LM Funding America, Inc. Achieves Over 1,260% Year-Over-Year Revenue Growth to $3.2 Million and Generates Positive Core EBITDA for the Second Quarter of 2023
14 Agosto 2023 - 2:30PM
LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or
the “Company”), a cryptocurrency mining and
technology-based specialty finance company, today provided a
business update and reported financial results for the quarter
ended June 30, 2023.
Operational Highlights
- Approximately 5,230 Bitcoin mining
machines in operation at hosting sites as of June 30, 2023.
- Mined 106.6 Bitcoin in Q2 2023, valued at approximately $3.0
million based on the $27,800 average price of Bitcoin during the
quarter.
- Approximately 5,950 Bitcoin mining machines operating as of
August 14, 2023 providing approximately 615 PH/s of mining
capacity.
- Net loss was approximately $4.5 million; however, the Company
achieved Core EBITDA (as defined below) of $1.0 million, which
excludes approximately $6.6 million of non-cash expenses.
Bruce Rodgers, Chairman and CEO of LM Funding, commented, “Once
again, we made major strides in our transition towards Bitcoin
mining as we mined 106.6 Bitcoin during the quarter ended June 30,
2023, a sequential increase of 16% compared to 91.7 Bitcoin mined
in the first quarter of 2023. Our goal is to continue to acquire
and energize more energy-efficient mining machines as we approach
the next Bitcoin halving, anticipated to occur sometime in 2024. As
we expand our mining capacity by adding more mining machines, we
anticipate an increase in the number of Bitcoins that we will be
able to mine. In addition, the Company has installed Braiins OS+
software on 360 of its mining machines, which is expected to
increase mining machine hashrate by as much as 25%. Furthermore,
machines operating Braiins OS+ software may mine with any pool or
mine with Braiins pool and pay no pool fees to Braiins pool.”
"An important highlight of the recent quarter was our successful
$2.6 million 'stalking horse' bid, through which we acquired the
assets of Symbiont.io, Inc., including its flagship product, the
Assembly™ financial services blockchain enterprise platform. This
strategic acquisition has put us in position to leverage these
assets with potential partners to deploy the Assembly™ platform
within financial institutions for issuing, tracking, and managing
financial instruments like data, loans, and securities. At the same
time, we are pursuing other potential use cases for the Symbiont
assets and the Assembly™ platform," Mr. Rodgers concluded.
Richard Russell, Chief Financial Officer of LM Funding, further
noted, "Beyond our year-over-year quarterly revenue growth, we
experienced strong sequential quarterly revenue growth of more than
38% compared to Q1 2023 and achieved approximately $1.0 million of
Core EBITDA. We have also maintained a solid balance sheet. As of
June 30, 2023, our cash reserves were approximately $1.8 million,
along with roughly 79 Bitcoins, each valued at $25,300, bringing
their total value to $2.0 million. Our working capital stood at
$5.5 million as of June 30, 2023, and the equity of LM Funding
shareholders was $39.9 million, or $2.72 per share. Given this
financial position, we remain highly encouraged by the financial
outlook for the business and look forward to working to drive
returns for our shareholders.”
Financial Highlights
- Total revenue for the quarter ended
June 30, 2023, was approximately $3.2 million, an increase of $3.0
million, or more than 1,260%, from $0.2 million for the 2022 second
quarter. The increase was primarily due to digital mining revenue
of $3.0 million in connection with the commencement of our Bitcoin
mining operations in September 2022 compared to no digital mining
revenue in the same period last year.
- Net loss attributable to LM Funding shareholders for the second
quarter ended June 30, 2023, was approximately $4.5 million, which
included a $3.7 million non-cash, unrealized loss on investment and
equity securities, compared to net income of approximately $2.8
million for the second quarter of 2022, which included a $12.2
million unrealized gain on investment and equity securities.
- Core EBITDA for the quarter ended June 30, 2023, improved to
approximately $1.0 million, compared to Core EBITDA loss of $2.0
million in the 2022 comparable quarter, primarily due to our
Bitcoin mining operations. Core EBITDA is a non-GAAP financial
measure, and a reconciliation of Core EBITDA to net loss is set
forth below in this press release.
- Cash of approximately $1.8 million, digital assets of $2.0
million, and working capital of $5.5 million as of June 30,
2023.
