Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1833

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 12
Chunk 1833
---
000

       Redemption of SPAC shares 

      —

      (137,157,011
      )

       Issuance of Series D Preferred Stock, net of offering costs 

      1,195,855

      —

       Repurchase of Series A Common Stock, at cost 

      (140,416
      )

      —

       Repurchase of Series D Preferred Stock, at cost 

      (40,910
      )

      (369,986
      )

       Dividends paid to Series D Preferred Stockholders 

      (2,236,696
      )

      (2,118,846
      )

       Dividends paid to Series A Common Stockholders 

      —

      (1,194,635
      )

       Net cash (used in) financing activities 

      (10,612,691
      )

      (132,053,423
      )

       Net (decrease) increase in cash equivalents and restricted cash 

      1,526,068

      (10,006,297
      )

       Cash, cash equivalents and restricted cash - beginning of period 

      6,510,428

      16,516,725

       Cash, cash equivalents and restricted cash - end of period 
       
      $
      8,036,496

      $
      6,510,428

       Supplemental disclosure of cash flow information: 

       Interest paid-mortgage notes payable 
       
      $
      5,371,017

      $
      4,962,458

       Income taxes paid 
       
      $
      46,511

      $
      533,340

       Non-cash investing activities: 

       Private warrants from Conduit Pharmaceuticals 
       
      $
      642,600

      $
      —

       Non-cash financing activities: 

       Unpaid building and tenant improvements 
       
      $
      207,847

      $
      295,567

       Dividends payable - Preferred Stock Series D 
       
      $
      194,784

      $
      174,011

See Notes to Consolidated Financial Statements

      F-7

Presidio Property Trust, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

   1. ORGANIZATION AND BASIS OF PRESENTATION
    
   Organization. Presidio Property Trust, Inc. (“we”, “our”, “us” or the “Company”) is an internally