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

6 Months Ended

Jun. 30, 2019

Note 3. 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 as of June 30, 2019 and December 31, 2018 based on the year of funding are approximately as follows:

	June 30, 2019			December 31, 2018 (Audited)
Funded during the current year	$	30,000		$	79,000
1-2 years outstanding		35,000			35,000
2-3 years outstanding		27,000			18,000
3-4 years outstanding		13,000			7,000
Greater than 4 years outstanding		338,000			411,000
		443,000			550,000
Reserve for credit losses		(113,000	)		(125,000	)
	$	330,000		$	425,000
Number of active units with delinquent assessments		692			826
Amount of outstanding interest and late fees on active units	$	10,408,000		$	11,268,000