XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash $ 32,559,185 $ 11,552,943
Finance receivables:    
Original product (Note 2) 13,993 116,017
Special product - New Neighbor Guaranty program, net of allowance for credit losses of (Note 3) 14,200 52,757
Short-term investments - convertible debt securities (Note 5) 539,351  
Marketable securities (Note 5) 2,132,051  
Short-term investments - note receivable (Note 5) 2,000,000  
Prepaid expenses and other assets 1,251,852 399,124
Current assets 38,510,632 12,120,841
Fixed assets, net 17,914 6,171
Real estate assets owned (Note 6) 80,057 18,767
Operating lease - right of use assets (Note 9) 59,969 160,667
Long-term investments - equity securities in affiliates (Note 5) 1,973,413  
Investments in unconsolidated affiliates (Note 5) 4,676,130  
Deposit on mining equipment (Note 7) 16,775,100  
Other assets 10,726 10,984
Long-term assets 23,593,309 196,589
Total assets 62,103,941 12,317,430
Liabilities and stockholders' equity    
Note payable (Note 8) 114,688 96,257
Accounts payable and accrued expenses 463,646 237,033
Due to related party payable (Note 12) 121,220 158,399
Income tax payable (Note 10) 326,178  
Current portion of lease liability (Note 9) 68,002 103,646
Current liabilities 1,093,734 595,335
Notes payable - long-term (Note 8)   185,785
Lease liability - long-term (Note 9)   68,002
Long-term liabilities   253,787
Total liabilities 1,093,734 849,122
Stockholders' equity (Note 11)    
Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively
Common stock, par value $.001; 350,000,000 shares authorized; 13,017,943 and 3,083,760 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively. 13,018 3,083
Additional paid-in capital 74,525,106 29,996,258
Accumulated deficit (13,777,006) (18,536,224)
Total LM Funding America stockholders' equity 60,761,118 11,463,117
Non-controlling interest 249,089 5,191
Total stockholders' equity 61,010,207 11,468,308
Total liabilities and stockholders’ equity $ 62,103,941 $ 12,317,430