LM Funding America, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Finance Receivables - Original Product

Finance Receivables - Original Product

9 Months Ended

Sep. 30, 2018

Note 2. Finance Receivables – Original Product

The Company’s original funding product provides financing to community associations only up to the secured or “Super Lien Amount” as discussed in Note 1. Finance receivables for the original product based on the year of funding are approximately as follows:

	September 30, 2018			December 31, 2017 (Audited)
Funded during the current year	$	45,000		$	118,000
1-2 years outstanding		51,000			38,000
2-3 years outstanding		25,000			12,000
3-4 years outstanding		8,000			24,000
Greater than 4 years outstanding		516,000			640,000
		645,000			832,000
Reserve for credit losses		(180,000	)		(194,000	)
	$	465,000		$	638,000
Number of active units with delinquent assessments		896			1,162
Amount of outstanding interest and late fees on active units	$	13,264,000		$	14,600,000