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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Revenue - Hotel $ 13,997,000 $ 13,187,000 $ 29,807,000 $ 27,624,000
Costs and operating expenses        
Hotel operating expenses (11,236,000) (10,743,000) (22,046,000) (21,332,000)
Hotel depreciation and amortization expense (594,000) (634,000) (1,187,000) (1,283,000)
General and administrative expense (158,000) (164,000) (322,000) (362,000)
Total costs and operating expenses (11,988,000) (11,541,000) (23,555,000) (22,977,000)
Income from operations 2,009,000 1,646,000 6,252,000 4,647,000
Other income (expense)        
Interest expense - mortgage (1,796,000) (1,851,000) (3,611,000) (3,706,000)
Interest expense - related party (91,000) (129,000) (181,000) (261,000)
Net (loss) gain on marketable securities (260,000) 100,000 (227,000) 6,000
Net loss on marketable securities - Comstock (13,000) (697,000) (226,000) (907,000)
Impairment loss on other investments 0 (72,000) 0 (72,000)
Dividend and interest income 12,000 5,000 20,000 16,000
Trading and margin interest expense (41,000) (46,000) (95,000) (98,000)
Total other expense, net (2,189,000) (2,690,000) (4,320,000) (5,022,000)
Income (loss) before income taxes (180,000) (1,044,000) 1,932,000 (375,000)
Income tax benefit (expense) 141,000 (2,902,000) (489,000) (3,164,000)
Net income (loss) (39,000) (3,946,000) 1,443,000 (3,539,000)
Less: Net (income) loss attributable to the noncontrolling interest (9,000) 21,000 (170,000) (52,000)
Net income (loss) attributable to Portsmouth $ (48,000) $ (3,925,000) $ 1,273,000 $ (3,591,000)
Basic and diluted net income (loss) per share attributable to Portsmouth $ (0.07) $ (5.35) $ 1.73 $ (4.89)
Weighted average number of common shares outstanding - basic and diluted 734,183 734,183 734,183 734,183