LM Funding America, Inc. Achieves Over 1,720% Year-Over-Year Revenue Growth to $3.4 Million
15 11월 2023 - 10:30PM
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 September 30, 2023.
Operational Highlights
- Approximately 5,549 Bitcoin mining
machines in operation at hosting sites as of September 30,
2023.
- Mined 117.1 Bitcoin in Q3 2023, valued at approximately $3.3
million based on the $28,000 average price of Bitcoin during the
quarter.
- Sequential quarterly revenue increased by 7.0% from the three
months ended June 30, 2023.
Bruce Rodgers, Chairman and CEO of LM Funding, commented, “This
quarter marks yet another significant step forward in our
transition into Bitcoin mining. In the third quarter of 2023, we
mined 117.1 Bitcoin, a 10% sequential increase over the second
quarter of 2023. LM Funding is actively implementing an
'Infrastructure Light' approach in our Bitcoin mining business that
seeks to mitigate risk and volatility in the market by focusing our
capital investments on Bitcoin and Bitcoin mining machines that
track the value of Bitcoin. Overall, we are quite encouraged by the
overall market and outlook for Bitcoin pricing, including the
upcoming 2024 halving event.”
Richard Russell, Chief Financial Officer of LM Funding, further
noted, "Beyond our year-over-year quarterly revenue growth, we
experienced sequential quarterly revenue growth of 7% compared with
Q2 2023. As of September 30, 2023, our cash plus BTC was
approximately $2.7 million. Our working capital stood at $4.5
million as of September 30, 2023, and the equity of LM Funding
shareholders was $35.9 million, or $2.45 per share. Given our
financial position, we remain highly encouraged by the financial
outlook for the business.”
Financial Highlights
- Total revenue for the quarter ended
September 30, 2023, was approximately $3.4 million, an increase of
$3.2 million, or more than 1,720%, from $0.2 million for the 2022
third quarter. The increase was primarily due to digital mining
revenue of $3.3 million compared with $42 thousand of digital
mining revenue in the same period last year as the Company
commenced our Bitcoin mining operations in September 2022. The
average BTC price for the quarter recognized as revenue was
approximately $28,000.
- Net loss attributable to LM Funding shareholders for the third
quarter ended September 30, 2023, was approximately $4.4 million,
which included a $0.8 million non-cash, unrealized loss on
investment and equity securities and a $0.8 million impairment on
our Symbiont assets compared with net income of approximately $6.7
million for the third quarter of 2022, which included a $0.2
million unrealized loss on investment and equity securities.
- Core EBITDA loss for the quarter ended September 30, 2023,
totaled approximately $0.6 million, compared with Core EBITDA loss
of $1.5 million in the 2022 comparable quarter, primarily due to
the existence of material Bitcoin mining operations in the current
year quarter that didn’t exist in the prior year. 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 $0.5 million, digital assets of $2.2
million, and working capital of $4.5 million as of September 30,
2023 based on 90.1 BTC at a price of approximately $25,000 as of
September 30, 2023. The current BTC market price has averaged
between $35,000 to $37,000 in recent weeks. In October 2023, the
Company also received approximately $800 thousand from SeaStar
Medical Holdings as a partial repayment of their outstanding note
receivable.
- Total LM Funding stockholders’ equity of approximately $35.9
million, or $2.45 per share, as of September 30, 2023 (with the
per-share amount calculated as LMFA stockholders’ equity divided by
approximately 14,652,000 shares outstanding as of September 30,
2023).
Investor Conference Call
LM Funding will host a conference call today, November 15 ,
2023, at 11:00 A.M. Eastern Time to discuss the Company’s financial
results for the third quarter ended September 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 +1 888-506-0062 for U.S. callers or +1 973-528-0011 for
international callers and entering access code 406670. A webcast of
the call may be accessed at
https://www.webcaster4.com/Webcast/Page/2917/49429 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
November 15, 2024. A telephone replay of the call will be available
approximately one hour following the call, through November 29,
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 49429.
