Goodwill and Acquisition - Summary of Results of Operations for IIU (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
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| Business Acquisition [Line Items] | ||||
| Revenues: | $ 840,021 | $ 877,986 | $ 1,602,720 | $ 1,841,719 |
| Net commission revenue | 181,391 | 280,159 | ||
| Operating Expenses: | 1,227,838 | 733,170 | 2,439,768 | 1,705,821 |
| Operating income (loss) | (387,817) | 144,816 | (837,048) | 135,898 |
| Gain on litigation | 405,000 | 405,000 | ||
| Interest expense | 62,686 | 94,576 | 70,473 | 94,576 |
| Income (loss) before income taxes | (450,503) | 455,240 | (907,521) | 446,322 |
| Net income (loss) | $ (450,503) | $ 455,240 | $ (907,521) | $ 446,322 |
| Income (loss) per share: | ||||
| Basic | $ (0.14) | $ 0.73 | $ (0.29) | $ 0.71 |
| Diluted | $ (0.14) | $ 0.73 | $ (0.29) | $ 0.71 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 3,134,261 | 625,319 | 3,133,106 | 625,319 |
| Diluted | 3,134,261 | 625,319 | 3,133,106 | 625,319 |
| LM Funding and IIU Inc. [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Revenues: | $ 840,021 | $ 1,077,981 | $ 1,617,288 | $ 2,182,073 |
| Net commission revenue | 840,021 | 1,077,981 | 1,617,288 | 2,182,073 |
| Operating Expenses: | 1,227,838 | 867,977 | 2,452,886 | 1,981,074 |
| Operating income (loss) | (387,817) | 210,004 | (835,598) | 200,999 |
| Investment income | (110,335) | (32,668) | ||
| Gain on litigation | (405,000) | (405,000) | ||
| Interest expense | 62,686 | 94,576 | 70,473 | 94,576 |
| Income (loss) before income taxes | (450,503) | 630,763 | (906,071) | 544,091 |
| Income tax benefit | (14,226) | |||
| Net income (loss) | $ (450,503) | $ 630,763 | $ (891,845) | $ 544,091 |
| Income (loss) per share: | ||||
| Basic | $ (0.14) | $ 1.01 | $ (0.28) | $ 0.87 |
| Diluted | $ (0.14) | $ 1.01 | $ (0.28) | $ 0.87 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 3,134,261 | 625,319 | 3,133,106 | 625,319 |
| Diluted | 3,134,261 | 625,319 | 3,133,106 | 625,319 |
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- Definition Amount of commission revenue from buying and selling securities on behalf of customers. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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