Lion Group Holding (LGHL) F-1/A 2 Nov 21 Registration statement (foreign) (amended) Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	Lion Group Holding Ltd.
Document Type	F-1/A
Amendment Flag	true
Amendment Description	Amendment No. 4
Entity Central Index Key	0001806524
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Unit A-C, 33/F
Entity Address, Address Line Two	Tower A, Billion Center1 Wang Kwong Road
Entity Address, City or Town	Kowloon Bay
Entity Address, Country	HK
City Area Code	(852)
Local Phone Number	2820-9000
Business Contact
Document Information Line Items
Entity Address, Address Line One	122 East 42nd Street
Entity Address, Address Line Two	18th Floor
Entity Address, City or Town	New York
City Area Code	(212)
Local Phone Number	947-7200
Contact Personnel Name	Cogency Global Inc.
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10168

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 14,888,644	$ 3,426,467	$ 6,388,978
Restricted cash-bank balances held on behalf of customers		808,923	1,367,630	2,192,201
Securities owned, at fair value		30,325,800	17,622	180,201
Derivative assets, at fair value				194,110
Receivables from broker-dealers and clearing organizations		23,689,967	8,089,193	1,684,961
Crypto currencies		201,152
Commissions receivable			71,253	88,560
Short-term loans receivable		508,756	2,239,378	1,637,310
Other receivables		67,475	724,708	166,064
Prepaids, deposits and other		2,195,925	749,231
Prepaids, deposits and other			677,978	510,291
Total current assets		72,686,642	16,614,229	13,042,676
Long term investment		1,548,565
Fixed assets, net		10,264,199	34,919	73,688
Intangible assets		86,585	86,728	67,964
Other assets		1,931,686	6,169,065	233,343
Deferred taxes			1,128	677
Total Assets		86,517,677	22,906,069	13,418,348
Current Liabilities
Payables to customers		14,362,840	5,221,270	3,853,693
Payables to broker-dealers and clearing organizations		24,270,558	3,845,740
Accrued expenses and other payables		1,169,408	1,807,927
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		3,881,250	1,469,821
Derivative liabilities, at fair value			5,653
Due to director		152,472	149,522
Total current liabilities		39,955,278	11,318,364
Dividends payable				385,901
Total current liabilities			12,788,185	6,227,463
Convertible debenture			816,006
Total Liabilities		43,836,528	13,604,191	6,227,463
Commitments and Contingencies
Stockholders’ Equity
Preferred shares value
Series A Convertible Preferred Shares - 345,000 shares authorized, stated value of $1,000 per share, 7,000 and none shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively		4,231,453
Class A ordinary shares	[1]	2,933	963	314
Class B ordinary shares	[1]	984	984	395
Additional paid in capital	[1]	51,575,575	12,269,761	7,605,034
Accumulated deficit		(13,051,036)	(2,952,362)	(376,903)
Accumulated other comprehensive losses		(42,533)	(17,468)	(37,955)
Total shareholders’ equity		42,681,149	9,301,878	7,190,885
Total Liabilities and Stockholders’ equity		86,517,677	22,906,069	$ 13,418,348
Total LGHL Stockholders’ Equity		42,717,376	9,301,878
Non-controlling interest		$ (36,227)
[1]	Par value of ordinary shares, additional paid -in

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Preferred shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	50,000,000	50,000,000	50,000,000
Preferred shares, shares issued		0	0
Preferred shares, shares outstanding		0	0
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	300,000,000	300,000,000	300,000,000
Ordinary shares, shares issued	29,328,180	9,627,553	3,140,388
Ordinary shares, shares outstanding	29,328,180	9,627,553	3,140,388
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	150,000,000	150,000,000	150,000,000
Ordinary shares, shares issued	9,843,096	9,843,096	3,949,993
Ordinary shares, shares outstanding	9,843,096	9,843,096	3,949,993
Series A Preferred Stock
Preferred shares, par value (in Dollars per share)	$ 1,000	$ 1,000
Preferred shares, shares authorized	345,000	345,000
Preferred shares, shares issued	7,000	0
Preferred shares, shares outstanding	7,000	0

Condensed Statements of Operati

Condensed Statements of Operations and Comprehensive Income (Loss) {Unaudited) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Insurance brokerage commissions		$ 295,343	$ 638,574	$ 959,299	$ 2,648,119	$ 5,375,531
Securities brokerage commissions and fees		1,178,062	565,517	1,890,502	2,210,915	2,025,650
Market making commissions and fees		1,069,656	2,717,614	4,940,623	11,056,431
Trading gains		1,466,873	2,337,607
Trading gains (losses)		3,600,000		1,833,875	1,782,750	(897,812)
Interest and other		(409,637)	171,204	605,836	828,635	64,894
Gross profit		3,600,297	6,430,516	10,230,135	18,526,850	6,568,263
Expenses
Commissions and fees		1,189,243	762,061	1,845,994	3,355,205	5,471,602
Compensation and benefits		2,383,547	1,486,160	3,802,793	2,430,636	1,639,288
Occupancy		347,660	323,224	683,160	591,936	548,331
Communication and technology		947,292	469,662	1,454,050	823,433	588,353
Cost of crypto mining (inclusive of depreciation)		219,662
General and administrative		630,059	292,788	2,264,318	692,648	539,773
Professional fees		990,011	153,853	1,565,834	761,238	227,998
Services fees		2,474,122	231,785	833,864	384,840	53,592
Interest		942,264	79,343	183,157	731,812	118
Depreciation		279,680	21,992	40,556	52,852	32,743
Marketing		553,758	199,948	651,324	55,378	195,933
Payment service charge		292,630		245,030	355,585
Other operating		19,474	32,502	11,464	10,463	15,406
Total operating expenses		11,269,402	4,053,318	13,581,544	10,246,026	9,313,137
(Loss) income from operations		(7,669,105)	2,377,198	(3,351,409)	8,280,824	(2,744,874)
Change in fair value of warrant liabilities		(2,411,429)	414,440	777,266
(Loss) income before income taxes		(10,080,534)	2,791,638	(2,574,143)	8,280,824	(2,744,874)
Income tax expense		(54,367)	(3,321)	(1,316)	(64,472)	(26,334)
Net (loss) income		(10,134,901)	2,788,317	(2,575,459)	8,216,352	(2,771,208)
Other comprehensive (loss) income
Net loss attributable to non-controlling interests		36,227
Net (loss) income attributable to LGHL		(10,098,674)	2,788,317
Deemed dividend on the effect of the down round features		(1,021,500)
Deemed dividends on preferred shares		(1,562,905)
Net (loss) income attributable to LGHL ordinary shareholders		(12,683,079)	2,788,317
Foreign currency translation adjustment		(25,065)	20,560	20,487	75,637	(24,749)
Comprehensive (loss) income		$ (10,159,966)	$ 2,808,877	$ (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]	$ (0.47)	$ 0.37	$ (0.25)	$ 1.16	$ (0.39)
Weighted average Class A ordinary shares outstanding – basic and diluted (in Shares)	[1]	22,690,522	3,511,891
Weighted average Class B ordinary shares outstanding – basic and diluted (in Shares)	[1]	4,041,875	3,949,993
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

Condensed Consolidated Statemen

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)		Class AOrdinary Shares		Class BOrdinary Shares		Series AConvertible Preferred Shares	Additional Paid in Capital	[1]	Receivable from Shareholder	Accumulated Deficit		Accumulated Other Comprehensive (Loss) Income		Non- Controlling Interest	Total
Balance at Dec. 31, 2017		$ 314	[1]	$ 395	[1]		$ 12,503,046		$ (8,437,688)	$ (827,431)		$ (88,843)			$ 3,149,793
Balance (in Shares) at Dec. 31, 2017	[1]	3,140,388		3,949,993
Subscription payments									5,415,082						5,415,082
Net income (loss)										(2,771,208)					(2,771,208)
Other comprehensive income (loss)												(24,749)			(24,749)
Balance at Dec. 31, 2018		$ 314	[1]	$ 395	[1]		12,503,046		(3,022,606)	(3,598,639)		(113,592)			5,768,918
Balance (in Shares) at Dec. 31, 2018	[1]	3,140,388		3,949,993
Return of capital							(4,898,012)		3,022,606						(1,875,406)
Dividends declared										(4,994,616)					(4,994,616)
Net income (loss)										8,216,352					8,216,352
Other comprehensive income (loss)												75,637			75,637
Balance at Dec. 31, 2019		$ 314	[1]	$ 395	[1]		7,605,034			(376,903)		(37,955)			7,190,885
Balance (in Shares) at Dec. 31, 2019		3,140,388	[1]	3,949,993	[1]
Effect of reverse recapitalization, net of costs		$ 336	[1],[2]	$ 580	[1],[2]		(2,202,234)	[2]			[2]		[2]		(2,201,318)	[2]
Effect of reverse recapitalization, net of costs (in Shares)	[2]	3,357,574	[1]	5,801,221
Conversion of rights to ordinary shares upon the reverse recapitalization		$ 115	[1]		[1]		(115)
Conversion of rights to ordinary shares upon the reverse recapitalization (in Shares)	[1]	1,150,000
Net income (loss)			[1]		[1]					2,788,317					2,788,317
Other comprehensive income (loss)			[1]		[1]							20,560			20,560
Balance at Jun. 30, 2020		$ 765	[1]	$ 975	[1]		5,402,685			2,411,414		(17,395)			7,798,444
Balance (in Shares) at Jun. 30, 2020		7,647,962	[1]	9,751,214	[1]
Balance at Dec. 31, 2019		$ 314	[1]	$ 395	[1]		7,605,034			(376,903)		(37,955)			7,190,885
Balance (in Shares) at Dec. 31, 2019		3,140,388	[1]	3,949,993	[1]
Effect of reverse recapitalization, net of costs	[2]	$ 336	[1]	$ 580			(2,242,234)								(2,241,318)
Effect of reverse recapitalization, net of costs (in Shares)	[1],[2]	3,357,574		5,801,221
Conversion of rights to ordinary shares upon the reverse recapitalization		$ 115	[1]				(115)
Conversion of rights to ordinary shares upon the reverse recapitalization (in Shares)		1,150,000	[1]
Shares issued to prior D&O		$ 30	[1]				59,970								60,000
Shares issued to prior D&O (in Shares)		300,000	[1]
Shares issued in connection with August 2020 PIPE, net of costs		$ 165	[1]				2,530,536								2,530,701
Shares issued in connection with August 2020 PIPE, net of costs (in Shares)		1,650,000	[1]
Shares issued as a result of post-merger consideration adjustment		$ 3	[1]	$ 9	[1]		(12)
Shares issued as a result of post-merger consideration adjustment (in Shares)	[1]	29,591		91,882
2020 incentive shares granted and unissued							3,656,800								3,656,800
Detachable warrants issued in connection with December 2020 Convertible Debenture, net of costs							454,089								454,089
Beneficial conversion feature in connection with December 2020 Convertible Debenture							205,693								205,693
Net income (loss)										(2,575,459)					(2,575,459)
Other comprehensive income (loss)												20,487			20,487
Balance at Dec. 31, 2020		$ 963	[1]	$ 984	[1]		12,269,761			(2,952,362)		(17,468)			9,301,878
Balance (in Shares) at Dec. 31, 2020		9,627,553	[1]	9,843,096	[1]
Issuance of January 2021 Call Options for service					[1]		1,909,000								1,909,000
Conversion of Debenture into ordinary shares		$ 89	[1]		[1]		1,611,511								1,611,600
Conversion of Debenture into ordinary shares (in Shares)	[1]	889,667
Exercise of December 2020 Warrants		$ 1,420	[1]		[1]		27,398,580								27,400,000
Exercise of December 2020 Warrants (in Shares)	[1]	14,200,000
Exercise of August 2020 PIPE Warrants		$ 77	[1]		[1]		1,541,589								1,541,666
Exercise of August 2020 PIPE Warrants (in Shares)	[1]	770,833
Issuance of Series A Convertible Preferred Shares and detachable February 2021 Warrants, net of costs			[1]		[1]	$ 2,668,548	3,630,452								6,299,000
Issuance of Series A Convertible Preferred Shares and detachable February 2021 Warrants, net of costs (in Shares)						7,000
Beneficial conversion feature in connection with Series A Convertible Preferred Shares					[1]	$ 1,562,905	(1,562,905)
Issuance of ordinary shares in connection with 2020 Share Incentive Plan		$ 148	[1]		[1]		(148)
Issuance of ordinary shares in connection with 2020 Share Incentive Plan (in Shares)	[1]	1,486,504
Issuance of ordinary shares to Yun Tian		$ 36	[1]		[1]		777,935								777,971
Issuance of ordinary shares to Yun Tian (in Shares)	[1]	353,623
Exercise of January 2021 Call Options		$ 200	[1]		[1]		3,999,800								4,000,000
Exercise of January 2021 Call Options (in Shares)	[1]	2,000,000
Net income (loss)			[1]		[1]					(10,098,674)				(36,227)	(10,134,901)
Other comprehensive income (loss)			[1]		[1]							(25,065)			(25,065)
Balance at Jun. 30, 2021		$ 2,933	[1]	$ 984	[1]	$ 4,231,453	$ 51,575,575			$ (13,051,036)		$ (42,533)		$ (36,227)	$ 42,681,149
Balance (in Shares) at Jun. 30, 2021		29,328,180	[1]	9,843,096	[1]	7,000
[1]	Par value of ordinary shares, additional paid -in
[2]	As a result of the restatement the reverse recapitalization has been reduced by the fair value of approximately $2.2 million of Public Warrants and Private Warrants as a liability as of June 16, 2020 that is discussed in Note 1

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net (loss) income	$ (10,134,901)	$ 2,788,317	$ (2,575,459)	$ 8,216,352	$ (2,771,208)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock based compensation expense	190,900		3,656,800
Change in fair value of warrant liabilities	2,411,429	(414,440)	(777,266)
Amortization of debt discounts	783,994		13,288
Depreciation	367,851	21,992	40,556	52,852	32,743
Deferred taxes	(465)	479	(451)	(1,827)	(628)
Gain on forgiveness of debt				(25,528)
(Increase) decrease in operating assets
Securities owned	(30,308,178)	170,777	162,579	927,032	(1,107,233)
Derivatives assets			194,110
Receivables from broker-dealers and clearing organizations	(15,600,774)	(516,365)	(6,404,232)	4,723,829	(5,475,634)
Crypto currencies	(201,152)
Prepaids, deposits and other assets	(413,314)	122,001
Commissions receivable			17,307	68,444	187,226
Other receivables and Prepaids, deposits and other assets	(374,728)		(217,497)	(187,933)	323,392
Increase (decrease) in operating liabilities
Payables to customers	9,141,570	(809,003)	1,367,577	(5,697,526)	8,033,193
Payables to broker-dealers and clearing organizations	20,424,818	607,132	3,845,740		(8,625)
Commissions payable			9,741	(96,229)	(343,000)
Taxes payable					(76,276)
Accrued expenses and other payables	(621,266)	90,445	767,229	211,926	8,910
Derivative liabilities			5,653	(214,397)	20,287
Net cash (used in) provided by operating activities	(24,334,216)	2,061,335	105,675	7,976,995	(1,176,853)
Cash Flows from Investing Activities
Purchases of fixed assets	(2,597,361)			(20,576)	(62,586)
Acquisition of Trademarks		(5,188)	(5,184)	(4,117)
Investment in investment funds	(1,548,565)
Advance payments for assets acquisition			(5,950,000)
Advances to shareholder				(6,484,121)
Advances to unrelated parties				(19,108,159)
Short term loans receivable	(1,007,759)	(442,485)	(680,350)	(1,637,310)
Collection of short-term loan	684,861		86,020
Net cash used in investing activities	(4,468,824)	(447,673)	(6,549,514)	(27,254,283)	(62,586)
Cash Flows from Financing Activities
Dividends paid		(385,901)	(385,901)
Cash acquired in the reverse recapitalization		2,476,198	2,476,198
Payments for reverse recapitalization and ordinary shares issuance costs		(1,802,105)	(1,908,591)
Proceeds from the exercise of December 2020 warrants	27,400,000
Proceeds from the exercise of August 2020 PIPE Warrants	1,541,666
Proceeds from the exercise of January 2021 Call Options	4,000,000
Proceeds from issuance Series A Convertible Preferred Shares and detachable warrants, net of issuance costs	6,299,000
Proceeds from issuance of ordinary shares to Yuntian	777,971
Proceeds from August 2020 PIPE, net of costs			2,021,951
Proceeds from Short-term borrowings				21,047,260
Repayment of Short-term borrowings	(293,449)	(791,469)	(1,124,448)	(382,917)
Repayment of Short-term borrowings from related party		(128,415)	(128,415)
Proceeds from issuance of convertible debenture			1,540,000
Subscription payments from shareholder					5,415,082
Advances from director		1,426,107	1,616,565	7,679,131	484,601
Repayments to director		(1,426,107)	(1,467,043)	(7,679,131)	(484,601)
Net cash provided by (used in) financing activities	39,725,188	(631,692)	2,640,316	20,664,343	5,415,082
Effect of Exchange Rate Changes on Cash and Restricted Cash	(18,678)	18,746	16,441	85,966	(24,616)
Net Change in Cash and Restricted Cash	10,903,470	1,000,716	(3,787,082)	1,473,021	4,151,027
Cash and Restricted Cash – Beginning of Period	4,794,097	8,581,179	8,581,179	7,108,158	2,957,131
Cash and Restricted Cash – End of Period	15,697,567	9,581,895	4,794,097	8,581,179	7,108,158
Noncash Investing and Financing Activities
Settlement of short-term loans receivable and borrowings				19,120,332
Return of capital through reduction in subscription receivable				3,022,606
Return of capital through reduction in due from shareholder				1,875,406
Dividends made through reduction in due from shareholder				4,608,715
Dividends declared and payable at year-end				385,901
Net liabilities acquired in the reverse recapitalization		57,754	57,963
Increase in payables for ordinary shares issuance costs		570,571
Increase in payables for ordinary shares issuance costs in reverse acquisition			504,084
Decrease in accrued expenses for shares issued to prior D&O			60,000
Convertible debenture debt discounts and issuance costs charged to equity			659,782
Subscription receivable for the shares issued in August 2020 PIPE			508,750
Transfer from other assets to intangible assets		13,287	13,277
Decrease in other assets for fixed assets	8,000,000
Value of January 2021 Call Options issued for service	1,909,000
Issuance of ordinary shares in connection with 2020 Share Incentive Plan	148
Conversion of Debenture into ordinary shares	1,611,511
Supplemental disclosure of cash flow information
Cash paid for interest	104,927	$ 73,168	115,160	729,504
Cash paid for income taxes	$ 54,667		$ 8,227	$ 1,521	$ 180,689

Organization and Principal Acti

Organization and Principal Activities	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Principal Activities	Note 1 — Organization and Principal Activities Lion Group Holding Ltd. (the “Company”, “Lion” or “LGHL”) is a company with limited liability registered as an exempted company in the Cayman Islands. The Company and its subsidiaries (collectively referred to as the “Group”) provide securities, futures and derivatives brokerage services, insurance brokerage services and market maker trading services. Each American Depositary Shares (“ADSs”) of the Company represents one Class A ordinary share. Reverse Recapitalization The Company was incorporated on February 11, 2020 for the sole purpose of consummating the business combination described further below. A business combination agreement dated March 10, 2020, as amended and restated on May 12, 2020 (the “Business Combination Agreement”), was entered into by and among the Company, Proficient Alpha Acquisition Corp., a Nevada corporation (“PAAC”), Lion MergerCo I, Inc., a Delaware corporation and a wholly -owned On June 16, 2020, the Company consummated the Business Combination (the “Closing”) and each of PAAC and LFGL became a wholly -owned -tenth The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. generally accepted accounting principles. Under this method of accounting, LGHL and PAAC are treated as the “acquired” company for financial reporting purpose. This determination was primarily based on LFGL comprising the ongoing operations of the combined company, LFGL’s senior management comprising the senior management of the combined company, and LFGL’s stockholders having a majority of the voting power of the combined company. Accordingly, for accounting purposes, LFGL is deemed the accounting acquirer in the transaction. The transaction is not a business combination because neither PAAC nor LGHL was a business under ASC 805. Consequently, the transaction is treated as the equivalent of LFGL issuing stock for the net monetary assets of PAAC, accompanied by a recapitalization of LFGL. Accordingly, the consolidated assets, liabilities and results of operations of LFGL are the historical financial statements of the combined company, and LGHL and PAAC’s assets, liabilities and results of operations are consolidated with LFGL beginning on June 16, 2020. The consolidated financial statements are prepared as a continuation of the financial statements of LFGL, the acquirer and predecessor, with retrospective adjustments to give effect of the reverse recapitalization. The equity is restated using the exchange ratio of 141.81 established in the reverse recapitalization transaction, which is 7,090,381 (the number of Exchange Shares excluding Escrow Shares, see below) divided by 50,000, to reflect the equity structure of the legal acquirer, LGHL. Earnings (loss) per share is retrospectively restated using the historical weighted -average The par value of ordinary shares was adjusted retrospectively from $0 to $709, and the difference of $709 was adjusted retrospectively as additional paid -in Upon the consummation of the reverse recapitalization, the assets and liabilities of PAAC were recognized at fair value. The fair value of cash and short -term -in Cash $ 2,476,198 Prepaid expenses and other current assets 209 Warrant liabilities (2,247,087 ) Accrued expenses (57,963 ) Net assets acquired by LGHL as of June 16, 2020 $ 171,357 For the six months ended June 30, 2020, the Group incurred approximately $2.4 million of direct and incremental transaction costs, consisting of legal, accounting and financial consulting services directly associated with the reverse recapitalization. In accordance with SEC reporting guidance with regards to an operating company’s reverse acquisition with a nonoperating company having some cash, transaction costs incurred for the reverse acquisition, such as legal fees, investment banking fees and the like, may be charged directly to equity to the extent of the cash received, while all costs in excess of cash received should be charged to expense. Accordingly, the Group charged transaction costs of approximately $2.4 million to additional paid in capital in the consolidated financial statements. 1,933,740 Class B ordinary shares being 15% of the Exchange Shares (“Indemnity Escrow Shares”) otherwise issuable to LFGL shareholders are set aside in escrow for a period of 24 months after the closing to satisfy any post -closing • • Principal Activities The Group generates commission revenues by enabling its customers to trade in securities, futures and derivative markets throughout the world. The Group’s trading customers consist of corporate clients, individual traders and retail investors primarily located in People’s Republic of China (“PRC”) and Southeast Asia, although its trading platform allows it to serve customers worldwide. The Group also generates commission revenues by providing insurance brokerage services to high -net-worth In May 2019, the Group began to serve as the counterparty to its customers in derivative transactions. This predominantly occurs when a customer utilizes a contract for difference (CFD). CFDs allow for the exchange of the difference in value of a particular asset such as a currency pair between the time at which a contract is opened and the time at which it is closed. If the trades of one customer can be used to naturally offset the trades of another customer, the Group will act as the market maker to offer liquidity and pricing to both customers. When such an offsetting is not available, the Group may choose to use its own trades to offset the trades of its customer, and the Group may also act as a broker in arranging trades between the customer and third -party The Group officially began offering total return swap (TRS) trading services to customers in July 2020. The Group has entered into International Swaps and Derivatives Association (ISDA) master agreements and related supplementary agreements with two of the top five swap traders in China. The Group is currently offering A -shares -share In March 2021, the Group launched the sponsorship of two Special Purpose Acquisition Companies (“SPAC”) in cooperation with other parties with offering size of $50,000,000 each. The SPACs’ registration statements are currently still under SEC’s review. For the six months ended June 30, 2021, three trading customers accounted for more than 68% of its total revenue; for the first six months of 2020, the Group had three trading customers account for 38.9% of its total revenue. For the six months ended June 30, 2021 and 2020, one clearing broker accounted for 68.2% and 55.3%, respectively, of the Group’s total commissions expense. For the six months ended June 30, 2021 and 2020, the Group placed 82% (less than 10% of total revenue for the first six months of 2021) and 77.1% (less than 10% of total revenue for the first six months of 2020) of its insurance brokerage sales with one insurance provider. The subsidiaries of the Company include a participant of the Stock Exchange of Hong Kong Limited (“SEHK”) and Hong Kong Securities Clearing Company Limited (“HKSCC”), remote trading member of Singapore Exchange Limited (“SGX”), and member of the Professional Insurance Brokers Association Limited (“PIBA”); possess the licenses issued by Hong Kong Securities and Futures Commission (“HKSFC”) to carry out regulated activities including Type 1 Dealing in Securities, Type 2 Dealing in Futures Contracts, Type 4 Advising on Securities, Type 5 Advising on Futures Contracts, and Type 9 Asset Management, and the full license issued by Cayman Islands Monetary Authority (“CIMA”) to carry out securities investment business including Broker Dealer and Market Maker. COVID-19 In December 2019, COVID -19 -19 -19 -19 -19 Details of the Company’s subsidiaries as of June 30, 2021 are as follows: Company Name Date of Place of Ownership Principal Activities Lion Financial Group Limited June 16, 2015 British Virgin Islands 100% Investment holding Lion Wealth Management Limited February 16, 2017 British Virgin Islands 100% Investment holding Lion International Securities Group Limited May 20, 2016 Hong Kong 100% Securities brokerage Lion Futures Limited May 20, 2016 Hong Kong 100% Futures brokerage Lion Investment (Hong Kong) Limited (F/K/A Lion Foreign Exchange Limited) May 20, 2016 Hong Kong 100% Dormant Lion Asset Management Limited (F/K/A Lion Capital Management Limited) May 20, 2016 Hong Kong 100% Asset management BC Wealth Management Limited October 14, 2014 Hong Kong 100% Insurance brokerage Lion Wealth Limited October 4, 2018 Hong Kong 100% Marketing and support service Lion Brokers Limited May 2, 2017 Cayman Islands 100% Broker dealer and market maker Lion Investment Fund SPC June 11, 2019 Cayman Islands 100% Dormant Lion International Financial July 26,2019 Singapore 100% Dormant Company Name Date of Place of Ownership Principal Activities Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.) June 16, 2020 Nevada, USA 100% Dormant Lion Fintech Group Limited April 13, 2021 British Virgin Islands 100% Investment holding Royal Lion Investment Limited April 13, 2021 Cayman Islands 70% Investment holding Royal Lion Middle East DMCC April 13, 2021 Dubai 70% Trading in crypto-commodities Lion NFT Limited (“Lion NFT”) May 7, 2021 British Virgin Islands 60% Investment and innovation in digital assets Flying Lion Limited (“Flying Lion”) June 17, 2021 Cayman Islands 70% Investment and innovation in digital assets Lion Group (Hangzhou) Investment Limited May 7, 2021 China 100% Technology development, consulting, conference and exhibition services Aquarius Sponsor Ltd. April 12, 2021 British Virgin Islands 51% Investment holding Aquarius II Sponsor Ltd. May 4, 2021 British Virgin Islands 51% Investment holding Aquarius I Acquisition Corp. April 15, 2021 Cayman Islands 51% Special purpose acquisition company Aquarius II Acquisition Corp. May 5, 2021 Cayman Islands 51% Special purpose acquisition company	Note 1 — Organization and Principal Activities Lion Group Holding Ltd. (the “Company”, “Lion” or “LGHL”) is a company with limited liability registered as an exempted company in the Cayman Islands. The Company’s principal executive office is located at Unit A -C The Company and its subsidiaries (collectively referred to as the “Group”) provide securities, futures and derivatives brokerage services, insurance brokerage services and market maker trading services. As a result of the transaction described below, the Company’s ordinary shares and warrants started to be traded on the NASDAQ Capital Market under the ticker symbols LGHL and LGHLW, respectively on June Reverse Recapitalization The Company was incorporated on February -owned On June -owned -tenth The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. generally accepted accounting principles. Under this method of accounting, LGHL and PAAC are treated as the “acquired” company for financial reporting purpose. This determination was primarily based on LFGL comprising the ongoing operations of the combined company, LFGL’s senior management comprising the senior management of the combined company, and LFGL’s stockholders having a majority of the voting power of the combined company. Accordingly, for accounting purposes, LFGL is deemed the accounting acquirer in the transaction. The transaction is not a business combination because neither PAAC nor LGHL was a business under ASC 805. Consequently, the transaction is treated as the equivalent of LFGL issuing stock for the net monetary assets of PAAC, accompanied by a recapitalization of LFGL. Accordingly, the consolidated assets, liabilities and results of operations of LFGL are the historical financial statements of the combined company, and LGHL and PAAC’s assets, liabilities and results of operations are consolidated with LFGL beginning on June The consolidated financial statements are prepared as a continuation of the financial statements of LFGL, the acquirer and predecessor, with retrospective adjustments to give effect of the reverse recapitalization. The equity is restated using the exchange ratio of 141.81 established in the reverse recapitalization transaction, which is 7,090,381 (the number of Exchange Shares excluding Escrow Shares, see below) divided by 50,000, to reflect the equity structure of the legal acquirer, LGHL. Earnings (loss) per share is retrospectively restated using the historical weighted -average The par value of ordinary shares was adjusted retrospectively from $0 to $709, and the difference of $709 was adjusted retrospectively as additional paid -in Years ended December 31, 2019 2018 Before adjustment After adjustment Before adjustment After adjustment Earnings (loss) per share – basic and dilutive $ 164.3 $ 1.16 $ (55.4 ) $ (0.39 ) Upon the consummation of the reverse recapitalization, the assets and liabilities of PAAC were recognized at fair value. The fair value of cash and short -term -in Cash $ 2,476,198 Prepaid expenses and other current assets 209 Warrant liabilities (2,247,087 ) Accrued expenses (57,963 ) Net assets acquired by LGHL as of June 16, 2020 $ 171,357 During the year ended December 1,933,740 Class B ordinary shares being 15% of the Exchange Shares (“Indemnity Escrow Shares”) otherwise issuable to LFGL shareholders are set aside in escrow for a period of 24 -closing • • giving effect to any forfeitures for the 2021 calendar year, the “Second Half Earnout Property”) shall vest and shall no longer be subject to forfeiture. If the 2022 Net Income is less than the Second Net Income Target, but is equal to or greater than $10,925,000, then the Class B Sellers’ rights to 50% of the Second Half Earnout Property shall vest and shall no longer be subject to forfeiture. In all other cases, the Second Half Earnout Property will be forfeited. Principal Activities The Group generates commission revenues by enabling its customers to trade in securities, futures and derivative markets throughout the world. The Group’s trading customers consist of corporate clients, individual traders and retail investors primarily located in People’s Republic of China (“PRC”) and Southeast Asia, although its trading platform allows it to serve customers worldwide. The Group also generates commission revenues by providing insurance brokerage services to high -net-worth In May 2019, the Group began to serve as the counterparty to its customers in derivative transactions. This predominantly occurs when a customer utilizes a contract for difference (CFD). CFDs allow for the exchange of the difference in value of a particular asset such as a currency pair between the time at which a contract is opened and the time at which it is closed. If the trades of one customer can be used to naturally offset the trades of another customer, the Group will act as the market maker to offer liquidity and pricing to both customers. When such an offsetting is not available, the Group may choose to use its own trades to offset the trades of its customer, and the Group may also act as a broker in arranging trades between the customer and third -party The Group officially began offering total return swap (TRS) trading services to customers in July 2020. The Group has entered into International Swaps and Derivatives Association (ISDA) master agreements and related supplementary agreements with two of the top five swap traders in China. The Group is currently offering A -shares -share For the year ended December For the years ended December The subsidiaries of the Company include a participant of the Stock Exchange of Hong Kong Limited (“SEHK”) and Hong Kong Securities Clearing Company Limited (“HKSCC”), remote trading member of Singapore Exchange Limited (“SGX”), and member of the Professional Insurance Brokers Association Limited (“PIBA”); possess the licenses issued by Hong Kong Securities and Futures Commission (“HKSFC”) to carry out regulated activities including Type 1 Dealing in Securities, Type 2 Dealing in Futures Contracts, Type 4 Advising on Securities, Type 5 Advising on Futures Contracts, and Type 9 Asset Management, and the full license issued by Cayman Islands Monetary Authority (“CIMA”) to carry out securities investment business including Broker Dealer and Market Maker. COVID-19 In December 2019, COVID -19 -19 -19 -19 -19 Details of the Company’s subsidiaries as of December Company name Date of Place of Ownership interest Principal activities Lion Financial Group Limited June 16, 2015 British Virgin Islands 100% Investment holding Lion Wealth Management Limited February 16, 2017 British Virgin Islands 100% Investment holding Lion International Securities Group Limited May 20, 2016 Hong Kong 100% Securities brokerage Lion Futures Limited May 20, 2016 Hong Kong 100% Futures brokerage Lion Foreign Exchange Limited May 20, 2016 Hong Kong 100% Dormant Lion Asset Management Limited (F/K/A Lion Capital Management Limited) May 20, 2016 Hong Kong 100% Asset management BC Wealth Management Limited October 14, 2014 Hong Kong 100% Insurance brokerage Lion Wealth Limited October 4, 2018 Hong Kong 100% Marketing and support service Lion Brokers Limited May 2, 2017 Cayman Islands 100% Broker dealer and market maker Lion Investment Fund SPC June 11, 2019 Cayman Islands 100% Dormant Lion International Financial (Singapore) Pte LTD July 26, 2019 Singapore 100% Dormant Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.) June 16, 2020 Nevada, USA 100% Dormant

