Security
MMTec, Inc. Common Shares · MTC
MTCNASDAQCommon stockCurrentCIK 1742518Updated Oct 6, 2026
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MMTec: Now We've Even Seen A 100% Revenue Drop ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| AssetsUSD | 16,647,175Source | 20,299,963Source | — | 18,418,405Source | 65,906,857Source | 156,987,220Source | 11,415,507Source |
| Property, Plant and Equipment, NetUSD | 6,452Source | 66,595Source | — | 2,506Source | 85,849Source | 129,072Source | 184,423Source |
| GoodwillUSD | — | — | — | 108,218,586Source | 108,218,586Source | 108,218,586Source | — |
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,507,161Source | 10,189,444Source | — | 8,185,502Source | 2,869,241Source | 1,759,786Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | 92,040Source | — |
| Assets, CurrentUSD | 6,754,018Source | 10,403,141Source | — | 8,363,307Source | 3,020,546Source | 3,023,537Source | 9,035,211Source |
| Prepaid Expense and Other Assets, CurrentUSD | 242,855Source | 205,648Source | — | 169,716Source | 143,265Source | 415,725Source | 172,205Source |
| Operating Lease, Right-of-Use AssetUSD | 367,572Source | 233,969Source | — | 507,251Source | 436,937Source | 645,420Source | 1,055,127Source |
| LIABILITIES AND EQUITY | |||||||
| LiabilitiesUSD | 3,684,438Source | 40,122,279Source | — | 3,899,248Source | 39,303,692Source | 34,622,814Source | 2,031,156Source |
| Stockholders’ equity: | |||||||
| Common Stock, Value, IssuedUSD | 7,967,024Source | 2,014,949Source | — | 7,967,024Source | 2,014,949Source | 1,991,451Source | 51,451Source |
| Additional Paid in CapitalUSD | — | — | — | — | — | — | 31,727,407Source |
| Retained Earnings (Accumulated Deficit)USD | -125,571,521Source | -114,348,239Source | — | -123,994,872Source | -67,919,627Source | 26,705,053Source | -22,253,030Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -160,985Source | -198,360Source | — | -181,214Source | -201,491Source | -271,101Source | -141,477Source |
| Stockholders' Equity Attributable to ParentUSD | 12,962,737Source | -19,822,316Source | 94,698,480Source | 14,519,157Source | — | 122,364,406Source | 9,384,351Source |
| Additional Paid in Capital, Common StockUSD | 130,728,219Source | 92,709,334Source | — | 130,728,219Source | 92,709,334Source | 92,509,003Source | — |
| Liabilities and EquityUSD | 16,647,175Source | 20,299,963Source | — | 18,418,405Source | 65,906,857Source | 156,987,220Source | 11,415,507Source |
| Current liabilities: | |||||||
| Liabilities, CurrentUSD | 599,103Source | 7,904,774Source | — | 669,202Source | 7,320,692Source | 1,993,948Source | 1,173,923Source |
| Operating Lease, Liability, CurrentUSD | 284,051Source | 206,877Source | — | 290,703Source | 383,153Source | 373,860Source | 405,591Source |
| Operating Lease, Liability, NoncurrentUSD | 35,327Source | — | — | 180,046Source | 41,170Source | 266,763Source | 647,983Source |
| Additional Financial Items | |||||||
| Accrued Liabilities, CurrentUSD | — | — | — | — | 83,700Source | 125,550Source | 125,550Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | — | — | — | 405,591Source |
cash flow · annual statements
| Line item | Q4 2019 | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -56,075,245Source | -91,168,280Source | 48,875,781Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source |
| Changes in operating assets and liabilities: | |||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | -92,040Source | -108,302Source | 104,027Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | -3,693,655Source | 722,853Source | -5,151,508Source | -5,590,567Source |
| Cash flows from investing activities: | |||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 1,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | 9,000,000Source | 629,540Source | -86,538,549Source | -3,544,105Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | 5,036Source | 970Source | 3,792Source |
| Cash flows from financing activities: | |||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | -241,750Source | 89,666,750Source | 1,750,140Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | 5,316,261Source | 1,109,455Source | -2,050,411Source | -7,380,743Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 10,189,444Source | 3,043,900Source | — | 1,759,786Source | 1,775,066Source | — |
| Supplemental disclosure of cash flow information: | |||||||
| Income Taxes Paid, NetUSD | — | — | — | 36,501Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 9,916Source | -1,188Source | -27,104Source | 3,789Source |
| Additional Financial Items | |||||||
| DepreciationUSD | — | — | — | 83,928Source | 46,759Source | 45,782Source | 66,428Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -3,376Source | 7,252Source | 4,723Source | 146,501Source |
| GoodwillUSD | — | — | — | 108,218,586Source | 108,218,586Source | 108,218,586Source | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 1,007,652Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -56,075,245Source | -91,168,280Source | -4,391,980Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | 53,267,761Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | 439,111Source | -5,645,376Source |
