LM Funding America, Inc. (LMFA) financial statements (2021 and earlier)

Company profile

Business Address 1200 WEST PLATT STREET
TAMPA, FL 33606
State of Incorp. DE
Fiscal Year End December 31
SIC 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,5541,0703,5215902,2688,998
Cash and cash equivalents11,5541,0703,5215902,2688,998
Receivables 153    
Other undisclosed current assets567551    
Total current assets:12,1211,7733,5215902,2688,998
Noncurrent Assets
Operating lease, right-of-use asset161260
Property, plant and equipment6363470110159
Long-term investments and receivables 1,500    
Long-term investments 1,500    
Intangible assets, net (including goodwill) 4,040    
Goodwill 4,040    
Regulated entity, other noncurrent assets    99 
Other noncurrent assets1111    
Other undisclosed noncurrent assets1921    
Total noncurrent assets:1975,8673470209159
Other undisclosed assets  2,5051,3087,5375,456
TOTAL ASSETS:12,3177,6416,0601,96810,01514,612
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:237355    
Taxes payable 14    
Other undisclosed accounts payable and accrued liabilities237341    
Debt 170    
Due to related parties1583,462    
Other liabilities 21    
Other undisclosed current liabilities9614    
Total current liabilities:4924,022    
Noncurrent Liabilities
Long-term debt and lease obligation172172    
Operating lease, liability172172
Other undisclosed noncurrent liabilities14612    
Total noncurrent liabilities:357783    
Other undisclosed liabilities  2511,0715,8458,348
Total liabilities:8494,8062511,0715,8458,348
Stockholders' equity
Stockholders' equity attributable to parent11,4632,8355,8098974,1696,264
Common stock1533633
Additional paid in capital29,98417,32717,29511,9086,5576,281
Accumulated deficit(18,536)(14,495)(11,490)(11,018)(2,391)(20)
Stockholders' equity attributable to noncontrolling interest5     
Total stockholders' equity:11,4682,8355,8098974,1696,264
TOTAL LIABILITIES AND EQUITY:12,3177,6416,0601,96810,01514,612

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2643,0253,3904,3924,9006,961
Brokerage commissions revenue 640 
Cost of revenue  (1)(141)(3,220)(1,288)
Cost of goods and services sold    (3,220)(1,288)
Provision for loan, lease, and other losses  (1)
Financial services costs(141)  
Gross profit:1,2643,0253,3894,2511,6805,672
Operating expenses(5,316)(5,895)(3,802)(7,864)(7,987)(4,518)
Other undisclosed operating income  11413,2201,288
Operating income (loss):(4,052)(2,869)(412)(3,472)(3,087)2,442
Nonoperating expense
(Other Nonoperating expense)
(7)(136)(60)(1,724)  
Interest and debt expense(7)(142)(465)(605)(595)(717)
Income (loss) from continuing operations before equity method investments, income taxes:(4,066)(3,147)(937)(5,800)(3,681)1,725
Other undisclosed income from continuing operations before income taxes7142465605  
Income (loss) from continuing operations before income taxes:(4,059)(3,005)(472)(5,196)(3,681)1,725
Income tax expense (benefit)1,023431(417)(3,432)1,311147
Other undisclosed loss from continuing operations(1,023)     
Income (loss) from continuing operations:(4,059)(2,574)(889)(8,627)(2,370)1,872
Income from discontinued operations16     
Income (loss) before gain (loss) on sale of properties:(4,043)(2,574)(889)(8,627)(2,370)1,872
Other undisclosed net income (loss)1(431)417   
Net income (loss):(4,041)(3,005)(472)(8,627)(2,370)1,872
Net income (loss) attributable to noncontrolling interest1    (140)
Other undisclosed net loss attributable to parent(3)     
Net income (loss) attributable to parent:(4,043)(3,005)(472)(8,627)(2,370)1,732
Other undisclosed net loss available to common stockholders, basic     (1,712)
Net income (loss) available to common stockholders, diluted:(4,043)(3,005)(472)(8,627)(2,370)20

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(4,041)(3,005)(472)(8,627)(2,370)1,872
Comprehensive income (loss):(4,041)(3,005)(472)(8,627)(2,370)1,872
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1    (140)
Comprehensive income (loss), net of tax, attributable to parent:(4,040)(3,005)(472)(8,627)(2,370)1,732

Statements sources

The financial statements are based on the company's filings with the 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.

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