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 — Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements reflect all adjustments that, in the opinion of management, are necessary to fairly present the financial statements for the interim periods. The condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and have been prepared in accordance with the regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Results for the interim periods are not necessarily indicative of results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with LFGL’s audited consolidated financial statements and related notes as of and for the year ended December 31, 2020. Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All intra -group Translation of Foreign Currencies The functional currency is the U.S. dollar for the Group’s Cayman Island operations and the Hong Kong dollar for all other Group operations. The Group’s reporting currency is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at year -end Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements as well as the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Securities Owned and Derivatives The Group’s proprietary trading securities transactions are recorded on the trade date, as if they had settled. Securities, futures and derivative positions are recorded at fair value in accordance with FASB ASC 820, Fair Value Measurement. Crypto Currencies Crypto currencies are included in current assets in the unaudited condensed consolidated balance sheets. Crypto currencies are recorded at cost less impairment. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite -lived The following table presents the activities of the crypto currencies for the six months ended June 30, 2021: Crypto currencies at December 31, 2020 $ — Additions of crypto currencies 201,152 Realized gain on sale of crypto currencies — Impairment of crypto currencies — Sale of crypto currencies — Crypto currencies at June 30, 2021 $ 201,152 Crypto-currency Machines Management has assessed the basis of depreciation of the Group’s crypto -currency -year • • • The Group operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight -line To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period either as a result of changes in circumstances or through the availability of greater quantities of data then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets. Receivables Receivables arise from the business of dealing in investment securities, futures and derivatives and include the amounts due on brokerage transactions on a trade -date -dealers Receivables from broker -dealers -shares Fixed Assets, Net Fixed assets are stated at cost and depreciated using the straight -line Long-term Investments The Group follows Accounting Standards Update (“ASU”) 2016 -01 -03 For equity investments that are accounted for using the measurement alternative, the Group initially records equity investments at cost but is required to adjust the carrying value of such equity investments through earnings when there is an observable transaction involving the same or a similar investment with the same issuer or upon an impairment. Payables Payables arise from the business of dealing in investment securities, futures and derivatives. The Group enters into loans from business partners at benchmark interest rate plus a fixed spread, and immediately lent to TRS trading service customers. Net loans borrowed from TRS business partners are included in the line item “payables to broker -dealers -dealers Payables to customers as presented in the consolidated balance sheets represent such payables related to the Group’s customer trading activities as well as the cash balances held on behalf of customers. Commissions payable mainly represent amounts owed to referral sources outside of the Group for transactions referred based on the terms of the underlying agreements. As of June 30, 2021 and December 31, 2020, commissions payable were both related to the insurance brokerage business. Revenue Recognition See Note 3 for details. Cost of Revenue The Company’s cost of revenue consists primarily of direct costs of earning bitcoin related to mining operations, including electric power costs, other utilities, and depreciation expenses on the mining machines. Commissions and Fees Commissions and fees related to securities, derivative and TRS trading transactions are recorded on a trade date basis. Commissions expense on insurance products are recognized on the closing date of a transaction as determined by the terms of the relevant contract and insurance policy. Derivative Financial Instruments The Company evaluates all of its equity -linked -10 -40 -valued Earnings (Loss) per Ordinary Share The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share”, which requires earnings per share for each class of stock (ordinary shares and participating securities) to be calculated using the two -class -class -class Basic earnings (loss) per ordinary share is computed by dividing net income or loss by the weighted average number of ordinary shares issued and outstanding for the periods. For the six months ended June 30, 2021, the December 2020 Convertible Debenture (as discussed in Note 13) which is convertible into the Company’s Class A ordinary shares, as represented by ADSs and December 2020 Series A Warrant (as discussed in Note 13) which is exercisable into the Company’s Class A ordinary shares, as represented by ADSs, have the same dividend rights as the ordinary shares on an as -converted -exercised In accordance with ASC 260 -10-45 For purposes of determining diluted earnings (loss) per ordinary share, basic earnings (loss) per ordinary share is further adjusted to include the effect of potential dilutive ordinary shares outstanding during the period. Potential ordinary shares consist of the incremental ordinary shares upon exercise of warrants using the treasury stock method and upon conversion of convertible debt using the if -converted For the six months ended June 30, 2021 and 2020 (on a retroactively adjusted basis), the following potential dilutive securities denominated in ordinary shares equivalents were excluded for the period they were outstanding from the computation of diluted earnings (loss) per share because to do so would have been antidilutive. As a result, diluted earnings (loss) per ordinary share is the same as basic earnings (loss) per ordinary share for all periods presented. Six Months Ended 2021 2020 SPAC Warrants See Note 21 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 15 1,500,000 — Convertible Debenture See Note 13 800,000 — December 2020 Warrants See Note 13 13,700,000 — Series A Convertible Preferred Shares See Note 14 2,333,333 — February 2021 Warrants See Note 14 26,666,667 — Non-controlling Interest Non -controlling -controlling -controlling -controlling Reclassification Certain prior periods amounts have been reclassified to be comparable to the current period presentation. The reclassification has no effect on previously reported net assets or net income (loss). Stock-based Compensation The Company applies ASC No. 718, “Compensation -Stock -based -07 After the closing of the Business Combination, the fair value of the Company’s ordinary shares underlying stock -based -based Income Taxes The amount of current taxes payable or refundable is recognized as of the date of the consolidated financial statements, utilizing currently enacted tax laws and rates of the relevant authorities. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and tax credits based on applicable tax rates. Deferred tax assets are reduced by a valuation allowance when management determines that it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax expenses or benefits are recognized in the consolidated financial statements for the changes in deferred tax liabilities or assets between years. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group presents any interest or penalties related to an underpayment of income taxes as part of its income tax expense. Concentrations of Credit Risk The Group is engaged in various trading and brokerage activities in which counterparties primarily include broker -dealers Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016 -02 -use -term -of-use -05 -02 -to-use In June 2016, FASB amended guidance related to impairment of financial instruments as part of ASU 2016 -13 -effect -retrospective -05 -11 -13 -10 -for-profit small public companies effective date on its credit losses (CECL) standards to fiscal years beginning after December 15, 2022 and interim periods therein. The Group has evaluated the effect of the adoption of this ASU and does not expect there will be significant impact on its consolidated financial statements from the adoption of the new guidance. In August 2020, the FASB issued ASU No. 2020 -06 -20 -40	Note 2 — Significant Accounting Policies Basis of Presentation These consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and have been prepared in accordance with the regulations of the Securities and Exchange Commission (“SEC”). Restatement of Previously Issued Financial Statements The Company has restated its consolidated financial statements as of and for the year ended December -period Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All intra -group Translation of Foreign Currencies The functional currency is the U.S. dollar for the Group’s Cayman Island operations and the Hong Kong dollar for all other Group operations. The Group’s reporting currency is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at year -end exchange for the year and equity is translated at historical exchange rates. Any translation gains or losses are recorded in other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in net income. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements as well as the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents consist of deposits with banks and all highly liquid investments, with maturities of three months or less, that are not segregated and deposited for regulatory purposes. The Group maintains its cash in bank deposit accounts which at times may exceed insured limits. The Group has not experienced any losses in such accounts. Management believes that the Group is not exposed to any significant credit risk on cash and cash equivalents. Restricted Cash — Cash Balances Held on Behalf of Customers The Group maintains segregated trust accounts with licensed banks or payment platform to hold customer funds in accordance with the relevant legislation. The Group has classified customer funds as bank balances held on behalf of customers with a corresponding payable to customers in the liabilities section of the consolidated balance sheets. Securities Owned and Derivatives Securities transactions are recorded on the trade date, as if they had settled. Securities, futures and derivative positions are recorded at fair value in accordance with FASB ASC 820, Fair Value Measurement. See Notes 5 and 10 for more information on derivatives. Receivables Receivables arise from the business of dealing in investment securities, futures and derivatives and include the amounts due on brokerage transactions on a trade -date -dealers Receivables from broker -dealers -shares -dealers Commissions receivable as presented in the consolidated balance sheets represent trading commissions due and amounts due from insurance providers once referrals have been made and the transactions have been executed under the terms of the relative insurance policy or subscription agreement. As of December Fixed Assets and Depreciation Furniture, equipment and leasehold improvements are stated at cost less accumulated depreciation. Depreciation is provided on a straight -line Intangible Assets Intangible assets are originally recognized at cost. The useful lives of intangible assets are assessed to be either finite or indefinite. The Group’s intangible assets consist of eligibility rights to trade on or through the Stock Exchange of Hong Kong Limited (the “SEHK ”) -generating Payables Payables arise from the business of dealing in investment securities, futures and derivatives. The Group borrows loans from business partners at benchmark interest rate plus a fixed spread, and immediately lent to TRS trading service customers. Net loans borrowed from TRS business partners are included in the line item “payables to broker -dealers -dealers Payables to customers as presented in the consolidated balance sheets represent such payables related to the Group’s customer trading activities as well as the cash balances held on behalf of customers. Commissions payable mainly represent amounts owed to referral sources outside of the Group for transactions referred based on the terms of the underlying agreements. As of December Revenue recognition See Note 3 for details. Commissions and Fees Commissions and fees related to securities, derivative and TRS trading transactions are recorded on a trade date basis. Commissions expense on insurance products are recognized on the closing date of a transaction as determined by the terms of the relevant contract and insurance policy. Derivative Financial Instruments The Company evaluates all of its equity -linked -10 -40 -valued Earnings (Loss) per Ordinary Share The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share”, which requires earnings per share for each class of stock (ordinary shares and participating securities) to be calculated using the two -class -class -class Basic earnings (loss) per ordinary share is computed by dividing net income or loss by the weighted average number of ordinary shares issued and outstanding for the periods. For the year ended December -converted -exercised In accordance with ASC 260 -10-45 For purposes of determining diluted earnings (loss) per ordinary share, basic earnings (loss) per ordinary share is further adjusted to include the effect of potential dilutive ordinary shares outstanding during the period. Potential ordinary shares consist of the incremental ordinary shares upon exercise of warrants using the treasury stock method and upon conversion of convertible debt using the if -converted During the years ended December Year ended December 31, 2020 2019 2018 SPAC Warrants See Note 20 17,795,000 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 13 1,500,000 — — December 2020 Convertible Debenture See Note 12 800,000 — — December 2020 Series A Warrant See Note 12 1,200,000 — — December 2020 Series B Warrant See Note 12 5,000,000 — — December 2020 Series C Warrant See Note 12 7,500,000 — — Subsequently, an aggregate of approximately 17.6 Reclassification Certain prior periods amounts have been reclassified to be comparable to the current period presentation. The reclassification has no effect on previously reported net assets or net income (loss). Stock-based Compensation The Company applies ASC No. 718, “Compensation -Stock -based -07 After the closing of the Business Combination, the fair value of the Company’s ordinary shares underlying stock -based -based Income Taxes The amount of current taxes payable or refundable is recognized as of the date of the consolidated financial statements, utilizing currently enacted tax laws and rates of the relevant authorities. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and tax credits based on applicable tax rates. Deferred tax assets are reduced by a valuation allowance when management determines that it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax expenses or benefits are recognized in the consolidated financial statements for the changes in deferred tax liabilities or assets between years. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group presents any interest or penalties related to an underpayment of income taxes as part of its income tax expense. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016 -02 -use -term -of-use -05 -02 -to-use In June 2016, FASB amended guidance related to impairment of financial instruments as part of ASU 2016 -13 off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual rights to receive cash. For public business entities, the amendments in this Update are effective for fiscal years beginning after December -effect -retrospective -05 -11 -13 -10 -for-profit In August 2020, the FASB issued ASU No. 2020 -06 -20 -40

Revenue Recognition

Revenue Recognition	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition	Note 3 — Revenue Recognition Under ASC Topic 606 Revenue from Contracts with Customers, revenues are recognized when control of the promised goods or services is transferred to customers in exchange for an amount that reflects the consideration the Group expects to be entitled to in return for transferring those goods or services. Significant Judgments Revenue from contracts with customers include commission income from securities, futures and derivative brokerage, market making trading and insurance brokerage. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. Commissions and Fees The Group earns fees and commissions from securities, futures and derivatives brokerage services (including commissions and fees related to TRS trading business) and CFD trading services when the Group acts as a market maker. Each time a customer executes a securities, futures, derivative or CFD transaction, commissions and fees are earned. Commissions and related clearing fees and expenses are recorded on the trade date. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Group charges securities brokerage commissions and market making commissions based on amount of transaction volume, or the number of shares, lots of contracts executed in each order, which generally vary in accordance with the type of products or services the Group offers. The Group also earns commission income arising from insurance brokerage services which are recognized at a point in time when the performance obligation has been satisfied by successfully referring an insurance client to an insurer in accordance with the relevant broker contract. The commission earned is equal to a percentage of the premium paid to the insurance provider. The following table presents revenue from contracts with customers, in accordance with ASC Topic 606, by major source and geographic region: For the Six Months Ended 2021 2020 Insurance brokerage commissions $ 295,343 $ 638,574 Securities brokerage commissions 1,178,062 565,517 Market making commissions and fees 1,069,656 2,717,614 Total revenue from contracts with customers $ 2,543,061 $ 3,921,705 Hong Kong $ 1,473,405 $ 1,204,091 Cayman Islands 1,069,656 2,717,614 $ 2,543,061 $ 3,921,705 All of the Group’s revenues from contracts with customers are recognized at a point in time. Trading Gains (Losses) Trading gains and losses along with interest revenue fall within the scope of ASC Topic 825, Financial Instruments, Trading gains (losses) consist of realized and unrealized gains (losses) derived from (i) managed portfolio trading positions where the Group act as counterparty to customers’ trades, (ii) marking up the bid/offer spreads on customers’ CFD transactions, and (iii) the option trading products purchased by customers. Changes in fair value in relation to derivative contracts are recorded in trading gains (losses), net on a daily basis. Interest Income and Other Interest income primarily consist of interest earned on bank deposit and short -term Other income primarily consists of advisory service fee, government subsidy, crypto currencies mining, and other miscellaneous charges from customers etc. Crypto Currencies Mining The Group recognizes revenue under ASC 606, Revenue from Contracts with Customers. The core principle of the new revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle: • • • • • In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct), and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract). If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity must consider the effects of all of the following: • • • • • Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate. Providing computing power in digital asset transaction verification services is an output of the Group’s ordinary activities. The provision of providing such computing power is the only performance obligation in the Group’s contracts with mining pool operators. The transaction consideration the Group receives, if any, is noncash consideration, which the Group measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Group has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block (by being the first to solve an algorithm) and the Group receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions. Fair value of the cryptocurrency award received is determined using the quoted closing price of the related cryptocurrency at the date of receipt. There is currently no specific definitive guidance under GAAP or alternative accounting framework for the accounting for cryptocurrencies recognized as revenue or held, and management has exercised significant judgment in determining the appropriate accounting treatment. In the event authoritative guidance is enacted by the FASB, the Group may be required to change its policies, which could have an effect on the Group’s consolidated financial position and results from operations.	Note 3 — Revenue Recognition Under ASC Topic 606 Revenue from Contracts with Customers, revenues are recognized when control of the promised goods or services is transferred to customers in exchange for an amount that reflects the consideration the Group expects to be entitled to in return for transferring those goods or services. Significant Judgments Revenue from contracts with customers include commission income from securities, futures and derivative brokerage, market making trading and insurance brokerage. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. Commissions and fees The Group earns fees and commissions from securities, futures and derivatives brokerage services (including commissions and fees related to TRS trading business) and CFD trading services when the Group acts as a market maker. Each time a customer executes a securities, futures, derivative or CFD transaction, commissions and fees are earned. Commissions and related clearing fees and expenses are recorded on the trade date. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Group charges securities brokerage commissions and market making commissions based on amount of transaction volume, or the number of shares, lots of contracts executed in each order, which generally vary in accordance with the type of products or services the Group offers. The Group also earns commission income arising from insurance brokerage services which are recognized at a point in time when the performance obligation has been satisfied by successfully referring an insurance client to an insurer in accordance with the relevant broker contract. The commission earned is equal to a percentage of the premium paid to the insurance provider. The following table presents revenue from contracts with customers, in accordance with ASC Topic 606, by major source and geographic region: Year ended December 31, 2020 2019 2018 Insurance brokerage commissions $ 959,299 $ 2,648,119 $ 5,375,531 Securities brokerage commissions 1,890,502 2,210,915 2,025,650 Market making commissions and fees 4,940,623 11,056,431 — Total revenue from contracts with customers $ 7,790,424 $ 15,915,465 $ 7,401,181 Hong Kong $ 2,777,831 $ 4,859,034 $ 7,401,181 Cayman Islands 5,012,593 11,056,431 — $ 7,790,424 $ 15,915,465 $ 7,401,181 All of the Group’s revenues from contracts with customers are recognized at a point in time. Trading Gains (Losses), Interest Income and Other Trading gains and losses along with interest revenue fall within the scope of ASC Topic 825, Financial Instruments, Trading gains (losses) consist of realized and unrealized gains (losses) derived from (i) managed portfolio trading positions where the Group act as counterparty to customers’ trades, and (ii) marking up the bid/offer spreads on customers’ CFD transactions. Changes in fair value in relation to derivative contracts are recorded in trading gains (losses), net on a daily basis. Interest income primarily consist of interests earned on bank deposit and short -term Other income primarily consists of advisory service fee, government subsidy and other miscellaneous charges from customers etc.

Cash and Restricted Cash

Cash and Restricted Cash	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Cash and Restricted Cash [Abstract]
Cash and Restricted Cash	Note 4 — Cash and Restricted Cash The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets and statements of cash flows. June 30, 2021 2020 Cash $ 14,888,644 $ 8,111,409 Restricted Cash 808,923 1,470,486 Total cash and restricted cash presented in the consolidated statement of $ 15,697,567 $ 9,581,895 Restricted cash includes cash balances held on behalf of customers (See Note 2 for further information).	Note 4 — Cash and Restricted Cash The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets and statements of cash flows. December 31, 2020 2019 2018 Cash $ 3,426,467 $ 6,388,978 $ 3,116,209 Restricted Cash 1,367,630 2,192,201 3,991,949 Total cash and restricted cash presented in the consolidated statement of cash flows $ 4,794,097 $ 8,581,179 $ 7,108,158 Restricted cash includes cash balances held on behalf of customers (See Note 2 for further information).

Fair Value

Fair Value	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Note 5 — Fair Value Fair Value Hierarchy FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: • • • The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. A description of the valuation techniques applied to the Group’s major categories of assets and liabilities measured at fair value on a recurring basis follows. Exchange -traded Listed derivatives that are actively traded are valued based on quoted prices at the close of trading on the period end date and are categorized in level 1 of the fair value hierarchy. Listed derivatives that are not actively traded are valued using the same approaches as those applied to OTC derivatives; they are generally categorized in level 2 of the fair value hierarchy. Depending on the product and the terms of the transaction, the fair value of OTC derivative products can be either observed or modeled using a series of techniques and model inputs from comparable benchmarks. Substantially all of the Group’s OTC derivatives were carried at fair value based on spot exchange rates broadly distributed in active markets, or amounts approximating fair value. Such values are categorized as level 2 of the fair value hierarchy. Public Warrants are classified as level 1 financial instruments, as their value is derived using quoted market prices as of the measurement date. Private Warrants are classified as level -Sholes-Merton The significant assumptions which the Company used in the model for the six months ended June 30, 2021 are: Stock price $ 2.41 Exercise price $ 11.50 Expected term in years 3.96 Expected dividend yield 0 % Volatility 61.28 % Risk-free interest Rate 0.781 % The significant assumptions which the Company used in the model for the period from June 16, 2020 (closing day of the Business Combination) to December 31, 2020 are: Stock price $ 1.89 ~ 2.43 Exercise price $ 11.50 Expected term in years 4.46 ~ 5.00 Expected dividend yield 0% Volatility 54.44% ~ 54.92% Risk-free interest Rate 0.364% ~ 0.373% The following table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020. At June 30, 2021 Quoted Prices Significant Significant Total Assets Listed equity securities (i) $ 30,325,800 $ — $ — $ 30,325,800 $ 30,325,800 $ — $ — $ 30,325,800 Liabilities Warrant liabilities $ (2,645,000 ) $ (1,236,250 ) $ — $ (3,881,250 ) ____________ (i) In February 2021, the Group entered into a framework strategic partnership agreement with Grandshores Technology Group Limited (“Grandshores”). The amount includes the fair value of 64,500,000 At December 31, 2020 Quoted Prices Significant Significant Total Assets Listed equity securities $ 17,622 $ — $ — $ 17,622 Liabilities Derivatives $ — $ (5,653 ) $ — $ (5,653 ) Warrant liabilities (as restated) (1,000,500 ) (469,321 ) — (1,469,821 ) $ (1,000,500 ) $ (474,974 ) $ — $ (1,475,474 ) There were no transfers between level 1 and level 2 during either year. The following table presents the carrying values and estimated fair values of financial assets and liabilities, excluding financial instruments that are carried at fair value on a recurring basis, and information is provided on their classification within the fair value hierarchy. At June 30, 2021 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 14,888,644 $ 14,888,644 $ — $ — $ 14,888,644 Bank balances held on behalf of customers 808,923 808,923 — — 808,923 Receivables from broker-dealers and clearing organizations 23,689,967 — 23,689,967 — 23,689,967 Short-term loans receivable 508,756 — 508,756 — 508,756 Other receivables 67,475 — 67,475 — 67,475 $ 39,963,765 $ 15,697,567 $ 24,266,198 $ — $ 39,963,765 Liabilities Payables to customers $ 14,362,840 $ — $ 14,362,840 $ — $ 14,362,840 Payable to broker-dealers 24,270,558 — 24,270,558 — 24,270,558 Accrued expenses and other payables 1,169,408 — 1,169,408 — 1,169,408 Short-term borrowings — — — — — Due to director 152,472 — 152,472 — 152,472 $ 39,955,278 $ — $ 39,955,278 $ — $ 39,955,278 At December 31, 2020 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 3,426,467 $ 3,426,467 $ — $ — $ 3,426,467 Bank balances held on behalf of customers 1,367,630 1,367,630 — — 1,367,630 Receivables from broker-dealers and clearing organizations 8,089,193 — 8,089,193 — 8,089,193 Short-term loans receivable 2,239,378 — 2,239,378 — 2,239,378 Commissions receivable 71,253 — 71,253 — 71,253 Other receivables 724,708 — 724,708 — 724,708 $ 15,918,629 $ 4,794,097 $ 11,124,532 $ — $ 15,918,629 Total Quoted Prices Significant Significant Estimated Liabilities Payables to customers $ 5,221,270 $ — $ 5,221,270 $ — $ 5,221,270 Payable to broker-dealers 3,845,740 — 3,845,740 — 3,845,740 Commissions payable 39,180 — 39,180 — 39,180 Accrued expenses and other payables 1,763,094 — 1,763,094 — 1,763,094 Short-term borrowings 293,905 — 293,905 — 293,905 Due to director 149,522 — 149,522 — 149,522 $ 11,312,711 $ — $ 11,312,711 $ — $ 11,312,711	Note 5 — Fair Value Fair Value Hierarchy FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: • • • The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. A description of the valuation techniques applied to the Group’s major categories of assets and liabilities measured at fair value on a recurring basis follows. Exchange -traded Listed derivatives that are actively traded are valued based on quoted prices at the close of trading on the period end date and are categorized in level 1 of the fair value hierarchy. Listed derivatives that are not actively traded are valued using the same approaches as those applied to OTC derivatives; they are generally categorized in level 2 of the fair value hierarchy. Depending on the product and the terms of the transaction, the fair value of OTC derivative products can be either observed or modeled using a series of techniques and model inputs from comparable benchmarks. Substantially all of the Group’s OTC derivatives were carried at fair value based on spot exchange rates broadly distributed in active markets, or amounts approximating fair value. Such values are categorized as level 2 of the fair value hierarchy. Public Warrants are classified as level 1 financial instruments, as their value is derived using quoted market prices as of the measurement date. Private Warrants are classified as level -Sholes-Merton Stock price $ 1.89 ~ 2.43 Exercise price $ 11.50 Expected term in years 4.46 ~ 5.00 Expected dividend yield 0% Volatility 54.44% ~ 54.92% Risk-free interest Rate 0.364% ~ 0.373% The following table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis at December At December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Significant Unobservable Total Assets Listed equity securities $ 17,622 $ — $ — $ 17,622 Liabilities Derivatives $ — $ (5,653 ) $ — $ (5,653 ) Warrant liabilities (as restated) (1,000,500 ) (469,321 ) — (1,469,821 ) $ (1,000,500 ) $ (474,974 ) $ — $ (1,475,474 ) At December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs Total Assets Listed equity securities $ 180,201 $ — $ — $ 180,201 Derivatives — 194,110 — 194,110 $ 180,201 $ 194,110 $ — $ 374,311 There were no transfers between level 1 and level 2 during either year. The following table presents the carrying values and estimated fair values of financial assets and liabilities, excluding financial instruments that are carried at fair value on a recurring basis, and information is provided on their classification within the fair value hierarchy. At December 31, 2020 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 3,426,467 $ 3,426,467 $ — $ — $ 3,426,467 Bank balances held on behalf of customers 1,367,630 1,367,630 — — 1,367,630 Receivables from 8,089,193 — 8,089,193 — 8,089,193 Short-term loans receivable 2,239,378 — 2,239,378 — 2,239,378 Commissions receivable 71,253 — 71,253 — 71,253 Other receivables 724,708 — 724,708 — 724,708 $ 15,918,629 $ 4,794,097 $ 10,399,824 $ — $ 15,918,629 Liabilities Payables to customers $ 5,221,270 $ — $ 5,221,270 $ — $ 5,221,270 Payable to broker-dealers 3,845,740 — 3,845,740 — 3,845,740 Commissions payable 39,180 — 39,180 — 39,180 Accrued expenses and other payables 1,763,094 — 1,763,094 — 1,763,094 Short-term borrowings 293,905 — 293,905 — 293,905 Due to director 149,522 — 149,522 — 149,522 $ 11,312,711 $ — $ 11,312,711 $ — $ 11,312,711 At December 31, 2019 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 6,388,978 $ 6,388,978 $ — $ — $ 6,388,978 Bank balances held on behalf of customers 2,192,201 2,192,201 — — 2,192,201 Receivables from broker-dealers and clearing organizations 1,684,961 — 1,684,961 — 1,684,961 Short-term loans receivable 1,637,310 — 1,637,310 — 1,637,310 Commissions receivable 88,560 — 88,560 — 88,560 Other receivables 166,064 — 166,064 — 166,064 $ 12,158,074 $ 8,581,179 $ 3,576,895 $ — $ 12,158,074 Total Quoted Prices Significant Significant Estimated Liabilities Payables to customers $ 3,853,693 $ — $ 3,853,693 $ — $ 3,853,693 Commissions payable 29,439 — 29,439 — 29,439 Dividends payable 385,901 — 385,901 — 385,901 Accrued expenses and other payables 417,445 — 417,445 — 417,445 Short-term borrowings 1,412,570 — 1,412,570 — 1,412,570 Short-term borrowings from related party 128,415 — 128,415 — 128,415 $ 6,227,463 $ — $ 6,227,463 $ — $ 6,227,463

