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Unrealized loss (gain) on
policies, at fair value
$42,602,603
Asset Management
Fee-Related Party
$6,656,464
Asset Management
Fee-Nonrelated Party
$987,055
Portfolio
Services-Related Party
$760,237
Nonrelated
Party-Portfolio Services
$55,388
Realized gains from life
insurance policies sold...
$4,963,066
Revenue from life
insurance policies using...
$31,462,057
Revenue from life
insurance policies using...
$16,550,621
Revenues-Asset Management1
$8,459,144
Insurance commissions
$1,630,676
Revenues-Origination
$923,934
Revenues-Technology Service
$363,856
Reversal of unrealized
gains from prior...
-$10,170,472
Premiums paid on life
insurance policies held...
-$5,852,784
Premiums paid on sold and
matured life insurance...
-$80,356
Total revenues
$59,390,288
Gross profit
$53,082,903
Cost of revenue
(including stock-based...
$6,307,385
Operating income
$18,328,782
Total operating
expenses
$34,754,121
Net income before
provision for income taxes
$11,057,006
Total other expense
-$7,271,776
Other income
(expense), net
$2,518,593
Interest income
$663,223
General and
administrative (including...
$25,872,125
Sales and marketing
$4,947,910
Depreciation and
amortization expense
$3,934,086
Net income
$7,266,192
Income tax expense
$3,790,814
Interest expense
$10,453,592
Net income
attributable to abacus global...
$7,266,192
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Income Statement
Abacus Global Management, Inc. (ABXL)
Abacus Global Management, Inc. (ABXL)
source: myfinsight.com