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Other Receivables (Tables)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Other Receivables, Net
As of March 31, 2024 and December 31, 2023, our notes receivable at amortized cost was comprised of the following:

March 31, 2024December 31, 2023
Notes receivable, gross$115,177,267 $146,225,832 
Deferred transaction income(2,662,864)(3,340,150)
Notes receivable, amortized cost$112,514,403 $142,885,682 
As of March 31, 2024 and December 31, 2023, the balance of other receivables, net, on the consolidated balance sheets was comprised of the following:

As ofMarch 31, 2024December 31, 2023
Late payment fees receivable, net$400,502 $548,649 
Receivables from merchants, net915,828 1,023,079 
Other receivables, net$1,316,330 $1,571,728 
The activity in the allowance for other credit losses related to late payment fees, including the provision for other credit losses, charge-offs, and recoveries for the three months ended March 31, 2024 and 2023 was as follows:

For the three months ended March 31,
20242023
Balance at beginning of period$1,272,353 $980,713 
Provision for other credit losses1,078,409 516,319 
Charge-offs(1,405,420)(997,683)
Recoveries of charged-off receivables145,148 237,142 
Balance at end of period$1,090,490 $736,491