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Abacus Settlements LLC - UNAUDITED CONDENSED STATEMENTS OF CHANGES IN MEMBERS' EQUITY - USD ($)
Total
Additional Paid-In Capital
Retained Earnings
Abacus Settlements, LLC
Abacus Settlements, LLC
Common Units
Abacus Settlements, LLC
Additional Paid-In Capital
Abacus Settlements, LLC
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2021         400    
Beginning balance at Dec. 31, 2021 $ 766,893 [1] $ 704,963 [1] $ 205,048 [1] $ 2,722,995 $ 4,000 $ 80,000 $ 2,638,995
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 21,507,702     149,789     149,789
Distributions (2,400,000)   (2,400,000) (661,308)     (661,308)
Ending balance (in shares) at Sep. 30, 2022         400    
Ending balance at Sep. 30, 2022 22,139,164 [1] 704,963 [1] 19,312,750 [1] 2,211,476 $ 4,000 80,000 2,127,476
Beginning balance (in shares) at Jun. 30, 2022         400    
Beginning balance at Jun. 30, 2022 12,306,791 [1] 704,963 [1] 9,320,746 [1] 2,335,914 $ 4,000 80,000 2,251,914
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 9,992,004     (122,999)     (122,999)
Distributions       (1,439)     (1,439)
Ending balance (in shares) at Sep. 30, 2022         400    
Ending balance at Sep. 30, 2022 $ 22,139,164 [1] 704,963 [1] 19,312,750 [1] 2,211,476 $ 4,000 80,000 2,127,476
Beginning balance (in shares) at Dec. 31, 2022 50,369,350       400    
Beginning balance at Dec. 31, 2022 $ 28,149,697 [1] 704,963 [1] 25,487,323 [1] 2,011,137 $ 4,000 80,000 1,927,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss)       (974,901)     (974,901)
Distributions       (442,283)     (442,283)
Ending balance (in shares) at Jun. 30, 2023         400    
Ending balance at Jun. 30, 2023 $ 160,498,915 [1] 188,641,886 [1] (29,382,362) [1] 593,953 $ 4,000 80,000 509,953
Beginning balance (in shares) at Dec. 31, 2022 50,369,350       400    
Beginning balance at Dec. 31, 2022 $ 28,149,697 [1] 704,963 [1] 25,487,323 [1] 2,011,137 $ 4,000 80,000 1,927,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 15,739,009            
Distributions $ (34,451,607)   (34,451,607)        
Ending balance (in shares) at Sep. 30, 2023 63,349,823            
Ending balance at Sep. 30, 2023 $ 166,089,747 194,197,741 (28,503,752)        
Beginning balance (in shares) at Mar. 31, 2023         400    
Beginning balance at Mar. 31, 2023       1,354,334 $ 4,000 80,000 1,270,334
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss)       (318,098)     (318,098)
Distributions       (442,283)     (442,283)
Ending balance (in shares) at Jun. 30, 2023         400    
Ending balance at Jun. 30, 2023 160,498,915 [1] 188,641,886 [1] (29,382,362) [1] $ 593,953 $ 4,000 $ 80,000 $ 509,953
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ 903,361            
Ending balance (in shares) at Sep. 30, 2023 63,349,823            
Ending balance at Sep. 30, 2023 $ 166,089,747 $ 194,197,741 $ (28,503,752)        
[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.