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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES:        
Investment Income from life insurance policies held using investment method $ 1,817,764 $ 10,629,978 $ 18,473,597 $ 24,610,444
Change in fair value of life insurance policies (policies held using fair value method) 17,108,380 495,525 21,447,464 3,801,031
Total active management revenue 18,926,144 11,125,503 39,921,061 28,411,475
Total revenues 21,120,930 11,507,748 42,705,904 29,784,048
COST OF REVENUES (excluding depreciation and amortization stated below)        
Total cost of revenue 3,364,957 1,754,894 4,827,907 3,840,969
Gross Profit 17,755,973 9,752,854 37,877,997 25,943,079
OPERATING EXPENSES:        
Sales and marketing 1,704,154 14,905 3,116,999 1,664,403
General and administrative (including stock based compensation of $4,583,632) 9,838,951 59,816 11,113,382 706,523
(Gain) loss on change in fair value of debt (2,088,797) (1,235,032) 309,865 (859,519)
Unrealized loss (gain) on investments 306,800 246,846 (491,356) 1,301,821
Depreciation and amortization expense 1,694,853 1,071 1,696,994 3,211
Total operating expenses 11,455,961 (912,394) 15,745,884 2,816,439
Operating Income 6,300,012 10,665,248 22,132,113 23,126,640
OTHER INCOME (EXPENSE)        
Loss on change in fair value of warrant liability (943,400) 0 (943,400) 0
Interest (expense) (2,679,237) 0 (3,620,695) 0
Interest income 63,826 0 71,283 0
Other income (expense) 20,086 42,289 (1,565) (199,958)
Total other income (expense) (3,538,725) 42,289 (4,494,377) (199,958)
Net income before provision for income taxes 2,761,287 10,707,537 17,637,736 22,926,682
Income tax expense 1,710,315 352,081 2,238,419 648,887
NET INCOME 1,050,972 10,355,456 15,399,317 22,277,795
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST 147,611 363,452 (339,692) 770,093
NET INCOME ATTRIBUTABLE TO SHAREHOLDERS $ 903,361 $ 9,992,004 $ 15,739,009 $ 21,507,702
EARNINGS PER SHARE:        
Earnings per share - basic (in dollars per share) $ 0.01 $ 0.20 $ 0.29 $ 0.43
Earnings per share - diluted (in dollars per share) $ 0.01 $ 0.20 $ 0.29 $ 0.43
Weighted-average units outstanding - basic (in shares) [1] 63,349,823 50,369,350 54,632,826 50,369,350
Weighted-average units outstanding - diluted (in shares) [1] 63,349,823 50,369,350 54,632,826 50,369,350
NET INCOME $ 1,050,972 $ 10,355,456 $ 15,399,317 $ 22,277,795
Other comprehensive income, net of tax:        
Change in fair value of debt (risk adjusted) (1,016,034) (523,083) (1,248,010) 1,494,476
Comprehensive income before non-controlling interests 34,938 9,832,373 14,151,307 23,772,271
Net and comprehensive income (loss) attributable to non-controlling interests (91,292) 124,677 (635,041) 1,136,586
Comprehensive income attributable to Abacus Life, Inc. 126,230 9,707,696 14,786,348 22,635,685
Stock-based compensation 4,583,632   4,583,632  
Portfolio servicing revenue        
REVENUES:        
Revenue 224,569 382,245 814,626 1,372,573
Originations revenue        
REVENUES:        
Revenue 1,970,217 0 1,970,217 0
Related Party | Portfolio servicing revenue        
REVENUES:        
Revenue 168,899 132,220 711,975 752,379
Related Party | Originations revenue        
REVENUES:        
Revenue 254,517 0 254,517 0
Nonrelated Party | Portfolio servicing revenue        
REVENUES:        
Revenue 55,670 250,025 102,651 620,194
Nonrelated Party | Originations revenue        
REVENUES:        
Revenue $ 1,715,700 $ 0 $ 1,715,700 $ 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 Business Combination.