$LMFA
LM Funding America Inc

2021 Q3 Form 10-Q Financial Statement

#000156459021056819 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $50.34K $330.0K $252.5K
YoY Change -80.06% -35.29% -67.37%
Cost Of Revenue $497.9K $430.0K $390.0K
YoY Change 27.68% 30.3% 2.63%
Gross Profit -$447.6K -$100.0K -$130.0K
YoY Change 244.31% -155.56% -176.47%
Gross Profit Margin -889.15% -30.3% -51.49%
Selling, General & Admin $2.016M $380.0K $2.680M
YoY Change -24.78% -28.3% 2526.76%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.490K $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit
Operating Expenses $1.920M $200.0K $3.007M
YoY Change -36.12% -41.18% 227.1%
Operating Profit -$2.368M -$300.0K -$2.754M
YoY Change -14.02% 87.5% 651.49%
Interest Expense -$3.116M $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.508M -$300.0K -$2.752M
YoY Change 100.15% -83.78% 618.08%
Income Tax $12.62K
% Of Pretax Income
Net Earnings -$5.520M -$300.0K -$2.752M
YoY Change 100.6% -83.52% 884.01%
Net Earnings / Revenue -10965.76% -90.91% -1089.87%
Basic Earnings Per Share -$1.01 -$1.41
Diluted Earnings Per Share -$1.01 -$97.09K -$1.41
COMMON SHARES
Basic Shares Outstanding 5.414M 1.958M
Diluted Shares Outstanding 5.422M 1.958M

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.78M $11.55M $12.23M
YoY Change 78.09% 979.44% 332.16%
Cash & Equivalents $17.46M $11.55M $12.23M
Short-Term Investments $4.322M
Other Short-Term Assets $1.783M $400.0K $220.0K
YoY Change 710.53% 166.67% -8.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $23.69M $12.12M $12.72M
YoY Change 86.22% 583.57% 310.32%
LONG-TERM ASSETS
Property, Plant & Equipment $93.24K $6.171K $190.0K
YoY Change -50.93% -25.54% 347.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.112M $20.00K $20.00K
YoY Change 10457.92% -98.68% -33.33%
Other Assets $1.657M $10.98K $10.00K
YoY Change 16466.3% -0.34% 0.0%
Total Long-Term Assets $8.538M $196.6K $222.3K
YoY Change 3740.93% -96.65% -96.58%
TOTAL ASSETS
Total Short-Term Assets $23.69M $12.12M $12.72M
Total Long-Term Assets $8.538M $196.6K $222.3K
Total Assets $32.22M $12.32M $12.94M
YoY Change 148.99% 61.21% 34.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.9K $160.0K $260.0K
YoY Change -47.72% -54.29% -27.78%
Accrued Expenses $93.34K $100.0K
YoY Change -6.66% -65.52%
Deferred Revenue
YoY Change
Short-Term Debt $172.0K $96.26K $0.00
YoY Change 38.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $897.5K $491.7K $746.3K
YoY Change 20.26% -88.06% 14.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $190.0K $340.0K
YoY Change -100.0% -63.46% -91.92%
Other Long-Term Liabilities $1.650K $170.0K $100.0K
YoY Change -98.35% -37.04% 25.0%
Total Long-Term Liabilities $31.54K $253.8K $437.2K
YoY Change -92.79% -63.18% -89.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $897.5K $491.7K $746.3K
Total Long-Term Liabilities $31.54K $253.8K $437.2K
Total Liabilities $929.0K $849.1K $1.183M
YoY Change -21.5% -82.33% -76.11%
SHAREHOLDERS EQUITY
Retained Earnings -$8.539M -$18.54M
YoY Change 27.88%
Common Stock $39.54M $30.00M
YoY Change 73.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.01M $11.46M $11.76M
YoY Change
Total Liabilities & Shareholders Equity $32.22M $12.32M $12.94M
YoY Change 149.03% 61.21% 34.68%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$5.520M -$300.0K -$2.752M
YoY Change 100.6% -83.52% 884.01%
Depreciation, Depletion And Amortization $4.490K $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Operating Activities -$1.702M -$720.0K -$2.310M
YoY Change -26.32% 188.0% 824.0%
INVESTING ACTIVITIES
Capital Expenditures -$1.020K $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$2.974M $90.00K $20.00K
YoY Change -14968.35% -106.25% -60.0%
Cash From Investing Activities -$2.975M $90.00K $20.00K
YoY Change -14973.45% -106.21% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.23K -50.00K 8.300M
YoY Change -100.46% -16.67% -16700.0%
NET CHANGE
Cash From Operating Activities -1.702M -720.0K -2.310M
Cash From Investing Activities -2.975M 90.00K 20.00K
Cash From Financing Activities -38.23K -50.00K 8.300M
Net Change In Cash -4.715M -680.0K 6.010M
YoY Change -178.45% -61.36% -2411.54%
FREE CASH FLOW
Cash From Operating Activities -$1.702M -$720.0K -$2.310M
Capital Expenditures -$1.020K $0.00 $0.00
Free Cash Flow -$1.701M -$720.0K -$2.310M
YoY Change -26.37% 188.0% 862.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
8537584
lmfa Share Based Compensation Arrangement By Share Based Payment Award Options Adjustments In Period Adjustment
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdjustmentsInPeriodAdjustment
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
2111584
CY2021Q2 lmfa Reverse Stock Split Percentage Of Issued Common Stock
ReverseStockSplitPercentageOfIssuedCommonStock
1
CY2021Q3 lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2021Q2 lmfa Reverse Stock Split Percentage Of Common Stock
ReverseStockSplitPercentageOfCommonStock
0.2
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
lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
CY2021Q3 lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
lmfa Share Based Compensation Arrangements By Share Based Payment Award Options Adjustments In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAdjustmentsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
