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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill by reportable segments were as follows:
Reportable Segment | December 31, 2025 | Additions | Adjustments | March 31, 2026
Life Solutions | $ | 147,007,357 |  | $ | — |  | $ | — |  | $ | 147,007,357 |
Asset Management | 105,772,527 |  | — |  | — |  | 105,772,527 |
Total | $ | 252,779,884 |  | $ | — |  | $ | — |  | $ | 252,779,884 |
Schedule of Finite-Lived Intangible Assets | Intangible Assets Acquired comprised of the following:
Asset Type |  | Net Book Value |  | Useful Life |  | Weighted Average Remaining Amortization Period |  | Valuation Methodology
Management agreements |  | $ | 47,400,000 |  |  | 4 - 8 years |  | 3.8 years |  | Multi-period excess-earnings method
Customer relationships |  | 31,693,300 |  |  | 3 - 10 years |  | 2.2 years |  | Multi-period excess-earnings method
Non-compete agreements |  | 7,400,000 |  |  | 1 - 3 years |  | 0.1 years |  | With or Without Method
Internally developed and used technology |  | 2,100,000 |  |  | 2 - 3 years |  | 0.0 years |  | Replacement Cost Method
Trade Name |  | 2,500,000 |  |  | 3 - 10 years |  | 0.3 years |  | Relief from Royalty Method
State Insurance Licenses |  | 2,700,000 |  |  | Indefinite |  |  |  | Replacement Cost Method
Trade Name |  | 900,000 |  |  | Indefinite |  |  |  | Relief from Royalty Method
|  | $ | 94,693,300 |  |  |  |  | 6.4 years |  |
Intangible assets and related accumulated amortization as of March 31, 2026 are as follows:
|  | March 31, 2026
|  | Gross Value |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |
Management agreements |  | $ | 47,400,000 |  |  | $ | 11,116,825 |  |  | $ | 36,283,175 |
Customer relationships |  | 31,693,300 |  |  | 12,732,800 |  |  | 18,960,500 |
Non-compete agreements |  | 7,400,000 |  |  | 6,122,222 |  |  | 1,277,778 |
Internally developed and used technology |  | 2,100,000 |  |  | 1,869,445 |  |  | 230,555 |
Trade Name |  | 2,500,000 |  |  | 377,778 |  |  | 2,122,222 |
Total |  | $ | 91,093,300 |  |  | $ | 32,219,070 |  |  | $ | 58,874,230 |
Indefinite Lived Intangible Assets: |  |  |  |  |  |
State Insurance Licenses |  | 2,700,000 |  |  | — |  |  | 2,700,000 |
Trade Name |  | 900,000 |  |  | — |  |  | 900,000 |
Total |  | $ | 94,693,300 |  |  | $ | 32,219,070 |  |  | $ | 62,474,230 |
|  | December 31, 2025
|  | Gross Value |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |
Management agreements |  | $ | 47,400,000 |  |  | $ | 9,032,419 |  |  | $ | 38,367,581 |
Customer relationships |  | 31,693,300 |  |  | 11,335,052 |  |  | 20,358,248 |
Non-compete agreements |  | 7,400,000 |  |  | 5,930,556 |  |  | 1,469,444 |
Internally developed and used technology |  | 2,100,000 |  |  | 1,827,777 |  |  | 272,223 |
Trade Name |  | 2,500,000 |  |  | 286,111 |  |  | 2,213,889 |
Total |  | $ | 91,093,300 |  |  | $ | 28,411,915 |  |  | $ | 62,681,385 |
Indefinite Lived Intangible Assets: |  |  |  |  |  |
State Insurance Licenses |  | 2,700,000 |  |  | — |  |  | 2,700,000 |
Trade Name |  | 900,000 |  |  | — |  |  | 900,000 |
Total |  | $ | 94,693,300 |  |  | $ | 28,411,915 |  |  | $ | 66,281,385 |
