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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Total revenue $ 1,033,494 $ 871,825 $ 2,958,572 $ 2,630,067
Expenses        
General, administrative and organizational costs 268,632 267,608 808,623 689,660
Building expenses 195,464 179,319 539,739 534,947
Depreciation and amortization 388,141 363,898 1,164,838 1,083,917
Interest expense, net 336,025 334,323 1,028,446 1,060,776
Compensation costs 117,332 129,880 328,394 257,882
Total expenses 1,305,594 1,275,028 3,870,040 3,627,182
Operating loss (272,100) (403,203) (911,468) (997,115)
Income on investment in tenancy-in-common 4,750   4,750  
Gain on disposal of property 923,178   923,178  
Net income (loss) 655,828 (403,203) 16,460 (997,115)
Less: Net income attributable to non-controlling interest 199,716 152,023 409,690 334,718
Net Income (loss) attributable to Generation Income Properties, Inc. $ 456,112 $ (555,226) $ (393,230) $ (1,331,833)
Total Weighted Average Shares of Common Stock Outstanding – Basic 939,559 525,495 699,395 525,332
Total Weighted Average Shares of Common Stock Outstanding – Diluted 939,559 525,495 699,395 525,332
Basic Income (Loss) Per Share Attributable to Common Stockholder $ 0.49 $ (1.06) $ (0.56) $ (2.54)
Diluted Income (Loss) Per Share Attributable to Common Stockholder $ 0.49 $ (1.06) $ (0.56) $ (2.54)
Rental Income        
Revenue        
Total revenue $ 988,244 $ 871,825 $ 2,913,322 $ 2,630,067
Other Income        
Revenue        
Total revenue $ 45,250   $ 45,250