lmfa Share Based Compensation Arrangement By Share Based Payment Award Options Adjustments In Period Adjustment
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdjustmentsInPeriodAdjustment
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
lmfa Share Based Compensation Arrangements By Share Based Payment Award Options Adjustments In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAdjustmentsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2021Q3 lmfa Digital Assets Net Current
DigitalAssetsNetCurrent
1396238
CY2021Q3 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
InvestmentsInAndAdvancesToAffiliatesBalancePrincipalAmount
4676130
CY2021Q3 lmfa Deposit On Mining Equipment Noncurrent
DepositOnMiningEquipmentNoncurrent
1565625
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
237033
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
158399
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
93340
CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
172032
CY2020Q4 us-gaap Notes Payable Current
NotesPayableCurrent
96257
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
897497
us-gaap Professional Fees
ProfessionalFees
1340909
us-gaap Professional Fees
ProfessionalFees
1372281
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
29854
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10984
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
3084
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
11463117
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
29996257
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18536224
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1652
CY2021Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
29883
CY2021Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
31535
CY2021Q3 us-gaap Liabilities
Liabilities
929032
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3083760
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3083760
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
5414
CY2021Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
39538550
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8538520
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
31005444
CY2021Q3 us-gaap Minority Interest
MinorityInterest
289961
CY2020Q4 us-gaap Minority Interest
MinorityInterest
5191
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31295405
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11468308
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12317430
CY2020Q3 lmfa Interest On Delinquent Association Fees
InterestOnDelinquentAssociationFees
105592
lmfa Interest On Delinquent Association Fees
InterestOnDelinquentAssociationFees
269556
lmfa Interest On Delinquent Association Fees
InterestOnDelinquentAssociationFees
495280
CY2020Q3 lmfa Administrative And Late Fees
AdministrativeAndLateFees
19929
lmfa Administrative And Late Fees
AdministrativeAndLateFees
46574
lmfa Administrative And Late Fees
AdministrativeAndLateFees
78397
CY2020Q3 lmfa Recoveries On Collection Of Assessments In Excess Of Cost
RecoveriesOnCollectionOfAssessmentsInExcessOfCost
37127
lmfa Recoveries On Collection Of Assessments In Excess Of Cost
RecoveriesOnCollectionOfAssessmentsInExcessOfCost
61052
lmfa Recoveries On Collection Of Assessments In Excess Of Cost
RecoveriesOnCollectionOfAssessmentsInExcessOfCost
122117
CY2020Q3 lmfa Underwriting Fees And Other Revenues
UnderwritingFeesAndOtherRevenues
27651
lmfa Underwriting Fees And Other Revenues
UnderwritingFeesAndOtherRevenues
86981
lmfa Underwriting Fees And Other Revenues
UnderwritingFeesAndOtherRevenues
96815
CY2020Q3 lmfa Rental Revenue
RentalRevenue
62185
lmfa Real Estate Management And Disposal
RealEstateManagementAndDisposal
77646
lmfa Rental Revenue
RentalRevenue
103264
lmfa Rental Revenue
RentalRevenue
143609
CY2020Q3 us-gaap Revenues
Revenues
252484
us-gaap Revenues
Revenues
567427
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
385705
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
251434
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
300000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-10000
lmfa Real Estate Management And Disposal
RealEstateManagementAndDisposal
152882
lmfa Depreciation And Amortization Adjustment
DepreciationAndAmortizationAdjustment
9476
lmfa Depreciation And Amortization Adjustment
DepreciationAndAmortizationAdjustment
10383
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
100000
lmfa Collection Cost
CollectionCost
3339
lmfa Collection Cost
CollectionCost
-28484
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
17415
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13758
us-gaap Operating Expenses
OperatingExpenses
4964283
us-gaap Operating Expenses
OperatingExpenses
4683141
us-gaap Operating Income Loss
OperatingIncomeLoss
-4396856
us-gaap Operating Income Loss
OperatingIncomeLoss
-3746923
CY2021Q3 lmfa Realized Gain On Securities
RealizedGainOnSecurities
-173282
lmfa Realized Gain On Securities
RealizedGainOnSecurities
13951752
CY2021Q3 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-2588916
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-87316
CY2021Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-478448
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-478448
CY2021Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-123172
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1024714
