Company: SQFTP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001437749-25-010185
Chunk: 1308

Company: Presidio Property Trust, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1308
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 stock shares are considered anti-dilutive and thus are excluded from the calculation. Securities that are excluded from the calculation of weighted average dilutive common stock, because their inclusion would have been antidilutive, are:

       For the Year Ended December 31,  
   2024    2023  
         
 Common Stock Warrants   2,000,000   2,000,000 
 Placement Agent Warrants   80,000   80,000 
 Series A Warrants   14,450,069   14,450,069 
 Unvested Common Stock Grants   1,170,805   760,995 
         
 Total potentially dilutive shares   17,700,874   17,291,064 

        F-
       15

   Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is similar to the computation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net earnings per share.  For the year ended  December 31, 2024, the basic and diluted net loss per share was $2.25, since all potentially dilutive securities were determined to be anti-dilutive, and for the year ended  December 31, 2023 the basic and diluted net earnings per share are equivalent at $0.68 per share because the Company had incurred a net loss attributable to common stockholders causing any potentially dilutive securities to be anti-dilutive.
    
   Sales of Real Estate Assets.  Effective  January 1, 2018, we adopted the guidance of ASC 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”), which applies to sales or transfers