v3.25.2
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Acquisitions [Abstract]  
Schedule of Estimated Fair Values of the Assets, Liabilities and Net Assets

The following table presents, on a condensed basis, the estimated fair values of the assets, liabilities and net assets that were acquired:

 

Assets:    
Cash and cash equivalents and segregated cash  $2,119,445 
Receivables from brokers, dealers, and clearing organizations   88,455 
Receivables from customers   52,551 
Prepaid expenses and other assets   153,342 
Intangible asset   2,962,202 
Liabilities:     
Payables due to customers   (88,210)
Payables due to brokers, dealers, and clearing organizations   (52,468)
Accrued expenses and other liabilities   (9,614)
Deferred tax liability   (651,684)
Net assets acquired  $4,574,019 
Schedule of Components of the Purchase Consideration The following presents the components of the Purchase Consideration.
Cash consideration  $5,000,000 
Elimination of pre-acquisition loan   2,000,000 
Fair value of consideration transferred  $7,000,000 
Schedule of Fair Value of the Net Assets Acquired The following table presents the fair value of the net assets acquired.
Cash and cash equivalents  $1,048,480 
Prepaid expenses and other assets   708,912 
Software   657,793 
Goodwill   5,197,438 
Accrued expenses and other current liabilities   (612,623)
Net assets acquired  $7,000,000