Filing Signals

Source: SEC EDGAR Compiled 2026-11-14 10:32 UTC 23 automated checks passing

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PORTSMOUTH SQUARE INC

CIK 79661 PRSI·Land Subdividers And Developers · All EDGAR filings ↗

Progression

  1. Auditor change 8-K
  2. Going concern 10-K +189d
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Form
An amendment is grouped with the report it amends; every 12b-25 notice is one group

Going concern Filing comparison

PORTSMOUTH SQUARE INC no longer reports substantial doubt about going concern

Substantial doubt about ability to continue as a going concern → No substantial-doubt conclusion identified

… report on the Company’s consolidated financial statements for the fiscal year ended June 30, 2025 did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. Withum’s report on the Company’s consolidated financial statements for the fiscal year ended June 30, 2024 included an explanatory paragraph regarding substantial doubt about the Company’s ability to continue as a going concern; however, Withum stated that its opinion was not modified with respect to that matter. During the fiscal years ended…
Evidence
Blank check
No
Comparable
Yes
Current state
none
Current state label
No substantial-doubt conclusion identified
Direction
eased
Located in
filing body
Prior filed
2025-09-30
Prior form
10-K
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.

Source filing ↗ Prior filing ↗

Revenue recognition change beta Filing comparison

PORTSMOUTH SQUARE INC changed its revenue recognition disclosure

Room revenue is recognized over the period rooms are occupied, and food and beverage, parking and other ancillary revenue is recognized when the related goods or services are provided.
Evidence
New language
Room revenue is recognized over the period rooms are occupied, and food and beverage, parking and other ancillary revenue is recognized when the related goods or services are provided., Amounts received in advance are recorded as contract liabilities and recognized as revenue as the related performance obligations are satisfied.
Prior filed
2025-09-30
Prior form
10-K
Similarity
0.067
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.

Language present now, absent from the prior filing:

  • Room revenue is recognized over the period rooms are occupied, and food and beverage, parking and other ancillary revenue is recognized when the related goods or services are provided.
  • Amounts received in advance are recorded as contract liabilities and recognized as revenue as the related performance obligations are satisfied.

Source filing ↗ Prior filing ↗

Auditor change SEC item code

PORTSMOUTH SQUARE INC reported a change in its independent accounting firm

Evidence
Item code
4.01
Item title
Changes in Registrant's Certifying Accountant
Severity
normal
Source
SEC 8-K item code
Why
The company's independent registered accounting firm changed.

Source filing ↗

Auditor change SEC item code

PORTSMOUTH SQUARE INC dismissed its auditor and engaged Whitley Penn LLP

The company dismissed the auditor. not stated → Whitley Penn LLP No disagreements disclosed.

Evidence
Direction
dismissed
Direction label
The company dismissed the auditor
Disagreements disclosed
No
Item code
4.01
Item title
Changes in Registrant's Certifying Accountant
Severity
normal
Source
SEC 8-K item code
Successor auditor
Whitley Penn LLP
Successor tier
other
Why
The company's independent registered accounting firm changed.

Source filing ↗