v3.25.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Revenue by Segment
Revenue related to the Company’s reporting segments is as follows:
Three Months Ended March 31,
20252024
Asset management$7,773,077 $217,935 
Life solutions36,298,657 21,269,249 
Technology services67,612 — 
Total revenue$44,139,346 $21,487,184 
Schedule of Segment Information
Cost of revenue related to the Company’s reporting segments is as follows:
Three Months Ended March 31,
20252024
Asset management$2,742,018 $362,393 
Life solutions3,900,859 2,358,504 
Technology services465,530 — 
Total cost of revenue$7,108,407 $2,720,897 
Gross profit related to the Company’s reporting segments reconciled to net income (loss) attributable to common stockholders:
Three Months Ended March 31,
20252024
Asset management$5,031,059 $(144,458)
Life solutions32,397,798 18,910,745 
Technology services(397,918)— 
Total gross profit37,030,939 18,766,287 
Sales and marketing(2,616,000)(1,929,944)
General and administrative (including stock-based compensation)(12,263,786)(11,353,499)
Depreciation and amortization expense(4,758,546)(1,682,054)
Other (expense) income(44,524)(53,028)
Loss on change in fair value of warrant liability (4,806,000)946,960 
Interest expense(9,618,330)(3,670,445)
Interest income1,175,001 421,426 
Gain (Loss) on change in fair value of debt3,362,103 (2,712,627)
Unrealized (loss) gain on investments272,254 1,164,966 
Provision for income taxes(2,334,085)(1,173,513)
Net income (loss) attributable to non-controlling interests(759,443)(73,274)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$4,639,583 $(1,348,745)