v3.25.1
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Digital mining revenues $ 2,273,940 $ 4,597,908
Specialty finance revenue 67,389 116,628
Rental revenue 30,008 33,068
Total revenues 2,371,337 4,747,604
Operating costs and expenses:    
Digital mining cost of revenue 1,548,295 2,654,946
Curtailment and energy sales (149,686)  
Staff costs and payroll 1,050,477 1,243,026
Depreciation and amortization 2,037,578 1,976,196
Loss (gain) on fair value of Bitcoin, net 1,809,976 (4,257,515)
Impairment loss on mining equipment 0 1,188,058
Professional fees 364,485 509,893
Selling, general and administrative 309,964 177,906
Real estate management and disposal 36,314 27,189
Collection costs 17,352 926
Settlement costs with associations 3,693  
Loss on disposal of assets 186,781 8,170
Other operating costs 255,948 214,505
Total operating costs and expenses 7,471,177 3,743,300
Operating income (loss) (5,099,840) 1,004,304
Unrealized loss on marketable securities (8,710) (2,160)
Unrealized gain (loss) on investment and equity securities (25,984) 1,350,979
Gain (loss) on fair value of purchased Bitcoin, net (52,704) 57,926
Other income - coupon sales 0 4,490
Interest expense (220,906) (70,826)
Interest income 1,145 9,125
Income (loss) before income taxes (5,406,999) 2,353,838
Income tax expense 0 0
Net Loss (5,406,999) 2,353,838
Less: loss (gain) attributable to non-controlling interest 8,325 (414,221)
Net income (loss) attributable to LM Funding America Inc. $ (5,398,674) $ 1,939,617
Basic income (loss) per common share (Note 1) $ (1.05) $ 0.8
Diluted income (loss) per common share (Note 1) $ (1.05) $ 0.8
Weighted average number of common shares outstanding:    
Basic 5,133,412 2,428,203
Diluted 5,133,412 2,428,203

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