2024 Q2 Form 20-F Financial Statement

#000121390024037425 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $869.9K $869.9K
YoY Change 137.86% -20.85%
Cost Of Revenue $173.0K $172.9K
YoY Change 43.42% -25.16%
Gross Profit $697.0K $697.0K
YoY Change 184.32% -19.71%
Gross Profit Margin 80.12% 80.12%
Selling, General & Admin $5.537M $5.537M
YoY Change 72.49% -18.09%
% of Gross Profit 794.46% 794.47%
Research & Development $364.0K
YoY Change -56.09%
% of Gross Profit 52.22%
Depreciation & Amortization $25.78K $45.78K
YoY Change -5.95% -31.08%
% of Gross Profit 3.7% 6.57%
Operating Expenses $5.537M $5.537M
YoY Change 72.49% -18.09%
Operating Profit -$4.840M -$4.840M
YoY Change 63.25% -17.86%
Interest Expense -$541.7K $746.4K
YoY Change -366.8% 209.88%
% of Operating Profit
Other Income/Expense, Net $550.9K $448.4K
YoY Change 14436.68% 81.35%
Pretax Income -$4.392M -$4.392M
YoY Change 59.23% -22.2%
Income Tax $0.00
% Of Pretax Income
Net Earnings $48.96M $48.96M
YoY Change -1875.01% -967.22%
Net Earnings / Revenue 5627.75% 5627.79%
Basic Earnings Per Share
Diluted Earnings Per Share $0.46 $0.46
COMMON SHARES
Basic Shares Outstanding 199.1M shares 105.2M shares
Diluted Shares Outstanding 105.2M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.760M $1.760M
YoY Change -54.0% -54.0%
Cash & Equivalents $1.760M $1.760M
Short-Term Investments
Other Short-Term Assets $239.8K $239.8K
YoY Change -39.35% 26.19%
Inventory
Prepaid Expenses
Receivables $92.04K
Other Receivables
Total Short-Term Assets $3.024M $3.024M
YoY Change -66.54% -66.54%
LONG-TERM ASSETS
Property, Plant & Equipment $129.1K $774.5K
YoY Change -30.01% -37.52%
Goodwill $108.2M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $138.9K $138.9K
YoY Change -87.82% -87.82%
Total Long-Term Assets $154.0M $154.0M
YoY Change 6368.26% 6368.25%
TOTAL ASSETS
Total Short-Term Assets $3.024M $3.024M
Total Long-Term Assets $154.0M $154.0M
Total Assets $157.0M $157.0M
YoY Change 1275.21% 1275.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.070M $125.6K
YoY Change 170.71% 0.0%
Accrued Expenses $125.6K $1.526M
YoY Change 0.0% 64.85%
Deferred Revenue
YoY Change
Short-Term Debt $241.8K $241.8K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.994M $1.994M
YoY Change 69.85% 69.85%
LONG-TERM LIABILITIES
Long-Term Debt $32.28M $32.28M
YoY Change
Other Long-Term Liabilities $350.5K $350.5K
YoY Change -59.12% -59.12%
Total Long-Term Liabilities $32.63M $32.63M
YoY Change 3706.3% 3706.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.994M $1.994M
Total Long-Term Liabilities $32.63M $32.63M
Total Liabilities $34.62M $34.62M
YoY Change 1604.59% 1604.58%
SHAREHOLDERS EQUITY
Retained Earnings $26.71M
YoY Change -220.01%
Common Stock $94.50M
YoY Change 183570.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $122.4M $122.4M
YoY Change
Total Liabilities & Shareholders Equity $157.0M $157.0M
YoY Change 1275.21% 1275.21%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $48.96M $48.96M
YoY Change -1875.01% -967.22%
Depreciation, Depletion And Amortization $25.78K $45.78K
YoY Change -5.95% -31.08%
Cash From Operating Activities -$2.132M -$5.152M
YoY Change 48.3% -7.85%
INVESTING ACTIVITIES
Capital Expenditures $970.00 $970.00
YoY Change -143.11% -74.42%
Acquisitions
YoY Change
Other Investing Activities $242.4K -$86.54M
YoY Change -106.85% 2344.35%
Cash From Investing Activities $241.5K -$86.54M
YoY Change -106.82% 2341.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.667M $89.67M
YoY Change -4.76% 5023.4%
NET CHANGE
Cash From Operating Activities -2.132M -$5.152M
Cash From Investing Activities 241.5K -$86.54M
Cash From Financing Activities 1.667M $89.67M
Net Change In Cash -223.3K -$2.050M
YoY Change -93.08% -72.22%
FREE CASH FLOW
Cash From Operating Activities -$2.132M -$5.152M
Capital Expenditures $970.00 $970.00
Free Cash Flow -$2.132M -$5.152M
YoY Change 48.6% -7.9%

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CY2022 us-gaap Increase Decrease In Deposit Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 mtc Cash And Cash Equivalents At Carrying Value Discontinued Operations
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CY2021Q4 mtc Cash And Cash Equivalents At Carrying Value Discontinued Operations
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CY2023Q4 mtc Cash Cash Equivalents And Restricted Cash From Continuing Operations
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CY2022Q4 mtc Cash Cash Equivalents And Restricted Cash From Continuing Operations
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CY2021Q4 mtc Cash Cash Equivalents And Restricted Cash From Continuing Operations
CashCashEquivalentsAndRestrictedCashFromContinuingOperations
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CY2023 mtc Acquisition Consideration Given Up By A Related Party
AcquisitionConsiderationGivenUpByARelatedParty
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CY2023 us-gaap Conversion Of Stock Amount Converted1
