$LMFA
LM Funding America Inc

2020 Form 10-K Financial Statement

#000156459021017063 Filed on March 31, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $1.264M $510.0K $2.386M
YoY Change -47.03% -33.77% -29.62%
Cost Of Revenue $1.800M $330.0K $1.670M
YoY Change 7.78% -25.0% 25.56%
Gross Profit -$540.0K $180.0K $720.0K
YoY Change -175.0% -43.75% -65.05%
Gross Profit Margin -42.73% 35.29% 30.18%
Selling, General & Admin $3.920M $530.0K $515.5K
YoY Change 660.44% -18.46% 59.58%
% of Gross Profit 294.44% 71.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.14K $10.00K $63.76K
YoY Change -82.52% 0.0% -6.6%
% of Gross Profit 5.56% 8.86%
Operating Expenses $5.316M $340.0K $5.895M
YoY Change -9.82% -49.25% 55.04%
Operating Profit -$5.856M -$160.0K -$2.869M
YoY Change 104.09% -54.29% 595.8%
Interest Expense $7.189K -$30.00K $142.2K
YoY Change -94.94% -400.0% -69.42%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.059M -$1.850M -$3.080M
YoY Change 31.8% 460.61% 552.27%
Income Tax
% Of Pretax Income
Net Earnings -$4.041M -$1.820M -$3.005M
YoY Change 34.5% 451.52% 536.41%
Net Earnings / Revenue -319.84% -356.86% -125.96%
Basic Earnings Per Share -$2.49 -$0.96
Diluted Earnings Per Share -$2.49 -$2.889M -$0.96
COMMON SHARES
Basic Shares Outstanding 1.623M 3.134M
Diluted Shares Outstanding 1.623M 3.134M

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.55M $1.070M $1.070M
YoY Change 979.44% -69.6% -69.6%
Cash & Equivalents $1.070M
Short-Term Investments
Other Short-Term Assets $400.0K $150.0K $150.0K
YoY Change 166.67% -6.25% -6.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.12M $1.773M $1.770M
YoY Change 584.75% -69.8% -52.16%
LONG-TERM ASSETS
Property, Plant & Equipment $170.0K $8.288K $300.0K
YoY Change -43.33% -75.49% 900.0%
Goodwill $4.040M
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.00K $1.520M $1.520M
YoY Change -98.68% -6.75% -6.75%
Other Assets $10.00K $11.02K $10.00K
YoY Change 0.0% -65.6% -66.67%
Total Long-Term Assets $200.0K $5.867M $5.870M
YoY Change -96.59% 3013.42% 148.73%
TOTAL ASSETS
Total Short-Term Assets $12.12M $1.773M $1.770M
Total Long-Term Assets $200.0K $5.867M $5.870M
Total Assets $12.32M $7.641M $7.640M
YoY Change 61.26% 26.09% 26.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.0K $350.0K $350.0K
YoY Change -54.29% 84.21% 84.21%
Accrued Expenses $270.0K $270.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $69.54K $3.460M
YoY Change -97.11% 62.19%
Long-Term Debt Due $170.0K $170.0K
YoY Change
Total Short-Term Liabilities $490.0K $4.116M $4.290M
YoY Change -88.58% 1540.56% 2157.89%
LONG-TERM LIABILITIES
Long-Term Debt $190.0K $520.0K $520.0K
YoY Change -63.46% 1200.0% 1200.0%
Other Long-Term Liabilities $170.0K $270.0K $270.0K
YoY Change -37.04% 1250.0% 1250.0%
Total Long-Term Liabilities $360.0K $689.2K $520.0K
YoY Change -30.77% 1048.72% 766.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $490.0K $4.116M $4.290M
Total Long-Term Liabilities $360.0K $689.2K $520.0K
Total Liabilities $850.0K $4.806M $4.810M
YoY Change -82.33% 1815.25% 1824.0%
SHAREHOLDERS EQUITY
Retained Earnings -$14.49M
YoY Change 26.15%
Common Stock $17.33M
YoY Change 0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.46M $2.835M $2.830M
YoY Change
Total Liabilities & Shareholders Equity $12.32M $7.641M $7.640M
YoY Change 61.26% 26.09% 26.07%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$4.041M -$1.820M -$3.005M
YoY Change 34.5% 451.52% 536.41%
Depreciation, Depletion And Amortization $11.14K $10.00K $63.76K
YoY Change -82.52% 0.0% -6.6%
Cash From Operating Activities -$3.523M -$250.0K -$1.161M
YoY Change 203.59% -16.67% 53.04%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$10.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $1.450M -$1.440M -$1.100M
YoY Change -231.82% 0.7% -3.51%
Cash From Investing Activities $1.451M -$1.450M -$1.119M
YoY Change -229.68% 1.4% -2.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.448M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.56M -60.00K -171.8K
YoY Change -7407.5% -101.34% -103.56%
NET CHANGE
Cash From Operating Activities -3.523M -250.0K -1.161M
Cash From Investing Activities 1.451M -1.450M -1.119M
Cash From Financing Activities 12.56M -60.00K -171.8K
Net Change In Cash 10.48M -1.760M -2.451M
YoY Change -527.72% -164.0% -183.64%
FREE CASH FLOW
Cash From Operating Activities -$3.523M -$250.0K -$1.161M
Capital Expenditures $0.00 $0.00 -$10.00K
Free Cash Flow -$3.523M -$250.0K -$1.151M
YoY Change 206.22% -16.67% 51.72%

