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)

Operating Leases

Operating cash flow information

Cash paid for amounts included in the measurement of lease liabilities

Non-cash activity:

ROU assets obtained in exchange for lease liabilities (lease cancelled)

ROU assets obtained in exchange for lease liabilities

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Components of Lease Expense

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

Nine Months

Ended

September 30,

2019

Operating lease expense

147,575

Summary of Supplemental Balance Sheet Information Related to Operating Leases

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

	Balance Sheet Line Item	Nine Months Ended September 30, 2019
Assets
ROU assets	Right of use asset, net	$	284,936
Total lease assets		$	284,936

Liabilities
Current lease liabilities	Lease liability	$	91,986
Long-term lease liabilities	Lease liability		195,196
Total lease liabilities		$	287,182

Weighted-average remaining lease term (in years)			2.87
Weighted-average discount rate			6.55	%

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 nine months ended September 30, 2019:

Schedule of Future Minimum Lease Payment Due

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

	Operating Leases

2019 (excluding the nine months ended September 30, 2019)	$	22,317
2020		94,235
2021		103,646
2022		66,984
		287,182