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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Compensation [Abstract]  
Schedule of Weighted Average of Significant Assumptions The following are the weighted average of significant assumptions used in the model:
   2024   2023   2022 
Dividend yield   0%   0%   0%
Risk-free interest rate   2.3%   3.8%   1.5%
Expected volatility(1)   59.8%   50.0%   38.1%
Expected term   2.75 years    2.75 years    10 years 

 

(1)Expected volatility of the underlying ordinary shares of the Company was estimated based on the average historical volatility of comparable companies for the period before grant date with time frames equal to the life of the options.
Schedule of Share Option Activity

A summary of the Share Option activity for the year ended December 31, 2024 is as follows:

 

   Options   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Contractual
Life		   Aggregate
Intrinsic
Value		 
           (in Years)     
Outstanding at January 1, 2024   30,838,928   $0.14    5.98   $201,186,310 
Granted   3,549,705   $0.14           
Exercised   (438,173)  $0.14           
Cancelled/forfeited   (1,459,716)  $0.14           
Outstanding at December 31, 2024   32,490,744   $0.13    5.26   $304,071,390 
                     
Exercisable at December 31, 2024   25,682,265   $0.13    4.53   $240,352,826 
Schedule of Non Vested Share Option Activity

The following is a summary of the non-vested Share Option activity for the year ended December 31, 2024:

 

   Options   Weighted
Average
Grant-Date
Fair Value		 
Non-vested at January 1, 2024   9,700,553   $4.19 
Granted   3,549,705   $6.56 
Vested   (4,847,631)  $4.18 
Exercised   (148,434)  $4.18 
Cancelled/forfeited   (1,445,718)  $5.23 
Non-vested at December 31, 2024   6,808,475   $5.21 

The following is a summary of the non-vested Restricted Share Unit activity for the year ended December 31, 2024:

 

   RSUs   Weighted
Average
Grant-Date
Fair Value		 
Non-vested at January 1, 2024   3,668,839   $4.86 
Granted   2,862,298   $6.75 
Vested   (2,145,356)  $5.06 
Cancelled/forfeited   (174,120)  $5.60 
Non-vested at December 31, 2024   4,211,661   $5.97 

A summary of the non-vested Restricted Share Award activity for the year ended December 31, 2024, is as follows:

 

   RSAs   Weighted
Average
Grant-Date
Fair Value		 
Non-vested at January 1, 2024   2,590,900   $2.85 
Granted   496,219   $6.66 
Vested   (1,791,669)  $3.91 
Cancelled/forfeited   
–
   $
–
 
Non-vested at December 31, 2024   1,295,450   $2.85 
Schedule of Restricted Share Activity

A summary of the Restricted Share Unit activity for the year ended December 31, 2024, is as follows:

 

   RSUs   Weighted
Average
Grant-Date Fair Value		 
Outstanding at January 1, 2024   5,006,247   $4.38 
Granted   2,862,298   $6.75 
Cancelled/forfeited   (174,120)  $5.60 
Outstanding at December 31, 2024   7,694,425   $5.21 
A summary of the Restricted Share Award activity for the year ended December 31, 2024, is as follows:
   RSAs   Weighted
Average
Grant-Date
Fair Value		 
Outstanding at January 1, 2024   5,181,794   $2.85 
Granted   496,218   $6.66 
Cancelled/forfeited   
–
   $
–
 
Outstanding at December 31, 2024   5,678,012   $3.19 
Schedule of Compensation Expense from Share Based Awards The compensation expense was recorded in the consolidated statement of operations and comprehensive (loss) income as follows:
   2024   2023   2022 
General and administrative  $22,269,185   $19,963,974   $19,854,253 
Technology and development   8,290,375    7,748,683    7,281,599 
Marketing and branding   2,028,051    1,699,228    2,886,469 
Total  $32,587,611   $29,411,885   $30,022,321