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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Interest on delinquent association fees $ 129,439 $ 105,592 $ 269,556 $ 495,280
Administrative and late fees 14,642 19,929 46,574 78,397
Recoveries in excess of cost - special product 14,000 37,127 61,052 122,117
Underwriting and other revenues 28,784 27,651 86,981 96,815
Rental revenue 36,759 62,185 103,264 143,609
Total revenues 223,624 252,484 567,427 936,218
Operating Expenses:        
Professional fees 497,942 385,705 1,340,909 1,372,281
Settlement costs with associations   17,934   29,854
Selling, general and administrative 106,895 96,483 302,679 251,434
Recovery of cost from related party receivable (100,000) (100,000) (200,000) (300,000)
Provision for credit losses   30,000 (10,000) 30,000
Real estate management and disposal 29,878 53,432 77,646 152,882
Depreciation and amortization 4,482 (3,383) 9,476 10,383
Collection costs (1,410) 771 3,339 (28,484)
Other operating expenses 5,801 3,120 17,415 13,758
Total operating expenses 2,418,386 3,006,543 4,964,283 4,683,141
Operating loss from continuing operations (2,194,762) (2,754,059) (4,396,856) (3,746,923)
Realized gain (loss) on securities (173,282)   13,951,752  
Unrealized loss on convertible debt security (2,588,916)   (87,316)  
Unrealized loss on marketable securities (478,448)   (478,448)  
Unrealized gain (loss) on investment and equity securities (123,172)   1,024,714  
Impairment loss on digital assets (23,720)   (23,720)  
Interest income 77,956   164,895  
Interest expense (3,939) 2,300 (653) (10,326)
Dividend income 738   738  
Gain on forgiveness of note payable     157,251  
Income (loss) from continuing operations before income taxes (5,507,545) (2,751,759) 10,312,357 (3,757,249)
Income tax expense (12,619)   (29,883)  
Net income (loss) from continuing operations (5,520,164) (2,751,759) 10,282,474 (3,757,249)
Gain from operations of discontinued operations       16,428
Net gain from discontinued operations       16,428
Net income (loss) (5,520,164) (2,751,759) 10,282,474 (3,740,821)
Less: Net income (loss) attributable to non-controlling interest 33,953   (284,770)  
Net income (loss) attributable to LM Funding America Inc. $ (5,486,211) $ (2,751,759) $ 9,997,704 $ (3,740,821)
Earnings/(loss) per share:        
Basic income (loss) per common share - continuing operations $ (1.01) $ (1.41) $ 1.89 $ (3.32)
Basic income/(loss) per common share - discontinued operations       0.02
Basic income (loss) per common share - net income (loss) - attributable to LM Funding (1.01) (1.41) 1.89 (3.30)
Diluted income (loss) per common share - continuing operations (1.01) (1.41) 1.88 (3.32)
Diluted earnings/(loss) per common share - discontinued operations       0.02
Diluted income (loss) per common share - net income (loss) - attributable to LM Funding $ (1.01) $ (1.41) $ 1.88 $ (3.30)
Weighted average number of common shares outstanding:        
Basic 5,414,296 1,958,107 5,293,375 1,132,407
Diluted 5,421,606 1,958,107 5,305,418 1,132,407
Service [Member]        
Operating Expenses:        
Staff costs and payroll $ 1,874,798 $ 2,522,481 $ 3,422,819 $ 3,151,033