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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 15,399,317 $ 22,277,795
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization expense 1,696,994 3,211
Stock based compensation 4,583,632 0
Deferred financing fees 133,211 0
Unrealized (gain) loss on investments (491,356) 1,301,821
Unrealized (gain) on policies (14,259,665) (3,957,809)
(Gain) loss on change in fair value of debt 309,865 (859,519)
Deferred income taxes 1,743,079 648,887
Non-cash interest expense 1,064,130 0
Non-cash lease expense (721) 192
Changes in operating assets and liabilities:    
Accounts receivable (929,020) 0
Accounts receivable, related party 29,199 (364,931)
Prepaid expenses and other current assets (325,294) (1,920,015)
Other noncurrent assets (634,409) 0
Accounts payable (38,014) 44,103,901
Accrued expenses 112,388 0
Accrued transaction costs (908,256) 0
Contract liability—deposits on pending settlements (632,381) 0
Other current liabilities 3,089,077 1,352,878
Life settlement policies, at fair value (55,516,357) (7,105,000)
Life settlement policies, at cost (5,601,493) (61,876,742)
Net cash used in operating activities (51,176,074) (6,395,331)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of other investments (350,000) (250,000)
Purchase of property and equipment (96,721) 0
Due from affiliates 3,016,158 (1,682,664)
Net cash provided (used) in investing activities 2,569,437 (1,932,664)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Due to owners 442,283 2,500,000
Issuance of debt certificates 87,478,232 12,900,291
Issuance of private warrants 943,400 0
Transaction costs (10,841,551) 0
Proceeds received from SPAC trust 972,262 0
Net cash provided by financing activities 55,203,004 12,069,661
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,596,367 3,741,666
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 30,052,823 102,421
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 36,649,190 3,844,087
Related Party    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Capital distribution (23,533,073) (2,400,000)
Affiliated Entity    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Capital distribution $ (258,549) $ (930,630)