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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2024
Acquisitions [Abstract]  
Schedule of Purchase Price Allocation as of the Acquisition Date The purchase price allocation as of the acquisition date is presented as follows:
   March 13,
2024
 
Purchase consideration:    
Common Stock, at fair value  $14,137,606 
Assumption of notes payable   8,449,500 
Cash paid   1,587,184 
Total purchase consideration  $24,174,290 
      
Purchase price allocation:     
Cash  $1,728,400 
Loans held for investment   7,027,678 
Fixed assets   243,879 
Intangible assets   11,720,000 
Prepaid expenses   1,269,933 
Goodwill   10,930,978 
Operating lease right of use asset   341,121 
Accounts payable and other current liabilities   (3,430,171)
Lease liability   (341,121)
Revolving line of credit   (5,316,407)
Fair value of net assets acquired  $24,174,290 
Schedule of Intangible Assets Acquired Estimated Useful Lives Date of Acquisition The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in years):
   Fair value   Useful life
Trademarks and Tradenames  $1,700,000   5
Internally developed software   3,600,000   3
Merchant relationships   5,900,000   5
State operating licenses   520,000   Indefinite
Total intangible assets  $11,720,000    
Schedule of Pro Forma Financial Information In addition, the unaudited pro forma financial information does not give effect to any anticipated cost savings, operating efficiencies or other synergies that may be associated with the merger, or any estimated costs that have been or will be incurred by the Company to integrate the assets and operations of Credova.
   Three months
ended
June 30,
2024
   Six months
ended
June 30,
2024
 
Revenue  $5,985,228   $12,364,682 
Net loss  $(11,156,867)  $(22,420,823)
   Three months
ended
June 30,
2023
   Six months
ended
June 30,
2023
 
Revenue  $4,277,206   $8,294,162 
Net loss  $(20,423,401)  $(31,121,753)
Schedule of Acquisition Date Fair Value of Asset Acquired The following table presents the acquisition date fair value of the asset acquired:
Assets acquired:    
Balance - January 1, 2023  $
-
 
Issuance of common stock at fair value   1,334,850 
Legal costs capitalized   42,611 
Balance - December 31, 2023  $1,377,461