CY2021Q3 lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
CY2021Q3 lmfa Interest Income
InterestIncome
77956
lmfa Interest Income
InterestIncome
164895
CY2021Q3 lmfa Interest Income Expense
InterestIncomeExpense
-3939
CY2020Q3 lmfa Interest Income Expense
InterestIncomeExpense
2300
lmfa Interest Income Expense
InterestIncomeExpense
-653
lmfa Interest Income Expense
InterestIncomeExpense
-10326
CY2021Q3 us-gaap Investment Income Dividend
InvestmentIncomeDividend
738
us-gaap Investment Income Dividend
InvestmentIncomeDividend
738
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
157251
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5507545
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2751759
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10312357
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3757249
CY2021Q3 lmfa Income Tax Expense
IncomeTaxExpense
12619
lmfa Income Tax Expense
IncomeTaxExpense
29883
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-5520164
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2751759
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10282474
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3757249
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
16428
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
16428
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-5520164
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-2751759
us-gaap Net Income Loss
NetIncomeLoss
10282474
us-gaap Net Income Loss
NetIncomeLoss
-3740821
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
33953
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-478448
us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
1024714
us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
13951752
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-284770
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-5486211
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-2751759
us-gaap Profit Loss
ProfitLoss
9997704
us-gaap Profit Loss
ProfitLoss
-3740821
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.01
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.41
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.89
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-3.32
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.02
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.01
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.30
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.01
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.41
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.88
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-3.32
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.02
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.01
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.30
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5414296
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1958107
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5293375
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1132407
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5421606
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1958107
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5305418
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1132407
us-gaap Net Income Loss
NetIncomeLoss
10282474
us-gaap Net Income Loss
NetIncomeLoss
-3740821
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9476
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5919
lmfa Right To Use Asset Depreciation
RightToUseAssetDepreciation
75605
lmfa Right To Use Asset Depreciation
RightToUseAssetDepreciation
74890
us-gaap Share Based Compensation
ShareBasedCompensation
135679
lmfa Gain Loss On Forgiveness Of Note Payable
GainLossOnForgivenessOfNotePayable
157251
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
300000
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
160954
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30000
lmfa Gain Loss From Operations Of Discontinued Operations
GainLossFromOperationsOfDiscontinuedOperations
16428
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
43623
lmfa Impairment Gain Loss On Digital Assets
ImpairmentGainLossOnDigitalAssets
-23720
lmfa Unrealized Gain Loss On Convertible Debt Securities
UnrealizedGainLossOnConvertibleDebtSecurities
-87316
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
30070285
lmfa Investment In Convertible Note Receivable Converted Into Marketable Security
InvestmentInConvertibleNoteReceivableConvertedIntoMarketableSecurity
16118533
lmfa Investment In Convertible Note Receivable
InvestmentInConvertibleNoteReceivable
5000000
lmfa Convertible Debt And Interest Converted Into Marketable Securities
ConvertibleDebtAndInterestConvertedIntoMarketableSecurities
4231760
lmfa Investment In Marketable Securities
InvestmentInMarketableSecurities
3958678
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8326
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-120598
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
382204
lmfa Increase Decrease In Deferred Taxes
IncreaseDecreaseInDeferredTaxes
29883
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5274618
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2797399
lmfa Proceeds From Underwriting And Origination Fees