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 Statements
This 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
(tables follow)
LM Funding America, Inc. and Subsidiaries Consolidated
Balance Sheets (unaudited) |
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
2023 |
|
|
2022 |
|
|
(Unaudited) |
|
|
|
|
Assets |
|
|
|
|
|
Cash |
$ |
469,007 |
|
|
$ |
4,238,006 |
|
Digital Assets |
|
2,256,500 |
|
|
|
888,026 |
|
Finance receivables |
|
21,558 |
|
|
|
26,802 |
|
Marketable securities |
|
198,094 |
|
|
|
4,290 |
|
Notes receivable from Seastar
Medical Holding Corporation |
|
2,277,012 |
|
|
|
3,807,749 |
|
Less: Allowance for credit
loss reserve on notes receivable from Seastar Medical Holding
Corporation |
|
(22,344 |
) |
|
|
- |
|
Notes receivable from Seastar
Medical Holding Corporation, net |
|
2,254,668 |
|
|
|
3,807,749 |
|
Prepaid expenses and other
assets |
|
1,463,094 |
|
|
|
1,233,322 |
|
Income tax receivable |
|
293,466 |
|
|
|
293,466 |
|
Current assets |
|
6,956,387 |
|
|
|
10,491,661 |
|
|
|
|
|
|
|
Fixed assets, net |
|
25,917,390 |
|
|
|
27,192,317 |
|
Deposits on mining
equipment |
|
282,233 |
|
|
|
525,219 |
|
Hosting services deposits |
|
2,218,452 |
|
|
|
2,200,452 |
|
Real estate assets owned |
|
80,057 |
|
|
|
80,057 |
|
Long-term investments - debt
security |
|
- |
|
|
|
2,402,542 |
|
Less: Allowance for losses on
debt security |
|
- |
|
|
|
(1,052,542 |
) |
Long-term investments - debt
security, net |
|
- |
|
|
|
1,350,000 |
|
Long-term investments - equity
securities |
|
72,815 |
|
|
|
464,778 |
|
Investment in Seastar Medical
Holding Corporation |
|
683,100 |
|
|
|
10,608,750 |
|
Symbiont intangible assets,
net |
|
2,000,000 |
|
|
|
- |
|
Operating lease - right of use
assets |
|
214,574 |
|
|
|
265,658 |
|
Other assets |
|
10,726 |
|
|
|
10,726 |
|
Long-term assets |
|
31,479,347 |
|
|
|
42,697,957 |
|
Total assets |
$ |
38,435,734 |
|
|
$ |
53,189,618 |
|
|
|
|
|
|
|
Liabilities and
stockholders' equity |
|
|
|
|
|
Accounts payable and accrued
expenses |
|
2,253,311 |
|
|
|
1,570,906 |
|
Note payable - short-term |
|
63,208 |
|
|
|
475,775 |
|
Due to related parties |
|
44,398 |
|
|
|
75,488 |
|
Current portion of lease
liability |
|
106,689 |
|
|
|
90,823 |
|
Total current liabilities |
|
2,467,606 |
|
|
|
2,212,992 |
|
|
|
|
|
|
|
Lease liability - net of
current portion |
|
114,855 |
|
|
|
179,397 |
|
Long-term liabilities |
|
114,855 |
|
|
|
179,397 |
|
Total liabilities |
|
2,582,461 |
|
|
|
2,392,389 |
|
|
|
|
|
|
|
Stockholders' equity |
|
|
|
|
|
Preferred stock, par value
$.001; 150,000,000 shares authorized; no shares issued and
outstanding as of September 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 September 30, 2023 and 13,091,883 as of December
31, 2022 |
|
14,652 |
|
|
|
13,092 |
|
Additional paid-in
capital |
|
94,722,633 |
|
|
|
92,195,341 |
|
Accumulated deficit |
|
(57,369,694 |
) |
|
|
(43,017,207 |
) |
Total LM Funding America stockholders' equity |
|
37,367,591 |
|
|
|
49,191,226 |
|
Non-controlling interest |
|
(1,514,318 |
) |
|
|
1,606,003 |
|
Total stockholders' equity |
|
35,853,273 |
|
|
|
50,797,229 |
|
Total liabilities and stockholders’ equity |
$ |
38,435,734 |
|
|
$ |
53,189,618 |
|
LM Funding America, Inc. and Subsidiaries Consolidated
