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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Total
Class A Common Stock
Common Stock
Class A Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2021 50,369,350   50,369,350 [1]        
Beginning balance at Dec. 31, 2021 [1] $ 766,893   $ 5,037 $ 704,963 $ 205,048 $ 0 $ (148,155)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Distributions (2,400,000)       (2,400,000)    
Other Comprehensive Income 2,017,559         1,412,291 605,268
Net Income 11,922,339       11,515,698   406,641
Ending balance (in shares) at Jun. 30, 2022 [1]     50,369,350        
Ending balance at Jun. 30, 2022 [1] 12,306,791   $ 5,037 704,963 9,320,746 1,412,291 863,754
Beginning balance (in shares) at Mar. 31, 2022 [1]     50,369,350        
Beginning balance at Mar. 31, 2022 [1] 5,513,033   $ 5,037 704,963 4,951,188 0 (148,155)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Distributions (310,000)       (310,000)    
Other Comprehensive Income 2,017,559         1,412,291 605,268
Net Income 5,086,199       4,679,558   406,641
Ending balance (in shares) at Jun. 30, 2022 [1]     50,369,350        
Ending balance at Jun. 30, 2022 [1] 12,306,791   $ 5,037 704,963 9,320,746 1,412,291 863,754
Beginning balance (in shares) at Dec. 31, 2022   50,369,350 50,369,350 [1]        
Beginning balance at Dec. 31, 2022 [1] 28,149,697   $ 5,037 704,963 25,487,323 1,052,836 899,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Distributions (34,451,607)       (34,451,607)    
Deferred transaction costs (10,841,551)       (10,841,551)    
Public warrants 960,900     4,726,500 (3,765,600)    
Merger with East Resources Acquisition Company (in shares)     12,592,338        
Merger with East Resources Acquisition Company (2,796,225)   $ 1,259 17,849,091 (20,646,575)    
Acquisition of Abacus Settlements, LLC 165,361,332     165,361,332      
Other Comprehensive Income (231,976)         (175,530) (56,446)
Net Income $ 14,348,345       14,835,648   (487,303)
Ending balance (in shares) at Jun. 30, 2023 62,961,688 62,961,688 62,961,688        
Ending balance at Jun. 30, 2023 $ 160,498,915   $ 6,296 188,641,886 (29,382,362) 877,306 355,789
Beginning balance (in shares) at Mar. 31, 2023 [1]     50,369,350        
Beginning balance at Mar. 31, 2023 [1] 35,662,180   $ 5,037 704,963 33,572,826 967,454 411,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Distributions (34,451,607)       (34,451,607)    
Deferred transaction costs (10,841,551)       (10,841,551)    
Public warrants 960,900     4,726,500 (3,765,600)    
Merger with East Resources Acquisition Company (in shares)     12,592,338        
Merger with East Resources Acquisition Company (2,796,225)   $ 1,259 17,849,091 (20,646,575)    
Acquisition of Abacus Settlements, LLC 165,361,332     165,361,332      
Other Comprehensive Income (119,663)         (90,148) (29,515)
Net Income $ 6,723,549       6,750,145   (26,596)
Ending balance (in shares) at Jun. 30, 2023 62,961,688 62,961,688 62,961,688        
Ending balance at Jun. 30, 2023 $ 160,498,915   $ 6,296 $ 188,641,886 $ (29,382,362) $ 877,306 $ 355,789
[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 the successful Business Combination.