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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Digital mining revenues $ 2,893,073 $ 2,968,322 $ 7,490,981 $ 5,059,173
Specialty finance revenue 89,036 190,173 205,664 373,009
Rental revenue 29,238 37,155 62,306 76,986
Total revenues 3,011,347 3,195,650 7,758,951 5,509,168
Operating costs and expenses:        
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 2,357,111 2,361,825 5,012,057 4,029,498
Depreciation and amortization 2,339,702 1,169,120 4,765,770 1,970,993
Loss (gain) on fair value of Bitcoin, net 1,265,485   (2,992,030)  
Impairment loss on mining equipment 0   1,188,058  
Impairment loss on mined digital assets   239,599   439,153
Realized gain on sale of mined digital assets   (646,458)   (1,070,791)
Professional fees 484,335 236,974 994,228 809,330
Selling, general and administrative 195,681 242,559 373,587 482,023
Real estate management and disposal 31,097 69,355 58,286 101,158
Collection costs 20,416 (373) 21,342 9,435
Settlement costs with associations   10,000   10,000
Other operating costs 223,112 205,943 437,617 457,854
Total operating costs and expenses 7,754,827 6,351,984 11,939,829 10,634,928
Operating loss (4,743,480) (3,156,334) (4,180,878) (5,125,760)
Unrealized gain (loss) on marketable securities 6,440 (1,412) 4,280 4,378
Impairment loss on prepaid machine deposits       (36,691)
Unrealized loss on investment and equity securities (1,856,737) (3,716,681) (505,758) (9,539,535)
Gain on fair value of purchased Bitcoin, net     57,926  
Realized gain on sale of purchased digital assets       1,917
Gain on adjustment of note receivable allowance   1,052,543   1,052,543
Loss on disposal of assets (33,887)   (42,057)  
Other income - coupon sales   25,721 4,490 629,312
Other income - financing revenue   37,660   37,660
Interest expense (36,893)   (107,719)  
Interest income 17,228 116,147 26,353 171,224
Loss before income taxes (6,647,329) (5,642,356) (4,743,363) (12,804,952)
Income tax expense 0 0 0 0
Net Loss (6,647,329) (5,642,356) (4,743,363) (12,804,952)
Less: loss attributable to non-controlling interest 574,474 1,093,177 160,253 2,869,441
Net loss attributable to LM Funding America Inc. $ (6,072,855) $ (4,549,179) $ (4,583,110) $ (9,935,511)
Basic loss per common share $ (2.44) $ (2.08) $ (1.87) $ (4.55)
Diluted loss per common share $ (2.44) $ (2.08) $ (1.87) $ (4.55)
Weighted average number of common shares outstanding:        
Basic 2,485,822 2,189,123 2,457,012 2,185,572
Diluted 2,485,822 2,189,123 2,457,012 2,185,572
Service [Member]        
Operating costs and expenses:        
Staff costs and payroll $ 837,888 $ 2,463,440 $ 2,080,914 $ 3,396,275