6%	38.73%
Interest Expense	-$1.720M	-$2.140M	-$1.780M
YoY Change	-6.52%	20.22%	10.56%
% of Operating Profit	-48.71%	-101.9%	-90.36%
Other Income/Expense, Net	-$1.754M	-$40.00K	-$70.00K
YoY Change	5746.67%	-42.86%	0.0%
Pretax Income	$1.777M	-$250.0K	-$20.00K
YoY Change	60.09%	1150.0%	-150.0%
Income Tax	$705.0K	$20.00K	$130.0K
% Of Pretax Income	39.67%
Net Earnings	$965.0K	-$270.0K	-$150.0K
YoY Change	60.83%	80.0%	-109.93%
Net Earnings / Revenue	6.61%	-1.77%	-1.08%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.329M	-$369.9K	-$205.5K
COMMON SHARES
Basic Shares Outstanding	734.2K shares	734.2K shares	734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q3	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.370M	$3.380M	$1.080M
YoY Change	-64.04%	212.96%	1.89%
Cash & Equivalents	$1.371M	$3.378M	$1.077M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory		$248.0K	$256.0K
Prepaid Expenses
Receivables	$3.010M	$3.220M	$6.790M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.380M	$6.600M	$7.870M
YoY Change	-27.48%	-16.14%	160.6%
LONG-TERM ASSETS
Property, Plant & Equipment	$37.31M	$37.74M	$36.57M
YoY Change	0.65%	3.2%	6.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.220M	$5.370M	$7.280M
YoY Change	-14.21%	-26.24%	-23.77%
Other Assets	$12.07M	$11.99M	$8.940M
YoY Change	37.94%	34.12%	-63.29%
Total Long-Term Assets	$56.62M	$56.37M	$56.18M
YoY Change	0.58%	0.34%	-22.12%
TOTAL ASSETS
Total Short-Term Assets	$4.380M	$6.600M	$7.870M
Total Long-Term Assets	$56.62M	$56.37M	$56.18M
Total Assets	$61.00M	$62.97M	$64.05M
YoY Change	-2.14%	-1.68%	-14.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.04M	$17.18M	$14.62M
YoY Change	13.59%	17.51%	-7.82%
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	$14.04M	$17.18M	$14.62M
YoY Change	13.59%	17.51%	-7.82%
LONG-TERM LIABILITIES
Long-Term Debt	$126.9M	$127.4M	$126.2M
YoY Change	0.7%	0.99%	-5.46%
Other Long-Term Liabilities	$910.0K	$320.0K	$0.00
YoY Change			-100.0%
Total Long-Term Liabilities	$127.8M	$127.7M	$126.2M
YoY Change	1.42%	1.24%	-5.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.04M	$17.18M	$14.62M
Total Long-Term Liabilities	$127.8M	$127.7M	$126.2M
Total Liabilities	$135.3M	$145.7M	$140.8M
YoY Change	2.37%	3.53%	-6.15%
SHAREHOLDERS EQUITY
Retained Earnings		-$77.37M	-$72.52M
YoY Change		6.68%	2.53%
Common Stock		$2.092M	$2.092M
YoY Change		0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$74.31M	-$75.27M	-$70.43M
YoY Change
Total Liabilities & Shareholders Equity	$61.00M	$62.97M	$64.05M
YoY Change	-2.13%	-1.68%	-14.77%

