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Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Insurance brokerage commissions $ 959,299 $ 2,648,119 $ 5,375,531
Securities brokerage commissions and fees 1,890,502 2,210,915 2,025,650
Market making commissions and fees 4,940,623 11,056,431
Trading gains (losses) 1,833,875 1,782,750 (897,812)
Interest and other 605,836 828,635 64,894
Gross profit 10,230,135 18,526,850 6,568,263
Expenses      
Commissions and fees 1,845,994 3,355,205 5,471,602
Compensation and benefits 3,802,793 2,430,636 1,639,288
Occupancy 683,160 591,936 548,331
Communication and technology 1,454,050 823,433 588,353
General and administrative 2,264,318 692,648 539,773
Professional fees 1,565,834 761,238 227,998
Services fees 833,864 384,840 53,592
Interest 183,157 731,812 118
Depreciation 40,556 52,852 32,743
Marketing 651,324 55,378 195,933
Payment service charge 245,030 355,585
Other operating 11,464 10,463 15,406
Total operating expenses 13,581,544 10,246,026 9,313,137
(Loss) income from operations (3,351,409) 8,280,824 (2,744,874)
Change in fair value of warrant liabilities 777,266    
(Loss) income before income taxes (2,574,143) 8,280,824 (2,744,874)
Income tax expense (1,316) (64,472) (26,334)
Net (loss) income (2,575,459) 8,216,352 (2,771,208)
Other comprehensive (loss) income      
Foreign currency translation adjustment 20,487 75,637 (24,749)
Comprehensive (loss) income $ (2,554,972) $ 8,291,989 $ (2,795,957)
(Loss) earnings per share for both Class A and Class B - basic and diluted (in Dollars per share) [1] $ (0.25) $ 1.16 $ (0.39)
Class A ordinary shares      
Other comprehensive (loss) income      
Weighted average ordinary shares outstanding - basic and diluted (in Shares) [1] 6,180,795 3,140,388 3,140,388
Class B ordinary shares      
Other comprehensive (loss) income      
Weighted average ordinary shares outstanding - basic and diluted (in Shares) [1] 3,962,294 3,949,993 3,949,993
[1] Share and per share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1