2016 Q4 Form 10-Q Financial Statement
#000114420416131744 Filed on November 04, 2016
Income Statement
| Concept | 2016 Q4 | 2015 Q3 |
|---|---|---|
| Revenue | $12.84M | $15.14M |
| YoY Change | -6.39% | 2.08% |
| Cost Of Revenue | $9.930M | $11.19M |
| YoY Change | -17.04% | -5.49% |
| Gross Profit | $2.910M | $3.950M |
| YoY Change | 67.24% | 32.11% |
| Gross Profit Margin | 22.67% | 26.09% |
| Selling, General & Admin | $140.0K | $200.0K |
| YoY Change | -17.65% | 5.26% |
| % of Gross Profit | 4.81% | 5.06% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $760.0K | $713.0K |
| YoY Change | 7.04% | 11.06% |
| % of Gross Profit | 26.12% | 18.05% |
| Operating Expenses | $10.07M | $11.40M |
| YoY Change | -17.04% | -5.24% |
| Operating Profit | $2.007M | $3.029M |
| YoY Change | -119.3% | 40.1% |
| Interest Expense | -$2.900M | -$1.840M |
| YoY Change | -24.08% | -26.4% |
| % of Operating Profit | -144.49% | -60.75% |
| Other Income/Expense, Net | -$2.946M | -$30.00K |
| YoY Change | -25.23% | -98.85% |
| Pretax Income | -$939.0K | $1.110M |
| YoY Change | -69.46% | -344.49% |
| Income Tax | -$377.0K | $440.0K |
| % Of Pretax Income | 39.64% | |
| Net Earnings | -$571.0K | $600.0K |
| YoY Change | -67.89% | -310.53% |
| Net Earnings / Revenue | -4.45% | 3.96% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$780.8K | $821.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 734.2K shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q4 | 2015 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.310M | $3.810M |
| YoY Change | -30.42% | 115.25% |
| Cash & Equivalents | $2.314M | $3.814M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $880.0K | $2.230M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.190M | $6.040M |
| YoY Change | -28.31% | 46.6% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $36.58M | $37.07M |
| YoY Change | -3.53% | 5.73% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $5.120M | $7.250M |
| YoY Change | -6.23% | -17.89% |
| Other Assets | $12.57M | $8.750M |
| YoY Change | 28.0% | -69.65% |
| Total Long-Term Assets | $55.47M | $56.29M |
| YoY Change | -2.69% | -26.14% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.190M | $6.040M |
| Total Long-Term Assets | $55.47M | $56.29M |
| Total Assets | $58.66M | $62.33M |
| YoY Change | -4.55% | -22.41% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $14.13M | $12.36M |
| YoY Change | 4.82% | -1.36% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $14.13M | $12.36M |
| YoY Change | 4.82% | -1.36% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $125.1M | $126.0M |
| YoY Change | -0.6% | -11.37% |
| Other Long-Term Liabilities | $830.0K | |
| YoY Change | ||
| Total Long-Term Liabilities | $126.0M | $126.0M |
| YoY Change | 0.06% | -11.82% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $14.13M | $12.36M |
| Total Long-Term Liabilities | $126.0M | $126.0M |
| Total Liabilities | $133.5M | $132.2M |
| YoY Change | 0.35% | -14.98% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$76.97M | |
| YoY Change | ||
| Common Stock | $2.092M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$74.88M | -$69.84M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $58.66M | $62.33M |
| YoY Change | -4.55% | -22.41% |
Cashflow Statement
| Concept | 2016 Q4 | 2015 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$571.0K | $600.0K |
| YoY Change | -67.89% | -310.53% |
| Depreciation, Depletion And Amortization | $760.0K | $713.0K |
| YoY Change | 7.04% | 11.06% |
| Cash From Operating Activities | $2.920M | $4.410M |
| YoY Change | 167.89% | -281.48% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$50.00K | $1.291M |
| YoY Change | -96.89% | -1.75% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$50.00K | -$1.290M |
| YoY Change | -96.89% | -1.53% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.930M | -380.0K |
| YoY Change | -9750.0% | -108.52% |
| NET CHANGE | ||
| Cash From Operating Activities | 2.920M | 4.410M |
| Cash From Investing Activities | -50.00K | -1.290M |
| Cash From Financing Activities | -1.930M | -380.0K |
| Net Change In Cash | 940.0K | 2.740M |
| YoY Change | -288.0% | 280.56% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $2.920M | $4.410M |
| Capital Expenditures | -$50.00K | $1.291M |
| Free Cash Flow | $2.970M | $3.119M |
| YoY Change | 10.0% | -183.31% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD |
| CY2015Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
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| CY2016Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1988000 | USD |
| CY2015Q3 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
104000 | USD |
| CY2016Q3 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
262000 | USD |
| CY2015Q3 | prsi |
Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
|
19000 | USD |
| CY2016Q3 | prsi |
Net Unrealized Loss On Other Investments
NetUnrealizedLossOnOtherInvestments
|
0 | USD |
| CY2015Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-30000 | USD |
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Impairment Loss On Other Investments
ImpairmentLossOnOtherInvestments
|
5000 | USD |
| CY2015Q3 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
129000 | USD |
| CY2016Q3 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
211000 | USD |
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Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
-19000 | USD |
| CY2016Q3 | us-gaap |
Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
0 | USD |
| CY2015Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
713000 | USD |
| CY2016Q3 | us-gaap |
Depreciation Depletion And Amortization
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|
664000 | USD |
| CY2015Q3 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
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Increase Decrease In Trading Securities
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|
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Costs And Expenses
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|
12109000 | USD |
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Operating Income Loss
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Costs And Expenses
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|
11074000 | USD |
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General And Administrative Expense
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General And Administrative Expense
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|
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Operating Income Loss
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|
