Abacus Life Inc
For the period ended Mar 31, 2024. Filed May 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 13, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Stock holders’ Equity
ABACUS LIFE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Class A Common Stock · Treasury Stock · AdditionalPaid-InCapital · Retained Earnings · AccumulatedOther ComprehensiveIncome · Non-ControllingInterests · TotalStockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| BALANCE AS OF December 31, 2022 (1) | 50,369,350 | $5,037 | — | $— | $704,963 | $25,487,323 | $1,052,836 | $899,538 | $28,149,697 |
| Other Comprehensive Income | — | — | — | — | — | — | (85,382) | (26,931) | (112,313) |
| Net Income (loss) | — | — | — | — | — | 8,085,503 | — | (460,707) | 7,624,796 |
| BALANCE AS OF March 31, 2023 (1) | 50,369,350 | $5,037 | — | $— | $704,963 | $33,572,826 | $967,454 | $411,900 | $35,662,180 |
| Class A Common Stock · Treasury Stock · AdditionalPaid-InCapital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Non-ControllingInterests · TotalStockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| BALANCE AS OF December 31, 2023 | 63,388,823 | $6,339 | (146,650) | $(1,283,062) | $199,826,278 | $(34,726,135) | $108,373 | $138,283 | $164,070,076 |
| Deferred transaction costs | — | — | — | — | (483,451) | — | — | — | (483,451) |
| Repurchase of common stock | — | — | (632,116) | (7,524,392) | — | — | — | — | (7,524,392) |
| Stock-based compensation | — | — | — | — | 6,093,371 | — | — | — | 6,093,371 |
| Warrant Conversions | 387,235 | 39 | — | — | 4,453,164 | — | — | — | 4,453,203 |
| Other Comprehensive Income | — | — | — | — | — | — | 11,950 | (4,514) | 7,436 |
| Net (loss) income | — | — | — | — | — | (1,348,745) | — | 73,274 | (1,275,471) |
| BALANCE AS OF MARCH 31, 2024 | 63,776,058 | $6,378 | (778,766) | $(8,807,454) | $209,889,362 | $(36,074,880) | $120,323 | $207,043 | $165,340,772 |
(1) 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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.