Statements of Operations (unaudited) |
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
Digital mining revenues |
$ |
3,283,473 |
|
|
$ |
42,157 |
|
|
$ |
8,342,646 |
|
|
$ |
42,157 |
|
Specialty finance revenue |
|
101,535 |
|
|
|
104,835 |
|
|
|
474,544 |
|
|
|
450,920 |
|
Rental revenue |
|
34,500 |
|
|
|
40,788 |
|
|
|
111,486 |
|
|
|
120,240 |
|
Total revenues |
|
3,419,508 |
|
|
|
187,780 |
|
|
|
8,928,676 |
|
|
|
613,317 |
|
Operating costs and
expenses: |
|
|
|
|
|
|
|
|
|
|
|
Digital mining cost of revenues (exclusive of depreciation and
amortization shown below) |
|
2,708,672 |
|
|
|
38,960 |
|
|
|
6,738,170 |
|
|
|
38,960 |
|
Staff costs & payroll |
|
1,340,665 |
|
|
|
4,297,540 |
|
|
|
4,736,940 |
|
|
|
12,886,432 |
|
Professional fees |
|
419,173 |
|
|
|
714,730 |
|
|
|
1,228,503 |
|
|
|
2,520,981 |
|
Settlement costs with associations |
|
- |
|
|
|
- |
|
|
|
10,000 |
|
|
|
160 |
|
Selling, general and administrative |
|
201,151 |
|
|
|
209,328 |
|
|
|
683,174 |
|
|
|
446,519 |
|
Real estate management and disposal |
|
26,453 |
|
|
|
22,558 |
|
|
|
127,611 |
|
|
|
76,453 |
|
Depreciation and amortization |
|
1,516,873 |
|
|
|
38,617 |
|
|
|
3,487,866 |
|
|
|
43,718 |
|
Collection costs |
|
8,098 |
|
|
|
5,037 |
|
|
|
17,533 |
|
|
|
(6,689 |
) |
Impairment loss on mined digital assets |
|
383,497 |
|
|
|
870 |
|
|
|
822,650 |
|
|
|
870 |
|
Realized gain on sale of mined digital assets |
|
(261,191 |
) |
|
|
- |
|
|
|
(1,331,982 |
) |
|
|
- |
|
Other operating costs |
|
246,536 |
|
|
|
124,405 |
|
|
|
704,390 |
|
|
|
274,298 |
|
Total operating costs and expenses |
|
6,589,927 |
|
|
|
5,452,045 |
|
|
|
17,224,855 |
|
|
|
16,281,702 |
|
Operating loss |
|
(3,170,419 |
) |
|
|
(5,264,265 |
) |
|
|
(8,296,179 |
) |
|
|
(15,668,385 |
) |
Realized gain (loss) on securities |
|
1,788 |
|
|
|
- |
|
|
|
1,788 |
|
|
|
(349,920 |
) |
Realized gain on convertible debt securities |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
287,778 |
|
Unrealized gain (loss) on marketable securities |
|
2,058 |
|
|
|
(13,000 |
) |
|
|
6,436 |
|
|
|
(36,900 |
) |
Impairment loss on hosting deposits |
|
- |
|
|
|
- |
|
|
|
(36,691 |
) |
|
|
- |
|
Impairment loss on Symbiont assets |
|
(750,678 |
) |
|
|
- |
|
|
|
(750,678 |
) |
|
|
- |
|
Unrealized gain (loss) on investment and equity securities |
|
(778,078 |
) |
|
|
(194,174 |
) |
|
|
(10,317,613 |
) |
|
|
11,034,828 |
|
Impairment loss on digital assets |
|
- |
|
|
|
(25,764 |
) |
|
|
- |
|
|
|
(403,471 |
) |
Realized gain on sale of purchased digital assets |
|
- |
|
|
|
- |
|
|
|
1,917 |
|
|
|
- |
|
Digital assets other income |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,658 |
|
Other income - coupon sales |
|
10,160 |
|
|
|
- |
|
|
|
639,472 |
|
|
|
- |
|
Credit loss on Seastar Medical Holding Corporation notes
receivable |
|
(22,344 |
) |
|
|
- |
|
|
|
(22,344 |
) |
|
|
- |
|
Gain on adjustment of note receivable allowance |
|
- |
|
|
|
- |
|
|
|
1,052,543 |
|
|
|
- |
|
Other income - finance revenue |
|
- |
|
|
|
- |
|
|
|
37,660 |
|
|
|
- |
|
Dividend income |
|
- |
|
|
|
1,125 |
|
|
|
- |
|
|
|
3,875 |
|
Interest income |
|
39,657 |
|
|
|
85,602 |
|
|
|
210,881 |
|
|
|
264,947 |
|
Loss before income
taxes |
|
(4,667,856 |
) |
|
|
(5,410,476 |
