v3.25.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments in real estate    
Land and improvements $ 156,861 $ 157,922
Buildings and improvements 255,891 259,750
Construction in progress 260 13
Intangible assets 10,063 10,063
Accumulated depreciation and amortization (42,803) (38,018)
Total investments in real estate, net 380,272 389,730
Cash and cash equivalents 6,136 10,655
Restricted Cash 5,920 5,164
Accounts receivable, net 3,745 3,516
Note receivable 0 3,120
Other assets 1,766 2,877
Total assets 397,839 415,062
Liabilities    
Notes payable, net 181,444 185,921
Line of credit 29,898 27,238
Accrued preferred distributions and redemptions 2,383 596
Earn-Out liability 242 935
Total liabilities 228,100 225,791
Mobile Infrastructure Corporation Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 40,584,766 and 40,376,974 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 2 2
Warrants issued and outstanding – 2,553,192 warrants as of September 30, 2025 and December 31, 2024 3,319 3,319
Additional paid-in capital 302,329 306,718
Accumulated deficit (153,999) (140,056)
Total Mobile Infrastructure Corporation Stockholders’ Equity 151,651 169,983
Non-controlling interest 18,088 19,288
Total equity 169,739 189,271
Total liabilities and equity 397,839 415,062
Nonrelated Party [Member]    
Liabilities    
Accounts Payable and Accrued Liabilities 13,643 10,634
Related Party [Member]    
Liabilities    
Accounts Payable and Accrued Liabilities 490 467
Series A Preferred Stock [Member]    
Investments in real estate    
Real Estate Investment Property, at Cost 423,075 427,748
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

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