XML 50 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract] |
Schedule of Estimated Useful Lives |
|  | Estimated useful life
Office equipment and furniture |  | 3 - 5 Years
Leasehold improvement |  | The lesser of remaining lease term or 2 - 3 Years
Software |  | 1 - 3 Years
Finance lease right-of-use asset |  | 4 Years
Schedule of Disaggregate the Revenue | The following table disaggregates the Company’s revenue by revenue type:
|  | For the Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Consulting services |  | $ | 800,000 |  |  | $ | - |  |  | $ | - |
Software development and post-contract maintenance |  |  | 24,098 |  |  |  | 676,049 |  |  |  | - |
Placement agent services |  |  | 45,837 |  |  |  | 372,677 |  |  |  | - |
Market data services |  |  | - |  |  |  | 20,619 |  |  |  | 107,184 |
Commissions |  |  | - |  |  |  | - |  |  |  | 390,569 |
Fund management services |  |  | - |  |  |  | - |  |  |  | 69,078 |
Other revenue |  |  | - |  |  |  | 4,006 |  |  |  | 1,789 |
Total revenues |  | $ | 869,935 |  |  | $ | 1,073,351 |  |  | $ | 568,620 |
Schedule of Disaggregate the Company's Revenue Geographic Area | The following table disaggregates the Company’s revenue by geographic area:
|  | For the Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
China |  | $ | 824,098 |  |  | $ | 696,668 |  |  | $ | 176,262 |
United States |  |  | 45,837 |  |  |  | 376,683 |  |  |  | 392,358 |
Total revenues |  | $ | 869,935 |  |  | $ | 1,073,351 |  |  | $ | 568,620 |
Schedule of Earnings Per Share, Basic and Diluted |
|  | Year Ended December 31, 2023 |  |  | Year Ended December 31, 2022 |  |  | Year Ended December 31, 2021 |
Net loss from continuing operations for basic and diluted net loss per share of common stock |  | $ | (4,391,980 | ) |  | $ | (5,664,379 | ) |  | $ | (7,117,307 | )
Net income from discontinued operations for basic and diluted net income per share of common stock |  | $ | 53,267,761 |  |  | $ | 19,003 |  |  | $ | 66,552 |
Weighted average common stock outstanding – basic and diluted * |  |  | 105,243,671 |  |  |  | 3,497,109 |  |  |  | 2,450,447 |
Net loss per common share from continuing operations - basic and diluted* |  | $ | (0.04 | ) |  | $ | (1.62 | ) |  | $ | (2.90 | )
Net income per common share from discontinued operations - diluted and diluted* |  | $ | 0.51 |  |  | $ | 0.01 |  |  | $ | 0.02 |
* | After giving effect to the reverse stock split effected on July 13, 2022. Also see Note 15.

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References No definition available. + Details
Name: | mtc_SchedulePropertyPlantAndEquipmentEstimatedUsefulLives
Namespace Prefix: | mtc_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration