v3.25.2
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 2,432,270 $ 2,259,235 $ 4,813,865 $ 4,692,408
Expenses        
General and administrative expense 552,893 604,656 1,058,271 1,054,453
Building expenses 703,118 683,627 1,339,343 1,338,294
Depreciation and amortization 1,264,581 1,180,232 2,557,342 2,406,837
Interest expense, net 2,084,751 1,023,140 3,267,018 2,043,881
Compensation costs 199,942 238,191 440,687 520,206
Total expenses 4,805,285 3,729,846 8,662,661 7,363,671
Operating loss (2,373,015) (1,470,611) (3,848,796) (2,671,263)
Other expense 0 0 (286) 0
(Loss) gain on derivative valuation (122,326) 44,996 (415,825) 425,546
Dead deal expense 0 (35,873) (27,894) (35,873)
Loss on held for sale asset valuation 0 0 0 (1,058,994)
Loss on extinguishment of debt (926,398) 0 (926,398) 0
Loss on sale of property (44,782) 0 (44,782) 0
Net loss (3,466,521) (1,461,488) (5,263,981) (3,340,584)
Less: Net income attributable to non-controlling interest 956,107 800,234 1,890,506 1,746,358
Net loss attributable to Generation Income Properties, Inc. (4,422,628) (2,261,722) (7,154,487) (5,086,942)
Less: Preferred stock dividends 0 0 0 95,000
Net loss attributable to common shareholders $ (4,422,628) $ (2,261,722) $ (7,154,487) $ (5,181,942)
Total Weighted Average Shares of Common Stock Outstanding – Basic 5,443,188 5,433,833 5,443,188 4,923,004
Total Weighted Average Shares of Common Stock Outstanding – Diluted 5,443,188 5,433,833 5,443,188 4,923,004
Basic Loss Per Share Attributable to Common Stockholders $ (0.81) $ (0.42) $ (1.31) $ (1.05)
Diluted Loss Per Share Attributable to Common Stockholders $ (0.81) $ (0.42) $ (1.31) $ (1.05)
Rental Income        
Revenue        
Total revenue $ 2,421,905 $ 2,248,382 $ 4,793,202 $ 4,523,112
Other Incomes        
Revenue        
Total revenue $ 10,365 $ 10,853 $ 20,663 $ 169,296

Source