$LGHL
Lion Group Holding Ltd
CIK:0001806524|SEC Filings
Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Revenues (losses) | |||||
| Commissions fees income | $ 2,583 | $ 1,239,621 | $ 7,023,813 | ||
| Interest income | 173,414 | 692,963 | 2,424,676 | ||
| Trading gains (loss) | 785,370 | (32,526,874) | 10,479,504 | ||
| Staking reward from digital assets | 45,294 | ||||
| Other income | 8,383,990 | 25,728,209 | 1,163,251 | ||
| Total (loss) revenue | 9,390,651 | (4,866,081) | 21,091,244 | ||
| Expenses and others | |||||
| Commissions and fees | 1,938 | 955,819 | 3,418,398 | ||
| Custodian and other fees for digital assets | 196,211 | ||||
| Compensation and benefits | 1,659,252 | 3,264,093 | 4,099,852 | ||
| Occupancy | 154,836 | 747,750 | 870,254 | ||
| Communication and technology | 1,548,701 | 3,390,517 | 3,059,462 | ||
| General and administrative | 603,217 | 878,494 | 1,432,148 | ||
| Professional fees | 1,794,262 | 4,451,834 | 3,407,365 | ||
| Services fees | 578,037 | 1,888,700 | 2,352,832 | ||
| Interest | 2,130,850 | 821,932 | 2,413,102 | ||
| Depreciation and amortization | 2,391,204 | 2,435,712 | 1,795,011 | ||
| Marketing | 77,834 | 3,598,849 | 4,196,795 | ||
| Change in fair value of warrant liabilities | (123,188) | 13,501 | (565,313) | ||
| Change in fair value of digital assets | 3,118,099 | ||||
| Investment loss on digital assets | 312,659 | ||||
| Other operating (income) expenses, net | (85,987) | 240,378 | 437,329 | ||
| Total expenses | 14,357,925 | 22,687,579 | 26,917,235 | ||
| Loss before income taxes | (4,967,274) | (27,553,660) | (5,825,991) | ||
| Income tax expense | (1,002) | (1,245) | (1,058) | ||
| Net loss | (4,968,276) | (27,554,905) | (5,827,049) | ||
| Less: net loss attributable to non-controlling interests | (11,541) | (105,409) | (568,041) | ||
| Net loss attributable to LGHL | (4,956,735) | (27,449,496) | (5,259,008) | ||
| Deemed dividend on the effect of the down round features | (2,916,000) | (429,000) | (6,112,000) | ||
| Deemed dividend on the effect of the warrant modification | (612,000) | (3,086,000) | |||
| Net loss attributable to LGHL ordinary shareholders | $ (8,484,735) | $ (27,878,496) | $ (14,457,008) | ||
| Loss per share - basic (in Dollars per share) | [1] | $ (29.12) | $ (1,701.75) | $ (3,859.21) | |
| Loss per share - diluted (in Dollars per share) | [1] | (29.12) | (1,701.75) | (3,859.21) | |
| Class A and Class B Ordinary Shares | |||||
| Expenses and others | |||||
| Loss per share - basic (in Dollars per share) | [1] | 0 | (0.05) | (0.12) | |
| Loss per share - diluted (in Dollars per share) | [1] | $ 0 | $ (0.05) | $ (0.12) | |
| Class A Ordinary Shares | |||||
| Expenses and others | |||||
| Weighted average ordinary shares outstanding - basic (in Shares) | [1] | 9,279,404,647 | 486,571,757 | 108,269,640 | |
| Weighted average ordinary shares outstanding - diluted (in Shares) | [1] | 9,279,404,647 | 486,571,757 | 108,269,640 | |
| Class B Ordinary Shares | |||||
| Expenses and others | |||||
| Weighted average ordinary shares outstanding - basic (in Shares) | [1] | 189,307,467 | 45,849,876 | 13,478,813 | |
| Weighted average ordinary shares outstanding - diluted (in Shares) | [1] | 189,307,467 | 45,849,876 | 13,478,813 | |
| |||||
Consolidated Balance Sheets - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 20,124,296 | $ 16,934,202 |
| Restricted cash-bank balances held on behalf of customers | 233,049 | 490,666 |
| Stable coins | 22 | |
| Digital assets | 1,951,506 | |
| Financial assets measured at fair value | 1,870,492 | |
| Securities owned, at fair value | 8,644 | 2,423 |
| Receivables from broker-dealers and clearing organizations | 1,274,552 | 1,045,234 |
| Prepaids, deposits and others | 771,897 | 171,732 |
| Total current assets | 26,234,458 | 18,644,257 |
| Non-current Assets | ||
| Digital assets, non-current | 13,235,215 | |
| Property and equipment, net | 15,026,137 | 17,406,606 |
| Long-term investment | 16,281 | |
| Right-of-use assets | 106,530 | 205,532 |
| Other assets | 27,226 | 110,951 |
| Total non-current assets | 28,411,389 | 17,723,089 |
| Total Assets | 54,645,847 | 36,367,346 |
| Current Liabilities | ||
| Payables to customers | 948,449 | 18,923,712 |
| Payables to broker-dealers and clearing organizations | 1,190,616 | 818,582 |
| Accrued expenses and other payables | 4,074,750 | 4,680,129 |
| Short-term borrowings | 109,982 | 3,259,981 |
| Lease liability – current | 60,066 | 152,134 |
| Total current liabilities | 6,383,863 | 27,834,538 |
| Non-current Liabilities | ||
| Convertible debentures | 18,029,309 | 1,157,057 |
| Obligation to deliver digital assets | 5,183,110 | |
| Lease liability – noncurrent | 51,213 | 55,582 |
| Other current liabilities | 2,671,330 | |
| Warrant liabilities | 123,188 | |
| Total non-current liabilities | 25,934,962 | 1,335,827 |
| Total Liabilities | 32,318,825 | 29,170,365 |
| Commitments and Contingencies | ||
| Equity | ||
| Preferred shares, $0.0001 par value, 2,500,000,000 shares authorized | ||
| Subscription receivable | (49,637) | |
| Additional paid in capital | 82,757,154 | 77,917,463 |
| Accumulated deficit | (72,158,102) | (67,201,367) |
| Accumulated other comprehensive losses | (130,259) | (312,081) |
| Total LGHL shareholders’ equity | 25,634,651 | 10,538,677 |
| Non-controlling interest | (3,307,629) | (3,341,696) |
| Total Equity | 22,327,022 | 7,196,981 |
| Total Liabilities and Equity | 54,645,847 | 36,367,346 |
| Class A Ordinary Shares | ||
| Equity | ||
| Ordinary shares, value | 15,084,703 | 177,760 |
| Class B Ordinary Shares | ||
| Equity | ||
| Ordinary shares, value | $ 81,155 | $ 6,539 |