Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 96

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 96
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    233,311

    Accrued expenses

    534,746

    227,522

    Accrued expenses - related party

    -

    554,446

    Lease liability

    49,860

    58,753

    Deferred rent liability

    (84,925
    )
     
    9,144

    Net cash provided by operating activities

    1,022,362

    12,345

    CASH FLOWS FROM INVESTING ACTIVITIES:

    Purchase of land, buildings, other tangible and intangible assets

    (5,773,323
    )
     
    (31,956,583
    )

    Purchase of remaining tenancy-in-common interest

    -

    (1,358,391
    )

    Net cash used in investing activities

    (5,773,323
    )
     
    (33,314,974
    )

    CASH FLOWS FROM FINANCING ACTIVITIES:

    Proceeds from issuance of redeemable non-controlling interests

    5,580,000

    17,100,000

    Redemption of redeemable non-controlling interests

    -

    (4,579,299
    )

    Proceeds from issuance on loan payable - related party

    -

    4,000,000

    Repayment of other payable - related party

    (1,809,840
    )
     
    (777,460
    )

    Mortgage loan borrowings

    2,217,350

    21,000,000

    Mortgage loan repayments

    (897,047
    )
     
    (886,927
    )

    Equity issuance costs

    (282,650
    )
     
    (362,384
    )

    Debt issuance costs

    -

    (371,959
    )

    Insurance financing borrowings

    400,889

    368,939

    Insurance financing repayments

    (395,021
    )
     
    (380,341
    )

    Distribution on non-controlling interests

    (1,217,747
    )
     
    (812,710
    )

    Dividends paid on preferred stock

    (190,000
    )
     
    (380,000
    )

    Dividends paid on common stock

    (