Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 95

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 95
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    -

    26,664,545

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

 54

Generation Income Properties, Inc. Consolidated Statements of Cash Flows

 55

    Twelve Months Ended December 31,

    2024
     
    2023

    CASH FLOWS FROM OPERATING ACTIVITIES:

    Net loss
     
    $
    (4,872,888
    )
    $
    (4,441,465
    )

     Adjustments to reconcile net loss to cash from operating activities

    Depreciation of building and site improvements

    2,942,893

    2,168,146

    Amortization of acquired tenant improvements

    345,658

    188,586

    Amortization of in-place leases

    1,476,650

    1,181,837

    Amortization of above market leases

    407,083

    169,784

    Amortization of below market leases

    (143,641
    )
     
    (171,925
    )

    Amortization of above market ground lease

    (731
    )
     
    (732
    )

    Amortization of debt issuance costs

    202,621

    146,745

    Restricted stock unit compensation

    379,739

    382,002

    Non-cash ground lease expense

    84,216

    80,488

    Income on investment in tenancy-in-common

    -

    (32,773
    )

    Dead deal expense

    35,873

    109,569

    (Loss) gain on derivative valuation, net

    (372,573
    )
     
    401,782

    Loss on held for sale asset valuation

    77,244

    -

     Changes in operating assets and liabilities

    Accounts receivable

    193,048

    (145,103
    )

    Escrow and other assets

    (734,895
    )
     
    (173,510
    )

    Deferred rent asset

    774,354

    (817,394
    )

    Prepaid expenses

    (36,460
    )
     
    (116,868
    )

    Accounts payable

    (235,510
    )