v3.23.3
Consolidated Statements of Operations (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Digital mining revenues, net $ 3,283,473 $ 42,157 $ 8,342,646 $ 42,157
Specialty finance revenue 101,535 104,835 474,544 450,920
Rental revenue 34,500 40,788 111,486 120,240
Total revenues 3,419,508 187,780 8,928,676 613,317
Operating costs and expenses:        
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 2,708,672 38,960 6,738,170 38,960
Professional fees 419,173 714,730 1,228,503 2,520,981
Settlement costs with associations     10,000 160
Selling, general and administrative 201,151 209,328 683,174 446,519
Real estate management and disposal 26,453 22,558 127,611 76,453
Depreciation and amortization 1,516,873 38,617 3,487,866 43,718
Collection costs 8,098 5,037 17,533 (6,689)
Impairment loss on mined digital assets 383,497 870 822,650 870
Realized gain on sale of mined digital assets (261,191)   (1,331,982)  
Other operating costs 246,536 124,405 704,390 274,298
Total operating expenses 6,589,927 5,452,045 17,224,855 16,281,702
Operating loss (3,170,419) (5,264,265) (8,296,179) (15,668,385)
Realized gain (loss) on securities 1,788   1,788 (349,920)
Realized gain on convertible debt securities       287,778
Unrealized gain (loss) on marketable securities 2,058 (13,000) 6,436 (36,900)
Impairment loss on hosting deposits     (36,691)  
Impairment loss on Symbiont assets (750,678)   (750,678)  
Unrealized gain (loss) on investment and equity securities (778,078) (194,174) (10,317,613) 11,034,828
Impairment loss on digital assets   (25,764)   (403,471)
Realized gain on sale of purchased digital assets     1,917  
Digital assets other income       5,658
Other income - coupon sales 10,160   639,472  
Credit loss on Seastar Medical Holding Corporation notes receivable (22,344)   (22,344)  
Gain on adjustment of note receivable allowance     1,052,543  
Other income - finance revenue     37,660  
Dividend income   1,125   3,875
Interest income 39,657 85,602 210,881 264,947
Loss before income taxes (4,667,856) (5,410,476) (17,472,808) (4,861,590)
Income tax expense 0 (1,311,678) 0 (1,311,678)
Net Loss (4,667,856) (6,722,154) (17,472,808) (6,173,268)
Less: loss (income) attributable to non-controlling interest 250,880 59,298 3,120,321 (3,373,299)
Net loss attributable to LM Funding America Inc. $ (4,416,976) $ (6,662,856) $ (14,352,487) $ (9,546,567)
Basic loss per common share $ (0.33) $ (0.51) $ (1.08) $ (0.73)
Diluted loss per common share $ (0.33) $ (0.51) $ (1.08) $ (0.73)
Weighted average number of common shares outstanding:        
Basic 13,480,470 13,091,883 13,237,121 13,081,591
Diluted 13,480,470 13,091,883 13,237,121 13,081,591
Service [Member]        
Operating costs and expenses:        
Staff costs and payroll $ 1,340,665 $ 4,297,540 $ 4,736,940 $ 12,886,432

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