Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 176

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 176
---
    3,538,569

    Amortization of debt issuance costs
     
    202,621

    146,745

    Above and below-market lease amortization, net
     
    262,711

    (2,873
    )

    Straight line rent, net
     
    (27,766
    )
     
    64,572

    Adjustments to net loss
    $
    4,830,196
     
    $
    4,655,434

    Adjusted Funds From Operations
    $
    (42,692
    )
    $
    213,969

    Dead deal expense
    $
    35,873
     
    $
    109,569

    Non-cash stock compensation
     
    379,739

    382,002

    Adjustments to Adjusted Funds From Operations
    $
    415,612
     
    $
    491,571

    Core Adjusted Funds From Operations
    $
    372,920
     
    $
    705,540

Jumpstart Our Business Startups Act (“JOBS Act”)

In April 2012, the Jumpstart Our Business Startups Act (“JOBS Act”) was enacted into law. The JOBS Act provides, among other things, exemptions for emerging growth companies from certain financial disclosure and governance requirements for up to five years.

In general, under the JOBS Act a company is an emerging growth company if its initial public offering (“IPO”) of common equity securities was effected after December 8, 2011 and meets certain qualification criteria. We currently qualify as an emerging growth company, but will no longer qualify after the earliest of:

•the last day of the fiscal year during which we have annual total gross revenues of $1.235 billion or more;

•the last day of the fiscal year following the fifth anniversary of the first sale of our common equity securities in an offering registered under the Securities Act, which for us is September 2026;

•the date on which we issue more than $1 billion in non-convertible debt securities during a previous three-year period; or

•the date on which we become a large accelerated filer, which generally is a company with a public float of at least $700 million (Exchange Act Rule 12b-2).

As an emerging growth company, we are eligible to not obtain an auditor attestation on our internal