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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments in real estate    
Land and improvements $ 161,291 $ 166,225
Buildings and improvements 260,966 272,605
Construction in progress 273 1,206
Intangible assets 10,187 10,106
Total investments in real estate, net 432,717 450,142
Accumulated depreciation and amortization (29,838) (31,052)
Total investments in real estate, net 402,879 419,090
Cash 11,134 5,758
Cash – restricted 5,577 5,216
Accounts receivable, net 2,269 1,849
Other assets, net 1,378 1,262
Deferred offering costs 2,086
Assets held for sale 696
Total assets 423,237 436,113
Liabilities    
Notes payable, net 134,380 146,948
Revolving credit facility, net 58,523 72,731
Accounts payable and accrued expenses 14,666 19,484
Accrued preferred distributions 10,464 8,504
Earn-out Liability 1,779
Liabilities held for sale 968
Total liabilities 220,282 249,105
Mobile Infrastructure Corporation Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 27,858,539 and 13,089,848 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively 2
Warrants issued and outstanding – 2,553,192 warrants as of December 31, 2023 and December 31, 2022 3,319 3,319
Additional paid-in capital 240,357 193,176
Accumulated deficit (134,291) (109,168)
Total Mobile Infrastructure Corporation Stockholders’ Equity 109,387 87,327
Non-controlling interest 93,568 99,681
Total equity 202,955 187,008
Total liabilities and equity 423,237 436,113
Series A Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock
Series 1 Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock
Series 2 Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock
Related Party [Member]    
Investments in real estate    
Due from related parties 156
Liabilities    
Due to related parties $ 470 $ 470