$LMFA
LM Funding America Inc Stock $lmfa

$lmfa Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-K Financial Statement

#000156459017005849 Filed on March 31, 2017

Income Statement

Concept	2016 Q4	2015 Q4	2015
Revenue	$880.0K	$1.750M	$6.960M
YoY Change	-49.71%	4.79%	-9.02%
Cost Of Revenue	$520.0K	$320.0K	$820.0K
YoY Change	62.5%		43.86%
Gross Profit	$360.0K	$1.430M	$6.140M
YoY Change	-74.83%		-13.28%
Gross Profit Margin	40.91%	81.71%	88.22%
Selling, General & Admin	$820.0K	-$530.0K	$686.7K
YoY Change	-254.72%		-76.24%
% of Gross Profit	227.78%	-37.06%	11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$70.00K		$0.00
YoY Change			-100.0%
% of Gross Profit	19.44%		0.0%
Operating Expenses	$890.0K	$810.0K	$4.518M
YoY Change	9.88%	-6.9%	42.09%
Operating Profit	-$530.0K	$620.0K	$1.622M
YoY Change	-185.48%		-58.42%
Interest Expense	-$200.0K	-$350.0K	$917.5K
YoY Change	-42.86%	59.09%	-192.68%
% of Operating Profit		-56.45%	56.58%
Other Income/Expense, Net
YoY Change
Pretax Income	-$780.0K	-$20.00K	$1.725M
YoY Change	3800.0%	-103.51%	-32.35%
Income Tax	-$260.0K	-$146.6K	-$146.6K
% Of Pretax Income			-8.5%
Net Earnings	-$520.0K	$110.0K	$1.732M
YoY Change	-572.73%	-79.63%	-27.31%
Net Earnings / Revenue	-59.09%	6.29%	24.88%
Basic Earnings Per Share			-$0.01
Diluted Earnings Per Share	-$7.429M	$5.500M	-$0.01
COMMON SHARES
Basic Shares Outstanding	3.300M	3.300M shares	3.300M
Diluted Shares Outstanding			3.300M

Balance Sheet

Concept	2016 Q4	2015 Q4	2015
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.270M	$9.000M	$9.000M
YoY Change	-74.78%	343.35%	343.35%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$200.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$4.130M	$9.000M	$9.000M
YoY Change	-54.11%	221.43%	221.43%
LONG-TERM ASSETS
Property, Plant & Equipment	$109.9K	$158.7K
YoY Change	-30.72%	-2.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$730.0K
YoY Change
Other Assets	$3.510M	$3.160M	$3.160M
YoY Change	11.08%	989.66%	989.66%
Total Long-Term Assets	$5.885M	$5.414M	$5.410M
YoY Change	8.69%	36.34%	36.27%
TOTAL ASSETS
Total Short-Term Assets	$4.130M	$9.000M	$9.000M
Total Long-Term Assets	$5.885M	$5.414M	$5.410M
Total Assets	$10.01M	$14.41M	$14.41M
YoY Change	-30.52%	112.87%	112.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$490.0K
YoY Change
Accrued Expenses
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	$490.0K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$5.160M	$7.530M	$7.530M
YoY Change	-31.47%	1.35%
Other Long-Term Liabilities	$110.0K	$620.0K	$620.0K
YoY Change	-82.26%	785.71%	785.71%
Total Long-Term Liabilities	$5.270M	$8.150M	$8.150M
YoY Change	-35.34%	8.67%	11542.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$490.0K
Total Long-Term Liabilities	$5.270M	$8.150M	$8.150M
Total Liabilities	$5.845M	$8.150M	$8.150M
YoY Change	-28.28%	2.9%	2.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.391M	-$20.16K
YoY Change	11760.22%
Common Stock	$6.560M	$6.285M
YoY Change	4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.169M	$6.264M	$6.260M
YoY Change
Total Liabilities & Shareholders Equity	$10.01M	$14.41M	$14.41M
YoY Change	-30.52%	112.87%	112.85%

