Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1145

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1145
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5 million.  This resulted in net loss on investment for the year ended December 31, 2023 totaling approximal $23.4 million.

During October 2024, the Company paid part of an accrued bonus to the former CFO with shares of CDT common stock.  The total number of CDT common stock shares transferred to our former CFO was 1,045,805 shares at $0.1087 per share with a fair market value of $113,679 at the time of transfer.  After the transfer the Company still owned 2,944,514 shares of CDT common stock, 709,000 CDTTW warrants and 540,000 private warrants.  Since December 31, 2024, CDT has affected a 1-for-100 reverse stock split of the CDT common stock, resulting in our 2,944,514 shares being converted into 29,445 shares.

Geographic Diversification Tables

The following table shows a list of commercial properties owned by the Company grouped by state and geographic region as of December 31, 2024:

      State 
      
      No. of Properties 

      Aggregate Square Feet 

      Approximate % of Square Feet 

      Current Base Annual Rent 

      Approximate % of Aggregate Annual Rent 

      California 

     1

     57,807

     7.0
     %
      
     $
     1,542,066

     12.9
     %

      Colorado 

     5

     324,245

     39.4
     %

     5,766,166

     48.2
     %

      Maryland 

     1

     31,752

     3.9
     %

     724,453

     6.1
     %

      North Dakota 

     4

     399,113

     48.4
     %

     3,565,621

     29.9
     %

      Texas 

     1

     10,500

     1.3
     %

     342,692

     2.9
     %

      Total 

     12

     823,417

     100.0
     %
      
     $
     11,940,998

     100.0
     %

      58

The following table shows a list of our Model Home Properties by geographic