v3.23.1
Consolidated Statements of Operations (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Digital mining revenues, net $ 2,090,851  
Specialty finance revenue 182,836 $ 152,132
Rental revenue 39,831 38,872
Total revenues 2,313,518 191,004
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 1,667,673  
Professional fees 572,356 774,820
Settlement costs with associations   160
Selling, general and administrative 239,464 114,920
Real estate management and disposal 31,803 31,481
Depreciation and amortization 801,873 3,094
Collection costs 9,808 (3,820)
Impairment loss on mined digital assets 199,554  
Realized gain on sale of mined digital assets (424,333)  
Other operating costs 251,911 8,384
Total operating expenses 4,282,944 5,221,236
Operating loss (1,969,426) (5,030,232)
Realized loss on securities   (395,181)
Unrealized gain on convertible debt security   288,320
Unrealized gain on marketable securities 5,790 130
Impairment loss on prepaid mining machine deposits (36,691)  
Unrealized loss on investment and equity securities (5,822,854) (986,399)
Realized gain on sale of purchased digital assets 1,917  
Digital assets other income   4,366
Other income - coupon sales 603,591  
Dividend income   1,375
Interest income 55,077 98,370
Loss before income taxes (7,162,596) (6,019,251)
Income tax expense 0  
Net loss (7,162,596) (6,019,251)
Less: Net loss attributable to non-controlling interest 1,776,264 291,200
Net loss attributable to LM Funding America Inc. $ (5,386,332) $ (5,728,051)
Basic loss per common share $ (0.41) $ (0.44)
Diluted loss per common share $ (0.41) $ (0.44)
Weighted average number of common shares outstanding:    
Basic 13,091,883 13,060,736
Diluted 13,091,883 13,060,736
Service [Member]    
Operating costs and expenses:    
Staff costs and payroll $ 932,835 $ 4,292,197

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