Company: GIPRW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000950170-25-072868
Chunk: 53

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 53
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     40,835

      Deferred rent liability
      
     335,675

     176,017

      Lease liability, net
      
     6,477,460

     6,464,901

      Loan payable - related party
      
     5,500,000

     5,500,000

      Mortgage loans, net of unamortized debt discount of $1,569,096 and $1,103,336 at March 31, 2025 and December 31, 2024, respectively, and debt issuance costs
      
     64,614,931

     58,340,234

      Derivative liabilities
      
     423,753

     169,685

      Total liabilities
      
     81,822,476

     73,710,451

      Redeemable Non-Controlling Interests
      
     31,402,450

     26,664,545

      Stockholders' Equity

     Common stock, $0.01 par value, 100,000,000 shares authorized; 5,443,188 shares issued and outstanding at March 31, 2025 and December 31, 2024.
      
     54,431

     54,431

      Additional paid-in capital
      
     29,019,047

     29,019,047

      Accumulated deficit
      
     (26,009,404
     )

     (23,277,545
     )

      Total Generation Income Properties, Inc. Stockholders' Equity
      
     3,064,074

     5,795,933

      Non-Controlling Interest
      
     392,861

     392,861

      Total equity
      
     3,456,935

     6,188,794

      Total Liabilities and Equity
     $
     116,681,861

     $
     106,563,790

The accompanying notes are an integral part of these unaudited consolidated financial statements.