$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa

$lmfa Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-K Financial Statement

#000156459019011743 Filed on April 16, 2019

Income Statement

Concept	2017 Q4	2017	2016 Q4
Revenue	$1.350M	$4.390M	$880.0K
YoY Change	53.41%	-10.41%	-49.71%
Cost Of Revenue	$820.0K	$2.460M	$520.0K
YoY Change	57.69%	16.59%	62.5%
Gross Profit	$530.0K	$1.930M	$360.0K
YoY Change	47.22%	-30.82%	-74.83%
Gross Profit Margin	39.26%	43.96%	40.91%
Selling, General & Admin	$2.160M	$762.3K	$820.0K
YoY Change	163.41%	-29.43%	-254.72%
% of Gross Profit	407.55%	39.5%	227.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$40.00K	$46.34K	$70.00K
YoY Change	-42.86%	69.77%
% of Gross Profit	7.55%	2.4%	19.44%
Operating Expenses	$2.390M	$7.864M	$890.0K
YoY Change	168.54%	628.04%	9.88%
Operating Profit	-$1.860M	-$3.472M	-$530.0K
YoY Change	250.94%	12.47%	-185.48%
Interest Expense	-$240.0K	$614.1K	-$200.0K
YoY Change	20.0%	3.28%	-42.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$2.730M	-$5.196M	-$780.0K
YoY Change	250.0%	41.13%	3800.0%
Income Tax	$0.00	$3.432M	-$260.0K
% Of Pretax Income
Net Earnings	-$2.730M	-$8.627M	-$520.0K
YoY Change	425.0%	263.96%	-572.73%
Net Earnings / Revenue	-202.22%	-196.52%	-59.09%
Basic Earnings Per Share		-$25.68
Diluted Earnings Per Share	-$39.00M	-$25.68	-$7.429M
COMMON SHARES
Basic Shares Outstanding		336.0K	3.300M
Diluted Shares Outstanding		336.0K

Balance Sheet

Concept	2017 Q4	2017	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$590.0K	$590.0K	$2.270M
YoY Change	-74.01%	-74.01%	-74.78%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$100.0K	$100.0K	$200.0K
YoY Change	-50.0%	-50.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$690.0K	$690.0K	$4.130M
YoY Change	-83.29%	-83.29%	-54.11%
LONG-TERM ASSETS
Property, Plant & Equipment	$69.51K	$70.00K	$109.9K
YoY Change	-36.78%	-36.36%	-30.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$200.0K	$200.0K	$730.0K
YoY Change	-72.6%	-72.6%
Other Assets	$30.00K	$30.00K	$3.510M
YoY Change	-99.15%	-99.15%	11.08%
Total Long-Term Assets	$1.278M	$1.280M	$5.885M
YoY Change	-78.28%	-78.23%	8.69%
TOTAL ASSETS
Total Short-Term Assets	$690.0K	$690.0K	$4.130M
Total Long-Term Assets	$1.278M	$1.280M	$5.885M
Total Assets	$1.968M	$1.970M	$10.01M
YoY Change	-80.35%	-80.32%	-30.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$480.0K	$480.0K	$490.0K
YoY Change	-2.04%	-2.04%
Accrued Expenses	$510.0K	$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	$980.0K	$490.0K
YoY Change	100.0%	100.0%
LONG-TERM LIABILITIES
Long-Term Debt	$40.00K	$40.00K	$5.160M
YoY Change	-99.22%	-99.22%	-31.47%
Other Long-Term Liabilities	$50.00K	$50.00K	$110.0K
YoY Change	-54.55%	-54.55%	-82.26%
Total Long-Term Liabilities	$90.00K	$90.00K	$5.270M
YoY Change	-98.29%	-98.29%	-35.34%
TOTAL LIABILITIES
Total Short-Term Liabilities	$980.0K	$980.0K	$490.0K
Total Long-Term Liabilities	$90.00K	$90.00K	$5.270M
Total Liabilities	$1.071M	$1.070M	$5.845M
YoY Change	-81.67%	-81.71%	-28.28%
SHAREHOLDERS EQUITY
Retained Earnings	-$11.02M		-$2.391M
YoY Change	360.89%		11760.22%
Common Stock	$11.91M		$6.560M
YoY Change	81.63%		4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$897.0K	$900.0K	$4.169M
YoY Change
Total Liabilities & Shareholders Equity	$1.968M	$1.970M	$10.01M
YoY Change	-80.35%	-80.32%	-30.52%

