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Nature of Operations
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations

Note 1 – Nature of Operations

Generation Income Properties, Inc. (the “Company”) was formed as a Maryland corporation in September 2015. The Company is an internally managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in major markets throughout the United States.

The Company formed Generation Income Properties L.P. (the “Operating Partnership”) in October 2015. Substantially all of the Company’s assets are held by, and operations are conducted through the Operating Partnership. The Company is the general partner of the Operating Partnership and as of December 31, 2025 owned 99.6% of the outstanding common units of the Operating Partnership. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns 0.001% of the Operating Partnership.

 

The Company places each property in a separate entity which may have a Redeemable Non-Controlling interest as a member.

 

As of December 31, 2025 and 2024, the Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis owned 25 and 27 properties, respectively.

Restatement

Subsequent to the issuance of the Company’s financial statements for the year ended December 31, 2025, management determined that the incorrect audit report was included with the Company’s Consolidated Financial Statements and identified an omission in the disclosure related to the Company’s ability to continue as a going concern.

The result of the inclusion of the incorrect audit report and the disclosure omission did not affect previously reported net loss, total equity, cash flows, or total assets and liabilities.

 

Management evaluated the materiality of the inclusion of the incorrect audit report and the disclosure omission in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 250, Accounting Changes and Error Corrections, and concluded that it was material to the previously issued Consolidated Financial Statements for the year ended December 31, 2025. Accordingly, the accompanying Consolidated Financial Statements have been restated to correct the inclusion of the incorrect audit report and the disclosure omission.

Management’s Liquidity Plans

 

In accordance with FASB Accounting Standards Codification ("ASC") 205, Presentation of Financial Statements, management is required to assess a company's ability to continue as going concern within one year from financial statement issuance and to provide related footnote disclosures in certain circumstances. The accompanying Consolidated Financial Statements are prepared assuming the Company will continue as a going concern. This presentation contemplates the realization of assets and the satisfaction of liabilities in the normal course of business and does not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of the uncertainties described below.

For the twelve months ended December 31, 2025, the Company generated positive operating cash flows of $929,474 and had cash on hand of $6,198,816 as of December 31, 2025. As a result of our recurring losses, our projected cash requirement to cover operating needs, and our current liquidity, management's plans have comprised refinancing and extending terms for preferred equity and loans, optimizing portfolio assets, and potentially divesting where property performance has not met management objectives or where market conditions provide favorable opportunities. Management has concluded that substantial doubt exists with respect to the Company's ability to continue as a going concern within one year after the date these consolidated financial statements were issued.