Cashflow Statement

Concept	2016 Q3	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$965.0K	-$270.0K	-$150.0K
YoY Change	60.83%	80.0%	-109.93%
Depreciation, Depletion And Amortization	$636.0K	$710.0K	$710.0K
YoY Change	-10.8%	0.0%	10.94%
Cash From Operating Activities	-$427.0K	$7.900M	$860.0K
YoY Change	-109.68%	818.6%	-41.1%
INVESTING ACTIVITIES
Capital Expenditures	$272.0K	-$730.0K	-$1.010M
YoY Change	-78.93%	-27.72%	-33.99%
Acquisitions
YoY Change
Other Investing Activities		$0.00	-$30.00K
YoY Change		-100.0%	-25.0%
Cash From Investing Activities	-$272.0K	-$730.0K	-$1.040M
YoY Change	-78.91%	-29.81%	-33.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.308M	-9.050M	150.0K
YoY Change	244.21%	-6133.33%	-11.76%
NET CHANGE
Cash From Operating Activities	-$427.0K	7.900M	860.0K
Cash From Investing Activities	-$272.0K	-730.0K	-1.040M
Cash From Financing Activities	-$1.308M	-9.050M	150.0K
Net Change In Cash	-$2.007M	-1.880M	-30.00K
YoY Change	-173.25%	6166.67%	-150.0%
FREE CASH FLOW
Cash From Operating Activities	-$427.0K	$7.900M	$860.0K
Capital Expenditures	$272.0K	-$730.0K	-$1.010M
Free Cash Flow	-$699.0K	$8.630M	$1.870M
YoY Change	-122.41%	361.5%	-37.46%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015	us-gaap	Costs And Expenses CostsAndExpenses	50362000	USD
CY2015	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	641000	USD
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	6449000	USD
CY2015	us-gaap	Interest Expense Debt InterestExpenseDebt	7787000	USD
CY2015	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-1320000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	145747000	USD
CY2015Q2	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-72523000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-77365000	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	-70431000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	-75273000	USD
CY2015Q2	us-gaap	Minority Interest MinorityInterest	-6297000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	-6664000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-76728000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-81937000	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	64049000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	63810000	USD
CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	58566000	USD
CY2016	dei	Entity Registrant Name EntityRegistrantName	PORTSMOUTH SQUARE INC
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0000079661
CY2015Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	36567000	USD
CY2015Q2	us-gaap	Real Estate Investments RealEstateInvestments	973000	USD
CY2016Q2	us-gaap	Real Estate Investments RealEstateInvestments	973000	USD
CY2015Q2	us-gaap	Trading Securities TradingSecurities	1301000	USD
CY2015Q2	us-gaap	Other Investments OtherInvestments	5003000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1077000	USD
CY2015Q2	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	587000	USD
CY2016Q2	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	898000	USD
CY2015Q2	us-gaap	Other Notes Payable OtherNotesPayable	9155000	USD
CY2016Q2	us-gaap	Other Notes Payable OtherNotesPayable	11246000	USD
CY2015Q2	prsi	Mortgage Notes Payable MortgageNotesPayable	117000000	USD
CY2016Q2	prsi	Mortgage Notes Payable MortgageNotesPayable	117000000	USD
CY2015Q2	us-gaap	Liabilities Liabilities	140777000	USD
CY2016	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	47246000	USD
CY2016Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	29000	USD
CY2015Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	0	USD
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-2433000	USD
CY2016	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2855000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	712000	USD
CY2016	us-gaap	Costs And Expenses CostsAndExpenses	56209000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	2357000	USD
CY2016	us-gaap	Interest Expense Debt InterestExpenseDebt	7790000	USD
CY2016	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-2095000	USD
CY2015	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	65000	USD
CY2016	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	32000	USD
CY2015	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	306000	USD
CY2016	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	121000	USD
CY2015	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9436000	USD
CY2016	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-10253000	USD
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2987000	USD
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7896000	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1105000	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2737000	USD
CY2015	us-gaap	Profit Loss ProfitLoss	-1882000	USD
CY2016	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2015	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-91000	USD
CY2016	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-367000	USD
CY2015	us-gaap	Net Income Loss NetIncomeLoss	-1791000	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-4792000	USD
CY2015	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-2.44
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-6.53
CY2015	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2016	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2015	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-47000	USD
CY2016	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-30000	USD
CY2016	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	194000	USD
CY2015	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	254000	USD
CY2016	us-gaap	Legal Fees LegalFees	5396000	USD
CY2015	us-gaap	Legal Fees LegalFees	0	USD
CY2015	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-882000	USD
CY2016	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-2130000	USD
CY2015	us-gaap	Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments	-65000	USD
CY2016	us-gaap	Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments	-41000	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2705000	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2855000	USD
CY2015	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-1097000	USD
CY2016	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	458000	USD
CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	597000	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3573000	USD
CY2015	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-602000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1454000	USD
CY2015	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1241000	USD
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2559000	USD
CY2015	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	-690000	USD
CY2016	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	291000	USD
CY2015	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	0	USD
CY2016	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	29000	USD
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1105000	USD
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2737000	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	137000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	10377000	USD
CY2015	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5094000	USD
CY2016	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4231000	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-5119000	USD
CY2015	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	-1320000	USD
CY2016	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	-2095000	USD
CY2016Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	1138000	USD
CY2015Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	940000	USD
CY2016Q2	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	359000	USD
CY2016	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	-194000	USD
CY2015	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	-438000	USD
CY2016	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	35000	USD
CY2016	us-gaap	Interest Paid InterestPaid	7796000	USD
CY2016	prsi	Conversion Of Other Investments To Marketable Securities ConversionOfOtherInvestmentsToMarketableSecurities	4410000	USD
CY2015	prsi	Conversion Of Other Investments To Marketable Securities ConversionOfOtherInvestmentsToMarketableSecurities	0	USD
CY2015	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	254000	USD
CY2016	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	194000	USD
CY2016	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	50000	USD
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CY2015	us-gaap	Interest Paid InterestPaid	7824000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-4231000	USD
CY2015	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	16520000	USD
CY2016	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	-311000	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	5001000	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-3845000	USD
CY2015	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	19000	USD
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2301000	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1058000	USD
CY2015	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	-254000	USD
CY2015Q2	us-gaap	Assets Fair Value Disclosure Nonrecurring AssetsFairValueDisclosureNonrecurring	4978000	USD
CY2016	dei	Document Type DocumentType	10-K
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q4	dei	Entity Public Float EntityPublicFloat	4295072	USD
CY2016	dei	Trading Symbol TradingSymbol	PRSI
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	734183	shares
CY2016Q2	us-gaap	Defined Benefit Plan Funded Percentage DefinedBenefitPlanFundedPercentage	0.04	pure
