v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Interest on delinquent association fees $ 101,268 $ 77,444
Administrative and late fees 16,708 15,071
Recoveries in excess of cost - special product 17,365 29,473
Underwriting and other revenues 16,791 22,703
Rental revenue 38,872 31,917
Total revenues 191,004 176,608
Operating Expenses:    
Professional fees 774,820 482,943
Settlement costs with associations 160  
Selling, general and administrative 114,920 99,769
Recovery of cost from related party receivable   (10,000)
Real estate management and disposal 31,481 18,290
Depreciation and amortization 3,094 1,696
Collection costs (3,820) 2,048
Other operating expenses 8,384 7,545
Total operating expenses 5,221,236 1,904,272
Operating loss (5,030,232) (1,727,664)
Realized gain (loss) on securities (395,181) 5,671,464
Unrealized gain on convertible debt security 288,320  
Unrealized gain on marketable securities 130 595,392
Unrealized gain (loss) on investment and equity securities (986,399) 595,392
Digital assets other income 4,366  
Interest income 98,370 13,055
Interest expense   (464)
Dividend income 1,375  
Income (loss) before income taxes (6,019,251) 4,551,783
Income tax expense   (3,484)
Net income (loss) (6,019,251) 4,548,299
Less: Net income (loss) attributable to non-controlling interest 291,200 (171,866)
Net income (loss) attributable to LM Funding America Inc. $ (5,728,051) $ 4,376,433
Earnings/(loss) per share:    
Basic income (loss) per common share - net income (loss) - attributable to LM Funding $ (0.44) $ 0.87
Diluted income (loss) per common share - net income (loss) - attributable to LM Funding $ (0.44) $ 0.80
Weighted average number of common shares outstanding:    
Basic 13,060,736 5,047,498
Diluted 13,060,736 5,439,398
Service [Member]    
Operating Expenses:    
Staff costs and payroll $ 4,292,197 $ 1,301,981

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