$LMFA
LM FUNDING AMERICA, INC.

2015 Q4 Form 10-K Financial Statement

#000156459016015681 Filed on March 30, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $1.750M $6.960M $1.670M
YoY Change 4.79% -9.02%
Cost Of Revenue $320.0K $820.0K
YoY Change 43.86%
Gross Profit $1.430M $6.140M
YoY Change -13.28%
Gross Profit Margin 81.71% 88.22%
Selling, General & Admin -$530.0K $686.7K
YoY Change -76.24%
% of Gross Profit -37.06% 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Operating Expenses $810.0K $4.518M $870.0K
YoY Change -6.9% 42.09%
Operating Profit $620.0K $1.622M
YoY Change -58.42%
Interest Expense -$350.0K $917.5K -$220.0K
YoY Change 59.09% -192.68%
% of Operating Profit -56.45% 56.58%
Other Income/Expense, Net
YoY Change
Pretax Income -$20.00K $1.725M $570.0K
YoY Change -103.51% -32.35%
Income Tax -$146.6K -$146.6K
% Of Pretax Income -8.5%
Net Earnings $110.0K $1.732M $540.0K
YoY Change -79.63% -27.31%
Net Earnings / Revenue 6.29% 24.88% 32.34%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share $5.500M -$0.01 $6.750M
COMMON SHARES
Basic Shares Outstanding 3.300M shares 3.300M
Diluted Shares Outstanding 3.300M

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.000M $9.000M $2.030M
YoY Change 343.35% 343.35%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $310.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.000M $9.000M $2.800M
YoY Change 221.43% 221.43%
LONG-TERM ASSETS
Property, Plant & Equipment $158.7K $162.4K
YoY Change -2.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $40.00K
YoY Change
Other Assets $3.160M $3.160M $290.0K
YoY Change 989.66% 989.66%
Total Long-Term Assets $5.414M $5.410M $3.971M
YoY Change 36.34% 36.27%
TOTAL ASSETS
Total Short-Term Assets $9.000M $9.000M $2.800M
Total Long-Term Assets $5.414M $5.410M $3.971M
Total Assets $14.41M $14.41M $6.771M
YoY Change 112.87% 112.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $340.0K
YoY Change
Accrued Expenses $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $410.0K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $7.530M $7.530M $7.430M
YoY Change 1.35%
Other Long-Term Liabilities $620.0K $620.0K $70.00K
YoY Change 785.71% 785.71%
Total Long-Term Liabilities $8.150M $8.150M $7.500M
YoY Change 8.67% 11542.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $410.0K
Total Long-Term Liabilities $8.150M $8.150M $7.500M
Total Liabilities $8.150M $8.150M $7.920M
YoY Change 2.9% 2.9%
SHAREHOLDERS EQUITY
Retained Earnings -$20.16K
YoY Change
Common Stock $6.285M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.264M $6.260M -$1.140M
YoY Change
Total Liabilities & Shareholders Equity $14.41M $14.41M $6.771M
YoY Change 112.87% 112.85%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $110.0K $1.732M $540.0K
YoY Change -79.63% -27.31%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities $520.0K $2.250M $510.0K
YoY Change 1.96% -7.02%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$40.00K
YoY Change -73.33%
Acquisitions
YoY Change
Other Investing Activities $70.00K $980.0K $150.0K
YoY Change -53.33% -20.33%
Cash From Investing Activities $20.00K $930.0K $150.0K
YoY Change -86.67% -14.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.350M 3.790M -40.00K
YoY Change -15975.0% -269.2%
NET CHANGE
Cash From Operating Activities 520.0K 2.250M 510.0K
Cash From Investing Activities 20.00K 930.0K 150.0K
Cash From Financing Activities 6.350M 3.790M -40.00K
Net Change In Cash 6.890M 6.970M 620.0K
YoY Change 1011.29% 448.82%
FREE CASH FLOW
Cash From Operating Activities $520.0K $2.250M $510.0K
Capital Expenditures -$40.00K -$40.00K
Free Cash Flow $560.0K $2.290M
YoY Change -10.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of Estimates </font></p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the evaluation of any probable losses on amounts funded under the Company&#8217;s <font style="font-style:italic;">New Neighbor Guaranty</font> program as disclosed below, the realization of deferred tax assets, the evaluation of contingent losses related to litigation and fair value estimates of real estate assets owned. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></div>
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
148266
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
122062
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18357
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-10226
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-59745
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-95608
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
6344
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
45545

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