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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Management income $ 427,000 $ 663,000 $ 427,000 $ 1,004,000
Total revenues 7,405,000 3,818,000 13,785,000 7,529,000
Operating expenses        
Property taxes 1,844,000 1,173,000 3,680,000 2,302,000
Property operating expense 731,000 274,000 1,568,000 556,000
General and administrative 1,882,000 1,428,000 3,388,000 2,860,000
Professional fees, net of reimbursement of insurance proceeds 532,000 56,000 1,562,000 1,830,000
Organizational and offering costs 1,567,000 0 2,525,000 0
Depreciation and amortization 2,021,000 1,258,000 3,988,000 2,516,000
Total operating expenses 8,577,000 4,189,000 16,711,000 10,064,000
Other income (expense)        
Interest expense (3,168,000) (2,092,000) (5,707,000) (4,296,000)
PPP loan forgiveness 328,000 348,000 328,000 348,000
Other Income 15,000 0 30,000 0
Total other income (expense) (2,825,000) (1,744,000) (5,349,000) (3,948,000)
Net income (loss) (3,997,000) (2,115,000) (8,275,000) (6,483,000)
Less net loss attributable to non-controlling interest (2,311,000) (10,000) (4,783,000) (10,000)
Net loss attributable to Mobile Infrastructure Corporation’s stockholders (1,686,000) (2,105,000) (3,492,000) (6,473,000)
Net loss attributable to Mobile Infrastructure Corporation’s common stockholders $ (2,436,000) $ (2,855,000) $ (4,992,000) $ (7,973,000)
Basic and diluted loss per weighted average common share:        
Net loss per share attributable to Mobile Infrastructure Corporation’s common stockholders - basic and diluted (in dollars per share) $ (0.31) $ (0.37) $ (0.64) $ (1.03)
Weighted average common shares outstanding, basic and diluted (in shares) 7,762,375 7,739,952 7,762,375 7,735,888
Series A Preferred Stock [Member]        
Other income (expense)        
Preferred stock distributions declared $ (54,000) $ (54,000) $ (108,000) $ (108,000)
Series1 Preferred Stock [Member]        
Other income (expense)        
Preferred stock distributions declared (696,000) (696,000) (1,392,000) (1,392,000)
Base Rent Income [Member]        
Revenues        
Rent income 2,122,000 3,062,000 4,173,000 6,285,000
Percentage Rent Income [Member]        
Revenues        
Rent income $ 4,856,000 $ 93,000 $ 9,185,000 $ 240,000