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Other Receivables (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Other Receivables, Net
As of September 30, 2024 and December 31, 2023, our notes receivable at amortized cost was comprised of the following:

September 30, 2024December 31, 2023
Notes receivable, gross$155,072,914 $146,225,832 
Deferred transaction income(3,659,424)(3,340,150)
Notes receivable, amortized cost$151,413,490 $142,885,682 
As of September 30, 2024 and December 31, 2023, the balance of other receivables, net, on the consolidated balance sheets was comprised of the following:

As ofSeptember 30, 2024December 31, 2023
Late payment fees receivable, net$1,362,289 $548,649 
Receivables from merchants, net589,751 1,023,079 
Receivables from originating partner
1,871,240 — 
Other receivables, net$3,823,280 $1,571,728 
The activity in the allowance for other credit losses related to late payment fees, including the provision for other credit losses, charge-offs, and recoveries for the three and nine months ended September 30, 2024 and 2023 was as follows:

For the three months ended September 30, For the nine months ended September 30,
2024202320242023
Balance at beginning of period$1,525,889 $768,602 $1,272,353 $980,713 
Provision for other credit losses2,340,716 917,226 4,939,580 2,067,268 
Charge-offs(1,381,418)(783,784)(3,994,062)(2,539,804)
Recoveries of charged-off receivables107,814 114,396 375,130 508,263 
Balance at end of period$2,593,001 $1,016,440 $2,593,001 $1,016,440