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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 36,649,190 $ 30,052,823
Prepaid expenses and other current assets 961,427 116,646
Total current assets 39,518,757 33,282,927
Property and equipment, net 261,882 18,617
Intangible assets, net 31,217,917 0
Goodwill 140,287,000 0
Operating right-of-use assets 171,295 77,011
Life settlement policies, at cost 4,116,499 8,716,111
Life settlement policies, at fair value 83,585,374 13,809,352
Available-for-sale securities, at fair value 1,000,000 1,000,000
Other investments, at cost 1,650,000 1,300,000
Other assets 998,469 0
Equity securities, at fair value 1,494,744 890,829
TOTAL ASSETS 304,301,937 59,094,847
CURRENT LIABILITIES:    
Accrued expenses 636,788 0
Accounts payable 2,000 40,014
Operating lease liability, current 173,799 48,127
Contract liabilities - deposits on pending settlements 348,836 0
Accrued transaction costs 0 908,256
Income taxes payable 80,573 0
Total current liabilities 5,457,675 1,302,409
Operating lease liability, noncurrent 0 29,268
Deferred tax liability 10,558,687 1,363,820
Warrant liability 3,382,000 0
TOTAL LIABILITIES 138,212,190 30,945,150
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Additional paid-in capital 194,197,741 704,963
(Accumulated deficit) retained earnings (28,503,752) 25,487,323
Accumulated other comprehensive income 100,175 1,052,836
Non-controlling interest 289,248 899,538
Total shareholders' equity 166,089,747 28,149,697 [1]
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 304,301,937 59,094,847
Class A Common Stock    
SHAREHOLDERS' EQUITY    
Class A common stock, 0.0001 par value; 200,000,000 authorized shares; 63,349,823 and 50,369,350 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 6,335 5,037
Nonrelated Party    
CURRENT ASSETS:    
Accounts receivable 960,720 10,448
CURRENT LIABILITIES:    
Other current liabilities 3,050,731 42,227
Long-term debt 82,278,050 28,249,653
Affiliated Entity    
CURRENT ASSETS:    
Other receivables 772,545 2,904,646
CURRENT LIABILITIES:    
Other current liabilities 5,236 263,785
Related Party    
CURRENT ASSETS:    
Accounts receivable 174,875 198,364
CURRENT LIABILITIES:    
Long-term debt 36,535,778 0
Owners    
CURRENT LIABILITIES:    
Other current liabilities $ 1,159,712 $ 0
[1] Both the number of shares outstanding and their par value have been retrospectively recast for all prior periods presented to reflect the par value of the outstanding stock of Abacus Life Inc. as a result of the successful Business Combination.