Company: GIPRW
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0000950170-25-109457
Chunk: 0

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 0
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 payable

     306,409

     40,835

      Deferred rent liability

     178,953

     176,017

      Lease liability, net

     6,490,164

     6,464,901

      Loan payable - related party

     7,574,870

     5,500,000

      Mortgage loans, net of unamortized debt discount of $1,261,954 and $1,103,336 at June 30, 2025 and December 31, 2024, respectively, and debt issuance costs

     54,787,093

     58,340,234

      Derivative liabilities

     531,927

     169,685

      Total liabilities
      
     $
      
     73,996,772
      
     $
      
     73,710,451

      Redeemable Non-Controlling Interests

     31,931,200

     26,664,545

      Stockholders' (Deficit) Equity

     Common stock, $0.01 par value, 100,000,000 shares authorized; 5,443,188 shares issued and outstanding at June 30, 2025 and December 31, 2024.

     54,431

     54,431

      Additional paid-in capital

     29,019,047

     29,019,047

      Accumulated deficit

     (30,432,033
     )

     (23,277,545
     )

      Total Generation Income Properties, Inc. Stockholders' (Deficit) Equity
      
     $
      
     (1,358,555
     )
     $
      
     5,795,933

      Non-Controlling Interest
      
     $
      
     392,861
      
     $
      
     392,861

      Total equity
      
     $
      
     (965,694
     )
     $
      
     6,188,794

      Total Liabilities and Equity
      
     $
      
     104,962,278
      
     $
      
     106,563,790

The accompanying notes are an integral part of these unaudited consolidated