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Business Segment Information
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Business Segment Information

13) Business Segment Information

 

The company has identified one reportable segment. This determination is made by our Chief Executive Officer, who acts as the chief operating decision-maker (“CODM”), in assessing performance and making decisions regarding resource allocation. The CODM assesses performance by reviewing the consolidated financial statements, which reflect the financial results of our one reportable operating segment.

 

Although the Company operates as one reportable segment, it serves a diverse network of 8,600 dealerships across 47 states, in which we provide financing to the dealer’s less credit- worthy borrowers. During the year ended December 31, 2024, no dealer accounted for as much as 2% of the total number of automobile contracts we purchased, and revenue generated from any individual borrower is deemed to be immaterial.