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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Presents Significant Expenses Provided to the CODM

The following table presents significant revenues and expenses provided to the CODM for the years ended December 31, 2025, 2024 and 2023.

		2025				2024				2023
Revenues
Equity and option order flow rebates		$	304,126,641			$	197,069,562			$	192,232,715
Interest related income			154,256,508				130,451,877				155,792,329
Handling charge income			87,293,753				49,044,700				30,677,177
Other revenues			25,319,904				13,663,533				10,900,349
Total revenues			570,996,806				390,229,672				389,602,570
Segment expenses
Brokerage and transaction(1)			128,749,064				79,306,618				66,418,918
Technology and development(1)			73,231,080				55,550,088				44,407,785
Marketing and branding(1)			133,929,889				136,693,180				150,558,774
General and administrative(1)			132,740,255				100,445,443				75,825,829
Other segment items(2)			43,872,899				32,587,611				29,411,885
Total operating expenses per consolidated statements of operations and comprehensive (loss) income			512,523,187				404,582,940				366,623,191
Operating income (loss)			58,473,619				(14,353,268	)			22,979,379
Other expense (income), net			13,275,139				(2,302,693	)			2,801,285
Provision for income taxes			20,832,451				13,823,355				16,140,571
Income from discontinued operations, net of tax			-				2,691,778				1,784,465
Net income (loss)		$	24,366,029			$	(23,182,152	)		$	5,821,988

⁽¹⁾ Excludes share-based compensation. See Note 21 for operating expense allocation.

⁽²⁾ Other segment items represent share-based compensation.

Schedule of Revenues, by Geographic Area from External Customers

The following table presents our revenues, by geographic area, for the years ended December 31, 2025, 2024 and 2023 from external customers, excluding interest received on corporate bank deposits in the amount of $14,963,064, $12,923,495 and $14,833,038 for the years ended December 31, 2025, 2024 and 2023, respectively.

		2025				2024				2023
Revenues:
United States		$	516,465,261			$	355,022,439			$	363,746,474
Singapore			13,155,299				10,923,140				5,590,646
Hong Kong			6,770,376				6,692,262				5,066,724
Canada			8,304,728				1,605,292				–
Others			11,338,078				3,063,044				365,688
Total		$	556,033,742			$	377,306,177			$	374,769,532

Schedule of Long-Lived Assets by Category and by Geographic Area

The following table presents long-lived assets by category and by geographic area as of December 2025 and 2024.

		2025				2024
Right-of-use assets:
Mainland China		$	54,318,815			$	56,198,584
United States			5,937,180				6,648,247
Others			4,101,660				3,446,920
Total		$	64,357,655			$	66,293,751
Property and equipment, net:
United States		$	29,210,625			$	30,347,719
Others			6,684,230				3,282,051
Total		$	35,894,855			$	33,629,770
Intangible assets, net:
United States		$	36,037,400			$	–
Japan			15,068,472				15,111,688
Indonesia			3,052,159				3,094,718
Others			1,276,536				1,209,557
Total		$	55,434,567			$	19,415,963
Goodwill:
United States		$	25,066,700			$	–
Mexico			5,197,438				5,197,438
Total		$	30,264,138			$	5,197,438

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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