Portsmouth Square Inc (PRSI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
11620 WILSHIRE BOULEVARD LOS ANGELES, CA 90025 |
| State of Incorp. | CA |
| Fiscal Year End | June 30 |
| Industry (SIC) | 6552 - Land Subdividers and Developers, Except Cemeteries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 6/30/2024 | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,720 | 3,993 | 2,654 | 3,073 | 4,131 | 4,710 | |||
| Cash and cash equivalents | 3,511 | 3,668 | 2,295 | 2,662 | 2,310 | 4,710 | |||
| Short-term investments | 209 | 325 | 359 | 411 | 1,821 | ||||
| Restricted cash and investments | 2,310 | 16,385 | |||||||
| Receivables | 519 | 420 | 392 | (17) | (25) | ||||
| Inventory, net of allowances, customer advances and progress billings | 27 | 27 | 27 | 37 | 37 | ||||
| Inventory | 27 | 27 | 27 | 37 | 37 | ||||
| Total current assets: | 4,266 | 3,993 | 3,101 | 3,492 | 6,461 | 21,107 | |||
| Noncurrent Assets | |||||||||
| Deferred income tax assets | 7,911 | 8,055 | 5,974 | ||||||
| Total noncurrent assets: | 7,911 | 8,055 | 5,974 | ||||||
| Other undisclosed assets | 37,136 | 36,864 | 37,999 | 38,396 | 38,035 | 30,473 | |||
| TOTAL ASSETS: | 41,402 | 40,857 | 41,100 | 49,799 | 52,551 | 57,554 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,388 | 2,671 | 2,954 | 2,000 | |||||
| Total current liabilities: | 2,388 | 2,671 | 2,954 | 2,000 | |||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,151 | ||||||||
| Investment program, proportional amortization method, elected, commitment | 1,151 | ||||||||
| Total noncurrent liabilities: | 1,151 | ||||||||
| Other undisclosed liabilities | 154,024 | 145,947 | 141,781 | 140,231 | 134,074 | 133,944 | |||
| Total liabilities: | 156,412 | 148,618 | 144,735 | 140,231 | 136,074 | 135,095 | |||
| Equity | |||||||||
| Equity, attributable to parent | (115,010) | (107,761) | (103,635) | (90,432) | (82,868) | (71,717) | |||
| Common stock | 2,092 | 2,092 | 2,092 | 2,092 | 2,092 | 2,092 | |||
| Accumulated deficit | (117,102) | (109,853) | (105,727) | (92,524) | (84,960) | (73,809) | |||
| Equity, attributable to noncontrolling interest | (655) | (5,824) | |||||||
| Total equity: | (115,010) | (107,761) | (103,635) | (90,432) | (83,523) | (77,541) | |||
| TOTAL LIABILITIES AND EQUITY: | 41,402 | 40,857 | 41,100 | 49,799 | 52,551 | 57,554 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 41,886 | 41,143 | 42,027 | 31,534 | 14,668 | 42,839 | ||
| Cost of revenue | (79,036) | (107,821) | (75,215) | (59,371) | (17,911) | (37,333) | ||
| Cost of goods and services sold | (36,139) | (27,099) | (34,457) | (27,451) | (17,911) | (37,333) | ||
| Gross profit: | (37,150) | (66,678) | (33,188) | (27,837) | (3,243) | 5,506 | ||
| Operating expenses | 37,821 | 64,598 | 36,250 | 28,581 | ||||
| Other undisclosed operating income (loss) | 3,276 | (2,875) | (2,939) | |||||
| Operating income (loss): | 671 | 1,196 | 3,062 | 744 | (6,118) | 2,567 | ||
| Nonoperating expense | (12,045) | (8,563) | (8,353) | (7,167) | (1,314) | (7,724) | ||
| Interest and debt expense | (2,369) | (4,071) | (1,725) | (142) | 4,719 | (361) | ||
| Loss from continuing operations before equity method investments, income taxes: | (13,743) | (11,438) | (7,016) | (6,565) | (2,713) | (5,518) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,369 | 4,071 | 1,725 | 142 | (4,719) | 361 | ||
| Loss from continuing operations before income taxes: | (11,374) | (7,367) | (5,291) | (6,423) | (7,432) | (5,157) | ||
| Income tax expense (benefit) | (1) | (8,633) | (7,912) | (142) | 2,146 | 1,934 | ||
| Loss from continuing operations: | (11,375) | (16,000) | (13,203) | (6,565) | (5,286) | (3,223) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (6,565) | (5,286) | (3,223) | |
| Net loss: | (11,375) | (16,000) | (13,203) | (6,565) | (5,286) | (3,223) | ||
| Net income attributable to noncontrolling interest | 58 | 290 | ||||||
| Net loss available to common stockholders, diluted: | (11,375) | (16,000) | (13,203) | (6,565) | (5,228) | (2,933) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (11,375) | (16,000) | (13,203) | (6,565) | (5,286) | (3,223) | ||
| Comprehensive loss: | (11,375) | (16,000) | (13,203) | (6,565) | (5,286) | (3,223) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 58 | 290 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (11,375) | (16,000) | (13,203) | (6,565) | (5,228) | (2,933) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.