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

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

The following table presents components of lease expense for the six months ended June 30, 2019:


	Six Months Ended June 30, 2019
Operating lease expense	$ 97,301
	$ 97,301

Summary of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to operating leases as of June 30, 2019:


	Balance Sheet Line Item	Six Months Ended June 30, 2019
Assets
ROU assets	Right of use asset, net	$ 21,833
Total lease assets		$ 21,833

Liabilities
Current lease liabilities	Lease liability	$9,401
Long-term lease liabilities	Lease liability	12,858
Total lease liabilities		$ 22,259

Weighted-average remaining lease term (in years)		2.5
Weighted-average discount rate		8.02%

Summary of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

The following table presents supplemental cash flow information and non-cash activity related to operating leases for the six months ended June 30, 2019:


	Operating Leases
Operating cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$ 4,426
Non-cash activity:
ROU assets obtained in exchange for lease liabilities	26,685

Schedule of Future Minimum Lease Payment Due

The following table presents maturities of operating lease liabilities on an undiscounted basis as of June 30, 2019:


Year	Operating Leases
2019 (excluding the six months ended June 30, 2019)	$ 4,607
2020	9,784
2021	7,868
	$ 22,259