XML 28 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income $ 5,879,526 $ 6,799,575 $ 12,665,211 $ 13,694,755
Fees and other income 241,878 321,412 485,344 605,496
Total revenue 6,121,404 7,120,987 13,150,555 14,300,251
Costs and expenses:        
Rental operating costs 1,999,834 2,526,002 4,380,926 5,289,552
General and administrative 1,278,971 1,419,668 2,630,316 3,180,371
Depreciation and amortization 1,622,230 1,749,113 3,196,756 3,959,194
Impairment of real estate assets 845,674 845,674
Total costs and expenses 5,746,709 5,694,783 11,053,672 12,429,117
Other income (expense):        
Interest expense-Series B preferred stock (627,273) (1,275,724)
Interest and other income (expense), net 8,400 4,409 1,405 9,933
Gain on sales of real estate, net 334,096 176,392 324,261 1,390,634
Income tax expense (51,369) (191,809) (135,000) (273,239)
Total other income (expense), net (1,982,229) (2,502,878) (4,636,536) (3,909,745)
Net loss (1,607,534) (1,076,674) (2,539,653) (2,038,611)
Less: Income attributable to noncontrolling interests (315,282) (182,924) (490,293) (949,379)
Net loss attributable to Presidio Property Trust, Inc. common stockholders $ (1,922,816) $ (1,259,598) $ (3,029,946) $ (2,987,990)
Basic and diluted loss per common share (in dollars per share) $ (0.22) $ (0.14) $ (0.34) $ (0.34)
Weighted average number of common shares outstanding - basic and diluted (in shares) 8,897,037 8,857,890 8,889,436 8,862,407
Mortgage Notes [Member]        
Other income (expense):        
Interest expense $ (1,477,628) $ (1,864,597) $ (3,165,404) $ (3,761,349)
Notes Payable [Member]        
Other income (expense):        
Interest expense $ (795,728) $ (1,661,798)