v3.23.2
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Revenue $ 1,328,878 $ 1,379,103 $ 2,665,917 $ 2,561,038
Expenses        
General, administrative and organizational costs 358,989 472,736 703,136 814,416
Building expenses 320,255 325,201 633,855 578,592
Depreciation and amortization 558,001 558,676 1,115,551 989,569
Interest expense, net 466,751 375,627 935,961 705,921
Compensation costs 282,719 310,698 634,006 590,440
Total expenses 1,986,715 2,042,938 4,022,509 3,678,938
Operating loss (657,837) (663,835) (1,356,592) (1,117,900)
Other expense 0 0 (506,000) 0
Income on investment in tenancy-in-common 15,009 (1,462) 29,411 7,090
Dead deal expense (109,569) (107,371) (109,569) (107,371)
Loss on debt extinguishment 0 (144,029) 0 (144,029)
Net loss (752,397) (916,697) (1,942,750) (1,362,210)
Less: Net income attributable to non-controlling interest 129,065 130,181 256,279 260,144
Net income (loss) attributable to Generation Income Properties, Inc. $ (881,462) $ (1,046,878) $ (2,199,029) $ (1,622,354)
Total Weighted Average Shares of Common Stock Outstanding – Basic 2,615,471 2,255,441 2,578,678 2,224,419
Total Weighted Average Shares of Common Stock Outstanding – Diluted 2,615,471 2,255,441 2,578,678 2,224,419
Basic Income Per Share Attributable to Common Stockholders $ (0.34) $ (0.46) $ (0.85) $ (0.73)
Diluted Income Per Share Attributable to Common Stockholders $ (0.34) $ (0.46) $ (0.85) $ (0.73)
Rental Income        
Revenue        
Revenue $ 1,318,750 $ 1,378,562 $ 2,645,457 $ 2,560,497
Other Incomes        
Revenue        
Revenue $ 10,128 $ 541 $ 20,460 $ 541

Source