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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Investment in real estate    
Property $ 36,621,767 $ 37,352,447
Tenant improvements 482,701 482,701
Acquired lease intangible assets 2,949,411 3,014,149
Less accumulated depreciation and amortization (3,168,841) (2,317,454)
Total investments 36,885,038 38,531,843
Investment in tenancy-in-common 717,337  
Cash and cash equivalents 14,194,639 937,564
Restricted cash 34,500 184,800
Deferred rent asset 145,428 126,655
Prepaid expenses 220,652 134,165
Deferred financing costs   614,088
Accounts receivable 105,108 75,794
Escrow deposit and other assets 106,106 75,831
Total Assets 52,408,808 40,680,740
Liabilities    
Accounts payable 156,638 118,462
Accounts payable - related party 100  
Accrued expenses 278,581 406,125
Acquired lease intangible liability, net 608,697 415,648
Insurance payable 99,096 40,869
Deferred rent liability 185,805 188,595
Note Payable - related party   1,100,000
Mortgage loans, net of unamortized discount of $633,647 and $689,190 at September 30, 2021 and December 31, 2020, respectively 26,765,781 28,356,571
Total liabilities 28,094,698 30,626,270
Redeemable Non-Controlling Interests 9,605,028 8,684,431
Stockholders' Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 2,272,700 shares issued and 2,160,200 outstanding at September 30, 2021 and 576,918 issued and outstanding at December 31, 2020 22,727 5,770
Treasury shares, at cost (100)  
Additional paid-in capital 19,256,827 5,541,411
Accumulated deficit (4,570,372) (4,177,142)
Total Generation Income Properties, Inc. stockholders' equity 14,709,082 1,370,039
Total Liabilities and Stockholders' Equity $ 52,408,808 $ 40,680,740