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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Interest on delinquent association fees $ 471,923 $ 623,790
Administrative and late fees 69,369 101,993
Recoveries in excess of cost - special product 95,904 214,558
Underwriting fees and other revenues 120,176 116,430
Rental revenue 141,569 206,831
Total revenues 898,941 1,263,602
Operating expenses    
Professional fees 2,271,808 1,799,595
Settlement costs with associations 2,000 31,885
Selling, general and administrative 417,963 351,234
Real estate management and disposal 132,283 211,288
Depreciation and amortization 11,087 16,930
Collection costs 4,459 (29,932)
Recovery of cost from related party receivable (200,000) (500,000)
Provision for credit losses (10,000) 50,800
Other operating 224,678 17,778
Total operating expenses 9,331,320 5,315,612
Operating loss from continuing operations (8,432,379) (4,052,010)
Realized gain on securities 13,817,863  
Unrealized loss on convertible debt security (407,992)  
Unrealized loss on marketable securities (1,387,590)  
Unrealized gain on investment and equity securities 886,543  
Realized gain on digital assets 502,657  
Impairment loss on digital assets (19,945)  
Interest income 211,427  
Interest expense (653) (7,189)
Dividend income 2,113  
Gain on forgiveness of note payable 157,250  
Income (loss) before income taxes 5,329,294 (4,059,199)
Income tax expense (326,178)  
Net income (loss) from continuing operations 5,003,116 (4,059,199)
Gain from operations of discontinued operations   16,428
Net income (loss) 5,003,116 (4,042,771)
Less: Net income (loss) attributable to non-controlling interest (243,898) 1,309
Net income (loss) attributable to LM Funding America Inc. $ 4,759,218 $ (4,041,462)
Basic income (loss) per common share continuing operations $ 0.70 $ (2.50)
Basic earnings (loss) per common share discontinuing operations   0.01
Basic income (loss) per common share 0.70 (2.49)
Diluted income (loss) per common share continuing operations 0.60 (2.50)
Diluted earnings (loss) per common share discontinuing operations   0.01
Diluted income (loss) per common share $ 0.60 $ (2.49)
Weighted average number of common shares outstanding    
Basic 6,828,704 1,622,911
Diluted 7,927,255 1,622,911
Service [Member]    
Operating expenses    
Staff costs & payroll $ 6,477,042 $ 3,366,034