ProceedsFromUnderwritingAndOriginationFees
-68568
lmfa Proceeds From Underwriting And Origination Fees
ProceedsFromUnderwritingAndOriginationFees
-3920
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4207
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1286
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
272976
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
103934
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
689457
us-gaap Operating Lease Payments
OperatingLeasePayments
76656
us-gaap Operating Lease Payments
OperatingLeasePayments
69669
lmfa Payments To Deposits For Mining Equipment
PaymentsToDepositsForMiningEquipment
1565625
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
246914
lmfa Proceeds From Investment In Note Receivable
ProceedsFromInvestmentInNoteReceivable
1500000
lmfa Payments To Acquire Digital Assets
PaymentsToAcquireDigitalAssets
1419958
lmfa Loan To Purchase Securities
LoanToPurchaseSecurities
1784250
lmfa Repayment Of Loan To Purchase Securities
RepaymentOfLoanToPurchaseSecurities
1784250
lmfa Payments To Acquire Investment In Unconsolidated Affiliate
PaymentsToAcquireInvestmentInUnconsolidatedAffiliate
5738000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8750359
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1355325
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
185785
us-gaap Repayments Of Debt
RepaymentsOfDebt
28534
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
134485
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
108043
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
9544623
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3081480
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9447535
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9381604
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12606757
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5905863
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11164683
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11552943
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1069823
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17458806
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12234506
lmfa Noncash Investing And Financing Activities Insurance Financing
NoncashInvestingAndFinancingActivitiesInsuranceFinancing
210260
lmfa Noncash Investing And Financing Activities Insurance Financing
NoncashInvestingAndFinancingActivitiesInsuranceFinancing
192514
us-gaap Interest Paid Net
InterestPaidNet
1892
us-gaap Interest Paid Net
InterestPaidNet
10326
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2834925
CY2020Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
128847
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-551094
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2412678
CY2020Q2 lmfa Common Stock Value Issued For Cash
CommonStockValueIssuedForCash
1250000
CY2020Q2 lmfa Stock Issued For Warrants Exercised
StockIssuedForWarrantsExercised
2946480
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3397
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-437968
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6174587
CY2020Q3 lmfa Common Stock Value Issued For Cash
CommonStockValueIssuedForCash
8180535
CY2020Q3 lmfa Exercise Of Prefunded Warrants Value
ExerciseOfPrefundedWarrantsValue
17000
CY2020Q3 lmfa Stock Issued For Warrants Exercised
StockIssuedForWarrantsExercised
135000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3435
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-2751759
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11758798
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11468308
CY2021Q1 lmfa Stock Issued For Warrants Exercised
StockIssuedForWarrantsExercised
9544623
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4548299
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25561230
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
11254339
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36815569
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-5520164
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31295405
CY2021Q3 lmfa Number Of Subsidiaries Created
NumberOfSubsidiariesCreated
2
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 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5414296
CY2020Q4 lmfa Deferred Tax Assets Valuation Allowance Used
DeferredTaxAssetsValuationAllowanceUsed
4658000
CY2021Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1159524
CY2020Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-712977
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2078774
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-861234
CY2021Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-321397
CY2020Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-147519
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
348622
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-178194
CY2021Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1480921
CY2020Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-860496
lmfa Maximum Future Contingent Payments
MaximumFutureContingentPayments
20900
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
44000
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
53000
lmfa Delinquent Assessments
DelinquentAssessments
150000
