10-Q REVENUES (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of 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 revenue	32,750		89,424
Total portfolio servicing revenue	217,935		302,871
Active management revenue:
Investment income from life insurance policies
held using the investment method	500,000		8,392,334
Revenue from fee-based services and realized and unrealized gains
from life insurance policies held using the fair value method	19,296,999		1,578,184
Total active management revenue	19,796,999		9,970,518
Origination revenue:
Agent	557,500		—
Broker	883,250		—
Client direct	31,500		—
Total origination revenue	1,472,250		—
Total revenue	$	21,487,184	$	10,273,389

The following table presents a disaggregation of the Company’s revenue by major sources as follows:

	Years Ended December 31,
	2023		2022
Agent	$	1,750,911	$	—
Broker	2,148,141		—
Client direct	304,848		—
Total	$	4,203,900	$	—

Schedule of Contract Liabilities

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

The balances of contract liabilities arising from contracts with customers were as follows:

	December 31, 2023		December 31, 2022
Contract liabilities—beginning of year	$	—	$	—
Additions to Contract Liabilities	507,000		—
Recognition of revenue deferred in the prior year	—		—
Contract liabilities—end of year	$	507,000	$	—