- Total LM Funding stockholders’ equity of approximately $39.9
million and net equity per share of $2.72 as of June 30, 2023.
(Calculated as LMFA stockholders’ equity divided by approximately
14,651,000 shares outstanding as of June 30, 2023)
Investor Conference Call
LM Funding will host a conference call today, August 14, 2023,
at 11:00 A.M. Eastern Time to discuss the Company’s financial
results for the second quarter ended June 30, 2023, as well as the
Company’s corporate progress and other developments.
The conference call will be available via telephone by dialing
toll-free +1 877-545-0523 for U.S. callers or +1 973-528-0016 for
international callers and entering access code 197252. A webcast of
the call may be accessed at
https://www.webcaster4.com/Webcast/Page/2917/48870 or on the
investor relations section of the Company’s website,
https://ir.lmfunding.com/.
A webcast replay will be available on the investor relations
section of the Company’s website at
https://www.lmfunding.com/investors/news-events/ir-calendar through
August 14, 2024. A telephone replay of the call will be available
approximately one hour following the call, through August 28, 2023,
and can be accessed by dialing 877-481-4010 for U.S. callers or +1
919-882-2331 for international callers and entering access code
48870.
About LM Funding America
LM Funding America, Inc. (Nasdaq: LMFA), together with its
subsidiaries, is a cryptocurrency mining business that commenced
Bitcoin mining operations in September 2022. The Company also
operates a technology-based specialty finance company that provides
funding to nonprofit community associations (Associations)
primarily located in the state of Florida, as well as in the states
of Washington, Colorado, and Illinois, by funding a certain portion
of the Associations' rights to delinquent accounts that are
selected by the Associations arising from unpaid Association
assessments.
Forward-Looking StatementsThis press release
may contain forward-looking statements made pursuant to the Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
and “project” and other similar words and expressions are intended
to signify forward-looking statements. Forward-looking statements
are not guaranties of future results and conditions but rather are
subject to various risks and uncertainties. Some of these risks and
uncertainties are identified in the Company's most recent Annual
Report on Form 10-K and its other filings with the SEC, which are
available at www.sec.gov. These risks and uncertainties include,
without limitation, uncertainty created by the the risks of
entering into and operating in the cryptocurrency mining business,
uncertainty in the cryptocurrency mining business in general,
problems with hosting vendors in the mining business, the capacity
of our Bitcoin mining machines and our related ability to purchase
power at reasonable prices, the ability to finance our planned
cryptocurrency mining operations, our ability to acquire new
accounts in our specialty finance business at appropriate prices,
the potential need for additional capital in the future, changes in
governmental regulations that affect our ability to collected
sufficient amounts on defaulted consumer receivables, changes in
the credit or capital markets, changes in interest rates, negative
press regarding the debt collection industry, and the risk of
