v3.22.2.2
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Revenue $ 1,474,085 $ 1,033,494 $ 4,035,123 $ 2,958,572
Expenses        
General, administrative and organizational costs 408,570 181,746 1,222,986 621,987
Building expenses 269,781 195,464 848,373 539,739
Depreciation and amortization 561,510 388,141 1,551,079 1,164,838
Interest expense, net 382,440 336,025 1,088,361 1,028,446
Compensation costs 334,992 204,218 925,432 515,030
Total expenses 1,957,293 1,305,594 5,636,231 3,870,040
Operating loss (483,208) (272,100) (1,601,108) (911,468)
Income on investment in tenancy-in-common 16,751 4,750 23,841 4,750
Gain on sale of property 0 923,178 0 923,178
Dead deal expense (45,660) 0 (153,031) 0
Loss on debt extinguishment (0) 0 (144,029) 0
Net loss (512,117) 655,828 (1,874,327) 16,460
Less: Net income attributable to non-controlling interest 126,803 200,277 386,947 398,781
Net income (loss) attributable to Generation Income Properties, Inc. $ (638,920) $ 455,551 $ (2,261,274) $ (382,321)
Total Weighted Average Shares of Common Stock Outstanding – Basic 2,304,841 939,559 2,251,522 699,395
Total Weighted Average Shares of Common Stock Outstanding – Diluted 2,304,841 939,559 2,251,522 699,395
Basic Income Per Share Attributable to Common Stockholders $ (0.28) $ 0.48 $ (1.00) $ (0.55)
Diluted Income Per Share Attributable to Common Stockholders $ (0.28) $ 0.48 $ (1.00) $ (0.55)
Rental Income        
Revenue        
Revenue $ 1,473,789 $ 988,244 $ 4,034,286 $ 2,913,322
Other Incomes        
Revenue        
Revenue $ 296 $ 45,250 $ 837 $ 45,250

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