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Related Party Balances and Transactions (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Balances and Transactions [Abstract]  
Schedule of Related Party Revenue and Expenses

The following table presents related party revenue and expenses for the three and six months ended June 30, 2025 and 2024 in connection with Apex Clearing.

 

      For the Three Months Ended June 30,   For the Six Months Ended
June 30,		 
      2025   2024   2025   2024 
Revenue earned from related parties                   
Apex Clearing  (a)  $
–
   $8,079,110   $
–
   $34,538,949 
Total related party revenue     $
–
   $8,079,110   $
–
   $34,538,949 
Expenses incurred from related parties                       
Apex Clearing  (a)  $
–
   $3,999,669   $
–
   $14,285,014 
Total related party expenses     $
–
   $3,999,669   $
–
   $14,285,014 

 

(a)Apex Clearing is our clearing broker. Apex Clearing was considered a related party until May 9, 2024, the date Matthew Hulsizer resigned from our board of directors. We receive revenue from Apex Clearing that primarily represents interest and fully paid stock lending income derived from cash balances and positions on accounts we have introduced to Apex Clearing. Expenses primarily represent clearing costs. The revenue and expenses in the above table are through May 9, 2024, the date Apex Clearing was no longer determined to be a related party.