Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1070

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1070
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 on our consolidated statement of operations.

        F-
       14

   The following table presents as of  December 31, 2024 the Company’s assets subject to measurement at fair value on a nonrecurring basis (in thousands):

       Fair Value Measurements as of December 31, 2024  
   Level 1    Level 2    Level 3    Total    Impairment Loss  
 Assets:                     
 Goodwill for Dubose Model Homes  $-  $-  $1,123,000  $1,123,000  $- 
 Goodwill for NTR Property Management   -   -   266,000   266,000   185,000 
 Certain Real Estate assets   -   -   18,065,871   18,065,871   1,784,311 
 Total Assets  $-  $-  $19,454,871  $19,454,871  $1,969,311 

   The following table presents as of  December 31, 2023 the Company’s assets subject to measurement at fair value on a nonrecurring basis (in thousands):

       Fair Value Measurements as of December 31, 2023      
   Level 1    Level 2    Level 3    Total    Impairment Loss  
 Assets:                     
 Goodwill for Dubose Model Homes  $-  $-  $1,123,000  $1,123,000  $- 
 Goodwill for NTR Property Management   -   -   451,000   451,000   849,000 
 Certain Real Estate assets   -   -   12,503,176   12,503,176   2,398,097 
 Total Assets  $-  $-  $14,077,176  $14,077,176  $3,247,097 

   Earnings per share (“EPS”). The EPS on common stock has been computed pursuant to the guidance in FASB ASC Topic 260, Earnings Per Share.  The guidance requires the classification of the Company’s unvested restricted stock, which contains rights to receive non-forfeitable dividends, as