Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 195

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 195
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7,593,564

    Other income
     
    251,845

    39,036

    Total revenue
     
    9,762,636

    7,632,600

    Expenses

    General and administrative expense
     
    2,109,271

    1,734,134

    Building expenses
     
    2,673,624

    1,699,200

    Depreciation and amortization
     
    4,765,203

    3,538,569

    Interest expense, net
     
    4,286,546

    2,744,406

    Compensation costs
     
    1,060,336

    1,372,539

    Total expenses
     
    14,894,980

    11,088,848

    Operating loss
     
    (5,132,344
    )
     
    (3,456,248
    )

    Other expense
     
    -

    (506,639
    )

    Gain on derivative valuation
     
    372,573

    (401,782
    )

    Income on investment in tenancy-in-common
     
    -

    32,773

    Dead deal expense
     
    (35,873
    )
     
    (109,569
    )

    Loss on held for sale asset valuation
     
    (77,244
    )
     
    -

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

    Less: Net income attributable to non-controlling interests
     
    3,476,599

    1,275,797

    Net loss attributable to Generation Income Properties, Inc.
     
    (8,349,487
    )
     
    (5,717,262
    )

    Less: Preferred stock dividends
     
    95,000

    475,000

    Net loss attributable to common shareholders
     
    (8,444,487
    )
     
    (6,192,262
    )

    Total Weighted Average Shares of Common Stock Outstanding – Basic & Diluted
     
    5,163,956

    2,520,437

    Basic & Diluted Loss Per Share At