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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 Other Comprehensive Income
Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2021 [1]     50,369,350        
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 1,494,476         1,127,983 366,493
Net Income 22,277,795       21,507,702   770,093
Ending balance (in shares) at Sep. 30, 2022 [1]     50,369,350        
Ending balance at Sep. 30, 2022 [1] 22,139,164   $ 5,037 704,963 19,312,750 1,127,983 988,431
Beginning balance (in shares) at Jun. 30, 2022 [1]     50,369,350        
Beginning balance at Jun. 30, 2022 [1] 12,306,791   $ 5,037 704,963 9,320,746 1,412,291 863,754
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (523,083)         (284,308) (238,775)
Net Income 10,355,456       9,992,004   363,452
Ending balance (in shares) at Sep. 30, 2022 [1]     50,369,350        
Ending balance at Sep. 30, 2022 [1] $ 22,139,164   $ 5,037 704,963 19,312,750 1,127,983 988,431
Beginning balance (in shares) at Dec. 31, 2022 50,369,350 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
Ending balance (in shares) at Jun. 30, 2023 [1]     62,961,688        
Ending balance at Jun. 30, 2023 [1] $ 160,498,915   $ 6,296 188,641,886 (29,382,362) 877,306 355,789
Beginning balance (in shares) at Dec. 31, 2022 50,369,350 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)     12,980,473        
Merger with East Resources Acquisition Company (2,796,225)   $ 1,298 17,849,052 (20,646,575)    
Acquisition of Abacus Settlements, LLC 165,361,332     165,361,332      
Proceeds received from SPAC trust 972,262     972,262      
Stock based compensation 4,583,632     4,583,632      
Transfer of non-controlling interest 0       (24,751)   24,751
Other comprehensive income (1,248,010)         (952,661) (295,349)
Net Income $ 15,399,317       15,739,009   (339,692)
Ending balance (in shares) at Sep. 30, 2023 63,349,823 63,349,823 63,349,823        
Ending balance at Sep. 30, 2023 $ 166,089,747   $ 6,335 194,197,741 (28,503,752) 100,175 289,248
Ending balance (in shares) at Jun. 30, 2023 [1]     62,961,688        
Ending balance at Jun. 30, 2023 [1] 160,498,915   $ 6,296 188,641,886 (29,382,362) 877,306 355,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Merger with East Resources Acquisition Company (in shares)     388,135        
Merger with East Resources Acquisition Company 0   $ 39 (39)      
Proceeds received from SPAC trust 972,262     972,262      
Stock based compensation 4,583,632     4,583,632      
Transfer of non-controlling interest 0       (24,751)   24,751
Other comprehensive income (1,016,034)         (777,131) (238,903)
Net Income $ 1,050,972       903,361   147,611
Ending balance (in shares) at Sep. 30, 2023 63,349,823 63,349,823 63,349,823        
Ending balance at Sep. 30, 2023 $ 166,089,747   $ 6,335 $ 194,197,741 $ (28,503,752) $ 100,175 $ 289,248
[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 Abacus Life Inc. as a result of the successful Business Combination.