LM Funding America, Inc. (LMFA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35,231 1,0703,5215902,268
Cash and cash equivalents32,559 1,0703,5215902,268
Short-term investments2,671     
Receivables2,000 153   
Other undisclosed current assets1,280 551   
Total current assets:38,511 1,7733,5215902,268
Noncurrent Assets
Operating lease, right-of-use asset60 260
Property, plant and equipment18 363470110
Long-term investments and receivables4,676 1,500   
Long-term investments4,676 1,500   
Intangible assets, net (including goodwill)  4,040   
Goodwill  4,040   
Regulated entity, other noncurrent assets     99
Other noncurrent assets11 11   
Other undisclosed noncurrent assets18,829 21   
Total noncurrent assets:23,593 5,8673470209
Other undisclosed assets   2,5051,3087,537
TOTAL ASSETS:62,104 7,6416,0601,96810,015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:464 355   
Taxes payable326 14   
Other undisclosed accounts payable and accrued liabilities137 341   
Debt115 170   
Due to related parties121 3,462   
Other liabilities  21   
Other undisclosed current liabilities394 14   
Total current liabilities:1,094 4,022   
Noncurrent Liabilities
Long-term debt and lease obligation  172   
Operating lease, liability  172
Other undisclosed noncurrent liabilities  612   
Total noncurrent liabilities:  783   
Other undisclosed liabilities   2511,0715,845
Total liabilities:1,094 4,8062511,0715,845
Stockholders' equity
Stockholders' equity attributable to parent60,761 2,8355,8098974,169
Common stock13 3363
Additional paid in capital74,525 17,32717,29511,9086,557
Accumulated deficit(13,777) (14,495)(11,490)(11,018)(2,391)
Stockholders' equity attributable to noncontrolling interest249     
Total stockholders' equity:61,010 2,8355,8098974,169
TOTAL LIABILITIES AND EQUITY:62,104 7,6416,0601,96810,015

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues899 3,0253,3904,3924,900
Gain on disposition of assets for financial service operations13,818   
Brokerage commissions revenue  640 
Cost of revenue   (1)(141)(3,220)
Cost of goods and services sold     (3,220)
Provision for loan, lease, and other losses   (1)
Financial services costs(141) 
Gross profit:899 3,0253,3894,2511,680
Operating expenses(9,331) (5,895)(3,802)(7,864)(7,987)
Other undisclosed operating income   11413,220
Operating loss:(8,432) (2,869)(412)(3,472)(3,087)
Nonoperating income (expense)2 (136)(60)(1,724) 
Investment income, nonoperating2     
Other nonoperating expense  (136)(60)(1,724) 
Interest and debt expense157 (142)(465)(605)(595)
Loss from continuing operations before equity method investments, income taxes:(8,273) (3,147)(937)(5,800)(3,681)
Other undisclosed income from continuing operations before income taxes13,602 142465605 
Income (loss) from continuing operations before income taxes:5,329 (3,005)(472)(5,196)(3,681)
Income tax expense (benefit)(326) 431(417)(3,432)1,311
Income (loss) before gain (loss) on sale of properties:5,003 (2,574)(889)(8,627)(2,370)
Other undisclosed net income (loss)  (431)417  
Net income (loss):5,003 (3,005)(472)(8,627)(2,370)
Net loss attributable to noncontrolling interest(244)     
Net income (loss) available to common stockholders, diluted:4,759 (3,005)(472)(8,627)(2,370)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):5,003 (3,005)(472)(8,627)(2,370)
Comprehensive income (loss):5,003 (3,005)(472)(8,627)(2,370)
Comprehensive loss, net of tax, attributable to noncontrolling interest(244)     
Comprehensive income (loss), net of tax, attributable to parent:4,759 (3,005)(472)(8,627)(2,370)

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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