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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Cash and cash equivalents $ 269,057,708 $ 79,652,897
Cash-segregated for regulatory purpose 1,431,827,247 867,946,754
Term deposits 3,044,461 18,698,143
Receivables from customers (net of allowance of US$91,788 and US$518,741 as of December 31, 2020 and 2021) 664,657,453 372,215,645
Receivables from brokers, dealers, and clearing organizations (net of allowance of nil as of December 31, 2020 and 2021):    
Related parties 804,639,024 764,318,932
Others 75,143,153 32,547,428
Financial instruments held, at fair value 3,902,987 562,536
Prepaid expenses and other current assets 16,051,623 11,214,430
Amounts due from related parties 2,947,871 5,065,222
Total current assets 3,271,271,527 2,152,221,987
Right-of-use assets 6,613,520 7,280,763
Property, equipment and intangible assets, net 14,031,652 9,693,034
Goodwill 2,492,668 2,421,403
Long-term investments 9,777,844 6,480,951
Other non-current assets 4,973,085 4,299,246
Deferred tax assets 12,258,360 9,919,967
Total assets 3,321,418,656 2,192,317,351
Liabilities:    
Payables to customers 2,509,492,814 1,696,164,267
Payables to brokers, dealers and clearing organizations    
Related parties 170,338,199 218,574,120
Others 499,978 5,135,941
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of US$12,345,185 and US$15,611,533 as of December 31, 2020 and 2021, respectively) 33,746,177 27,138,201
Deferred income - current 1,213,647 844,558
Lease liabilities - current (including lease liabilities - current of the consolidated VIEs without recourse to the Group of US$1,743,537 and US$1,057,862 as of December 31,2020 and 2021, respectively) 2,610,041 3,514,592
Amount due to related parties 2,039,287  
Total current liabilities 2,719,940,143 1,951,371,679
Convertible bonds    
Related party 25,330,766  
Others 123,510,910  
Deferred income – non-current 1,382,091 1,565,843
Lease liabilities – non-current (including lease liabilities – non-current of the consolidated VIEs without recourse to the Group of US$1,158,044 and US$6,858 as of December 31, 2020 and 2021, respectively) 3,092,913 3,692,701
Deferred tax liabilities 1,535,965 0
Total liabilities 2,874,792,788 1,956,630,223
Commitments and Contingencies
Shareholders’ equity:    
Additional paid-in capital 484,335,291 291,827,379
Statutory reserve 3,562,888 2,663,551
Accumulated deficit (45,788,131) (59,579,495)
Treasury stock (10,429,305 and 10,429,305 shares as of December 31, 2020 and 2021, respectively) (2,172,819) (2,172,819)
Accumulated other comprehensive income 6,665,819 2,927,192
Total UP Fintech Holding Limited shareholder’s equity 446,625,868 235,687,128
Total liabilities and equity 3,321,418,656 2,192,317,351
Class A ordinary shares    
Shareholders’ equity:    
Ordinary shares 20,599 17,944
Class B ordinary shares    
Shareholders’ equity:    
Ordinary shares $ 2,221 $ 3,376