Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 92

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 92
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 Accrued expenses
     
    1,127,896

    688,146

     Accrued expense - related party
     
    683,347

    683,347

     Acquired lease intangible liabilities, net
     
    1,036,274

    1,016,260

     Insurance payable
     
    40,835

    34,966

     Deferred rent liability
     
    176,017

    260,942

     Lease liability, net
     
    6,464,901

    6,415,041

     Other payable - related party
     
    -

    1,809,840

     Loan payable - related party
     
    5,500,000

    5,500,000

     Mortgage loans, net of unamortized debt discount of $1,103,336 and $1,326,362 at December 31, 2024 and December 31, 2023, respectively, and debt issuance costs
     
    58,340,234

    56,817,310

     Derivative liabilities
     
    169,685

    537,424

     Total liabilities
     
    73,710,451

    74,170,048

     Redeemable Non-Controlling Interests
     
    26,664,545

    18,812,423

     Preferred Stock - Series A Redeemable Preferred stock, net,

     $0.01 par value, 2,400,000 shares authorized, no shares issued or outstanding as of December 31, 2024 and 2,400,000 shares issued and outstanding at December 31, 2023 with liquidation preferences of $5 per share
     
    -

    11,637,616

     Stockholders' Equity

     Common stock, $0.01 par value, 100,000,000 shares authorized; 5,443,188 and 2,620,707 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively
     
    54,431

    26,207

     Additional paid