CY2020 lmfa Delinquent Assessments
DelinquentAssessments
148000
lmfa Accrued Interest And Late Fee
AccruedInterestAndLateFee
67000
CY2020 lmfa Accrued Interest And Late Fee
AccruedInterestAndLateFee
57000
lmfa Number Of Units With Delinquent Assessment
NumberOfUnitsWithDelinquentAssessment
10
CY2020 lmfa Number Of Units With Delinquent Assessment
NumberOfUnitsWithDelinquentAssessment
20
CY2021Q3 lmfa Deferred Tax Assets Valuation Allowance Used
DeferredTaxAssetsValuationAllowanceUsed
2432000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1039428
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2427396
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12619
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
53114
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
34614
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
92371
CY2020Q4 lmfa Deferred Income Tax Liabilities Assets
DeferredIncomeTaxLiabilitiesAssets
-4730
CY2021Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1359074
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3913579
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2020Q4 lmfa Deferred Tax Liabilities Assets Deferred Expense Capitalized Software
DeferredTaxLiabilitiesAssetsDeferredExpenseCapitalizedSoftware
-1814
CY2020Q4 lmfa Deferred Tax Liabilities Assets Property Plant And Equipment
DeferredTaxLiabilitiesAssetsPropertyPlantAndEquipment
-2916
CY2021Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1480921
CY2020Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-807382
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2432127
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-947057
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12619
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29883
lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.245
lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.245
CY2021Q3 lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.245
CY2020Q3 lmfa Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRate
0.245
CY2021Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1469827
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.269
CY2020Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-808436
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.294
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2458947
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-948111
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.253
CY2021Q3 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1525
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2020Q3 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1054
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3063
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2021Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1480921
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.271
CY2020Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
807382
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.293
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2432127
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.243
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
947057
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.253
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12619
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0020
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29883
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
120820
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
124876
CY2021Q3 lmfa Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest
DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest
44956
CY2020Q4 lmfa Deferred Tax Assets Tax Step Up In Basis Purchase Of Noncontrolling Interest
DeferredTaxAssetsTaxStepUpInBasisPurchaseOfNoncontrollingInterest
49950
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
32378
CY2020Q4 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
us-gaap Lease Cost
LeaseCost
47483
us-gaap Lease Cost
LeaseCost
89931
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85062
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
160667
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
94992
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
171648
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0655
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0655
CY2021Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2044920
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4653496
CY2021Q3 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
151296
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2226099
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4658226
CY2021Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
29883
CY2021Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1500000
CY2021Q3 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
1500000
us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-2400000
us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
2200000
lmfa Operating Lease Remaining Lease Term
OperatingLeaseRemainingLeaseTerm
P1Y
lmfa Operating Lease Remaining Lease Term
OperatingLeaseRemainingLeaseTerm
P1Y
lmfa Lease Expiration Period
LeaseExpirationPeriod
P37M
CY2021Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.065
