Mobile Infrastructure Corp
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
BEEP$2.37-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except per share amounts)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Investments in real estate | ||
| Land and improvements | $157,922 | $161,291 |
| Buildings and improvements | 259,750 | 260,966 |
| Construction in progress | 13 | 273 |
| Intangible assets | 10,063 | 10,187 |
| 427,748 | 432,717 | |
| Accumulated depreciation and amortization | (38,018) | (29,838) |
| Total investments in real estate, net | 389,730 | 402,879 |
| Cash | 10,655 | 11,134 |
| Cash – restricted | 5,164 | 5,577 |
| Accounts receivable, net | 3,516 | 2,269 |
| Notes receivable | 3,120 | — |
| Other assets | 2,877 | 1,378 |
| Total assets | $415,062 | $423,237 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Notes payable, net | $185,921 | $134,380 |
| Revolving credit facility, net | — | 58,523 |
| Line of credit | 27,238 | — |
| Accounts payable and accrued expenses | 10,634 | 14,666 |
| Accrued preferred distributions and redemptions | 596 | 10,464 |
| Earn-Out liability | 935 | 1,779 |
| Due to related parties | 467 | 470 |
| Total liabilities | 225,791 | 220,282 |
| Equity | ||
| Mobile Infrastructure Corporation Stockholders’ Equity | ||
| Preferred stock Series A, $0.0001 par value, 50,000 shares authorized, 1,949 and 2,812 shares issued and outstanding, with a stated liquidation value of $1,949,000 and $2,812,000 as of December 31, 2024 and December 31, 2023, respectively | — | — |
| Preferred stock Series 1, $0.0001 par value, 97,000 shares authorized, 18,165 and 36,677 shares issued and outstanding, with a stated liquidation value of $18,165,000 and $36,677,000 as of December 31, 2024 and December 31, 2023, respectively | — | — |
| Preferred stock Series 2, $0.0001 par value, 60,000 shares authorized, 46,000 issued and converted (stated liquidation value of zero as of December 31, 2024 and December 31, 2023) | — | — |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 40,376,974 and 27,858,539 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Warrants issued and outstanding – 2,553,192 warrants as of December 31, 2024 and December 31, 2023 | 3,319 | 3,319 |
| Additional paid-in capital | 306,718 | 262,184 |
| Accumulated deficit | (140,056) | (134,291) |
| Total Mobile Infrastructure Corporation Stockholders’ Equity | 169,983 | 131,214 |
| Non-controlling interest | 19,288 | 71,741 |
| Total equity | 189,271 | 202,955 |
| Total liabilities and equity | $415,062 | $423,237 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.