Short-term Loans Receivable

Short-term Loans Receivable	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Short-term Loans Receivable [Abstract]
Short-term Loans Receivable	Note 6 — Short-term Loans Receivable (a) On December 20, 2019, the Group issued notes receivable in an aggregate of approximately $1,626,000 to an unrelated party. The notes were due June 20, 2020 and accrue interest at a rate of 6% per annum. On June 20, 2020, the notes were extended to June 21, 2021. For the years ended December 31, 2020 and 2019, interest income earned on these notes were approximately $99,000 and $3,000, respectively. (b) In June and December 2020, the Group entered into loan agreements in the aggregate principal amount of $380,000 to one unrelated party. The loans are due on April 28, 2021 and June 29, 2021, respectively and both accrue interest at a rate of 6% per annum. For the year ended December 31, 2020, interest income earned on these notes was approximately $4,000. (c) In June 2020, the Group entered into a loan agreement in the principal amount of $300,000 to another unrelated party. Such loan is due on December 1, 2020 and accrue interest at a rate of 6% per annum. The loan was partially repaid and then was extended to December 1, 2021. As of December 31, 2020, the outstanding balance was approximately $214,000 which was fully repaid in March 2021. For the six months ended June 30, 2021 and the year ended December 31, 2020, interest income earned on this note was approximately $3,000 and $11,000, respectively. On March 1, 2021, the Group entered into Deeds of Assignment with the two unrelated borrowers discussed in (a) and (b) above and Lanlian (as discussed in Note 7). As a result, the Group assigned the outstanding loans receivable and accrued interest in Note 6(a) in an aggregate of approximate $1,691,000 to Lanlian without recourse as payment for the purchase price (as discussed in Note 7), and such notes were fully settled; the Group assigned the outstanding loans receivable in Note 6(b) in an aggregate of approximate $359,000 to Lanlian without recourse as payment for the purchase price (as discussed in Note 7), and the remaining principal of such loans were approximately $21,000 which were fully collected in March 2021. No gains or losses are recognized. (d) On April 28, 2021, the Group entered into loan agreement in the principal amount of $1,000,000 to one unrelated party. The loan is due on June 1, 2021 and accrue interest at a rate of 12% per annum. The loan was partially repaid and then was extended to September 30, 2021. As of September 30, 2021, the loan was assigned to Lanlian as part of the consideration for the trading software purchase as described in Note 22. For the six months ended June 30, 2021, interest income earned on this note was approximately $16,000. As of June 30, 2021 and December 31, 2020, the aggregate outstanding balance of loan receivables above was approximately $509,000 and $1,637,000, respectively.	Note 6 — Short-term Loans Receivable (a) On December (b) In June and December 2020, the Group entered into loan agreements in the aggregate principal amount of $380,000 to one unrelated party. The loans are due on April (c) In June 2020, the Group entered into a loan agreement in the principal amount of $300,000 to another unrelated party. Such loan is due on December As of December

Other Assets

Other Assets	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Other Assets [Abstract]
Other Assets	Note 7 — Other Assets As of December 31, 2020, the balance of other assets was primarily comprised of advance payment for purchasing eight copyrighted trading software in the amount of $5,950,000. In December 2020, the Group entered into an asset acquisition agreement with Hangzhou Lanlian Technology Co., Ltd (“Lanlian”), in a single transaction, to acquire eight separate copyrighted trading software programs at closing. The acquisition was closed in March 2021, with the Group acquiring eight copyrighted trading software programs (“Assets Portfolio”) with titles transferred. The aggregate purchase price for the Assets Portfolio was approximately $8.0 million, inclusive of capital expenditure commitments and transaction costs. In addition, as a result of Deed of Assignments entered as discussed in Note 6, the aggregate purchase price was fully settled and the $5,950,000 in other assets was transferred to fixed assets. In May 2021, the Group made a long -term	Note 7 — Other Assets As of December In December 2020, the Group entered into an asset acquisition agreement (the “Asset Acquisition Agreement”) with Hangzhou Lanlian Technology Co., Ltd (“Lanlian”), in a single transaction, to acquire eight separate copyrighted trading software programs at closing. The acquisition is expected close on or before June

Accrued Expenses and Other Paya

Accrued Expenses and Other Payables	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses and Other Payables [Abstract]
Accrued Expenses and Other Payables	Note 10 — Accrued Expenses and Other Payables Accrued expenses and other payables consist of the following: June 30, December 31, (unaudited) Accrued professional fees $ 212,525 $ 1,376,450 Accrued vacation and benefits 342,187 174,771 Accrued communication and technology expenses 182,963 114,754 Accrued electricity expenses for crypto mining 131,410 — Payable to Grandshore on Sponsor entities 179,764 — Other payables 64,195 97,119 $ 1,113,045 $ 1,763,094	Note 8 — Accrued Expenses and Other Payables Accrued expenses and other payables consist of the following: December 31, 2020 2019 Accrued professional fees $ 1,376,450 $ 188,749 Accrued vacation and benefits 174,771 127,999 Accrued communication and technology expenses 114,754 83,724 Other payables 97,119 16,973 $ 1,763,094 $ 417,445

Short-term Borrowings

Short-term Borrowings	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Short-term Borrowings [Abstract]
Short-term Borrowings	Note 11 — Short-term Borrowings In August and September 2019, Lion Wealth Limited (“LWL”) obtained short -term -term -term -term During 2020, LWL entered into a supplemental loan agreement with China Tonghai Financial Limited and the loan was changed to due on demand afterwards. During the year ended December 31, 2020, the repayments made were approximately $990,000 in the aggregate, and interest expense incurred on the remaining outstanding balance totaled approximately $105,000. As of December 31, 2020, the outstanding amount under this loan was approximately $294,000 which was fully repaid in February 2021.	Note 9 — Short-term Borrowings In August and September 2019, Lion Wealth Limited (“LWL”) obtained short -term -term -term -term During 2020, LWL entered into a supplemental loan agreement with China Tonghai Financial Limited and the loan was changed to due on demand afterwards. During the year ended December In September 2019, Lion Financial Group Limited obtained short -term -party In November 2019, LWL obtained short -term

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2020
Derivatives [Abstract]
Derivatives	Note 10 — Derivatives Derivative financial instruments used for trading purposes are carried at fair value. Fair values for exchange -traded -the-counter The Group does not apply hedge accounting as defined in FASB ASC 815 because all financial instruments are recorded at fair value with changes in fair values reflected in earnings. Therefore, certain of the disclosures required under FASB ASC 815 are generally not applicable with respect to these financial instruments. As discussed in Note The contractual amounts related to CFDs reflect the volume and activity and generally do not reflect the amounts at risk. The fair value of the asset or liability is the best indicator of the Group’s risk. The credit risk for the CFDs is limited to the unrealized fair value gains (losses) recorded in the balance sheets. Market risk is substantially dependent upon the value of the underlying assets and is affected by market forces such as volatility and changes in interest and foreign exchange rates. The Group’s open derivative positions at December Offsetting Arrangements Financial assets and financial liabilities are offset and the net amount is reported in the consolidated balance sheets if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. Concentrations of Credit Risk The Group is engaged in various trading and brokerage activities in which counterparties primarily include broker -dealers

Related Parties

Related Parties	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Parties	Note 12 — Related Parties During the six months ended June 30, 2021, no advances were received or repaid from/to the individual shareholder. During the year ended December 31, 2020, dividends paid to the individual shareholder were $385,901; the Group received the advances from director for working capital needs in an aggregate of approximately $1,617,000 and repaid in an aggregate of approximately $1,467,000. As a result, due to director in an amount of approximately $152,000 and $150,000 were included in the consolidated balance sheet as of June 30, 2021 and December 31, 2020, respectively.	Note 11 — Related Parties The Group received subscription payments from its then sole shareholder prior to Business Combination to meet the capital needs, which were reflected in the consolidated statements of changes in stockholders’ equity. In addition, the sole shareholder also funded the Group’s working capital needs and the Group repaid and provided advances to the shareholder from time to time, which were recorded in due from or due to shareholder included in the consolidated balance sheets. Any advances received from and made to the shareholder are non -interest Prior to the Closing, an individual shareholder owns 100% of the LFGL’s outstanding shares which were initially financed with subscription receivable from the shareholder recorded as a reduction to equity. The shareholder has been making subscription payments based on the capital needs. This sole shareholder became the Group’s director upon the Closing. During the year ended December During the year ended December During the year ended December Also see Note 9 for a description of a short -term

December 2020 Convertible Deben

December 2020 Convertible Debenture and Warrants	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
December 2020 Convertible Debenture and Warrants	Note 13 — December 2020 Convertible Debenture and Warrants On December 14, 2020, the Company completed a private placement in net proceeds of $1,540,000 in exchange for the issuance of i) a 9% senior secured convertible debenture (the “2020 Convertible Debenture” or “Debenture”) in the principal amount of $1,600,000, which is convertible up to 800,000 ADSs at $2.00 per ADS at any time, matures 30 months from the date of issuance and accrues interest at 9% per annum payable quarterly in cash or, in lieu of cash payment, in our ADSs, subject to adjustment and certain customary equity conditions; ii) a 2 -year -year The Debenture includes an adjustment provision in the event of share combination event (as defined in the agreements), also includes a full ratchet anti -dilution The Company adopted ASU 2017 -11 -10-15 -Scholes Series A Series B Series C Expected term in years 7 2 7 Expected dividend yield 0 % 0 % 0 % Volatility 46.68 % 49.61 % 46.68 % Risk-free interest Rate 0.63 % 0.197 % 0.63 % The Company assessed the accounting for the Debenture in accordance with ASC 470 -20 The intrinsic value of beneficial conversion feature (the “BCF”) is greater than the proceeds allocated to the convertible instrument, therefore the amount of the discount assigned to the BCF is limited to the amount of the proceeds allocated to the convertible instrument. For the holder of the Debenture, conversion price results in BCF that is separated as an equity component and assigned a value of approximately $206,000 as a debt discount. Debt discount is amortized using the effective interest rate method over the period from the issuance date through the stated redemption date. The issuance costs are allocated in the same proportion as the proceeds are allocated to the debt and warrants. Issuance costs allocated to the equity -classified The Debenture is recognized initially at fair value, net of debt discounts including the amount paid to the holder of $60,000 and allocation of proceeds to BCF and the detachable Series A and Series B Warrants of $737,000, in an aggregate of approximately $803,000 on the date of issuance. As the vesting of Series C Warrants is contingent upon the exercise of Series B, debt discounts related to allocation of proceeds to Series C Warrants will be deferred and recognized until Series C Warrants are vested on a proportional basis. As of December 31, 2020, the remaining unamortized debt discount was $784,000. The Company recognized interest expense of approximately $20,000 for the period ended December 31, 2020 including interest relating to contractual interest obligation approximately of $7,000 and amortization of the debt discounts and debt issuance cost approximately of $13,000. As a result of discounts accretion and amortization, the Debenture was in the carrying value of approximately $816,000 as of December 31, 2020. As a result of January 2021 Call Options as discussed in Note 14, exercise price of Series A and Series C Warrants was adjusted from $2.45 to $2.00. In accordance with ASC 260 -10-25-1 On January 29, 2021, the Debenture along with accrued interest of $11,600 was fully converted into 889,667 Class A ordinary shares, as represented by ADSs. The remaining debt discounts of $784,000 was fully amortized upon conversion. The Company recognized interest expense of approximately $796,000 for the six months ended June 30, 2021. During the six months ended June 30, 2021, as a result of full exercise of December 2020 Warrants, the Company received the proceeds of $27.4 million in exchange for the issuance of 14,200,000 Class A ordinary shares, as represented by ADSs.	Note 12 — December 2020 Convertible Debenture and Warrants On December -year -year The Debenture includes an adjustment provision in the event of share combination event (as defined in the agreements), also includes a full ratchet anti -dilution The Company adopted ASU 2017 -11 -10-15 -Scholes Series A Series B Series C Expected term in years 7 2 7 Expected dividend yield 0 % 0 % 0 % Volatility 46.68 % 49.61 % 46.68 % Risk-free interest Rate 0.63 % 0.197 % 0.63 % The Company assessed the accounting for the Debenture in accordance with ASC 470 -20 The intrinsic value of beneficial conversion feature (the “BCF”) is greater than the proceeds allocated to the convertible instrument, therefore the amount of the discount assigned to the BCF is limited to the amount of the proceeds allocated to the convertible instrument. For the holder of the Debenture, conversion price results in BCF that is separated as an equity component and assigned a value of approximately $206,000 as a debt discount. Debt discount is amortized using the effective interest rate method over the period from the issuance date through the stated redemption date. The issuance costs are allocated in the same proportion as the proceeds are allocated to the debt and warrants. Issuance costs allocated to the equity -classified The Debenture is recognized initially at fair value, net of debt discounts including the amount paid to the holder of $60,000 and allocation of proceeds to BCF and the detachable Series A and Series B Warrants of $737,000, in an aggregate of approximately $803,000 on the date of issuance. As the vesting of Series C Warrants is contingent upon the exercise of Series B, debt discounts related to allocation of proceeds to Series C Warrants will be deferred and recognized until Series C Warrants are vested on a proportional basis. As of December The Company recognized interest expense of approximately $20,000 for the period ended December

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	Note 15 — Stockholders’ Equity Ordinary Shares and Preferred Shares The Company is authorized to issue (i) 450,000,000 ordinary shares, $0.0001 par value per share, divided into 300,000,000 Class A ordinary shares and 150,000,000 Class B ordinary shares, and (ii) 50,000,000 preferred shares, $0.0001 par value per share. As of June 16, 2020, subsequent to the closing of the Business Combination, there were 17,399,176 ordinary shares outstanding, including 7,647,962 Class A ordinary shares and 9,751,214 Class B ordinary shares, and no preferred shares outstanding. The shareholders of Class A and Class B ordinary shares have the same rights except for the voting and conversion rights. Each Class A ordinary share is entitled to one vote, and is not convertible into Class B ordinary share under any circumstance; and each Class B ordinary share is entitled to ten votes, and is convertible into one Class A ordinary share at any time by the holder thereof, subject to adjustments for any subdivision or combination. A total of 1,486,504 Class A ordinary shares, represented by ADSs were issued in March 2021 in connection with 2020 Share Incentive Plan. As of June 30, 2021 and December 31, 2020, there was an aggregate of 29,328,180 and 9,627,553 Class A ordinary shares issued and outstanding, respectively; and an aggregate of 9,843,096 Class B ordinary shares issued and outstanding each. As of June 30, 2021, there was an aggregate of 7,000 preferred shares issued and outstanding and no preferred shares outstanding as of December 31, 2020. August 2020 Private Placement On August 1, 2020, the Company entered into a securities purchase agreement (as amended on September 29, 2020, and later amended and restated on October 19, 2020) with three investors (collectively, the “Investors”). Two tranches of transactions contemplated under the agreement were closed on August 3 and November 13, 2020, respectively. As a result, an aggregate of 1,500,000 ADSs and 1,500,000 warrants to purchase an aggregate of 1,500,000 of our ADS at US$3.00 per ADS (the “August 2020 PIPE Warrants”) were issued at US$2.00 per ADS for an aggregate purchase price of US$3 million, and an aggregate of 150,000 ADSs were issued as origination fee. Issuance costs of approximately $469,000 were recorded as a charge to additional paid -in -40 -in -20-30 Such warrants shall be exercisable for a period of three years from the issuance date. Exercise price is subject to adjustments in case of reorganization, consolidation, merger etc. and in case of stock purchase rights in the subsequent two -year As a result of January 2021 Call Options as discussed below, exercise price of PIPE Warrants was adjusted from $3.00 to $2.00. In accordance with ASC 260 -10-25-1 For the six months ended June 30, 2021, 770,833 Class A ordinary shares, as represented by ADSs were issued for the aggregate proceeds of approximately $1.5 million, as a result of investors’ exercise of August 2020 PIPE Warrants. Share Subscription Agreement with Yun Tian On December 19, 2020, the Company entered into a private placement share subscription agreement (the “Share Subscription Agreement”) with Yun Tian Investment Limited (“Yun Tian”). Yun Tian subscribes for an aggregate of not more than 4,540,000 Class A ordinary shares (the “Subscription Shares”) by tranches at a subscription price of $2.2 per share before June 30, 2021. The Share Subscription Agreement is automatically terminated at June 30, 2021. The Subscription Shares shall be subject to a lock -up For a period of two years commencing on January 1, 2021 (or such other date as may be mutually agreed), Yun Tian shall procure that Lion Brokers Limited’s TRS trading business, T+0 business, OTC Stock Options business and any other relevant business (the “Relevant Business”) shall achieve a milestone (the “Milestone”) of net profit before tax of RMB 200 million. At any point of time during the two -year -out -out -out -10-15 -10 -out For the six months ended June 30, 2021, the Company received subscription price in an aggregate of $0.8 million from Yun Tian, and the related Subscription Shares of 353,623 Class A shares were issued. January 2021 Call Options On January 6, 2021, the Company entered into a binding strategic cooperation framework agreement (the “Strategic Cooperation Agreement”) with Mr. Yao Yongjie (“Mr. Yao”) and engaged Mr. Yao as the chief technical adviser to provide technical advice and consultancy service in blockchain industry. The Company grants to Mr. Yao options (the “Call Options”) to subscribe for 6 million Class A ordinary shares, represented by ADSs at a price fixed at US$2 per share. Within 24 months of the signing of the Strategic Cooperation Agreement, Mr. Yao may exercise the right to subscribe for such shares by tranches if the following conditions are met: (i) if the closing price of the shares in the Company exceeds US$3 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options; (ii) if the closing price of the shares in the Company exceeds US$5 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options; (iii) if the closing price of the shares in the Company exceeds US$7.50 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options. The Company estimated the fair value of the call options on the date of grant using Binomial Option Pricing Model applying the assumptions in the following table. The fair value of the Call Options is valued at approximately $1,909,000, and recognized as stock -based -year Call Expected term in years 2 Expected dividend yield 0 % Volatility 51.69 % Risk-free interest Rate 0.21 % For the six months ended June 30, 2021, an aggregate of $191,000 was recognized in expenses. For the six months ended June 30, 2021, 2,000,000 Class A ordinary shares, as represented by ADSs were issued for the aggregate proceeds of $4.0 million, as a result of exercise of Call Options.	Note 13 — Stockholders’ Equity Ordinary Shares and Preferred Shares The Company is authorized to issue (i) 450,000,000 ordinary shares, $0.0001 par value per share, divided into 300,000,000 Class A ordinary shares and 150,000,000 Class B ordinary shares, and (ii) 50,000,000 preferred shares, $0.0001 par value per share. As of June The shareholders of Class A and Class B ordinary shares have the same rights except for the voting and conversion rights. Each Class A ordinary share is entitled to one vote, and is not convertible into Class B ordinary share under any circumstance; and each Class B ordinary share is entitled to ten votes, and is convertible into one Class A ordinary share at any time by the holder thereof, subject to adjustments for any subdivision or combination. On July On November -merger August 2020 Private Placement On August -in -40 -in -20-30 Such warrants shall be exercisable for a period of three years from the issuance date. Exercise price is subject to adjustments in case of reorganization, consolidation, merger etc. and in case of stock purchase rights in the subsequent two -year Share Subscription Agreement with Yun Tian On December -up For a period of two years commencing on January -year -out -out -out -10-15 -10 -out As of December

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 16 — Stock-Based Compensation 2020 Share Incentive Plan In June 2020, in connection with the Business Combination, the Company’s board approved the 2020 Share Incentive Plan (the “2020 Plan”) and reserved 4,632,449 ordinary shares for issuance thereunder. The Company’s employees, non -employee ten	Note 14 — Stock-Based Compensation 2020 Share Incentive Plan In June 2020, in connection with the Business Combination, the Company’s board approved the 2020 Share Incentive Plan (the “2020 Plan”) and reserved 4,632,449 ordinary shares for issuance thereunder. The Company’s employees, non -employee forth in the award agreements which may be a fixed or variable price related to the fair market value of the Company’s ordinary shares and a contractual term up to ten years. The Administrator is authorized to grant deferred shares to any Eligible Individual. The number of shares of deferred shares shall be determined by the Administrator; shares underlying a deferred share award will not be issued until the deferred share award has vested, pursuant to a vesting schedule or other conditions or criteria set by the Administrator. As of December On December -employee -based Communication and technology $ 335,000 Marketing 363,000 Services fees 294,000 Compensation and benefits 934,800 Professional fees 228,000 General and administrative 1,502,000 Total stock-based compensation $ 3,656,800

Income Taxes

Income Taxes	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 17 — Income Taxes The current and deferred portions of the income tax expense included in the statements of operations and comprehensive income as determined in accordance with FASB ASC 740 are as follows: Six Months Ended 2021 2020 Current $ 53,239 $ 2,842 Deferred 1,128 479 $ 54,367 $ 3,321 A reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the Group’s income tax expense is shown in the following table: Six Months Ended 2021 2020 Income tax expense (benefit) at applicable statutory rate (1) $ (1,688,110 ) $ 9,738 Nondeductible expenses (402,509 ) 5,090 (Income) loss not subject to tax (2) 1,151,121 (323,006 ) Current year change in valuation allowance 940,626 311,499 Prior year examination adjustment 53,239 — Reported income taxes $ 54,367 $ 3,321 ____________ (1) The applicable statutory rate applied is based on the profits tax rates in Hong Kong. Effective for tax years ended on or after December 31, 2018, the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate. The Singapore entity within the Group has an applicable tax rate of 17.0%. The entity in the United States within the Group has a federal tax rate of 21.0%. (2) The Group also has entities domiciled in the British Virgin Islands and the Cayman Islands, but such entities are not subject to income or capital gains taxes. Significant components of the Group’s deferred tax assets (liabilities) are presented below: June 30, Decemer 31, Deferred tax asset Others $ 1,477 $ 1,128 Fixed assets 118 — Net operating loss carryforwards 2,323,105 1,367,309 Less: Valuation allowance (2,324,700 ) (1,367,309 ) Net deferred tax asset $ — $ 1,128 Management has applied a valuation allowance to the total amount of deferred tax assets based on the determination that it is more likely than not that some portion of the deferred tax asset will not be realized. This determination was based on the historic and estimated future profitability of the entities to which the deferred tax assets relate. The tax rules in Hong Kong do not allow the Group to file on a consolidated basis.	Note 15 — Income Taxes The current and deferred portions of the income tax expense included in the statements of operations and comprehensive income as determined in accordance with FASB ASC 740 are as follows: Year ended December 31, 2020 2019 2018 Current $ 1,767 $ 66,299 $ 26,962 Deferred (451 ) (1,827 ) (628 ) $ 1,316 $ 64,472 $ 26,334 A reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the Group’s income tax expense is shown in the following table: Year ended December 31, 2020 2019 2018 Income tax expense (benefit) at applicable statutory rate (1) $ (348,782 ) $ 1,345,164 $ (473,951 ) (Income) loss not subject to tax (2) (214,313 ) (1,716,553 ) 313,015 Current year change in valuation allowance 558,859 406,506 195,420 Others 5,552 29,355 (8,150 ) Reported income taxes $ 1,316 $ 64,472 $ 26,334 (1) The applicable statutory rate applied is based on the profits tax rates in Hong Kong. Effective for tax years ended on or after December 31, 2018, the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate. The Singapore entity within the Group has an applicable tax rate of 17.0%. The entity in the United States within the Group has a federal tax rate of 21.0%. (2) The Group also has entities domiciled in the British Virgin Islands and the Cayman Islands, but such entities are not subject to income or capital gains taxes. Significant components of the Group’s deferred tax assets (liabilities) are presented below: December 31, 2020 December 31, 2019 Deferred tax asset Others $ 1,128 $ 677 Net operating loss carryforwards 1,367,309 808,450 Less: Valuation allowance (1,367,309 ) (808,450 ) Net deferred tax asset $ 1,128 $ 677 Management has applied a valuation allowance to the total amount of deferred tax assets based on the determination that it is more likely than not that some portion of the deferred tax asset will not be realized. This determination was based on the historic and estimated future profitability of the entities to which the deferred tax assets relate. The tax rules in Hong Kong do not allow the Group to file on a consolidated basis.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2020
Commitments [Abstract]
Commitments	Note 16 — Commitments The Group leases certain office premises under non -cancelable Future minimum payments under non -cancelable Year Ended December 31, 2021 $ 646,930 2022 209,556 2023 3,736 $ 860,222

Regulatory Requirements

Regulatory Requirements	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Regulatory Assets and Liabilities Disclosure [Abstract]
Regulatory Requirements	Note 19 — Regulatory Requirements The following table illustrates the minimum regulatory capital as established by the Hong Kong Securities and Futures Commission, the Insurance Authority (Hong Kong) and the Cayman Islands Monetary Authority (CIMA) that the Company’s subsidiaries were required to maintain as of June 30, 2021 and the actual amounts of capital that were maintained. Entity Name Minimum Capital Excess Percent of Lion International Securities Group Limited $ 386,292 $ 1,171,495 $ 785,203 303 % Lion Futures Limited 386,292 1,039,855 653,563 269 % Lion Asset Management Limited 12,876 43,415 30,539 337 % BC Wealth Management Limited 12,876 177,081 164,205 1375 % Lion Broker Limited (Cayman) 9,704,983 12,495,487 2,790,504 129 % Total $ 10,503,319 $ 14,927,333 $ 4,424,014 142 %	Note 17 — Regulatory Requirements The following table illustrates the minimum regulatory capital as established by the Hong Kong Securities and Futures Commission, the Insurance Authority (Hong Kong) and the Cayman Islands Monetary Authority (CIMA) that the Company’s subsidiaries were required to maintain as of December Entity Name Minimum Regulatory Capital Requirements Capital Excess Percent of requirement Maintained Lion International Securities Group Limited $ 386,927 $ 1,043,803 $ 656,876 270 % Lion Futures Limited 386,927 948,872 561,945 245 % Lion Asset Management Limited 12,898 27,770 14,872 215 % BC Wealth Management Limited 12,898 468,279 455,381 3631 % Lion Broker Limited (Cayman) 537,164 8,426,049 7,888,885 1569 % Total $ 1,336,814 $ 10,914,773 $ 9,577,959 816 %