pandemics such as the COVID-10 pandemic. The occurrence of any of
these risks and uncertainties could have a material adverse effect
on our business, financial condition, and results of
operations.
Contact:Crescendo Communications, LLCTel: (212) 671-1020Email:
LMFA@crescendo-ir.com
|
|
|
|
|
LM Funding America, Inc. and Subsidiaries Consolidated
Balance Sheets (unaudited) |
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
(Unaudited) |
|
|
Assets |
|
|
|
|
Cash |
|
$ |
1,847,239 |
|
|
$ |
4,238,006 |
|
Digital Assets (Note 2) |
|
|
1,992,557 |
|
|
|
888,026 |
|
Finance receivables |
|
|
14,097 |
|
|
|
26,802 |
|
Marketable securities (Note 5) |
|
|
8,668 |
|
|
|
4,290 |
|
Notes receivable from Seastar Medical Holding Corporation (Note
5) |
|
|
2,238,442 |
|
|
|
3,807,749 |
|
Prepaid expenses and other assets |
|
|
1,425,585 |
|
|
|
1,233,322 |
|
Income tax receivable |
|
|
293,466 |
|
|
|
293,466 |
|
Current assets |
|
|
7,820,054 |
|
|
|
10,491,661 |
|
|
|
|
|
|
Fixed assets, net (Note 3) |
|
|
27,208,981 |
|
|
|
27,192,317 |
|
Deposits on mining equipment (Note 4) |
|
|
282,171 |
|
|
|
525,219 |
|
Hosting services deposits (Note 4) |
|
|
2,357,658 |
|
|
|
2,200,452 |
|
Real estate assets owned |
|
|
80,057 |
|
|
|
80,057 |
|
Long-term investments - debt security (Note 5) |
|
|
- |
|
|
|
2,402,542 |
|
Less: Allowance for losses on debt security (Note 5) |
|
|
- |
|
|
|
(1,052,542 |
) |
Long-term investments - debt security, net (Note 5) |
|
|
- |
|
|
|
1,350,000 |
|
Long-term investments - equity securities (Note 5) |
|
|
188,493 |
|
|
|
464,778 |
|
Investment in Seastar Medical Holding Corporation (Note 5) |
|
|
1,345,500 |
|
|
|
10,608,750 |
|
Symbiont intangible assets (Note 11) |
|
|
2,804,902 |
|
|
|
- |
|
Operating lease - right of use assets (Note 8) |
|
|
239,671 |
|
|
|
265,658 |
|
Other assets |
|
|
10,726 |
|
|
|
10,726 |
|
Long-term assets |
|
|
34,518,159 |
|
|
|
42,697,957 |
|
Total assets |
|
$ |
42,338,213 |
|
|
$ |
53,189,618 |
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
Accounts payable and accrued expenses |
|
|
2,005,147 |
|
|
|
1,570,906 |
|
Note payable - short-term (Note 6) |
|
|
119,353 |
|
|
|
475,775 |
|
Due to related parties (Note 7) |
|
|
68,217 |
|
|
|
75,488 |
|
Current portion of lease liability (Note 8) |
|
|
94,509 |
|
|
|
90,823 |
|
Total current liabilities |
|
|
2,287,226 |
|
|
|
2,212,992 |
|
|
|
|
|
|
Lease liability - net of current portion (Note 8) |
|
|
151,685 |
|
|
|
179,397 |
|
Long-term liabilities |
|
|
151,685 |
|
|
|
179,397 |
|
Total liabilities |
|
|
2,438,911 |
|
|
|
2,392,389 |
|
|
|
|
|
|
Stockholders' equity (Note 9) |
|
|
|
|
Preferred stock, par value $.001; 150,000,000 shares authorized; no
shares issued and outstanding as of June 30, 2023 and December 31,
2022 |
|
|
- |
|
|
|
- |
|
Common stock, par value $.001; 350,000,000 shares authorized;
14,651,883 shares issued and outstanding as of June 30, 2023 and
13,091,883 as of December 31, 2022 |
|
|
14,652 |
|
|
|
13,092 |
|
Additional paid-in capital |
|
|
94,100,806 |
|
|
|
92,195,341 |
|
Accumulated deficit |
|
|
(52,952,718 |
) |
|
|
(43,017,207 |
) |
Total LM Funding America stockholders' equity |
|
|
41,162,740 |
|
|
|
49,191,226 |
|
Non-controlling interest |
|
|
(1,263,438 |
) |
|
|
1,606,003 |
|
Total stockholders' equity |
|
|
39,899,302 |
|
|
|
50,797,229 |
|
Total liabilities and stockholders equity |
|
$ |
42,338,213 |
|
|
$ |
53,189,618 |
|
|
|
|
