Other Receivables (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Other Receivables, Net

As of December 31, 2023 and 2022, our notes receivable at amortized cost was comprised of the following:

	2023		2022
Notes receivable, gross	$	146,225,832	$	107,650,187
Deferred transaction income	(3,340,150)		(4,068,332)
Notes receivable, amortized cost	$	142,885,682	$	103,581,855

As of December 31, 2023 and 2022, the balance of other receivables, net, on the consolidated balance sheets was comprised of the following:

	2023		2022
Late payment fees receivable, net	$	548,649	$	209,734
Receivables from merchants, net	1,023,079		2,322,976
Other receivables, net	$	1,571,728	$	2,532,710

The activity in the allowance for credit losses related to late payment fees, including the provision for other credit losses, charge-offs, and recoveries for the year ended December 31, 2023 and 2022 is as follows:

	For the years ended December 31,
	2023		2022
Balance at beginning of period	$	980,713	$	1,691,071
Provision for other credit losses	3,351,966		7,588,253
Charge-offs	(3,668,673)		(9,551,048)
Recoveries of charged-off receivables	608,347		1,252,437
Balance at end of period	$	1,272,353	$	980,713