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v3.24.1.u1

Consolidated Statements of Operations (unaudited) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Revenue |  |
Total Revenue | $ 7,632,600 | $ 5,432,462
Expenses |  |
General and administrative expense | 1,734,134 | 1,647,987
Building expenses | 1,699,200 | 1,208,192
Depreciation and amortization | 3,538,569 | 2,110,975
Interest expense, net | 2,744,406 | 1,620,237
Compensation costs | 1,372,539 | 1,310,796
Total expenses | 11,088,848 | 7,898,187
Operating loss | (3,456,248) | (2,465,725)
Other expense | (506,639) |
Income on investment in tenancy-in-common | 32,773 | 37,298
Loss on derivative valuation, net | (401,782) |
Dead deal expense | (109,569) | (174,722)
Loss on debt extinguishment | 0 | (144,029)
Net Loss | (4,441,465) | (2,747,178)
Less: Net income attributable to non-controlling interests | 1,275,797 | 490,462
Net Loss attributable to Generation Income Properties, Inc. | (5,717,262) | (3,237,640)
Less: Preferred stock dividends | 475,000 | 0
Net loss attributable to common shareholders | $ (6,192,262) | $ (3,237,640)
Total Weighted Average Shares of Common Stock Outstanding – Basic | 2,520,437 | 2,313,112
Total Weighted Average Shares of Common Stock Outstanding - Diluted | 2,520,437 | 2,313,112
Basic Loss Per Share Attributable to Common Stockholders | $ (2.46) | $ (1.4)
Diluted Loss Per Share Attributable to Common Stockholders | $ (2.46) | $ (1.4)
Rental Income |  |
Revenue |  |
Total Revenue | $ 7,593,564 | $ 5,394,778
Other Income |  |
Revenue |  |
Total Revenue | $ 39,036 | $ 37,684

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