Cashflow Statement

Concept	2016 Q4	2015 Q4	2015
OPERATING ACTIVITIES
Net Income	-$520.0K	$110.0K	$1.732M
YoY Change	-572.73%	-79.63%	-27.31%
Depreciation, Depletion And Amortization	$70.00K		$0.00
YoY Change			-100.0%
Cash From Operating Activities	-$700.0K	$520.0K	$2.250M
YoY Change	-234.62%	1.96%	-7.02%
INVESTING ACTIVITIES
Capital Expenditures	-$270.0K	-$40.00K	-$40.00K
YoY Change	575.0%		-73.33%
Acquisitions
YoY Change
Other Investing Activities	$490.0K	$70.00K	$980.0K
YoY Change	600.0%	-53.33%	-20.33%
Cash From Investing Activities	$220.0K	$20.00K	$930.0K
YoY Change	1000.0%	-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	-880.0K	6.350M	3.790M
YoY Change	-113.86%	-15975.0%	-269.2%
NET CHANGE
Cash From Operating Activities	-700.0K	520.0K	2.250M
Cash From Investing Activities	220.0K	20.00K	930.0K
Cash From Financing Activities	-880.0K	6.350M	3.790M
Net Change In Cash	-1.360M	6.890M	6.970M
YoY Change	-119.74%	1011.29%	448.82%
FREE CASH FLOW
Cash From Operating Activities	-$700.0K	$520.0K	$2.250M
Capital Expenditures	-$270.0K	-$40.00K	-$40.00K
Free Cash Flow	-$430.0K	$560.0K	$2.290M
YoY Change	-176.79%		-10.89%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	51636
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	3300
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	3300
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	6556704
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3300000
CY2016Q2	dei	Entity Public Float EntityPublicFloat	26961000
CY2015Q4	us-gaap	Cash Cash	8997798
CY2015Q4	lmfa	Finance Receivables Original Product FinanceReceivablesOriginalProduct	1537101
CY2015Q4	lmfa	Finance Receivables Special Product FinanceReceivablesSpecialProduct	715534
CY2015Q4	us-gaap	Due From Related Parties DueFromRelatedParties	406219
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	151362
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	109938
CY2016Q4	us-gaap	Real Estate Investments Other RealEstateInvestmentsOther	734727
CY2015Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	7729605
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	99396
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	197959
CY2015Q4	us-gaap	Notes Payable NotesPayable	7531646
CY2015Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	466783
CY2016Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	77865
CY2015Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	41803
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	112881
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	109729
CY2016Q4	us-gaap	Liabilities Liabilities	5845315
CY2015Q4	us-gaap	Liabilities Liabilities	8149961
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	6281322
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2390546
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-20156
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	4169458
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	6264466
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	10014773
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14414427
CY2016Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	125000
CY2016	lmfa	Rental Revenue RentalRevenue	347040
CY2015	us-gaap	Interest Expense InterestExpense	917485
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	94500
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	10.00
CY2016	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	12.14
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	125000
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	10000000
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	10000000
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3300000
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3300000
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3300000
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3300000
CY2016	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	3640233
CY2015	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	5588697
CY2016	lmfa	Administrative And Late Fees AdministrativeAndLateFees	383773
CY2015	lmfa	Administrative And Late Fees AdministrativeAndLateFees	544067
CY2016	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	143106
CY2015	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	345686
CY2016	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	385683
CY2015	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	302154
CY2015	lmfa	Rental Revenue RentalRevenue	180157
CY2016	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	654750
CY2015	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	805180
CY2016	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1080130
CY2015	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	686721
CY2016	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	499647
CY2015	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	270574
CY2016	us-gaap	Depreciation And Amortization DepreciationAndAmortization	72114
CY2015	us-gaap	Depreciation And Amortization DepreciationAndAmortization	47466
CY2016	lmfa	Collection Cost CollectionCost	292791
CY2015	lmfa	Collection Cost CollectionCost	206998
CY2015	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	125000
CY2015	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	68565
CY2015	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-139865
CY2016	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2370390
CY2015	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-20156
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.72
CY2015	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.72
CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3300000
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3300000
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3300000
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3300000
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1133177
CY2015	us-gaap	Partners Capital Account Redemptions PartnersCapitalAccountRedemptions	1960010
CY2015	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	3940474
CY2015	lmfa	Adjustments To Additional Paid In Capital Deferred Tax Asset AdjustmentsToAdditionalPaidInCapitalDeferredTaxAsset	1974022
CY2015	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	9688196
CY2015	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	250000
CY2015	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	14267
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6264466
CY2016	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	275382
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4169458
CY2016	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	275000
CY2015	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14000
CY2016Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	89000
CY2016	lmfa	Proceeds From Interest On Delinquent Association Fees ProceedsFromInterestOnDelinquentAssociationFees	3577745
CY2015	lmfa	Proceeds From Interest On Delinquent Association Fees ProceedsFromInterestOnDelinquentAssociationFees	5588697
CY2016	us-gaap	Proceeds From Fees Received ProceedsFromFeesReceived	375259
CY2015	us-gaap	Proceeds From Fees Received ProceedsFromFeesReceived	544067
CY2016	lmfa	Proceeds From Recoveries On Collection Of Assessments In Excess Of Cost ProceedsFromRecoveriesOnCollectionOfAssessmentsInExcessOfCost	126818
CY2015	lmfa	Proceeds From Recoveries On Collection Of Assessments In Excess Of Cost ProceedsFromRecoveriesOnCollectionOfAssessmentsInExcessOfCost	345686
CY2016	lmfa	Proceeds From Underwriting And Origination Fees ProceedsFromUnderwritingAndOriginationFees	386657
CY2015	lmfa	Proceeds From Underwriting And Origination Fees ProceedsFromUnderwritingAndOriginationFees	291928
CY2016	us-gaap	Proceeds From Rents Received ProceedsFromRentsReceived	347040
CY2015	us-gaap	Proceeds From Rents Received ProceedsFromRentsReceived	180157
CY2016	us-gaap	Payments To Employees PaymentsToEmployees	2944625
CY2015	us-gaap	Payments To Employees PaymentsToEmployees	1288342
CY2016	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	4725496
CY2015	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	2694649
CY2016	us-gaap	Interest Paid InterestPaid	496037
CY2015	us-gaap	Interest Paid InterestPaid	717305
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-3352639
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	2250239
CY2016	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	267960
CY2015	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	43761
CY2016	us-gaap	Payments To Acquire Held For Sale Real Estate PaymentsToAcquireHeldForSaleRealEstate	98417
CY2015	us-gaap	Payments To Acquire Held For Sale Real Estate PaymentsToAcquireHeldForSaleRealEstate	242610
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	347493
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	934255
CY2015	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	2172626
CY2016	us-gaap	Repayments Of Debt RepaymentsOfDebt	2469331
