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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill by reportable segments were as follows:

Reportable SegmentDecember 31, 2024AdditionsAdjustmentsSeptember 30, 2025
Life Solutions$139,930,190 $10,725,271 $— $150,655,461 
Asset Management98,366,010 — (61,834)98,304,176 
Total$238,296,200 $10,725,271 $(61,834)$248,959,637 
Schedule of Finite-Lived Intangible Assets
Intangible assets acquired comprised of the following:
Asset TypeFair ValueUseful LifeValuation Methodology
Management agreements$47,400,000 
4 - 8 years
Multi-period excess-earnings method
Customer relationships31,693,300 
3 - 10 years
Multi-period excess-earnings method
Non-compete agreements7,400,000 
1 - 3 years
With or Without Method
Internally developed and used technology2,100,000 
2 - 3 years
Replacement Cost Method
Trade Name2,500,000 
3 - 10 years
Relief from Royalty Method
State Insurance Licenses2,700,000 IndefiniteReplacement Cost Method
Trade Name900,000 IndefiniteRelief from Royalty Method
Total$94,693,300 
Intangible assets and related accumulated amortization are as follows:
September 30, 2025
Gross ValueAccumulated AmortizationNet Book Value
Definite-Lived Intangible Assets:
Management agreements$47,400,000 $6,948,015 $40,451,985 
Customer relationships31,693,300 9,937,304 21,755,996 
Non-compete agreements7,400,000 5,555,556 1,844,444 
Internally developed and used technology2,100,000 1,786,111 313,889 
Trade Name2,500,000 194,445 2,305,555 
Total$91,093,300 $24,421,431 $66,671,869 
Indefinite-Lived Intangible Assets:
State Insurance Licenses$2,700,000 $— $2,700,000 
Trade Name900,000 — 900,000 
Total$94,693,300 $24,421,431 $70,271,869 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets acquired comprised of the following:
Asset TypeFair ValueUseful LifeValuation Methodology
Management agreements$47,400,000 
4 - 8 years
Multi-period excess-earnings method
Customer relationships31,693,300 
3 - 10 years
Multi-period excess-earnings method
Non-compete agreements7,400,000 
1 - 3 years
With or Without Method
Internally developed and used technology2,100,000 
2 - 3 years
Replacement Cost Method
Trade Name2,500,000 
3 - 10 years
Relief from Royalty Method
State Insurance Licenses2,700,000 IndefiniteReplacement Cost Method
Trade Name900,000 IndefiniteRelief from Royalty Method
Total$94,693,300 
Intangible assets and related accumulated amortization are as follows:
September 30, 2025
Gross ValueAccumulated AmortizationNet Book Value
Definite-Lived Intangible Assets:
Management agreements$47,400,000 $6,948,015 $40,451,985 
Customer relationships31,693,300 9,937,304 21,755,996 
Non-compete agreements7,400,000 5,555,556 1,844,444 
Internally developed and used technology2,100,000 1,786,111 313,889 
Trade Name2,500,000 194,445 2,305,555 
Total$91,093,300 $24,421,431 $66,671,869 
Indefinite-Lived Intangible Assets:
State Insurance Licenses$2,700,000 $— $2,700,000 
Trade Name900,000 — 900,000 
Total$94,693,300 $24,421,431 $70,271,869 
Schedule of Estimated Annual Amortization for Intangible Assets
Estimated annual amortization of intangible assets for the next five years ending December 31 and thereafter is as follows:
2025 remaining$3,990,487 
202615,211,950 
202715,014,727 
202811,501,255 
20297,813,616 
Thereafter13,139,834 
Total$66,671,869