$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa

$lmfa Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000156459019043542 Filed on November 14, 2019

Income Statement

Concept	2019 Q3	2018 Q3	2018 Q2
Revenue	$773.7K	$781.5K	$878.0K
YoY Change	-0.99%	-24.85%	-10.19%
Cost Of Revenue	$380.0K	$430.0K	$120.0K
YoY Change	-11.63%	-18.87%	-79.66%
Gross Profit	$170.0K	$350.0K	$760.0K
YoY Change	-51.43%	-31.37%	100.0%
Gross Profit Margin	21.97%	44.79%	86.56%
Selling, General & Admin	$102.0K	$71.86K	$79.67K
YoY Change	41.97%	-91.55%	-61.55%
% of Gross Profit	60.02%	20.53%	10.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.385K	$5.858K	$11.32K
YoY Change	-8.07%	-26.78%	-44.93%
% of Gross Profit	3.17%	1.67%	1.49%
Operating Expenses	$919.1K	$990.9K	$733.2K
YoY Change	-7.24%	15.22%	-54.5%
Operating Profit	-$366.5K	-$209.4K	$144.8K
YoY Change	75.0%	-40.17%	-122.85%
Interest Expense	$39.61K	$377.4K	$94.58K
YoY Change	-89.51%	-414.49%	-24.95%
% of Operating Profit			65.31%
Other Income/Expense, Net
YoY Change
Pretax Income	-$383.2K	-$586.8K	$455.2K
YoY Change	-34.7%	2.95%	-135.99%
Income Tax		$0.00	$0.00
% Of Pretax Income			0.0%
Net Earnings	-$279.6K	-$586.8K	$455.2K
YoY Change	-52.34%	-87.51%	-157.3%
Net Earnings / Revenue	-36.14%	-75.09%	51.85%
Basic Earnings Per Share	-$0.09	-$0.94	$0.73
Diluted Earnings Per Share	-$0.09	-$0.94	$0.73
COMMON SHARES
Basic Shares Outstanding	3.134M	625.3K	625.3K
Diluted Shares Outstanding	3.134M	625.3K	625.3K

Balance Sheet

Concept	2019 Q3	2018 Q3	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.830M	$930.0K	$1.200M
YoY Change	204.3%	55.0%	46.34%
Cash & Equivalents	$2.826M
Short-Term Investments
Other Short-Term Assets	$240.0K	$230.0K	$240.0K
YoY Change	4.35%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$3.100M	$1.160M	$1.440M
YoY Change	167.24%	-48.67%	-42.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$42.46K	$42.81K	$50.00K
YoY Change	-0.82%	-48.94%	-46.19%
Goodwill	$5.690M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$30.00K	$120.0K	$140.0K
YoY Change	-75.0%
Other Assets	$10.00K	$30.00K	$30.00K
YoY Change	-66.67%	-95.38%	-99.41%
Total Long-Term Assets	$6.508M	$931.4K	$1.000M
YoY Change	598.76%	-50.19%	-84.52%
TOTAL ASSETS
Total Short-Term Assets	$3.100M	$1.160M	$1.440M
Total Long-Term Assets	$6.508M	$931.4K	$1.000M
Total Assets	$9.608M	$2.091M	$2.440M
YoY Change	359.42%	-49.36%	-72.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$360.0K	$50.00K	$70.00K
YoY Change	620.0%
Accrued Expenses	$290.0K	$0.00	$100.0K
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	$650.0K	$570.0K	$470.0K
YoY Change	14.04%
LONG-TERM LIABILITIES
Long-Term Debt	$4.210M	$570.0K	$430.0K
YoY Change	638.6%	-88.03%	-91.28%
Other Long-Term Liabilities	$80.00K	$30.00K	$30.00K
YoY Change	166.67%	-97.25%	-97.14%
Total Long-Term Liabilities	$4.290M	$600.0K	$460.0K
YoY Change	615.0%	-89.74%	-92.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$650.0K	$570.0K	$470.0K
Total Long-Term Liabilities	$4.290M	$600.0K	$460.0K
Total Liabilities	$4.954M	$1.164M	$930.0K
YoY Change	325.62%	-80.07%	-84.44%
SHAREHOLDERS EQUITY
Retained Earnings	-$12.68M	-$11.16M
YoY Change	13.61%
Common Stock	$17.33M	$12.09M
YoY Change	43.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.654M	$927.4K	$1.506M
YoY Change
Total Liabilities & Shareholders Equity	$9.608M	$2.091M	$2.440M
YoY Change	359.42%	-49.36%	-72.8%

