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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | 23. SEGMENT INFORMATION Segments are business units that offer different services and are reviewed separately by the chief operating decision maker (the “CODM”), or the decision-making group, in deciding how to allocate resources and in assessing performance. The CODM, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Group’s Chief Executive Officer. The Group operates as a single operating segment which is providing online brokerage services to global customers based on its trading platform. The single operating segment is reported in a manner consistent with the internal reporting provided to the CODM. The CODM uses consolidated net income (loss) in deciding whether to reinvest profits into certain parts of the business or return a portion of such profits to shareholders. The accounting policies of such single operating segment are described in the summary of significant accounting policies. The measure of segment profit or loss and assets is reported on the consolidated balance sheet and consolidated statements of comprehensive income (loss), although the CODM does not evaluate asset information for purposes of allocating resources or evaluating performance. The Group primarily operates its business in the New Zealand, Singapore, and the United States for the years ended December 31, 2022, 2023, and 2024. The following table presents total revenues by geographic area for the years indicated. The Intra-companies revenues have been eliminated in this geographic information to reflect the external business conducted in each geographic region. The geographic analysis presented below is based on the location of the subsidiaries in which the transactions are recorded. This geographic information does not reflect the way the Company’s business is managed.
|  | For the years ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Revenue |  |  |  |  |  |  |  |  |
The Cayman Island |  |  | 2,589,817 |  |  |  | 3,620,687 |  |  |  | 3,080,147 |
New Zealand |  |  | 116,254,749 |  |  |  | 117,335,988 |  |  |  | 147,197,358 |
The United States |  |  | 27,816,835 |  |  |  | 71,919,756 |  |  |  | 124,712,788 |
Singapore |  |  | 70,608,581 |  |  |  | 66,705,363 |  |  |  | 91,218,902 |
Others |  |  | 8,095,565 |  |  |  | 12,925,801 |  |  |  | 25,332,234 |
Total Revenues |  |  | 225,365,547 |  |  |  | 272,507,595 |  |  |  | 391,541,429 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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