v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investments in real estate    
Land and improvements $ 157,922 $ 157,922
Buildings and improvements 260,181 259,750
Construction in progress 92 13
Intangible assets 10,063 10,063
Accumulated depreciation and amortization (42,959) (38,018)
Total investments in real estate, net 385,299 389,730
Cash and cash equivalents 10,621 10,655
Cash – restricted 5,234 5,164
Accounts receivable, net 3,321 3,516
Note receivable 0 3,120
Other assets 1,098 2,877
Total assets 405,573 415,062
Liabilities    
Notes payable, net 184,745 185,921
Line of credit 29,535 27,238
Accrued preferred distributions and redemptions 319 596
Earn-Out Liability 700 935
Total liabilities 226,665 225,791
Mobile Infrastructure Corporation Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 40,785,127 and 40,376,974 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2 2
Warrants issued and outstanding – 2,553,192 warrants as of June 30, 2025 and December 31, 2024 3,319 3,319
Additional paid-in capital 305,510 306,718
Accumulated deficit (148,196) (140,056)
Total Mobile Infrastructure Corporation Stockholders’ Equity 160,635 169,983
Non-controlling interest 18,273 19,288
Total equity 178,908 189,271
Total liabilities and equity 405,573 415,062
Series A Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock, value 0 0
Series 1 Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock, value 0 0
Series 2 Preferred Stock [Member]    
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock, value 0 0
Nonrelated Party [Member]    
Liabilities    
Accounts Payable and Accrued Liabilities 10,896 10,634
Related Party [Member]    
Liabilities    
Accounts Payable and Accrued Liabilities $ 470 $ 467

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