Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 181

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 181
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ization
     
    (12,462,091
    )
     
    (8,855,332
    )

    Net real estate investments
     
    91,362,786

    97,406,605

    Cash and cash equivalents
     
    612,939

    3,117,446

    Restricted cash
     
    34,500

    34,500

    Deferred rent asset
     
    331,837

    1,106,191

    Prepaid expenses
     
    140,528

    139,941

    Accounts receivable
     
    48,118

    241,166

    Escrow deposits and other assets
     
    1,233,123

    493,393

    Held for sale assets
     
    6,732,001

    -

    Right of use asset, net
     
    6,067,958

    6,152,174

    Total Assets
    $
    106,563,790
     
    $
    108,691,416

    Liabilities and Equity

    Liabilities

     Accounts payable
    $
    171,262
     
    $
    406,772

     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