|
|
|
LM Funding America, Inc. and Subsidiaries Consolidated
Statements of Operations (unaudited) |
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
Revenues: |
|
|
|
|
|
Digital mining revenues |
$ |
2,968,322 |
|
|
$ |
- |
|
|
$ |
5,059,173 |
|
|
$ |
- |
|
Specialty finance revenue |
|
190,173 |
|
|
|
193,953 |
|
|
|
373,009 |
|
|
|
346,085 |
|
Rental revenue |
|
37,155 |
|
|
|
40,580 |
|
|
|
76,986 |
|
|
|
79,452 |
|
Total revenues |
|
3,195,650 |
|
|
|
234,533 |
|
|
|
5,509,168 |
|
|
|
425,537 |
|
Operating costs and expenses: |
|
|
|
|
|
Digital mining cost of revenues (exclusive of depreciation and
amortization shown below) |
|
2,361,825 |
|
|
|
- |
|
|
|
4,029,498 |
|
|
|
- |
|
Staff costs & payroll |
|
2,463,440 |
|
|
|
4,296,695 |
|
|
|
3,396,275 |
|
|
|
8,588,892 |
|
Professional fees |
|
236,974 |
|
|
|
1,031,431 |
|
|
|
809,330 |
|
|
|
1,806,251 |
|
Settlement costs with associations |
|
10,000 |
|
|
|
- |
|
|
|
10,000 |
|
|
|
160 |
|
Selling, general and administrative |
|
242,559 |
|
|
|
122,271 |
|
|
|
482,023 |
|
|
|
237,191 |
|
Real estate management and disposal |
|
69,355 |
|
|
|
22,414 |
|
|
|
101,158 |
|
|
|
53,895 |
|
Depreciation and amortization |
|
1,169,120 |
|
|
|
2,007 |
|
|
|
1,970,993 |
|
|
|
5,101 |
|
Collection costs |
|
(373 |
) |
|
|
(7,906 |
) |
|
|
9,435 |
|
|
|
(11,726 |
) |
Impairment loss on mined digital assets |
|
239,599 |
|
|
|
- |
|
|
|
439,153 |
|
|
|
- |
|
Realized gain on sale of mined digital assets |
|
(646,458 |
) |
|
|
- |
|
|
|
(1,070,791 |
) |
|
|
- |
|
Other operating costs |
|
205,943 |
|
|
|
141,509 |
|
|
|
457,854 |
|
|
|
149,893 |
|
Total operating costs and expenses |
|
6,351,984 |
|
|
|
5,608,421 |
|
|
|
10,634,928 |
|
|
|
10,829,657 |
|
Operating loss |
|
(3,156,334 |
) |
|
|
(5,373,888 |
) |
|
|
(5,125,760 |
) |
|
|
(10,404,120 |
) |
Realized gain (loss) on securities |
|
- |
|
|
|
45,261 |
|
|
|
- |
|
|
|
(349,920 |
) |
Realized gain on convertible debt securities |
|
- |
|
|
|
287,778 |
|
|
|
- |
|
|
|
287,778 |
|
Unrealized loss on convertible debt security |
|
- |
|
|
|
(288,320 |
) |
|
|
- |
|
|
|
- |
|
Unrealized gain (loss) on marketable securities |
|
(1,412 |
) |
|
|
(24,030 |
) |
|
|
4,378 |
|
|
|
(23,900 |
) |
Impairment loss on hosting deposits |
|
- |
|
|
|
- |
|
|
|
(36,691 |
) |
|
|
- |
|
Unrealized gain (loss) on investment and equity securities |
|
(3,716,681 |
) |
|
|
12,215,401 |
|
|
|
(9,539,535 |
) |
|
|
11,229,002 |
|
Impairment loss on digital assets |
|
- |
|
|
|
(377,707 |
) |
|
|
- |
|
|
|
(377,707 |
) |
Realized gain on sale of purchased digital assets |
|
- |
|
|
|
- |
|
|
|
1,917 |
|
|
|
- |
|
Digital assets other income |
|
- |
|
|
|
1,292 |
|
|
|
- |
|
|
|
5,658 |
|
Other income - coupon sales |
|
25,721 |
|
|
|
- |
|
|
|
629,312 |
|
|
|
- |
|
Gain on adjustment of note receivable allowance |
|
1,052,543 |
|
|
|
- |
|
|
|
1,052,543 |
|
|
|
- |
|
Other income - finance revenue |
|
37,660 |
|
|
|
- |
|
|
|
37,660 |
|
|
|
- |
|
Dividend income |
|
- |
|
|
|
1,375 |
|
|
|
- |
|
|
|
2,750 |
|
Interest income |
|
116,147 |
|
|
|
80,975 |
|
|
|
171,224 |
|
|
|
179,345 |
|
Income (loss) before income taxes |
|
(5,642,356 |
) |
|
|
6,568,137 |
|
|
|
(12,804,952 |
) |
|
|
548,886 |
|
Income tax expense |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net income (loss) |
$ |
(5,642,356 |
) |
|
$ |
6,568,137 |
|
|
$ |
(12,804,952 |
) |
|
$ |
548,886 |
|