Cashflow Statement

Concept	2019 Q3	2018 Q3	2018 Q2
OPERATING ACTIVITIES
Net Income	-$279.6K	-$586.8K	$455.2K
YoY Change	-52.34%	-87.51%	-157.3%
Depreciation, Depletion And Amortization	$5.385K	$5.858K	$11.32K
YoY Change	-8.07%	-26.78%	-44.93%
Cash From Operating Activities	-$250.0K	-$460.0K	$140.0K
YoY Change	-45.65%	48.39%	-122.58%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$50.00K	$50.00K	$180.0K
YoY Change	0.0%	-82.14%	-28.0%
Cash From Investing Activities	$40.00K	$50.00K	$180.0K
YoY Change	-20.0%	-82.14%	-28.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-50.00K	-30.00K	430.0K
YoY Change	66.67%	-84.21%	-315.0%
NET CHANGE
Cash From Operating Activities	-250.0K	-460.0K	140.0K
Cash From Investing Activities	40.00K	50.00K	180.0K
Cash From Financing Activities	-50.00K	-30.00K	430.0K
Net Change In Cash	-260.0K	-440.0K	750.0K
YoY Change	-40.91%	100.0%	-231.58%
FREE CASH FLOW
Cash From Operating Activities	-$250.0K	-$460.0K	$140.0K
Capital Expenditures	-$10.00K	$0.00	$0.00
Free Cash Flow	-$240.0K	-$460.0K	$140.0K
YoY Change	-47.83%	48.39%	-122.58%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2019Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	244466
CY2018Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	155420
CY2019Q3	us-gaap	Due From Related Parties DueFromRelatedParties	26681
CY2018Q4	us-gaap	Due From Related Parties DueFromRelatedParties	25507
CY2019Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	42464
CY2018Q4	us-gaap	Other Investments OtherInvestments	1507375
CY2019Q3	us-gaap	Goodwill Goodwill	5689586
CY2019Q3	us-gaap	Other Assets OtherAssets	10220
CY2018Q4	us-gaap	Other Assets OtherAssets	32036
CY2019Q3	us-gaap	Assets Assets	9608174
CY2018Q4	us-gaap	Assets Assets	6059568
CY2019Q3	us-gaap	Long Term Debt LongTermDebt	746787
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	42875
CY2019Q3	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	3461782
CY2019Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	287182
CY2019Q3	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	361760
CY2018Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	188354
CY2019Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	14226
CY2019Q3	us-gaap	Other Liabilities OtherLiabilities	82270
CY2018Q4	us-gaap	Other Liabilities OtherLiabilities	19690
CY2019Q3	us-gaap	Liabilities Liabilities	4954007
CY2018Q4	us-gaap	Liabilities Liabilities	250919
CY2019Q3	us-gaap	Common Stock Value CommonStockValue	3134
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	3125
CY2019Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	17328085
CY2018Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	17295408
CY2019Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12677052
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-11489884
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33818
CY2019Q3	us-gaap	Real Estate Investments Other RealEstateInvestmentsOther	25173
CY2018Q4	us-gaap	Real Estate Investments Other RealEstateInvestmentsOther	122604
CY2019Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	284936
CY2018Q3	us-gaap	Profit Loss ProfitLoss	-586804
CY2019Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3134160
	us-gaap	Operating Expenses OperatingExpenses	2696748
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-246463
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-209417
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1187168
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.22
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.94
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.38
	us-gaap	Operating Expenses OperatingExpenses	3459979
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-140482
	us-gaap	Operating Income Loss OperatingIncomeLoss	-73519
CY2018Q3	us-gaap	Professional Fees ProfessionalFees	432265
CY2019Q3	us-gaap	Professional Fees ProfessionalFees	387508
	us-gaap	Professional Fees ProfessionalFees	1538043
CY2019Q3	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	8825
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	581
	us-gaap	Revenues Revenues	2623229
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	3500
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-457018
CY2019Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	3431
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-450503
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	4930379
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	55195
CY2018Q3	lmfa	Collection Cost CollectionCost	8797
	lmfa	Collection Cost CollectionCost	-17275
CY2019Q3	us-gaap	Interest Expense InterestExpense	39605
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	4654167
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	5808649
CY2019Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9608174
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6059568
CY2019Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2019Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	30000000
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	30000000
	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	38846
CY2019Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	139364
CY2019Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3134261
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3124961
CY2019Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3134261
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3124961
CY2019Q3	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	348451
CY2018Q3	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	459505
	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	1226464
	lmfa	Interest On Delinquent Association Fees InterestOnDelinquentAssociationFees	1574960
CY2019Q3	lmfa	Administrative And Late Fees AdministrativeAndLateFees	33690
CY2018Q3	lmfa	Administrative And Late Fees AdministrativeAndLateFees	59517
	lmfa	Administrative And Late Fees AdministrativeAndLateFees	116497
	lmfa	Administrative And Late Fees AdministrativeAndLateFees	178146