Facts In Submission

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CY2020 us-gaap Use Of Estimates
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<p style="margin-bottom:0pt;margin-top:12pt;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&#8217;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, fair value estimates of real estate assets owned and impairment of goodwill and reserves on notes receivables. </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are not presently aware of any events or circumstances arising from the COVID-19 pandemic that would require us to update our</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">estimates or judgments or revise the carrying value of our assets or liabilities. Our estimates may change, however, as new events</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">occur and additional information is obtained, and any such changes will be recognized in the condensed consolidated financial statements.</p>
CY2020Q4 lmfa Number Of Subsidiaries Created
NumberOfSubsidiariesCreated
2
CY2020Q1 lmfa Minimum Bid Price
MinimumBidPrice
1.00
CY2020Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On May 11, 2020, our shareholders voted in favor of the approval of an amendment to our Certificate of Incorporation, in the event it is deemed advisable by our Board of Directors, to effect an additional reverse stock split of the Company’s issued and outstanding common stock at a ratio within the range of one-for-two (1:2) and one-for-ten (1:10), as determined by the Board of Directors.
CY2020Q2 lmfa Reverse Stock Split Percentage Of Issued Common Stock
ReverseStockSplitPercentageOfIssuedCommonStock
0.1
CY2020Q2 lmfa Reverse Stock Split Percentage Of Outstanding Common Stock
ReverseStockSplitPercentageOfOutstandingCommonStock
0.5
CY2020Q4 lmfa Capitalized Real Estate Costs Accumulated Depreciation Net
CapitalizedRealEstateCostsAccumulatedDepreciationNet
18767
CY2019Q4 lmfa Capitalized Real Estate Costs Accumulated Depreciation Net
CapitalizedRealEstateCostsAccumulatedDepreciationNet
21084
CY2020 us-gaap Depreciation
Depreciation
7740
CY2019 us-gaap Depreciation
Depreciation
21444
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4658226
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3634857
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11200000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
331477
CY2020 lmfa Purchase Of Insurance Policies
PurchaseOfInsurancePolicies
193000
CY2019 lmfa Purchase Of Insurance Policies
PurchaseOfInsurancePolicies
127000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
258000
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
386000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2020Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
1
CY2019Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
1
CY2020 lmfa Number Of Units In Real Estate Property Capitalized
NumberOfUnitsInRealEstatePropertyCapitalized
0
CY2019 lmfa Number Of Units In Real Estate Property Capitalized
NumberOfUnitsInRealEstatePropertyCapitalized
0
CY2020 lmfa Real Estate Investment Capitalized
RealEstateInvestmentCapitalized
0
CY2019 lmfa Real Estate Investment Capitalized
RealEstateInvestmentCapitalized
0
CY2020Q4 lmfa Real Estate Portfolio Number Of Units As Result Of Foreclosure Action
RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction
8
CY2019Q4 lmfa Real Estate Portfolio Number Of Units As Result Of Foreclosure Action
RealEstatePortfolioNumberOfUnitsAsResultOfForeclosureAction
20
CY2020 lmfa Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
12
CY2019 lmfa Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
23
CY2020 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
73000
CY2019 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
190000
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0
CY2020 lmfa Rental Income From Real Estate
RentalIncomeFromRealEstate
133000
CY2019 lmfa Rental Income From Real Estate
RentalIncomeFromRealEstate
227000
CY2020 lmfa Cost Recovery From Real Estate Assets Owned Rent Revenue
CostRecoveryFromRealEstateAssetsOwnedRentRevenue
0
CY2019 lmfa Cost Recovery From Real Estate Assets Owned Rent Revenue
CostRecoveryFromRealEstateAssetsOwnedRentRevenue
0
CY2020Q4 lmfa Contingent Obligations
ContingentObligations
3000
CY2019Q4 lmfa Contingent Obligations
ContingentObligations
7000
CY2020 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
51327
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1650000
CY2020Q4 us-gaap Notes Payable
NotesPayable
282042
CY2019Q4 us-gaap Notes Payable
NotesPayable
4149578
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
96257
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
185785
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
282042
CY2020 lmfa Lease Expiration Period
LeaseExpirationPeriod
P37M
CY2020Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.065
CY2020 lmfa Lease Contract Beginning Date
LeaseContractBeginningDate
2014-03-01
CY2020 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2019-07-31
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
94000
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
186600
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseRightOfUseAsset
CY2019Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseRightOfUseAsset
CY2020Q4 lmfa Current Lease Liabilities
CurrentLeaseLiabilities
103646
CY2019Q4 lmfa Current Lease Liabilities
