$LMFA
LM FUNDING AMERICA, INC.

2016 Q2 Form 10-Q Financial Statement

#000156459016024409 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.435M $2.016M
YoY Change -28.81%
Cost Of Revenue $550.0K $130.0K
YoY Change 323.08%
Gross Profit $880.0K $1.880M
YoY Change -53.19%
Gross Profit Margin 61.31% 93.25%
Selling, General & Admin $1.360M $740.0K
YoY Change 83.78%
% of Gross Profit 154.55% 39.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.00K
YoY Change
% of Gross Profit 1.48%
Operating Expenses $2.050M $878.2K
YoY Change 133.42%
Operating Profit -$614.7K $1.138M
YoY Change -154.03%
Interest Expense $155.5K $208.9K
YoY Change -25.56%
% of Operating Profit 18.36%
Other Income/Expense, Net
YoY Change
Pretax Income -$770.3K $928.9K
YoY Change -182.92%
Income Tax -$274.7K $0.00
% Of Pretax Income 0.0%
Net Earnings -$495.6K $928.9K
YoY Change -153.35%
Net Earnings / Revenue -34.53% 46.08%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$0.15 $11.00M
COMMON SHARES
Basic Shares Outstanding 3.300M
Diluted Shares Outstanding 3.300M

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.830M $2.430M
YoY Change 139.92%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.830M $2.440M
YoY Change 138.93%
LONG-TERM ASSETS
Property, Plant & Equipment $129.1K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.720M $710.0K
YoY Change 564.79%
Total Long-Term Assets $6.585M $3.560M
YoY Change 84.98%
TOTAL ASSETS
Total Short-Term Assets $5.830M $2.440M
Total Long-Term Assets $6.585M $3.560M
Total Assets $12.42M $6.000M
YoY Change 106.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $6.340M $8.820M
YoY Change -28.12%
Other Long-Term Liabilities $650.0K $350.0K
YoY Change 85.71%
Total Long-Term Liabilities $6.990M $9.170M
YoY Change -23.77%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $6.990M $9.170M
Total Liabilities $6.992M $9.230M
YoY Change -24.25%
SHAREHOLDERS EQUITY
Retained Earnings -$952.0K
YoY Change
Common Stock $6.376M $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.424M -$3.230M
YoY Change
Total Liabilities & Shareholders Equity $12.42M $6.000M
YoY Change 106.92%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$495.6K $928.9K
YoY Change -153.35%
Depreciation, Depletion And Amortization $13.00K
YoY Change
Cash From Operating Activities -$810.0K $750.0K
YoY Change -208.0% -38.02%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$40.00K $330.0K
YoY Change -112.12% -45.9%
Cash From Investing Activities -$40.00K $330.0K
YoY Change -112.12% -45.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -600.0K -700.0K
YoY Change -14.29% -52.05%
NET CHANGE
Cash From Operating Activities -810.0K 750.0K
Cash From Investing Activities -40.00K 330.0K
Cash From Financing Activities -600.0K -700.0K
Net Change In Cash -1.450M 380.0K
YoY Change -481.58% 5.56%
FREE CASH FLOW
Cash From Operating Activities -$810.0K $750.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;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-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;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 New Neighbor Guaranty 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></div>
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