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Description of Organization and Summary of Significant Accounting Policies (Tables) - Angel Studios Inc. Cik0001671941 | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Schedule of concentration risk of major vendors and customers |  | Major vendors are defined as those vendors having expenditures made by the Company which exceed 10.0% of the Company’s total cost of revenues. Concentrations of vendors were as follows for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022 |
Vendor A |  | * | ​ | 35 | % | 41 | %
Vendor B |  | 26 | % | 22 | % | * | ​
Vendor C |  | * | ​ | 21 | % | * | ​
​ Major customers are defined as those customers generating revenues for the Company which exceed 10.0% of the Company’s total recognized revenues. Concentrations of customers were as follows for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 | ​ | 2022 | ​
Customer A |  | * | ​ | 12 | % | * | ​
​ Major concentrations of customers with licensing receivables are defined as those customers with a licensing receivables balances for the Company which exceed 10.0% of the Company’s outstanding licensing receivables. Concentrations of customers with licensing receivables balance were as follows for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 | ​ | 2022 | ​
Customer B |  | 100 | % | 100 | % | * | ​
*Vendors and customers that did not exceed the 10.0% concentration threshold.
Schedule of estimated economic useful lives of the assets |  | ​
​ | ​ | ​
Office and computer equipment |  | 3 years
Production equipment |  | 1 year
Leasehold improvements |  | 1 year
Furniture and fixtures |  | 3 years
Warehouse equipment |  | 3 - 5 years
Computer software |  | 2 years
Schedule of revenue recognized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended March 31,
​ |  | 2025 |  | 2024
Angel Guild | ​ | $ | 34,697,518 | ​ | $ | 4,662,313
Theatrical | ​ | ​ | 7,728,206 | ​ | ​ | 8,384,643
Content licensing | ​ |  | 2,596,504 | ​ |  | 10,065,025
Merchandise | ​ | ​ | 943,844 | ​ | ​ | 1,867,192
Theatrical Pay it Forward | ​ |  | 698,635 | ​ |  | —
Pay it Forward | ​ | ​ | 535,261 | ​ | ​ | 3,587,935
Other | ​ | ​ | 240,672 | ​ | ​ | 291,098
Total Revenue | ​ | $ | 47,440,640 |  | $ | 28,858,206
| ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2024 |  | 2023 |  | 2022
Angel Guild | ​ | $ | 35,646,375 | ​ | $ | 2,940,290 | ​ | $ | —
Theatrical | ​ | ​ | 29,445,641 | ​ | ​ | 106,838,828 | ​ | ​ | 4,720,674
Content licensing | ​ |  | 16,588,700 | ​ |  | 38,687,753 | ​ | ​ | 11,924,036
Merchandise | ​ | ​ | 5,808,750 | ​ | ​ | 18,020,076 | ​ | ​ | 23,609,414
Pay it Forward | ​ |  | 5,610,677 | ​ |  | 31,856,327 | ​ | ​ | 33,980,046
Theatrical Pay it Forward | ​ | ​ | 2,213,993 | ​ | ​ | 3,430,855 | ​ | ​ | —
Other | ​ | ​ | 1,202,303 | ​ | ​ | 663,187 | ​ | ​ | 1,282,392
Total Revenue | ​ | $ | 96,516,439 |  | $ | 202,437,316 | ​ | $ | 75,516,562
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Point in time revenue | ​ | $ | 60,002,166 | ​ | $ | 198,201,716 | ​ | $ | 73,927,248
Over time revenue | ​ |  | 36,514,273 | ​ |  | 4,235,600 | ​ |  | 1,589,314
Total revenue | ​ | $ | 96,516,439 | ​ | $ | 202,437,316 | ​ | $ | 75,516,562
Schedule of recently adopted accounting pronouncements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Balances as of December 31, 2024 | ​ | Adjustments from Adoption of the New Crypto Standard | ​ | Balances as of January 1, 2025
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Digital assets | $ | 12,457,387 | ​ | $ | 15,962,018 | ​ | $ | 28,419,405
Stockholders’ equity | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated deficit | $ | 99,870,749 | ​ | $ | (15,962,018) | ​ | $ | 83,908,731
​ |

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