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 (Tables)

Finance Receivables - Original Product (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Finance Receivables for 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 as of September 30, 2020 and December 31, 2019 based on the year of funding are approximately as follows:

	September 30, 2020			December 31, 2019 (Audited)
Funded during the current year	$	16,000		$	40,000
1-2 years outstanding		14,000			15,000
2-3 years outstanding		9,000			20,000
3-4 years outstanding		17,000			11,000
Greater than 4 years outstanding		256,000			300,000
		312,000			386,000
Reserve for credit losses		(142,000	)		(112,000	)
	$	170,000		$	274,000
Number of active units with delinquent assessments		489			598
Amount of outstanding interest and late fees on active units	$	8,682,000		$	9,167,000

The Company reserved $30,000 on financing receivables during the three month period ended September 30, 2020.