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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Revenue $ 1,379,103 $ 988,190 $ 2,561,038 $ 1,925,078
Expenses        
General, administrative and organizational costs 472,736 251,825 814,416 440,242
Building expenses 325,201 163,722 578,592 344,275
Depreciation and amortization 558,676 397,186 989,569 776,697
Interest expense, net 375,627 337,432 705,921 692,421
Compensation costs 310,698 155,690 590,440 310,811
Total expenses 2,042,938 1,305,855 3,678,938 2,564,446
Operating loss (663,835) (317,665) (1,117,900) (639,368)
Income (loss) on investment in tenancy-in-common (1,462) 0 7,090 0
Dead deal expense (107,371) 0 (107,371) 0
Loss on debt extinguishment (144,029) 0 (144,029) 0
Net loss (916,697) (317,665) (1,362,210) (639,368)
Less: Net income attributable to non-controlling interest 130,181 52,324 260,144 198,504
Net Loss attributable to Generation Income Properties, Inc. $ (1,046,878) $ (369,989) $ (1,622,354) $ (837,872)
Total Weighted Average Shares of Common Stock Outstanding – Basic 2,255,441 582,867 2,224,419 581,264
Total Weighted Average Shares of Common Stock Outstanding – Diluted 2,255,441 582,867 2,224,419 581,264
Basic Loss Per Share Attributable to Common Stockholders $ (0.46) $ (0.63) $ (0.73) $ (1.44)
Diluted Loss Per Share Attributable to Common Stockholders $ (0.46) $ (0.63) $ (0.73) $ (1.44)
Rental Income        
Revenue        
Revenue $ 1,378,562 $ 988,190 $ 2,560,497 $ 1,925,078
Other Incomes        
Revenue        
Revenue $ 541 $ 0 $ 541 $ 0