Segment Reporting

Segment Reporting	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Note 20 — Segment Reporting ASC 280, Disclosures about Segments of an Enterprise and Related Information establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise which engage in business activities from which they may earn revenues and incur expenses, and about which separate financial information is available that is evaluated regularly by the chief operating decision -maker -making The Group has three primary operating segments (1) futures and securities brokerage services, (2) insurance brokerage services and (3) market making (CFD) trading and other. The Group’s futures and securities brokerage segment generates commissions income by enabling customers to trade in futures and securities markets throughout the world. The Group’s insurance brokerage segment generates commissions by providing insurance brokerage services to high -net-worth Futures Insurance Market making Other Total Six months ended June 30, 2021 Revenue $ 1,212,222 $ 295,340 $ 2,949,525 $ (856,790 ) $ 3,600,297 Commissions and fees 814,295 84,902 290,046 — 1,189,243 Compensation and benefits 594,038 135,183 — 1,654,326 2,383,547 Occupancy — 119,301 4,200 224,159 347,660 Communication and technology 224,232 3,126 563,526 156,408 947,292 General and administrative 40,133 21,225 164,709 403,992 630,059 Crypto currencies — — — 219,662 219,662 Professional fees 773 — 190,128 799,110 990,011 Service fees — — 2,311,018 163,104 2,474,122 Interest — — 109,268 832,996 942,264 Depreciation 1,476 — 266,666 11,538 279,680 Marketing 1,010 — 55,000 497,748 553,758 Payment service charge — — 292,630 — 292,630 Other operating expenses 1,526 — — 17,948 19,474 1,677,483 363,737 4,247,191 4,980,991 11,269,402 Income (loss) from operations $ (465,261 ) $ (68,397 ) $ (1,297,666 ) $ (5,837,781 ) $ (7,669,105 ) Total segment assets $ 4,412,577 $ 182,524 $ 63,259,609 $ 18,662,967 $ 86,517,677 Futures Insurance Market making Other Total Six months ended June 30, 2020 Revenue $ 617,242 $ 638,574 5,126,239 $ 48,461 $ 6,430,516 Commissions 387,439 315,083 59,539 — 762,061 Compensation 607,139 135,312 — 743,709 1,486,160 Occupancy 3,119 142,052 3,600 174,453 323,224 Communication and technology 208,672 2,393 257,311 1,286 469,662 General and administrative 34,396 24,502 105,853 128,037 292,788 Professional fees 800 — 112,506 40,547 153,853 Service fees — — 119,379 112,406 231,785 Interest — — 4,989 74,354 79,343 Depreciation 10,484 — — 11,508 21,992 Marketing 222 222 105,013 94,491 199,948 Other operating expenses 3,847 — 19,309 9,346 32,502 1,256,118 619,564 787,499 1,390,137 4,053,318 Income (loss) from operations $ (638,876 ) $ 19,010 $ 4,338,740 $ (1,341,676 ) $ 2,377,198 Total segment assets $ 3,793,041 $ 214,252 $ 7,987,408 $ 3,075,902 $ 15,070,603	Note 18 — Segment Reporting ASC 280, Disclosures about Segments of an Enterprise and Related Information establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise which engage in business activities from which they may earn revenues and incur expenses, and about which separate financial information is available that is evaluated regularly by the chief operating decision -maker -making The Group has three primary operating segments (1) futures and securities brokerage services, (2) insurance brokerage services and (3) market making (CFD) trading and other business. The Group’s futures and securities brokerage segment generates commissions income by enabling customers to trade in futures and securities markets throughout the world. The Group’s insurance brokerage segment generates commissions by providing insurance brokerage services to high -net-worth Futures Insurance brokerage services Market making Other Total Year ended December 31, 2020 Revenue $ 2,029,669 $ 959,299 $ 7,034,447 $ 206,720 $ 10,230,135 Commissions and fees 1,316,800 413,351 115,843 — 1,845,994 Compensation and benefits 1,110,192 256,529 — 2,436,072 3,802,793 Occupancy — 277,414 6,600 399,146 683,160 Communication and technology 455,323 5,160 643,630 349,937 1,454,050 General and administrative 55,028 48,210 243,172 1,917,908 2,264,318 Professional fees 26,690 16,813 278,719 1,243,612 1,565,834 Service fees — — 314,342 519,522 833,864 Interest — — 52,240 130,917 183,157 Depreciation 13,000 4,128 — 23,428 40,556 Marketing 222 222 166,013 484,867 651,324 Payment service charge — — 245,030 — 245,030 Other operating expenses — — — 11,464 11,464 2,977,255 1,021,827 2,065,589 7,516,873 13,581,544 Income (loss) from operations $ (947,586 ) $ (62,528 ) $ 4,968,858 $ (7,310,153 ) $ (3,351,409 ) Total segment assets $ 4,624,325 $ 213,495 $ 14,636,139 $ 3,432,110 $ 22,906,069 Futures Insurance brokerage services Market making Other Total Year ended December 31, 2019 Revenue $ 2,215,867 $ 2,648,141 $ 12,843,574 $ 819,268 $ 18,526,850 Commissions and fees 1,526,852 1,506,223 322,130 — 3,355,205 Compensation and benefits 1,154,378 334,964 — 941,294 2,430,636 Occupancy 202,467 198,637 1,200 189,632 591,936 Depreciation 26,845 4,087 — 21,920 52,852 Interest — — — 731,812 731,812 Communication and technology 469,818 7,269 343,556 2,790 823,433 General and administrative 72,403 69,765 140,598 409,882 692,648 Professional fees 7,369 702 118,929 634,238 761,238 Marketing 2,608 — 51,714 1,056 55,378 Service fees — — 119,711 265,129 384,840 Payment service charge — — 355,585 — 355,585 Other operating expenses 5,739 — — 4,724 10,463 3,468,479 2,121,647 1,453,423 3,202,477 10,246,026 Income (loss) from operations $ (1,252,612 ) $ 526,494 $ 11,390,151 $ (2,383,209 ) $ 8,280,824 Total segment assets $ 4,823,056 $ 352,377 $ 5,307,525 $ 2,935,390 $ 13,418,348 Futures Insurance brokerage services Market making Other Total Year ended December 31, 2018 Revenue $ 2,066,354 $ 5,378,679 $ — $ (876,770 ) $ 6,568,263 Commissions and fees 1,293,577 4,157,668 — 20,357 5,471,602 Compensation and benefits 882,887 363,523 — 392,878 1,639,288 Occupancy 420,732 1,021 — 126,578 548,331 Depreciation 26,487 4,086 — 2,170 32,743 Interest — — — 118 118 Communication and technology 505,152 4,596 — 78,605 588,353 General and administrative 85,208 93,880 — 360,685 539,773 Professional fees 21,081 28,710 — 178,207 227,998 Marketing 8,736 185,019 — 2,178 195,933 Service fees — — — 53,592 53,592 Other operating expenses 3,063 1,359 — 10,984 15,406 3,246,923 4,839,862 — 1,226,352 9,313,137 Income (loss) from operations $ (1,180,569 ) $ 538,817 $ — $ (2,103,122 ) $ (2,744,874 ) Total segment assets $ 12,243,072 $ 370,114 $ — $ 3,059,575 $ 15,672,761

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 22 — Subsequent Events Management has considered subsequent events through September 30, 2021, which was the date these consolidated financial statements were issued. Asset Acquisition Agreement On September 7, 2021, the Group entered into an asset acquisition agreement with Hangzhou Lanlian, to acquire various software systems. The acquisition is expected to close by December 31, 2021 upon which Lanlian shall convey and deliver to the Group the software systems. The aggregate purchase price for the software systems is expected to be $8,000,000.	Note 19 — Subsequent Events Management has considered subsequent events through March Strategic Cooperation Agreement On January (i) if the closing price of the shares in the Company exceeds US$3 per share for 3 consecutive trading days, Mr. (ii) if the closing price of the shares in the Company exceeds US$5 per share for 3 consecutive trading days, Mr. (iii) if the closing price of the shares in the Company exceeds US$7.50 per share for 3 consecutive trading days, Mr. The fair value of the Call Options is recognized as stock -based -year February 2021 Private Placement On February -year -year Shares Issuance (a) Exercise of Warrants in Connection with August 2020 Private Placement 770,833 Class A ordinary shares, as represented by ADSs were issued in February 2021 for the aggregate proceeds of approximately $1.5 (b) Conversion of the Debenture and Exercise of December 2020 Warrants On January In addition, the Company received the proceeds of $27.4 (c) Share Subscription Agreement with Yun Tian Subsequently, the Company received subscription price in an aggregate of $0.5 (d) 2020 Share Incentive Plan A total of 1,486,504 Class A ordinary shares, represented by ADSs were issued in March 2021. Sponsorship of SPAC Companies In March 2021, the Group launched the sponsorship of two SPAC companies in cooperation with other parties. Subscription of Shares in Grandshores In February 2021, the Company entered into a framework strategic partnership agreement with Grandshores Technology Group Limited (“Grandshores”) (HKEX: 01647). In March 2021, Lion Brokers Limited subscribed 64,500,000

SPAC Warrants

SPAC Warrants	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
SPAC Warrants [Abstract]
SPAC Warrants	Note 21 — SPAC Warrants PAAC’s warrants (collectively, the “SPAC Warrants”), which include (i) 11,500,000 warrants, those warrants included in the Units as part of IPO on June 3, 2019 (the “Public Warrants”), (ii) 5,375,000 warrants purchased by the founders of PAAC in a private placement simultaneously closed with PAAC’s IPO (the “Private Warrants”) and (iii) 920,000 warrants issued to the underwriters of PAAC’s IPO (the “Underwriters’ Warrants”). Public Warrants and Private Warrants Upon the Closing, each outstanding Public Warrant and Private Warrant of PAAC automatically represents the right to purchase one Class A Ordinary Share in the form of the Company’s ADSs in lieu of one ordinary share of PAAC at a price of $11.50 per share or $11.50 per ADS, subject to adjustment in the event of a share dividend, extraordinary dividend or our recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of Class A Ordinary Shares at a price below their respective exercise prices. However, no warrants issued in exchange for PAAC’s public warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the Class A Ordinary Shares issuable upon exercise of the warrants and a current prospectus relating to such Class A Ordinary Shares. Notwithstanding the foregoing, warrant holders may, during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis in the same manner as if the Company called the warrants for Redemption and required all holders to exercise their warrants on a “cashless basis.” The Company’s Public Warrants and Private Warrants became exercisable thirty (30) days after the Closing and will expire on the fifth anniversary of the Closing or earlier upon redemption or liquidation. The Company’s warrants issued in exchange for PAAC’s private warrants are identical to warrants issued in exchange for the PAAC’s public warrants, except that such private warrants will be exercisable for cash (even if a registration statement covering the Class A Ordinary Shares issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by the Company, in each case so long as they are still held by PAAC’s initial purchasers or their affiliates. The Company may call the warrants for Redemption (excluding the private warrants), in whole and not in part, at a price of $0.01 per warrant, • • • -day • -day If the Company calls the warrants for Redemption as described above, management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” Subsequent to the Closing, 11,500,000 Public Warrants and 5,375,000 Private Warrants remained outstanding as of December 31, 2020. The Company evaluated the Public and Private Warrants under ASC 815 -40 -for-fixed Accordingly, due to this restatement, the Public and Private Warrants are now classified as a liability at fair value on the Company’s consolidated balance sheet at December 31, 2020, and the change in the fair value of such liability in each period is recognized as a gain or loss in the Company’s consolidated statements of operations and comprehensive income (loss). Because the Public Warrants were publicly traded and thus had an observable market price, fair value adjustments were determined by utilizing the market prices whereas the Private Warrants were valued using a Black -Sholes-Merton Underwriters’ Warrants The Underwriters’ Warrants may be exercised for cash or on a cashless basis at $12.00 per share, at the holder’s option, at any time during the period commencing on the later of the first anniversary of the effective date of the registration statement of which this prospectus forms a part and the closing of our initial business combination and terminating on the fifth anniversary of such effectiveness date. Such warrants may not be sold, transferred, assigned, pledged or hypothecated for a period of 360 days immediately following the effective date of the PAAC’s registration statement. After 360 days after the effective date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. The Company will have no obligation to net cash settle the exercise of the warrants. The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or our recapitalization, reorganization, merger or consolidation. Subsequent to the Closing, 920,000 Underwriters’ Warrants remained outstanding as of December 31, 2020. The Company evaluated the Underwriters’ Warrants under ASC 815 -40 -in	Note 20 — SPAC Warrants PAAC’s warrants (collectively, the “SPAC Warrants”), which include (i) 11,500,000 warrants, those warrants included in the Units as part of IPO on June 3, 2019 (the “Public Warrants”), (ii) 5,375,000 warrants purchased by the founders of PAAC in a private placement simultaneously closed with PAAC’s IPO (the “Private Warrants”) and (iii) 920,000 warrants issued to the underwriters of PAAC’s IPO (the “Underwriters’ Warrants”). Public Warrants and Private Warrants Upon the Closing, each outstanding Public Warrant and Private Warrant of PAAC automatically represents the right to purchase one Class A Ordinary Share in the form of the Company’s ADSs in lieu of one ordinary share of PAAC at a price of $11.50 per share or $11.50 per ADS, subject to adjustment in the event of a share dividend, extraordinary dividend or our recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of Class A Ordinary Shares at a price below their respective exercise prices. However, no warrants issued in exchange for PAAC’s public warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the Class A Ordinary Shares issuable upon exercise of the warrants and a current prospectus relating to such Class A Ordinary Shares. Notwithstanding the foregoing, warrant holders may, during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis in the same manner as if the Company called the warrants for Redemption and required all holders to exercise their warrants on a “cashless basis.” The Company’s Public Warrants and Private Warrants became exercisable thirty (30) days after the Closing and will expire on the fifth anniversary of the Closing or earlier upon redemption or liquidation. The Company’s warrants issued in exchange for PAAC’s private warrants are identical to warrants issued in exchange for the PAAC’s public warrants, except that such private warrants will be exercisable for cash (even if a registration statement covering the Class A Ordinary Shares issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by the Company, in each case so long as they are still held by PAAC’s initial purchasers or their affiliates. The Company may call the warrants for Redemption (excluding the private warrants), in whole and not in part, at a price of $0.01 per warrant, • • • -day • -day If the Company calls the warrants for Redemption as described above, management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” Subsequent to the Closing, 11,500,000 Public Warrants and 5,375,000 Private Warrants remained outstanding as of December 31, 2020. The Company evaluated the Public and Private Warrants under ASC 815 -40 -Contracts -for-fixed Accordingly, due to this restatement, the Public and Private Warrants are now classified as a liability at fair value on the Company’s consolidated balance sheet at December 31, 2020, and the change in the fair value of such liability in each period is recognized as a gain or loss in the Company’s consolidated statements of operations and comprehensive income (loss). Because the Public Warrants were publicly traded and thus had an observable market price, fair value adjustments were determined by utilizing the market prices whereas the Private Warrants were valued using a Black -Sholes-Merton Underwriters’ Warrants The Underwriters’ Warrants may be exercised for cash or on a cashless basis at $12.00 per share, at the holder’s option, at any time during the period commencing on the later of the first anniversary of the effective date of the registration statement of which this prospectus forms a part and the closing of our initial business combination and terminating on the fifth anniversary of such effectiveness date. Such warrants may not be sold, transferred, assigned, pledged or hypothecated for a period of 360 days immediately following the effective date of the PAAC’s registration statement. After 360 days after the effective date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. The Company will have no obligation to net cash settle the exercise of the warrants. The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or our recapitalization, reorganization, merger or consolidation. Subsequent to the Closing, 920,000 Underwriters’ Warrants remained outstanding as of December 31, 2020. The Company evaluated the Underwriters’ Warrants under ASC 815 -40 -Contracts -in

Restatement of Previously Issue

Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2020
Restatement Of Previously Issued Audited And Unaudited Consolidated Financial Statements [Abstract]
Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements	Note 21 — Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the Securities and Exchange Commission together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Statement”). Specifically, the SEC Statement focused in part on provisions in warrant agreements that provide for potential changes to the settlement amounts dependent upon the characteristics of the warrant holder and because the holder of a warrant is not an input into the pricing of a fixed -for-fixed Accordingly, due to this restatement, the Public Warrants and Private Warrants are now classified as a liability at fair value on the Company’s consolidated balance sheet at December 31, 2020, and the change in the fair value of such liability in each period is recognized as a gain or loss in the Company’s consolidated statements of operations and comprehensive income (loss). The Public Warrants and Private Warrants are deemed equity instruments for income tax purposes, and accordingly, there is no tax accounting relating to changes in the fair value of the Warrants recognized. When presenting diluted earnings (loss) per share in the Company’s Form 20 -F The impact of this correction to the applicable reporting periods for the financial statement line items impacted is as follows: For the Year Ended As Restatement As Consolidated Statements of Operations and Comprehensive Income (Loss): Change in fair value of warrant liabilities $ — $ 777,266 $ 777,266 (Loss) income before income taxes $ (3,351,409 ) $ 777,266 $ (2,574,143 ) Net (loss) income $ (3,352,725 ) $ 777,266 $ (2,575,459 ) Comprehensive income (loss) $ (3,332,238 ) $ 777,266 $ (2,554,972 ) (Loss) earnings per share for both Class A and Class B – basic and diluted: Basic and diluted $ (0.33 ) $ 0.08 $ (0.25 ) As of December 31, 2020 As Restatement As Consolidated Balance Sheets: Warrant liabilities $ — $ 1,469,821 $ 1,469,821 Total current liabilities $ 11,318,364 $ 1,469,821 $ 12,788,185 Total liabilities $ 12,134,370 $ 1,469,821 $ 13,604,191 Additional paid-in-capital $ 14,516,848 $ (2,247,087 ) $ 12,269,761 Accumulated deficit $ (3,729,628 ) $ 777,266 $ (2,952,362 ) Total stockholders’ equity $ 10,771,699 $ (1,469,821 ) $ 9,301,878 For the Year Ended As Restatement As Consolidated Statements of Cash Flow Cash Flows from Operating Activities Net (loss) income $ (3,352,725 ) $ 777,266 $ (2,575,459 ) Change in fair value of warrant liabilities $ — $ (777,266 ) $ (777,266 ) These errors had a non -cash Restatement of Previously Issued Unaudited Condensed Consolidated Financial Statements In lieu of filing amended 6 -K -K -K For the Six Months Ended As Restatement As Consolidated Statements of Operations and Comprehensive Income: Change in fair value of warrant liabilities $ — $ 414,440 $ 414,440 Income before income taxes $ 2,377,198 $ 414,440 $ 2,791,638 Net income $ 2,373,877 $ 414,440 $ 2,788,317 Comprehensive income $ 2,394,437 $ 414,440 $ 2,808,877 Earnings per share for both Class A and Class B – basic and diluted : Basic and diluted $ 0.32 $ 0.05 $ 0.37 As of June 30, 2020 As Restatement As Consolidated Balance Sheets: Warrant liabilities $ — $ 1,832,647 $ 1,832,647 Total current liabilities $ 5,439,512 $ 1,832,647 $ 7,272,159 Total liabilities $ 5,439,512 $ 1,832,647 $ 7,272,159 Additional paid-in-capital $ 7,649,772 $ (2,247,087 ) $ 5,402,685 Accumulated deficit $ 1,996,974 $ 414,440 $ 2,411,414 Total equity $ 9,631,091 $ (1,832,647 ) $ 7,798,444 For the Six Months Ended As Restatement As Consolidated Statements of Cash Flow Cash Flows from Operating Activities Net income $ 2,373,877 $ 414,440 $ 2,788,317 Change in fair value of warrant liabilities $ — $ (414,440 ) $ (414,440 )

Long-term Investment

Long-term Investment	6 Months Ended
	Jun. 30, 2021
Long-term Investment [Abstract]
Long-term Investment	Note 8 — Long-term Investment In May 2021, the Group formed Lion Group (Hangzhou) Investment Limited and invested RMB 10,000,000 ($1,580,000) to purchase 20% of the equity interest in Hangzhou Qianlan Enterprise Management Partnership (Limited Partnership) (“Qianlan”). Qianlan, a limited partner of Hangzhou Tunlan Hongyi Investment Partnership (Limited Partnership) (“Tunlan Hongyi”), holds 62% of equity interest in Tunlan Hongyi (a private equity fund with total investment of RMB 64,500,000 which invested in Shenzhen Yuhe Chuangzhi Technology Limited Company). The Group classified the investments to long term investment and elects to record at cost, less impairment, adjusted for subsequent price changes. As of June 30, 2021, no unrealized gain or loss is recognized.

Fixed Assets, Net

Fixed Assets, Net	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Fixed Assets, Net	Note 9 — Fixed Assets, Net Fixed assets consisted of the following as of June 30, 2021 and December 31, 2020: June 30, December 31, (unaudited) Cryptocurrency mining machines $ 2,594,524 $ — Software (see Note 7) 8,000,000 — Leasehold improvement 38,399 38,463 Office and computer equipment 150,405 148,048 Total cost of fixed assets 10,783,327 186,511 Less: accumulated depreciation (519,128 ) (151,592 ) Fixed assets, net $ 10,264,199 $ 34,919 On April 19, 2021, Lion Wealth Limited (the “Transferee”), a wholly -owned (approximately $2.6 million), including the transportation and installation costs. The annual maintenance costs payable to the Minebaba are expected to be $0.2 million. In accordance with the Antminer Transfer and Maintenance Agreement, Minebaba shall operate and maintain the mining machines for three years. The Group may terminate Minebaba’s operation and maintenance with a written notice of 30 days prior to the termination without penalty. Depreciation expense for the six months ended June 30, 2021 and 2020 was $367,851, and $21,992, respectively and are included in operating expenses in the accompanying statement of operations. There were no impairment charges related to fixed assets for the period ended June 30, 2021 and December 31, 2020.

February 2021 Convertible Prefe

February 2021 Convertible Preferred Shares and Warrants	6 Months Ended
	Jun. 30, 2021
February 2021 Convertible Preferred Shares And Warrants [Abstract]
February 2021 Convertible Preferred Shares and Warrants	Note 14 — February 2021 Convertible Preferred Shares and Warrants On February 15, 2021, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement) with one third party investor (the “Purchaser”), pursuant to which the Company received $6,440,000 in consideration of the issuance of: a) Series A Convertible Preferred Shares (the “Series A Convertible Preferred Shares”) with a stated value of $7,000,000; b) a warrant (the “Series D Warrant”) to purchase 2,333,333 American Depositary Shares (“ADS”) of the Company until the fifth year anniversary of the closing date at an exercise price of $3.00 per ADS; c) a one -year -year The number of Series A Convertible Preferred Shares is 7,000 and each share has a par value of $0.0001 and a stated value of $1,000. The Series A Convertible Preferred Shares have no voting rights, bear dividend rights at a rate of 8% per annum commencing on the six month anniversary of the closing date, and are convertible into the ADSs, beginning after its original date of issuance at an initial conversion price of $3.00 per share. Dividend is payable quarterly in cash, or the Company may pay accrued interest in its ADSs. At election of the Company, the Series A Convertible Preferred Shares may be redeemed, subject to certain equity conditions. The Series A Convertible Preferred Shares include an adjustment provision in the event of share combination event (as defined in the agreements), also include a full ratchet anti -dilution Series A Convertible Preferred Shares are classified as equity and carried at the amount recorded at inception, without amortization. The discount to the redemption amount shall be recognized as a dividend upon redemption. The Company adopted ASU 2017 -11 -10-15 -Scholes Series D Series E Series F Expected term in years 5 1 5 Expected dividend yield 0 % 0 % 0 % Volatility 43.05 % 50.45 % 43.05 % Risk-free interest Rate 0.63 % 0.208 % 0.63 % In accordance with ASC 470 -20 The issuance costs are allocated in the same proportion as the proceeds are allocated to the preferred stock and warrants. Issuance costs allocated to the equity -classified The Series A Convertible Preferred Shares are recognized initially at fair value, net of debt discounts including the amount paid to the holder of $620,000 and allocation of proceeds to the detachable Series D and Series E Warrants of $2,149,000, in an aggregate of approximately $4,231,000 on the date of issuance. As the vesting of Series F Warrants is contingent upon the exercise of Series E, preferred stock discounts related to allocation of proceeds to Series F Warrants will be deferred and recognized until Series F Warrants are vested on a proportional basis.

Commitments_2

Commitments	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 18 — Commitments The Group leases certain office premises under non -cancelable Future minimum payments under non -cancelable Year Ended 2021 $ 272,089 2022 208,970 2023 3,912 $ 484,971

