Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues
Interest on delinquent association fees	$ 623,790	$ 1,510,237
Administrative and late fees	101,993	145,295
Recoveries in excess of cost - special product	214,558	97,361
Underwriting fees and other revenues	116,430	215,068
Rental revenue	206,831	417,612
Total revenues	1,263,602	2,385,573
Operating expenses
Professional fees	1,799,595	1,665,371
Settlement costs with associations	31,885	68,188
Selling, general and administrative	351,234	203,158
Real estate management and disposal	211,288	460,978
Depreciation and amortization	16,930	57,273
Collection costs	(29,932)	(17,893)
Recovery of cost from related party receivable	(500,000)	(190,000)
Provision for credit losses	50,800	266
Impairment of goodwill		1,650,000
Other operating	17,778	229,873
Total operating expenses	5,315,612	5,368,909
Operating loss from continuing operations	(4,052,010)	(2,983,336)
Gain on disposal of assets		(6,421)
Interest expense	7,189	102,842
Total other expenses	7,189	96,421
Loss from continuing operations before income taxes	(4,059,199)	(3,079,757)
Net loss from continuing operations	(4,059,199)	(3,079,757)
Gain from operations of discontinued operations		74,879
Gain on disposal of discontinued operations	16,428
Net loss	(4,042,771)	(3,004,878)
Losses attributable to non-controlling interest	(1,309)
Net loss attributable to LM Funding America Inc.	$ (4,041,462)	$ (3,004,878)
Basic loss per common share continuing operations	$ (0.50)	$ (0.98)
Basic earnings per common share discontinuing operations	0.00	0.02
Basic loss per common share	(0.50)	(0.96)
Diluted loss per common share continuing operations	(0.50)	(0.98)
Diluted earnings per common share discontinuing operations	0.00	0.02
Diluted loss per common share	$ (0.50)	$ (0.96)
Weighted average number of common shares outstanding
Basic	8,114,554	3,133,689
Diluted	8,114,554	3,133,689
Service [Member]
Operating expenses
Staff costs & payroll	$ 3,366,034	$ 1,241,695