CY2019Q3	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	18356
CY2018Q3	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	31446
	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	44628
	lmfa	Recoveries On Collection Of Assessments In Excess Of Cost RecoveriesOnCollectionOfAssessmentsInExcessOfCost	90546
CY2019Q3	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	49242
CY2018Q3	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	79838
	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	164757
	lmfa	Underwriting Fees And Other Revenues UnderwritingFeesAndOtherRevenues	188024
CY2019Q3	us-gaap	Brokerage Commissions Revenue BrokerageCommissionsRevenue	221085
	us-gaap	Brokerage Commissions Revenue BrokerageCommissionsRevenue	501244
CY2019Q3	lmfa	Rental Revenue RentalRevenue	102924
CY2018Q3	lmfa	Rental Revenue RentalRevenue	151204
	lmfa	Rental Revenue RentalRevenue	322878
	lmfa	Rental Revenue RentalRevenue	591553
CY2019Q3	us-gaap	Revenues Revenues	773748
CY2018Q3	us-gaap	Revenues Revenues	781510
	us-gaap	Revenues Revenues	2376468
	us-gaap	Professional Fees ProfessionalFees	888949
CY2018Q3	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	11731
	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	49003
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	71864
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	376997
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	224079
CY2019Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	7641
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	266
CY2019Q3	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	84362
CY2018Q3	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	178372
	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	381796
	lmfa	Real Estate Management And Disposal RealEstateManagementAndDisposal	460312
CY2019Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	20110
CY2018Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	10884
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	60012
CY2019Q3	lmfa	Collection Cost CollectionCost	-3974
	lmfa	Collection Cost CollectionCost	38959
CY2019Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	6931
CY2018Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3614
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	37618
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	15493
CY2019Q3	us-gaap	Operating Expenses OperatingExpenses	1020211
CY2018Q3	us-gaap	Operating Expenses OperatingExpenses	990927
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1083511
CY2018Q3	us-gaap	Interest Expense InterestExpense	377387
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	625318
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3133495
	us-gaap	Interest Expense InterestExpense	110078
	us-gaap	Interest Expense InterestExpense	471963
CY2019Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	6421
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	6421
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	405000
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-279647
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-586804
CY2019Q3	us-gaap	Profit Loss ProfitLoss	-279647
	us-gaap	Profit Loss ProfitLoss	-1187168
	us-gaap	Profit Loss ProfitLoss	-140482
CY2019Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.09
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.94
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.38
CY2019Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.09
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.22
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	625318
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3133495
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	625318
CY2019Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3134160
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	625318
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	51990
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	55195
	lmfa	Right To Use Asset Depreciation RightToUseAssetDepreciation	27133
	us-gaap	Share Based Compensation ShareBasedCompensation	10366
	us-gaap	Share Based Compensation ShareBasedCompensation	16270
	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	1421
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	5000
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	291760
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-79996
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	44686
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	91929
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-257580
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-1174
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	46010
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	62580
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-21403
	us-gaap	Operating Lease Payments OperatingLeasePayments	23466
	lmfa	Increase Decrease In Deferred Taxes IncreaseDecreaseInDeferredTaxes	-14200
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-908435
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-459916
	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	51327
	lmfa	Proceeds From Payments For Real Estate Assets Owned ProceedsFromPaymentsForRealEstateAssetsOwned	80076
	lmfa	Proceeds From Payments For Real Estate Assets Owned ProceedsFromPaymentsForRealEstateAssetsOwned	43619
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	13299
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	5000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	326919
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	292185
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	500000
	us-gaap	Repayments Of Debt RepaymentsOfDebt	135149
	us-gaap	Repayments Of Debt RepaymentsOfDebt	56430
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	22320
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	91760
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-112829