) |
|
|
(17,472,808 |
) |
|
|
(4,861,590 |
) |
Income tax expense |
|
- |
|
|
|
(1,311,678 |
) |
|
|
- |
|
|
|
(1,311,678 |
) |
Net Loss |
$ |
(4,667,856 |
) |
|
$ |
(6,722,154 |
) |
|
$ |
(17,472,808 |
) |
|
$ |
(6,173,268 |
) |
Less: loss (income)
attributable to non-controlling interest |
|
250,880 |
|
|
|
59,298 |
|
|
|
3,120,321 |
|
|
|
(3,373,299 |
) |
Net loss attributable
to LM Funding America Inc. |
$ |
(4,416,976 |
) |
|
$ |
(6,662,856 |
) |
|
$ |
(14,352,487 |
) |
|
$ |
(9,546,567 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Basic loss per common
share |
$ |
(0.33 |
) |
|
$ |
(0.51 |
) |
|
$ |
(1.08 |
) |
|
$ |
(0.73 |
) |
Diluted loss per
common share |
$ |
(0.33 |
) |
|
$ |
(0.51 |
) |
|
$ |
(1.08 |
) |
|
$ |
(0.73 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of
common shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
13,480,470 |
|
|
|
13,091,883 |
|
|
|
13,237,121 |
|
|
|
13,081,591 |
|
Diluted |
|
13,480,470 |
|
|
|
13,091,883 |
|
|
|
13,237,121 |
|
|
|
13,081,591 |
|
LM Funding America, Inc. and Subsidiaries Consolidated
Statements of Cash Flows (unaudited) |
|
|
Nine Months ended September 30, |
|
|
2023 |
|
|
2022 |
|
CASH FLOWS FROM
OPERATING ACTIVITIES: |
|
|
|
|
|
Net loss |
$ |
(17,472,808 |
) |
|
$ |
(6,173,268 |
) |
Adjustments to
reconcile net income (loss) to net cash used in operating
activities |
|
|
|
|
|
Depreciation and amortization |
|
3,487,866 |
|
|
|
43,718 |
|
Noncash lease expense |
|
70,545 |
|
|
|
71,288 |
|
Stock compensation |
|
917,057 |
|
|
|
988,498 |
|
Stock option expense |
|
1,611,795 |
|
|
|
9,956,219 |
|
Accrued investment income |
|
(130,990 |
) |
|
|
(259,867 |
) |
Impairment loss on digital assets |
|
822,650 |
|
|
|
404,341 |
|
Impairment loss on hosting deposits |
|
36,691 |
|
|
|
- |
|
Impairment loss on Symbiont assets |
|
750,678 |
|
|
|
- |
|
Unrealized loss (gain) on marketable securities |
|
(6,436 |
) |
|
|
36,900 |
|
Unrealized loss (gain) on investment and equity securities |
|
10,317,613 |
|
|
|
(11,034,828 |
) |
Realized loss (gain) on securities |
|
(1,788 |
) |
|
|
349,920 |
|
Realized gain on convertible note receivable |
|
- |
|
|
|
(287,778 |
) |
Realized gain on sale of digital assets |
|
(1,333,899 |
) |
|
|
- |
|
Proceeds from securities |
|
554,036 |
|
|
|
2,565,893 |
|
Convertible debt and interest converted into marketable
securities |
|
- |
|
|
|
844,882 |
|
Investments in marketable securities |
|
(739,616 |
) |
|
|
(844,882 |
) |
Credit loss on Seastar Medical Holding Corporation notes
receivable |
|
22,344 |
|
|
|
- |
|
Reversal of allowance loss on debt security |
|
(1,052,543 |
) |
|
|
- |
|
Change in operating
assets and liabilities: |
|
|
|
|
|
Prepaid expenses and other assets |
|
(123,221 |
) |
|
|
807,352 |
|
Hosting deposits |
|
(54,691 |
) |
|
|
- |
|
Repayments to related party |
|
(31,090 |
) |
|
|
(45,605 |
) |
Accounts payable and accrued expenses |
|
682,405 |
|
|
|
172,723 |
|
Mining of digital assets |
|
(8,352,805 |
) |
|
|
(42,157 |
) |
Proceeds from sale of digital assets |
|
7,487,058 |
|
|
|
- |
|
Lease liability payments |
|
(70,563 |
) |
|
|
(75,574 |
) |
Deferred taxes and taxes payable |
|
- |
|
|
|
841,678 |
|
Net cash used in operating activities |
|
(2,609,712 |
) |
|
|
(1,680,547 |
) |