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CY2023 mtc Notes Receivable On Disposal Of Alpha Mind
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CY2021 us-gaap Proceeds From Sale Of Investment Projects
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 mtc Operating Lease Rightofuse Assets Obtained In Exchange For Operating Lease Liabilities
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CY2021 mtc Operating Lease Rightofuse Assets Obtained In Exchange For Operating Lease Liabilities
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CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Percentage
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0.751 pure
CY2019Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.751 pure
CY2020Q1 mtc Outstanding Securitiesconsideration
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CY2020Q1 mtc Outstanding Securities Percentage
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0.014 pure
CY2022 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
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1000000 usd
CY2023Q4 mtc Outstanding Securitiesconsideration
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CY2023 us-gaap Basis Of Accounting
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><span><b>NOTE 2 – <span style="text-decoration:underline">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with the rules and regulations of the U.S. Securities and Exchange Commission for financial information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The Company’s consolidated financial statements include the accounts of MMTEC and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.</p>
CY2023 us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The preparation of the consolidated 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates during the years ended December 31, 2023, 2022 and 2021 include the allowance for doubtful accounts, impairment of long-term investment and valuation of deferred tax assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "> </p>
CY2023Q4 us-gaap Cash
Cash
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CY2022Q4 us-gaap Cash
Cash
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CY2023 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentrations of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><span>T</span>he Company has operations carried out in China. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in China, and by the general state of China’s economy. The Company’s operations in China are subject to specific considerations and significant risks not typically associated with companies in North America. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p>
CY2023 mtc Schedule Property Plant And Equipment Estimated Useful Lives
SchedulePropertyPlantAndEquipmentEstimatedUsefulLives
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1.5pt; vertical-align: top"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Estimated useful life</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 79%; text-align: left">Office equipment and furniture</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">3 - 5 Years</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left">Leasehold improvement</td><td> </td> <td style="text-align: center">The lesser of remaining lease term or 2 - 3 Years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; vertical-align: top">Software</td><td> </td> <td style="text-align: center">1 - 3 Years</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left">Finance lease right-of-use asset</td><td> </td> <td style="text-align: center">4 Years</td></tr> </table>
CY2021Q1 mtc Percentage Of Value Added Tax
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CY2023 us-gaap Revenues
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Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023 us-gaap Research And Development Expense
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CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2023 us-gaap Marketing And Advertising Expense
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CY2022 us-gaap Marketing And Advertising Expense
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CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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CY2023 us-gaap Description Of Difference Between Reported Amount And Reporting Currency Denominated Amount
DescriptionOfDifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmount
The consolidated balance sheet amounts, with the exception of equity, as of December 31, 2023 and 2022, were translated at RMB 7.0827 to $1.00 and RMB 6.9646 to $1.00, respectively. Equity accounts were stated at their historical rates. The average translation rates applied to consolidated statements of operations and comprehensive income/ loss and cash flows for the years ended December 31, 2023, 2022 and 2021 were RMB 7.0467, RMB 6.7261, and RMB 6.4515 to $1.00, respectively.
