v3.24.1.1.u2
Consolidated Statements of Operations (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total revenue $ 2,433,173 $ 1,337,039
Expenses    
General and administrative expense 449,797 344,147
Building expenses 654,667 313,600
Depreciation and amortization 1,226,605 557,550
Interest expense, net 1,020,741 469,210
Compensation costs 282,015 351,287
Total expenses 3,633,825 2,035,794
Operating loss (1,200,652) (698,755)
Other expense 0 (506,000)
Gain on derivative valuation, net 380,550 0
Income on investment in tenancy-in-common 0 14,402
Loss on held for sale asset valuation (1,058,994) 0
Net loss (1,879,096) (1,190,353)
Less: Net income attributable to non-controlling interest 946,124 127,214
Net loss attributable to Generation Income Properties, Inc. (2,825,220) (1,317,567)
Less: Preferred stock dividends 95,000 0
Net loss attributable to common shareholders $ (2,920,220) $ (1,317,567)
Total Weighted Average Shares of Common Stock Outstanding – Basic 4,390,489 2,541,477
Total Weighted Average Shares of Common Stock Outstanding – Diluted 4,390,489 2,541,477
Basic Loss Per Share Attributable to Common Stockholders $ (0.67) $ (0.52)
Diluted Loss Per Share Attributable to Common Stockholders $ (0.67) $ (0.52)
Rental Income    
Revenue    
Total revenue $ 2,274,730 $ 1,326,707
Other Incomes    
Revenue    
Total revenue $ 158,443 $ 10,332

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