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	351810
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-694345
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	184079
CY2017Q4	us-gaap	Cash Cash	590394
CY2018Q3	us-gaap	Cash Cash	774473
	us-gaap	Interest Paid Net InterestPaidNet	31936
	us-gaap	Interest Paid Net InterestPaidNet	221359
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	5377451
	lmfa	Financing Loan For Purchase Of Fixed Asset FinancingLoanForPurchaseOfFixedAsset	12892
	lmfa	Noncash Investing And Financing Activities Insurance Financing NoncashInvestingAndFinancingActivitiesInsuranceFinancing	127490
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	331477
	lmfa	Noncash Investing And Financing Activities Insurance Financing NoncashInvestingAndFinancingActivitiesInsuranceFinancing	87012
	lmfa	Noncash Investing And Financing Activities Debt Discount On Issuance Of Warrants NoncashInvestingAndFinancingActivitiesDebtDiscountOnIssuanceOfWarrants	154676
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	896983
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	-540
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-8918
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	887525
CY2018Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	8309
CY2018Q2	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	154676
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	455240
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	1505750
CY2018Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	8501
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	-586804
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	927447
CY2019Q1	lmfa	Stock Issued During Period Value Warrants Exercised For Cash StockIssuedDuringPeriodValueWarrantsExercisedForCash	22320
CY2019Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	3435
	us-gaap	Use Of Estimates UseOfEstimates	<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of Estimates</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the evaluation of any probable losses on amounts funded under the Company’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> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p>
CY2019Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0655
	lmfa	Right Of Use Asset Obtained In Exchange For Operating Lease Liability Cancelled RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityCancelled	26685
	lmfa	Right Of Use Asset Obtained In Exchange For Operating Lease Liability1 RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability1	304792
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	66984
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	287182
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	22317
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	94235
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	103646
	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	51080
	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	14105
CY2019Q3	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	25173
CY2018Q4	lmfa	Capitalized Real Estate Costs Accumulated Depreciation Net CapitalizedRealEstateCostsAccumulatedDepreciationNet	122604
CY2019Q3	us-gaap	Depreciation Depreciation	5385
	us-gaap	Depreciation Depreciation	17354
CY2018Q3	us-gaap	Depreciation Depreciation	5858
	us-gaap	Depreciation Depreciation	28503
CY2018Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3204036
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2500000
	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
CY2019Q3	us-gaap	Notes Payable NotesPayable	4208569
CY2018Q4	us-gaap	Notes Payable NotesPayable	42875
CY2018Q4	lmfa	Cumulative Operating Losses CumulativeOperatingLosses	12677000
	lmfa	Net Cash Provided By Used In Operating Activities1 NetCashProvidedByUsedInOperatingActivities1	-908000
CY2019Q3	lmfa	Working Capital WorkingCapital	-267000
	lmfa	Lease Contract Beginning Date LeaseContractBeginningDate	2014-03-01
	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2019-07-31
CY2019Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	50000
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	148000
CY2018Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	24100
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	67000
	us-gaap	Operating Lease Cost OperatingLeaseCost	147575
	us-gaap	Lease Cost LeaseCost	147575
CY2019Q3	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	us-gaap:OperatingLeaseRightOfUseAsset
CY2019Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	91986
CY2019Q3	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	us-gaap:OperatingLeaseLiability
CY2019Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	195196
CY2019Q3	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	us-gaap:OperatingLeaseLiability
CY2019Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y10M13D

Files In Submission

Name	View Source	Status
0001564590-19-043542-index-headers.html	Edgar Link	pending
0001564590-19-043542-index.html	Edgar Link	pending
0001564590-19-043542.txt	Edgar Link	pending
0001564590-19-043542-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lmfa-10q_20190930.htm	Edgar Link	pending
lmfa-20190930.xml	Edgar Link	completed
lmfa-20190930.xsd	Edgar Link	pending
lmfa-20190930_cal.xml	Edgar Link	unprocessable
lmfa-20190930_def.xml	Edgar Link	unprocessable
lmfa-20190930_lab.xml	Edgar Link	unprocessable
lmfa-20190930_pre.xml	Edgar Link	unprocessable
lmfa-ex311_6.htm	Edgar Link	pending
lmfa-ex312_8.htm	Edgar Link	pending
lmfa-ex321_7.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R5.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

2019 Q3 Form 10-Q Financial Statement

#000156459019043542 Filed on November 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA LM FUNDING AMERICA, INC. Stock $lmfa

2019 Q3 Form 10-Q Financial Statement

#000156459019043542 Filed on November 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMFA
LM FUNDING AMERICA, INC. Stock $lmfa