XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental income $ 4,185,212 $ 5,433,303 $ 14,216,234 $ 18,098,514
Fees and other income 190,967 230,265 675,283 715,609
Total revenue 4,376,179 5,663,568 14,891,517 18,814,123
Costs and expenses:        
Rental operating costs 1,414,518 2,108,621 4,739,256 6,489,547
General and administrative 1,479,261 1,366,380 4,361,297 3,996,696
Depreciation and amortization 1,306,874 1,626,917 4,104,018 4,823,673
Impairment of real estate assets 0 0 300,000 845,674
Total costs and expenses 4,200,653 5,101,918 13,504,571 16,155,590
Other income (expense):        
Interest and other (expense), net (13,886) (12,270) (67,329) (10,865)
Gain on sales of real estate, net 627,322 332,714 2,060,336 656,975
Gain on extinguishment of government debt 0 0 10,000 0
Income tax expense (182,607) (122,602) (471,506) (257,602)
Total other expense, net (600,054) (1,946,118) (2,290,812) (6,582,654)
Net loss (424,528) (1,384,468) (903,866) (3,924,121)
Less: Income attributable to noncontrolling interests (427,303) (363,777) (1,759,608) (854,070)
Net loss attributable to Presidio Property Trust, Inc. stockholders (851,831) (1,748,245) (2,663,474) (4,778,191)
Less: Preferred Stock Series D dividends (539,056) 0 (634,892) 0
Net loss attributable to Presidio Property Trust, Inc. common stockholders $ (1,390,887) $ (1,748,245) $ (3,298,366) $ (4,778,191)
Net income (loss) per share attributable to Presidio Property Trust, Inc. common stockholders:        
Basic & Diluted (in dollars per share) $ (0.13) $ (0.20) $ (0.33) $ (0.54)
Weighted average number of common shares outstanding - basic & diluted (in shares) 10,833,847 8,922,525 9,955,046 8,900,547
Mortgage Notes [Member]        
Other income (expense):        
Interest expense $ (1,030,883) $ (1,439,771) $ (3,542,940) $ (4,605,175)
Notes Payable [Member]        
Other income (expense):        
Interest expense $ 0 $ (704,189) $ (279,373) $ (2,365,987)