$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

$prsi Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-K Financial Statement

#000114420417052401 Filed on October 13, 2017

Income Statement

Concept	2017 Q3	2017	2016 Q2
Revenue	$14.44M	$54.33M	$15.23M
YoY Change	-1.15%	-7.23%	9.18%
Cost Of Revenue	$10.59M	$41.03M	$12.25M
YoY Change	3.21%	-13.15%	9.87%
Gross Profit	$3.848M	$13.30M	$2.980M
YoY Change	-11.54%	17.52%	6.05%
Gross Profit Margin	26.65%	24.48%	19.57%
Selling, General & Admin	$200.0K	$635.0K	$180.0K
YoY Change	33.33%	-10.81%	28.57%
% of Gross Profit	5.2%	4.77%	6.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$677.0K	$2.944M	$710.0K
YoY Change	6.45%	3.12%	0.0%
% of Gross Profit	17.59%	22.13%	23.83%
Operating Expenses	$10.79M	$41.67M	$880.0K
YoY Change	3.62%	-13.12%	4.76%
Operating Profit	$3.001M	$9.808M	$2.100M
YoY Change	-15.01%	316.12%	6.6%
Interest Expense	-$2.280M	-$8.987M	-$2.140M
YoY Change	32.56%	-9.0%	20.22%
% of Operating Profit	-75.97%	-91.63%	-101.9%
Other Income/Expense, Net	-$2.332M	-$9.217M	-$40.00K
YoY Change	32.95%	-10.1%	-42.86%
Pretax Income	$669.0K	$591.0K	-$250.0K
YoY Change	-62.35%	-107.48%	1150.0%
Income Tax	$262.0K	$196.0K	$20.00K
% Of Pretax Income	39.16%	33.16%
Net Earnings	$334.0K	$245.0K	-$270.0K
YoY Change	-65.39%	-105.11%	80.0%
Net Earnings / Revenue	2.31%	0.45%	-1.77%
Basic Earnings Per Share
Diluted Earnings Per Share	$452.1K	$333.7K	-$369.9K
COMMON SHARES
Basic Shares Outstanding	734.2K shares		734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2017	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.530M	$2.049M	$3.380M
YoY Change	11.68%	-39.34%	212.96%
Cash & Equivalents	$1.531M	$2.049M	$3.378M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory			$248.0K
Prepaid Expenses
Receivables	$2.620M	$1.436M	$3.220M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.150M	$3.485M	$6.600M
YoY Change	-5.25%	-47.16%	-16.14%
LONG-TERM ASSETS
Property, Plant & Equipment	$34.61M	$35.21M	$37.74M
YoY Change	-7.24%	-6.71%	3.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.650M	$5.223M	$5.370M
YoY Change	-25.24%	-2.74%	-26.24%
Other Assets	$16.20M	$16.04M	$11.99M
YoY Change	34.22%	33.81%	34.12%
Total Long-Term Assets	$56.14M	$57.34M	$56.37M
YoY Change	-0.84%	1.72%	0.34%
TOTAL ASSETS
Total Short-Term Assets	$4.150M	$3.485M	$6.600M
Total Long-Term Assets	$56.14M	$57.34M	$56.37M
Total Assets	$60.29M	$60.83M	$62.97M
YoY Change	-1.16%	-3.4%	-1.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.77M	$15.09M	$17.18M
YoY Change	5.2%	-12.2%	17.51%
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	$14.77M	$15.09M	$17.18M
YoY Change	5.2%	-12.2%	17.51%
LONG-TERM LIABILITIES
Long-Term Debt	$125.5M	$125.8M	$127.4M
YoY Change	-1.14%	-1.24%	0.99%
Other Long-Term Liabilities	$1.200M	$1.459M	$320.0K
YoY Change	31.87%	355.94%
Total Long-Term Liabilities	$126.7M	$127.3M	$127.7M
YoY Change	-0.91%	-0.35%	1.24%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.77M	$15.09M	$17.18M
Total Long-Term Liabilities	$126.7M	$127.3M	$127.7M
Total Liabilities	$135.0M	$135.9M	$145.7M
YoY Change	-0.24%	-1.73%	3.53%
SHAREHOLDERS EQUITY
Retained Earnings			-$77.37M
YoY Change			6.68%
Common Stock			$2.092M
YoY Change			0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$74.69M	-$75.03M	-$75.27M
YoY Change
Total Liabilities & Shareholders Equity	$60.29M	$60.83M	$62.97M
YoY Change	-1.16%	-3.4%	-1.68%

