Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1461

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1461
---
 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

Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not available, we measure fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach.  Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair