2023 Q4 Form 10-Q Financial Statement

#000181428723000030 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $23.70M $21.12M $0.00
YoY Change
Cost Of Revenue $1.662M $3.365M $1.755M
YoY Change 91.75%
Gross Profit $22.03M $17.76M $9.753M
YoY Change 82.06%
Gross Profit Margin 92.98% 84.07%
Selling, General & Admin $17.16M $11.54M $74.72K
YoY Change 15348.27%
% of Gross Profit 77.87% 65.01% 0.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.710M $1.695M $1.071K
YoY Change 158149.58%
% of Gross Profit 7.76% 9.55% 0.01%
Operating Expenses $20.92M $11.46M $8.900M
YoY Change 866.84% 28.71% 1473.72%
Operating Profit $1.116M $6.300M $10.67M
YoY Change -40.93%
Interest Expense -$2.759M $2.679M $2.600M
YoY Change 203.67% 3.03% -77.05%
% of Operating Profit -247.18% 42.53% 24.38%
Other Income/Expense, Net -$3.406M -$3.539M $2.600M
YoY Change -763.66% -236.08% -77.05%
Pretax Income -$7.135M $2.760M -$6.300M
YoY Change 178.85% -143.81% -158.53%
Income Tax -$769.9K $1.710M $47.04K
% Of Pretax Income 61.97%
Net Earnings -$6.222M $903.4K -$6.347M
YoY Change 144.36% -114.23% -158.97%
Net Earnings / Revenue -26.26% 4.28%
Basic Earnings Per Share $0.01 $0.20
Diluted Earnings Per Share -$0.10 $0.01 -$255.8K
COMMON SHARES
Basic Shares Outstanding 63.35M shares 62.96M shares 50.37M shares
Diluted Shares Outstanding 63.35M shares 50.37M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.84M $36.60M $1.675M
YoY Change 32060.75% 2085.26% 40.31%
Cash & Equivalents $25.59M $36.65M $1.675M
Short-Term Investments $2.253M
Other Short-Term Assets $699.1K $1.000M $308.3K
YoY Change 977.08% 224.39% 120.59%
Inventory
Prepaid Expenses $308.3K
Receivables $3.236M $1.900M
Other Receivables $0.00 $0.00
Total Short-Term Assets $31.78M $39.52M $1.983M
YoY Change 20876.75% 1892.74% 48.72%
LONG-TERM ASSETS
Property, Plant & Equipment $400.7K $261.9K
YoY Change 2052.44%
Goodwill $140.3M $140.3M
YoY Change
Intangibles $29.62M $31.22M
YoY Change
Long-Term Investments $126.8M $91.80M $98.26M
YoY Change 27.84% -6.57% -71.52%
Other Assets $999.0K $1.000M
YoY Change 12.14%
Total Long-Term Assets $300.0M $264.8M $98.26M
YoY Change 202.4% 169.47% -71.52%
TOTAL ASSETS
Total Short-Term Assets $31.78M $39.52M $1.983M
Total Long-Term Assets $300.0M $264.8M $98.26M
Total Assets $331.8M $304.3M $100.2M
YoY Change 233.92% 203.56% -71.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $2.000K $4.924M
YoY Change -100.0% -99.96% 228.29%
Accrued Expenses $4.354M $636.8K $7.940M
YoY Change -52.81% -91.98% 4680.78%
Deferred Revenue $507.0K $348.8K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.03M
YoY Change
Total Short-Term Liabilities $23.33M $5.458M $12.93M
YoY Change 24.2% -57.79% -31.95%
LONG-TERM LIABILITIES
Long-Term Debt $126.8M $118.8M $0.00
YoY Change
Other Long-Term Liabilities $8.440M $3.400M $12.08M
YoY Change -71.84% 0.0%
Total Long-Term Liabilities $135.2M $122.2M $12.08M
YoY Change 912.01% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.33M $5.458M $12.93M
Total Long-Term Liabilities $135.2M $122.2M $12.08M
Total Liabilities $167.8M $138.2M $29.67M
YoY Change 793.24% 365.9% -4.53%
SHAREHOLDERS EQUITY
Retained Earnings -$34.73M -$28.50M -$27.51M
YoY Change 88.58% 3.63%
Common Stock $24.14K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $163.9M $165.8M -$27.48M
YoY Change
Total Liabilities & Shareholders Equity $331.8M $304.3M $100.2M
YoY Change 233.92% 203.56% -71.06%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$6.222M $903.4K -$6.347M
YoY Change 144.36% -114.23% -158.97%
Depreciation, Depletion And Amortization $1.710M $1.695M $1.071K
YoY Change 158149.58%
Cash From Operating Activities -$13.34M -$12.82M -$1.350M
YoY Change 2031.12% 849.73% 230.65%
INVESTING ACTIVITIES
Capital Expenditures $89.67K $100.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$238.8K $9.730M $247.1M
YoY Change -75.18% -96.06%
Cash From Investing Activities -$328.5K $9.630M $247.1M
YoY Change -65.86% -96.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.617M 19.22M -244.7M
YoY Change -107.86% -16410.86%
NET CHANGE
Cash From Operating Activities -13.34M -12.82M -1.350M
Cash From Investing Activities -328.5K 9.630M 247.1M
Cash From Financing Activities 2.617M 19.22M -244.7M
Net Change In Cash -11.05M 16.03M 1.112M
YoY Change 595.98% 1341.13% 1.88%
FREE CASH FLOW
