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Summary of Significant Accounting Policies | 9 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies For a detailed discussion about the Company’s significant accounting policies, see Note 3—“Summary of Significant Accounting Policies” in its Consolidated Financial Statements included in Part II, Item 8 of the Annual Report on Form 10-K for the year ended December 31, 2024. During the nine months ended September 30, 2025, there were no significant changes made to the Company’s significant accounting policies. See below for the Company’s significant accounting policies pertaining to Commissions revenues as a result of the acquisition of OTC Global. Revenue Recognition: Commissions: The Company derives its commissions revenues from securities and commodities, whereby the Company connects buyers and sellers in the OTC and exchange markets and assists in the negotiation of the price and other material terms. These transactions result from the provision of services related to executing, settling and clearing transactions for customers. Trade execution and clearing services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Commissions revenues are recognized at a point in time on the trade-date basis, when the customer obtains control of the service and can direct the use of, and obtain substantially all of the remaining benefits from, the asset. The Company records a receivable between the trade date and settlement date when payment is received. The Company also derives commissions revenues from shipping brokerage. Most of the fees received for these services are considered variable consideration as the fees are contingent upon a future event (for example, upon delivery of the underlying commodity) and are excluded from the transaction price until the uncertainty associated with the variable consideration is subsequently resolved, which is expected to occur when the client obtains control of the service and can direct the use of, and obtain substantially all of the remaining benefits from the asset. Accordingly, the entire transaction price, including the element of variable consideration adjusted for any constraints, is recognized upon delivery.

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- Definition The entire disclosure for all significant accounting policies of the reporting entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/235/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-1 + Details
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