CY2015	us-gaap	Repayments Of Debt RepaymentsOfDebt	1874959
CY2015	lmfa	Redemption Of Membership Interests RedemptionOfMembershipInterests	1960010
CY2015	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	3904459
CY2015	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	36015
CY2016	lmfa	Advances From Repayment To Related Party AdvancesFromRepaymentToRelatedParty	-1255141
CY2015	lmfa	Advances From Repayment To Related Party AdvancesFromRepaymentToRelatedParty	57681
CY2015	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	9688196
CY2015	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	250000
CY2015	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	107450
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-3724472
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	3785610
CY2016	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-6729618
CY2015	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	6970104
CY2014Q4	us-gaap	Cash Cash	2027694
CY2016	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="margin-bottom:0pt;margin-top:17pt;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’s <font style="font-style:italic;">New Neighbor Guaranty</font> program as disclosed below, the evaluation of probable losses on balances due from a related party, 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>
CY2016Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	735000
CY2015Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	285000
CY2016	us-gaap	Depreciation Depreciation	27000
CY2015	us-gaap	Depreciation Depreciation	0
CY2016Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	15
CY2015Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	11
CY2016	lmfa	Number Of Units In Real Estate Property Capitalized NumberOfUnitsInRealEstatePropertyCapitalized	4
CY2015	lmfa	Number Of Units In Real Estate Property Capitalized NumberOfUnitsInRealEstatePropertyCapitalized	9
CY2016	lmfa	Real Estate Investment Capitalized RealEstateInvestmentCapitalized	57000
CY2015	lmfa	Real Estate Investment Capitalized RealEstateInvestmentCapitalized	237000
CY2016Q4	lmfa	Real Estate Portfolio Number Of Units As Result Of Foreclosure Action RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction	67
CY2015Q4	lmfa	Real Estate Portfolio Number Of Units As Result Of Foreclosure Action RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction	43
CY2016	lmfa	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	4
CY2015	lmfa	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	1
CY2016	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	105000
CY2015	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	10000
CY2016	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0
CY2015	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0
CY2016	lmfa	Cost Recovery From Real Estate Assets Owned Rent Revenue CostRecoveryFromRealEstateAssetsOwnedRentRevenue	128000
CY2016Q4	lmfa	Contingent Obligations ContingentObligations	23000
CY2015Q4	lmfa	Contingent Obligations ContingentObligations	15000
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1622529
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	3637745
CY2016	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2019-07-31
CY2016	lmfa	Lease Contract Beginning Date LeaseContractBeginningDate	2014-03-01
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	6038
CY2016	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	98564
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	354000
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	364000
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	216000
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	934000
CY2016	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	170000
CY2015	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	159000
CY2016	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-1402230
CY2015	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-171007
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-81611
CY2015	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-9953
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P9Y
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0193
CY2015	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.2500
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	94500
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	172504
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	215368
CY2016	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	12.50
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	11.38
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	10.00
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	94500
CY2015	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-180960
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	172882
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	34405
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.3763
CY2016	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1385291
CY2015	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-62733
CY2016	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	48375
CY2015	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	7246
CY2015	lmfa	Income Tax Reconciliation Net Operating Loss Carryforward IncomeTaxReconciliationNetOperatingLossCarryforward	-91068
CY2016	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	25957
CY2015	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.376
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.013
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.043
CY2016	lmfa	Effective Income Tax Rate Reconciliation Net Operating Loss Carry Forward EffectiveIncomeTaxRateReconciliationNetOperatingLossCarryForward	0.000
CY2015	lmfa	Effective Income Tax Rate Reconciliation Net Operating Loss Carry Forward EffectiveIncomeTaxRateReconciliationNetOperatingLossCarryForward	0.546
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	-0.007
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.000
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.356
CY2015	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.879
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Deferred Financing Costs DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts	37403
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	25752
CY2015Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	34280
CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	14710
CY2015Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	7523
CY2016Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	77865
CY2015Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	41803
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1641485
CY2015Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	180960
CY2016Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	108994
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	5369
CY2016Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	96583
CY2015Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	102325
CY2016Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	47038
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	47038
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	30543
CY2016Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3509401
CY2015Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	2162380
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3431536
CY2015Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	2120577
CY2015Q1	us-gaap	Partners Capital Account Redemptions PartnersCapitalAccountRedemptions	2000000
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.21
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	2.36
CY2015Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	209000
CY2016	lmfa	Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized Period For Recognition EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostNotYetRecognizedPeriodForRecognition	2019-04-30
CY2015	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	10.00
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	10.00
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-2370390
CY2015	us-gaap	Net Income Loss NetIncomeLoss	1731777
CY2015	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	139865
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	275380
CY2016	us-gaap	Nonmonetary Transaction Gross Operating Revenue Recognized NonmonetaryTransactionGrossOperatingRevenueRecognized	95033
CY2015	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	200180
CY2016	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	52376
CY2015	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-159326
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	26908
CY2015	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	122062
CY2016	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	3153
CY2015	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-3882

