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Other Receivables (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Schedule of Other Receivables, Net | As of December 31, 2023 and 2022, our notes receivable at amortized cost was comprised of the following:
| 2023 | 2022
Notes receivable, gross | $ | 146,225,832 |  | $ | 107,650,187 |
Deferred transaction income | (3,340,150) |  | (4,068,332) |
Notes receivable, amortized cost | $ | 142,885,682 |  | $ | 103,581,855 |
As of December 31, 2023 and 2022, the balance of other receivables, net, on the consolidated balance sheets was comprised of the following:
| 2023 | 2022
Late payment fees receivable, net | $ | 548,649 |  | $ | 209,734 |
Receivables from merchants, net | 1,023,079 |  | 2,322,976 |
Other receivables, net | $ | 1,571,728 |  | $ | 2,532,710 |
The activity in the allowance for credit losses related to late payment fees, including the provision for other credit losses, charge-offs, and recoveries for the year ended December 31, 2023 and 2022 is as follows:
| For the years ended December 31,
| 2023 | 2022
Balance at beginning of period | $ | 980,713 |  | $ | 1,691,071 |
Provision for other credit losses | 3,351,966 |  | 7,588,253 |
Charge-offs | (3,668,673) |  | (9,551,048) |
Recoveries of charged-off receivables | 608,347 |  | 1,252,437 |
Balance at end of period | $ | 1,272,353 |  | $ | 980,713 |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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