Abacus Global Management, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
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Statement of Operations and Comprehensive Loss
ABACUS SETTLEMENTS, LLC
STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
| Six Months EndedJune 30, 2023 | |
|---|---|
| REVENUES: | |
| Origination revenue | $3,252,738 |
| Related party origination revenue | 9,931,938 |
| Total revenue | 13,184,676 |
| Cost of revenue | 2,734,949 |
| Related party cost of revenue | 6,558,354 |
| Total cost of revenue | 9,293,303 |
| Gross Profit | 3,891,373 |
| OPERATING EXPENSES: | |
| General and administrative expenses | 4,848,580 |
| Depreciation expense | 5,597 |
| Total operating expenses | 4,854,177 |
| Loss from operations | (962,804) |
| OTHER INCOME (EXPENSE): | |
| Interest income | 1,917 |
| Interest expense | (11,725) |
| Other income | — |
| Total other expense | (9,808) |
| Loss before provision for income taxes | (972,612) |
| Provision for income taxes | 2,289 |
| NET LOSS AND COMPREHENSIVE LOSS | $(974,901) |
| WEIGHTED-AVERAGE UNITS USED IN COMPUTING NET LOSS PER UNIT: | |
| Basic | 400 |
| Diluted | 400 |
| NET LOSS PER UNIT: | |
| Basic loss per unit | $(2,437.25) |
| Diluted loss per unit | $(2,437.25) |
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