Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Revenues | |||||||
| Total revenues | $ 131,493,350 | $ 89,895,888 | $ 248,862,185 | $ 178,831,608 | $ 390,229,672 | $ 389,602,570 | $ 388,332,920 |
| Operating expenses | |||||||
| Brokerage and transaction | 34,800,716 | 18,963,229 | 58,046,172 | 36,896,073 | 79,306,618 | 66,418,918 | 59,764,117 |
| Technology and development | 19,140,449 | 15,000,146 | 36,065,341 | 29,890,228 | 63,840,463 | 52,156,468 | 46,773,114 |
| Marketing and branding | 30,300,834 | 33,182,512 | 53,291,872 | 67,196,577 | 138,721,231 | 152,258,002 | 140,280,587 |
| General and administrative | 50,976,724 | 31,615,955 | 84,597,444 | 63,524,796 | 122,714,628 | 95,789,803 | 72,960,209 |
| Total operating expenses | 135,218,723 | 98,761,842 | 232,000,829 | 197,507,674 | 404,582,940 | 366,623,191 | 319,778,027 |
| Other expense, net | 17,659,796 | 1,416,988 | 18,749,213 | 1,443,480 | (2,302,693) | 2,801,285 | 2,869,397 |
| Loss before income taxes | (21,385,169) | (10,282,942) | (1,887,857) | (20,119,546) | (12,050,575) | 20,178,094 | 65,685,496 |
| Provision for income taxes | 6,999,777 | 1,397,200 | 13,558,002 | 4,112,661 | 13,823,355 | 16,140,571 | 32,211,527 |
| (Loss) income from continuing operations, net of tax | (25,873,930) | 4,037,523 | 33,473,969 | ||||
| Income from discontinued operations, net of tax (Note 4) | 2,691,778 | 1,784,465 | 16,603,657 | ||||
| Net (loss) income | (28,384,946) | (11,680,142) | (15,445,859) | (24,232,207) | (23,182,152) | 5,821,988 | 50,077,626 |
| Less net loss attributable to noncontrolling interest (Note 4) | (110,919) | (104,600) | (257,639) | (226,420) | (488,504) | (247,296) | |
| Net loss attributable to the Company | (28,274,027) | (11,575,542) | (15,188,220) | (24,005,787) | (22,693,648) | 6,069,284 | 50,077,626 |
| Preferred shares redemption value accretion | (11,096,312) | (21,702,737) | (1,098,804,125) | (495,088,038) | (340,080,000) | (51,409,749) | |
| Fair value of ordinary shares issued to preferred shareholders | (513,080,828) | (513,080,828) | |||||
| Fair value of ordinary share warrants issued to preferred shareholders | (15,600,000) | (15,600,000) | |||||
| Excess carrying value of preferred shares repurchased | 38,093,537 | 38,093,537 | |||||
| Comprehensive loss attributable to ordinary shareholders | (509,661,361) | (23,942,738) | (516,508,515) | (1,126,843,095) | (526,117,831) | (332,347,963) | (4,883,959) |
| Net loss attributable to ordinary shareholders | $ (518,861,318) | $ (22,671,854) | $ (527,478,248) | $ (1,122,809,912) | (517,781,686) | (334,010,716) | (1,332,123) |
| Amounts attributable to ordinary shareholders | |||||||
| (Loss) income from continuing operations | (25,873,930) | 4,037,523 | 33,473,969 | ||||
| Less loss from continuing operations attributable to noncontrolling interest | (488,504) | (247,296) | |||||
| (Loss) income from continuing operations attributable to the Company | (25,385,426) | 4,284,819 | 33,473,969 | ||||
| Loss from continuing operations attributable to ordinary shareholders | (520,473,464) | (335,795,181) | (17,935,780) | ||||
| Income from discontinued operations attributable to ordinary shareholders | $ 2,691,778 | $ 1,784,465 | $ 16,603,657 | ||||
| Loss per share from continuing operations attributable to ordinary shareholders (Note 19) | |||||||
| Basic (in Dollars per share) | $ (3.75) | $ (2.43) | $ (0.13) | ||||
| Diluted (in Dollars per share) | (3.75) | (2.43) | (0.13) | ||||
| Income per share from discontinued operations attributable to ordinary shareholders | |||||||
| Basic (in Dollars per share) | 0.02 | 0.01 | 0.12 | ||||
| Diluted (in Dollars per share) | 0.02 | 0.01 | 0.12 | ||||
| Net loss attributable to ordinary shareholders | |||||||
| Basic (in Dollars per share) | $ (1.2) | $ (0.16) | $ (1.84) | $ (8.12) | (3.73) | (2.42) | (0.01) |
| Diluted (in Dollars per share) | $ (1.2) | $ (0.16) | $ (1.84) | $ (8.12) | $ (3.73) | $ (2.42) | $ (0.01) |
| Weighted-average shares outstanding | |||||||
| Basic (in Shares) | 431,390,035 | 138,878,054 | 286,155,488 | 138,346,243 | 138,828,900 | 137,965,591 | 134,489,965 |
| Diluted (in Shares) | 431,390,035 | 138,878,054 | 286,155,488 | 138,346,243 | 138,828,900 | 137,965,591 | 134,489,965 |
| Change in cumulative foreign currency translation adjustment | $ 9,212,371 | $ (1,273,322) | $ 10,954,020 | $ (4,046,056) | $ (8,430,811) | $ 1,660,040 | $ (3,551,836) |
| Other comprehensive income (loss) | 9,212,371 | (1,273,322) | 10,954,020 | (4,046,056) | (8,430,811) | 1,660,040 | (3,551,836) |
| Comprehensive loss | (19,172,575) | (12,953,464) | (4,491,839) | (28,278,263) | (31,612,963) | 7,482,028 | 46,525,790 |
| Less comprehensive loss attributable to noncontrolling interest | (110,919) | (104,600) | (257,639) | (226,420) | (488,504) | (247,296) | |
| Less foreign currency translation adjustment attributable to noncontrolling interest | 12,414 | (2,438) | (15,713) | (12,873) | (94,666) | (2,713) | |
| Equity and option order flow rebates | |||||||
| Revenues | |||||||
| Total revenues | 68,688,838 | 43,316,935 | 132,800,020 | 87,229,052 | 197,069,562 | 192,232,715 | 278,981,134 |
| Interest related income | |||||||
| Revenues | |||||||
| Total revenues | 36,286,533 | 31,898,791 | 67,426,597 | 64,396,420 | 130,451,877 | 155,792,329 | 91,882,243 |
| Handling charge income | |||||||
| Revenues | |||||||
| Total revenues | 20,105,503 | 10,365,426 | 37,652,513 | 20,069,935 | 49,044,700 | 30,677,177 | 8,500,321 |
| Other revenues | |||||||
| Revenues | |||||||
| Total revenues | $ 6,412,476 | $ 4,314,736 | $ 10,983,055 | $ 7,136,201 | $ 13,663,533 | $ 10,900,349 | $ 8,969,222 |
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- Definition Excess carrying value of preferred shares repurchased No definition available.
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- Definition The amount of fair value of ordinary share warrants issued to preferred shareholders. No definition available.
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- Definition Preferred shares redemption value accretion. No definition available.
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- Definition Represent the amount of technology and research and development expense. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) from continuing operations available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) from discontinued operations available to common shareholders. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in equity for down round feature triggered for convertible preferred stock. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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