Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 190

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 190
---
Index to Consolidated Financial Statements
    Page

    Report of Independent Registered Public Accounting Firm (PCAOB ID: 596)
    50

    Report of Independent Registered Public Accounting Firm (PCAOB ID: 206)
    51

    Consolidated Balance Sheets as of December 31, 2024 and 2023
    52

    Consolidated Statements of Operations for the years ended December 31, 2024 and 2023
    53

    Consolidated Statements of Changes in Equity, Redeemable Preferred Stock, and Redeemable Non-Controlling Interests for the years ended December 31, 2024 and 2023
    54

    Consolidated Statements of Cash Flows for the years December 31, 2024 and 2023
    55

    Notes to the Consolidated Financial Statements
    58

 49

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors of 

Generation Income Properties, Inc.   

Opinion on the Financial Statements   We have audited the accompanying consolidated balance sheet of Generation Income Properties, Inc. and subsidiaries (the “Company”) as of December 31, 2024, and the related consolidated statements of operations, changes in equity, redeemed preferred stock, and redeemable non-controlling interests, and cash flows for the year then ended, and the related notes to the consolidated financial statements (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.  

Basis for Opinion  

These financial statements are the responsibility of the entity’s management. Our responsibility is to express an opinion on the entity’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (the "PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.   

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error