Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 93

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 93
---
-in capital
     
    29,019,047

    18,472,049

     Accumulated deficit
     
    (23,277,545
    )
     
    (14,833,058
    )

     Total Generation Income Properties, Inc. Stockholders' Equity
     
    5,795,933

    3,665,198

     Non-Controlling Interest
     
    392,861

    406,131

     Total equity
     
    6,188,794

    4,071,329

     Total Liabilities and Equity
    $
    106,563,790
     
    $
    108,691,416

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

 52

Generation Income Properties, Inc. Consolidated Statements of Operations

    Period ended December 31 and  December 31,

    2024
     
    2023

    Revenue

    Rental income
    $
    9,510,791
     
    $
    7,593,564

    Other income
     
    251,845

    39,036

    Total revenue
     
    9,762,636

    7,632,600

    Expenses

    General and administrative expense
     
    2,109,271

    1,734,134

    Building expenses
     
    2,673,624

    1,699,200

    Depreciation and amortization
     
    4,765,203

    3,538,569

    Interest expense, net
     
    4,286,546

    2,744,406

    Compensation costs
     
    1,060,336

    1,372,539

    Total expenses
     
    14,894,980

    11,088,848

    Operating loss
     
    (5,132,344
    )
     
    (3,456,248
    )

    Other expense
     
    -

    (506,639
    )

    Gain on derivative valuation
     
    372,573

    (401,782
    )

    Income on investment in tenancy-in-common
     
    -

    32,773

    Dead