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Increase Decrease In Accounts Receivable
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|
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Increase Decrease In Accounts Receivable
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|
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Revenues
Revenues
|
15138000 | USD |
| CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
11396000 | USD |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-381000 | USD |
| CY2016Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1308000 | USD |
| CY2015Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2737000 | USD |
| CY2015Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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| CY2016Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-327000 | USD |
| CY2015Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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| CY2016Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
-3144000 | USD |
| CY2015Q3 | prsi |
Increase Decrease In Due To Securities Broker
IncreaseDecreaseInDueToSecuritiesBroker
|
0 | USD |
| CY2016Q3 | prsi |
Increase Decrease In Due To Securities Broker
IncreaseDecreaseInDueToSecuritiesBroker
|
250000 | USD |
| CY2015Q3 | prsi |
Increase Decrease In Obligations For Securities Sold
IncreaseDecreaseInObligationsForSecuritiesSold
|
0 | USD |
| CY2016Q3 | prsi |
Increase Decrease In Obligations For Securities Sold
IncreaseDecreaseInObligationsForSecuritiesSold
|
339000 | USD |
| CY2015Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
443000 | USD |
| CY2016Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
705000 | USD |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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| CY2016Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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| CY2015Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
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| CY2016Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
272000 | USD |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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| CY2016Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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| CY2016Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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| CY2015Q3 | us-gaap |
Interest Paid
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|
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Interest Paid
InterestPaid
|
1997000 | USD |
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Conversion Of Other Investments To Marketable Securities
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|
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| CY2015Q3 | prsi |
Conversion Of Other Investments To Marketable Securities
ConversionOfOtherInvestmentsToMarketableSecurities
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4410000 | USD |
| CY2015Q3 | prsi |
Adjustment To Impairment Loss On Other Investments
AdjustmentToImpairmentLossOnOtherInvestments
|
0 | USD |
| CY2016Q3 | prsi |
Adjustment To Impairment Loss On Other Investments
AdjustmentToImpairmentLossOnOtherInvestments
|
5000 | USD |
| CY2015Q3 | us-gaap |
Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
|
-25000 | USD |
| CY2016Q3 | us-gaap |
Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
|
51000 | USD |
| CY2015Q3 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
104000 | USD |
| CY2016Q3 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
262000 | USD |
| CY2016Q3 | us-gaap |
Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
1206000 | USD |
| CY2016Q2 | us-gaap |
Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
1138000 | USD |
| CY2016Q3 | us-gaap |
Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
|
354000 | USD |
| CY2016Q3 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
-5000 | USD |
| CY2016Q3 | us-gaap |
Revenues
Revenues
|
14605000 | USD |
| CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
10410000 | USD |
| CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
234000 | USD |
| CY2015Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
55000 | USD |
| CY2015Q3 | us-gaap |
Assets
Assets
|
62332000 | USD |
| CY2016Q3 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2016Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2016Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | |
| CY2016Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | |
| CY2016Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2016Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
PORTSMOUTH SQUARE INC | |
| CY2016Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000079661 | |
| CY2016Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
| CY2016Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2016Q3 | dei |
Trading Symbol
TradingSymbol
|
PRSI | |
| CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
734183 | shares |
| CY2016Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
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Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q3 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-789000 | USD |
| CY2015Q3 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
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| CY2016Q3 | us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
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Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-124000 | USD |
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Common Stock No Par Value
CommonStockNoParValue
|
0 | |
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Common Stock No Par Value
CommonStockNoParValue
|
0 | |
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000 | shares |
| CY2016Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000 | shares |
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Common Stock Shares Issued
CommonStockSharesIssued
|
734183 | shares |
| CY2016Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
734183 | shares |
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
734183 | shares |
| CY2016Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
734183 | shares |
| CY2016Q2 | us-gaap |
Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
|
359000 | USD |
| CY2015Q3 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
0 | USD |
| CY2016Q3 | prsi |
Other Investments In Nonmarketable Securities Ownership Percentage
OtherInvestmentsInNonmarketableSecuritiesOwnershipPercentage
|
less than 20% | |
| CY2016Q3 | prsi |
Percentage Of Loan Fee Received
PercentageOfLoanFeeReceived
|
0.03 | pure |
