Company: GIPRW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000950170-25-072868
Chunk: 0

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 0
---
5

     Generation Income Properties, Inc

     Consolidated Statements of Cash Flows

     (unaudited)

     Three Months Ended March 31,

     2025
      
     2024

     CASH FLOWS FROM OPERATING ACTIVITIES:

     Net loss
      
     $
     (1,797,460
     )
     $
     (1,879,096
     )

      Adjustments to reconcile net loss to cash provided by operating activities

     Depreciation of building and site improvements

     833,471

     748,654

     Amortization of acquired tenant improvements

     95,107

     80,623

     Amortization of in-place leases

     364,184

     397,328

     Amortization of above-market leases

     101,771

     101,771

     Amortization of below-market leases

     (41,626
     )
      
     (33,802
     )

     Amortization of above-market ground lease

     (183
     )
      
     (183
     )

     Amortization of debt issuance costs

     42,533

     47,780

     Restricted stock unit compensation

     -

     94,935

     Non-cash ground lease expense

     19,925

     20,486

     Dead deal expense

     27,894

     -

     Loss (gain) on derivative valuation, net

     293,499

     (380,550
     )

     Loss on held for sale asset valuation

     -

     1,058,994

     Changes in operating assets and liabilities

     Accounts receivable

     (157,444
     )
      
     (42,684
     )

     Escrow and other assets

     176,178

     (63,342
     )

     Deferred rent asset

     (41,507
     )
      
     739,913

     Prepaid expenses

     (320,763
     )
      
     (333,439
     )

     Prepaid guaranty fees - related party

     -

     (96,360
     )

     Accounts payable

     470,340

     (354,871
     )

     Accrued expenses

     365,389

     (1,553
     )

     Accrued expenses - related