Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||
| Loans interest income | $ 17 | $ 35 | ||||
| Commissions | 4,930 | 5,228 | 9,686 | 9,644 | ||
| Recurring asset management service fees | 296 | 270 | 570 | 617 | ||
| Total revenues | 5,226 | 5,515 | 10,256 | 10,296 | ||
| Operating expenses: | ||||||
| Commission expense | (3,624) | (3,308) | (7,094) | (5,829) | ||
| Sales and marketing expense | (95) | (70) | (329) | (70) | ||
| Research and development expense | (288) | (1,382) | (823) | (3,084) | ||
| Personnel and benefit expense | (8,320) | (21,169) | (24,768) | (56,133) | ||
| Legal and professional fee | (15,027) | (5,931) | (22,813) | (11,769) | ||
| Office and operating fee, related party | (1,187) | (663) | (2,365) | |||
| Provision for allowance for expected credit losses | (91) | (2) | (138) | |||
| Other general and administrative expenses | (484) | (1,212) | (4,096) | (3,945) | ||
| Total operating expenses | (27,838) | (34,350) | (60,588) | (83,333) | ||
| Loss from operations | (22,612) | (28,835) | (50,332) | (73,037) | ||
| Other income (expense): | ||||||
| Interest income | 1 | 3 | 3 | 170 | ||
| Interest expense | (5,526) | (5,170) | (10,026) | (9,973) | ||
| Foreign exchange gain (loss), net | (184) | 1,784 | (396) | 2,929 | ||
| Bad debts recovered (written off) | 256 | (5,441) | ||||
| Investment income, net | 1 | 1 | ||||
| Sundry income | 23 | 44 | 37 | 150 | ||
| Total other expenses, net | (5,685) | (3,339) | (10,125) | (12,165) | ||
| Loss before income taxes | (28,297) | (32,174) | (60,457) | (85,202) | ||
| Income tax expense | (72) | (31) | (124) | (55) | ||
| Net loss | (28,369) | (32,205) | (60,581) | (85,257) | ||
| Other comprehensive loss: | ||||||
| Net loss | (28,369) | (32,205) | (60,581) | (85,257) | ||
| Other comprehensive income | ||||||
| Foreign currency translation adjustment | 39 | 747 | 708 | 808 | ||
| Other comprehensive loss | $ (28,330) | $ (31,458) | $ (59,873) | $ (84,449) | ||
| Weighted average number of common stock outstanding | ||||||
| Weighted average number of common stock outstanding – basic (in Shares) | [1] | 19,979,831 | 17,955,911 | 19,862,738 | 17,256,697 | |
| Weighted average number of common stock outstanding – diluted (in Shares) | [1] | 19,979,831 | 17,955,911 | 19,862,738 | 17,256,697 | |
| Net loss per share | ||||||
| Net loss per share – basic (in Dollars per share) | [1] | $ (1.42) | $ (1.79) | $ (3.05) | $ (4.94) | |
| Net loss per share – diluted (in Dollars per share) | [1] | $ (1.42) | $ (1.79) | $ (3.05) | $ (4.94) | |
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| X | ||||||||||
- Definition Amount of direct (write-downs) and recovery of accounts receivable charged against the allowance. No definition available.
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- Definition Amount of related party of interest expense. No definition available.
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- Definition Amount of office and operating fee, related party. No definition available.
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- Definition Recurring asset management service fees, related party. No definition available.
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- Definition Amount of commission revenue from buying and selling securities on behalf of customers. 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, 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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- References No definition available.
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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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- 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 Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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/2009/role/commonPracticeRef
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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/disclosureRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. 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/disclosureRef
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- Definition Amount of fees incurred for commissions on mutual funds and insurance products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References 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/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. 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 A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. 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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- 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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- References No definition available.
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