Cash From Operating Activities -$13.34M -$12.82M -$1.350M
Capital Expenditures $89.67K $100.0K
Free Cash Flow -$13.43M -$12.92M
YoY Change 2045.44%

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CY2023Q3 abl Noncontrolling Interest Increase From Transfer Of Noncontrolling Interest
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Dividends
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us-gaap Dividends
Dividends
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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abl Stock Issued During Period Value Reverse Recapitalization
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us-gaap Profit Loss
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Life Settlement Contracts Fair Value Method Unrealized Gain Loss
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us-gaap Life Settlement Contracts Fair Value Method Unrealized Gain Loss
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us-gaap Paid In Kind Interest
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721 usd
abl Operating Lease Right Of Use Asset Noncash Income Expense
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-192 usd
us-gaap Increase Decrease In Accounts Receivable
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929020 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
325294 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1920015 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
634409 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
112388 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 usd
abl Increase Decrease In Accrued Transaction Costs
IncreaseDecreaseInAccruedTransactionCosts
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abl Increase Decrease In Accrued Transaction Costs
IncreaseDecreaseInAccruedTransactionCosts
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IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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IncreaseDecreaseInOtherCurrentLiabilities
3089077 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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abl Life Settlement Contract Purchased Fair Value Method
LifeSettlementContractPurchasedFairValueMethod
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abl Life Settlement Contract Purchased Fair Value Method
LifeSettlementContractPurchasedFairValueMethod
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abl Life Settlement Contract Purchased Investment Method
LifeSettlementContractPurchasedInvestmentMethod
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abl Life Settlement Contract Purchased Investment Method
LifeSettlementContractPurchasedInvestmentMethod
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
350000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
250000 usd
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abl Proceeds Due From Payments Due To Affiliates
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abl Proceeds Due From Payments Due To Affiliates
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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ProceedsFromContributionsFromAffiliates
442283 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
2500000 usd
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ProceedsFromIssuanceOfOtherLongTermDebt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
12900291 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
943400 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
10841551 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 usd
abl Proceeds Received From Spac Trust
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abl Proceeds Received From Spac Trust
ProceedsReceivedFromSPACTrust
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55203004 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12069661 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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6596367 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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3741666 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30052823 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102421 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36649190 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3844087 usd