Cashflow Statement

Concept	2017 Q3	2017	2016 Q2
OPERATING ACTIVITIES
Net Income	$334.0K	$245.0K	-$270.0K
YoY Change	-65.39%	-105.11%	80.0%
Depreciation, Depletion And Amortization	$677.0K	$2.944M	$710.0K
YoY Change	6.45%	3.12%	0.0%
Cash From Operating Activities	$342.0K	$4.969M	$7.900M
YoY Change	-180.09%	-52.12%	818.6%
INVESTING ACTIVITIES
Capital Expenditures	$43.00K	$329.0K	-$730.0K
YoY Change	-84.19%	-92.22%	-27.72%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$90.00K	$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$43.00K	-$419.0K	-$730.0K
YoY Change	-84.19%	-90.1%	-29.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$394.0K	-$5.879M	-9.050M
YoY Change	-69.88%	52.9%	-6133.33%
NET CHANGE
Cash From Operating Activities	$342.0K	$4.969M	7.900M
Cash From Investing Activities	-$43.00K	-$419.0K	-730.0K
Cash From Financing Activities	-$394.0K	-$5.879M	-9.050M
Net Change In Cash	-$95.00K	-$1.329M	-1.880M
YoY Change	-95.27%	-121.62%	6166.67%
FREE CASH FLOW
Cash From Operating Activities	$342.0K	$4.969M	$7.900M
Capital Expenditures	$43.00K	$329.0K	-$730.0K
Free Cash Flow	$299.0K	$4.640M	$8.630M
YoY Change	-142.78%	-24.5%	361.5%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2017Q3	dei	Entity Public Float EntityPublicFloat	5157000	USD
CY2017	dei	Trading Symbol TradingSymbol	PRSI
CY2016Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	37744000	USD
CY2017Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	35213000	USD
CY2016Q2	us-gaap	Real Estate Investments RealEstateInvestments	973000	USD
CY2017Q2	us-gaap	Real Estate Investments RealEstateInvestments	973000	USD
CY2016Q2	us-gaap	Trading Securities TradingSecurities	4038000	USD
CY2017Q2	us-gaap	Trading Securities TradingSecurities	3861000	USD
CY2016Q2	us-gaap	Other Investments OtherInvestments	359000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3378000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2049000	USD
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	734183	shares
CY2017Q2	us-gaap	Other Investments OtherInvestments	389000	USD
CY2016	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	47246000	USD
CY2016Q2	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	898000	USD
CY2017Q2	prsi	Restricked Cash Mortgage Impounds RestrickedCashMortgageImpounds	5111000	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	2092000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-77365000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	-75273000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	-6664000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-81937000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	62970000	USD
CY2017Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	867000	USD
CY2016Q2	prsi	Obligations For Securities Sold ObligationsForSecuritiesSold	29000	USD
CY2017Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	592000	USD
CY2016Q2	prsi	Due To Securities Broker DueToSecuritiesBroker	291000	USD
CY2016	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	58566000	USD
CY2017	us-gaap	Revenue From Leased And Owned Hotels RevenueFromLeasedAndOwnedHotels	54334000	USD
CY2017	us-gaap	Direct Costs Of Hotels DirectCostsOfHotels	41031000	USD
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	635000	USD
CY2017	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2860000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	712000	USD
CY2017	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-1321000	USD
CY2016	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2855000	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-4792000	USD
CY2016	us-gaap	Costs And Expenses CostsAndExpenses	56209000	USD
CY2017	us-gaap	Costs And Expenses CostsAndExpenses	44526000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	2357000	USD
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	9808000	USD
CY2016	us-gaap	Interest Expense Debt InterestExpenseDebt	7790000	USD
CY2017	us-gaap	Interest Expense Debt InterestExpenseDebt	7736000	USD
CY2016	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-2095000	USD
CY2017	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	-1295000	USD
CY2016	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	32000	USD
CY2017	prsi	Net Unrealized Loss On Other Investments NetUnrealizedLossOnOtherInvestments	0	USD
CY2016	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	121000	USD
CY2017	prsi	Trading And Margin Interest Expense TradingAndMarginInterestExpense	170000	USD
CY2016	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-10253000	USD
CY2017	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9217000	USD
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7896000	USD
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	591000	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2737000	USD
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	196000	USD
CY2016	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2017	us-gaap	Profit Loss ProfitLoss	395000	USD
CY2016	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-367000	USD
CY2017	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	150000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	245000	USD
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-6.53
CY2017	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.33
CY2016	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2017	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	734183	shares
CY2016	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	9000	USD
CY2017	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	44000	USD
CY2016	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-30000	USD
CY2017	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
CY2017	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	60000	USD
CY2016	prsi	Impairment Loss On Other Investments ImpairmentLossOnOtherInvestments	194000	USD
CY2017	us-gaap	Legal Fees LegalFees	0	USD
CY2016	us-gaap	Legal Fees LegalFees	5396000	USD
CY2016	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-2130000	USD
CY2016	us-gaap	Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments	-41000	USD
CY2017	us-gaap	Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments	0	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2855000	USD
CY2017	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2944000	USD
CY2016	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	458000	USD
CY2017	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	1144000	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3573000	USD
CY2017	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1782000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1454000	USD
CY2017	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-407000	USD
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2559000	USD
CY2017	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2096000	USD
CY2016	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	291000	USD
CY2017	prsi	Increase Decrease In Due To Securities Broker IncreaseDecreaseInDueToSecuritiesBroker	301000	USD
CY2016	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	29000	USD
CY2017	prsi	Increase Decrease In Obligations For Securities Sold IncreaseDecreaseInObligationsForSecuritiesSold	838000	USD
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2737000	USD
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CY2017	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	161000	USD
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CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4969000	USD
CY2016	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4231000	USD
CY2017	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	329000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4231000	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-419000	USD
CY2016	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	-311000	USD
CY2017	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	-4213000	USD
CY2016	us-gaap	Interest Paid InterestPaid	7796000	USD
CY2017	prsi	Conversion Of Other Investments To Marketable Securities ConversionOfOtherInvestmentsToMarketableSecurities	0	USD