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements reflect all adjustments that, in the opinion of management, are necessary to fairly present the financial statements for the interim periods. The condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and have been prepared in accordance with the regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Results for the interim periods are not necessarily indicative of results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with LFGL’s audited consolidated financial statements and related notes as of and for the year ended December 31, 2020.	Basis of Presentation These consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and have been prepared in accordance with the regulations of the Securities and Exchange Commission (“SEC”).
Restatement of Previously Issued Financial Statements		Restatement of Previously Issued Financial Statements The Company has restated its consolidated financial statements as of and for the year ended December -period
Emerging Growth Company Status	Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging	Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All intra -group	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All intra -group
Translation of Foreign Currencies	Translation of Foreign Currencies The functional currency is the U.S. dollar for the Group’s Cayman Island operations and the Hong Kong dollar for all other Group operations. The Group’s reporting currency is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at year -end	Translation of Foreign Currencies The functional currency is the U.S. dollar for the Group’s Cayman Island operations and the Hong Kong dollar for all other Group operations. The Group’s reporting currency is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at year -end exchange for the year and equity is translated at historical exchange rates. Any translation gains or losses are recorded in other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in net income.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements as well as the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements as well as the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents		Cash and Cash Equivalents Cash and cash equivalents consist of deposits with banks and all highly liquid investments, with maturities of three months or less, that are not segregated and deposited for regulatory purposes. The Group maintains its cash in bank deposit accounts which at times may exceed insured limits. The Group has not experienced any losses in such accounts. Management believes that the Group is not exposed to any significant credit risk on cash and cash equivalents.
Restricted Cash - Cash Balances Held on Behalf of Customers		Restricted Cash — Cash Balances Held on Behalf of Customers The Group maintains segregated trust accounts with licensed banks or payment platform to hold customer funds in accordance with the relevant legislation. The Group has classified customer funds as bank balances held on behalf of customers with a corresponding payable to customers in the liabilities section of the consolidated balance sheets.
Securities Owned and Derivatives		Securities Owned and Derivatives Securities transactions are recorded on the trade date, as if they had settled. Securities, futures and derivative positions are recorded at fair value in accordance with FASB ASC 820, Fair Value Measurement. See Notes 5 and 10 for more information on derivatives.
Receivables	Receivables Receivables arise from the business of dealing in investment securities, futures and derivatives and include the amounts due on brokerage transactions on a trade -date -dealers Receivables from broker -dealers -shares	Receivables Receivables arise from the business of dealing in investment securities, futures and derivatives and include the amounts due on brokerage transactions on a trade -date -dealers Receivables from broker -dealers -shares -dealers Commissions receivable as presented in the consolidated balance sheets represent trading commissions due and amounts due from insurance providers once referrals have been made and the transactions have been executed under the terms of the relative insurance policy or subscription agreement. As of December
Fixed Assets and Depreciation		Fixed Assets and Depreciation Furniture, equipment and leasehold improvements are stated at cost less accumulated depreciation. Depreciation is provided on a straight -line
Intangible Assets		Intangible Assets Intangible assets are originally recognized at cost. The useful lives of intangible assets are assessed to be either finite or indefinite. The Group’s intangible assets consist of eligibility rights to trade on or through the Stock Exchange of Hong Kong Limited (the “SEHK ”) -generating
Payables	Payables Payables arise from the business of dealing in investment securities, futures and derivatives. The Group enters into loans from business partners at benchmark interest rate plus a fixed spread, and immediately lent to TRS trading service customers. Net loans borrowed from TRS business partners are included in the line item “payables to broker -dealers -dealers Payables to customers as presented in the consolidated balance sheets represent such payables related to the Group’s customer trading activities as well as the cash balances held on behalf of customers. Commissions payable mainly represent amounts owed to referral sources outside of the Group for transactions referred based on the terms of the underlying agreements. As of June 30, 2021 and December 31, 2020, commissions payable were both related to the insurance brokerage business.	Payables Payables arise from the business of dealing in investment securities, futures and derivatives. The Group borrows loans from business partners at benchmark interest rate plus a fixed spread, and immediately lent to TRS trading service customers. Net loans borrowed from TRS business partners are included in the line item “payables to broker -dealers -dealers Payables to customers as presented in the consolidated balance sheets represent such payables related to the Group’s customer trading activities as well as the cash balances held on behalf of customers. Commissions payable mainly represent amounts owed to referral sources outside of the Group for transactions referred based on the terms of the underlying agreements. As of December
Revenue Recognition	Revenue Recognition See Note 3 for details.	Revenue recognition See Note 3 for details.
Commissions and Fees	Commissions and Fees Commissions and fees related to securities, derivative and TRS trading transactions are recorded on a trade date basis. Commissions expense on insurance products are recognized on the closing date of a transaction as determined by the terms of the relevant contract and insurance policy.	Commissions and Fees Commissions and fees related to securities, derivative and TRS trading transactions are recorded on a trade date basis. Commissions expense on insurance products are recognized on the closing date of a transaction as determined by the terms of the relevant contract and insurance policy.
Derivative Financial Instruments	Derivative Financial Instruments The Company evaluates all of its equity -linked -10 -40 -valued	Derivative Financial Instruments The Company evaluates all of its equity -linked -10 -40 -valued
Earnings (Loss) per Ordinary Share	Earnings (Loss) per Ordinary Share The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share”, which requires earnings per share for each class of stock (ordinary shares and participating securities) to be calculated using the two -class -class -class Basic earnings (loss) per ordinary share is computed by dividing net income or loss by the weighted average number of ordinary shares issued and outstanding for the periods. For the six months ended June 30, 2021, the December 2020 Convertible Debenture (as discussed in Note 13) which is convertible into the Company’s Class A ordinary shares, as represented by ADSs and December 2020 Series A Warrant (as discussed in Note 13) which is exercisable into the Company’s Class A ordinary shares, as represented by ADSs, have the same dividend rights as the ordinary shares on an as -converted -exercised In accordance with ASC 260 -10-45 For purposes of determining diluted earnings (loss) per ordinary share, basic earnings (loss) per ordinary share is further adjusted to include the effect of potential dilutive ordinary shares outstanding during the period. Potential ordinary shares consist of the incremental ordinary shares upon exercise of warrants using the treasury stock method and upon conversion of convertible debt using the if -converted For the six months ended June 30, 2021 and 2020 (on a retroactively adjusted basis), the following potential dilutive securities denominated in ordinary shares equivalents were excluded for the period they were outstanding from the computation of diluted earnings (loss) per share because to do so would have been antidilutive. As a result, diluted earnings (loss) per ordinary share is the same as basic earnings (loss) per ordinary share for all periods presented. Six Months Ended 2021 2020 SPAC Warrants See Note 21 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 15 1,500,000 — Convertible Debenture See Note 13 800,000 — December 2020 Warrants See Note 13 13,700,000 — Series A Convertible Preferred Shares See Note 14 2,333,333 — February 2021 Warrants See Note 14 26,666,667 —	Earnings (Loss) per Ordinary Share The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share”, which requires earnings per share for each class of stock (ordinary shares and participating securities) to be calculated using the two -class -class -class Basic earnings (loss) per ordinary share is computed by dividing net income or loss by the weighted average number of ordinary shares issued and outstanding for the periods. For the year ended December -converted -exercised In accordance with ASC 260 -10-45 For purposes of determining diluted earnings (loss) per ordinary share, basic earnings (loss) per ordinary share is further adjusted to include the effect of potential dilutive ordinary shares outstanding during the period. Potential ordinary shares consist of the incremental ordinary shares upon exercise of warrants using the treasury stock method and upon conversion of convertible debt using the if -converted During the years ended December Year ended December 31, 2020 2019 2018 SPAC Warrants See Note 20 17,795,000 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 13 1,500,000 — — December 2020 Convertible Debenture See Note 12 800,000 — — December 2020 Series A Warrant See Note 12 1,200,000 — — December 2020 Series B Warrant See Note 12 5,000,000 — — December 2020 Series C Warrant See Note 12 7,500,000 — — Subsequently, an aggregate of approximately 17.6
Reclassification	Reclassification Certain prior periods amounts have been reclassified to be comparable to the current period presentation. The reclassification has no effect on previously reported net assets or net income (loss).	Reclassification Certain prior periods amounts have been reclassified to be comparable to the current period presentation. The reclassification has no effect on previously reported net assets or net income (loss).
Stock-based Compensation	Stock-based Compensation The Company applies ASC No. 718, “Compensation -Stock -based -07 After the closing of the Business Combination, the fair value of the Company’s ordinary shares underlying stock -based -based	Stock-based Compensation The Company applies ASC No. 718, “Compensation -Stock -based -07 After the closing of the Business Combination, the fair value of the Company’s ordinary shares underlying stock -based -based
Income Taxes	Income Taxes The amount of current taxes payable or refundable is recognized as of the date of the consolidated financial statements, utilizing currently enacted tax laws and rates of the relevant authorities. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and tax credits based on applicable tax rates. Deferred tax assets are reduced by a valuation allowance when management determines that it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax expenses or benefits are recognized in the consolidated financial statements for the changes in deferred tax liabilities or assets between years. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group presents any interest or penalties related to an underpayment of income taxes as part of its income tax expense.	Income Taxes The amount of current taxes payable or refundable is recognized as of the date of the consolidated financial statements, utilizing currently enacted tax laws and rates of the relevant authorities. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and tax credits based on applicable tax rates. Deferred tax assets are reduced by a valuation allowance when management determines that it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax expenses or benefits are recognized in the consolidated financial statements for the changes in deferred tax liabilities or assets between years. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group presents any interest or penalties related to an underpayment of income taxes as part of its income tax expense.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016 -02 -use -term -of-use -05 -02 -to-use In June 2016, FASB amended guidance related to impairment of financial instruments as part of ASU 2016 -13 -effect -retrospective -05 -11 -13 -10 -for-profit small public companies effective date on its credit losses (CECL) standards to fiscal years beginning after December 15, 2022 and interim periods therein. The Group has evaluated the effect of the adoption of this ASU and does not expect there will be significant impact on its consolidated financial statements from the adoption of the new guidance. In August 2020, the FASB issued ASU No. 2020 -06 -20 -40	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016 -02 -use -term -of-use -05 -02 -to-use In June 2016, FASB amended guidance related to impairment of financial instruments as part of ASU 2016 -13 off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual rights to receive cash. For public business entities, the amendments in this Update are effective for fiscal years beginning after December -effect -retrospective -05 -11 -13 -10 -for-profit In August 2020, the FASB issued ASU No. 2020 -06 -20 -40
Securities Owned and Derivatives	Securities Owned and Derivatives The Group’s proprietary trading securities transactions are recorded on the trade date, as if they had settled. Securities, futures and derivative positions are recorded at fair value in accordance with FASB ASC 820, Fair Value Measurement.
Crypto Currencies	Crypto Currencies Crypto currencies are included in current assets in the unaudited condensed consolidated balance sheets. Crypto currencies are recorded at cost less impairment. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite -lived The following table presents the activities of the crypto currencies for the six months ended June 30, 2021: Crypto currencies at December 31, 2020 $ — Additions of crypto currencies 201,152 Realized gain on sale of crypto currencies — Impairment of crypto currencies — Sale of crypto currencies — Crypto currencies at June 30, 2021 $ 201,152
Crypto-currency Machines	Crypto-currency Machines Management has assessed the basis of depreciation of the Group’s crypto -currency -year • • • The Group operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight -line To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period either as a result of changes in circumstances or through the availability of greater quantities of data then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.
Fixed Assets, Net	Fixed Assets, Net Fixed assets are stated at cost and depreciated using the straight -line
Long-term Investments	Long-term Investments The Group follows Accounting Standards Update (“ASU”) 2016 -01 -03 For equity investments that are accounted for using the measurement alternative, the Group initially records equity investments at cost but is required to adjust the carrying value of such equity investments through earnings when there is an observable transaction involving the same or a similar investment with the same issuer or upon an impairment.
Cost of Revenue	Cost of Revenue The Company’s cost of revenue consists primarily of direct costs of earning bitcoin related to mining operations, including electric power costs, other utilities, and depreciation expenses on the mining machines.
Non-controlling Interest	Non-controlling Interest Non -controlling -controlling -controlling -controlling
Concentrations of Credit Risk	Concentrations of Credit Risk The Group is engaged in various trading and brokerage activities in which counterparties primarily include broker -dealers

Organization and Principal Ac_2

Organization and Principal Activities (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of earnings (loss) per share before and after the retrospective adjustments		Years ended December 31, 2019 2018 Before adjustment After adjustment Before adjustment After adjustment Earnings (loss) per share – basic and dilutive $ 164.3 $ 1.16 $ (55.4 ) $ (0.39 )
Schedule of net assets acquired by the company upon business combination		Cash $ 2,476,198 Prepaid expenses and other current assets 209 Warrant liabilities (2,247,087 ) Accrued expenses (57,963 ) Net assets acquired by LGHL as of June 16, 2020 $ 171,357
Schedule of subsidiaries	Company Name Date of Place of Ownership Principal Activities Lion Financial Group Limited June 16, 2015 British Virgin Islands 100% Investment holding Lion Wealth Management Limited February 16, 2017 British Virgin Islands 100% Investment holding Lion International Securities Group Limited May 20, 2016 Hong Kong 100% Securities brokerage Lion Futures Limited May 20, 2016 Hong Kong 100% Futures brokerage Lion Investment (Hong Kong) Limited (F/K/A Lion Foreign Exchange Limited) May 20, 2016 Hong Kong 100% Dormant Lion Asset Management Limited (F/K/A Lion Capital Management Limited) May 20, 2016 Hong Kong 100% Asset management BC Wealth Management Limited October 14, 2014 Hong Kong 100% Insurance brokerage Lion Wealth Limited October 4, 2018 Hong Kong 100% Marketing and support service Lion Brokers Limited May 2, 2017 Cayman Islands 100% Broker dealer and market maker Lion Investment Fund SPC June 11, 2019 Cayman Islands 100% Dormant Lion International Financial July 26,2019 Singapore 100% Dormant Company Name Date of Place of Ownership Principal Activities Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.) June 16, 2020 Nevada, USA 100% Dormant Lion Fintech Group Limited April 13, 2021 British Virgin Islands 100% Investment holding Royal Lion Investment Limited April 13, 2021 Cayman Islands 70% Investment holding Royal Lion Middle East DMCC April 13, 2021 Dubai 70% Trading in crypto-commodities Lion NFT Limited (“Lion NFT”) May 7, 2021 British Virgin Islands 60% Investment and innovation in digital assets Flying Lion Limited (“Flying Lion”) June 17, 2021 Cayman Islands 70% Investment and innovation in digital assets Lion Group (Hangzhou) Investment Limited May 7, 2021 China 100% Technology development, consulting, conference and exhibition services Aquarius Sponsor Ltd. April 12, 2021 British Virgin Islands 51% Investment holding Aquarius II Sponsor Ltd. May 4, 2021 British Virgin Islands 51% Investment holding Aquarius I Acquisition Corp. April 15, 2021 Cayman Islands 51% Special purpose acquisition company Aquarius II Acquisition Corp. May 5, 2021 Cayman Islands 51% Special purpose acquisition company	Company name Date of Place of Ownership interest Principal activities Lion Financial Group Limited June 16, 2015 British Virgin Islands 100% Investment holding Lion Wealth Management Limited February 16, 2017 British Virgin Islands 100% Investment holding Lion International Securities Group Limited May 20, 2016 Hong Kong 100% Securities brokerage Lion Futures Limited May 20, 2016 Hong Kong 100% Futures brokerage Lion Foreign Exchange Limited May 20, 2016 Hong Kong 100% Dormant Lion Asset Management Limited (F/K/A Lion Capital Management Limited) May 20, 2016 Hong Kong 100% Asset management BC Wealth Management Limited October 14, 2014 Hong Kong 100% Insurance brokerage Lion Wealth Limited October 4, 2018 Hong Kong 100% Marketing and support service Lion Brokers Limited May 2, 2017 Cayman Islands 100% Broker dealer and market maker Lion Investment Fund SPC June 11, 2019 Cayman Islands 100% Dormant Lion International Financial (Singapore) Pte LTD July 26, 2019 Singapore 100% Dormant Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.) June 16, 2020 Nevada, USA 100% Dormant
Schedule of consummation of the reverse recapitalization	Cash $ 2,476,198 Prepaid expenses and other current assets 209 Warrant liabilities (2,247,087 ) Accrued expenses (57,963 ) Net assets acquired by LGHL as of June 16, 2020 $ 171,357

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share		Year ended December 31, 2020 2019 2018 SPAC Warrants See Note 20 17,795,000 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 13 1,500,000 — — December 2020 Convertible Debenture See Note 12 800,000 — — December 2020 Series A Warrant See Note 12 1,200,000 — — December 2020 Series B Warrant See Note 12 5,000,000 — — December 2020 Series C Warrant See Note 12 7,500,000 — —
Schedule of activities of the crypto currencies	Crypto currencies at December 31, 2020 $ — Additions of crypto currencies 201,152 Realized gain on sale of crypto currencies — Impairment of crypto currencies — Sale of crypto currencies — Crypto currencies at June 30, 2021 $ 201,152
Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share	Six Months Ended 2021 2020 SPAC Warrants See Note 21 17,795,000 17,795,000 August 2020 PIPE Warrants See Note 15 1,500,000 — Convertible Debenture See Note 13 800,000 — December 2020 Warrants See Note 13 13,700,000 — Series A Convertible Preferred Shares See Note 14 2,333,333 — February 2021 Warrants See Note 14 26,666,667 —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Revenue Recognition [Abstract]
Schedule of revenue from contracts with customers	For the Six Months Ended 2021 2020 Insurance brokerage commissions $ 295,343 $ 638,574 Securities brokerage commissions 1,178,062 565,517 Market making commissions and fees 1,069,656 2,717,614 Total revenue from contracts with customers $ 2,543,061 $ 3,921,705 Hong Kong $ 1,473,405 $ 1,204,091 Cayman Islands 1,069,656 2,717,614 $ 2,543,061 $ 3,921,705	Year ended December 31, 2020 2019 2018 Insurance brokerage commissions $ 959,299 $ 2,648,119 $ 5,375,531 Securities brokerage commissions 1,890,502 2,210,915 2,025,650 Market making commissions and fees 4,940,623 11,056,431 — Total revenue from contracts with customers $ 7,790,424 $ 15,915,465 $ 7,401,181 Hong Kong $ 2,777,831 $ 4,859,034 $ 7,401,181 Cayman Islands 5,012,593 11,056,431 — $ 7,790,424 $ 15,915,465 $ 7,401,181

Cash and Restricted Cash (Table

Cash and Restricted Cash (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Schedule of cash and restricted cash	June 30, 2021 2020 Cash $ 14,888,644 $ 8,111,409 Restricted Cash 808,923 1,470,486 Total cash and restricted cash presented in the consolidated statement of $ 15,697,567 $ 9,581,895	December 31, 2020 2019 2018 Cash $ 3,426,467 $ 6,388,978 $ 3,116,209 Restricted Cash 1,367,630 2,192,201 3,991,949 Total cash and restricted cash presented in the consolidated statement of cash flows $ 4,794,097 $ 8,581,179 $ 7,108,158

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date	Stock price $ 2.41 Exercise price $ 11.50 Expected term in years 3.96 Expected dividend yield 0 % Volatility 61.28 % Risk-free interest Rate 0.781 % Stock price $ 1.89 ~ 2.43 Exercise price $ 11.50 Expected term in years 4.46 ~ 5.00 Expected dividend yield 0% Volatility 54.44% ~ 54.92% Risk-free interest Rate 0.364% ~ 0.373%	Stock price $ 1.89 ~ 2.43 Exercise price $ 11.50 Expected term in years 4.46 ~ 5.00 Expected dividend yield 0% Volatility 54.44% ~ 54.92% Risk-free interest Rate 0.364% ~ 0.373%
Schedule of fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis	Quoted Prices Significant Significant Total Assets Listed equity securities (i) $ 30,325,800 $ — $ — $ 30,325,800 $ 30,325,800 $ — $ — $ 30,325,800 Liabilities Warrant liabilities $ (2,645,000 ) $ (1,236,250 ) $ — $ (3,881,250 ) Quoted Prices Significant Significant Total Assets Listed equity securities $ 17,622 $ — $ — $ 17,622 Liabilities Derivatives $ — $ (5,653 ) $ — $ (5,653 ) Warrant liabilities (as restated) (1,000,500 ) (469,321 ) — (1,469,821 ) $ (1,000,500 ) $ (474,974 ) $ — $ (1,475,474 )	Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Significant Unobservable Total Assets Listed equity securities $ 17,622 $ — $ — $ 17,622 Liabilities Derivatives $ — $ (5,653 ) $ — $ (5,653 ) Warrant liabilities (as restated) (1,000,500 ) (469,321 ) — (1,469,821 ) $ (1,000,500 ) $ (474,974 ) $ — $ (1,475,474 ) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs Total Assets Listed equity securities $ 180,201 $ — $ — $ 180,201 Derivatives — 194,110 — 194,110 $ 180,201 $ 194,110 $ — $ 374,311
Schedule of fair values of financial assets and liabilities, excluding financial instruments	Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 14,888,644 $ 14,888,644 $ — $ — $ 14,888,644 Bank balances held on behalf of customers 808,923 808,923 — — 808,923 Receivables from broker-dealers and clearing organizations 23,689,967 — 23,689,967 — 23,689,967 Short-term loans receivable 508,756 — 508,756 — 508,756 Other receivables 67,475 — 67,475 — 67,475 $ 39,963,765 $ 15,697,567 $ 24,266,198 $ — $ 39,963,765 Liabilities Payables to customers $ 14,362,840 $ — $ 14,362,840 $ — $ 14,362,840 Payable to broker-dealers 24,270,558 — 24,270,558 — 24,270,558 Accrued expenses and other payables 1,169,408 — 1,169,408 — 1,169,408 Short-term borrowings — — — — — Due to director 152,472 — 152,472 — 152,472 $ 39,955,278 $ — $ 39,955,278 $ — $ 39,955,278 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 3,426,467 $ 3,426,467 $ — $ — $ 3,426,467 Bank balances held on behalf of customers 1,367,630 1,367,630 — — 1,367,630 Receivables from broker-dealers and clearing organizations 8,089,193 — 8,089,193 — 8,089,193 Short-term loans receivable 2,239,378 — 2,239,378 — 2,239,378 Commissions receivable 71,253 — 71,253 — 71,253 Other receivables 724,708 — 724,708 — 724,708 $ 15,918,629 $ 4,794,097 $ 11,124,532 $ — $ 15,918,629 Total Quoted Prices Significant Significant Estimated Liabilities Payables to customers $ 5,221,270 $ — $ 5,221,270 $ — $ 5,221,270 Payable to broker-dealers 3,845,740 — 3,845,740 — 3,845,740 Commissions payable 39,180 — 39,180 — 39,180 Accrued expenses and other payables 1,763,094 — 1,763,094 — 1,763,094 Short-term borrowings 293,905 — 293,905 — 293,905 Due to director 149,522 — 149,522 — 149,522 $ 11,312,711 $ — $ 11,312,711 $ — $ 11,312,711	Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 3,426,467 $ 3,426,467 $ — $ — $ 3,426,467 Bank balances held on behalf of customers 1,367,630 1,367,630 — — 1,367,630 Receivables from 8,089,193 — 8,089,193 — 8,089,193 Short-term loans receivable 2,239,378 — 2,239,378 — 2,239,378 Commissions receivable 71,253 — 71,253 — 71,253 Other receivables 724,708 — 724,708 — 724,708 $ 15,918,629 $ 4,794,097 $ 10,399,824 $ — $ 15,918,629 Liabilities Payables to customers $ 5,221,270 $ — $ 5,221,270 $ — $ 5,221,270 Payable to broker-dealers 3,845,740 — 3,845,740 — 3,845,740 Commissions payable 39,180 — 39,180 — 39,180 Accrued expenses and other payables 1,763,094 — 1,763,094 — 1,763,094 Short-term borrowings 293,905 — 293,905 — 293,905 Due to director 149,522 — 149,522 — 149,522 $ 11,312,711 $ — $ 11,312,711 $ — $ 11,312,711 Total Quoted Prices Significant Significant Estimated Assets Cash and cash equivalents $ 6,388,978 $ 6,388,978 $ — $ — $ 6,388,978 Bank balances held on behalf of customers 2,192,201 2,192,201 — — 2,192,201 Receivables from broker-dealers and clearing organizations 1,684,961 — 1,684,961 — 1,684,961 Short-term loans receivable 1,637,310 — 1,637,310 — 1,637,310 Commissions receivable 88,560 — 88,560 — 88,560 Other receivables 166,064 — 166,064 — 166,064 $ 12,158,074 $ 8,581,179 $ 3,576,895 $ — $ 12,158,074 Total Quoted Prices Significant Significant Estimated Liabilities Payables to customers $ 3,853,693 $ — $ 3,853,693 $ — $ 3,853,693 Commissions payable 29,439 — 29,439 — 29,439 Dividends payable 385,901 — 385,901 — 385,901 Accrued expenses and other payables 417,445 — 417,445 — 417,445 Short-term borrowings 1,412,570 — 1,412,570 — 1,412,570 Short-term borrowings from related party 128,415 — 128,415 — 128,415 $ 6,227,463 $ — $ 6,227,463 $ — $ 6,227,463

Accrued Expenses and Other Pa_2

Accrued Expenses and Other Payables (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses and Other Payables [Abstract]
Schedule of accrued expenses and other payables	June 30, December 31, (unaudited) Accrued professional fees $ 212,525 $ 1,376,450 Accrued vacation and benefits 342,187 174,771 Accrued communication and technology expenses 182,963 114,754 Accrued electricity expenses for crypto mining 131,410 — Payable to Grandshore on Sponsor entities 179,764 — Other payables 64,195 97,119 $ 1,113,045 $ 1,763,094	December 31, 2020 2019 Accrued professional fees $ 1,376,450 $ 188,749 Accrued vacation and benefits 174,771 127,999 Accrued communication and technology expenses 114,754 83,724 Other payables 97,119 16,973 $ 1,763,094 $ 417,445

December 2020 Convertible Deb_2

December 2020 Convertible Debenture and Warrants (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance	Series A Series B Series C Expected term in years 7 2 7 Expected dividend yield 0 % 0 % 0 % Volatility 46.68 % 49.61 % 46.68 % Risk-free interest Rate 0.63 % 0.197 % 0.63 %	Series A Series B Series C Expected term in years 7 2 7 Expected dividend yield 0 % 0 % 0 % Volatility 46.68 % 49.61 % 46.68 % Risk-free interest Rate 0.63 % 0.197 % 0.63 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of stock-based compensation expenses	Communication and technology $ 335,000 Marketing 363,000 Services fees 294,000 Compensation and benefits 934,800 Professional fees 228,000 General and administrative 1,502,000 Total stock-based compensation $ 3,656,800

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of current and deferred portions of the income tax expense	Six Months Ended 2021 2020 Current $ 53,239 $ 2,842 Deferred 1,128 479 $ 54,367 $ 3,321	Year ended December 31, 2020 2019 2018 Current $ 1,767 $ 66,299 $ 26,962 Deferred (451 ) (1,827 ) (628 ) $ 1,316 $ 64,472 $ 26,334
Schedule of reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the group’s income tax expense	Six Months Ended 2021 2020 Income tax expense (benefit) at applicable statutory rate (1) $ (1,688,110 ) $ 9,738 Nondeductible expenses (402,509 ) 5,090 (Income) loss not subject to tax (2) 1,151,121 (323,006 ) Current year change in valuation allowance 940,626 311,499 Prior year examination adjustment 53,239 — Reported income taxes $ 54,367 $ 3,321	Year ended December 31, 2020 2019 2018 Income tax expense (benefit) at applicable statutory rate (1) $ (348,782 ) $ 1,345,164 $ (473,951 ) (Income) loss not subject to tax (2) (214,313 ) (1,716,553 ) 313,015 Current year change in valuation allowance 558,859 406,506 195,420 Others 5,552 29,355 (8,150 ) Reported income taxes $ 1,316 $ 64,472 $ 26,334 (1) The applicable statutory rate applied is based on the profits tax rates in Hong Kong. Effective for tax years ended on or after December 31, 2018, the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate. The Singapore entity within the Group has an applicable tax rate of 17.0%. The entity in the United States within the Group has a federal tax rate of 21.0%. (2) The Group also has entities domiciled in the British Virgin Islands and the Cayman Islands, but such entities are not subject to income or capital gains taxes.
Schedule of significant components of the group’s deferred tax assets (liabilities)	June 30, Decemer 31, Deferred tax asset Others $ 1,477 $ 1,128 Fixed assets 118 — Net operating loss carryforwards 2,323,105 1,367,309 Less: Valuation allowance (2,324,700 ) (1,367,309 ) Net deferred tax asset $ — $ 1,128	December 31, 2020 December 31, 2019 Deferred tax asset Others $ 1,128 $ 677 Net operating loss carryforwards 1,367,309 808,450 Less: Valuation allowance (1,367,309 ) (808,450 ) Net deferred tax asset $ 1,128 $ 677

Commitments (Tables)

Commitments (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum payments under non-cancelable operating leases	Year Ended 2021 $ 272,089 2022 208,970 2023 3,912 $ 484,971	Year Ended December 31, 2021 $ 646,930 2022 209,556 2023 3,736 $ 860,222

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Regulatory Assets and Liabilities Disclosure [Abstract]
Schedule of the minimum regulatory capital required and the actual amounts of capital maintained	Entity Name Minimum Capital Excess Percent of Lion International Securities Group Limited $ 386,292 $ 1,171,495 $ 785,203 303 % Lion Futures Limited 386,292 1,039,855 653,563 269 % Lion Asset Management Limited 12,876 43,415 30,539 337 % BC Wealth Management Limited 12,876 177,081 164,205 1375 % Lion Broker Limited (Cayman) 9,704,983 12,495,487 2,790,504 129 % Total $ 10,503,319 $ 14,927,333 $ 4,424,014 142 %	Entity Name Minimum Regulatory Capital Requirements Capital Excess Percent of requirement Maintained Lion International Securities Group Limited $ 386,927 $ 1,043,803 $ 656,876 270 % Lion Futures Limited 386,927 948,872 561,945 245 % Lion Asset Management Limited 12,898 27,770 14,872 215 % BC Wealth Management Limited 12,898 468,279 455,381 3631 % Lion Broker Limited (Cayman) 537,164 8,426,049 7,888,885 1569 % Total $ 1,336,814 $ 10,914,773 $ 9,577,959 816 %

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of operating segments	Futures Insurance Market making Other Total Six months ended June 30, 2021 Revenue $ 1,212,222 $ 295,340 $ 2,949,525 $ (856,790 ) $ 3,600,297 Commissions and fees 814,295 84,902 290,046 — 1,189,243 Compensation and benefits 594,038 135,183 — 1,654,326 2,383,547 Occupancy — 119,301 4,200 224,159 347,660 Communication and technology 224,232 3,126 563,526 156,408 947,292 General and administrative 40,133 21,225 164,709 403,992 630,059 Crypto currencies — — — 219,662 219,662 Professional fees 773 — 190,128 799,110 990,011 Service fees — — 2,311,018 163,104 2,474,122 Interest — — 109,268 832,996 942,264 Depreciation 1,476 — 266,666 11,538 279,680 Marketing 1,010 — 55,000 497,748 553,758 Payment service charge — — 292,630 — 292,630 Other operating expenses 1,526 — — 17,948 19,474 1,677,483 363,737 4,247,191 4,980,991 11,269,402 Income (loss) from operations $ (465,261 ) $ (68,397 ) $ (1,297,666 ) $ (5,837,781 ) $ (7,669,105 ) Total segment assets $ 4,412,577 $ 182,524 $ 63,259,609 $ 18,662,967 $ 86,517,677 Futures Insurance Market making Other Total Six months ended June 30, 2020 Revenue $ 617,242 $ 638,574 5,126,239 $ 48,461 $ 6,430,516 Commissions 387,439 315,083 59,539 — 762,061 Compensation 607,139 135,312 — 743,709 1,486,160 Occupancy 3,119 142,052 3,600 174,453 323,224 Communication and technology 208,672 2,393 257,311 1,286 469,662 General and administrative 34,396 24,502 105,853 128,037 292,788 Professional fees 800 — 112,506 40,547 153,853 Service fees — — 119,379 112,406 231,785 Interest — — 4,989 74,354 79,343 Depreciation 10,484 — — 11,508 21,992 Marketing 222 222 105,013 94,491 199,948 Other operating expenses 3,847 — 19,309 9,346 32,502 1,256,118 619,564 787,499 1,390,137 4,053,318 Income (loss) from operations $ (638,876 ) $ 19,010 $ 4,338,740 $ (1,341,676 ) $ 2,377,198 Total segment assets $ 3,793,041 $ 214,252 $ 7,987,408 $ 3,075,902 $ 15,070,603	Futures Insurance brokerage services Market making Other Total Year ended December 31, 2020 Revenue $ 2,029,669 $ 959,299 $ 7,034,447 $ 206,720 $ 10,230,135 Commissions and fees 1,316,800 413,351 115,843 — 1,845,994 Compensation and benefits 1,110,192 256,529 — 2,436,072 3,802,793 Occupancy — 277,414 6,600 399,146 683,160 Communication and technology 455,323 5,160 643,630 349,937 1,454,050 General and administrative 55,028 48,210 243,172 1,917,908 2,264,318 Professional fees 26,690 16,813 278,719 1,243,612 1,565,834 Service fees — — 314,342 519,522 833,864 Interest — — 52,240 130,917 183,157 Depreciation 13,000 4,128 — 23,428 40,556 Marketing 222 222 166,013 484,867 651,324 Payment service charge — — 245,030 — 245,030 Other operating expenses — — — 11,464 11,464 2,977,255 1,021,827 2,065,589 7,516,873 13,581,544 Income (loss) from operations $ (947,586 ) $ (62,528 ) $ 4,968,858 $ (7,310,153 ) $ (3,351,409 ) Total segment assets $ 4,624,325 $ 213,495 $ 14,636,139 $ 3,432,110 $ 22,906,069 Futures Insurance brokerage services Market making Other Total Year ended December 31, 2019 Revenue $ 2,215,867 $ 2,648,141 $ 12,843,574 $ 819,268 $ 18,526,850 Commissions and fees 1,526,852 1,506,223 322,130 — 3,355,205 Compensation and benefits 1,154,378 334,964 — 941,294 2,430,636 Occupancy 202,467 198,637 1,200 189,632 591,936 Depreciation 26,845 4,087 — 21,920 52,852 Interest — — — 731,812 731,812 Communication and technology 469,818 7,269 343,556 2,790 823,433 General and administrative 72,403 69,765 140,598 409,882 692,648 Professional fees 7,369 702 118,929 634,238 761,238 Marketing 2,608 — 51,714 1,056 55,378 Service fees — — 119,711 265,129 384,840 Payment service charge — — 355,585 — 355,585 Other operating expenses 5,739 — — 4,724 10,463 3,468,479 2,121,647 1,453,423 3,202,477 10,246,026 Income (loss) from operations $ (1,252,612 ) $ 526,494 $ 11,390,151 $ (2,383,209 ) $ 8,280,824 Total segment assets $ 4,823,056 $ 352,377 $ 5,307,525 $ 2,935,390 $ 13,418,348 Futures Insurance brokerage services Market making Other Total Year ended December 31, 2018 Revenue $ 2,066,354 $ 5,378,679 $ — $ (876,770 ) $ 6,568,263 Commissions and fees 1,293,577 4,157,668 — 20,357 5,471,602 Compensation and benefits 882,887 363,523 — 392,878 1,639,288 Occupancy 420,732 1,021 — 126,578 548,331 Depreciation 26,487 4,086 — 2,170 32,743 Interest — — — 118 118 Communication and technology 505,152 4,596 — 78,605 588,353 General and administrative 85,208 93,880 — 360,685 539,773 Professional fees 21,081 28,710 — 178,207 227,998 Marketing 8,736 185,019 — 2,178 195,933 Service fees — — — 53,592 53,592 Other operating expenses 3,063 1,359 — 10,984 15,406 3,246,923 4,839,862 — 1,226,352 9,313,137 Income (loss) from operations $ (1,180,569 ) $ 538,817 $ — $ (2,103,122 ) $ (2,744,874 ) Total segment assets $ 12,243,072 $ 370,114 $ — $ 3,059,575 $ 15,672,761

