| Balance Sheets | 2025-06-30 | |||
|---|---|---|---|---|
| Property and equipment, net | 1,517,845 | |||
| Other assets | 10,845,818 | |||
| Life settlement policies, at cost | 1,109,808 | |||
| Life settlement policies, at fair value | 386,144,698 | |||
| Goodwill | 238,921,108 | |||
| Prepaid expenses and other current assets | 5,435,222 | |||
| Income taxes receivable | 145,839 | |||
| Cash and cash equivalents | 74,836,871 | |||
| Accounts receivable-Related Party | 10,989,251 | |||
| Accounts receivable-Nonrelated Party | 14,512,827 | |||
| Total current assets | 105,920,010 | |||
| Operating right-of-use assets | 4,867,682 | |||
| Intangible assets, net | 71,392,006 | |||
| Other investments | 9,850,000 | |||
| Available-for-sale securities, at fair value | 3,287,463 | |||
| Management and performance fee receivable, related party-Related Party | 14,501,482 | |||
| Total assets | 848,357,920 | |||
| Other current liabilities-Nonrelated Party | 12,143,344 | |||
| Current operating lease liabilities | 646,851 | |||
| Current portion of long-term debt | 1,000,000 | |||
| Contract liabilities, deposits on pending settlements | 45,869 | |||
| Accrued expenses | 5,316,412 | |||
| Income taxes payable | 2,276,726 | |||
| Current portion of long-term debt, at fair value | 117,869,504 | |||
| Accrued transaction costs | 879,329 | |||
| Total current liabilities | 140,178,035 | |||
| Noncurrent operating lease liabilities | 4,713,328 | |||
| Long-term debt, net-Related Party | 13,296,214 | |||
| Long-term debt, net-Nonrelated Party | 224,895,561 | |||
| Long-term debt, at fair value | 0 | |||
| Deferred tax liability | 28,411,876 | |||
| Warrant liability | 9,968,000 | |||
| Retrocession fees payable | 5,361,714 | |||
| Total liabilities | 426,824,728 | |||
| Treasury stock - at cost 6,129,703 and 1,048,226 shares repurchased at june30, 2025 and december31, 2024, respectively | 47,076,918 | |||
| Accumulated deficit | -35,767,080 | |||
| Noncontrolling interest | -71,148 | |||
| Class a common stock, 0.0001 par value 200,000,000 authorized shares 97,954,471 and 96,731,194 shares issued at june30, 2025 and december31, 2024, respectively-Common Class A | 9,795 | |||
| Additional paid-in capital | 499,438,543 | |||
| Total stockholders' equity | 416,533,192 | |||
| Series a convertible preferred stock, 0.0001 par value 5,000 shares authorized 5,000 issued and outstanding | 5,000,000 | |||
| Total liabilities, mezzanine equity, and stockholders' equity | 848,357,920 | |||
Abacus Global Management, Inc. (ABLLW)
Abacus Global Management, Inc. (ABLLW)