v3.26.1
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Digital mining revenues $ 1,978,180 $ 2,273,940
Specialty finance revenue 107,657 67,389
Rental revenue 23,130 30,008
Total revenues 2,108,967 2,371,337
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 1,868,344 1,548,295
Curtailment and energy sales (367,595) (149,686)
Staff costs and payroll 1,317,275 1,050,477
Depreciation and amortization 829,828 2,037,578
Loss on fair value of Bitcoin, net 3,784,418 1,809,976
Professional fees 345,694 364,485
Selling, general and administrative 376,428 309,964
Real estate management and disposal 13,375 36,314
Collection costs 12,380 17,352
Settlement costs with associations 0 3,693
Loss on disposal of assets 0 186,781
Other operating costs 361,095 255,948
Total operating costs and expenses 8,541,242 7,471,177
Operating loss (6,432,275) (5,099,840)
Unrealized loss on marketable securities (2,380) (8,710)
Unrealized gain (loss) on investment and equity securities 14,024 (25,984)
Gain on Galaxy loan derivative 22,374 0
Loss on fair value of purchased Bitcoin, net 0 (52,704)
Loss on fair value of digital assets receivable (3,178,440) 0
Change in credit loss reserve on digital assets receivable 5,794 0
Interest expense (545,171) (220,906)
Interest income 532 1,145
Loss before income taxes (10,115,542) (5,406,999)
Income tax expense 0 0
Net loss (10,115,542) (5,406,999)
Less: loss (gain) attributable to non-controlling interest (3,672) 8,325
Net loss attributable to LM Funding America Inc. $ (10,119,214) $ (5,398,674)
Basic loss per common share (Note 1) $ (0.47) $ (1.05)
Diluted loss per common share (Note 1) $ (0.47) $ (1.05)
Weighted average number of common shares outstanding:    
Basic 21,455,856 5,133,412
Diluted 21,455,856 5,133,412

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