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v3.25.2

Investments in Affiliates (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Oct. 31, 2023
Investments in Affiliates |  |  |  |  |  |
Carrying amounts of the VIE assets | $ 1,027,658 |  | $ 1,055,129 | $ 46,881,358 |  |
Carrying amounts of the VIEs liabilities | 9,201,636 |  | 9,127,425 | 5,560,518 |  |
Primary beneficiary of a VIE |  |  |  |  |  |
Investments in Affiliates |  |  |  |  |  |
Carrying amounts of the VIE assets |  |  | 8,600,000 |  |  |
Angel Studios, Inc. CIK: 0001671941 |  |  |  |  |  |
Investments in Affiliates |  |  |  |  |  |
Carrying amounts of the VIE assets | 118,582,516 |  | 98,524,262 | 98,258,195 |  |
Carrying amounts of the VIEs liabilities | 124,538,346 |  | 94,672,613 | 58,582,535 |  |
Aggregate purchase price |  |  |  |  |  | $ 1,000,000
Impairment of investment in affiliates |  |  | 1,000,000 |  |  |
Investees' net income (loss) | $ 40,698 | $ 24,843 | 67,608 | 9,364 | $ 67,608 |
Carrying value of investments from equity method investment |  |  | 2,600,000 | 2,600,000 |  |
Carrying value of investments from cost method investment |  |  | 5,600,000 | $ 900,000 |  |
Impairment of cost method investment |  |  | 0 |  |  |
Angel Studios, Inc. CIK: 0001671941 | Unconsolidated primary beneficiary |  |  |  |  |  |
Investments in Affiliates |  |  |  |  |  |
Equity investment, totaling |  |  | 0 |  |  |
Angel Studios, Inc. CIK: 0001671941 | Primary beneficiary of a VIE |  |  |  |  |  |
Investments in Affiliates |  |  |  |  |  |
Carrying amounts of the VIEs liabilities |  |  | 8,600,000 |  |  |
Redemption of preferred shares of that VIE |  |  | $ 6,000,000 |  |  |

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