SEC Form NT 10-Q filed by Generation Income Properties Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR |
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For Period Ended: June 30, 2024 |
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☐ Transition Report on Form 10-K |
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☐ Transition Report on Form 20-F |
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☐ Transition Report on Form 11-K |
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☐ Transition Report on Form 10-Q |
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☐ Transition Report on Form N-SAR |
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For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
PART I — REGISTRANT INFORMATION
GENERATION INCOME PROPERTIES, INC.
(Full Name of Registrant)
N/A
(Former Name if Applicable)
401 East Jackson Street, Suite 3300
(Address of Principal Executive Office (Street and Number))
Tampa, Florida 33602
(City, State and Zip Code)
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
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(a) |
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The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b) |
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c) |
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Generation Income Properties, Inc. (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Form 10-Q”) by the prescribed due date for the reasons described below:
The Company could not timely file the Form 10-Q because additional time was needed for the Company to prepare its accounting records and schedules in sufficient time to allow its SEC filing vendor to complete its data tagging of the Company’s financial statements for the period ended June 30, 2024, by the prescribed deadline of 5:30pm E.T. on August 14, 2024 for the Quarterly Report on Form 10-Q. The Form 10-Q was filed on August 14, 2024 at 5:59pm E.T. shortly after the prescribed deadline and is currently available on the Securities and Exchange Commission’s website at www.sec.gov.
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Ron Cook |
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813 |
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448-1234 |
(Name) |
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(Area Code) |
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(Telephone Number) |
(2) |
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒ Yes ☐ No |
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(3) |
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes ☐ No |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
During the three and six months ended June 30, 2024, the Company had total revenue of $2.3 million and $4.7 million respectively, as compared to $1.3 million and $2.7 million for the three and six-month period ended June 30, 2023. Net loss attributable to GIPR for six months ended June 30, 2024 was $1.5 million, as compared to $1 million for the same period last year. As the Form 10-Q has already been filed prior to this Form 12b-25 notification, please see the Form 10-Q for detailed information regarding changes in results of operations from the corresponding period.
GENERATION INCOME PROPERTIES, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 14, 2024 |
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By |
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/s/ Ron Cook |
Ron Cook
Chief Financial Officer