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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in goodwill by reportable segments were as follows:
 
    
Abacus
Settlements,
LLC
  
Goodwill at January 1, 2022
    $ —  
Additions
      —  
    
 
 
  
Goodwill at June 30, 2022
    $ —  
    
 
 
  
Goodwill at January 1, 2023
    $ —  
Additions
      140,287,000  
    
 
 
  
Goodwill at June 30, 2023
    $ 140,287,000  
    
 
 
  
Schedule of Finite-Lived Intangible Assets
Intangible Assets Acquired comprised of the following:
 
Asset Type
  
Fair Value
    
Useful Life
    
Valuation Methodology
Customer Relationships—Agents
   $ 12,600,000       5 years    
Multi-period excess-earnings method
Customer Relationships—Financial Relationships
     11,000,000       8 years     Multi-period excess-earnings method
Internally Developed and Used Technology—APA
     1,600,000       2 years     Relief from Royalty Method
Internally Developed and Used Technology—Market Place
     100,000       3 years     Replacement Cost Method
Trade Name
     900,000       Indefinite     Relief from Royalty Method
Non-Compete
Agreements
     4,000,000       2 years     With or Without Method
State Insurance Licenses
     2,700,000       Indefinite     Replacement Cost Method
   
 
 
              
    $ 32,900,000              
   
 
 
              
Schedule of Indefinite-Lived Intangible Assets
Intangible Assets Acquired comprised of the following:
 
Asset Type
  
Fair Value
    
Useful Life
    
Valuation Methodology
Customer Relationships—Agents
   $ 12,600,000       5 years    
Multi-period excess-earnings method
Customer Relationships—Financial Relationships
     11,000,000       8 years     Multi-period excess-earnings method
Internally Developed and Used Technology—APA
     1,600,000       2 years     Relief from Royalty Method
Internally Developed and Used Technology—Market Place
     100,000       3 years     Replacement Cost Method
Trade Name
     900,000       Indefinite     Relief from Royalty Method
Non-Compete
Agreements
     4,000,000       2 years     With or Without Method
State Insurance Licenses
     2,700,000       Indefinite     Replacement Cost Method
   
 
 
              
    $ 32,900,000