CurrentLeaseLiabilities
94235
CY2020Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiability
CY2019Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiability
CY2020Q4 lmfa Long Term Lease Liabilities
LongTermLeaseLiabilities
68002
CY2019Q4 lmfa Long Term Lease Liabilities
LongTermLeaseLiabilities
171648
CY2020Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiability
CY2019Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiability
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
171648
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
265883
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0655
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0655
CY2019 lmfa Right Of Use Asset Obtained In Exchange For Operating Lease Liability Cancelled
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityCancelled
26685
CY2019 lmfa Right Of Use Asset Obtained In Exchange For Operating Lease Liability1
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability1
304792
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
103646
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
68002
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
171648
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-955977
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-426931
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-197796
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-88334
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
130403
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
84015
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1023370
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-515265
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1153773
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
431250
CY2020 lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.253
CY2019 lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.253
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1024640
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-849700
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1271
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
418450
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1023369
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
431250
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.253
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.283
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.1390
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.253
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1430
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2020Q4 lmfa Deferred Tax Liabilities Assets Deferred Expense Capitalized Software
DeferredTaxLiabilitiesAssetsDeferredExpenseCapitalizedSoftware
-1814
CY2019Q4 lmfa Deferred Tax Liabilities Assets Deferred Expense Capitalized Software
DeferredTaxLiabilitiesAssetsDeferredExpenseCapitalizedSoftware
4081
CY2020Q4 lmfa Deferred Tax Liabilities Assets Property Plant And Equipment
DeferredTaxLiabilitiesAssetsPropertyPlantAndEquipment
-2917
CY2019Q4 lmfa Deferred Tax Liabilities Assets Property Plant And Equipment
DeferredTaxLiabilitiesAssetsPropertyPlantAndEquipment
1029
CY2020Q4 lmfa Deferred Income Tax Liabilities Assets
DeferredIncomeTaxLiabilitiesAssets
-4731
CY2019Q4 lmfa Deferred Income Tax Liabilities Assets
DeferredIncomeTaxLiabilitiesAssets
5110
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3913579
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2759806
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
124876
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
89295
CY2020Q4 lmfa Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest
DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest
49950
CY2019Q4 lmfa Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest
DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest
54597
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
33466
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
33466
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
20573
CY2019Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
20572
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4653496
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3639967
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2020Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1000000
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8198000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.68
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25000
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
15000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
18000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2019Q4 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
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19300
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19300
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15134
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
60.51
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
60.51
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
68.08
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
84.49
CY2020 us-gaap Restructuring Charges
RestructuringCharges
240000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
185000
CY2020Q4 lmfa Cumulative Operating Losses
CumulativeOperatingLosses
18538000

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