v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investments in real estate    
Land and improvements $ 157,922 $ 157,922
Buildings and improvements 259,939 259,750
Construction in progress 0 13
Intangible assets 10,063 10,063
Real Estate Investment Property, at Cost 427,924 427,748
Accumulated depreciation and amortization (40,096) (38,018)
Total investments in real estate, net 387,828 389,730
Cash 11,617 10,655
Cash – restricted 4,534 5,164
Accounts receivable, net 3,488 3,516
Note receivable 0 3,120
Other assets 2,064 2,877
Total assets 409,531 415,062
Liabilities [Abstract]    
Notes payable, net 185,388 185,921
Line of credit 28,691 27,238
Accrued preferred distributions and redemptions 914 596
Earn-Out liability 565 935
Total liabilities 225,536 225,791
Mobile Infrastructure Corporation Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 40,491,674 and 40,376,974 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2 2
Warrants issued and outstanding – 2,553,192 warrants as of March 31, 2025 and December 31, 2024 3,319 3,319
Additional paid-in capital 305,081 306,718
Accumulated deficit (143,946) (140,056)
Total Mobile Infrastructure Corporation Stockholders’ Equity 164,456 169,983
Non-controlling interest 19,539 19,288
Total equity 183,995 189,271
Total liabilities and equity 409,531 415,062
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 [Abstract]    
Accounts Payable and Accrued Liabilities 9,508 10,634
Related Party [Member]    
Liabilities [Abstract]    
Accounts Payable and Accrued Liabilities $ 470 $ 467

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