v3.25.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Digital mining revenues $ 10,432,605 $ 12,289,131
Specialty finance revenue 443,599 550,445
Rental revenue 123,444 144,514
Total revenues 10,999,648 12,984,090
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 6,990,856 9,406,940
Staff costs and payroll 4,556,781 5,858,736
Depreciation and amortization 7,774,161 4,983,480
Gain on fair value of Bitcoin, net (7,350,805)  
Impairment loss on mining equipment 1,379,375 0
Impairment loss on mined digital assets   965,967
Realized gain on sale of mined digital assets   (2,070,508)
Professional fees 2,057,165 1,863,038
Selling, general and administrative 817,041 851,806
Real estate management and disposal 159,913 146,716
Collection costs 41,043 29,875
Settlement costs with associations   10,000
Loss on disposal of fixed assets 136,100 9,389
Other operating costs 899,569 999,959
Total operating costs and expenses 17,461,199 23,055,398
Operating loss (6,461,551) (10,071,308)
Unrealized gain on marketable securities 9,190 13,570
Impairment loss on prepaid machine deposits (12,941) (36,691)
Impairment loss on prepaid hosting deposits   (184,236)
Unrealized loss on investment and equity securities (1,097,433) (9,771,050)
Impairment loss on Symbiont assets 0 (750,678)
Gain on fair value of purchased Bitcoin, net 39,197  
Realized gain on securities   4,420
Realized gain on sale of purchased digital assets   1,917
Gain on adjustment of note receivable allowance   1,052,542
Other income - coupon sales 4,490 639,472
Other income - financing revenue   37,660
Interest expense (443,700)  
Interest income 307,316 249,586
Loss before income taxes (7,655,432) (18,814,796)
Income tax expense   (60,571)
Net loss (7,655,432) (18,875,367)
Less: loss attributable to non-controlling interest 340,056 2,931,113
Net loss attributable to LM Funding America Inc. (7,315,376) (15,944,254)
Less: deemed dividends (Note 12) (6,794,924)  
Net loss attributable to common shareholders $ (14,110,300) $ (15,944,254)
Basic loss per common share (Note 1) $ (5.02) $ (6.98)
Diluted loss per common share (Note 1) $ (5.02) $ (6.98)
Weighted average number of common shares outstanding    
Weighted average number of shares outstanding, Basic 2,808,064 2,283,836
Weighted average number of shares outstanding, Diluted 2,808,064 2,283,836

Source

HTML PDF
ZIP