v3.24.1.1.u2
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Digital mining revenues, net $ 4,597,908 $ 2,090,851
Specialty finance revenue 116,628 182,836
Rental revenue 33,068 39,831
Total revenues 4,747,604 2,313,518
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 2,654,946 1,667,673
Depreciation and amortization 2,426,068 801,873
Gain on fair value of Bitcoin, net (4,257,515)  
Impairment loss on mining equipment 1,188,058  
Impairment loss on mined digital assets   199,554
Realized gain on sale of mined digital assets   (424,333)
Professional fees 509,893 572,356
Selling, general and administrative 177,906 239,464
Real estate management and disposal 27,189 31,803
Collection costs 926 9,808
Other operating costs 214,505 251,911
Total operating costs and expenses 4,185,002 4,282,944
Operating income (loss) 562,602 (1,969,426)
Unrealized gain (loss) on marketable securities (2,160) 5,790
Impairment loss on prepaid machine deposits   (36,691)
Unrealized gain (loss) on investment and equity securities 1,350,979 (5,822,854)
Gain on fair value of purchased Bitcoin, net 57,926  
Realized gain on sale of purchased digital assets   1,917
Loss on disposal of assets (8,170)  
Other income - coupon sales 4,490 603,591
Interest expense (70,826)  
Interest income 9,125 55,077
Income (loss) before income taxes 1,903,966 (7,162,596)
Income tax expense 0  
Net Loss 1,903,966 (7,162,596)
Less: loss (income) attributable to non-controlling interest (414,221) 1,776,264
Net income (loss) attributable to LM Funding America Inc. $ 1,489,745 $ (5,386,332)
Basic income (loss) per common share $ 0.61 $ (2.41)
Diluted income (loss) per common share $ 0.61 $ (2.41)
Weighted average number of common shares outstanding:    
Basic 2,428,203 2,232,964
Diluted 2,428,203 2,232,964
Service [Member]    
Operating costs and expenses:    
Staff costs and payroll $ 1,243,026 $ 932,835

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