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Abacus Settlements LLC - RELATED-PARTY TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2023
Subsidiary of Limited Liability Company or Limited Partnership [Line Items] |
Schedule of Related Party Transactions | For the three and nine months ended September 30, 2023, revenue earned, and contracts originated are below.
| Three and Nine Months Ended September 30, 2023
Origination fee revenue | $ | 254,517 |
Transaction reimbursement revenue | — |
Total | $ | 254,517 |
Cost | $ | 7,981 |
Face value | 46,650,000 |
Total policies | 7 |
Average Age | 70
Abacus Settlements, LLC |
Subsidiary of Limited Liability Company or Limited Partnership [Line Items] |
Schedule of Related Party Transactions | For three months ended June 30, 2023 and 2022, and for the six months ended June 30, 2023 and nine months ended September 30, 2022, revenue earned, and contracts originated are as follows:
| Three Months Ended June 30, |  | Three Months Ended September 30, |  | Six Months Ended June 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Origination fee revenue | $ | 1,504,532 |  |  | $ | 8,008,816 |  |  | $ | 2,952,837 |  |  | $ | 8,008,816 |
Transaction reimbursement revenue | 75,332 |  |  | 235,455 |  |  | 140,960 |  |  | 235,455 |
Total | $ | 1,579,864 |  |  | $ | 8,244,271 |  |  | $ | 3,093,797 |  |  | $ | 8,244,271 |
Cost | $ | 5,290,504 |  |  | $ | 4,511,346 |  |  | $ | 11,656,637 |  |  | $ | 4,511,346 |
Face value | 56,688,680 |  |  | 93,605,072 |  |  | 96,674,080 |  |  | 376,409,910 |
Total policies | 38 |  |  | 82 |  |  | 72 |  |  | 265 |
Average Age | 76 |  | 75 |  | 75 |  | 75

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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