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Organization and Merger</span></div><div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Abacus Life, Inc. (the “Company”) was formerly known as East Resources Acquisition Company ("ERES”), a blank check company incorporated in Delaware on May 22, 2020. Abacus Life, Inc. conducts its business through its wholly-owned, consolidated subsidiaries, primarily Abacus Settlements, LLC (“Abacus Settlements”, or “Abacus”) and Longevity Market Assets, LLC (“LMA”), which are Delaware limited liability companies (collectively, the “Companies”). On June 30, 2023, (the “Closing Date”), ERES, LMA and Abacus Settlements, LLC consummated the combining of the Companies as contemplated by the Merger Agreement dated as of August 30, 2022 (as amended on October 14, 2022 and April 20, 2023) with LMA Merger Sub, LLC, a wholly owned subsidiary of ERES (“LMA Merger Sub”), Abacus Merger Sub, LLC, a wholly owned subsidiary of ERES (“Abacus Merger Sub”), LMA and Abacus (together with LMA, the “Legacy Companies”). Pursuant to the Merger Agreement, on June 30, 2023, (i) LMA Merger Sub merged with and into LMA, with LMA surviving such merger (the “LMA Merger”) and (ii) Abacus Merger Sub merged with and into Abacus, with Abacus surviving such merger (the “Abacus Merger” and, together with the LMA Merger, the “Mergers” and, along with the other transactions contemplated by the Merger Agreement, the “Business Combination”) and the Legacy Companies became direct wholly owned subsidiaries of Abacus and ERES changed its name to Abacus Life, Inc. </span></div><div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The condensed consolidated assets, liabilities and statements of operations and comprehensive income prior to the Business Combination are those of legacy LMA. The shares of common stock and corresponding capital amounts and income per share, prior to the Business Combination, have been retroactively restated based on share reflecting the exchange ratio established in the Business Combination. </span></div><div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The equity structure has been recast in all comparative periods up to the Closing Date to reflect the number of shares of the Company’s common stock, $0.0001 par value per share, issued to legacy LMA’s stockholders in connection with the Business Combination. As such, the shares and corresponding capital amounts and income per share related to legacy LMA common stock prior to the Business Combination have been retroactively recast as shares reflecting the exchange ratio of 0.8 established in the Business Combination.</span></div><div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Business Activity</span></div><div style="margin-top:10pt;padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company, through its LMA subsidiary, is a provider of services pertaining to life insurance settlements and offers policy servicing to owners and purchasers of life settlement assets, as well as consulting, valuation, and actuarial services. The Company is also engaged in buying and selling of life settlement policies in which it uses its own capital, and purchases life settlement contracts with the intent to either hold to maturity to receive the associated death claim payout or to sell to another purchaser of life settlement contracts for a gain on the sale.</span></div>The Company, through its Abacus subsidiary, also is an originator of outstanding life insurance policies as a licensed life settlement provider on behalf of investors (“Financing Entities”). Abacus locates and screens policies for eligibility as a commercially desirable life settlement, including verifying that the policy is in force, obtaining consents and disclosures, and submitting cases for life expectancy estimates, also known, collectively, as origination services. When the sale of a policy is completed, this is deemed “settled” and the policy is then referred to as either a “life settlement” in which the insured’s life expectancy is greater than two years or “viatical settlement,” in which the insured’s life expectancy is less than two years. The Company is not an insurance company, and therefore the Company does not underwrite insurable risks for its own account.
