Portsmouth Square Inc (PRSI) Financial Statements (2024 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)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6541,3891,5382,9383,0732,530
Cash and cash equivalents2,2959891,2362,6432,6621,687
Short-term investments359400302295411843
Receivables 420   392 
Inventory, net of allowances, customer advances and progress billings 27   27 
Inventory 27   27 
Total current assets:3,1011,3891,5382,9383,4922,530
Noncurrent Assets
Deferred income tax assets  7,9117,9117,9147,91110,251
Total noncurrent assets:  7,9117,9117,9147,91110,251
Other undisclosed assets37,99939,86239,55639,27338,39639,464
TOTAL ASSETS:41,10049,16249,00550,12549,79952,245
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,954     
Total current liabilities:2,954     
Noncurrent Liabilities
Other undisclosed liabilities141,781141,980140,766140,566140,231140,676
Total liabilities:144,735141,980140,766140,566140,231140,676
Equity
Equity, attributable to parent(103,635)(92,818)(91,761)(90,441)(90,432)(88,431)
Common stock2,0922,0922,0922,0922,0922,092
Accumulated deficit(105,727)(94,910)(93,853)(92,533)(92,524)(90,523)
Total equity:(103,635)(92,818)(91,761)(90,441)(90,432)(88,431)
TOTAL LIABILITIES AND EQUITY:41,10049,16249,00550,12549,79952,245

Income Statement (P&L) ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues9,39510,4309,89212,31011,7496,632
Cost of revenue(48,770)(18,511)(19,121)(19,857)(40,015)(14,202)
Cost of goods and services sold (8,413)(8,726)(9,306) (6,544)
Gross profit:(39,375)(8,081)(9,229)(7,547)(28,266)(7,570)
Operating expenses36,2508,9099,2439,61528,5816,826
Other undisclosed operating income 3,276   2,485 
Operating income (loss):151828142,0682,800(744)
Nonoperating expense(2,124)(2,097)(2,052)(2,080)(2,461)(1,930)
Interest and debt expense(446)(420)(429)(430)(2,142)(385)
Loss from continuing operations before equity method investments, income taxes:(2,419)(1,689)(2,467)(442)(1,803)(3,059)
Other undisclosed income from continuing operations before income taxes4464204294302,142385
Income (loss) from continuing operations before income taxes:(1,973)(1,269)(2,038)(12)339(2,674)
Income tax expense (benefit)(8,844)2127183(2,340)1,045
Loss from continuing operations:(10,817)(1,057)(1,320)(9)(2,001)(1,629)
Loss before gain (loss) on sale of properties:(9)(2,001)(1,629)
Net loss available to common stockholders, diluted:(10,817)(1,057)(1,320)(9)(2,001)(1,629)

Comprehensive Income ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net loss:(10,817)(1,057)(1,320)(9)(2,001)(1,629)
Comprehensive loss, net of tax, attributable to parent:(10,817)(1,057)(1,320)(9)(2,001)(1,629)

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.

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