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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments in real estate    
Land and improvements $ 160,235 $ 161,291
Buildings and improvements 259,604 260,966
Construction in progress 57 273
Intangible assets 10,256 10,187
Real Estate Investment Property, at Cost 430,152 432,717
Accumulated depreciation and amortization (34,001) (29,838)
Total investments in real estate, net 396,151 402,879
Cash 8,690 11,134
Restricted Cash 4,624 5,577
Accounts receivable, net 3,674 2,269
Note receivable 3,120 0
Other assets 853 1,378
Total assets 417,112 423,237
Liabilities    
Notes payable, net 132,920 134,380
Revolving credit facility, net 58,579 58,523
Accrued preferred distributions 9,864 10,464
Earn-Out Liability 815 1,779
Total liabilities 214,398 220,282
Mobile Infrastructure Corporation Stockholders’ Equity    
Preferred stock, value 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 29,763,475 and 27,858,539 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 2 2
Warrants issued and outstanding – 2,553,192 warrants as of June 30, 2024 and December 31, 2023 3,319 3,319
Additional paid-in capital 241,812 240,357
Accumulated deficit (137,746) (134,291)
Total Mobile Infrastructure Corporation Stockholders’ Equity 107,387 109,387
Non-controlling interest 95,327 93,568
Total equity 202,714 202,955
Total liabilities and equity 417,112 423,237
Series A 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 11,768 14,666
Related Party [Member]    
Liabilities    
Accounts Payable and Accrued Liabilities $ 452 $ 470

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