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q1 abl Number Of Providers Involved In Option Agreement
NumberOfProvidersInvolvedInOptionAgreement
2 provider
CY2021Q4 abl Number Of Unaffiliated Investors Involved In Variable Interest Entity Ownership
NumberOfUnaffiliatedInvestorsInvolvedInVariableInterestEntityOwnership
3 investor
CY2021Q4 abl Number Of Unaffiliated Investors Involved In Variable Interest Entity Ownership
NumberOfUnaffiliatedInvestorsInvolvedInVariableInterestEntityOwnership
3 investor
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">—The preparation of U.S. GAAP financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, disclosure of contingent assets and liabilities at the date of financial statements, and the reports amounts of revenue and expenses during the reporting periods. Company’s estimates, judgments, and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from the estimates. Estimates are used when accounting for revenue recognition and related costs, purchase price allocation, the selection of useful lives of property and equipment, valuation of other receivables, valuation of life settlement policies, valuation of other investments and available-for-sale securities, valuation of long-term debt, impairment testing, income taxes, and legal reserves.</span>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Concentrations</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">—Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, accounts receivable, and available-for-sale securities. The Company maintains its cash in bank deposit accounts with high-quality financial institutions, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on its cash and cash equivalents. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers to the extent of the amounts recorded on the accompanying condensed consolidated balance sheets. The Company extends different levels of credit to its customers and maintains allowance for doubtful accounts based upon the expected collectability of accounts receivable. The Company’s procedures for determining this allowance includes evaluating individual customer receivables, considering a customer’s financial condition, monitoring credit history and current economic conditions, and using historical experience applied to an aging of accounts.</span>
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0 usd
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2023Q3 abl Life Settlement Contracts Number Of Contracts
LifeSettlementContractsNumberOfContracts
240 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts
LifeSettlementContractsFairValueMethodNumberOfContracts
228 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts
LifeSettlementContractsInvestmentMethodNumberOfContracts
12 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value
LifeSettlementContractsFairValueMethodFaceValue
303605030 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Carrying Amount
LifeSettlementContractsFairValueMethodCarryingAmount
83585374 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
37300000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
4116499 usd
CY2022Q4 abl Life Settlement Contracts Number Of Contracts
LifeSettlementContractsNumberOfContracts
53 insurance_contract
CY2022Q4 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts
LifeSettlementContractsFairValueMethodNumberOfContracts
35 insurance_contract
CY2022Q4 us-gaap Life Settlement Contracts Investment Method Number Of Contracts
LifeSettlementContractsInvestmentMethodNumberOfContracts
18 insurance_contract
CY2022Q4 us-gaap Life Settlement Contracts Fair Value Method Face Value
LifeSettlementContractsFairValueMethodFaceValue
40092154 usd
CY2022Q4 us-gaap Life Settlement Contracts Fair Value Method Carrying Amount
LifeSettlementContractsFairValueMethodCarryingAmount
13809352 usd
CY2022Q4 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
42330000 usd
CY2022Q4 us-gaap Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
8716111 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts Maturing In Remainder Of Fiscal Year
LifeSettlementContractsFairValueMethodNumberOfContractsMaturingInRemainderOfFiscalYear
0 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value Maturing In Remainder Of Fiscal Year
LifeSettlementContractsFairValueMethodFaceValueMaturingInRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Maturing In Remainder Of Fiscal Year
LifeSettlementContractsFairValueMaturingInRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts Maturing In Next Twelve Months
LifeSettlementContractsFairValueMethodNumberOfContractsMaturingInNextTwelveMonths
8 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value Maturing In Next Twelve Months
LifeSettlementContractsFairValueMethodFaceValueMaturingInNextTwelveMonths
10639000 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Maturing In Next Twelve Months
LifeSettlementContractsFairValueMaturingInNextTwelveMonths
8018927 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts Maturing In Year Two
LifeSettlementContractsFairValueMethodNumberOfContractsMaturingInYearTwo
13 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value Maturing In Year Two
LifeSettlementContractsFairValueMethodFaceValueMaturingInYearTwo
26725000 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Maturing In Year Two
LifeSettlementContractsFairValueMaturingInYearTwo
8912395 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts Maturing In Year Three
LifeSettlementContractsFairValueMethodNumberOfContractsMaturingInYearThree
36 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value Maturing In Year Three
LifeSettlementContractsFairValueMethodFaceValueMaturingInYearThree
69378938 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Maturing In Year Three
LifeSettlementContractsFairValueMaturingInYearThree
28670576 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts Maturing In Year Four
LifeSettlementContractsFairValueMethodNumberOfContractsMaturingInYearFour
26 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value Maturing In Year Four
