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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 3,426,467 $ 6,388,978
Restricted cash-bank balances held on behalf of customers 1,367,630 2,192,201
Securities owned, at fair value 17,622 180,201
Derivative assets, at fair value 194,110
Receivables from broker-dealers and clearing organizations 8,089,193 1,684,961
Commissions receivable 71,253 88,560
Short-term loans receivable 2,239,378 1,637,310
Other receivables 724,708 166,064
Prepaids,deposits and other 677,978 510,291
Total current assets 16,614,229 13,042,676
Fixed assets, net 34,919 73,688
Intangible assets 86,728 67,964
Other assets 6,169,065 233,343
Deferred taxes 1,128 677
Total Assets 22,906,069 13,418,348
Current Liabilities    
Payables to customers 5,221,270 3,853,693
Payables to broker-dealers and clearing organizations 3,845,740
Commissions payable 39,180 29,439
Accrued expenses and other payables 1,763,094 417,445
Short-term borrowings 293,905 1,412,570
Short-term borrowings from related party 128,415
Warrant liabilities 1,469,821  
Derivative liabilities, at fair value 5,653
Due to director 149,522
Dividends payable 385,901
Total current liabilities 12,788,185 6,227,463
Convertible debenture 816,006
Total Liabilities 13,604,191 6,227,463
Commitments and Contingencies
Stockholders’ Equity    
Preferred shares, $.0001 par value, 50,000,000 shares authorized, none issued and outstanding as of December 31, 2020 and 2019, respectively
Class A ordinary shares, $0.0001 par value, 300,000,000 shares authorized, 9,627,553 and 3,140,388 shares issued and outstanding at December 31, 2020 and 2019, respectively [1] 963 314
Class B ordinary shares, $0.0001 par value, 150,000,000 shares authorized, 9,843,096 and 3,949,993 shares issued and outstanding at December 31, 2020 and 2019, respectively [1] 984 395
Additional paid in capital [1] 12,269,761 7,605,034
Accumulated deficit (2,952,362) (376,903)
Accumulated other comprehensive losses (17,468) (37,955)
Total Stockholders’ Equity 9,301,878 7,190,885
Total Liabilities and Stockholders’ equity $ 22,906,069 $ 13,418,348
[1] Par value of ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1.