Less: loss (income) attributable to non-controlling interest |
|
1,093,177 |
|
|
|
(3,723,797 |
) |
|
|
2,869,441 |
|
|
|
(3,432,597 |
) |
Net income (loss) attributable to LM Funding America
Inc. |
$ |
(4,549,179 |
) |
|
$ |
2,844,340 |
|
|
$ |
(9,935,511 |
) |
|
$ |
(2,883,711 |
) |
|
|
|
|
|
|
Basic income (loss) per common share |
$ |
(0.35 |
) |
|
$ |
0.22 |
|
|
$ |
(0.76 |
) |
|
$ |
(0.22 |
) |
Diluted income (loss) per common share |
$ |
(0.35 |
) |
|
$ |
0.22 |
|
|
$ |
(0.76 |
) |
|
$ |
(0.22 |
) |
|
|
|
|
|
|
Weighted average number of common shares outstanding |
|
|
|
|
|
Basic |
|
13,182,162 |
|
|
|
13,091,882 |
|
|
|
13,153,038 |
|
|
|
13,076,359 |
|
Diluted |
|
13,182,162 |
|
|
|
13,091,882 |
|
|
|
13,153,038 |
|
|
|
13,076,359 |
|
|
|
|
|
|
|
|
LM Funding America, Inc. and Subsidiaries Consolidated
Statements of Cash Flows (unaudited) |
|
|
|
Six Months ended June 30, |
|
|
|
2023 |
|
|
|
2022 |
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
Net income (loss) |
|
$ |
(12,804,952 |
) |
|
$ |
548,886 |
|
Adjustments to reconcile net loss to cash used in operating
activities |
|
|
|
|
Depreciation and amortization |
|
|
1,970,993 |
|
|
|
5,101 |
|
Noncash lease expense |
|
|
47,874 |
|
|
|
47,127 |
|
Stock compensation |
|
|
564,930 |
|
|
|
658,999 |
|
Stock option expense |
|
|
1,342,095 |
|
|
|
6,637,479 |
|
Accrued investment income |
|
|
(91,864 |
) |
|
|
(176,438 |
) |
Impairment loss on digital assets |
|
|
439,153 |
|
|
|
377,707 |
|
Impairment loss on hosting deposits |
|
|
36,691 |
|
|
|
- |
|
Unrealized loss (gain) on marketable securities |
|
|
(4,378 |
) |
|
|
23,900 |
|
Unrealized loss (gain) on investment and equity securities |
|
|
9,539,535 |
|
|
|
(11,229,002 |
) |
Realized loss (gain) on securities |
|
|
- |
|
|
|
349,920 |
|
Realized gain on convertible note receivable |
|
|
- |
|
|
|
(287,778 |
) |
Realized gain on sale of digital assets |
|
|
(1,072,708 |
) |
|
|
- |
|
Proceeds from securities |
|
|
- |
|
|
|
2,565,893 |
|
Convertible debt and interest converted into marketable
securities |
|
|
- |
|
|
|
844,882 |
|
Investments in marketable securities |
|
|
- |
|
|
|
(844,882 |
) |
Reversal of allowance loss on debt security |
|
|
(1,052,543 |
) |
|
|
- |
|
Change in operating assets and liabilities: |
|
|
|
|
Prepaid expenses and other assets |
|
|
(85,713 |
) |
|
|
623,511 |
|
Hosting deposits |
|
|
(193,897 |
) |
|
|
- |
|
Advances (repayments) to related party |
|
|
(7,271 |
) |
|
|
249,959 |
|
Accounts payable and accrued expenses |
|
|
434,241 |
|
|
|
(27,168 |
) |
Mining of digital assets |
|
|
(5,059,173 |
) |
|
|
- |
|
Proceeds from sale of digital assets |
|
|
4,579,676 |
|
|
|
- |
|
Lease liability payments |
|
|
(45,913 |
) |
|
|
(52,440 |
) |
Deferred taxes and taxes payable |
|
|
- |
|
|
|
(326,178 |
) |
Income taxes receivable |
|
|
- |
|
|
|
(143,822 |
) |
Net cash used in operating activities |
|
|
(1,463,224 |
) |
|
|
(154,344 |
) |
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
Net collections of finance receivables - original product |
|
|
(1,824 |
) |
|
|
11,473 |
|
Net collections of finance receivables - special product |
|
|
14,529 |
|
|
|
(6,877 |
) |
Capital expenditures |
|
|
(1,744,609 |
) |
|
|
(13,235 |
) |
Investment in note receivable |
|
|
- |
|
|
|
(910,000 |
) |
Collection of note receivable |
|
|
1,661,171 |
|
|
|
- |
|
Investment in digital assets |
|
|
(35,157 |
) |
|
|
(786,586 |