LifeSettlementContractsFairValueMethodFaceValueMaturingInYearFour
22391998 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Maturing In Year Four
LifeSettlementContractsFairValueMaturingInYearFour
8115654 usd
CY2023Q3 abl Life Settlement Contract Fair Value Method Number Of Contracts Maturity After Year Four
LifeSettlementContractFairValueMethodNumberOfContractsMaturityAfterYearFour
145 insurance_contract
CY2023Q3 abl Life Settlement Contract Fair Value Method Face Value Maturity After Year Four
LifeSettlementContractFairValueMethodFaceValueMaturityAfterYearFour
174470094 usd
CY2023Q3 abl Life Settlement Contract Fair Value Maturity After Year Four
LifeSettlementContractFairValueMaturityAfterYearFour
29867822 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Number Of Contracts
LifeSettlementContractsFairValueMethodNumberOfContracts
228 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value
LifeSettlementContractsFairValueMethodFaceValue
303605030 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Carrying Amount
LifeSettlementContractsFairValueMethodCarryingAmount
83585374 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing In Remainder Of Fiscal Year
LifeSettlementContractsInvestmentMethodNumberOfContractsMaturingInRemainderOfFiscalYear
0 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value Maturing In Remainder Of Fiscal Year
LifeSettlementContractsInvestmentMethodFaceValueMaturingInRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Remainder Of Fiscal Year
LifeSettlementContractsInvestmentMethodCarryingAmountMaturingInRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing In Next Twelve Months
LifeSettlementContractsInvestmentMethodNumberOfContractsMaturingInNextTwelveMonths
1 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value Maturing In Next Twelve Months
LifeSettlementContractsInvestmentMethodFaceValueMaturingInNextTwelveMonths
500000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Next Twelve Months
LifeSettlementContractsInvestmentMethodCarryingAmountMaturingInNextTwelveMonths
329714 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing In Year Two
LifeSettlementContractsInvestmentMethodNumberOfContractsMaturingInYearTwo
2 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value Maturing In Year Two
LifeSettlementContractsInvestmentMethodFaceValueMaturingInYearTwo
1500000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Year Two
LifeSettlementContractsInvestmentMethodCarryingAmountMaturingInYearTwo
437775 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing In Year Three
LifeSettlementContractsInvestmentMethodNumberOfContractsMaturingInYearThree
1 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value Maturing In Year Three
LifeSettlementContractsInvestmentMethodFaceValueMaturingInYearThree
8000000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Year Three
LifeSettlementContractsInvestmentMethodCarryingAmountMaturingInYearThree
82869 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts Maturing In Year Four
LifeSettlementContractsInvestmentMethodNumberOfContractsMaturingInYearFour
2 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value Maturing In Year Four
LifeSettlementContractsInvestmentMethodFaceValueMaturingInYearFour
500000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount Maturing In Year Four
LifeSettlementContractsInvestmentMethodCarryingAmountMaturingInYearFour
320110 usd
CY2023Q3 abl Life Settlement Contract Investment Method Number Of Contracts Maturity After Year Four
LifeSettlementContractInvestmentMethodNumberOfContractsMaturityAfterYearFour
6 insurance_contract
CY2023Q3 abl Life Settlement Contract Investment Method Face Value Maturity After Year Four
LifeSettlementContractInvestmentMethodFaceValueMaturityAfterYearFour
26800000 usd
CY2023Q3 abl Life Settlement Contract Investment Method Amount Maturity After Year Four
LifeSettlementContractInvestmentMethodAmountMaturityAfterYearFour
2946031 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Number Of Contracts
LifeSettlementContractsInvestmentMethodNumberOfContracts
12 insurance_contract
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
37300000 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
4116499 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Remainder Of Fiscal Year
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInRemainderOfFiscalYear
59184 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Next Twelve Months
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInNextTwelveMonths
411445 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Two
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearTwo
403224 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Three
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearThree
97789 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Premiums To Be Paid In Year Four
LifeSettlementContractsInvestmentMethodPremiumsToBePaidInYearFour
71775 usd
CY2023Q3 abl Life Settlement Contract Investment Method Premium To Be Paid After Year Four
LifeSettlementContractInvestmentMethodPremiumToBePaidAfterYearFour
654558 usd
CY2023Q3 us-gaap Life Settlement Contracts Investment Method Five Year Disclosure Premiums To Be Paid
LifeSettlementContractsInvestmentMethodFiveYearDisclosurePremiumsToBePaid
1697975 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1682083 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6728333 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
276792 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25346 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14911 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6729 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
261882 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18617 usd
CY2023Q3 us-gaap Depreciation
Depreciation
12770 usd
CY2022Q3 us-gaap Depreciation
Depreciation
1070 usd
us-gaap Depreciation
Depreciation
14911 usd
us-gaap Depreciation
Depreciation
3211 usd
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
