LM Funding America, Inc. (LMFA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1200 WEST PLATT STREET TAMPA, FL 33606 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,242 | 35,231 | 11,554 | 1,070 | 3,521 | 590 | |||
| Cash and cash equivalents | 4,238 | 32,559 | 11,554 | 1,070 | 3,521 | 590 | |||
| Short-term investments | 4 | 2,671 | |||||||
| Receivables | 3,808 | 2,000 | 153 | ||||||
| Other undisclosed current assets | 2,442 | 1,280 | 567 | 551 | |||||
| Total current assets: | 10,492 | 38,511 | 12,121 | 1,773 | 3,521 | 590 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 266 | 60 | 161 | 260 | ✕ | ✕ | |||
| Property, plant and equipment | 27,192 | 18 | 6 | 36 | 34 | 70 | |||
| Long-term investments and receivables | 465 | 4,676 | 1,500 | ||||||
| Long-term investments | 465 | 4,676 | 1,500 | ||||||
| Intangible assets, net (including goodwill) | 4,040 | ||||||||
| Goodwill | 4,040 | ||||||||
| Other undisclosed intangible assets, net (including goodwill) | |||||||||
| Other noncurrent assets | 11 | 11 | 11 | 11 | |||||
| Other undisclosed noncurrent assets | 14,764 | 18,829 | 19 | 21 | |||||
| Total noncurrent assets: | 42,698 | 23,593 | 197 | 5,867 | 34 | 70 | |||
| Other undisclosed assets | 2,505 | 1,308 | |||||||
| TOTAL ASSETS: | 53,190 | 62,104 | 12,317 | 7,641 | 6,060 | 1,968 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,571 | 464 | 237 | 355 | |||||
| Taxes payable | ✕ | ✕ | 326 | 14 | |||||
| Other undisclosed accounts payable and accrued liabilities | 1,571 | 137 | 237 | 341 | |||||
| Debt | 476 | 115 | 170 | ||||||
| Other liabilities | 21 | ||||||||
| Due to related parties | ✕ | 75 | 121 | 158 | 3,462 | ||||
| Other undisclosed current liabilities | 91 | 394 | 96 | 14 | |||||
| Total current liabilities: | 2,213 | 1,094 | 492 | 4,022 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 172 | 172 | |||||||
| Liabilities, other than long-term debt | 179 | ||||||||
| Operating lease, liability | 179 | 172 | 172 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 14 | 612 | |||||||
| Total noncurrent liabilities: | 179 | 357 | 783 | ||||||
| Other undisclosed liabilities | 251 | 1,071 | |||||||
| Total liabilities: | 2,392 | 1,094 | 849 | 4,806 | 251 | 1,071 | |||
| Equity | |||||||||
| Equity, attributable to parent | 49,191 | 60,761 | 11,463 | 2,835 | 5,809 | 897 | |||
| Common stock | 13 | 13 | 15 | 3 | 3 | 6 | |||
| Additional paid in capital | 92,195 | 74,525 | 29,984 | 17,327 | 17,295 | 11,908 | |||
| Accumulated deficit | (43,017) | (13,777) | (18,536) | (14,495) | (11,490) | (11,018) | |||
| Equity, attributable to noncontrolling interest | 1,606 | 249 | 5 | ||||||
| Total equity: | 50,797 | 61,010 | 11,468 | 2,835 | 5,809 | 897 | |||
| TOTAL LIABILITIES AND EQUITY: | 53,190 | 62,104 | 12,317 | 7,641 | 6,060 | 1,968 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,734 | 899 | 1,264 | 3,025 | 3,390 | 4,392 | ||
| Brokerage commissions revenue | ✕ | ✕ | 640 | ✕ | ||||
| Gain (loss) on disposition of assets for financial service operations | (350) | 13,818 | 16 | ✕ | ||||
| Cost of revenue | (1) | (141) | ||||||
| Provision for loan, lease, and other losses | (1) | ✕ | ||||||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (141) | |
| Gross profit: | 1,734 | 899 | 1,264 | 3,025 | 3,389 | 4,251 | ||
| Operating expenses | (26,410) | (9,331) | (5,316) | (5,895) | (3,802) | (7,864) | ||
| Other undisclosed operating income | 1 | 141 | ||||||
| Operating loss: | (24,676) | (8,432) | (4,052) | (2,869) | (412) | (3,472) | ||
| Nonoperating income (expense) | (34) | 2 | (7) | (136) | (60) | (1,724) | ||
| Investment income, nonoperating | (34) | 2 | ||||||
| Other nonoperating expense | (7) | (136) | (60) | (1,724) | ||||
| Interest and debt expense | 157 | (7) | (142) | (465) | (605) | |||
| Loss from continuing operations before equity method investments, income taxes: | (24,710) | (8,273) | (4,066) | (3,147) | (937) | (5,800) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,735) | 13,602 | 7 | 142 | 465 | 605 | ||
| Income (loss) from continuing operations before income taxes: | (26,445) | 5,329 | (4,059) | (3,005) | (472) | (5,196) | ||
| Income tax expense (benefit) | (1,438) | (326) | 1,023 | 431 | (417) | (3,432) | ||
| Other undisclosed loss from continuing operations | (1,023) | |||||||
| Income (loss) from continuing operations: | (27,883) | 5,003 | (4,059) | (2,574) | (889) | (8,627) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 5,003 | (4,043) | (2,574) | (889) | (8,627) | |
| Income from discontinued operations | 16 | |||||||
| Other undisclosed net income (loss) | 1 | (431) | 417 | |||||
| Net income (loss): | (27,883) | 5,003 | (4,041) | (3,005) | (472) | (8,627) | ||
| Net income (loss) attributable to noncontrolling interest | (1,357) | (244) | 1 | |||||
| Other undisclosed net loss attributable to parent | (3) | |||||||
| Net income (loss) available to common stockholders, diluted: | (29,240) | 4,759 | (4,043) | (3,005) | (472) | (8,627) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (27,883) | 5,003 | (4,041) | (3,005) | (472) | (8,627) | ||
| Comprehensive income (loss): | (27,883) | 5,003 | (4,041) | (3,005) | (472) | (8,627) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,357) | (244) | 1 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (29,240) | 4,759 | (4,040) | (3,005) | (472) | (8,627) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.