CY2016	prsi	Conversion Of Other Investments To Marketable Securities ConversionOfOtherInvestmentsToMarketableSecurities	4410000	USD
CY2016	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	194000	USD
CY2017	prsi	Adjustment To Impairment Loss On Other Investments AdjustmentToImpairmentLossOnOtherInvestments	60000	USD
CY2017	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	0	USD
CY2016	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	50000	USD
CY2017	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	0	USD
CY2016	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	5575000	USD
CY2017	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	90000	USD
CY2016	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
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CY2016	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-3484000	USD
CY2017	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	USD
CY2016	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000	USD
CY2017	us-gaap	Impairment Of Investments ImpairmentOfInvestments	60000	USD
CY2016	us-gaap	Impairment Of Investments ImpairmentOfInvestments	194000	USD
CY2017	prsi	Allowance For Impairment Losses AllowanceForImpairmentLosses	2159000	USD
CY2016	prsi	Allowance For Impairment Losses AllowanceForImpairmentLosses	2099000	USD
CY2017	us-gaap	Advertising Expense AdvertisingExpense	294000	USD
CY2016	us-gaap	Advertising Expense AdvertisingExpense	522000	USD
CY2007Q3	prsi	Business Acquisition Costs Of Acquired Entity Purchase Price BusinessAcquisitionCostsOfAcquiredEntityPurchasePrice	973000	USD
CY2016	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	35000	USD
CY2017	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	26000	USD
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CY2017	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	-1295000	USD
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CY2017	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	-60000	USD
CY2016	us-gaap	Gain Loss On Sale Of Other Investments GainLossOnSaleOfOtherInvestments	-194000	USD
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CY2016Q2	us-gaap	Inventory Net InventoryNet	248000	USD
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CY2016Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	690000	USD
CY2017Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	300000	USD
CY2016Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	336000	USD
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CY2017	prsi	Mortgage Loan On Real Estate Final Maturity Period MortgageLoanOnRealEstateFinalMaturityPeriod	P10Y
CY2017	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	34000	USD
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CY2017	us-gaap	Revenues Revenues	54334000	USD
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CY2016	us-gaap	Revenues Revenues	58566000	USD
CY2016	us-gaap	Operating Expenses OperatingExpenses	47958000	USD
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CY2017	us-gaap	Payment For Management Fee PaymentForManagementFee	1550000	USD
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CY2017	us-gaap	Initial Franchise Fees InitialFranchiseFees	3300000	USD
CY2016	us-gaap	Initial Franchise Fees InitialFranchiseFees	3100000	USD
CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
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CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2016	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2017	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	81000	USD
CY2016	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-2362000	USD
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1000	USD
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	USD
CY2017	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	80000	USD
CY2016	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-375000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	27066000	USD
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	734183	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	734183	shares
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-76728000	USD
CY2016	prsi	Redemption Of Limited Partnership Interests RedemptionOfLimitedPartnershipInterests	50000	USD
CY2017	prsi	Key Money Incentive Advance To Related Party KeyMoneyIncentiveAdvanceToRelatedParty	2000000	USD
CY2017	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: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017	us-gaap	Notes Reduction NotesReduction	316000	USD
CY2016	us-gaap	Notes Reduction NotesReduction	316000	USD
CY2017	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	115000	USD
CY2016	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	-2362000	USD
CY2017	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	81000	USD
CY2016	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	-375000	USD
CY2016	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
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	-0.015	pure
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.009	pure
CY2017	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.444	pure
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.347	pure
CY2016Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8070000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Investments DeferredTaxAssetsInvestments	1157000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	1805000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1123000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	13803000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	12155000	USD
CY2017Q2	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	1625000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	0	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Unrealized Gains On Trading Securities DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities	260000	USD
CY2016Q2	prsi	Deferred Tax Liabilities State Tax Deferred Income DeferredTaxLiabilitiesStateTaxDeferredIncome	807000	USD
CY2017Q2	us-gaap	Deferred Tax Liabilities Tax Deferred Income DeferredTaxLiabilitiesTaxDeferredIncome	2876000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Tax Deferred Income DeferredTaxLiabilitiesTaxDeferredIncome	1067000	USD
CY2017	prsi	Legal Settlement Costs LegalSettlementCosts	0	USD
CY2016	prsi	Legal Settlement Costs LegalSettlementCosts	5575000	USD
CY2016Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	840000	USD
CY2017Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	728000	USD
CY2017	prsi	Management Fees ManagementFees	372000	USD
CY2016	prsi	Payment Of Annual Based Management Fees PaymentOfAnnualBasedManagementFees	1219000	USD
CY2014	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	4700000	USD
CY2013Q4	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	4700000	USD
CY2016	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	1450000	USD
CY2016	prsi	Legal Fees Period Decrease Increase LegalFeesPeriodDecreaseIncrease	340000	USD
CY2017Q1	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	900000	USD
CY2017Q2	prsi	Various Notes Payable And Financing Obligations Outstanding VariousNotesPayableAndFinancingObligationsOutstanding	212000	USD
CY2017Q2	prsi	Mortgage Notes Payable Gross MortgageNotesPayableGross	116343000	USD
CY2016Q2	prsi	Mortgage Notes Payable Gross MortgageNotesPayableGross	117000000	USD
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2017	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.026	pure
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Minority Interest Income Expense EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense	0.0	pure
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.078	pure
CY2017Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1563000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	11207000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Investments DeferredTaxAssetsInvestments	1033000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	0	USD
CY2017Q2	prsi	Deferred Tax Liabilities State Tax Deferred Income DeferredTaxLiabilitiesStateTaxDeferredIncome	769000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	482000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	USD

