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Abacus Settlements LLC - REVENUE
 3 Months Ended
Mar. 31, 2024
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]  
REVENUE REVENUES
Disaggregated Revenue—The disaggregation of the Company’s revenue by major sources is as follows:
Three Months Ended
March 31,
2024		March 31,
2023
Portfolio servicing revenue:
Related party serving revenue$185,185 $213,447 
Portfolio servicing revenue32,750 89,424 
Total portfolio servicing revenue217,935 302,871 
Active management revenue:
Investment income from life insurance policies
held using the investment method500,000 8,392,334 
Revenue from fee-based services and realized and unrealized gains
from life insurance policies held using the fair value method19,296,999 1,578,184 
Total active management revenue19,796,999 9,970,518 
Origination revenue:
Agent557,500 — 
Broker883,250 — 
Client direct31,500 — 
Total origination revenue1,472,250 — 
Total revenue$21,487,184 $10,273,389 
Contract Balances—We had no contract assets at March 31, 2024 and December 31, 2023. The balances of contract liabilities arising from originated contracts with customers were as follows:
March 31,
2024		December 31,
2023
Contract liabilities, deposits on pending settlements$667,500 $507,000 
Total contract liabilities$667,500 $507,000 
Revenue recognized during the first quarter of 2024 that was included in our contract liabilities balance at December 31, 2023 was $507,000, less $347,000 intercompany revenue that was eliminated in consolidation.
Abacus Settlements, LLC  
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]  
REVENUE REVENUE
Disaggregated Revenue—The following table presents a disaggregation of Abacus’ revenue by major sources for three months ended March 31, 2023:
Three Months Ended
March 31,
2023
Agent$3,808,614 
Broker1,866,474 
Client direct624,898 
Total$6,299,986 
REVENUE
Disaggregated Revenue—The following table presents a disaggregation of Abacus’ revenue by major sources:
Six Months Ended
June 30
2023		Year Ended
December 31
2022
Agent$7,143,016 $12,156,552 
Broker4,675,973 9,938,808 
Client direct1,365,687 3,108,103 
Total$13,184,676 $25,203,463