Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 365

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 365
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,964  $51,456,292 
 Retail Properties:         
 Land, buildings and improvements, net (1)  $15,743,789  $15,877,190 
 Total assets (2)  $16,673,605  $16,539,399 
 Reconciliation to Total Assets:         
 Total assets for reportable segments  $131,133,231  $146,136,063 
 Corporate and other assets:         
 Cash, cash equivalents and restricted cash   564,922   277,143 
 Other assets, net   10,871,497   29,549,432 
 Total Assets  $142,569,650  $175,962,638 

    (1)  Includes lease intangibles and the land purchase option related to property acquisitions. 

    (2)  Includes land, buildings and improvements, cash, cash equivalents, and restricted cash, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. 

       For the Year Ended December 31,  
 Capital Expenditures by Reportable Segment   2024    2023  
 Office/Industrial Properties:         
 Capital expenditures and tenant improvements, office  $2,044,704  $6,217,027 
 Model Home Properties:         
 Acquisition of operating properties, model home   9,729,351   21,909,963 
 Retail Properties:         
 Capital expenditures and tenant improvements, retail   217,121   150,522 
 Totals:         
 Acquisition of operating properties, net   9,729,351   21,909,963 
 Capital expenditures and tenant improvements   2,261,825   6,367,549 
 Total real estate investments  $11,991,176  $28,277,512 

   14. INCOME TAX PROVISION
    
   The Company accounts for income taxes under the asset and liability method under which it recognizes deferred income taxes, net of valuation allowances, if any, for the estimated future tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and its tax bases and net operating loss and tax credit carryforwards.  The Company  may, from time to time, be assessed interest or