Cashflow Statement

Concept	2017 Q4	2017	2016 Q4
OPERATING ACTIVITIES
Net Income	-$2.730M	-$8.627M	-$520.0K
YoY Change	425.0%	263.96%	-572.73%
Depreciation, Depletion And Amortization	$40.00K	$46.34K	$70.00K
YoY Change	-42.86%	69.77%
Cash From Operating Activities	-$90.00K	-$1.810M	-$700.0K
YoY Change	-87.14%	-45.96%	-234.62%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	-$10.00K	-$270.0K
YoY Change	-96.3%	-96.3%	575.0%
Acquisitions
YoY Change
Other Investing Activities	$270.0K	$900.0K	$490.0K
YoY Change	-44.9%	45.16%	600.0%
Cash From Investing Activities	$260.0K	$891.7K	$220.0K
YoY Change	18.18%	154.78%	1000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-190.0K	-759.0K	-880.0K
YoY Change	-78.41%	-79.6%	-113.86%
NET CHANGE
Cash From Operating Activities	-90.00K	-1.810M	-700.0K
Cash From Investing Activities	260.0K	891.7K	220.0K
Cash From Financing Activities	-190.0K	-759.0K	-880.0K
Net Change In Cash	-20.00K	-1.678M	-1.360M
YoY Change	-98.53%	-75.03%	-119.74%
FREE CASH FLOW
Cash From Operating Activities	-$90.00K	-$1.810M	-$700.0K
Capital Expenditures	-$10.00K	-$10.00K	-$270.0K
Free Cash Flow	-$80.00K	-$1.800M	-$430.0K
YoY Change	-81.4%	-41.54%	-176.79%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2018Q4	us-gaap	Cash Cash	3520753
CY2017Q4	us-gaap	Cash Cash	590394
CY2018Q4	lmfa	Finance Receivables Original Product FinanceReceivablesOriginalProduct	425012
CY2017Q4	lmfa	Finance Receivables Original Product FinanceReceivablesOriginalProduct	637937
CY2018Q4	lmfa	Finance Receivables Special Product FinanceReceivablesSpecialProduct	237043
CY2017Q4	lmfa	Finance Receivables Special Product FinanceReceivablesSpecialProduct	339471
CY2018Q4	us-gaap	Due From Related Parties DueFromRelatedParties	25507
CY2018Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	155420
CY2018Q2	dei	Entity Public Float EntityPublicFloat	1718000
CY2018	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2018	dei	Entity Small Business EntitySmallBusiness	true
CY2018	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2017Q4	us-gaap	Notes Payable NotesPayable	39028
CY2017Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	477953
CY2017	us-gaap	Profit Loss ProfitLoss	-8627179
CY2018	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-389599
CY2017Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	101339
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	69505
CY2017Q4	us-gaap	Real Estate Investments Other RealEstateInvestmentsOther	196707
CY2018Q4	us-gaap	Other Assets OtherAssets	32036
CY2017Q4	us-gaap	Other Assets OtherAssets	32964
CY2018Q4	us-gaap	Other Investments OtherInvestments	1507375
CY2018Q4	us-gaap	Assets Assets	6059568
CY2017Q4	us-gaap	Assets Assets	1968317
CY2017Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	505000
CY2017	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	141286
CY2018	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	405000
CY2017	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-505000
CY2017	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-604779
CY2018	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	59811
CY2017	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	1723890
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-472159
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3431536
CY2017	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8627179
CY2017	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-25.68
CY2017	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-25.68
CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	335997
CY2017	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	335997
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	4169458
CY2017	us-gaap	Interest Paid Net InterestPaidNet	334962
CY2018	us-gaap	Interest Paid Net InterestPaidNet	29401
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1143120
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	-3471753
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5195643
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
CY2018	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	5206273
CY2018	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	24770
CY2018	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	154676
CY2018	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	1894
CY2018	us-gaap	Net Income Loss NetIncomeLoss	-472159
CY2018	us-gaap	Profit Loss ProfitLoss	-472159
CY2018	lmfa	Warrants Issued With Debt Amortization WarrantsIssuedWithDebtAmortization	154676
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
CY2018	us-gaap	Investment Income Interest InvestmentIncomeInterest	7375
CY2018	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-31517
CY2017	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-147491
CY2017	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-15735
CY2018	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-29663
CY2017	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-10814
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1810498
CY2017	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	8673
CY2018	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	1500000
CY2018	lmfa	Proceeds From Payments For Real Estate Assets Owned ProceedsFromPaymentsForRealEstateAssetsOwned	41527
CY2017	lmfa	Proceeds From Payments For Real Estate Assets Owned ProceedsFromPaymentsForRealEstateAssetsOwned	491677
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	891740
CY2018	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5206273
CY2018	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	291760
CY2018	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1894
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4831796
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-759028
CY2018	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	2930359
CY2017	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-1677786
CY2016Q4	us-gaap	Cash Cash	2268180
CY2018	lmfa	Noncash Investing And Financing Activities Debt Discount On Issuance Of Warrants NoncashInvestingAndFinancingActivitiesDebtDiscountOnIssuanceOfWarrants	154676
CY2018	lmfa	Noncash Investing And Financing Activities Insurance Financing NoncashInvestingAndFinancingActivitiesInsuranceFinancing	84670
CY2017	lmfa	Noncash Investing And Financing Activities Insurance Financing NoncashInvestingAndFinancingActivitiesInsuranceFinancing	78056
CY2018	us-gaap	Use Of Estimates UseOfEstimates	<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>
CY2017Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	63890
CY2018Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	122604
CY2017Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	196707
CY2018	us-gaap	Depreciation Depreciation	45577
CY2017	us-gaap	Depreciation Depreciation	46342
CY2017Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3620363
CY2018Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3203607
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2500000
CY2018	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	one-for-ten
CY2018Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	625318
CY2018	lmfa	Purchase Of Insurance Policies PurchaseOfInsurancePolicies	85000
CY2017	lmfa	Purchase Of Insurance Policies PurchaseOfInsurancePolicies	78000
CY2018Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	1
CY2017Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	2
CY2018	lmfa	Number Of Units In Real Estate Property Capitalized NumberOfUnitsInRealEstatePropertyCapitalized	0
CY2017	lmfa	Number Of Units In Real Estate Property Capitalized NumberOfUnitsInRealEstatePropertyCapitalized	1
CY2018	lmfa	Real Estate Investment Capitalized RealEstateInvestmentCapitalized	0
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.002
CY2018	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 Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.338
CY2018	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.88
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.697
CY2018	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.000
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.000
CY2018	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.00
