$LMFA
LM FUNDING AMERICA, INC.

2016 Q3 Form 10-Q Financial Statement

#000156459016029215 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $1.010M $1.750M $1.610M
YoY Change -37.27% 4.79% -18.69%
Cost Of Revenue $460.0K $320.0K $110.0K
YoY Change 318.18%
Gross Profit $540.0K $1.430M $1.500M
YoY Change -64.0%
Gross Profit Margin 53.47% 81.71% 93.17%
Selling, General & Admin $1.620M -$530.0K $660.0K
YoY Change 145.45%
% of Gross Profit 300.0% -37.06% 44.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K
YoY Change
% of Gross Profit 1.85%
Operating Expenses $1.620M $810.0K $670.0K
YoY Change 141.79% -6.9% -29.47%
Operating Profit -$1.080M $620.0K $830.0K
YoY Change -230.12%
Interest Expense -$140.0K -$350.0K -$160.0K
YoY Change -12.5% 59.09% -33.33%
% of Operating Profit -56.45% -19.28%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.447M -$20.00K $410.0K
YoY Change -452.99% -103.51% -48.1%
Income Tax -$533.1K -$146.6K $0.00
% Of Pretax Income 0.0%
Net Earnings -$914.2K $110.0K $409.4K
YoY Change -323.29% -79.63% -45.41%
Net Earnings / Revenue -90.51% 6.29% 25.43%
Basic Earnings Per Share -$0.28
Diluted Earnings Per Share -$0.28 $5.500M $4.625M
COMMON SHARES
Basic Shares Outstanding 3.300M 3.300M shares
Diluted Shares Outstanding 3.300M

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.640M $9.000M $2.110M
YoY Change 72.51% 343.35%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.030M $9.000M $2.110M
YoY Change 138.39% 221.43%
LONG-TERM ASSETS
Property, Plant & Equipment $117.5K $158.7K
YoY Change -2.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.350M $3.160M $1.200M
YoY Change 262.5% 989.66%
Total Long-Term Assets $6.050M $5.414M $3.730M
YoY Change 62.2% 36.34%
TOTAL ASSETS
Total Short-Term Assets $5.030M $9.000M $2.110M
Total Long-Term Assets $6.050M $5.414M $3.730M
Total Assets $11.08M $14.41M $5.840M
YoY Change 89.73% 112.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $5.750M $7.530M $8.270M
YoY Change -30.47% 1.35%
Other Long-Term Liabilities $630.0K $620.0K $520.0K
YoY Change 21.15% 785.71%
Total Long-Term Liabilities $6.380M $8.150M $8.790M
YoY Change -27.42% 8.67%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $6.380M $8.150M $8.790M
Total Liabilities $6.380M $8.150M $8.880M
YoY Change -28.15% 2.9%
SHAREHOLDERS EQUITY
Retained Earnings -$20.16K
YoY Change
Common Stock $6.285M $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.700M $6.264M -$3.040M
YoY Change
Total Liabilities & Shareholders Equity $11.08M $14.41M $5.840M
YoY Change 89.73% 112.87%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$914.2K $110.0K $409.4K
YoY Change -323.29% -79.63% -45.41%
Depreciation, Depletion And Amortization $10.00K
YoY Change
Cash From Operating Activities -$1.310M $520.0K $290.0K
YoY Change -551.72% 1.96% -58.57%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $130.0K $70.00K $310.0K
YoY Change -58.06% -53.33% -6.06%
Cash From Investing Activities $130.0K $20.00K $310.0K
YoY Change -58.06% -86.67% -6.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.010M 6.350M -930.0K
YoY Change 8.6% -15975.0% 25.68%
NET CHANGE
Cash From Operating Activities -1.310M 520.0K 290.0K
Cash From Investing Activities 130.0K 20.00K 310.0K
Cash From Financing Activities -1.010M 6.350M -930.0K
Net Change In Cash -2.190M 6.890M -330.0K
YoY Change 563.64% 1011.29% -213.79%
FREE CASH FLOW
Cash From Operating Activities -$1.310M $520.0K $290.0K
Capital Expenditures -$40.00K
Free Cash Flow $560.0K
YoY Change

Facts In Submission

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dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
dei Document Fiscal Year Focus
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dei Trading Symbol
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dei Entity Registrant Name
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LM FUNDING AMERICA, INC.
dei Document Type
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Entity Filer Category
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us-gaap Use Of Estimates
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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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