Mobile Infrastructure Corp
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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FY2023 · Filed Mar 22, 2024
BEEP$2.37-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except per share amounts)
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Investments in real estate | ||
| Land and improvements | $161,291 | $166,225 |
| Buildings and improvements | 260,966 | 272,605 |
| Construction in progress | 273 | 1,206 |
| Intangible assets | 10,187 | 10,106 |
| 432,717 | 450,142 | |
| Accumulated depreciation and amortization | (29,838) | (31,052) |
| Total investments in real estate, net | 402,879 | 419,090 |
| Cash | 11,134 | 5,758 |
| Cash – restricted | 5,577 | 5,216 |
| Accounts receivable, net | 2,269 | 1,849 |
| Other assets, net | 1,378 | 1,262 |
| Deferred offering costs | — | 2,086 |
| Assets held for sale | — | 696 |
| Due from related parties | — | 156 |
| Total assets | $423,237 | $436,113 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Notes payable, net | $134,380 | $146,948 |
| Revolving credit facility, net | 58,523 | 72,731 |
| Accounts payable and accrued expenses | 14,666 | 19,484 |
| Accrued preferred distributions | 10,464 | 8,504 |
| Earn-out Liability | 1,779 | — |
| Due to related parties | 470 | 470 |
| Liabilities held for sale | — | 968 |
| Total liabilities | 220,282 | 249,105 |
| Equity | ||
| Mobile Infrastructure Corporation Stockholders’ Equity | ||
| Preferred stock Series A, $0.0001 par value, 50,000 shares authorized, 2,812 and 2,862 shares issued and outstanding, with a stated liquidation value of $2,812,000 and $2,862,000 as of December 31, 2023 and December 31, 2022, respectively | — | — |
| Preferred stock Series 1, $0.0001 par value, 97,000 shares authorized, 36,677 and 39,811 shares issued and outstanding, with a stated liquidation value of $36,677,000 and $39,811,000 as of December 31, 2023 and December 31, 2022, respectively | — | — |
| Preferred stock Series 2, $0.0001 par value, 60,000 shares authorized, 46,000 shares issued and converted, with a stated liquidation value of zero as of December 31, 2023 and December 31, 2022 | — | — |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 27,858,539 and 13,089,848 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively | 2 | — |
| Warrants issued and outstanding – 2,553,192 warrants as of December 31, 2023 and December 31, 2022 | 3,319 | 3,319 |
| Additional paid-in capital | 240,357 | 193,176 |
| Accumulated deficit | (134,291) | (109,168) |
| Total Mobile Infrastructure Corporation Stockholders’ Equity | 109,387 | 87,327 |
| Non-controlling interest | 93,568 | 99,681 |
| Total equity | 202,955 | 187,008 |
| Total liabilities and equity | $423,237 | $436,113 |
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