Schedule of Indefinite-Lived Intangible Assets | Intangible Assets Acquired comprised of the following:
Asset Type |  | Net Book Value |  | Useful Life |  | Weighted Average Remaining Amortization Period |  | Valuation Methodology
Management agreements |  | $ | 47,400,000 |  |  | 4 - 8 years |  | 3.8 years |  | Multi-period excess-earnings method
Customer relationships |  | 31,693,300 |  |  | 3 - 10 years |  | 2.2 years |  | Multi-period excess-earnings method
Non-compete agreements |  | 7,400,000 |  |  | 1 - 3 years |  | 0.1 years |  | With or Without Method
Internally developed and used technology |  | 2,100,000 |  |  | 2 - 3 years |  | 0.0 years |  | Replacement Cost Method
Trade Name |  | 2,500,000 |  |  | 3 - 10 years |  | 0.3 years |  | Relief from Royalty Method
State Insurance Licenses |  | 2,700,000 |  |  | Indefinite |  |  |  | Replacement Cost Method
Trade Name |  | 900,000 |  |  | Indefinite |  |  |  | Relief from Royalty Method
|  | $ | 94,693,300 |  |  |  |  | 6.4 years |  |
Intangible assets and related accumulated amortization as of March 31, 2026 are as follows:
|  | March 31, 2026
|  | Gross Value |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |
Management agreements |  | $ | 47,400,000 |  |  | $ | 11,116,825 |  |  | $ | 36,283,175 |
Customer relationships |  | 31,693,300 |  |  | 12,732,800 |  |  | 18,960,500 |
Non-compete agreements |  | 7,400,000 |  |  | 6,122,222 |  |  | 1,277,778 |
Internally developed and used technology |  | 2,100,000 |  |  | 1,869,445 |  |  | 230,555 |
Trade Name |  | 2,500,000 |  |  | 377,778 |  |  | 2,122,222 |
Total |  | $ | 91,093,300 |  |  | $ | 32,219,070 |  |  | $ | 58,874,230 |
Indefinite Lived Intangible Assets: |  |  |  |  |  |
State Insurance Licenses |  | 2,700,000 |  |  | — |  |  | 2,700,000 |
Trade Name |  | 900,000 |  |  | — |  |  | 900,000 |
Total |  | $ | 94,693,300 |  |  | $ | 32,219,070 |  |  | $ | 62,474,230 |
|  | December 31, 2025
|  | Gross Value |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |
Management agreements |  | $ | 47,400,000 |  |  | $ | 9,032,419 |  |  | $ | 38,367,581 |
Customer relationships |  | 31,693,300 |  |  | 11,335,052 |  |  | 20,358,248 |
Non-compete agreements |  | 7,400,000 |  |  | 5,930,556 |  |  | 1,469,444 |
Internally developed and used technology |  | 2,100,000 |  |  | 1,827,777 |  |  | 272,223 |
Trade Name |  | 2,500,000 |  |  | 286,111 |  |  | 2,213,889 |
Total |  | $ | 91,093,300 |  |  | $ | 28,411,915 |  |  | $ | 62,681,385 |
Indefinite Lived Intangible Assets: |  |  |  |  |  |
State Insurance Licenses |  | 2,700,000 |  |  | — |  |  | 2,700,000 |
Trade Name |  | 900,000 |  |  | — |  |  | 900,000 |
Total |  | $ | 94,693,300 |  |  | $ | 28,411,915 |  |  | $ | 66,281,385 |
Schedule of Estimated Annual Amortization for Intangible Assets | Estimated future amortization of definite-lived intangible assets as of March 31, 2026 is as follows:
2026 remaining |  | $ | 11,404,795 |
2027 |  | 15,014,728 |
2028 |  | 11,501,255 |
2029 |  | 7,813,616 |
2030 |  | 5,999,171 |
Thereafter |  | 7,140,665 |
Total |  | $ | 58,874,230 |

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