CASH FLOWS FROM
INVESTING ACTIVITIES: |
|
|
|
|
|
Net collections of finance receivables - original product |
|
(8,765 |
) |
|
|
19,049 |
|
Net collections of finance receivables - special product |
|
14,009 |
|
|
|
(11,565 |
) |
Capital expenditures |
|
(1,913,303 |
) |
|
|
(15,380 |
) |
Investment in note receivable |
|
(100,000 |
) |
|
|
(350,000 |
) |
Investment in note receivable - related party |
|
- |
|
|
|
(2,785,000 |
) |
Collection of note receivable |
|
1,761,727 |
|
|
|
- |
|
Investment in digital assets |
|
(35,157 |
) |
|
|
(978,441 |
) |
Proceeds from sale of purchased digital assets |
|
43,678 |
|
|
|
- |
|
Symbiont asset acquisition |
|
(402,359 |
) |
|
|
- |
|
Deposits for mining equipment |
|
- |
|
|
|
(16,467,402 |
) |
Net cash used in investing activities |
|
(640,170 |
) |
|
|
(20,588,739 |
) |
CASH FLOWS FROM
FINANCING ACTIVITIES: |
|
|
|
|
|
Insurance financing repayments |
|
(499,453 |
) |
|
|
(114,688 |
) |
Insurance financing |
|
86,886 |
|
|
|
- |
|
Issue costs from the issuance of common stock |
|
(106,550 |
) |
|
|
- |
|
Net cash used in financing activities |
|
(519,117 |
) |
|
|
(114,688 |
) |
NET DECREASE IN CASH |
|
(3,768,999 |
) |
|
|
(22,383,974 |
) |
CASH - BEGINNING OF
PERIOD |
|
4,238,006 |
|
|
|
32,559,185 |
|
CASH - END OF
PERIOD |
$ |
469,007 |
|
|
$ |
10,175,211 |
|
|
|
|
|
|
|
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 |
$ |
1,177,226 |
|
|
$ |
21,986,382 |
|
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,
impairment loss on mined digital assets, impairment of intangible
long-lived assets, gain on adjustment of note receivable allowance
and stock compensation expense and option expense, all 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 September 30, |
|
|
Nine Months Ended September 30, |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
(4,667,856 |
) |
|
$ |
(6,722,154 |
) |
|
$ |
(17,472,808 |
) |
|
$ |
(6,173,268 |
) |
Income tax expense |
|
- |
|
|
|
1,311,678 |
|
|
|
- |
|
|
|
1,311,678 |
|
Interest expense |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Depreciation and amortization |
|
1,516,873 |
|
|
|
38,617 |
|
|
|
3,487,866 |
|
|
|
43,718 |
|
Income (loss) before interest,
taxes & depreciation |
$ |
(3,150,983 |
) |
|
$ |
(5,371,859 |
) |
|
$ |
(13,984,942 |
) |
|
$ |
(4,817,872 |
) |
Unrealized loss (gain) on investment and equity securities |
|
778,078 |
|
|
|
194,174 |
|
|
|
10,317,613 |
|
|
|
(11,034,828 |
) |
Realized gain on convertible debt securities |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(287,778 |
) |
Impairment loss on mined digital assets |
|
383,497 |
|
|
|
870 |
|
|
|
822,650 |
|
|
|
870 |
|
Impairment loss on Symbiont assets |
|
750,678 |
|
|
|
- |
|
|
|
750,678 |
|
|
|
- |
|
Gain on adjustment of note receivable allowance |
|
- |
|
|
|
- |
|
|
|
(1,052,543 |
) |
|
|
- |
|
Stock compensation and option expense |
|
621,827 |
|
|
|
3,648,239 |
|
|
|
2,528,852 |
|
|
|
10,944,717 |
|
Core income (loss) before
interest, taxes & depreciation |
$ |
(616,903 |
) |
|
$ |
(1,528,576 |
) |
|
$ |
(617,692 |
) |
|
$ |
(5,194,891 |
) |
LM Funding America (NASDAQ:LMFA)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
LM Funding America (NASDAQ:LMFA)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024