$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa

$lmfa Overview Financials Valuation SEC Filings Company Website

2017 Form 10-K Financial Statement

#000156459018008299 Filed on April 17, 2018

Income Statement

Concept	2017	2016 Q4	2016
Revenue	$4.390M	$880.0K	$4.900M
YoY Change	-10.41%	-49.71%	-29.6%
Cost Of Revenue	$2.460M	$520.0K	$2.110M
YoY Change	16.59%	62.5%	157.32%
Gross Profit	$1.930M	$360.0K	$2.790M
YoY Change	-30.82%	-74.83%	-54.56%
Gross Profit Margin	43.96%	40.91%	56.94%
Selling, General & Admin	$762.3K	$820.0K	$1.080M
YoY Change	-29.43%	-254.72%	57.29%
% of Gross Profit	39.5%	227.78%	38.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$46.34K	$70.00K	$27.30K
YoY Change	69.77%
% of Gross Profit	2.4%	19.44%	0.98%
Operating Expenses	$7.864M	$890.0K	$1.080M
YoY Change	628.04%	9.88%	-76.09%
Operating Profit	-$3.472M	-$530.0K	-$3.087M
YoY Change	12.47%	-185.48%	-290.35%
Interest Expense	$614.1K	-$200.0K	$594.6K
YoY Change	3.28%	-42.86%	-35.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$5.196M	-$780.0K	-$3.681M
YoY Change	41.13%	3800.0%	-313.4%
Income Tax	$3.432M	-$260.0K	-$1.311M
% Of Pretax Income
Net Earnings	-$8.627M	-$520.0K	-$2.370M
YoY Change	263.96%	-572.73%	-236.88%
Net Earnings / Revenue	-196.52%	-59.09%	-48.38%
Basic Earnings Per Share	-$25.68		-$0.72
Diluted Earnings Per Share	-$25.68	-$7.429M	-$0.72
COMMON SHARES
Basic Shares Outstanding	336.0K	3.300M	3.300M
Diluted Shares Outstanding	336.0K		3.300M

Balance Sheet

Concept	2017	2016 Q4	2016
SHORT-TERM ASSETS
Cash & Short-Term Investments	$590.0K	$2.270M	$2.270M
YoY Change	-74.01%	-74.78%	-74.78%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$100.0K	$200.0K	$200.0K
YoY Change	-50.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$690.0K	$4.130M	$4.130M
YoY Change	-83.29%	-54.11%	-54.11%
LONG-TERM ASSETS
Property, Plant & Equipment	$70.00K	$109.9K	$110.0K
YoY Change	-36.36%	-30.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$200.0K	$730.0K	$730.0K
YoY Change	-72.6%
Other Assets	$30.00K	$3.510M	$3.510M
YoY Change	-99.15%	11.08%	11.08%
Total Long-Term Assets	$1.280M	$5.885M	$5.880M
YoY Change	-78.23%	8.69%	8.69%
TOTAL ASSETS
Total Short-Term Assets	$690.0K	$4.130M	$4.130M
Total Long-Term Assets	$1.280M	$5.885M	$5.880M
Total Assets	$1.970M	$10.01M	$10.01M
YoY Change	-80.32%	-30.52%	-30.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$480.0K	$490.0K	$490.0K
YoY Change	-2.04%
Accrued Expenses	$510.0K
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	$980.0K	$490.0K	$490.0K
YoY Change	100.0%
LONG-TERM LIABILITIES
Long-Term Debt	$40.00K	$5.160M	$5.160M
YoY Change	-99.22%	-31.47%	-31.47%
Other Long-Term Liabilities	$50.00K	$110.0K	$110.0K
YoY Change	-54.55%	-82.26%	-82.26%
Total Long-Term Liabilities	$90.00K	$5.270M	$5.270M
YoY Change	-98.29%	-35.34%	-35.34%
TOTAL LIABILITIES
Total Short-Term Liabilities	$980.0K	$490.0K	$490.0K
Total Long-Term Liabilities	$90.00K	$5.270M	$5.270M
Total Liabilities	$1.070M	$5.845M	$5.850M
YoY Change	-81.71%	-28.28%	-28.22%
SHAREHOLDERS EQUITY
Retained Earnings		-$2.391M
YoY Change		11760.22%
Common Stock		$6.560M
YoY Change		4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$900.0K	$4.169M	$4.170M
YoY Change
Total Liabilities & Shareholders Equity	$1.970M	$10.01M	$10.01M
YoY Change	-80.32%	-30.52%	-30.53%

