Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 72

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 72
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   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 participating securities requiring the two-class method of computing net income per share of common stock.  In accordance with the two-class method, earnings per share have been computed by dividing the net income less net income attributable to unvested restricted shares by the weighted average number of shares of common stock outstanding less unvested restricted shares. Diluted earnings per share is computed by dividing net income by the weighted average shares of common stock and potentially dilutive securities outstanding in accordance with the treasury stock method.
    
   Dilutive common stock equivalents include the dilutive effect of in-the-money stock equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common stock equivalents if their effect would be anti-dilutive. In periods in which a net loss has been incurred, all potentially dilutive common stock shares are considered anti-dil