v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Interest on delinquent association fees $ 77,444 $ 219,514
Administrative and late fees 15,071 23,045
Recoveries in excess of cost - special product 29,473 22,628
Underwriting and other revenues 22,703 27,929
Rental revenue 31,917 48,080
Total revenues 176,608 341,196
Operating Expenses:    
Professional fees 482,943 506,995
Settlement costs with associations   11,920
Selling, general and administrative 99,769 80,223
Recovery of cost from related party receivable (10,000) (100,000)
Real estate management and disposal 18,290 85,342
Depreciation and amortization 1,696 5,812
Collection costs 2,048 (8,321)
Other operating expenses 7,545 3,794
Total operating expenses 1,904,272 901,824
Operating loss from continuing operations (1,727,664) (560,628)
Realized gain on securities 5,671,464  
Unrealized gain on securities 595,392  
Interest income 13,055  
Interest expense (464) (6,894)
Income (loss) from continuing operations before income taxes 4,551,783 (567,522)
Income tax expense (3,484)  
Net income (loss) from continuing operations 4,548,299 (567,522)
Gain from operations of discontinued operations   16,428
Net gain from discontinued operations   16,428
Net income (loss) 4,548,299 (551,094)
Less: Net income attributable to non-controlling interest (171,866)  
Net income (loss) attributable to LM Funding America Inc. $ 4,376,433 $ (551,094)
Earnings/(loss) per share:    
Basic income (loss) per common share - continuing operations $ 0.87 $ (0.88)
Basic income/(loss) per common share - discontinued operations   0.03
Basic income (loss) per common share - net income (loss) - attributable to LM Funding 0.87 (0.85)
Diluted income (loss) per common share - continuing operations 0.80 (0.88)
Diluted earnings/(loss) per common share - discontinued operations   0.03
Diluted income (loss) per common share - net income (loss) - attributable to LM Funding $ 0.80 $ (0.85)
Weighted average number of common shares outstanding:    
Basic 5,047,498 646,606
Diluted 5,439,398 646,606
Service [Member]    
Operating Expenses:    
Staff costs and payroll $ 1,301,981 $ 316,059

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