CY2021 us-gaap Share Based Compensation
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2022 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3497109 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
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-1.62
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.9
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2023 us-gaap Fiscal Period
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><b>Fiscal Year End</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The Company has adopted a fiscal year end of December 31.</p>
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
996701 usd
CY2023Q4 mtc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Receivables Net
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CY2023Q4 mtc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Shortterm Investment
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
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CY2023Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
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CY2023Q4 mtc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Salary Payable
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CY2023Q4 mtc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Taxes Payable
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CY2023Q4 mtc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Advance From Customer
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
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CY2022Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2023Q3 us-gaap Loans Receivable With Fixed Rates Of Interest1
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CY2022Q3 us-gaap Payments To Acquire Notes Receivable
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2023Q3 us-gaap Other Borrowings
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CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
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CY2023Q4 us-gaap Conversion Of Stock Shares Issued1
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Income Tax Reconciliation Tax Credits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 mtc Effective Income Tax Rate Operating Loss Carryforward Valuation Allowance
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CY2022 mtc Effective Income Tax Rate Operating Loss Carryforward Valuation Allowance
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CY2021 mtc Effective Income Tax Rate Operating Loss Carryforward Valuation Allowance
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CY2023 mtc Effective Income Tax Rate Reconciliation Statutory Income
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CY2022 mtc Effective Income Tax Rate Reconciliation Statutory Income
EffectiveIncomeTaxRateReconciliationStatutoryIncome
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CY2021 mtc Effective Income Tax Rate Reconciliation Statutory Income
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2023 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To The Loss Prc Companies
EffectiveIncomeTaxRateReconciliationValuationAllowanceRecognizedWithRespectToTheLossPRCCompanies
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CY2022 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To The Loss Prc Companies
EffectiveIncomeTaxRateReconciliationValuationAllowanceRecognizedWithRespectToTheLossPRCCompanies
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CY2021 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To The Loss Prc Companies
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CY2023 mtc Effective Income Tax Rate Reconciliation Corporate Tax Rate
EffectiveIncomeTaxRateReconciliationCorporateTaxRate
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CY2022 mtc Effective Income Tax Rate Reconciliation Corporate Tax Rate
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CY2021 mtc Effective Income Tax Rate Reconciliation Corporate Tax Rate
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CY2023 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To Loss In Us Companies
EffectiveIncomeTaxRateReconciliationValuationAllowanceRecognizedWithRespectToLossInUsCompanies
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2022 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To Loss In Us Companies
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CY2021 mtc Effective Income Tax Rate Reconciliation Valuation Allowance Recognized With Respect To Loss In Us Companies
EffectiveIncomeTaxRateReconciliationValuationAllowanceRecognizedWithRespectToLossInUsCompanies
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 mtc Deferred Tax Assets Cutoff Adjustments
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CY2021Q4 mtc Deferred Tax Assets Cutoff Adjustments
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Operating Loss Carryforwards
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021Q3 us-gaap Stock Issued During Period Shares Issued For Services
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CY2021Q3 us-gaap Stock Issued During Period Value Issued For Services
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CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2022Q4 us-gaap Shares Issued Price Per Share
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CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2023Q1 us-gaap Sale Of Stock Price Per Share
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CY2023Q2 us-gaap Conversion Of Stock Amount Converted1
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The Company leases office space under non-cancelable operating lease agreements, which end at various dates in 2024 and 2025.
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CY2023 us-gaap Operating Lease Cost
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CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2022 us-gaap Gross Profit
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CY2021 us-gaap Gross Profit
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CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
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CY2023Q4 us-gaap Assets
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U.S. GAAP
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CY2022Q4 us-gaap Convertible Long Term Notes Payable
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CY2023Q4 us-gaap Commitments And Contingencies
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CY2022Q4 us-gaap Commitments And Contingencies
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CY2023Q4 us-gaap Minority Interest
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CY2022Q4 us-gaap Minority Interest
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CY2022 us-gaap General And Administrative Expense
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CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2022 us-gaap Interest Expense
InterestExpense
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CY2021 us-gaap Interest Expense
InterestExpense
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CY2022 mtc Recovery Of Impairmentimpairment Loss On Longterm Investment
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CY2022 mtc Recovery Of Bad Debt Allowance On Loan Receivable
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CY2021 mtc Recovery Of Bad Debt Allowance On Loan Receivable
RecoveryOfBadDebtAllowanceOnLoanReceivable
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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