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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Total portfolio servicing revenue $ 354,366 $ 419,422 $ 590,057 $ 990,328
Investment Income from life insurance policies held using investment method 8,263,499 5,965,466 16,655,833 13,980,466
Change in fair value of life insurance policies (policies held using fair value method) 2,760,900 2,014,013 4,339,084 3,305,505
Total active management revenue 11,024,399 7,979,479 20,994,917 17,285,971
Total revenues 11,378,765 8,398,901 21,584,974 18,276,299
COST OF REVENUES (excluding depreciation stated below)        
Total cost of revenue 973,400 666,119 1,462,950 2,086,075
Gross Profit 10,405,365 7,732,782 20,122,024 16,190,224
OPERATING EXPENSES:        
Sales and marketing 683,841 1,019,498 1,412,845 1,649,498
General and administrative expenses 577,539 5,499 1,274,431 646,705
Loss on change in fair value of debt 1,445,229 333,879 2,398,662 375,513
Unrealized loss (gain) on investments (672,936) 1,039,022 (798,156) 1,054,975
Depreciation 1,098 1,098 2,141 2,141
Total operating expenses 2,034,771 2,398,996 4,289,923 3,728,832
Operating Income 8,370,594 5,333,786 15,832,101 12,461,392
OTHER INCOME (EXPENSE)        
Interest (expense) (584,075) 0 (941,458) 0
Interest income 0 0 7,457 0
Other income (expense) 121,601 (127,455) (21,651) (242,247)
Total other income (expense) (462,474) (127,455) (955,652) (242,247)
Net income before provision for income taxes 7,908,120 5,206,331 14,876,449 12,219,145
Provision for income taxes (1,184,571) (120,132) (528,104) (296,806)
NET INCOME 6,723,549 5,086,199 14,348,345 11,922,339
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST (26,596) 406,641 (487,303) 406,641
NET INCOME ATTRIBUTABLE TO SHAREHOLDERS $ 6,750,145 $ 4,679,558 $ 14,835,648 $ 11,515,698
EARNINGS PER SHARE:        
Basic weighted average shares outstanding (in shares) [1] 50,507,728 50,369,350 50,438,921 50,369,350
Diluted weighted average shares outstanding (in shares) [1] 50,507,728 50,369,350 50,438,921 50,369,350
Basic net income per share (in dollars per share) $ 0.13 $ 0.09 $ 0.29 $ 0.23
Diluted net income per share (in dollars per share) $ 0.13 $ 0.09 $ 0.29 $ 0.23
NET INCOME $ 6,723,549 $ 5,086,199 $ 14,348,345 $ 11,922,339
Other comprehensive income, net of tax:        
Change in fair value of debt (119,663) 2,017,559 (231,976) 2,017,559
Comprehensive income 6,603,886 7,103,758 14,116,369 13,939,898
Comprehensive income (loss) attributable to non-controlling interests 56,111 (1,011,909) 543,749 (1,011,909)
Comprehensive income attributable to Abacus Life Inc. 6,659,997 6,091,849 14,660,118 12,927,989
Related Party        
REVENUES:        
Total portfolio servicing revenue 329,629 419,253 543,076 620,159
Nonrelated Party        
REVENUES:        
Total portfolio servicing revenue $ 24,737 $ 169 $ 46,981 $ 370,169
[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 the Abacus Life Inc. as a result of Business Combination.