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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of details of the Group's subsidiaries, VIEs and VIEs' subsidiaries | As of December 31, 2024, details of the Group’s major principal operating subsidiaries, VIEs and VIEs’ subsidiaries were as follows:
|  | Date of incorporation or acquisition |  | Place of establishment/ incorporation |  | Percentage of legal ownership
Subsidiaries: |  |  |  |  |  |
Tiger Brokers (NZ) Limited (“TBNZ”) |  | August 02, 2016 |  | New Zealand |  | 100%
Up Fintech International Limited (“Up International”) |  | February 08, 2018 |  | Hong Kong |  | 100%
Tiger Brokers (Singapore) PTE Ltd. (“Tiger Brokers SG”) |  | March 27, 2018 |  | Singapore |  | 100%
US Tiger Securities, Inc. (“US Tiger Securities”) |  | March 30, 2018 |  | United States of America(“USA”) |  | 100%
Beijing Bohu Xiangshang Technology Co., LTD (“Beijing BHXS”, “Beijing WFOE I”) |  | May 17, 2018 |  | PRC |  | 100%
Beijing Xiangshang Yixin Technology Co., Ltd (“Beijing Yixin”, “Beijing WFOE II”) |  | July 26, 2018 |  | PRC |  | 100%
Trading Front Inc (“Trading Front”) |  | August 01, 2018 |  | USA |  | 100%
Wealthn LLC (“Wealthn”) |  | August 01, 2018 |  | USA |  | 100%
Kastle Limited (“Kastle”) |  | October 15, 2018 |  | Hong Kong |  | 100%
TradeUP Securities Inc (US) (“TradeUP Securities”) |  | July 12, 2019 |  | USA |  | 100%
Tradeup Inc. (“Tradeup”) |  | October 10, 2019 |  | USA |  | 100%
Hangzhou U-Tiger Technology Co. LTD (“Hangzhou U-Tiger”) |  | April 09, 2020 |  | PRC |  | 100%1
Tiger Fintech (NZ) Limited (“TFNZ”) |  | May 17, 2021 |  | New Zealand |  | 100%
Tiger Services (AU) Pty Ltd (“Tiger Services AU”) |  | August 27, 2021 |  | Australia |  | 100%
Tiger Brokers (AU) PTY Limited (“TBAU”) |  | September 13, 2021 |  | Australia |  | 100%
Tiger Brokers (HK) Global Limited (“Tiger Brokers HK”) |  | October 26, 2021 |  | Hong Kong |  | 100%
VIEs: |  |  |  |  |  |
Beijing Xiangshang Rongke Technology Co. LTD (“Beijing Rongke”, “Ningxia VIE”) |  | June 11, 2014 |  | PRC |  | Consolidated VIE
Beijing Xiangshang Yiyi Laohu Technology Group Co., LTD (“Beijing Yiyi”, “Beijing VIE”) |  | October 29, 2018 |  | PRC |  | Consolidated VIE
VIEs’ subsidiaries: |  |  |  |  |  |
Beijing U-Tiger Network Technology Co., LTD (“Beijing U-Tiger Network”) |  | April 20, 2016 |  | PRC |  | VIE’s subsidiary
Beijing U-Tiger Business Service Co., Ltd (“Beijing U-Tiger Business”) |  | April 21, 2016 |  | PRC |  | VIE’s subsidiary
Beijing Zhijianfengyi Information Technology Co., Ltd (“Beijing ZJFY”) |  | January 25, 2018 |  | PRC |  | VIE’s subsidiary
Beijing Yixin Xiangshang Technology Co.,LTD (“Beijing Xiangshang”) |  | September 05, 2018 |  | PRC |  | VIE’s subsidiary
Guangzhou U-Tiger Technology Co., LTD (“Guangzhou U Tiger”) |  | December 24, 2018 |  | PRC |  | VIE’s subsidiary
1 Up Fintech International Limited owns 85% percentage of the shares of Hangzhou U-Tiger, and the holder of the remaining 15% has pledged its voting interest to Up Fintech International Limited, which as a result controls 100% of the voting power of this entity.
Schedule of assets, liabilities, results of operations and cash flows of the VIEs | The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries taken as a whole, which were included in the Group’s consolidated financial statements with intercompany balances and transactions eliminated between the VIEs and VIEs’ subsidiaries:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |
Current assets |  |  | 53,313,297 |  |  |  | 59,584,580 |
Non-current assets |  |  | 11,399,140 |  |  |  | 8,219,993 |
Total assets |  |  | 64,712,437 |  |  |  | 67,804,573 |
Current liabilities |  |  | 26,976,594 |  |  |  | 28,658,433 |
Non-current liabilities |  |  | 74,638 |  |  |  | 1,319,839 |
Total liabilities |  |  | 27,051,232 |  |  |  | 29,978,272 |
1. ORGANIZATION AND PRINCIPAL ACTIVITIES (Continued) Risks in relation to the VIE structure (Continued)
|  | For the years ended December, 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Total revenues |  |  | 44,382,701 |  |  |  | 24,775,979 |  |  |  | 28,432,186 |
Net loss |  |  | (8,220,848 | ) |  |  | (4,204,124 | ) |  |  | (1,185,593 | )
|  | For the years ended December, 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Net cash used in operating activities |  |  | (1,552,547 | ) |  |  | (205,895 | ) |  |  | (2,599,577 | )
Net cash (used in) provided by investing activities |  |  | (416,486 | ) |  |  | (6,169,149 | ) |  |  | 1,626,555 |
Net cash provided by financing activities |  |  | 3,760,937 |  |  |  | 402,292 |  |  |  | 1,011,823 |

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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