CY2017	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.661
CY2017	lmfa	Real Estate Investment Capitalized RealEstateInvestmentCapitalized	0
CY2018Q4	lmfa	Real Estate Portfolio Number Of Units As Result Of Foreclosure Action RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction	20
CY2017Q4	lmfa	Real Estate Portfolio Number Of Units As Result Of Foreclosure Action RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction	66
CY2018	lmfa	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	27
CY2017	lmfa	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	18
CY2018	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	196000
CY2017	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	797000
CY2018	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0
CY2017	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0
CY2018	lmfa	Rental Income From Real Estate RentalIncomeFromRealEstate	513000
CY2017	lmfa	Rental Income From Real Estate RentalIncomeFromRealEstate	737000
CY2018	lmfa	Cost Recovery From Real Estate Assets Owned Rent Revenue CostRecoveryFromRealEstateAssetsOwnedRentRevenue	10000
CY2017	lmfa	Cost Recovery From Real Estate Assets Owned Rent Revenue CostRecoveryFromRealEstateAssetsOwnedRentRevenue	73000
CY2018Q4	lmfa	Contingent Obligations ContingentObligations	9000
CY2017Q4	lmfa	Contingent Obligations ContingentObligations	23000
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	42875
CY2018Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	42875
CY2018	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2019-07-31
CY2018	lmfa	Lease Contract Beginning Date LeaseContractBeginningDate	2014-03-01
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	202051
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	202051
CY2018	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	108000
CY2017	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	161000
CY2018	us-gaap	Litigation Settlement Amount Awarded To Other Party LitigationSettlementAmountAwardedToOtherParty	99000
CY2018Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	100000
CY2018	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-222603
CY2017	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-1690948
CY2018	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-46058
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-220735
CY2018	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-268661
CY2017	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-1911683
CY2018	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	685416
CY2017	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-31974
CY2017	us-gaap	Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability	1754830
CY2018	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	416755
CY2017	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-3620363
CY2018	lmfa	Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate	0.253
CY2017	lmfa	Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate	0.376
CY2018	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	413361
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1955121
CY2018	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	3394
CY2017	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	11464
CY2017	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	1754830
CY2018	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-416755
CY2017	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	3620363
CY2018	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.875
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.376
CY2018	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.007
CY2018Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	41849
CY2018Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	9976
CY2017Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Software DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware	15871
CY2018Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4975
CY2017Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	8921
CY2018Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	14951
CY2017Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	24792
CY2018Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2156428
CY2017Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2393172
CY2018Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	87056
CY2017Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	80778
CY2018Q4	lmfa	Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest	59243
CY2017	lmfa	Share Based Compensation Arrangements By Share Based Payment Award Options Adjustments In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAdjustmentsInPeriodWeightedAverageExercisePrice	125.00
CY2017Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses	62154
CY2018Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	20572
CY2017Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	20571
CY2018Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3218558
CY2017Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3645155
CY2018Q4	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	one-for-ten
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6253189
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	625319
CY2018Q4	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	357
CY2018Q4	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	1894
CY2018Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	2500000
CY2018Q4	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5200000
CY2018Q4	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	200000
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	4.68
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	2.90
CY2018	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	25000
CY2017	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	29000
CY2018Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	32000
CY2017Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	37000
CY2018	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y
CY2018Q4	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
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0265
CY2018	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.0800
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
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	11290
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	10000
CY2018	lmfa	Share Based Compensation Arrangement By Share Based Payment Award Options Adjustments In Period Adjustment ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdjustmentsInPeriodAdjustment	1010
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	3000
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	19300
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	6630
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	11.11
CY2018	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	10.00
CY2018	lmfa	Share Based Compensation Arrangements By Share Based Payment Award Options Adjustments In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAdjustmentsInPeriodWeightedAverageExercisePrice	125.00
CY2018	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	120.83
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	57.91
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	105.68
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	21537
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	2500
CY2017	lmfa	Share Based Compensation Arrangement By Share Based Payment Award Options Adjustments In Period Adjustment ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdjustmentsInPeriodAdjustment	793
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	13540
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	6290
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	113.80
CY2017	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	125.00
CY2017	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	125.00
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	103.30
CY2018Q4	lmfa	Cumulative Operating Losses CumulativeOperatingLosses	11490000
CY2018Q4	lmfa	Net Proceeds From Issuance On Secondary Public Offering NetProceedsFromIssuanceOnSecondaryPublicOffering	5400000

