Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 182

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 182
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, 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-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
     
    $