Cashflow Statement

Concept	2017	2016 Q4	2016
OPERATING ACTIVITIES
Net Income	-$8.627M	-$520.0K	-$2.370M
YoY Change	263.96%	-572.73%	-236.88%
Depreciation, Depletion And Amortization	$46.34K	$70.00K	$27.30K
YoY Change	69.77%
Cash From Operating Activities	-$1.810M	-$700.0K	-$3.350M
YoY Change	-45.96%	-234.62%	-248.89%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	-$270.0K	-$270.0K
YoY Change	-96.3%	575.0%	575.0%
Acquisitions
YoY Change
Other Investing Activities	$900.0K	$490.0K	$620.0K
YoY Change	45.16%	600.0%	-36.73%
Cash From Investing Activities	$891.7K	$220.0K	$350.0K
YoY Change	154.78%	1000.0%	-62.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-759.0K	-880.0K	-3.720M
YoY Change	-79.6%	-113.86%	-198.15%
NET CHANGE
Cash From Operating Activities	-1.810M	-700.0K	-3.350M
Cash From Investing Activities	891.7K	220.0K	350.0K
Cash From Financing Activities	-759.0K	-880.0K	-3.720M
Net Change In Cash	-1.678M	-1.360M	-6.720M
YoY Change	-75.03%	-119.74%	-196.41%
FREE CASH FLOW
Cash From Operating Activities	-$1.810M	-$700.0K	-$3.350M
Capital Expenditures	-$10.00K	-$270.0K	-$270.0K
Free Cash Flow	-$1.800M	-$430.0K	-$3.080M
YoY Change	-41.54%	-176.79%	-234.5%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6253189
CY2016Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	170774
CY2017Q2	dei	Entity Public Float EntityPublicFloat	13749450
CY2016Q4	us-gaap	Due From Related Parties DueFromRelatedParties	1661360
CY2017	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
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CY2017Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	101339
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	109938
CY2016Q4	us-gaap	Real Estate Investments Other RealEstateInvestmentsOther	734727
CY2017Q4	us-gaap	Other Assets OtherAssets	32964
CY2016Q4	us-gaap	Other Assets OtherAssets	32964
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CY2017Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	39028
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	99396
CY2017Q4	us-gaap	Notes Payable NotesPayable	39028
CY2017Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	505000
CY2016Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	77865
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3300000
CY2016	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1080130
CY2017	us-gaap	Operating Expenses OperatingExpenses	7863732
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	-3471753
CY2017	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-505000
CY2017	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-604779
CY2017	us-gaap	Interest Expense InterestExpense	614111
CY2016	us-gaap	Interest Expense InterestExpense	594600
CY2017	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	1723890
CY2016	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	594600
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5195643
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3681349
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1310959
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CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3359963
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CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	6264466
CY2016	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	275382
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-2370390
CY2017	lmfa	Stock Issued During Period Value For Payment On Promissory Notes Issued In Exchange For Shares Of Common Stock StockIssuedDuringPeriodValueForPaymentOnPromissoryNotesIssuedInExchangeForSharesOfCommonStock	5325639
CY2017	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	29065
CY2017	us-gaap	Net Income Loss NetIncomeLoss	-8627179
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CY2016	us-gaap	Proceeds From Fees Received ProceedsFromFeesReceived	375259
CY2017	lmfa	Proceeds From Recoveries On Collection Of Assessments In Excess Of Cost ProceedsFromRecoveriesOnCollectionOfAssessmentsInExcessOfCost	172884
CY2016	lmfa	Proceeds From Recoveries On Collection Of Assessments In Excess Of Cost ProceedsFromRecoveriesOnCollectionOfAssessmentsInExcessOfCost	126818
CY2017	lmfa	Proceeds From Underwriting And Origination Fees ProceedsFromUnderwritingAndOriginationFees	286435
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CY2017	us-gaap	Proceeds From Rents Received ProceedsFromRentsReceived	737490
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CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	49353
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CY2016Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3509401
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	-3086749
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CY2016	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	385683
CY2017	lmfa	Collection Cost CollectionCost	228763
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CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.72
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CY2017	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	762268
CY2017	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	551708
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CY2016	lmfa	Collection Cost CollectionCost	292791
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CY2017	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	141286
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CY2017	us-gaap	Interest Paid InterestPaid	334130
CY2016	us-gaap	Interest Paid InterestPaid	496037
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2063269
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-3352639
CY2017	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	8673
CY2016	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	267960
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CY2017	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	891740
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	347493
CY2017	us-gaap	Repayments Of Debt RepaymentsOfDebt	759028
CY2016	us-gaap	Repayments Of Debt RepaymentsOfDebt	2469331
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CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-3724472
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CY2016	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-6729618
CY2015Q4	us-gaap	Cash Cash	8997798
CY2016	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	48375
CY2017	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	1754830
CY2017	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>
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CY2017	lmfa	Lease Contract Beginning Date LeaseContractBeginningDate	2014-03-01
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CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	580000
CY2017	lmfa	Sub Lease Annual Rental Income SubLeaseAnnualRentalIncome	71000
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CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.376
CY2017Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	196707
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CY2016	us-gaap	Depreciation Depreciation	27297
CY2017Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3620363
CY2017	lmfa	Purchase Of Insurance Policies PurchaseOfInsurancePolicies	78000
