Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Operating Expenses [Abstract]

Schedule of Consolidated Statements of Operations and Other Comprehensive (Loss) Income

The following tables present a breakdown of our expense categories as presented within our consolidated statements of operations and other comprehensive (loss) income.

	2024		2023		2022
Clearing and operation cost	$	52,722,425	$	43,833,078	$	39,490,080
Market and data fees		16,056,015		12,720,971		11,631,838
Handling charge expense		10,528,178		9,864,869		8,642,199
Total	$	79,306,618	$	66,418,918	$	59,764,117

	2024		2023		2022
Employee compensation benefits	$	43,399,693	$	35,111,616	$	34,381,625
Cloud service fees		13,280,129		11,806,489		8,928,904
System costs		7,160,641		5,238,363		3,462,585
Total	$	63,840,463	$	52,156,468	$	46,773,114

	2024		2023		2022
Advertising and promotions	$	108,190,912	$	92,182,380	$	92,412,497
Free stock promotions		23,980,001		55,225,961		40,371,848
Employee compensation and benefits		6,550,318		4,849,661		7,496,242
Total	$	138,721,231	$	152,258,002	$	140,280,587

	2024		2023		2022
Employee compensation and benefits	$	77,187,479	$	61,466,048	$	45,543,590
Compliance fees		11,212,942		8,740,324		7,457,835
Office related		14,677,995		10,078,418		6,607,901
Professional services		10,586,397		9,966,117		8,939,260
Depreciation and amortization of right-of-use assets		6,669,419		4,675,664		3,500,581
Other		2,380,396		863,232		911,042
	$	122,714,628	$	95,789,803	$	72,960,209