32900000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29300000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1682083 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27617917 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32900000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1682083 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
31217917 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1682083 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1682083 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5328333 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3911667 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3895000 usd
CY2023Q3 abl Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
6072501 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27617917 usd
CY2021Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
250000 usd
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
250000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.06
CY2021Q4 abl Debt Securities Available For Sale Equity Financing Threshold In Which Shares Convert
DebtSecuritiesAvailableForSaleEquityFinancingThresholdInWhichSharesConvert
1000000 usd
CY2022Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.08
CY2022Q4 abl Debt Securities Available For Sale Equity Financing Threshold In Which Shares Convert
DebtSecuritiesAvailableForSaleEquityFinancingThresholdInWhichSharesConvert
5000000 usd
CY2023Q3 abl Debt Securities Available For Sale Equity Financing Threshold In Which Shares Convert
DebtSecuritiesAvailableForSaleEquityFinancingThresholdInWhichSharesConvert
1000000 usd
CY2022Q4 abl Debt Securities Available For Sale Equity Financing Threshold In Which Shares Convert
DebtSecuritiesAvailableForSaleEquityFinancingThresholdInWhichSharesConvert
1000000 usd
CY2023Q3 abl Number Of Entities In Which Equity Securities Without Readily Determinable Fair Value Are Held
NumberOfEntitiesInWhichEquitySecuritiesWithoutReadilyDeterminableFairValueAreHeld
2 entity
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2023Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q3 us-gaap Revenues
Revenues
21120930 usd
CY2023Q3 us-gaap Revenues
Revenues
21120930 usd
CY2022Q3 us-gaap Revenues
Revenues
11507748 usd
CY2022Q3 us-gaap Revenues
Revenues
11507748 usd
us-gaap Revenues
Revenues
42705904 usd
us-gaap Revenues
Revenues
42705904 usd
us-gaap Revenues
Revenues
29784048 usd
us-gaap Revenues
Revenues
29784048 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
17755973 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
9752854 usd
us-gaap Gross Profit
GrossProfit
37877997 usd
us-gaap Gross Profit
GrossProfit
25943079 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1704154 usd
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14905 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3116999 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1664403 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4583632 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4583632 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9838951 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
59816 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11113382 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
706523 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1694853 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1696994 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3211 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20086 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42289 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1565 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-199958 usd
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
943400 usd
CY2022Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
943400 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
2679237 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
3620695 usd
us-gaap Interest Expense
InterestExpense
0 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
63826 usd
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
0 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
71283 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
0 usd
CY2023Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
2088797 usd
CY2022Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
1235032 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-309865 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
859519 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-306800 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-246846 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
491356 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1301821 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1710315 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
352081 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2238419 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
648887 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
147611 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
363452 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-339692 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
770093 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
903361 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
9992004 usd
us-gaap Net Income Loss
NetIncomeLoss
15739009 usd
us-gaap Net Income Loss
NetIncomeLoss
21507702 usd
CY2023Q3 abl Sensitivity Analysis Of Fair Value Life Settlement Contracts Fair Value Impact Of2 Percent Positive Change In Discount Rate
SensitivityAnalysisOfFairValueLifeSettlementContractsFairValueImpactOf2PercentPositiveChangeInDiscountRate
78288612 usd
abl Sensitivity Analysis Of Fair Value Change In Life Settlement Contracts Fair Value Impact Of2 Percent Positive Change In Discount Rate
SensitivityAnalysisOfFairValueChangeInLifeSettlementContractsFairValueImpactOf2PercentPositiveChangeInDiscountRate
-5296762 usd
CY2023Q3 us-gaap Life Settlement Contracts Fair Value Method Carrying Amount
LifeSettlementContractsFairValueMethodCarryingAmount
83585374 usd
