v3.24.2.u1
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 2,259,235 $ 1,328,878 $ 4,692,408 $ 2,665,917
Expenses        
General and administrative expense 604,656 358,989 1,054,453 703,136
Building expenses 683,627 320,255 1,338,294 633,855
Depreciation and amortization 1,180,232 558,001 2,406,837 1,115,551
Interest expense, net 1,023,140 466,751 2,043,881 935,961
Compensation costs 238,191 282,719 520,206 634,006
Total expenses 3,729,846 1,986,715 7,363,671 4,022,509
Operating loss (1,470,611) (657,837) (2,671,263) (1,356,592)
Other expense 0 0 0 (506,000)
Gain on derivative valuation, net 44,996 0 425,546 29,411
Income on investment in tenancy-in-common 0 15,009 0  
Dead deal expense (35,873) (109,569) (35,873) (109,569)
Loss on held for sale asset valuation 0 0 (1,058,994) 0
Net loss (1,461,488) (752,397) (3,340,584) (1,942,750)
Less: Net income attributable to non-controlling interest 800,234 129,065 1,746,358 256,279
Net loss attributable to Generation Income Properties, Inc. (2,261,722) (881,462) (5,086,942) (2,199,029)
Less: Preferred stock dividends 0 0 95,000 0
Net loss attributable to common shareholders $ (2,261,722) $ (881,462) $ (5,181,942) $ (2,199,029)
Total Weighted Average Shares of Common Stock Outstanding – Basic 5,433,833 2,615,471 4,923,004 2,578,678
Total Weighted Average Shares of Common Stock Outstanding – Diluted 5,433,833 2,615,471 4,923,004 2,578,678
Basic Loss Per Share Attributable to Common Stockholders $ (0.42) $ (0.34) $ (1.05) $ (0.85)
Diluted Loss Per Share Attributable to Common Stockholders $ (0.42) $ (0.34) $ (1.05) $ (0.85)
Rental Income        
Revenue        
Total revenue $ 2,248,382 $ 1,318,750 $ 4,523,112 $ 2,645,457
Other Incomes        
Revenue        
Total revenue $ 10,853 $ 10,128 $ 169,296 $ 20,460

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