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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 390,229,672 $ 389,602,570 $ 388,332,920
Operating expenses      
Brokerage and transaction 79,306,618 66,418,918 59,764,117
Technology and development 63,840,463 52,156,468 46,773,114
Marketing and branding 138,721,231 152,258,002 140,280,587
General and administrative 122,714,628 95,789,803 72,960,209
Total operating expenses 404,582,940 366,623,191 319,778,027
Other (income) expense, net (2,302,693) 2,801,285 2,869,397
(Loss) income from continuing operations, before income taxes (12,050,575) 20,178,094 65,685,496
Provision for income taxes 13,823,355 16,140,571 32,211,527
(Loss) income from continuing operations, net of tax (25,873,930) 4,037,523 33,473,969
Income from discontinued operations, net of tax (Note 4) 2,691,778 1,784,465 16,603,657
Net (loss) income (23,182,152) 5,821,988 50,077,626
Less net loss attributable to noncontrolling interest (Note 5) (488,504) (247,296)
Net (loss) income attributable to the Company (22,693,648) 6,069,284 50,077,626
Preferred shares redemption value accretion (495,088,038) (340,080,000) (51,409,749)
Net loss attributable to ordinary shareholders (517,781,686) (334,010,716) (1,332,123)
(Loss) income from continuing operations (25,873,930) 4,037,523 33,473,969
Income from discontinued operations, net of tax (Note 4) 2,691,778 1,784,465 16,603,657
Less loss from continuing operations attributable to noncontrolling interest (488,504) (247,296)
(Loss) income from continuing operations attributable to the Company (25,385,426) 4,284,819 33,473,969
Preferred shares redemption value accretion (495,088,038) (340,080,000) (51,409,749)
Loss from continuing operations attributable to ordinary shareholders (520,473,464) (335,795,181) (17,935,780)
Income from discontinued operations attributable to ordinary shareholders $ 2,691,778 $ 1,784,465 $ 16,603,657
Loss per share from continuing operations attributable to ordinary shareholders (Note 19)      
Basic (in Dollars per share) $ (3.75) $ (2.43) $ (0.13)
Diluted (in Dollars per share) (3.75) (2.43) (0.13)
Income per share from discontinued operations attributable to ordinary shareholders      
Basic (in Dollars per share) 0.02 0.01 0.12
Diluted (in Dollars per share) 0.02 0.01 0.12
Net loss attributable to ordinary shareholders      
Basic (in Dollars per share) (3.73) (2.42) (0.01)
Diluted (in Dollars per share) $ (3.73) $ (2.42) $ (0.01)
Weighted-average shares outstanding      
Basic (in Shares) 138,828,900 137,965,591 134,489,965
Diluted (in Shares) 138,828,900 137,965,591 134,489,965
Net (loss) income $ (23,182,152) $ 5,821,988 $ 50,077,626
Less net loss attributable to noncontrolling interest (Note 5) (488,504) (247,296)
Other comprehensive (loss) income, net of tax:      
Change in cumulative foreign currency translation adjustment (8,430,811) 1,660,040 (3,551,836)
Other comprehensive (loss) income (8,430,811) 1,660,040 (3,551,836)
Comprehensive (loss) income (31,612,963) 7,482,028 46,525,790
Less comprehensive loss attributable to noncontrolling interest (488,504) (247,296)
Less foreign currency translation adjustment attributable to noncontrolling interest (94,666) (2,713)
Comprehensive loss attributable to ordinary shareholders (526,117,831) (332,347,963) (4,883,959)
Equity and option order flow rebates      
Total revenues 197,069,562 192,232,715 278,981,134
Interest related income      
Total revenues 130,451,877 155,792,329 91,882,243
Handling charge income      
Total revenues 49,044,700 30,677,177 8,500,321
Other revenues      
Total revenues $ 13,663,533 $ 10,900,349 $ 8,969,222