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
23700
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
71200
CY2020Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
26000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
76000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
22627
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
27644
us-gaap Operating Lease Cost
OperatingLeaseCost
47483
us-gaap Operating Lease Cost
OperatingLeaseCost
89931
CY2021Q3 us-gaap Lease Cost
LeaseCost
22627
CY2020Q3 us-gaap Lease Cost
LeaseCost
27644
us-gaap Operating Lease Payments
OperatingLeasePayments
76656
us-gaap Operating Lease Payments
OperatingLeasePayments
69669
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease
126694
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
26990
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
68002
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
94992
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3860
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
302.55
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3860
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
302.55
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3860
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
302.55
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3860
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
302.55
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3860
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
302.55
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3027
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
310.10
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10200
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2718012
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
4.20
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
791857
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
21.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2240000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.50
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
-2326112
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
4.08
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
-275540
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
3.48
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Adjustment Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdjustmentWeightedAverageGrantDateFairValue
1.70
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Increase Decrease1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease1
75000
lmfa Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Adjustment Weighted Average Grant Date Fair Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdjustmentWeightedAverageGrantDateFairValue1
3.36
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
391900
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
4.35
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2958011
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
8.93
lmfa Debt Instrument Amount Funded For Transaction
DebtInstrumentAmountFundedForTransaction
1666667
lmfa Part Of Transaction Purchased Amount
PartOfTransactionPurchasedAmount
3333333
CY2021Q2 lmfa Stock Issued Shares For Warrants Exercised
StockIssuedSharesForWarrantsExercised
5956544
CY2021Q2 lmfa Stock Issued For Warrants Exercised
StockIssuedForWarrantsExercised
8500000
lmfa Shares Classified As Marketable Securities
SharesClassifiedAsMarketableSecurities
5960829
lmfa Marketable Securities Shares Sold
MarketableSecuritiesSharesSold
587530
CY2021Q1 lmfa Gain Loss On Loan Agreement
GainLossOnLoanAgreement
5700000
CY2021Q1 lmfa Amount Of Loans Receivables Acquired
AmountOfLoansReceivablesAcquired
18200000
CY2021Q1 lmfa Cost Associated With Acquisition Of Receivables Loan
CostAssociatedWithAcquisitionOfReceivablesLoan
15500000
CY2021Q1 lmfa Proceeds From Sale Of Own Shares
ProceedsFromSaleOfOwnShares
32600000
CY2021Q1 lmfa Provision For Investor
ProvisionForInvestor
11300000
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
3958678
CY2021Q3 lmfa Available For Sale Debt Securities Accumulated Gross Unrealized Gain Loss
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainLoss
-478448
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3480230
CY2021Q3 lmfa Digital Assets Net Current
DigitalAssetsNetCurrent
1400000
CY2021Q3 lmfa Cumulative Impairment Loss On Digital Assets
CumulativeImpairmentLossOnDigitalAssets
24000
CY2021Q3 lmfa Fair Market Value Of Digital Assets
FairMarketValueOfDigitalAssets
1400000

Files In Submission

Name View Source Status
0001564590-21-056819-index-headers.html Edgar Link pending
0001564590-21-056819-index.html Edgar Link pending
0001564590-21-056819.txt Edgar Link pending
0001564590-21-056819-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lmfa-10q_20210930.htm Edgar Link pending
lmfa-10q_20210930_htm.xml Edgar Link completed
lmfa-20210930.xsd Edgar Link pending
lmfa-20210930_cal.xml Edgar Link unprocessable
lmfa-20210930_def.xml Edgar Link unprocessable
lmfa-20210930_lab.xml Edgar Link unprocessable
lmfa-20210930_pre.xml Edgar Link unprocessable
lmfa-ex311_8.htm Edgar Link pending
lmfa-ex312_6.htm Edgar Link pending
lmfa-ex321_7.htm Edgar Link pending
MetaLinks.json 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
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