Files In Submission

Name	View Source	Status
0001564590-19-011743-index-headers.html	Edgar Link	pending
0001564590-19-011743-index.html	Edgar Link	pending
0001564590-19-011743.txt	Edgar Link	pending
0001564590-19-011743-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lmfa-10k_20181231.htm	Edgar Link	pending
lmfa-20181231.xml	Edgar Link	completed
lmfa-20181231.xsd	Edgar Link	pending
lmfa-20181231_cal.xml	Edgar Link	unprocessable
lmfa-20181231_def.xml	Edgar Link	unprocessable
lmfa-20181231_lab.xml	Edgar Link	unprocessable
lmfa-20181231_pre.xml	Edgar Link	unprocessable
lmfa-ex1045_209.htm	Edgar Link	pending
lmfa-ex1046_210.htm	Edgar Link	pending
lmfa-ex1047_211.htm	Edgar Link	pending
lmfa-ex211_6.htm	Edgar Link	pending
lmfa-ex311_9.htm	Edgar Link	pending
lmfa-ex312_7.htm	Edgar Link	pending
lmfa-ex321_10.htm	Edgar Link	pending
lmfa-ex322_8.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
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
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

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa

2017 Q4 Form 10-K Financial Statement

#000156459019011743 Filed on April 16, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA LM FUNDING AMERICA, INC. Stock $lmfa

2017 Q4 Form 10-K Financial Statement

#000156459019011743 Filed on April 16, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa