Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 197

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 197
---
,000

    17,100,000

    Redemption of redeemable non-controlling interests

    -

    (4,579,299
    )

    Proceeds from issuance on loan payable - related party

    -

    4,000,000

    Repayment of other payable - related party

    (1,809,840
    )
     
    (777,460
    )

    Mortgage loan borrowings

    2,217,350

    21,000,000

    Mortgage loan repayments

    (897,047
    )
     
    (886,927
    )

    Equity issuance costs

    (282,650
    )
     
    (362,384
    )

    Debt issuance costs

    -

    (371,959
    )

    Insurance financing borrowings

    400,889

    368,939

    Insurance financing repayments

    (395,021
    )
     
    (380,341
    )

    Distribution on non-controlling interests

    (1,217,747
    )
     
    (812,710
    )

    Dividends paid on preferred stock

    (190,000
    )
     
    (380,000
    )

    Dividends paid on common stock

    (1,159,481
    )
     
    (1,216,280
    )

    Net cash provided by financing activities

    2,246,453

    32,701,579

    Net (decrease) increase in cash and cash equivalents

    (2,504,507
    )
     
    (601,050
    )

    Cash and cash equivalents and restricted cash - beginning of period

    3,151,946

    3,752,996

    Cash and cash equivalents and restricted cash - end of period
     
    $
    647,439
     
    $
    3,151,946

    CASH TRANSACTIONS

    Interest paid
     
    $
    4,002,922
     
    $
    2,445,585

    NON-CASH TRANSACTIONS

    Accrual of preferred stock dividend

    -

    95,000

    Assumption of loan in connection with purchase of remaining tenancy-in-common interest
     
    $
    -

    1,695,573

    Conversion of