Restatement of Previously Iss_2

Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Restatement Of Previously Issued Audited And Unaudited Consolidated Financial Statements [Abstract]
Schedule of consolidated statements of operations and comprehensive income (loss)	For the Year Ended As Restatement As Consolidated Statements of Operations and Comprehensive Income (Loss): Change in fair value of warrant liabilities $ — $ 777,266 $ 777,266 (Loss) income before income taxes $ (3,351,409 ) $ 777,266 $ (2,574,143 ) Net (loss) income $ (3,352,725 ) $ 777,266 $ (2,575,459 ) Comprehensive income (loss) $ (3,332,238 ) $ 777,266 $ (2,554,972 ) (Loss) earnings per share for both Class A and Class B – basic and diluted: Basic and diluted $ (0.33 ) $ 0.08 $ (0.25 ) For the Six Months Ended As Restatement As Consolidated Statements of Operations and Comprehensive Income: Change in fair value of warrant liabilities $ — $ 414,440 $ 414,440 Income before income taxes $ 2,377,198 $ 414,440 $ 2,791,638 Net income $ 2,373,877 $ 414,440 $ 2,788,317 Comprehensive income $ 2,394,437 $ 414,440 $ 2,808,877 Earnings per share for both Class A and Class B – basic and diluted : Basic and diluted $ 0.32 $ 0.05 $ 0.37
Schedule of consolidated balance sheets	As of December 31, 2020 As Restatement As Consolidated Balance Sheets: Warrant liabilities $ — $ 1,469,821 $ 1,469,821 Total current liabilities $ 11,318,364 $ 1,469,821 $ 12,788,185 Total liabilities $ 12,134,370 $ 1,469,821 $ 13,604,191 Additional paid-in-capital $ 14,516,848 $ (2,247,087 ) $ 12,269,761 Accumulated deficit $ (3,729,628 ) $ 777,266 $ (2,952,362 ) Total stockholders’ equity $ 10,771,699 $ (1,469,821 ) $ 9,301,878 As of June 30, 2020 As Restatement As Consolidated Balance Sheets: Warrant liabilities $ — $ 1,832,647 $ 1,832,647 Total current liabilities $ 5,439,512 $ 1,832,647 $ 7,272,159 Total liabilities $ 5,439,512 $ 1,832,647 $ 7,272,159 Additional paid-in-capital $ 7,649,772 $ (2,247,087 ) $ 5,402,685 Accumulated deficit $ 1,996,974 $ 414,440 $ 2,411,414 Total equity $ 9,631,091 $ (1,832,647 ) $ 7,798,444
Schedule of consolidated statements of cash flow	For the Year Ended As Restatement As Consolidated Statements of Cash Flow Cash Flows from Operating Activities Net (loss) income $ (3,352,725 ) $ 777,266 $ (2,575,459 ) Change in fair value of warrant liabilities $ — $ (777,266 ) $ (777,266 ) For the Six Months Ended As Restatement As Consolidated Statements of Cash Flow Cash Flows from Operating Activities Net income $ 2,373,877 $ 414,440 $ 2,788,317 Change in fair value of warrant liabilities $ — $ (414,440 ) $ (414,440 )

Fixed Assets, Net (Tables)

Fixed Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of fixed assets	June 30, December 31, (unaudited) Cryptocurrency mining machines $ 2,594,524 $ — Software (see Note 7) 8,000,000 — Leasehold improvement 38,399 38,463 Office and computer equipment 150,405 148,048 Total cost of fixed assets 10,783,327 186,511 Less: accumulated depreciation (519,128 ) (151,592 ) Fixed assets, net $ 10,264,199 $ 34,919

February 2021 Convertible Pre_2

February 2021 Convertible Preferred Shares and Warrants (Tables)	6 Months Ended
	Jun. 30, 2021
February 2021 Convertible Preferred Shares And Warrants [Abstract]
Schedule of assumptions used to measure the fair value of February 2021 Warrants on the date of issuance	Series D Series E Series F Expected term in years 5 1 5 Expected dividend yield 0 % 0 % 0 % Volatility 43.05 % 50.45 % 43.05 % Risk-free interest Rate 0.63 % 0.208 % 0.63 %

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of stock-based compensation expense over the requisite service period	Call Expected term in years 2 Expected dividend yield 0 % Volatility 51.69 % Risk-free interest Rate 0.21 %

Commitments (Tables)_2

Commitments (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum payments under non-cancelable operating leases	Year Ended 2021 $ 272,089 2022 208,970 2023 3,912 $ 484,971	Year Ended December 31, 2021 $ 646,930 2022 209,556 2023 3,736 $ 860,222

Organization and Principal Ac_3

Organization and Principal Activities (Details)	1 Months Ended			6 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)	Jun. 16, 2020shares	Jun. 16, 2020shares	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)shares	Dec. 31, 2019shares	Dec. 31, 2018shares
Organization and Principal Activities (Details) [Line Items]
Consideration value (in Dollars) | $				$ 131,300,000		$ 131,300,000
Ordinary shares issued (in Shares)						17,600,000
Description of ordinary shares		the Company acquired all of the issued and outstanding shares of LFGL, i.e. 50,000 ordinary shares of LFGL from each of LFGL shareholders, in exchange for 12,891,602 ordinary shares (including 3,140,388 Class A and 9,751,214 Class B, “Exchange Shares”) of the Company, valued at a price per share equal to the price at which each share of PAAC common stock was redeemed, i.e. $10.185 per share.
Exchange ratio						141.81
Exchange shares excluding escrow shares (in Shares)						7,090,381
Divided shares (in Shares)						50,000
Ordinary shares adjustment, description				The par value of ordinary shares was adjusted retrospectively from $0 to $709, and the difference of $709 was adjusted retrospectively as additional paid-in capital as of January 1, 2020.		The par value of ordinary shares was adjusted retrospectively from $0 to $709, and the difference of $709 was adjusted retrospectively as additional paid-in capital as of January 1, 2018.
Weighted average number of share basic and diluted, before retrospective adjustments (in Shares)							50,000
Weighted average number of share basic and diluted, after retrospective adjustments (in Shares)								7,090,381
Net assets acquired by the company upon closing (in Dollars) | $						$ 171,357
Transaction costs for legal (in Dollars) | $					$ 2,400,000	2,400,000
Transaction costs charged to additional paid in capital (in Dollars) | $						$ 2,400,000
Earnout escrow shares, description				1,933,740 Class B ordinary shares being 15% of the Exchange Shares (“Indemnity Escrow Shares”) otherwise issuable to LFGL shareholders are set aside in escrow for a period of 24 months after the closing to satisfy any post-closing purchase price adjustment and indemnification claims prescribed in the Business Combination Agreement. Additionally, 3,876,481 Class B ordinary shares being 30% of the Exchange Shares (the “Earnout Escrow Shares”, together with any dividends, distributions or other income on the Earnout Escrow Shares, the “Earnout Escrow Property”) otherwise issuable to LFGL shareholders are set aside in escrow until released upon the satisfaction of certain financial milestones below:•        In the event that the net income for the calendar year ended December 31, 2021 (the “2021 Net Income”), as set forth in LGHL’s audited financial statements, is equal to or greater than $19,000,000 (the “First Net Income Target”), then, the Class B Sellers’ rights to 50% of the Earnout Escrow Property (the “First Half Earnout Property”) shall vest and shall no longer be subject to forfeiture. If the 2021 Net Income is less than the First Net Income Target, but is equal to or greater than $9,500,000, then the Sellers’ rights to 50% of the First Half Earnout Property shall vest and shall no longer be subject to forfeiture. In all other cases, the First Half Earnout Property will be forfeited.•        In the event that the net income for the calendar year ended December 31, 2022 (the “2022 Net Income”), as set forth in LGHL’s audited financial statements, is equal to or greater than $21,850,000 (the “Second Net Income Target”), then the Class B Sellers’ rights to the remaining Earnout Escrow Property (after giving effect to any forfeitures for the 2021 calendar year, the “Second Half Earnout Property”) shall vest and shall no longer be subject to forfeiture. If the 2022 Net Income is less than the Second Net Income Target, but is equal to or greater than $10,925,000, then the Class B Sellers’ rights to 50% of the Second Half Earnout Property shall vest and shall no longer be subject to forfeiture. In all other cases, the Second Half Earnout Property will be forfeited.		Additionally, 3,876,481 Class B ordinary shares being 30% of the Exchange Shares (the “Earnout Escrow Shares”, together with any dividends, distributions or other income on the Earnout Escrow Shares, the “Earnout Escrow Property”) otherwise issuable to LFGL shareholders are set aside in escrow until released upon the satisfaction of certain financial milestones below:•        In the event that the net income for the calendar year ended December 31, 2021 (the “2021 Net Income”), as set forth in LGHL’s audited financial statements, is equal to or greater than $19,000,000 (the “First Net Income Target”), then, the Class B Sellers’ rights to 50% of the Earnout Escrow Property (the “First Half Earnout Property”) shall vest and shall no longer be subject to forfeiture. If the 2021 Net Income is less than the First Net Income Target, but is equal to or greater than $9,500,000, then the Sellers’ rights to 50% of the First Half Earnout Property shall vest and shall no longer be subject to forfeiture. In all other cases, the First Half Earnout Property will be forfeited.•        In the event that the net income for the calendar year ended December 31, 2022 (the “2022 Net Income”), as set forth in LGHL’s audited financial statements, is equal to or greater than $21,850,000 (the “Second Net Income Target”), then the Class B Sellers’ rights to the remaining Earnout Escrow Property (after giving effect to any forfeitures for the 2021 calendar year, the “Second Half Earnout Property”) shall vest and shall no longer be subject to forfeiture. If the 2022 Net Income is less than the Second Net Income Target, but is equal to or greater than $10,925,000, then the Class B Sellers’ rights to 50% of the Second Half Earnout Property shall vest and shall no longer be subject to forfeiture. In all other cases, the Second Half Earnout Property will be forfeited.
Total revenue, percentage				68.00%	38.90%	10.00%	35.00%	10.00%
Number of trading customer							2	1
Commissions expense, percentage				68.20%	55.30%	73.00%	43.00%	16.00%
Insurance brokerage sales, description				For the six months ended June 30, 2021 and 2020, the Group placed 82% (less than 10% of total revenue for the first six months of 2021) and 77.1% (less than 10% of total revenue for the first six months of 2020) of its insurance brokerage sales with one insurance provider.		For the years ended December 31, 2020, 2019 and 2018, the Group placed 77% (7% of total revenue in 2020), 72% (10% of total revenue in 2019) and 79% (65% of total revenue in 2018), respectively, of its insurance brokerage sales with one insurance provider.
Business combination agreement, description			one-tenth of one Class A ordinary share of the Company, resulting in 4,507,574 Class A ordinary shares being issued to PAAC and 17,795,000 warrants being issued to PAAC stockholders; and where the Company acquired all of the issued and outstanding shares of LFGL, i.e. 50,000 ordinary shares of LFGL from each of LFGL shareholders, in exchange for 12,891,602 ordinary shares (including 3,140,388 Class A and 9,751,214 Class B, “Exchange Shares”) of the Company, valued at a price per share equal to the price at which each share of PAAC common stock was redeemed, i.e. $10.185 per share.
Reverse recapitalization, description				The equity is restated using the exchange ratio of 141.81 established in the reverse recapitalization transaction, which is 7,090,381 (the number of Exchange Shares excluding Escrow Shares, see below) divided by 50,000, to reflect the equity structure of the legal acquirer, LGHL.
Net assets (in Dollars) | $				$ 171,357		$ 171,357
Additional paid in capital (in Dollars) | $					$ 2,400,000
Offering size value (in Dollars) | $	$ 50,000,000
Warrant [Member]
Organization and Principal Activities (Details) [Line Items]
Warrants issued (in Shares)		17,795,000	17,795,000
Class A Ordinary Shares [Member]
Organization and Principal Activities (Details) [Line Items]
Ordinary shares issued (in Shares)		4,507,574	4,507,574
Class B Ordinary Shares [Member]
Organization and Principal Activities (Details) [Line Items]
Indemnity Escrow shares (in Shares)						1,933,740
Percentage of exchange shares in Indemnity Escrow						15.00%
Exchange shares in Earnout Escrow (in Shares)						3,876,481
Percentage of exchange shares in Earnout Escrow						30.00%

Organization and Principal Ac_4

Organization and Principal Activities (Details) - Schedule of earnings (loss) per share before and after the retrospective adjustments - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Before adjustment [Member]
Organization and Principal Activities (Details) - Schedule of earnings (loss) per share before and after the retrospective adjustments [Line Items]
Earnings (loss) per share - basic and dilutive	$ 164.3	$ (55.4)
After adjustment [Member]
Organization and Principal Activities (Details) - Schedule of earnings (loss) per share before and after the retrospective adjustments [Line Items]
Earnings (loss) per share - basic and dilutive	$ 1.16	$ (0.39)

Organization and Principal Ac_5

Organization and Principal Activities (Details) - Schedule of net assets acquired by the company upon business combination - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of net assets acquired by the company upon business combination [Abstract]
Cash	$ 2,476,198	$ 2,476,198
Prepaid expenses and other current assets	209	209
Warrant liabilities		(2,247,087)
Accrued expenses	(57,963)	(57,963)
Net assets acquired by LGHL as of June 16, 2020	$ 171,357	$ 171,357

Organization and Principal Ac_6

Organization and Principal Activities (Details) - Schedule of subsidiaries	12 Months Ended
	Dec. 31, 2020
June 16, 2015 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Financial Group Limited
Date of Incorporation or acquisition	Jun. 16, 2015
Place of incorporation or establishment	British Virgin Islands
Ownership interest	100.00%
Principal activities	Investment holding
February 16, 2017 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Wealth Management Limited
Date of Incorporation or acquisition	Feb. 16, 2017
Place of incorporation or establishment	British Virgin Islands
Ownership interest	100.00%
Principal activities	Investment holding
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion International Securities Group Limited
Date of Incorporation or acquisition	May 20, 2016
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Securities brokerage
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Futures Limited
Date of Incorporation or acquisition	May 20, 2016
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Futures brokerage
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Foreign Exchange Limited
Date of Incorporation or acquisition	May 20, 2016
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Dormant
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Asset Management Limited (F/K/A Lion Capital Management Limited)
Date of Incorporation or acquisition	May 20, 2016
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Asset management
October 14, 2014 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	BC Wealth Management Limited
Date of Incorporation or acquisition	Oct. 14, 2014
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Insurance brokerage
October 4, 2018 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Wealth Limited
Date of Incorporation or acquisition	Oct. 4, 2018
Place of incorporation or establishment	Hong Kong
Ownership interest	100.00%
Principal activities	Marketing and support service
May 2, 2017 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Brokers Limited
Date of Incorporation or acquisition	May 2, 2017
Place of incorporation or establishment	Cayman Islands
Ownership interest	100.00%
Principal activities	Broker dealer and market maker
June 11, 2019 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Investment Fund SPC
Date of Incorporation or acquisition	Jun. 11, 2019
Place of incorporation or establishment	Cayman Islands
Ownership interest	100.00%
Principal activities	Dormant
July 26,2019 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion International Financial (Singapore) Pte LTD
Date of Incorporation or acquisition	Jul. 26, 2019
Place of incorporation or establishment	Singapore
Ownership interest	100.00%
Principal activities	Dormant
June 16, 2020 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company name	Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.)
Date of Incorporation or acquisition	Jun. 16, 2020
Place of incorporation or establishment	Nevada, USA
Ownership interest	100.00%
Principal activities	Dormant

Significant Accounting Polici_3

Significant Accounting Policies (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Significant Accounting Policies (Details) [Line Items]
Shares issued		17,600,000
Effective Income Tax Rate Reconciliation, Percent	50.00%	50.00%
Estimated useful life	three
Lion NFT [Member]
Significant Accounting Policies (Details) [Line Items]
Equity interest	40.00%
Flying Lion [Member]
Significant Accounting Policies (Details) [Line Items]
Equity interest	30.00%
Royal Lion and Lion DMCC [Member]
Significant Accounting Policies (Details) [Line Items]
Equity interest	30.00%
Aquarius Sponsor Ltd [Member]
Significant Accounting Policies (Details) [Line Items]
Equity interest	49.00%
Minimum [Member]
Significant Accounting Policies (Details) [Line Items]
Straight-line basis of depreciation useful life		3 years
Estimated useful life	three
Maximum [Member]
Significant Accounting Policies (Details) [Line Items]
Straight-line basis of depreciation useful life		5 years
Estimated useful life	five
Indemnity Escrow Shares [Member]
Significant Accounting Policies (Details) [Line Items]
Shares Issued		1,933,740
Shares issued	1,933,740
Earnout Escrow Shares [Member]
Significant Accounting Policies (Details) [Line Items]
Shares Issued		3,876,481
Shares issued	3,876,481
Class A 2020 Share Incentive Plan [Member]
Significant Accounting Policies (Details) [Line Items]
Shares Issued		1,486,504

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share - shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SPAC Warrants [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	17,795,000	17,795,000	17,795,000
August 2020 PIPE Warrants [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	1,500,000
December 2020 Convertible Debenture [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	800,000
December 2020 Series A Warrant [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	1,200,000
December 2020 Series B Warrant [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	5,000,000
December 2020 Series C Warrant [Member]
Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	7,500,000

Revenue Recognition (Details) -

Revenue Recognition (Details) - Schedule of revenue from contracts with customers - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Insurance brokerage commissions	$ 295,343	$ 638,574	$ 959,299	$ 2,648,119	$ 5,375,531
Securities brokerage commissions			1,890,502	2,210,915	2,025,650
Market making commissions and fees	1,069,656	2,717,614	4,940,623	11,056,431
Total revenue from contracts with customers			7,790,424	15,915,465	7,401,181
Geographic revenue	2,543,061	3,921,705	7,790,424	15,915,465	7,401,181
Hong Kong [Member]
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Geographic revenue	1,473,405	1,204,091	2,777,831	4,859,034	7,401,181
Cayman Islands [Member]
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Geographic revenue	$ 1,069,656	$ 2,717,614	$ 5,012,593	$ 11,056,431

Cash and Restricted Cash (Detai

Cash and Restricted Cash (Details) - Schedule of cash and restricted cash - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of cash and restricted cash [Abstract]
Cash	$ 14,888,644	$ 3,426,467	$ 8,111,409	$ 6,388,978	$ 3,116,209
Restricted Cash	808,923	1,367,630	1,470,486	2,192,201	3,991,949
Total cash and restricted cash presented in the consolidated statement of cash flows	$ 15,697,567	$ 4,794,097	$ 9,581,895	$ 8,581,179	$ 7,108,158

Fair Value (Details)

Fair Value (Details) $ in Millions	1 Months Ended
	Feb. 28, 2021USD ($)shares
Fair Value Disclosures [Abstract]
Number of grandshores shares (in Shares) | shares	64,500,000
Total subscription price	$ 3.5
Percentage of total issued share capital	5.89%
Fair value of shares of related party	$ 2.4
Trading Securities, Unrealized Holding Loss	$ 1.1

Fair Value (Details) - Schedule

Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)	$ 2.41
Exercise price (in Dollars per share)	$ 11.5	$ 11.5
Expected term in years	3 years 11 months 15 days
Expected dividend yield	0.00%	0.00%
Volatility	61.28%
Risk-free interest Rate	0.781%
Minimum [Member]
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)		$ 1.89
Expected term in years		4 years 5 months 15 days
Volatility		54.44%
Risk-free interest Rate		0.364%
Maximum [Member]
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)		$ 2.43
Expected term in years		5 years
Volatility		54.92%
Risk-free interest Rate		0.373%

Fair Value (Details) - Schedu_2

Fair Value (Details) - Schedule of fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis - USD ($)	Jun. 30, 2021		Dec. 31, 2020	Dec. 31, 2019
Assets
Listed equity securities	$ 30,325,800	[1]	$ 17,622	$ 180,201
Liabilities
Derivatives			(5,653)	194,110
Warrant liabilities (as restated)	(3,881,250)		(1,469,821)
Total			(1,475,474)
Assets
Total				374,311
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Listed equity securities	30,325,800	[1]	17,622	180,201
Liabilities
Derivatives
Warrant liabilities (as restated)			(1,000,500)
Total			(1,000,500)
Assets
Total				180,201
Significant Observable Inputs (Level 2) [Member]
Assets
Listed equity securities		[1]
Liabilities
Derivatives			(5,653)	194,110
Warrant liabilities (as restated)			(469,321)
Total			(474,974)
Assets
Total				194,110
Significant Unobservable Inputs (Level 3) [Member]
Assets
Listed equity securities		[1]
Liabilities
Derivatives
Warrant liabilities (as restated)
Total
Assets
Total
[1]	In February 2021, the Group entered into a framework strategic partnership agreement with Grandshores Technology Group Limited (“Grandshores”). The amount includes the fair value of 64,500,000 shares of Grandshores (“Grandshores Shares”) at a total subscription price of approximately $3.5 million (representing approximately 5.89% of the total issued share capital of Grandshores). As of June 30, 2021, the fair value of the Grandshores Shares was $2.4 million and the Group recorded unrealized trading loss of approximately $1.1 million.

Fair Value (Details) - Schedu_3

Fair Value (Details) - Schedule of fair values of financial assets and liabilities, excluding financial instruments - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 14,888,644	$ 3,426,467	$ 8,111,409	$ 6,388,978	$ 3,116,209
Bank balances held on behalf of customers	808,923	1,367,630		2,192,201
Receivables from broker-dealers and clearing organizations	23,689,967	8,089,193		1,684,961
Short-term loans receivable	508,756	2,239,378		1,637,310
Commissions receivable		71,253		88,560
Other receivables	67,475	724,708		166,064
Total assets in fair value		15,918,629		12,158,074
Liabilities
Payables to customers	14,362,840	5,221,270		3,853,693
Payable to broker-dealers	24,270,558	3,845,740
Commissions payable		39,180		29,439
Dividends payable				385,901
Accrued expenses and other payables	1,169,408	1,763,094		417,445
Short-term borrowings		293,905		1,412,570
Short-term borrowings from related party				128,415
Due to director	152,472	149,522
Total liabilities	39,955,278	11,312,711		6,227,463
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalents	14,888,644	3,426,467		6,388,978
Bank balances held on behalf of customers	808,923	1,367,630		2,192,201
Receivables from broker-dealers and clearing organizations
Short-term loans receivable
Commissions receivable
Other receivables
Total assets in fair value		4,794,097		8,581,179
Liabilities
Payables to customers
Payable to broker-dealers
Commissions payable
Dividends payable
Accrued expenses and other payables
Short-term borrowings
Short-term borrowings from related party
Due to director
Total liabilities
Significant Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalents
Bank balances held on behalf of customers
Receivables from broker-dealers and clearing organizations	23,689,967	8,089,193		1,684,961
Short-term loans receivable	508,756	2,239,378		1,637,310
Commissions receivable		71,253		88,560
Other receivables	67,475	724,708		166,064
Total assets in fair value		10,399,824		3,576,895
Liabilities
Payables to customers	14,362,840	5,221,270		3,853,693
Payable to broker-dealers	24,270,558	3,845,740
Commissions payable		39,180		29,439
Dividends payable				385,901
Accrued expenses and other payables	1,169,408	1,763,094		417,445
Short-term borrowings		293,905		1,412,570
Short-term borrowings from related party				128,415
Due to director	152,472	149,522
Total liabilities	39,955,278	11,312,711		6,227,463
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalents
Bank balances held on behalf of customers
Receivables from broker-dealers and clearing organizations
Short-term loans receivable
Commissions receivable
Other receivables
Total assets in fair value
Liabilities
Payables to customers
Payable to broker-dealers
Commissions payable
Accrued expenses and other payables
Short-term borrowings
Short-term borrowings from related party
Due to director
Total liabilities
Estimated Fair Value [Member]
Assets
Cash and cash equivalents		3,426,467		6,388,978
Bank balances held on behalf of customers		1,367,630		2,192,201
Receivables from broker-dealers and clearing organizations		8,089,193		1,684,961
Short-term loans receivable		2,239,378		1,637,310
Commissions receivable		71,253		88,560
Other receivables		724,708		166,064
Total assets in fair value		15,918,629		12,158,074
Liabilities
Payables to customers		5,221,270		3,853,693
Payable to broker-dealers		3,845,740
Commissions payable		39,180		29,439
Dividends payable				385,901
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
Due to director		149,522
Total liabilities		$ 11,312,711		$ 6,227,463

Short-term Loans Receivable (De

Short-term Loans Receivable (Details) - USD ($)	Mar. 02, 2021	Dec. 05, 2019	Apr. 28, 2021	Jun. 20, 2020	Dec. 20, 2019	Nov. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Short-term Loans Receivable (Details) [Line Items]
Notes receivable					$ 1,626,000
Interest rate		13.00%	12.00%	6.00%	6.00%	12.00%	15.00%			6.00%	6.00%
Interest income earned									$ 16,000		$ 99,000	$ 3,000
Principal loans amount	$ 21,000
Loan extended date											Dec. 1, 2021
Loan extended date											$ 1,637,000	$ 2,239,000
Outstanding loans receivable and accrued interest assigned as payment for purchase price											1,691,000
Aggregate principal amount						$ 128,415				$ 380,000	$ 1,284,155
Loans due date										Apr. 28, 2021	Jun. 29, 2021
Interest income earned											$ 4,000
Principal amount										$ 300,000
Outstanding loans receivable and accrued interest	1,691,000
Outstanding loans receivable	$ 359,000
Loan receivables									509,000		$ 1,637,000
June and December 2020 [Member]
Short-term Loans Receivable (Details) [Line Items]
Interest rate											6.00%
Interest income earned											$ 4,000
Principal loans amount											380,000
Outstanding loans receivable and accrued interest assigned as payment for purchase price											359,000
Loan receivables											21,000
June 2020 [Member]
Short-term Loans Receivable (Details) [Line Items]
Interest income earned											11,000
Principal loans amount										$ 300,000
Outstanding balance											214,000
Short-Term Loans Receivable [Member]
Short-term Loans Receivable (Details) [Line Items]
Interest rate										6.00%
Interest income earned									$ 3,000		11,000
Loan receivables											$ 214,000
Lion Financial Group Limited [Member]
Short-term Loans Receivable (Details) [Line Items]
Interest rate								12.00%			6.00%
Aggregate principal amount							$ 510,230	$ 510,230
Maximum [Member]
Short-term Loans Receivable (Details) [Line Items]
Aggregate principal amount			$ 1,000,000								$ 380,000
Minimum [Member]
Short-term Loans Receivable (Details) [Line Items]
Aggregate principal amount			$ 1								$ 1

Other Assets (Details)

Other Assets (Details) - USD ($)	1 Months Ended	12 Months Ended
	May 31, 2021	Dec. 31, 2020
Other Assets [Line Items]
Advance payment for purchase of trading software		$ 5,950,000
Purchase price of portfolio		8,000,000
Other assets was transferred to fixed assets		$ 5,950,000
Long-term deposit	$ 375,000

Accrued Expenses and Other Pa_3

Accrued Expenses and Other Payables (Details) - Schedule of accrued expenses and other payables - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of accrued expenses and other payables [Abstract]
Accrued professional fees	$ 212,525	$ 1,376,450	$ 188,749
Accrued vacation and benefits	342,187	174,771	127,999
Accrued communication and technology expenses	182,963	114,754	83,724
Other payables	64,195	97,119	16,973
Accrued expenses and other payables	$ 1,113,045	$ 1,763,094	$ 417,445