CY2016	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	108000	USD
CY2015	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	61000	USD
CY2016Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	291000	USD
CY2016	prsi	Franchise Agreements Expiry Period FranchiseAgreementsExpiryPeriod	P15Y
CY2016	us-gaap	Initial Franchise Fees InitialFranchiseFees	2900000	USD
CY2015Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	0	USD
CY2015Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2015Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
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CY2015	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1602000	USD
CY2015	us-gaap	Initial Franchise Fees InitialFranchiseFees	3600000	USD
CY2016	prsi	Franchise Agreements Contingent Extension Period FranchiseAgreementsContingentExtensionPeriod	P5Y
CY2015Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2015Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2016Q2	prsi	Legal Fees Period Decrease Increase LegalFeesPeriodDecreaseIncrease	340000	USD
CY2014Q1	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	4700000	USD
CY2016	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	4700000	USD
CY2016	prsi	Amended Performance Compensation Description AmendedPerformanceCompensationDescription	Pursuant to the current criteria established by the Board, Mr. Winfield is entitled to performance based compensation for his management of the Companys securities portfolio equal to 20% of all net investment gains generated in excess of an annual return equal to the Prime Rate of Interest (as published in the Wall Street Journal) plus 2%.
CY2016	us-gaap	Payment For Management Fee PaymentForManagementFee	1550000	USD
CY2016Q2	us-gaap	Management Fee Payable ManagementFeePayable	400000	USD
CY2016	us-gaap	Salaries And Wages SalariesAndWages	593000	USD
CY2015	us-gaap	Salaries And Wages SalariesAndWages	565000	USD
CY2016	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	72000	USD
CY2015	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	72000	USD
CY2016	us-gaap	Revenues Revenues	58566000	USD
CY2016	us-gaap	Operating Expenses OperatingExpenses	47958000	USD
CY2015	us-gaap	Revenues Revenues	56811000	USD
CY2016	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2015	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2016	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-2362000	USD
CY2015	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-878000	USD
CY2016	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	-2362000	USD
CY2015	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	-878000	USD
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	USD
CY2015	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	USD
CY2016	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-375000	USD
CY2015	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-227000	USD
CY2016	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	-375000	USD
CY2015	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	-227000	USD
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.031	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.054	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	-0.015	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	-0.026	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.009	pure
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.002	pure
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.347	pure
CY2015	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.370	pure
CY2016Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8070000	USD
CY2015Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8695000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Investments DeferredTaxAssetsInvestments	1157000	USD
CY2015Q2	us-gaap	Deferred Tax Assets Investments DeferredTaxAssetsInvestments	1074000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1123000	USD
CY2015Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	691000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	12155000	USD
CY2015Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	10460000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	0	USD
CY2015Q2	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	243000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Unrealized Gains On Trading Securities DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities	260000	USD
CY2015Q2	us-gaap	Deferred Tax Liabilities Unrealized Gains On Trading Securities DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities	1187000	USD
CY2016Q2	prsi	Deferred Tax Liabilities State Tax Deferred Income DeferredTaxLiabilitiesStateTaxDeferredIncome	807000	USD
CY2015Q2	prsi	Deferred Tax Liabilities State Tax Deferred Income DeferredTaxLiabilitiesStateTaxDeferredIncome	679000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Tax Deferred Income DeferredTaxLiabilitiesTaxDeferredIncome	1067000	USD
CY2015Q2	us-gaap	Deferred Tax Liabilities Tax Deferred Income DeferredTaxLiabilitiesTaxDeferredIncome	2109000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	19565000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	16042000	USD
CY2016	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	5575000	USD
CY2015	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	0	USD
CY2016	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
CY2015	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	25000	USD
CY2016	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-3484000	USD
CY2015	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	4643000	USD
CY2016	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000	USD
CY2015	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000	USD
CY2016	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">  </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>
CY2015	us-gaap	Advertising Expense AdvertisingExpense	459000	USD
CY2016	us-gaap	Impairment Of Investments ImpairmentOfInvestments	194000	USD
CY2015	us-gaap	Impairment Of Investments ImpairmentOfInvestments	254000	USD
CY2016	prsi	Allowance For Impairment Losses AllowanceForImpairmentLosses	2099000	USD
CY2015	prsi	Allowance For Impairment Losses AllowanceForImpairmentLosses	1970000	USD
CY2016	us-gaap	Advertising Expense AdvertisingExpense	522000	USD
CY2016Q2	prsi	Mortgage Notes Payable Hotel MortgageNotesPayableHotel	117000000	USD
CY2015Q2	prsi	Mortgage Notes Payable Hotel MortgageNotesPayableHotel	117000000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1398000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1637000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	672000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1473000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1553000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	110267000	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	117000000	USD
CY2008Q4	prsi	Amendment To Limited Partnership Agreement Interests AmendmentToLimitedPartnershipAgreementInterests	0.98	pure
CY2008Q4	prsi	Minimum Future Amendment To Limited Partnership Agreement Interests MinimumFutureAmendmentToLimitedPartnershipAgreementInterests	0.75	pure
CY2008Q4	prsi	Annual Revenues Of Partnership Percentage AnnualRevenuesOfPartnershipPercentage	0.015	pure
CY2008Q4	prsi	General Partner Contributionto Asset Managers GeneralPartnerContributiontoAssetManagers	75000	USD
CY2008Q4	prsi	Minimum Annual Compensation MinimumAnnualCompensation	285000	USD
CY2016	us-gaap	Mortgage Loans On Real Estate Interest Rate MortgageLoansOnRealEstateInterestRate	0.05275	pure
CY2016	prsi	Mortgage Loan On Real Estate Final Maturity Period MortgageLoanOnRealEstateFinalMaturityPeriod	P10Y
CY2016	us-gaap	Mortgage Loan On Real Estate Final Maturity Date MortgageLoanOnRealEstateFinalMaturityDate	2024-01-01
CY2014Q3	prsi	Percentage Of Loan Fee Received PercentageOfLoanFeeReceived	0.03	pure
CY2016Q2	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	2825000	USD
CY2016	us-gaap	Notes Reduction NotesReduction	316000	USD
CY2015	us-gaap	Notes Reduction NotesReduction	158000	USD
CY2007Q3	prsi	Business Acquisition Costs Of Acquired Entity Purchase Price BusinessAcquisitionCostsOfAcquiredEntityPurchasePrice	973000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	248000	USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	256000	USD
CY2016Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	690000	USD
CY2015Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	781000	USD
CY2016Q2	prsi	Occupancy Tax Deposit OccupancyTaxDeposit	0	USD
CY2015Q2	prsi	Occupancy Tax Deposit OccupancyTaxDeposit	1061000	USD
CY2016Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	1176000	USD
CY2015Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	1301000	USD
CY2016	prsi	Amortization Expense Of Loan Fees And Franchise Costs AmortizationExpenseOfLoanFeesAndFranchiseCosts	159000	USD
CY2015	prsi	Amortization Expense Of Loan Fees And Franchise Costs AmortizationExpenseOfLoanFeesAndFranchiseCosts	131000	USD
CY2014Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-74846000	USD
CY2016	prsi	Redemption Of Limited Partnership Interests RedemptionOfLimitedPartnershipInterests	-50000	USD
CY2016Q2	us-gaap	Business Acquisition Percentage Of Voting Interests Acquired BusinessAcquisitionPercentageOfVotingInterestsAcquired	0.5	pure
CY2015Q2	us-gaap	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	97000000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	1805000	USD
CY2015Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	0	USD
CY2016	us-gaap	Payments For Restructuring PaymentsForRestructuring	2750000	USD
CY2016Q2	us-gaap	Payments For Restructuring PaymentsForRestructuring	50000	USD
CY2016Q2	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	1450000	USD