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CY2017Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	2
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CY2016	lmfa	Number Of Units In Real Estate Property Capitalized NumberOfUnitsInRealEstatePropertyCapitalized	4
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CY2017	lmfa	Cost Recovery From Real Estate Assets Owned Rent Revenue CostRecoveryFromRealEstateAssetsOwnedRentRevenue	73000
CY2016	lmfa	Cost Recovery From Real Estate Assets Owned Rent Revenue CostRecoveryFromRealEstateAssetsOwnedRentRevenue	128000
CY2017Q4	lmfa	Contingent Obligations ContingentObligations	23000
CY2016Q4	lmfa	Contingent Obligations ContingentObligations	23000
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	39028
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1955120
CY2017	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	11464
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.29
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	2.36
CY2017	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	29000
CY2016	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	275000
CY2017Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	37000
CY2016Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	89000
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	0
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	0
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0227
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.5000
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	215368
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	25000
CY2017	lmfa	Share Based Compensation Arrangement By Share Based Payment Award Options Adjustments In Period Adjustment ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdjustmentsInPeriodAdjustment	7936
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	135400
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	62904
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	30543
CY2017Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3645155
CY2016Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3509401
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3431536
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	11.38
CY2017	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	12.50
CY2017	lmfa	Share Based Compensation Arrangements By Share Based Payment Award Options Adjustments In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAdjustmentsInPeriodWeightedAverageExercisePrice	12.50
CY2017	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	12.50
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	11.11
CY2017	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	3620363
CY2016	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	25957
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.376
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.002
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.013
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.338
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	0.000
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.697
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.000
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.000
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.007
CY2017	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.661
CY2016	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.370
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Deferred Financing Costs DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts	37403.00
CY2017Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	15871
CY2016Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	25752
CY2017Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	8921
CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	14710
CY2017Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	24792
CY2016Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	77865
CY2017Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2393172
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1641485
CY2017Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	80778
CY2016Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	108994
CY2017Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	63890
CY2016Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	96583
CY2017Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	62154
CY2016Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	47038
CY2017Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	20571
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	10.33
CY2016	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	52376
CY2017	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-15735
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	26908
CY2017	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-10814
CY2016	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	3153
CY2017Q4	lmfa	Cumulative Operating Losses CumulativeOperatingLosses	11000000
CY2017Q4	dei	Entity Number Of Employees EntityNumberOfEmployees	19
CY2017Q4	lmfa	Potential Common Stock Issuable Amount PotentialCommonStockIssuableAmount	5000000
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
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	51636
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
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 Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	10.00
CY2017	us-gaap	Share Based Compensation ShareBasedCompensation	29065
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	275380
CY2016	us-gaap	Nonmonetary Transaction Gross Operating Revenue Recognized NonmonetaryTransactionGrossOperatingRevenueRecognized	95033
CY2017	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	99396
CY2017	us-gaap	Paid In Kind Interest PaidInKindInterest	180585
CY2017	lmfa	Credit Loss Reserves Net CreditLossReservesNet	88571
CY2017	lmfa	Write Off Of Deferred Tax Asset Net WriteOffOfDeferredTaxAssetNet	3431536
CY2016	lmfa	Write Off Of Deferred Tax Asset Net WriteOffOfDeferredTaxAssetNet	-1310959
CY2017	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-147491

Files In Submission

Name	View Source	Status
0001564590-18-008299-index-headers.html	Edgar Link	pending
0001564590-18-008299-index.html	Edgar Link	pending
0001564590-18-008299.txt	Edgar Link	pending
0001564590-18-008299-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lmfa-10k_20171231.htm	Edgar Link	pending
lmfa-20171231.xml	Edgar Link	completed
lmfa-20171231.xsd	Edgar Link	pending
lmfa-20171231_cal.xml	Edgar Link	unprocessable
lmfa-20171231_def.xml	Edgar Link	unprocessable
lmfa-20171231_lab.xml	Edgar Link	unprocessable
lmfa-20171231_pre.xml	Edgar Link	unprocessable
lmfa-ex211_9.htm	Edgar Link	pending
lmfa-ex311_10.htm	Edgar Link	pending
lmfa-ex312_7.htm	Edgar Link	pending
lmfa-ex321_8.htm	Edgar Link	pending
lmfa-ex322_6.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
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R54.htm	Edgar Link	pending
R55.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

2017 Form 10-K Financial Statement

#000156459018008299 Filed on April 17, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA LM FUNDING AMERICA, INC. Stock $lmfa

2017 Form 10-K Financial Statement

#000156459018008299 Filed on April 17, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa