v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Digital mining revenues $ 8,283,423 $ 10,432,605
Specialty finance revenue 452,476 443,599
Rental revenue 108,834 123,444
Total revenues 8,844,733 10,999,648
Operating costs and expenses:    
Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 5,792,433 6,990,856
Curtailment and energy sales (658,048) 0
Staff costs and payroll 6,210,804 4,556,781
Depreciation and amortization 8,171,570 7,774,161
Loss (gain) on fair value of Bitcoin, net 1,808,174 (7,350,805)
Impairment loss on mining equipment 5,391,857 1,379,375
Professional fees 1,640,569 2,057,165
Selling, general and administrative 1,582,568 817,041
Real estate management and disposal 115,040 159,913
Collection costs 41,843 41,043
Settlement costs with associations 3,693 0
Loss on disposal of assets 501,800 136,100
Other operating costs 1,127,317 899,569
Total operating costs and expenses 31,729,620 17,461,199
Operating loss (22,884,887) (6,461,551)
Unrealized gain on marketable securities 10,330 9,190
Impairment loss on prepaid machine deposits (4,885) (12,941)
Unrealized loss on investment and equity securities (179,972) (1,097,433)
Unrealized gain on Galaxy loan derivative 285,160 0
Gain (loss) on fair value of purchased Bitcoin, net (52,704) 39,197
Loss on fair value of digital assets receivable (3,017,485) 0
Credit loss on digital assets receivable (9,187) 0
Other income - coupon sales 0 4,490
Interest expense (1,124,685) (443,700)
Interest income 3,124 307,316
Loss before income taxes (26,975,191) (7,655,432)
Income tax expense 0 0
Net loss (26,975,191) (7,655,432)
Less: loss attributable to non-controlling interest 54,994 340,056
Net loss attributable to LM Funding America Inc. (26,920,197) (7,315,376)
Less: deemed dividends (Note 9) (1,579,020) (6,794,924)
Net loss attributable to common shareholders $ (28,499,217) $ (14,110,300)
Basic loss per common share (Note 1) $ (3.28) $ (5.02)
Diluted loss per common share (Note 1) $ (3.28) $ (5.02)
Weighted average number of common shares outstanding    
Weighted average number of shares outstanding, Basic 8,700,377 2,808,064
Weighted average number of shares outstanding, Diluted 8,700,377 2,808,064

Source

HTML PDF
ZIP