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10-Q INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
Total
Class A Common Stock
Common Stock
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficits)
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 $ 0 $ 704,963 $ 205,048 $ 0 $ (148,155)
Beginning balance, Treasury stock (in shares) at Dec. 31, 2021 [1]         0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other comprehensive income 1,395,830             1,052,836 342,994
Net Income $ 32,386,974           31,682,275   704,699
Ending balance (in shares) at Dec. 31, 2022 50,369,350     50,369,350 [1],[2]          
Ending balance, Treasury stock (in shares) at Dec. 31, 2022 0       0 [1],[2]        
Ending balance at Dec. 31, 2022 [1],[2] $ 28,149,697     $ 5,037 $ 0 704,963 25,487,323 1,052,836 899,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other comprehensive income (112,313)             (85,382) (26,931)
Net Income 7,624,796           8,085,503   (460,707)
Ending balance (in shares) at Mar. 31, 2023 [2]       50,369,350          
Ending balance, Treasury stock (in shares) at Mar. 31, 2023 [2]         0        
Ending balance at Mar. 31, 2023 [2] $ 35,662,180     $ 5,037 $ 0 704,963 33,572,826 967,454 411,900
Beginning balance (in shares) at Dec. 31, 2022 50,369,350     50,369,350 [1],[2]          
Beginning balance at Dec. 31, 2022 [1],[2] $ 28,149,697     $ 5,037 $ 0 704,963 25,487,323 1,052,836 899,538
Beginning balance, Treasury stock (in shares) at Dec. 31, 2022 0       0 [1],[2]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Deferred transaction costs $ (11,397,402)         (555,851) (10,841,551)    
Repurchase of common stock (in shares) (146,650)       (146,650)        
Repurchase of common stock $ (1,283,062)       $ (1,283,062)        
Stock-based compensation 10,768,024   $ 4     10,768,020      
Other comprehensive income (1,248,330)             (944,463) (303,867)
Net Income $ 9,034,487           9,516,626   (482,139)
Ending balance (in shares) at Dec. 31, 2023 63,388,823 63,388,823   63,388,823          
Ending balance, Treasury stock (in shares) at Dec. 31, 2023 (146,650)       (146,650)        
Ending balance at Dec. 31, 2023 $ 164,070,076     $ 6,339 $ (1,283,062) 199,826,278 (34,726,135) 108,373 138,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Deferred transaction costs (483,451)         (483,451)      
Repurchase of common stock (in shares)         (632,116)        
Repurchase of common stock (7,524,392)       $ (7,524,392)        
Stock-based compensation 6,093,371         6,093,371      
Warrant Conversions (in shares)       387,235          
Warrant Conversions 4,453,203     $ 39   4,453,164      
Other comprehensive income 7,436             11,950 (4,514)
Net Income $ (1,275,471)           (1,348,745)   73,274
Ending balance (in shares) at Mar. 31, 2024 62,997,292 63,776,058   63,776,058          
Ending balance, Treasury stock (in shares) at Mar. 31, 2024 (778,766)       (778,766)        
Ending balance at Mar. 31, 2024 $ 165,340,772     $ 6,378 $ (8,807,454) $ 209,889,362 $ (36,074,880) $ 120,323 $ 207,043
[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.
[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.