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v3.21.2

Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2020
Fair Value Disclosures [Abstract] |
Schedule of black-bholes-merton pricing model |
Stock price |  | $ | 1.89 ~ 2.43 |
Exercise price |  | $ | 11.50 |
Expected term in years |  |  | 4.46 ~ 5.00 |
Expected dividend yield |  |  | 0 | %
Volatility |  |  | 54.44% ~ 54.92 | %
Risk-free interest Rate |  |  | 0.364% ~ 0.373 | %
Schedule of fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Listed equity securities |  | $ | 17,622 |  |  | $ | - |  |  | $ | - |  |  | $ | 17,622 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | - |  |  | $ | (5,653 | ) |  | $ | - |  |  | $ | (5,653 | )
Warrant liabilities (as restated) |  |  | (1,000,500 | ) |  |  | (469,321 | ) |  |  | - |  |  |  | (1,469,821 | )
|  | $ | (1,000,500 | ) |  | $ | (474,974 | ) |  | $ | - |  |  | $ | (1,475,474 | )
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Listed equity securities |  | $ | 180,201 |  |  | $ | — |  |  | $ | — |  |  | $ | 180,201 |
Derivatives |  |  | — |  |  |  | 194,110 |  |  |  | — |  |  |  | 194,110 |
|  | $ | 180,201 |  |  | $ | 194,110 |  |  | $ | — |  |  | $ | 374,311 |
Schedule of Black-Bholes-Merton pricing model |
|  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |  |
|  |  |  |  | in Active |  |  | Significant |  |  | Significant |  |  |  |
|  | Total |  |  | Markets for |  |  | Observable |  |  | Unobservable |  |  |  |
|  | Carrying |  |  | Identical Assets |  |  | Inputs |  |  | Inputs |  |  | Estimated |
|  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Fair Value |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,426,467 |  |  | $ | 3,426,467 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,426,467 |
Bank balances held on behalf of customers |  |  | 1,367,630 |  |  |  | 1,367,630 |  |  |  | - |  |  |  | - |  |  |  | 1,367,630 |
Receivables from broker-dealers and clearing organizations |  |  | 8,089,193 |  |  |  | - |  |  |  | 8,089,193 |  |  |  | - |  |  |  | 8,089,193 |
Short-term loans receivable |  |  | 2,239,378 |  |  |  | - |  |  |  | 2,239,378 |  |  |  | - |  |  |  | 2,239,378 |
Commissions receivable |  |  | 71,253 |  |  |  | - |  |  |  | 71,253 |  |  |  | - |  |  |  | 71,253 |
Other receivables |  |  | 724,708 |  |  |  | - |  |  |  | 724,708 |  |  |  | - |  |  |  | 724,708 |
|  | $ | 15,918,629 |  |  | $ | 4,794,097 |  |  | $ | 10,399,824 |  |  | $ | - |  |  | $ | 15,918,629 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payables to customers |  | $ | 5,221,270 |  |  | $ | - |  |  | $ | 5,221,270 |  |  | $ | - |  |  | $ | 5,221,270 |
Payable to broker-dealers |  |  | 3,845,740 |  |  |  | - |  |  |  | 3,845,740 |  |  |  | - |  |  |  | 3,845,740 |
Commissions payable |  |  | 39,180 |  |  |  | - |  |  |  | 39,180 |  |  |  | - |  |  |  | 39,180 |
Accrued expenses and other payables |  |  | 1,763,094 |  |  |  | - |  |  |  | 1,763,094 |  |  |  | - |  |  |  | 1,763,094 |
Short-term borrowings |  |  | 293,905 |  |  |  | - |  |  |  | 293,905 |  |  |  | - |  |  |  | 293,905 |
Due to director |  |  | 149,522 |  |  |  | - |  |  |  | 149,522 |  |  |  | - |  |  |  | 149,522 |
|  | $ | 11,312,711 |  |  | $ | - |  |  | $ | 11,312,711 |  |  | $ | - |  |  | $ | 11,312,711 |
|  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |  |
|  |  |  |  | in Active |  |  | Significant |  |  | Significant |  |  |  |
|  | Total |  |  | Markets for |  |  | Observable |  |  | Unobservable |  |  |  |
|  | Carrying |  |  | Identical Assets |  |  | Inputs |  |  | Inputs |  |  | Estimated |
|  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Fair Value |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,388,978 |  |  | $ | 6,388,978 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,388,978 |
Bank balances held on behalf of customers |  |  | 2,192,201 |  |  |  | 2,192,201 |  |  |  | — |  |  |  | — |  |  |  | 2,192,201 |
Receivables from broker-dealers and clearing organizations |  |  | 1,684,961 |  |  |  | — |  |  |  | 1,684,961 |  |  |  | — |  |  |  | 1,684,961 |
Short-term loans receivable |  |  | 1,637,310 |  |  |  | — |  |  |  | 1,637,310 |  |  |  | — |  |  |  | 1,637,310 |
Commissions receivable |  |  | 88,560 |  |  |  | — |  |  |  | 88,560 |  |  |  | — |  |  |  | 88,560 |
Other receivables |  |  | 166,064 |  |  |  | — |  |  |  | 166,064 |  |  |  | — |  |  |  | 166,064 |
|  | $ | 12,158,074 |  |  | $ | 8,581,179 |  |  | $ | 3,576,895 |  |  | $ | — |  |  | $ | 12,158,074 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payables to customers |  | $ | 3,853,693 |  |  | $ | — |  |  | $ | 3,853,693 |  |  | $ | — |  |  | $ | 3,853,693 |
Commissions payable |  |  | 29,439 |  |  |  | — |  |  |  | 29,439 |  |  |  | — |  |  |  | 29,439 |
Dividends payable |  |  | 385,901 |  |  |  | — |  |  |  | 385,901 |  |  |  |  |  |  |  | 385,901 |
Accrued expenses and other payables |  |  | 417,445 |  |  |  | — |  |  |  | 417,445 |  |  |  | — |  |  |  | 417,445 |
Short-term borrowings |  |  | 1,412,570 |  |  |  | — |  |  |  | 1,412,570 |  |  |  |  |  |  |  | 1,412,570 |
Short-term borrowings from related party |  |  | 128,415 |  |  |  | — |  |  |  | 128,415 |  |  |  | — |  |  |  | 128,415 |
|  | $ | 6,227,463 |  |  | $ | — |  |  | $ | 6,227,463 |  |  | $ | — |  |  | $ | 6,227,463 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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