Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1138

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1138
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4, with a cost basis of approximately $7.5 million.  The Company entered into a lock-up agreement with Conduit regarding the common stock held by the Company, for 180 days from the closing of the business combination which ended March 20, 2024.  There were no financial liabilities measured at fair value as of December 31, 2024 and December 31, 2023.

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 
      
     $