CY2023Q3 abl Sensitivity Analysis Of Fair Value Life Settlement Contracts Fair Value Impact Of2 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueLifeSettlementContractsFairValueImpactOf2PercentAdverseChangeInDiscountRate
89102871 usd
abl Sensitivity Analysis Of Fair Value Change In Life Settlement Contracts Fair Value Impact Of2 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueChangeInLifeSettlementContractsFairValueImpactOf2PercentAdverseChangeInDiscountRate
5517497 usd
CY2023Q3 abl Fair Value Option Change In Fair Value Gain Loss And Credit Risk Gains Losses On Assets
FairValueOptionChangeInFairValueGainLossAndCreditRiskGainsLossesOnAssets
-760457 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
-777131 usd
CY2023Q3 abl Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Equity Attributable To Noncontrolling Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEquityAttributableToNoncontrollingInterest
238902 usd
CY2023Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
2088797 usd
abl Fair Value Option Change In Fair Value Gain Loss And Credit Risk Gains Losses On Assets
FairValueOptionChangeInFairValueGainLossAndCreditRiskGainsLossesOnAssets
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
952661 usd
abl Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Equity Attributable To Noncontrolling Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEquityAttributableToNoncontrollingInterest
295348 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-309865 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28249653 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
88618714 usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-309865 usd
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-1635596 usd
abl Fair Value Option Change In Fair Value Gain Loss And Credit Risk Gains Losses On Assets
FairValueOptionChangeInFairValueGainLossAndCreditRiskGainsLossesOnAssets
-1945461 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
118813828 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
250000 usd
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
250000 usd
CY2022Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
500000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1000000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1000000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1650000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1300000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 abl Number Of Votes Per Common Share
NumberOfVotesPerCommonShare
1 vote
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63349823 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63349823 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50369350 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50369350 shares
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
61586 usd
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4511 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
86901 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12559 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1710315 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
352081 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.619
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.033
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2238419 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
648887 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.127
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.028
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M29D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0342
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0336
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
171295 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
77011 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
173799 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
48127 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29268 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
173799 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
77395 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
69904 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
12471 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
94846 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
36313 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
20540 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1221 usd
us-gaap Variable Lease Cost
VariableLeaseCost
29465 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2444 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
90444 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
13692 usd
us-gaap Lease Cost
LeaseCost
124311 usd
us-gaap Lease Cost
LeaseCost
38757 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
96891 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
36121 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
117527 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
118058 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q3 abl Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
235585 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
61786 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
173799 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
903361 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
9992004 usd
us-gaap Net Income Loss
NetIncomeLoss
15739009 usd
us-gaap Net Income Loss
NetIncomeLoss
21507702 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63349823 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63349823 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50369350 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50369350 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54632826 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54632826 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50369350 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50369350 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29

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