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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Investment in real estate    
Property $ 41,025,309 $ 37,352,447
Tenant improvements 482,701 482,701
Acquired lease intangible assets 3,304,014 3,014,149
Less accumulated depreciation and amortization (3,512,343) (2,317,454)
Total investments 41,299,681 38,531,843
Investment in tenancy-in-common 725,082  
Cash and cash equivalents 10,589,576 937,564
Restricted cash 34,500 184,800
Deferred rent asset 156,842 126,655
Prepaid expenses 237,592 134,165
Deferred financing costs   614,088
Accounts receivable 88,661 75,794
Escrow deposit and other assets 288,782 75,831
Total Assets 53,420,716 40,680,740
Liabilities    
Accounts payable 201,627 118,462
Accounts payable - related party 100  
Accrued expenses 134,816 406,125
Acquired lease intangible liability, net 577,388 415,648
Insurance payable 33,359 40,869
Deferred rent liability 228,938 188,595
Note Payable - related party   1,100,000
Mortgage loans, net of unamortized discount of $637,693 and $689,190 at December 31, 2021 and December 31, 2020, respectively 28,969,295 28,356,571
Total liabilities 30,145,523 30,626,270
Redeemable Non-Controlling Interests 9,621,159 8,684,431
Stockholders' Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 2,172,950 shares issued and outstanding at December 31, 2021 and 576,918 issued and outstanding at December 31, 2020 21,729 5,770
Additional paid-in capital 19,051,929 5,541,411
Accumulated deficit (5,419,624) (4,177,142)
Total Generation Income Properties, Inc. stockholders' equity 13,654,034 1,370,039
Total Liabilities and Stockholders' Equity $ 53,420,716 $ 40,680,740