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

Quarterly report pursuant to Section 13 or 15(d)

Investments - Additional Information (Details)

Investments - Additional Information (Details) - USD ($)		1 Months Ended	3 Months Ended			6 Months Ended
	Jan. 28, 2021	Jun. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Stock issued for warrants exercised, shares		5,956,544
Debt instrument amount funded for transaction						$ 1,666,500
Part of transaction purchased, amount						3,333,500
Stock issued for warrants exercised				$ 9,544,623	$ 2,946,480	$ 8,500,000
Common stock, par value		$ 0.001	$ 0.001			$ 0.001		$ 0.001
Fair value total		$ 7,588,538	$ 7,588,538			$ 7,588,538
Gain recognized on loan transaction				5,700,000
Amount of loans receivables acquired				18,000,000
Cost associated with acquisition of receivables loan				15,500,000
Proceeds from sale of own shares				32,600,000
Provision For Investor				$ 11,300,000
Common stock, shares issued		5,414,296	5,414,296			5,414,296		3,083,760
Proceeds from stock subscription							$ 1,250,000
Class B Shares And Warrants [Member]
Unrealized gain (loss) on Securities			$ 500,000			$ 1,100,000
IPO [Member]
Percentage of sponsors initial risk	70.50%
Proceeds from issuance initial public offering	$ 103,500,000
Gain or loss on equity investment in unconsolidated subsidiary						$ 4,600,000
IPO [Member] \| Stock Warrants [Member]
Private warrants hold by sponsors	5,738,000
Private Placement Warrants [Member] \| LMF Acquisition Opportunities Inc [Member] \| Stock Warrants [Member]
Warrant Exercise Price	$ 1.00
Proceeds from issuance of private placement	$ 5,738,000
LMF Acquisition Opportunities Inc [Member] \| Class B Shares And Warrants [Member]
Common stock, par value		$ 0.0001	$ 0.0001			$ 0.0001
Investments in affiliates shares		5,738,000	5,738,000			5,738,000
Warrant Exercise Price		$ 11.50	$ 11.50			$ 11.50
Percentage of ownership in subsidiary						70.00%
Value of shares under acquisition		$ 25,000	$ 25,000			$ 25,000
LMFA Sponsor LLC [Member]
Unrealized gain (loss) on Securities						$ 3,442,800
Purchased aggregate of private placement warrants						5,738,000
Investment warrants exercise price						$ 1.00
Class A Common Stock [Member] \| IPO [Member] \| LMF Acquisition Opportunities Inc [Member]
Common stock, par value	$ 10.00
Common stock, shares issued	10,350,000
Proceeds from stock subscription	$ 103,500,000
Class A Common Stock [Member] \| LMFA Sponsor LLC [Member]
Investment warrants exercise price						$ 11.50
Class A And Class B Common Shares [Member] \| IPO [Member]
Percentage of common stock hold by sponsors	20.00%
Short-term Investments
Accrued interest income on convertible security		$ 5,086,938	$ 5,086,938			$ 5,086,938
Common stock, par value		$ 0.972	$ 0.972			$ 0.972
Converted common stock						5,233,475
Sale of Stock, Price Per Share		$ 1.45	$ 1.45			$ 1.45
Fair value total		$ 7,588,538	$ 7,588,538			$ 7,588,538
Unrealized gain (loss) on Securities						2,501,600
LMF Acquisition Opportunities Inc [Member]
Debt instrument principal amount		5,000,000	5,000,000			5,000,000
Senior notes		$ 20,000,000	$ 20,000,000			$ 20,000,000
Debt instrument maturity period						2 years
Debt instrument, interest rate percentage		8.00%	8.00%			8.00%
Debt instrument discount rate percentage						10.00%
Debt instrument warrant coverage rate						90.00%
Debt instrument convertible conversion price rate						110.00%
Stock issued for warrants exercised, shares						2,922,078