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Abacus Settlements LLC - UNAUDITED STATEMENTS OF CHANGES IN MEMBERS' EQUITY - USD ($)
Total
Additional Paid-In Capital
Retained Earnings
Abacus Settlements, LLC
Abacus Settlements, LLC
Common Units
Abacus Settlements, LLC
Additional Paid-In Capital
Abacus Settlements, LLC
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022         400    
Beginning balance at Dec. 31, 2022 $ 28,149,697 [1] $ 704,963 [1] $ 25,487,323 [1] $ 2,011,137 $ 4,000 $ 80,000 $ 1,927,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss       (656,803)     (656,803)
Ending balance (in shares) at Mar. 31, 2023         400    
Ending balance at Mar. 31, 2023 35,662,180 [1] 704,963 [1] 33,572,826 [1] 1,354,334 $ 4,000 80,000 1,270,334
Beginning balance (in shares) at Dec. 31, 2022         400    
Beginning balance at Dec. 31, 2022 28,149,697 [1] 704,963 [1] 25,487,323 [1] 2,011,137 $ 4,000 80,000 1,927,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ 14,835,648     (974,901)      
Ending balance (in shares) at Jun. 30, 2023 62,961,688       400    
Ending balance at Jun. 30, 2023 $ 160,498,915 [1] 188,641,886 [1] (29,382,362) [1] 593,953 $ 4,000 80,000 509,953
Beginning balance (in shares) at Mar. 31, 2023         400    
Beginning balance at Mar. 31, 2023 35,662,180 [1] 704,963 [1] 33,572,826 [1] 1,354,334 $ 4,000 80,000 1,270,334
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss 6,750,145     (318,098)     (318,098)
Distributions $ (34,451,607)   (34,451,607) (442,283)     (442,283)
Ending balance (in shares) at Jun. 30, 2023 62,961,688       400    
Ending balance at Jun. 30, 2023 $ 160,498,915 [1] 188,641,886 [1] (29,382,362) [1] $ 593,953 $ 4,000 $ 80,000 $ 509,953
Beginning balance (in shares) at Dec. 31, 2023 63,242,173            
Beginning balance at Dec. 31, 2023 [2] $ 164,070,076 199,826,278 (34,726,135)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ (578,762)            
Ending balance (in shares) at Jun. 30, 2024 74,436,341            
Ending balance at Jun. 30, 2024 $ 256,849,488 303,237,878 (34,514,318)        
Beginning balance at Mar. 31, 2024 165,340,772 209,889,362 (36,074,880)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ 769,983            
Ending balance (in shares) at Jun. 30, 2024 74,436,341            
Ending balance at Jun. 30, 2024 $ 256,849,488 $ 303,237,878 $ (34,514,318)        
[1] The 2023 and 2022 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.
[2] The 2023 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.