Files In Submission

Name	View Source	Status
0001144204-17-052401-index-headers.html	Edgar Link	pending
0001144204-17-052401-index.html	Edgar Link	pending
0001144204-17-052401.txt	Edgar Link	pending
0001144204-17-052401-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
prsi-20170630.xml	Edgar Link	completed
prsi-20170630.xsd	Edgar Link	pending
prsi-20170630_cal.xml	Edgar Link	unprocessable
prsi-20170630_def.xml	Edgar Link	unprocessable
prsi-20170630_lab.xml	Edgar Link	unprocessable
prsi-20170630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v475682_10k.htm	Edgar Link	pending
v475682_ex10-5.htm	Edgar Link	pending
v475682_ex10-5img01.jpg	Edgar Link	pending
v475682_ex10-5img02.jpg	Edgar Link	pending
v475682_ex10-5img03.jpg	Edgar Link	pending
v475682_ex10-5img04.jpg	Edgar Link	pending
v475682_ex10-5img05.jpg	Edgar Link	pending
v475682_ex10-5img07.jpg	Edgar Link	pending
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v475682_ex10-5img09.jpg	Edgar Link	pending
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v475682_ex10-5img11.jpg	Edgar Link	pending
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v475682_ex10-5img13.jpg	Edgar Link	pending
v475682_ex10-5img14.jpg	Edgar Link	pending
v475682_ex10-5img15.jpg	Edgar Link	pending
v475682_ex10-5img16.jpg	Edgar Link	pending
v475682_ex10-5img17.jpg	Edgar Link	pending
v475682_ex14.htm	Edgar Link	pending
v475682_ex31-1.htm	Edgar Link	pending
v475682_ex31-2.htm	Edgar Link	pending
v475682_ex32-1.htm	Edgar Link	pending
v475682_ex32-2.htm	Edgar Link	pending

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$PRSI
PORTSMOUTH SQUARE INC Stock $prsi

2017 Q3 Form 10-K Financial Statement

#000114420417052401 Filed on October 13, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI PORTSMOUTH SQUARE INC Stock $prsi

2017 Q3 Form 10-K Financial Statement

#000114420417052401 Filed on October 13, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRSI
PORTSMOUTH SQUARE INC Stock $prsi