| Income Tax Expense (Benefit)USD | — | — | — | 8,973Source | 24,525Source | — | — |
| InterestExpenseNonoperatingUSD | — | — | — | 8,685,630Source | 2,422,292Source | — | — |
| Investment Income, InterestUSD | — | — | — | 1,594,736Source | 4,500,977Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -56,075,245Source | -91,168,280Source | 48,958,083Source | -5,645,376Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | — | -82,302Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -56,075,245Source | -91,168,280Source | -4,391,980Source | -5,645,376Source |
| Nonoperating Income (Expense)USD | — | — | — | -52,264,012Source | -88,083,323Source | 448,357Source | 247,239Source |
| Operating ExpensesUSD | — | — | — | 3,976,760Source | 4,585,682Source | 5,537,324Source | 6,760,664Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | 6,366Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 1,750,140Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | 807,500Source | 1,868,333Source | 869,935Source | — |
income statement · annual statements
| Line item | Q4 2019 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Total RevenueUSD | — | 807,500Source | 1,868,333Source | 869,935Source | 1,099,133Source |
| Cost of Goods and Services Sold | — | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | — | -3,802,260Source | -3,060,432Source | -4,840,337Source | -5,892,615Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | 6,366Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | -56,066,272Source | -91,143,755Source | -4,391,980Source | — |
| Income Tax Expense (Benefit)USD | — | 8,973Source | 24,525Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | -82,302Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | -56,075,245Source | -91,168,280Source | 48,958,083Source | -5,645,376Source |
| Earnings Per Share, BasicUSD per share | — | — | — | — | -1.61Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | — | -1.61Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 53,562,569Source | 24,996,144Source | 105,243,671Source | 3,497,109Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | 53,562,569Source | 24,996,144Source | 105,243,671Source | 3,497,109Source |
| Interest Expense (non-operating)USD | — | 8,685,630Source | 2,422,292Source | — | — |
| Additional Financial Items | |||||
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | 66,428Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -3,376Source | 7,252Source | 4,723Source | 146,501Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 1,007,652Source |
| Gross ProfitUSD | — | 174,500Source | 1,525,250Source | 696,987Source | 868,049Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -56,075,245Source | -91,168,280Source | -4,391,980Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | -1.05Source | -3.65Source | -0.04Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | -1.05Source | -3.65Source | -0.04Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 53,267,761Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 439,111Source | -5,645,376Source |
| Interest ExpenseUSD | — | — | — | 746,410Source | — |
| Interest Income, OperatingUSD | — | 1,363,050Source | 4,470,940Source | — | 94,372Source |
| Interest Income, OtherUSD | — | — | — | 209,439Source | — |
| Investment Income, InterestUSD | — | 1,594,736Source | 4,500,977Source | — | — |
| Labor and Related ExpenseUSD | — | 1,909,154Source | 2,082,886Source | 2,512,781Source | 2,609,849Source |
| Marketing and Advertising ExpenseUSD | — | 342,816Source | 715,976Source | 901,319Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -56,075,245Source | -91,168,280Source | -4,391,980Source | -5,645,376Source |
| Nonoperating Income (Expense)USD | — | -52,264,012Source | -88,083,323Source | 448,357Source | 247,239Source |
| Operating ExpensesUSD | — | 3,976,760Source | 4,585,682Source | 5,537,324Source | 6,760,664Source |
| Other General and Administrative ExpenseUSD | — | — | 1,081,621Source | 1,091,950Source | 1,931,498Source |
| Other IncomeUSD | — | 4,955Source | 54,737Source | 940Source | — |
| Research and Development ExpenseUSD | — | 40,215Source | 73,285Source | 363,958Source | 828,869Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 807,500Source | 1,868,333Source | 869,935Source | — |
| Selling and Marketing ExpenseUSD | — | 342,816Source | 715,976Source | 901,319Source | 1,007,652Source |
Filing attachments
ea027464001ex99-1_mmtec.htm · 6-K · 2026-01-29
Exhibit 99.1 Assentsure PAC UEN – 201816648N 180B Bencoolen Street 03-01 The Bencoolen Singapore 189648 http://www.assentsure.com.sg January 29, 2026 United States Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: MMTEC, Inc. File No. 001-38766 Commissioners: We have read the Form 6-K of MMTEC, Inc. to be filed with the Securities and Exchange Commission dated January 29, 2026. We agree with all statements pertaining to us. We have…
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