Files In Submission

Name	View Source	Status
0001564590-17-005849-index-headers.html	Edgar Link	pending
0001564590-17-005849-index.html	Edgar Link	pending
0001564590-17-005849.txt	Edgar Link	pending
0001564590-17-005849-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lmfa-10k_20161231.htm	Edgar Link	pending
lmfa-20161231.xml	Edgar Link	completed
lmfa-20161231.xsd	Edgar Link	pending
lmfa-20161231_cal.xml	Edgar Link	unprocessable
lmfa-20161231_def.xml	Edgar Link	unprocessable
lmfa-20161231_lab.xml	Edgar Link	unprocessable
lmfa-20161231_pre.xml	Edgar Link	unprocessable
lmfa-ex211_8.htm	Edgar Link	pending
lmfa-ex311_6.htm	Edgar Link	pending
lmfa-ex312_10.htm	Edgar Link	pending
lmfa-ex321_9.htm	Edgar Link	pending
lmfa-ex322_7.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
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R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LMFA
LM Funding America Inc Stock $lmfa

2016 Q4 Form 10-K Financial Statement

#000156459017005849 Filed on March 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA LM Funding America Inc Stock $lmfa

2016 Q4 Form 10-K Financial Statement

#000156459017005849 Filed on March 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA
LM Funding America Inc Stock $lmfa