Short-term Borrowings (Details)

Short-term Borrowings (Details) - USD ($)	Dec. 05, 2019	Dec. 05, 2019	Apr. 28, 2021	Jun. 20, 2020	Dec. 31, 2019	Dec. 20, 2019	Nov. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Aug. 31, 2019
Short-term Borrowings (Details) [Line Items]
Short term borrowings					$ 1,412,570			$ 20,409,250	$ 20,409,250			$ 293,905	$ 1,412,570	$ 20,409,250
Interest rate		13.00%	12.00%	6.00%		6.00%	12.00%	15.00%			6.00%	6.00%
Loan receivable								$ 19,108,159	$ 19,108,159
Remaining loan balance after novation	$ 19,100,000	$ 19,100,000
Original borrowing agreement					1,300,000								1,300,000
Deed of novation borrowers	$ 19,100,000	$ 19,100,000								19,100,000		$ 19,100,000
Gain from forgiveness of debts												26,000
Aggregate principal amount							$ 128,415				$ 380,000	1,284,155
Interest income													768,000
Interest expense												105,000	714,000
Repayments of loan												990,000
Outstanding loan amount												294,000
Interest expense													2,000
Gain from forgiveness of debts										26,000
Outstanding short-term borrowings										1,284,155
Tonghai [Member]
Short-term Borrowings (Details) [Line Items]
Interest rate	13.00%
Xiao Bin [Member]
Short-term Borrowings (Details) [Line Items]
Original borrowing agreement										$ 19,100,000
China Tonghai Financial [Member]
Short-term Borrowings (Details) [Line Items]
Interest expense												105,000
Repayments of loan												990,000
Outstanding loan amount												$ 294,000
Lion Financial Group Limited [Member]
Short-term Borrowings (Details) [Line Items]
Interest rate									12.00%			6.00%
Aggregate principal amount								$ 510,230	$ 510,230
Interest expense													15,000
Repayments of loan													128,415
Remaining balance borrowing					$ 128,415								$ 128,415

Derivatives (Details)

Derivatives (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative liability	$ 6,000
Derivative assets		$ 194,000

Related Parties (Details)

Related Parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2018	Jun. 30, 2021	Dec. 31, 2019
Related Parties (Details) [Line Items]
Outstanding shares, percentage	100.00%
Dividends paid	$ 385,901
Advance to shareholder				$ 6,484,121
Dividends payable				385,901
Subscription payments		$ 5,415,082
subscription receivable from share holder		3,022,606
Dividends paid	385,901
Advances from directors	1,617,000
Repaid amount	1,467,000
Due to director	150,000		$ 152,000
Director [Member]
Related Parties (Details) [Line Items]
Advances for working capital needs	1,617,000	$ 484,601		$ 7,679,131
Aggregate amount repaid	1,467,000
Amount due	$ 150,000

December 2020 Convertible Deb_3

December 2020 Convertible Debenture and Warrants (Details) - USD ($)	Sep. 07, 2021	Dec. 14, 2020	Dec. 14, 2019	Jan. 31, 2021	Jan. 29, 2019	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
December 2020 Convertible Debenture and Warrants (Details) [Line Items]
Net proceeds allocated to convertible debenture		$ 1,540,000	$ 1,540,000				$ 1,540,000
Convertible debenture, description		i) a 9% senior secured convertible debenture (the “2020 Convertible Debenture” or “Debenture”) in the principal amount of $1,600,000, which is convertible up to 800,000 ADSs at $2.00 per ADS at any time, matures 30 months from the date of issuance and accrues interest at 9% per annum payable quarterly in cash or, in lieu of cash payment, in our ADSs, subject to adjustment and certain customary equity conditions; ii) a 2-year warrant (“Series B Warrant”) to purchase 5,000,000 ADS at an exercise price of $2.00 per ADS; iii) a warrant to purchase 1,200,000 ADS (“Series A Warrant”) until December 14, 2027 at an exercise price of $2.45 per ADS; and iv) a 7-year warrant to purchase 7,500,000 ADS (“Series C Warrant”, together with Series A Warrant and Series B Warrant, the “December 2020 Warrants”) at an exercise price of $2.45 per ADS. The exercisability of Series C Warrant shall vest ratably from time to time in proportion to the exercise of the Series B Warrant by the holder. Further, for each $1 million of subscription amount under the 2020 Convertible Debenture and the Series B Warrant, the purchaser shall receive a certificate representing 50,000 ADSs (or such lesser number on a ratable basis if the Subscription Amount is less than $1 million).	i) a 9% senior secured convertible debenture (the “2020 Convertible Debenture” or “Debenture”) in the principal amount of $1,600,000, which is convertible up to 800,000 ADSs at $2.00 per ADS at any time, matures 30 months from the date of issuance and accrues interest at 9% per annum payable quarterly in cash or, in lieu of cash payment, in our ADSs, subject to adjustment and certain customary equity conditions; ii) a 2-year warrant (“Series B Warrant”) to purchase 5,000,000 ADS at an exercise price of $2.00 per ADS; iii) a warrant to purchase 1,200,000 ADS (“Series A Warrant”) until December 14, 2027 at an exercise price of $2.45 per ADS; and iv) a 7-year warrant to purchase 7,500,000 ADS (“Series C Warrant”, together with Series A Warrant and Series B Warrant, the “December 2020 Warrants”) at an exercise price of $2.45 per ADS. The exercisability of Series C Warrant shall vest ratably from time to time in proportion to the exercise of the Series B Warrant by the holder. Further, for each $1 million of subscription amount under the 2020 Convertible Debenture and the Series B Warrant, the purchaser shall receive a certificate representing 50,000 ADSs (or such lesser number on a ratable basis if the Subscription Amount is less than $1 million).
Exercise price (in Dollars per share)						$ 2.2	$ 2.2
Net proceeds allocated to convertible debenture						$ 206,000	$ 206,000
Net proceeds from issuance of warrants						27,400,000
Beneficial conversion feature (BCF)						206,000	206,000
Issuance costs charged to equity						77,500	77,500
Amount paid to the holder						60,000	60,000
Remaining unamortized debt discount					$ 784,000		784,000
Recognized interest expense							20,000
Contractual interest							7,000
Amortization of the debt discounts and debt issuance cost							13,000
Debenture carrying value							816,000
Aggregate amount	$ 8,000,000			$ 743,500
Accrued interest					11,600
Interest expense					$ 796,000
Series A [Member]
December 2020 Convertible Debenture and Warrants (Details) [Line Items]
Fair value adjustment of warrants						1,220,000	1,220,000
Net proceeds from issuance of warrants						157,000	157,000
Aggregate proceeds						737,000	$ 737,000
Exercise price (in Dollars per share)							$ 2.45
Series B [Member]
December 2020 Convertible Debenture and Warrants (Details) [Line Items]
Fair value adjustment of warrants						2,915,000	$ 2,915,000
Net proceeds from issuance of warrants						375,000	375,000
Aggregate proceeds						803,000	803,000
Series C [Member]
December 2020 Convertible Debenture and Warrants (Details) [Line Items]
Fair value adjustment of warrants						6,244,000	6,244,000
Net proceeds from issuance of warrants						$ 802,000	$ 802,000
Exercise price (in Dollars per share)							$ 2
Class A Ordinary Shares [Member]
December 2020 Convertible Debenture and Warrants (Details) [Line Items]
Converted shares (in Shares)					889,667
Issuance of shares (in Shares)						14,200,000

December 2020 Convertible Deb_4

December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Series A [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	7 years	7 years
Expected dividend yield	0.00%	0.00%
Volatility	46.68%	46.68%
Risk-free interest Rate	0.63%	0.63%
Series B [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	2 years	2 years
Expected dividend yield	0.00%	0.00%
Volatility	49.61%	49.61%
Risk-free interest Rate	0.197%	0.197%
Series C [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	7 years	7 years
Expected dividend yield	0.00%	0.00%
Volatility	46.68%	46.68%
Risk-free interest Rate	0.63%	0.63%

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) $ / shares in Units, ¥ in Millions	Jan. 06, 2021	Jan. 02, 2021CNY (¥)shares	Nov. 12, 2020shares	Oct. 02, 2020	Aug. 02, 2020	Dec. 19, 2020$ / sharesshares	Jun. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2021shares	Jul. 24, 2020USD ($)$ / sharesshares	Jun. 16, 2020shares	Dec. 31, 2019$ / sharesshares
Stockholders’ Equity (Details) [Line Items]
Shares authorized							450,000,000	450,000,000
Shares par value (in Dollars per share) | $ / shares							$ 0.0001	$ 0.0001
Preferred shares authorized							50,000,000	50,000,000				50,000,000
Preferred shares per share value (in Dollars per share) | $ / shares							$ 0.0001	$ 0.0001				$ 0.0001
Ordinary shares outstanding											17,399,176
Directors and officers amount (in Dollars) | $										$ 60,000
Fair value price (in Dollars per share) | $ / shares										$ 0.2
Additional post-merger consideration adjustment			121,473
Preferred shares issued and outstanding, description							As of June 30, 2021, there was an aggregate of 7,000 preferred shares issued and outstanding and no preferred shares outstanding as of December 31, 2020.
Aggregate proceeds of investors (in Dollars) | $							$ 6,299,000
Yun Tian [Member]
Stockholders’ Equity (Details) [Line Items]
Subscription price per share (in Dollars per share) | $ / shares						$ 2.2
Net profit before tax (in Yuan Renminbi) | ¥		¥ 200
Received subscription price (in Dollars) | $							800,000
Business Combination [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares outstanding											17,399,176
Private Placement [Member]
Stockholders’ Equity (Details) [Line Items]
Description of securities purchase agreement				the Company entered into a securities purchase agreement (as amended on September 29, 2020, and later amended and restated on October 19, 2020) with three investors (collectively, the “Investors”). Two tranches of transactions contemplated under the agreement were closed on August 3 and November 13, 2020, respectively. As a result, an aggregate of 1,500,000 ADSs and 1,500,000 warrants to purchase an aggregate of 1,500,000 of our ADS at US$3.00 per ADS (the “August 2020 PIPE Warrants”) were issued at US$2.00 per ADS for an aggregate purchase price of US$3 million, and an aggregate of 150,000 ADSs were issued as origination fee. Issuance costs of approximately $469,000 were recorded as a charge to additional paid-in capital, including legal and accounting fees.	the Company entered into a securities purchase agreement (as amended on September 29, 2020, and later amended and restated on October 19, 2020) with three investors (collectively, the “Investors”). Two tranches of transactions contemplated under the agreement were closed on August 3 and November 13, 2020, respectively. As a result, an aggregate of 1,500,000 ADSs and 1,500,000 warrants to purchase an aggregate of 1,500,000 of our ADS at US$3.00 per ADS (the “August 2020 PIPE Warrants”) were issued at US$2.00 per ADS for an aggregate purchase price of US$3 million, and an aggregate of 150,000 ADSs were issued as origination fee. Issuance costs of approximately $469,000 were recorded as a charge to additional paid-in capital, including legal and accounting fees.
Net proceed (in Dollars) | $							2,531,000	$ 2,531,000
Subscription receivable (in Dollars) | $							508,750	$ 508,750
Warrants exercise period								3 years
Aggregate of down round features (in Dollars) | $							278,000
Aggregate proceeds of investors (in Dollars) | $							$ 1,500,000
Class A Ordinary Shares [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares authorized							300,000,000	300,000,000				300,000,000
Ordinary shares outstanding							29,328,180	9,627,553			7,647,962	3,140,388
Ordinary shares issued							29,328,180	9,627,553		300,000		3,140,388
Additional post-merger consideration adjustment			29,591
Class A Ordinary Shares [Member] | Yun Tian [Member]
Stockholders’ Equity (Details) [Line Items]
Subscribes share						4,540,000
Subscription shares issued		5,000,000					353,623
Share received		5,000,000
Class A Ordinary Shares [Member] | Private Placement [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares issued							770,833
Class B Ordinary Shares [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares authorized							150,000,000	150,000,000				150,000,000
Ordinary shares outstanding							9,843,096	9,843,096			9,751,214	3,949,993
Ordinary shares issued							9,843,096	9,843,096				3,949,993
Additional post-merger consideration adjustment			91,882
Maximum [Member] | Private Placement [Member]
Stockholders’ Equity (Details) [Line Items]
Exercise price of PIPE Warrants (in Dollars per share) | $ / shares							$ 3
Minimum [Member] | Private Placement [Member]
Stockholders’ Equity (Details) [Line Items]
Exercise price of PIPE Warrants (in Dollars per share) | $ / shares							$ 2
2020 Share Incentive Plan [Member] | Class A Ordinary Shares [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares issued									1,486,504
Call Option [Member]
Stockholders’ Equity (Details) [Line Items]
Strategic Cooperation Agreement	the Company entered into a binding strategic cooperation framework agreement (the “Strategic Cooperation Agreement”) with Mr. Yao Yongjie (“Mr. Yao”) and engaged Mr. Yao as the chief technical adviser to provide technical advice and consultancy service in blockchain industry. The Company grants to Mr. Yao options (the “Call Options”) to subscribe for 6 million Class A ordinary shares, represented by ADSs at a price fixed at US$2 per share. Within 24 months of the signing of the Strategic Cooperation Agreement, Mr. Yao may exercise the right to subscribe for such shares by tranches if the following conditions are met:(i)     if the closing price of the shares in the Company exceeds US$3 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options;(ii)    if the closing price of the shares in the Company exceeds US$5 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options;(iii)   if the closing price of the shares in the Company exceeds US$7.50 per share for 3 consecutive trading days, Mr. Yao may exercise 2 million call options.
Fair value call options (in Dollars) | $							$ 1,909,000
Recognized in expenses (in Dollars) | $							191,000
Exercise of call options (in Dollars) | $							$ 4,000,000
Call Option [Member] | Class A Ordinary Shares [Member]
Stockholders’ Equity (Details) [Line Items]
Ordinary shares issued							2,000,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - shares	Dec. 01, 2020	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Stock-Based Compensation (Details) [Line Items]
Ordinary shares issued			1,486,504
Shares remained available for future awards				3,145,945
Deferred shares granted to employees, non-employee directors and consultants	1,486,504
Contractual term		10 years
2020 Share Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Ordinary shares issued		4,632,449		1,486,504

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of stock-based compensation expenses	12 Months Ended
	Dec. 31, 2020USD ($)
Schedule of stock-based compensation expenses [Abstract]
Communication and technology	$ 335,000
Marketing	363,000
Services fees	294,000
Compensation and benefits	934,800
Professional fees	228,000
General and administrative	1,502,000
Total stock-based compensation	$ 3,656,800

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Applicable tax rate, description	the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate.	the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate.
Tax rate for Singapore entity	17.00%	17.00%
Federal tax rate	21.00%	21.00%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of current and deferred portions of the income tax expense - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of current and deferred portions of the income tax expense [Abstract]
Current	$ 53,239	$ 2,842	$ 1,767	$ 66,299	$ 26,962
Deferred	1,128	479	(451)	(1,827)	(628)
Income tax expense	$ 54,367	$ 3,321	$ 1,316	$ 64,472	$ 26,334

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the group’s income tax expense - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the group’s income tax expense [Abstract]
Income tax expense (benefit) at applicable statutory rate	[1]	$ (1,688,110)	$ 9,738	$ (348,782)	$ 1,345,164	$ (473,951)
(Income) loss not subject to tax	[2]	1,151,121	(323,006)	(214,313)	(1,716,553)	313,015
Current year change in valuation allowance		940,626	311,499	558,859	406,506	195,420
Others				5,552	29,355	(8,150)
Reported income taxes		$ 54,367	$ 3,321	$ 1,316	$ 64,472	$ 26,334
[1]	The applicable statutory rate applied is based on the profits tax rates in Hong Kong. Effective for tax years ended on or after December 31, 2018, the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate. The Singapore entity within the Group has an applicable tax rate of 17.0%. The entity in the United States within the Group has a federal tax rate of 21.0%.
[2]	The Group also has entities domiciled in the British Virgin Islands and the Cayman Islands, but such entities are not subject to income or capital gains taxes.

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of significant components of the group’s deferred tax assets (liabilities) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset
Others	$ 1,477	$ 1,128	$ 677
Net operating loss carryforwards	2,323,105	1,367,309	808,450
Less: Valuation allowance	$ (2,324,700)	(1,367,309)	(808,450)
Net deferred tax asset		$ 1,128	$ 677

Commitments (Details)

Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Rent expenses under operating leases	$ 683,000	$ 592,000	$ 548,000

Commitments (Details) - Schedul

Commitments (Details) - Schedule of future minimum payments under non-cancelable operating leases - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of future minimum payments under non-cancelable operating leases [Abstract]
2021	$ 272,089	$ 646,930
2022		209,556
2023	3,912	3,736
Total future minimum payments	$ 484,971	$ 860,222

Regulatory Requirements (Detail

Regulatory Requirements (Details) - Schedule of the minimum regulatory capital required and the actual amounts of capital maintained - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 10,503,319	$ 1,336,814
Capital Levels Maintained	14,927,333	10,914,773
Excess Net Capital	$ 4,424,014	$ 9,577,959
Percent of requirement Maintained	142.00%	816.00%
Lion International Securities Group Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 386,292	$ 386,927
Capital Levels Maintained	1,171,495	1,043,803
Excess Net Capital	$ 785,203	$ 656,876
Percent of requirement Maintained	303.00%	270.00%
Lion Futures Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 386,292	$ 386,927
Capital Levels Maintained	1,039,855	948,872
Excess Net Capital	$ 653,563	$ 561,945
Percent of requirement Maintained	269.00%	245.00%
Lion Asset Management Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 12,876	$ 12,898
Capital Levels Maintained	43,415	27,770
Excess Net Capital	$ 30,539	$ 14,872
Percent of requirement Maintained	337.00%	215.00%
BC Wealth Management Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 12,876	$ 12,898
Capital Levels Maintained	177,081	468,279
Excess Net Capital	$ 164,205	$ 455,381
Percent of requirement Maintained	1375.00%	3631.00%
Lion Broker Limited (Cayman) [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 9,704,983	$ 537,164
Capital Levels Maintained	12,495,487	8,426,049
Excess Net Capital	$ 2,790,504	$ 7,888,885
Percent of requirement Maintained	129.00%	1569.00%

Segment Reporting (Details)

Segment Reporting (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Segment Reporting [Abstract]
Operating segments, description	Reportable segments are defined as an operating segment that either (a) exceeds 10% of revenue, or (b) reported profit or loss in absolute amount exceeds 10% of profit of all operating segments that did not report a loss or (c) exceeds 10% of the combined assets of all operating segments.	Reportable segments are defined as an operating segment that either (a) exceeds 10% of revenue, or (b) reported profit or loss in absolute amount exceeds 10% of profit of all operating segments that did not report a loss or (c) exceeds 10% of the combined assets of all operating segments.
Aggregate generated income		$ 211,000
Number of operating segments	3
Trading gains/(losses)	$ 3,600,000	$ 1,833,875	$ 1,782,750	$ (897,812)
Interest commissions	400,000
CFD trading commissions	1,000,000
CFD Bid Gains(losses)	$ (2,100,000)

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of operating segments - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 3,600,297	$ 6,430,516	$ 10,230,135	$ 18,526,850	$ 6,568,263
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	347,660	323,224	683,160	591,936	548,331
Communication and technology	947,292	469,662	1,454,050	823,433	588,353
General and administrative	630,059	292,788	2,264,318	692,648	539,773
Professional fees	990,011	153,853	1,565,834	761,238	227,998
Service fees	2,474,122	231,785	833,864	384,840	53,592
Interest	942,264	79,343	183,157	731,812	118
Depreciation	279,680	21,992	40,556	52,852	32,743
Marketing	553,758	199,948	651,324	55,378	195,933
Payment service charge	292,630		245,030	355,585
Other operating expenses			11,464	10,463	15,406
Total operating expenses	11,269,402	4,053,318	13,581,544	10,246,026	9,313,137
Income (loss) from operations	(7,669,105)	2,377,198	(3,351,409)	8,280,824	(2,744,874)
Total segment assets	$ 86,517,677	$ 15,070,603	22,906,069	13,418,348	15,672,761
Futures and securities brokerage services [Member]
Segment Reporting Information [Line Items]
Revenue			2,029,669	2,215,867	2,066,354
Commissions and fees			1,316,800	1,526,852	1,293,577
Compensation and benefits			1,110,192	1,154,378	882,887
Occupancy				202,467	420,732
Communication and technology			455,323	469,818	505,152
General and administrative			55,028	72,403	85,208
Professional fees			26,690	7,369	21,081
Service fees
Interest
Depreciation			13,000	26,845	26,487
Marketing			222	2,608	8,736
Payment service charge
Other operating expenses				5,739	3,063
Total operating expenses			2,977,255	3,468,479	3,246,923
Income (loss) from operations			(947,586)	(1,252,612)	(1,180,569)
Total segment assets			4,624,325	4,823,056	12,243,072
Insurance brokerage services [Member]
Segment Reporting Information [Line Items]
Revenue			959,299	2,648,141	5,378,679
Commissions and fees			413,351	1,506,223	4,157,668
Compensation and benefits			256,529	334,964	363,523
Occupancy			277,414	198,637	1,021
Communication and technology			5,160	7,269	4,596
General and administrative			48,210	69,765	93,880
Professional fees			16,813	702	28,710
Service fees
Interest
Depreciation			4,128	4,087	4,086
Marketing			222		185,019
Payment service charge
Other operating expenses					1,359
Total operating expenses			1,021,827	2,121,647	4,839,862
Income (loss) from operations			(62,528)	526,494	538,817
Total segment assets			213,495	352,377	370,114
Market making (CFD) trading and other [Member]
Segment Reporting Information [Line Items]
Revenue			7,034,447	12,843,574
Commissions and fees			115,843	322,130
Compensation and benefits
Occupancy			6,600	1,200
Communication and technology			643,630	343,556
General and administrative			243,172	140,598
Professional fees			278,719	118,929
Service fees			314,342	119,711
Interest			52,240
Depreciation
Marketing			166,013	51,714
Payment service charge			245,030	355,585
Other operating expenses
Total operating expenses			2,065,589	1,453,423
Income (loss) from operations			4,968,858	11,390,151
Total segment assets			14,636,139	5,307,525
Other [Member]
Segment Reporting Information [Line Items]
Revenue			206,720	819,268	(876,770)
Commissions and fees					20,357
Compensation and benefits			2,436,072	941,294	392,878
Occupancy			399,146	189,632	126,578
Communication and technology			349,937	2,790	78,605
General and administrative			1,917,908	409,882	360,685
Professional fees			1,243,612	634,238	178,207
Service fees			519,522	265,129	53,592
Interest			130,917	731,812	118
Depreciation			23,428	21,920	2,170
Marketing			484,867	1,056	2,178
Payment service charge
Other operating expenses			11,464	4,724	10,984
Total operating expenses			7,516,873	3,202,477	1,226,352
Income (loss) from operations			(7,310,153)	(2,383,209)	(2,103,122)
Total segment assets			$ 3,432,110	$ 2,935,390	$ 3,059,575

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)

Sep. 07, 2021

Feb. 05, 2021

Jan. 06, 2021

Feb. 28, 2021

Jan. 31, 2021

Jan. 29, 2021

Feb. 15, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Mar. 31, 2021

Jul. 24, 2020

Jun. 16, 2020

Subsequent Events (Details) [Line Items]

Share price per share (in Dollars per share)

$ 0.2

Securities purchase agreement, description

the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement) with one third party investor (the “Purchaser”), pursuant to which the Company received $6,440,000 in consideration of the issuance of: (a) Series A Convertible Preferred Shares (the “Series A Convertible Preferred Shares”) with a stated value of $7,000,000; (b) a warrant (the “Series D Warrant”) to purchase 2,333,333 American Depositary Shares (“ADS”) of the Company until the fifth year anniversary of the closing date at an exercise price of $3.00 per ADS; (c) a one-year warrant to purchase 13,333,333 ADS (the “Series E Warrant”) at an exercise price of $3.00 per ADS, each exercise of which entitles the Warrant holder to receive one ADS and a 8% cash discount; and d) a 5-year warrant to purchase 13,333,333 ADS (the “Series F Warrant”, together with the Series D Warrant and the Series E Warrant, the “February 2021 Warrants”) at an exercise price of $3.00 per ADS. The exercisability of Series F Warrant shall vest ratably from time to time in proportion to the exercise of the Series E Warrant by the holder. The transactions contemplated under the Securities Purchase Agreement were closed on February 18, 2021. The Series A Convertible Preferred Shares bear dividend rights at a rate of 8% per annum commencing on the six month anniversary of the closing date, and is convertible into the ADSs, beginning after its original date of issuance at an initial conversion price of $3.00 per share. Dividend is payable quarterly in cash, or the Company may pay accrued interest in its ADSs.

Shares issued

17,600,000

Aggregate proceeds (in Dollars)

$ 508,750

Subsequent event, description

the Company entered into a framework strategic partnership agreement with Grandshores Technology Group Limited (“Grandshores”) (HKEX: 01647). In March 2021, Lion Brokers Limited subscribed 64,500,000 shares of Grandshores at a total subscription price of approximately $3.5 million, representing approximately 5.89% of the total issued share capital of Grandshores.