Files In Submission

Name	View Source	Status
0001144204-16-125803-index-headers.html	Edgar Link	pending
0001144204-16-125803-index.html	Edgar Link	pending
0001144204-16-125803.txt	Edgar Link	pending
0001144204-16-125803-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
prsi-20160630.xml	Edgar Link	completed
prsi-20160630.xsd	Edgar Link	pending
prsi-20160630_cal.xml	Edgar Link	unprocessable
prsi-20160630_def.xml	Edgar Link	unprocessable
prsi-20160630_lab.xml	Edgar Link	unprocessable
prsi-20160630_pre.xml	Edgar Link	unprocessable
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R10.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v449078_10k.htm	Edgar Link	pending
v449078_ex14.htm	Edgar Link	pending
v449078_ex31-1.htm	Edgar Link	pending
v449078_ex31-2.htm	Edgar Link	pending
v449078_ex32-1.htm	Edgar Link	pending
v449078_ex32-2.htm	Edgar Link	pending

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$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

2016 Q3 Form 10-K Financial Statement

#000114420416125803 Filed on September 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI PORTSMOUTH SQUARE INC Stock $prsi

2016 Q3 Form 10-K Financial Statement

#000114420416125803 Filed on September 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI
PORTSMOUTH SQUARE INC Stock $prsi