Attached files
| file | filename |
|---|---|
| EX-99.3 - EXHIBIT 99.3 - Gyrodyne, LLC | ex_117190.htm |
| EX-99.1 - EXHIBIT 99.1 - Gyrodyne, LLC | ex_117187.htm |
| 8-K - FORM 8-K - Gyrodyne, LLC | gyrllc20180629b_8k.htm |
Exhibit 99.2
Non-GAAP Financial Measures Reconciliation
|
Gyrodyne, LLC |
|
|
Reconciliation of Financial Information to the Remeasurement of Assets and Liabilities |
|
Remeasurement of Assets and Liabilities |
|||||
| Assets: | |||||
|
Estimated net inflows from investment of real estate |
$ | 2,075,313 |
(c) |
||
| Liabilities: | |||||
|
Property operating costs |
(1,720,988 | ) |
(c) |
||
|
Capital expenditures excluding land entitlement costs and land purchases |
(1,529,693 | ) |
(a) |
||
|
Land entitlement costs and land purchases |
(876,314 | ) |
(b) |
||
|
Corporate expenditures |
(1,843,289 | ) |
(c) |
||
|
Selling costs on real estate assets |
(328,855 | ) |
(a) |
||
|
Retention bonus payments to directors |
(380,470 | ) |
(a) |
||
|
Retention bonus payments to executives and other employees |
(204,869 | ) |
(a) |
||
|
Less prepaid expenses and other assets |
- | ||||
| Liability for estimated costs in excess of estimated receipts during liquidation | $ | (4,809,165 | ) | ||
|
(a) Costs directly attributable to the increase in real estate value |
(2,443,887 | ) | |||
|
(b) Additional entitlement costs |
(876,314 | ) | |||
|
(c) Net operating cash |
(1,488,964 | ) | |||
|
Total |
(4,809,165 | ) | |||