Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1864

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 12
Chunk 1864
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 approximately $4,641 and $4,974 for the years ended  December 31, 2024 and 2023.
    
   Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:

     2025   15,670 
 2026   4,107 
 Thereafter   — 
 Total  $19,777 

   6. OTHER ASSETS
    
   Other assets consist of the following:

       December 31,    December 31,  
   2024    2023  
 Deferred rent receivable  $2,126,609  $1,973,887 
 Accounts receivable, net   463,194   694,869 
 Prepaid expenses, deposits and other   406,494   349,160 
 Notes receivable   316,374   316,374 
 Right-of-use assets, net   64,026   15,649 
 Deferred offering costs   —   5,000 
 Investment in marketable securities (not including Conduit)   —   45,149 
 Total other assets  $3,376,697  $3,400,088 

        F-
       22

   Periodically, the Company  may sell an option in the marketable securities it holds to unrelated third parties for the right to purchase certain securities held within its investment portfolios (“covered call options”). These option transactions are designed primarily to increase the total return associated with holding the related securities as earning assets by using fee income generated from these options. These transactions are not designated as hedging relationships pursuant to accounting guidance ASC 815 and, accordingly, changes in fair values of these contracts are reported in other income (expense).  There are several risks associated with transactions in options on securities. For example, there are significant differences between the securities and options markets that could result in an imperfect correlation between these markets, causing a given transaction not to achieve its objectives. A transaction in options or securities  may be unsuccessful to some degree because of market behavior or unexpected events. When we write a covered call option, we forgo, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but retain the risk of loss should the price of the underlying security decline. The writer of