v3.24.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Digital mining revenues $ 12,289,131 $ 945,560
Specialty finance revenue 550,445 626,773
Rental revenue 144,514 161,618
Total revenues 12,984,090 1,733,951
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 9,406,940 1,033,226
Professional fees 1,863,038 3,158,446
Settlement costs with associations 10,000 160
Selling, general and administrative 851,806 635,268
Real estate management and disposal 146,716 110,465
Depreciation and amortization 4,983,480 478,020
Collection costs 29,875 (12,213)
Impairment loss on mined digital assets 965,967 79,794
Realized gain on sale of mined digital assets (2,070,508)  
Other operating costs 999,959 1,504,047
Total operating costs and expenses 23,046,009 26,409,936
Operating loss (10,061,919) (24,675,985)
Realized gain (loss) on securities 4,420 (349,920)
Realized gain on convertible debt securities   287,778
Unrealized gain (loss) on marketable securities 13,570 (56,830)
Impairment loss on prepaid machine deposits (36,691) (3,150,000)
Impairment loss on prepaid hosting deposits (184,236) (1,790,712)
Impairment loss on Symbiont assets (750,678) (1,052,542)
Unrealized gain (loss) on investment and equity securities (9,771,050) 4,423,985
Impairment loss on digital assets 0 (467,406)
Realized gain on sale of purchased digital assets 1,917 20,254
Loss on disposal of assets (9,389) (38,054)
Digital assets other income   5,658
Other income - coupon sales 639,472  
Gain on adjustment of note receivable allowance 1,052,542  
Other income - finance revenue 37,660  
Dividend income   3,875
Interest income, net 249,586 394,678
Income (loss) before income taxes (18,814,796) (26,445,221)
Income tax expense (60,571) (1,438,066)
Net Loss (18,875,367) (27,883,287)
Less: loss (income) attributable to non-controlling interest 2,931,113 (1,356,914)
Net loss attributable to LM Funding America Inc. $ (15,944,254) $ (29,240,201)
Basic loss per common share $ (6.98) $ (13.1)
Diluted loss per common share $ (6.98) $ (13.1)
Weighted average number of common shares outstanding    
Basic 2,283,836 2,231,681
Diluted 2,283,836 2,231,681
Service [Member]    
Operating costs and expenses:    
Staff costs and payroll $ 5,858,736 $ 19,422,723

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