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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenue - Hotel $ 13,713,000 $ 14,044,000 $ 28,851,000 $ 28,874,000
Costs and operating expenses        
Hotel operating expenses (11,969,000) (12,033,000) (23,162,000) (23,871,000)
Hotel depreciation and amortization expense (709,000) (664,000) (1,422,000) (1,306,000)
General and administrative expense (170,000) (157,000) (373,000) (345,000)
Total costs and operating expenses (12,848,000) (12,854,000) (24,957,000) (25,522,000)
Income from operations 865,000 1,190,000 3,894,000 3,352,000
Other income (expense)        
Interest expense - mortgage (1,941,000) (1,939,000) (3,882,000) (3,963,000)
Loss on disposal of assets 0 (51,000) (30,000) (51,000)
Net loss on marketable securities (1,878,000) (554,000) (1,774,000) (1,033,000)
Net unrealized loss on other investments (13,000) 4,000 (32,000) (21,000)
Impairment loss on other investments (82,000) 0 (82,000) 0
Dividend and interest income 0 166,000 2,000 169,000
Trading and margin interest expense (26,000) (70,000) (58,000) (161,000)
Other expense, net (3,940,000) (2,444,000) (5,856,000) (5,060,000)
Loss before income taxes (3,075,000) (1,254,000) (1,962,000) (1,708,000)
Income tax benefit 1,225,000 547,000 782,000 729,000
Net loss (1,850,000) (707,000) (1,180,000) (979,000)
Less: Net loss attributable to the noncontrolling interest 72,000 54,000 (3,000) 41,000
Net loss attributable to Portsmouth $ (1,778,000) $ (653,000) $ (1,183,000) $ (938,000)
Basic and diluted net loss per share attributable to Portsmouth $ (2.42) $ (0.89) $ (1.61) $ (1.28)
Weighted average number of common shares outstanding - basic and diluted 734,183 734,183 734,183 734,183