) |
Proceeds from sale of purchased digital assets |
|
|
43,678 |
|
|
|
- |
|
Symbiont asset acquisition |
|
|
(402,359 |
) |
|
|
- |
|
Deposits for mining equipment |
|
|
- |
|
|
|
(13,538,333 |
) |
Net cash used in investing activities |
|
|
(464,571 |
) |
|
|
(15,243,558 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
Insurance financing repayments |
|
|
(357,649 |
) |
|
|
(114,688 |
) |
Insurance financing |
|
|
1,227 |
|
|
|
- |
|
Issue costs from the issuance of common stock |
|
|
(106,550 |
) |
|
|
- |
|
Net cash used in financing activities |
|
|
(462,972 |
) |
|
|
(114,688 |
) |
NET DECREASE IN CASH |
|
|
(2,390,767 |
) |
|
|
(15,512,590 |
) |
CASH - BEGINNING OF YEAR |
|
|
4,238,006 |
|
|
|
32,559,185 |
|
CASH - END OF YEAR |
|
$ |
1,847,239 |
|
|
$ |
17,046,595 |
|
|
|
|
|
|
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND
FINANCING ACTIVITIES |
|
|
|
|
ROU assets and operating lease obligation recognized |
|
$ |
21,887 |
|
|
$ |
300,787 |
|
Reclassification of mining equipment deposit to fixed assets,
net |
|
$ |
1,172,888 |
|
|
$ |
15,058,872 |
|
SUPPLEMENTAL DISCLOSURES OF CASHFLOW
INFORMATION |
|
|
|
|
Cash paid for interest |
|
$ |
- |
|
|
$ |
- |
|
Cash paid for taxes |
|
$ |
- |
|
|
$ |
470,000 |
|
|
|
|
|
|
NON-GAAP FINANCIAL INFORMATION (unaudited)
Our reported results are presented in accordance with U.S.
generally accepted accounting principles (“GAAP”). We also disclose
Earnings before Interest, Tax, Depreciation and Amortization
("EBITDA") and Core Earnings before Interest, Tax, Depreciation and
Amortization ("Core EBITDA") which adjusts for unrealized loss on
investment and equity securities, unrealized gain on convertible
debt securities and stock compensation expense and option expense,
both of which are non-GAAP financial measures. We believe these
non-GAAP financial measures are useful to investors because they
are widely accepted industry measures used by analysts and
investors to compare the operating performance of Bitcoin
miners.
The following tables reconcile net loss, which we believe is the
most comparable GAAP measure, to EBITDA and Core EBITDA:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(5,642,356 |
) |
|
$ |
6,568,137 |
|
|
$ |
(12,804,952 |
) |
|
$ |
548,886 |
|
Income tax expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Interest expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Depreciation and amortization |
|
|
1,169,120 |
|
|
|
2,007 |
|
|
|
1,970,993 |
|
|
|
5,101 |
|
Income (loss) before interest, taxes & depreciation |
|
$ |
(4,473,236 |
) |
|
$ |
6,570,144 |
|
|
$ |
(10,833,959 |
) |
|
$ |
553,987 |
|
Unrealized loss (gain) on investment and equity securities |
|
|
3,716,681 |
|
|
|
(12,215,401 |
) |
|
|
9,539,535 |
|
|
|
(11,229,002 |
) |
Unrealized loss on convertible debt securities |
|
|
- |
|
|
|
288,320 |
|
|
|
- |
|
|
|
- |
|
Realized gain on convertible debt securities |
|
|
- |
|
|
|
(287,778 |
) |
|
|
- |
|
|
|
(287,778 |
) |
Stock compensation and option expense |
|
|
1,712,669 |
|
|
|
3,648,236 |
|
|
|
1,907,025 |
|
|
|
7,296,478 |
|
Core income (loss) before interest, taxes & depreciation |
|
$ |
956,114 |
|
|
$ |
(1,996,479 |
) |
|
$ |
612,601 |
|
|
$ |
(3,666,315 |
) |
|
|
|
|
|
|
|
|
|
Grafico Azioni LM Funding America (NASDAQ:LMFA)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni LM Funding America (NASDAQ:LMFA)
Storico
Da Mag 2023 a Mag 2024