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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Investment in real estate    
Property and improvements $ 52,267,674 $ 41,025,309
Tenant improvements 907,382 482,701
Acquired lease intangible assets 4,677,928 3,304,014
Less accumulated depreciation and amortization (3,943,236) (3,512,343)
Total investments 53,909,748 41,299,681
Investment in tenancy-in-common 733,635 725,082
Cash and cash equivalents 4,607,952 10,589,576
Restricted cash 34,500 34,500
Deferred rent asset 174,364 156,842
Prepaid expenses 494,709 237,592
Deferred financing costs 26,023  
Accounts receivable 95,414 88,661
Escrow deposit and other assets 197,486 288,782
Right of use asset, net 6,297,087  
Total Assets 66,570,918 53,420,716
Liabilities    
Accounts payable 94,816 201,727
Accrued expenses 305,964 134,816
Acquired lease intangible liabilities, net 718,864 577,388
Insurance payable 288,693 33,359
Deferred rent liability 247,746 228,938
Right of use liability, net 6,313,954  
Mortgage loans, net of unamortized discount of $682,898 and $637,693 at March 31, 2022 and December 31, 2021, respectively 35,027,836 28,969,295
Total liabilities 42,997,873 30,145,523
Redeemable Non-Controlling Interests 10,746,509 9,621,159
Stockholders' Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 2,247,768 shares issued and outstanding at March 31, 2022 and 2,172,950 issued and outstanding at December 31, 2021 22,477 21,729
Additional paid-in capital 18,804,217 19,051,929
Accumulated deficit (6,000,158) (5,419,624)
Total Generation Income Properties, Inc. stockholders' equity 12,826,536 13,654,034
Total Liabilities and Stockholders' Equity $ 66,570,918 $ 53,420,716