UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SEC File No. 0-0405
CUSIP No. 737212100
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For the Fiscal Year Ended: June 30, 2009
[ ] Transition Report on Form 10-K
[ ] Transition Report on From 20-K
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: _____________________
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMISSION HAS
VERIFIED ANY OF THE INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
PART I - REGISTRANT INFORMATION
Portsmouth Square, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
820 Moraga Drive
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Address of Principal Executive Office (Street and Number)
Los Angeles, CA 90049
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City, State and Zip Code
PART II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to 12b-25(b), the following
should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the
[X] prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof, will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable. N/A
PART III - NARRATIVE
The Company has not been able to compile all of the requisite financial data
and narrative information necessary for it to have sufficient time to
complete its Annual Report on Form 10-K for the fiscal year ended June 30, 2009
without unreasonable effort or expense. The Form 10-K will be filed as soon as
reasonably practicable and in no event later than October 13, 2009.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
David T. Nguyen 310 889-2511
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
answer is no, identify reports. [X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof? [ ] Yes [ ] No *
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
* The Company is in the process of reviewing its accounting for the minority
interest in a consolidated partnership entity and may have adjustments related
to this item. The Company is still trying to determine the amount and nature of
any such adjustments that may be required.
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PORTSMOUTH SQUARE, INC.
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(Name of Registrant as Specified in its Charter)
Registrant has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 28, 2009 By: /s/ David T. Nguyen
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David T. Nguyen, Treasurer
Principal Accounting Officer
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