ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of details of the Group's subsidiaries, VIEs and VIEs' subsidiaries

As of December 31, 2021, details of the Group’s major principal operating subsidiaries, VIEs and VIEs’ subsidiaries were as follows:

	Date of incorporation or acquisition	Place of establishment/ incorporation	Percentage of legal ownership
Subsidiaries:
Tiger Brokers (NZ) Limited (“TBNZ”)	August 02, 2016	New Zealand		100	%
Up Fintech International Limited (“Up International”)	February 08, 2018	Hong Kong		100	%
Tiger Fintech (Singapore) PTE Ltd. (“Tiger SG”)	March 13, 2018	Singapore		100	%
Tiger Brokers (Singapore) PTE Ltd. (“Tiger Brokers SG”)	March 27, 2018	Singapore		100	%
US Tiger Securities, Inc. (“US Tiger Securities”)	March 30, 2018	United States of America(“USA”)		100	%
Beijing Bohu Xiangshang Technology Co., LTD (“Beijing BHXS”,“Beijing WFOE I”)	May 17, 2018	PRC		100	%
Tiger Fintech Holdings, Inc (“Tiger Fintech Holdings”)	July 09, 2018	USA		100	%
Beijing Xiangshang Yixin Technology Co., Ltd (“Beijing Yixin”,“Beijing WFOE II”)	July 26, 2018	PRC		100	%
Trading Front Inc (“Trading Front”)	August 01, 2018	USA		100	%
Wealthn LLC (“Wealthn”)	August 01, 2018	USA		100	%
Kastle Limited (“Kastle”)	October 15, 2018	Hong Kong		100	%
Tung Chi Consulting Limited (“Tung Chi”)	January 29, 2019	Hong Kong		100	%
TradeUP Securities Inc (US) (“TradeUP Securities”)¹	July 12, 2019	USA		100	%
Tradeup Inc. (“Tradeup”)	October 10, 2019	USA		100	%
Hangzhou U-Tiger Technology Co. LTD (“Hangzhou U-Tiger”)	April 09,2020	PRC		100	%
Tiger Fintech (NZ) Limited (“TFNZ”)	May 17, 2021	New Zealand		100	%
Tiger Services (AU) Pty Ltd (“Tiger Services AU”)	August 27, 2021	Australia		100	%
Tiger Brokers (HK) Global Limited (“Tiger Brokers HK”)²	October 26, 2021	Hong Kong		100	%
VIEs:
Beijing Xiangshang Rongke Technology Co. LTD (“Beijing Rongke”, “Ningxia VIE”)³	June 11, 2014	PRC	Consolidated VIE
Beijing Xiangshang Yiyi Laohu Technology Group Co., LTD (“Beijing Yiyi”, “Beijing VIE”)	October 29, 2018	PRC	Consolidated VIE
VIEs’ subsidiaries:
Tiger Technology Corporation Limited (“Tiger Technology”)	October 14, 2014	Hong Kong	VIE’s subsidiary
Beijing U-Tiger Network Technology Co., LTD (“Beijing U-Tiger Network”)	April 20, 2016	PRC	VIE’s subsidiary
Beijing U-Tiger Business Service Co., Ltd (“Beijing U-Tiger Business”)	April 21, 2016	PRC	VIE’s subsidiary
Beijing Chenhao Technology Co., LTD. (“Beijing Chenhao”)	August 11, 2016	PRC	VIE’s subsidiary
Beijing Zhijianfengyi Information Technology Co., Ltd (“Beijing ZJFY”)	January 25, 2018	PRC	VIE’s subsidiary
Shenzhen Xiang Shang Hu Xun Technology Co., LTD (“HuXun”)	June 20, 2018	PRC	VIE’s subsidiary
Beijing Huyi Technology Co., Ltd (“Huyi”)	September 05, 2018	PRC	VIE’s subsidiary
Guangzhou U-Tiger Technology Co., LTD (“Guangzhou U Tiger”)	December 24, 2018	PRC	VIE’s subsidiary

¹ In August 2021, the name of “Marsco Investment Corporation” was changed to “Tradeup Securities Inc(US)”.

² In December 2021, the name of “Ocean Joy Securities Limited” was changed to “Tiger Brokers (HK) Global Limited”.

³ In May 2021, the name of “Ningxia Xiangshang Rongke Technology Co., LTD” was changed to “Beijing Xiangshang Rongke Technology Co. LTD”.

Schedule of assets, liabilities, results of operations and cash flows of the VIEs

The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries taken as a whole, which were included in the Group’s consolidated financial statements with intercompany balances and transactions eliminated between the VIEs and VIEs’ subsidiaries:

	As of December 31,
	2020		2021
	US$		US$
Current assets		48,118,025		51,873,657
Non-current assets		16,253,660		16,083,322
Total assets		64,371,685		67,956,979
Current liabilities		25,955,828		25,422,094
Non-current liabilities		1,158,044		6,858
Total liabilities		27,113,872		25,428,952

	For the years ended December, 31
	2019		2020			2021
	US$		US$			US$
Total revenues		44,134,256		16,191,693			65,295,325
Net income (loss)		16,505,238		(7,524,524	)		(700,720	)

	For the years ended December, 31
	2019			2020			2021
	US$			US$			US$
Net cash provided by (used in) operating activities		6,567,594			(597,323	)		18,431,299
Net cash (used in) provided by investing activities		(10,240,498	)		646,647			(4,048,620	)
Net cash provided by (used in) financing activities		43,730			311,688			(5,091,778	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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