Aggregate purchase price (in Dollars)

$ 8,000,000

$ 743,500

Yun Tian [Member]

Subsequent Events (Details) [Line Items]

Shares issued

217,273

Aggregate proceeds (in Dollars)

$ 500,000

August 2020 Private Placement [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Shares issued

770,833

Aggregate proceeds (in Dollars)

$ 1,500,000

December 2020 Warrants [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Shares issued

889,667

14,200,000

Aggregate proceeds (in Dollars)

$ 27,400,000

Ordinary shares issued for conversion of debenture

809,667

Class A Ordinary shares [Member]

Subsequent Events (Details) [Line Items]

Shares issued

4,507,574

Class A Ordinary shares [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Call options

6,000,000

Share price per share (in Dollars per share)

$ 2

Class A Ordinary shares [Member] | 2020 Share Incentive Plan [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Shares issued

1,486,504

SPAC Warrants (Details)

SPAC Warrants (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
SPAC Warrants (Details) [Line Items]
Ordinary share price (in Dollars per share)	$ 2.41
Description of warrants for redemption	The Company may call the warrants for Redemption (excluding the private warrants), in whole and not in part, at a price of $0.01 per warrant,•        at any time while the warrants are exercisable;•        upon not less than 30 days’ prior written notice of Redemption to each warrant holder;•        if, and only if, the reported last sale price of the Company’s ADSs equals or exceeds $18.00 per ADS, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of Redemption to warrant holders; and•        if, and only if, there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such warrants commencing five business days prior to the 30-day trading period and continuing each day thereafter until the date of Redemption.	The Company may call the warrants for Redemption (excluding the private warrants), in whole and not in part, at a price of $0.01 per warrant,•        at any time while the warrants are exercisable;•        upon not less than 30 days’ prior written notice of Redemption to each warrant holder;•        if, and only if, the reported last sale price of the Company’s ADSs equals or exceeds $18.00 per ADS, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of Redemption to warrant holders; and•        if, and only if, there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such warrants commencing five business days prior to the 30-day trading period and continuing each day thereafter until the date of Redemption.
Public Warrants [Member]
SPAC Warrants (Details) [Line Items]
Warrants issued	11,500,000	11,500,000
Warrants outstanding	11,500,000	11,500,000
Private Warrants [Member]
SPAC Warrants (Details) [Line Items]
Warrants issued	5,375,000	5,375,000
Warrants outstanding	5,375,000	5,375,000
Underwriters’ Warrants [Member]
SPAC Warrants (Details) [Line Items]
Warrants issued	920,000	920,000
Warrants outstanding	920,000	920,000
Exercise price of warrants (in Dollars per share)	$ 12	$ 12
Proficient Alpha Acquisition Corp [Member]
SPAC Warrants (Details) [Line Items]
Ordinary share price (in Dollars per share)	11.5	11.5
ADS [Member]
SPAC Warrants (Details) [Line Items]
Ordinary share price (in Dollars per share)	$ 11.5	$ 11.5

Restatement of Previously Iss_3

Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated statements of operations and comprehensive income (loss) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020
As Previously Reported [Member]
Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated statements of operations and comprehensive income (loss) [Line Items]
Change in fair value of warrant liabilities
(Loss) income before income taxes	2,377,198	(3,351,409)
Net (loss) income	2,373,877	(3,352,725)
Comprehensive income (loss)	$ 2,394,437	$ (3,332,238)
Basic and diluted (in Dollars per share)	$ 0.32	$ (0.33)
Restatement Impact [Member]
Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated statements of operations and comprehensive income (loss) [Line Items]
Change in fair value of warrant liabilities	$ 414,440	$ 777,266
(Loss) income before income taxes	414,440	777,266
Net (loss) income	414,440	777,266
Comprehensive income (loss)	$ 414,440	$ 777,266
Basic and diluted (in Dollars per share)	$ 0.05	$ 0.08
As Restated [Member]
Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated statements of operations and comprehensive income (loss) [Line Items]
Change in fair value of warrant liabilities	$ 414,440	$ 777,266
(Loss) income before income taxes	2,791,638	(2,574,143)
Net (loss) income	2,788,317	(2,575,459)
Comprehensive income (loss)	$ 2,808,877	$ (2,554,972)
Basic and diluted (in Dollars per share)	$ 0.37	$ (0.25)

Restatement of Previously Iss_4

Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated balance sheets - USD ($)	Dec. 31, 2020	Jun. 30, 2020
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Warrant liabilities
Total current liabilities	11,318,364	5,439,512
Total liabilities	12,134,370	5,439,512
Additional paid-in-capital	14,516,848	7,649,772
Accumulated deficit	(3,729,628)	1,996,974
Total stockholders' equity	10,771,699	9,631,091
Restatement Impact [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Warrant liabilities	1,469,821	1,832,647
Total current liabilities	1,469,821	1,832,647
Total liabilities	1,469,821	1,832,647
Additional paid-in-capital	(2,247,087)	(2,247,087)
Accumulated deficit	777,266	414,440
Total stockholders' equity	(1,469,821)	(1,832,647)
As Restated [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Warrant liabilities	1,469,821	1,832,647
Total current liabilities	12,788,185	7,272,159
Total liabilities	13,604,191	7,272,159
Additional paid-in-capital	12,269,761	5,402,685
Accumulated deficit	(2,952,362)	2,411,414
Total stockholders' equity	$ 9,301,878	$ 7,798,444

Restatement of Previously Iss_5

Restatement of Previously Issued Audited and Unaudited Consolidated Financial Statements (Details) - Schedule of consolidated statements of cash flow - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020
As Previously Reported [Member]
Cash Flows from Operating Activities
Net (loss) income	$ 2,373,877	$ (3,352,725)
Change in fair value of warrant liabilities
Restatement Impact [Member]
Cash Flows from Operating Activities
Net (loss) income	414,440	777,266
Change in fair value of warrant liabilities	(414,440)	(777,266)
As Restated [Member]
Cash Flows from Operating Activities
Net (loss) income	2,788,317	(2,575,459)
Change in fair value of warrant liabilities	$ (414,440)	$ (777,266)

Organization and Principal Ac_7

Organization and Principal Activities (Details) - Schedule of consummation of the reverse recapitalization - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of consummation of the reverse recapitalization [Abstract]
Cash	$ 2,476,198	$ 2,476,198
Prepaid expenses and other current assets	209	209
Warrant liabilities	(2,247,087)
Accrued expenses	(57,963)	(57,963)
Net assets acquired by LGHL as of June 16, 2020	$ 171,357	$ 171,357

Organization and Principal Ac_8

Organization and Principal Activities (Details) - Schedule of subsidiaries	6 Months Ended
	Jun. 30, 2021
June 16, 2015 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Financial Group Limited
Date of Incorporation or Acquisition	Jun. 16, 2015
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	100.00%
Principal Activities	Investment holding
February 16, 2017 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Wealth Management Limited
Date of Incorporation or Acquisition	Feb. 16, 2017
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	100.00%
Principal Activities	Investment holding
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion International Securities Group Limited
Date of Incorporation or Acquisition	May 20, 2016
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Securities brokerage
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Futures Limited
Date of Incorporation or Acquisition	May 20, 2016
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Futures brokerage
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Investment (Hong Kong) Limited (F/K/A Lion Foreign Exchange Limited)
Date of Incorporation or Acquisition	May 20, 2016
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Dormant
May 20, 2016 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Asset Management Limited (F/K/A Lion Capital Management Limited)
Date of Incorporation or Acquisition	May 20, 2016
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Asset management
October 14, 2014 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	BC Wealth Management Limited
Date of Incorporation or Acquisition	Oct. 14, 2014
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Insurance brokerage
October 4, 2018 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Wealth Limited
Date of Incorporation or Acquisition	Oct. 4, 2018
Place of Incorporation or Establishment	Hong Kong
Ownership Interest	100.00%
Principal Activities	Marketing and support service
May 2, 2017 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Brokers Limited
Date of Incorporation or Acquisition	May 2, 2017
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	100.00%
Principal Activities	Broker dealer and market maker
June 11, 2019 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Investment Fund SPC
Date of Incorporation or Acquisition	Jun. 11, 2019
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	100.00%
Principal Activities	Dormant
July 26,2019 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion International Financial (Singapore) Pte. LTD.
Date of Incorporation or Acquisition	Jul. 26, 2019
Place of Incorporation or Establishment	Singapore
Ownership Interest	100.00%
Principal Activities	Dormant
June 16, 2020 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Group North America Corp. (F/K/A Proficient Alpha Acquisition Corp.)
Date of Incorporation or Acquisition	Jun. 16, 2020
Place of Incorporation or Establishment	Nevada, USA
Ownership Interest	100.00%
Principal Activities	Dormant
April 13, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Fintech Group Limited
Date of Incorporation or Acquisition	Apr. 13, 2021
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	100.00%
Principal Activities	Investment holding
April 13, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Royal Lion Investment Limited (“Royal Lion”)
Date of Incorporation or Acquisition	Apr. 13, 2021
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	70.00%
Principal Activities	Investment holding
April 13, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Royal Lion Middle East DMCC (“Lion DMCC”)
Date of Incorporation or Acquisition	Apr. 13, 2021
Place of Incorporation or Establishment	Dubai
Ownership Interest	70.00%
Principal Activities	Trading in crypto-commodities
May 7, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion NFT Limited (“Lion NFT”)
Date of Incorporation or Acquisition	May 7, 2021
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	60.00%
Principal Activities	Investment and innovation in digital assets
June 17, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Flying Lion Limited (“Flying Lion”)
Date of Incorporation or Acquisition	Jun. 17, 2021
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	70.00%
Principal Activities	Investment and innovation in digital assets
May 7, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Lion Group (Hangzhou) Investment Limited
Date of Incorporation or Acquisition	May 7, 2021
Place of Incorporation or Establishment	China
Ownership Interest	100.00%
Principal Activities	Technology development, consulting, conference and exhibition services
April 12, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Aquarius Sponsor Ltd.
Date of Incorporation or Acquisition	Apr. 12, 2021
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	51.00%
Principal Activities	Investment holding
May 4, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Aquarius II Sponsor Ltd.
Date of Incorporation or Acquisition	May 4, 2021
Place of Incorporation or Establishment	British Virgin Islands
Ownership Interest	51.00%
Principal Activities	Investment holding
April 15, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Aquarius I Acquisition Corp.
Date of Incorporation or Acquisition	Apr. 15, 2021
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	51.00%
Principal Activities	Special purpose acquisition company
May 5, 2021 [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Company Name	Aquarius II Acquisition Corp.
Date of Incorporation or Acquisition	May 5, 2021
Place of Incorporation or Establishment	Cayman Islands
Ownership Interest	51.00%
Principal Activities	Special purpose acquisition company

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of activities of the crypto currencies	6 Months Ended
	Jun. 30, 2021USD ($)
Schedule of activities of the crypto currencies [Abstract]
Crypto currencies beginning balance
Additions of crypto currencies	201,152
Realized gain on sale of crypto currencies
Impairment of crypto currencies
Crypto currencies ending balance	$ 201,152

Significant Accounting Polici_6

Significant Accounting Policies (Details) - Schedule of potential dilutive securities denominated in ordinary shares equivalents that were excluded from the computation of diluted earnings (loss) per share - shares	Jun. 30, 2021	Jun. 30, 2020
SPAC Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	17,795,000	17,795,000
August 2020 PIPE Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	1,500,000
Convertible Debenture [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	800,000
December 2020 Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	13,700,000
February 2021 Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	26,666,667
Series A Convertible Preferred Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total basic and diluted earnings (loss) per ordinary share	2,333,333

Revenue Recognition (Details)_2

Revenue Recognition (Details) - Schedule of revenue from contracts with customers - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Insurance brokerage commissions	$ 295,343	$ 638,574	$ 959,299	$ 2,648,119	$ 5,375,531
Securities brokerage commissions	1,178,062	565,517
Market making commissions and fees	1,069,656	2,717,614	4,940,623	11,056,431
Total revenue from contracts with customers	2,543,061	3,921,705
Geographic revenue	2,543,061	3,921,705	7,790,424	15,915,465	7,401,181
HONG KONG
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Geographic revenue	1,473,405	1,204,091	2,777,831	4,859,034	7,401,181
CAYMAN ISLANDS
Revenue Recognition (Details) - Schedule of revenue from contracts with customers [Line Items]
Geographic revenue	$ 1,069,656	$ 2,717,614	$ 5,012,593	$ 11,056,431

Cash and Restricted Cash (Det_2

Cash and Restricted Cash (Details) - Schedule of cash and restricted cash - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of cash and restricted cash [Abstract]
Cash	$ 14,888,644	$ 3,426,467	$ 8,111,409	$ 6,388,978	$ 3,116,209
Restricted Cash	808,923	1,367,630	1,470,486	2,192,201	3,991,949
Total cash and restricted cash presented in the consolidated statement of cash flows	$ 15,697,567	$ 4,794,097	$ 9,581,895	$ 8,581,179	$ 7,108,158

Fair Value (Details) - Schedu_4

Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)	$ 2.41
Exercise price (in Dollars per share)	$ 11.5	$ 11.5
Expected term in years	3 years 11 months 15 days
Expected dividend yield	0.00%	0.00%
Volatility	61.28%
Risk-free interest Rate	0.781%
Minimum [Member]
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)		$ 1.89
Expected term in years		4 years 5 months 15 days
Volatility		54.44%
Risk-free interest Rate		0.364%
Maximum [Member]
Fair Value (Details) - Schedule of financial instruments, as their value is derived using quoted market prices as of the measurement date [Line Items]
Stock price (in Dollars per share)		$ 2.43
Expected term in years		5 years
Volatility		54.92%
Risk-free interest Rate		0.373%

Fair Value (Details) - Schedu_5

Fair Value (Details) - Schedule of fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis - USD ($)	6 Months Ended
	Jun. 30, 2021		Dec. 31, 2020	Dec. 31, 2019
Assets
Listed equity securities	$ 30,325,800	[1]	$ 17,622	$ 180,201
Total Assets	30,325,800
Liabilities
Derivatives			(5,653)
Warrant liabilities	(3,881,250)		(1,469,821)
Total Liabilities			(1,475,474)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Listed equity securities	30,325,800	[1]	17,622	180,201
Total Assets	30,325,800
Liabilities
Derivatives
Warrant liabilities	(2,645,000)		(1,000,500)
Total Liabilities			(1,000,500)
Significant Observable Inputs (Level 2) [Member]
Assets
Listed equity securities		[1]
Total Assets
Liabilities
Derivatives			(5,653)
Warrant liabilities	(1,236,250)		(469,321)
Total Liabilities			(474,974)
Significant Unobservable Inputs (Level 3) [Member]
Assets
Listed equity securities		[1]
Total Assets
Liabilities
Derivatives
Warrant liabilities
Total Liabilities
[1]	In February 2021, the Group entered into a framework strategic partnership agreement with Grandshores Technology Group Limited (“Grandshores”). The amount includes the fair value of 64,500,000 shares of Grandshores (“Grandshores Shares”) at a total subscription price of approximately $3.5 million (representing approximately 5.89% of the total issued share capital of Grandshores). As of June 30, 2021, the fair value of the Grandshores Shares was $2.4 million and the Group recorded unrealized trading loss of approximately $1.1 million.

Fair Value (Details) - Schedu_6

Fair Value (Details) - Schedule of fair values of financial assets and liabilities, excluding financial instruments - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Aug. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 14,888,644	$ 3,426,467	$ 8,111,409	$ 6,388,978			$ 3,116,209
Bank balances held on behalf of customers	808,923	1,367,630		2,192,201
Receivables from broker-dealers and clearing organizations	23,689,967	8,089,193		1,684,961
Short-term loans receivable	508,756	2,239,378		1,637,310
Commissions receivable		71,253		88,560
Other receivables	67,475	724,708		166,064
Total assets in fair value	39,963,765	15,918,629
Liabilities
Payables to customers	14,362,840	5,221,270		3,853,693
Payable to broker-dealers	24,270,558	3,845,740
Commissions payable		39,180		29,439
Accrued expenses and other payables	1,169,408	1,763,094		417,445
Short-term borrowings		293,905		1,412,570	$ 20,409,250	$ 20,409,250
Due to director	152,472	149,522
Total liabilities	39,955,278	11,312,711		6,227,463
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalents	14,888,644	3,426,467		6,388,978
Bank balances held on behalf of customers	808,923	1,367,630		2,192,201
Receivables from broker-dealers and clearing organizations
Short-term loans receivable
Commissions receivable
Other receivables
Total assets in fair value	15,697,567	4,794,097
Liabilities
Payables to customers
Payable to broker-dealers
Commissions payable
Accrued expenses and other payables
Short-term borrowings
Due to director
Total liabilities
Significant Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalents
Bank balances held on behalf of customers
Receivables from broker-dealers and clearing organizations	23,689,967	8,089,193		1,684,961
Short-term loans receivable	508,756	2,239,378		1,637,310
Commissions receivable		71,253		88,560
Other receivables	67,475	724,708		166,064
Total assets in fair value	24,266,198	11,124,532
Liabilities
Payables to customers	14,362,840	5,221,270		3,853,693
Payable to broker-dealers	24,270,558	3,845,740
Commissions payable		39,180		29,439
Accrued expenses and other payables	1,169,408	1,763,094		417,445
Short-term borrowings		293,905
Due to director	152,472	149,522
Total liabilities	39,955,278	11,312,711		6,227,463
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalents
Bank balances held on behalf of customers
Receivables from broker-dealers and clearing organizations
Short-term loans receivable
Commissions receivable
Other receivables
Total assets in fair value
Liabilities
Payables to customers
Payable to broker-dealers
Commissions payable
Accrued expenses and other payables
Short-term borrowings
Due to director
Total liabilities
Estimated Fair Value [Member]
Assets
Cash and cash equivalents	14,888,644	3,426,467
Bank balances held on behalf of customers	808,923	1,367,630
Receivables from broker-dealers and clearing organizations	23,689,967	8,089,193
Short-term loans receivable	508,756	2,239,378
Commissions receivable		71,253
Other receivables	67,475	724,708
Total assets in fair value	39,963,765	15,918,629
Liabilities
Payables to customers	14,362,840	5,221,270
Payable to broker-dealers	24,270,558	3,845,740
Commissions payable		39,180
Accrued expenses and other payables	1,169,408	1,763,094
Short-term borrowings		293,905
Due to director	152,472	149,522
Total liabilities	$ 39,955,278	$ 11,312,711

Long-term Investment (Details)

Long-term Investment (Details)	May 31, 2021USD ($)	May 31, 2021CNY (¥)
Hangzhou [Member]
Long-term Investment (Details) [Line Items]
Amount of investment	$ 1,580,000	¥ 10,000,000
Qianlan [Member]
Long-term Investment (Details) [Line Items]
Percentage of equity interest	20.00%	20.00%
Tunlan Hongyi [Member]
Long-term Investment (Details) [Line Items]
Percentage of equity interest	62.00%	62.00%
Shenzhen Yuhe Chuangzhi Technology Limited Company [Member]
Long-term Investment (Details) [Line Items]
Total investment		¥ 64,500,000

Fixed Assets, Net (Details)

Fixed Assets, Net (Details) ¥ in Millions	Sep. 07, 2021USD ($)	Apr. 19, 2021USD ($)	Apr. 19, 2021CNY (¥)	Jan. 31, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Fixed Assets, Net (Details) [Line Items]
Aggregate Purchases Price	$ 8,000,000			$ 743,500
Depreciation expense					$ 367,851	$ 21,992
Minebaba [Member]
Fixed Assets, Net (Details) [Line Items]
Mining machines		$ 5,000
Aggregate Purchases Price		2,600,000	¥ 17
Costs payable		$ 200,000

Fixed Assets, Net (Details) - S

Fixed Assets, Net (Details) - Schedule of fixed assets - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total cost of fixed assets	$ 10,783,327	$ 186,511
Less: accumulated depreciation	(519,128)	(151,592)
Fixed assets, net	10,264,199	34,919	$ 73,688
Cryptocurrency mining machines [Member]
Property, Plant and Equipment [Line Items]
Total cost of fixed assets	2,594,524
Software [Member]
Property, Plant and Equipment [Line Items]
Total cost of fixed assets	8,000,000
Leasehold improvement [Member]
Property, Plant and Equipment [Line Items]
Total cost of fixed assets	38,399	38,463
Office and computer equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost of fixed assets	$ 150,405	$ 148,048

Accrued Expenses and Other Pa_4

Accrued Expenses and Other Payables (Details) - Schedule of accrued expenses and other payables - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of accrued expenses and other payables [Abstract]
Accrued professional fees	$ 212,525	$ 1,376,450	$ 188,749
Accrued vacation and benefits	342,187	174,771	127,999
Accrued communication and technology expenses	182,963	114,754	83,724
Accrued electricity expenses for crypto mining	131,410
Payable to Grandshore on Sponsor entities	179,764
Other payables	64,195	97,119	16,973
Accrued expenses and other payables	$ 1,113,045	$ 1,763,094	$ 417,445

December 2020 Convertible Deb_5

December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Series A [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	7 years	7 years
Expected dividend yield	0.00%	0.00%
Volatility	46.68%	46.68%
Risk-free interest Rate	0.63%	0.63%
Series B [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	2 years	2 years
Expected dividend yield	0.00%	0.00%
Volatility	49.61%	49.61%
Risk-free interest Rate	0.197%	0.197%
Series C [Member]
December 2020 Convertible Debenture and Warrants (Details) - Schedule of assumptions used to measure the fair value of December 2020 Warrants on the date of issuance [Line Items]
Expected term in years	7 years	7 years
Expected dividend yield	0.00%	0.00%
Volatility	46.68%	46.68%
Risk-free interest Rate	0.63%	0.63%

February 2021 Convertible Pre_3

February 2021 Convertible Preferred Shares and Warrants (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Feb. 15, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Purchase agreement description	On February 15, 2021, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement) with one third party investor (the “Purchaser”), pursuant to which the Company received $6,440,000 in consideration of the issuance of: a) Series A Convertible Preferred Shares (the “Series A Convertible Preferred Shares”) with a stated value of $7,000,000; b) a warrant (the “Series D Warrant”) to purchase 2,333,333 American Depositary Shares (“ADS”) of the Company until the fifth year anniversary of the closing date at an exercise price of $3.00 per ADS; c) a one-year warrant to purchase 13,333,333 ADS (the “Series E Warrant”) at an exercise price of $3.00 per ADS, each exercise of which entitles the Warrant holder to receive one ADS and a 8% cash discount; and d) a 5-year warrant to purchase 13,333,333 ADS (the “Series F Warrant”, together with the Series D Warrant and the Series E Warrant, the “February 2021 Warrants”) at an exercise price of $3.00 per ADS. The exercisability of Series F Warrant shall vest ratably from time to time in proportion to the exercise of the Series E Warrants by the holder. The transactions contemplated under the Securities Purchase Agreement were closed on February 18, 2021.
Series A convertible Preferred Shares (in Shares)			0	0
Series A convertible preferred shares par value (in Dollars per share)		$ 0.0001	$ 0.0001	$ 0.0001
Series A convertible Preferred share, Value		$ 1,000
Dividend rights rate		8.00%
Conversion price (in Dollars per share)		$ 3
Net proceeds of convertible preferred shares		$ 6,299,000
Prefer stock discount		1,563,000
Additional paid in capital		81,000
Net of debt discounts paid		620,000
Series one [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Aggregate Proceeds		$ 737,000	$ 737,000
Series one [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Warrant price (in Shares)		2,509,000
Series Two [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Aggregate Proceeds		$ 803,000	$ 803,000
Series Two [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Warrant price (in Shares)		7,114,000
Series Three [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Warrant price (in Shares)		11,952,000
Series D [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Aggregate Proceeds		$ 2,149,000
Series E [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Aggregate Proceeds		$ 4,231,000
Series A Convertible Preferred Shares [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Series A convertible Preferred Shares (in Shares)		7,000	0
Series A convertible preferred shares par value (in Dollars per share)		$ 1,000	$ 1,000
Series A Convertible Preferred Shares [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Net proceeds of convertible preferred shares		$ 1,563,000
Series D Convertible Preferred Shares [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Net proceeds of convertible preferred shares		560,000
Series E Convertible Preferred Shares [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Net proceeds of convertible preferred shares		1,588,000
Series F Convertible Preferred Shares [Member] | February 2021Warrants [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) [Line Items]
Net proceeds of convertible preferred shares		$ 2,669,000

February 2021 Convertible Pre_4

February 2021 Convertible Preferred Shares and Warrants (Details) - Schedule of assumptions used to measure the fair value of February 2021 Warrants on the date of issuance	6 Months Ended
	Jun. 30, 2021
Series D [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) - Schedule of assumptions used to measure the fair value of February 2021 Warrants on the date of issuance [Line Items]
Expected term in years	5 years
Expected dividend yield	0.00%
Volatility	43.05%
Risk-free interest Rate	0.63%
Series E [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) - Schedule of assumptions used to measure the fair value of February 2021 Warrants on the date of issuance [Line Items]
Expected term in years	1 year
Expected dividend yield	0.00%
Volatility	50.45%
Risk-free interest Rate	0.208%
Series F [Member]
February 2021 Convertible Preferred Shares and Warrants (Details) - Schedule of assumptions used to measure the fair value of February 2021 Warrants on the date of issuance [Line Items]
Expected term in years	5 years
Expected dividend yield	0.00%
Volatility	43.05%
Risk-free interest Rate	0.63%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of stock-based compensation expense over the requisite service period - Call Option [Member]	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity (Details) - Schedule of stock-based compensation expense over the requisite service period [Line Items]
Expected term in years	2 years
Expected dividend yield	0.00%
Volatility	51.69%
Risk-free interest Rate	0.21%

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of current and deferred portions of the income tax expense - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of current and deferred portions of the income tax expense [Abstract]
Current	$ 53,239	$ 2,842	$ 1,767	$ 66,299	$ 26,962
Deferred	1,128	479	(451)	(1,827)	(628)
Income tax expense	$ 54,367	$ 3,321	$ 1,316	$ 64,472	$ 26,334

Income Taxes (Details) - Sche_5

Income Taxes (Details) - Schedule of reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the Group’s income tax expense - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of reconciliation of the difference between the expected income tax expense or benefit computed at applicable statutory income tax rates and the group’s income tax expense [Abstract]
Income tax expense (benefit) at applicable statutory rate	[1]	$ (1,688,110)	$ 9,738	$ (348,782)	$ 1,345,164	$ (473,951)
Nondeductible expenses		(402,509)	5,090
(Income) loss not subject to tax	[2]	1,151,121	(323,006)	(214,313)	(1,716,553)	313,015
Current year change in valuation allowance		940,626	311,499	558,859	406,506	195,420
Prior year examination adjustment		53,239
Reported income taxes		$ 54,367	$ 3,321	$ 1,316	$ 64,472	$ 26,334
[1]	The applicable statutory rate applied is based on the profits tax rates in Hong Kong. Effective for tax years ended on or after December 31, 2018, the applicable tax rate was 8.25% on the first HK $2,000,000 of assessable profits and 16.5% on any assessable profits above that threshold. The 8.25% tax rate can only be utilized by one entity in a controlled group. All other Hong Kong entities in the Group utilize the 16.5% tax rate. The Singapore entity within the Group has an applicable tax rate of 17.0%. The entity in the United States within the Group has a federal tax rate of 21.0%.
[2]	The Group also has entities domiciled in the British Virgin Islands and the Cayman Islands, but such entities are not subject to income or capital gains taxes.

Income Taxes (Details) - Sche_6

Income Taxes (Details) - Schedule of components of the Group’s deferred tax assets - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset
Others	$ 1,477	$ 1,128	$ 677
Fixed assets	118
Net operating loss carryforwards	2,323,105	1,367,309	808,450
Less: Valuation allowance	$ (2,324,700)	(1,367,309)	$ (808,450)
Net deferred tax asset		$ 1,128

Commitments (Details)_2

Commitments (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Rent expenses	$ 348,000	$ 323,000

Commitments (Details) - Sched_2

Commitments (Details) - Schedule of future minimum payments under non-cancelable operating leases - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of future minimum payments under non-cancelable operating leases [Abstract]
2021	$ 272,089	$ 646,930
2022	208,970
2023	3,912	3,736
Total future minimum payments	$ 484,971	$ 860,222

Regulatory Requirements (Deta_2

Regulatory Requirements (Details) - Schedule of the minimum regulatory capital required and the actual amounts of capital maintained - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 10,503,319	$ 1,336,814
Capital Levels Maintained	14,927,333	10,914,773
Excess Net Capital	$ 4,424,014	$ 9,577,959
Percent of requirement Maintained	142.00%	816.00%
Lion International Securities Group Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 386,292	$ 386,927
Capital Levels Maintained	1,171,495	1,043,803
Excess Net Capital	$ 785,203	$ 656,876
Percent of requirement Maintained	303.00%	270.00%
Lion Futures Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 386,292	$ 386,927
Capital Levels Maintained	1,039,855	948,872
Excess Net Capital	$ 653,563	$ 561,945
Percent of requirement Maintained	269.00%	245.00%
Lion Asset Management Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 12,876	$ 12,898
Capital Levels Maintained	43,415	27,770
Excess Net Capital	$ 30,539	$ 14,872
Percent of requirement Maintained	337.00%	215.00%
BC Wealth Management Limited [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 12,876	$ 12,898
Capital Levels Maintained	177,081	468,279
Excess Net Capital	$ 164,205	$ 455,381
Percent of requirement Maintained	1375.00%	3631.00%
Lion Broker Limited (Cayman) [Member]
Regulatory Assets [Line Items]
Minimum Regulatory Capital Requirements	$ 9,704,983	$ 537,164
Capital Levels Maintained	12,495,487	8,426,049
Excess Net Capital	$ 2,790,504	$ 7,888,885
Percent of requirement Maintained	129.00%	1569.00%

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of operating segments - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 3,600,297	$ 6,430,516	$ 10,230,135	$ 18,526,850	$ 6,568,263
Commissions and fees	1,189,243	762,061	1,845,994	3,355,205	5,471,602
Compensation and benefits	2,383,547	1,486,160
Occupancy	347,660	323,224	683,160	591,936	548,331
Communication and technology	947,292	469,662	1,454,050	823,433	588,353
General and administrative	630,059	292,788
Crypto currencies	219,662
Professional fees	990,011	153,853	1,565,834	761,238	227,998
Service fees	2,474,122	231,785
Interest	942,264	79,343	183,157	731,812	118
Depreciation	279,680	21,992
Marketing	553,758	199,948	651,324	55,378	195,933
Payment service charge	292,630		245,030	355,585
Other operating expenses	19,474	32,502
Total operating expenses	11,269,402	4,053,318
Income (loss) from operations	(7,669,105)	2,377,198	(3,351,409)	8,280,824	(2,744,874)
Total segment assets	86,517,677	15,070,603	$ 22,906,069	$ 13,418,348	$ 15,672,761
Futures And Securities Brokerage Services [Member]
Segment Reporting Information [Line Items]
Revenue	1,212,222	617,242
Commissions and fees	814,295	387,439
Compensation and benefits	594,038	607,139
Occupancy		3,119
Communication and technology	224,232	208,672
General and administrative	40,133	34,396
Professional fees	773	800
Depreciation	1,476	10,484
Marketing	1,010	222
Other operating expenses	1,526	3,847
Total operating expenses	1,677,483	1,256,118
Income (loss) from operations	(465,261)	(638,876)
Total segment assets	4,412,577	3,793,041
Insurance Brokerage Services [Member]
Segment Reporting Information [Line Items]
Revenue	295,340	638,574
Commissions and fees	84,902	315,083
Compensation and benefits	135,183	135,312
Occupancy	119,301	142,052
Communication and technology	3,126	2,393
General and administrative	21,225	24,502
Marketing		222
Total operating expenses	363,737	619,564
Income (loss) from operations	(68,397)	19,010
Total segment assets	182,524	214,252
Market making (CFD) trading and other [Member]
Segment Reporting Information [Line Items]
Revenue	2,949,525	5,126,239
Commissions and fees	290,046	59,539
Occupancy	4,200	3,600
Communication and technology	563,526	257,311
General and administrative	164,709	105,853
Professional fees	190,128	112,506
Service fees	2,311,018	119,379
Interest	109,268	4,989
Depreciation	266,666
Marketing	55,000	105,013
Payment service charge	292,630
Other operating expenses		19,309
Total operating expenses	4,247,191	787,499
Income (loss) from operations	(1,297,666)	4,338,740
Total segment assets	63,259,609	7,987,408
Other [Member]
Segment Reporting Information [Line Items]
Revenue	(856,790)	48,461
Compensation and benefits	1,654,326	743,709
Occupancy	224,159	174,453
Communication and technology	156,408	1,286
General and administrative	403,992	128,037
Crypto currencies	219,662
Professional fees	799,110	40,547
Service fees	163,104	112,406
Interest	832,996	74,354
Depreciation	11,538	11,508
Marketing	497,748	94,491
Other operating expenses	17,948	9,346
Total operating expenses	4,980,991	1,390,137
Income (loss) from operations	(5,837,781)	(1,341,676)
Total segment assets	$ 18,662,967	$ 3,075,902