LM Funding America, Inc. is a publicly traded company on Nasdaq engaged in legal, financial, and business services, mainly involving collections and distributions for associations, with a focus on legal and financial activities related to homeowner and condo associations.

# Company Summary: LM Funding America, Inc.

**Overview:**  
LM Funding America, Inc. is a publicly traded company listed on the Nasdaq Capital Market under the ticker symbol **LMFA**. The company is involved in legal, financial, and business services, primarily focusing on collections and distribution for associations and similar clients.

**Business Operations:**  
- The company has historically engaged in associations' account collection, legal services, and related financial activities.  
- Its operations include servicing and collecting accounts on behalf of associations, likely including homeowner or condo associations, and distributing proceeds as per Florida law and contractual purchase agreements.

**Corporate Structure and Management:**  
- Led by a Board of Directors divided into three classes with staggered terms.
- Key executives include:
  - Bruce M. Rodgers, Chairman, CEO, and President.
  - Richard Russell, CFO.
  - Ryan Duran, Vice President of Operations and President of US Digital Mining and Hosting Co.
- The company employs multiple directors and officers, but specific employee count is not provided.

**Shareholders:**  
- As of April 28, 2025, there are 5,133,412 shares of common stock outstanding.
- Major beneficial owners include key executives and directors, with Bruce M. Rodgers and Richard Russell beneficially owning approximately 17.6% and 17.2% of shares respectively, summing to about 35% combined ownership among top insiders.
- No single shareholder owns more than 5% of the company's shares outside of insiders.

**Financial Information (as provided):**  
- Revenue, net income, and number of customers are not specified in the given excerpt.
- The company’s market value of equity held by non-affiliates as of June 30, 2024, was approximately **$10,096,500**.
- Financial statements and detailed revenue/income figures are not included in this report.

**Other Details:**  
- The company has a history of legal proceedings involving its officers and directors (none material disclosed in this excerpt).
- It has around 5 employees, as inferred from the management structure detailed.
- The company has engaged legal, accounting, and consulting services primarily for financial and compliance oversight.

**Note:**  
This summary is based solely on the provided excerpt from the SEC Form 10-K/A; specific revenue, net income, number of customers, or detailed financial metrics are not explicitly listed.

LM Funding America, Inc. is a publicly traded company that provides funding solutions for community associations by collecting delinquent assessments and offering cash flow services in the United States.

# LM Funding America, Inc.

## Company Description
LM Funding America, Inc. is a publicly traded company that provides funding solutions for community associations in the United States. Through its wholly owned subsidiary, LM Funding, LLC, the company focuses on collecting delinquent assessments and delivering cash flow solutions to homeowner associations (HOAs), condominium associations, and cooperative (co-op) associations.

## Business Model
- Investment in delinquent assessment collections: LM Funding purchases delinquent account receivables from community associations, providing immediate liquidity.
- Legal services: The company engages legal firms to assist in the collection of assessments, supporting recovery efforts.

## Market Presence
- Customer base: Serves a broad range of community associations, which may number in the thousands across multiple states.
- Employees: Approximately 46 employees as of March 2024, covering operational, financial, and legal roles.

## Financial Performance
- Revenue: Approximately $17.9 million for the fiscal year ended December 31, 2023.
- Net income: Approximately $3.1 million for the same period, reflecting effective cost control and successful collections.

## Industry Context
- Economic conditions: Performance can be affected by housing market trends and changes in community property laws that impact assessments.
- Competitive landscape: Faces competition from other debt collection agencies and service providers in the community association management sector, requiring a clear value proposition for clients and investors.

## Summary
LM Funding America, Inc. provides funding and collection services that help community associations manage delinquent accounts and maintain cash flow through a combination of receivable purchases and legal collection support.

LM FUNDING AMERICA, INC.

10-K / April 30, 2025

10-K / April 29, 2024

10-K / April 30, 2025

Company Summary: LM Funding America, Inc.