Abacus Life Inc
For the period ended Mar 31, 2024. Filed May 13, 2024.
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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
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
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Unaudited Statements of Cash Flows
ABACUS SETTLEMENTS, LLC
INTERIM UNAUDITED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | |
|---|---|
| 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |
| Net loss | $(656,803) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Depreciation expense | 8,647 |
| Amortization expense | 20,139 |
| Amortization of deferred financing fees | 5,869 |
| Non-cash lease expense | 815 |
| Changes in operating assets and liabilities: | |
| Related party receivables | (251,481) |
| Other receivables | 122,446 |
| Prepaid expenses | (306,165) |
| Other current assets | (6,561) |
| Accrued payroll and other expenses | (28,568) |
| Contract liability—deposits on pending settlements | 354,500 |
| Accounts payable | (36,750) |
| Net cash used in operating activities | (773,912) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |
| Capital expenditures | (45,590) |
| Due from members and affiliates | (24,938) |
| Net cash used in investing activities | (70,528) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| Due to members | (1,411) |
| Net cash used in financing activities | (1,411) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (845,851) |
| CASH AND CASH EQUIVALENTS: | |
| Beginning of period | 1,458,740 |
| End of period | $612,889 |
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