UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2024

Commission File Number: 001-38766

MMTEC, INC.

(Translation of registrant’s name into English)

Room 2302, 23rd Floor ~~FWD Financial Center 308 Des Voeux Road Central Sheung Wan, Hong Kong Tel: +852 36908356~~

FWD Financial Center

308 Des Voeux Road Central

Sheung Wan, Hong Kong

Tel: +852 36908356

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:.

Form 20-F ☒ Form 40-F ☐

~~EXPLANATORY~~Amendment to ~~NOTE~~Senior Convertible Promissory Note

~~This~~As previously ~~Report~~reported, ~~of Foreign Private Issuer~~ on ~~Form 6-K~~March ~~filed~~31, by2023, ~~MMtec~~MMTEC, Inc. (~~together with our subsidiaries, unless~~ the ~~context indicates otherwise,~~ “~~we,” “us,” “our,” or the “~~Company”) ~~contains~~commenced ~~forward-looking~~a ~~statements~~registered ~~within~~direct ~~the meaning of Section 27A of the Securities~~offering ~~Act~~ of ~~1933,~~Senior asConvertible ~~amended,~~Promissory ~~and~~Notes ~~Section~~with ~~21E~~an ofinstitutional ~~the~~investor ~~Securities Exchange Act of 1934, as amended. These statements relate to future events or~~ (the ~~Company’s future financial performance. The Company has attempted to identify forward-looking statements by terminology including~~ “~~anticipates,~~Purchaser”) ~~“believes,”~~pursuant ~~“expects,”~~to ~~“can,”~~a ~~“continue,” “could,”~~securities ~~“estimates,”~~purchase ~~“intends,”~~agreement ~~“may,”~~(the “~~plans,~~Agreement”) ~~“potential,”~~of ~~“predict,” “should” or “will” or~~ the ~~negative~~same ofdate. ~~these~~Pursuant ~~terms~~to orthe ~~other~~Agreement, ~~comparable~~the ~~terminology.~~Purchaser ~~These~~purchased ~~statements are only predictions,~~Senior ~~uncertainties~~Convertible ~~and~~Promissory ~~other~~Notes ~~factors~~(the ~~may~~“Notes”) ~~cause~~in the ~~Company’s~~aggregate ~~actual~~original ~~results,~~principal ~~levels~~amount of ~~activity,~~$70 ~~performance,~~million oron ~~achievements to be materially~~March ~~different from any future results~~31, ~~levels~~2023 orfor ~~activity,~~a ~~performance,~~purchase orprice ~~achievements~~of ~~expressed~~$56 ~~or implied by these forward-looking statements~~million. ~~The~~ ~~information~~As ~~in this Report on Form 6-K is not intended to project future performance~~ of the ~~Company.~~date ~~Although~~of ~~the~~this ~~Company~~report, ~~believes that~~Notes ~~the expectations reflected~~ in the ~~forward-looking~~aggregate ~~statements~~principal ~~are~~amount ~~reasonable,~~of ~~the Company does not guarantee future results, levels~~approximately of$36.4 ~~activity,~~million ~~performance,~~remain ~~or achievements~~outstanding. The ~~Company~~Notes ~~expectations~~will ~~are~~mature ason of the ~~date~~second ~~this~~anniversary ~~Form 6-K is filed, and the Company does not intend to update any~~ of ~~the~~their ~~forward-looking~~issuance ~~statements after the~~ date, ~~this~~or ~~Report~~March ~~on Form 6-K is filed to confirm these statements to actual results~~31, ~~unless required by law~~2025.

On December 26, 2024, the Company entered into an agreement with the Purchaser (the “Extension Agreement”) pursuant to which the Company and the Purchaser mutually agreed to extend the term of the Notes from two years to six years from the issuance date, or March 31, 2029, and to amend the interest rate of the Notes from 8% per annum to 2% per annum. The other provisions of the Notes remain unchanged.

The foregoing description is qualified in its entirety by reference to the full text of the Extension Agreement, a copy of each of which is filed as Exhibit 4.1 hereto and is incorporated herein by reference.

Financial Statements and Exhibits

Exhibits.

Exhibit No.		Description
4.1		Extension Agreement dated December 26, 2024

~~First Half Year of 2024 Financial Highlights~~SIGNATURES

● Revenues decreased by 100% from approximately $2.86 million to nil, as a result of the disposal of Alpha Mind Technology Limited (“Alpha Mind”) on December 28, 2023, an insurance agency and insurance technology company. Due to the business adjustment in the last year, the Company did not generate revenue for the first half of 2024, and expected to remain focus on investment banking business in the future.

● Gross profit decreased by 100% from approximately $0.13 million to nil, compared to the same period in 2023.

● Loss from operations was approximately $2.3 million, compared to approximately $3.09 million for the same period in 2023. The increase was primarily attributable to the increase in allowance for credit losses on notes receivable in the first half of 2024.

● Net loss was approximately $28.37 million, compared to a net loss of approximately $4.42 million for the same period of 2023. The increase in net loss is mainly attributable to the increase in allowance for expected credit losses on notes receivable of approximately $25.51 million.

● Loss per share on a basic and a fully diluted basis was $0.14 for the six months ended June 30, 2024, compared to a loss per share on a basic and fully diluted basis of $0.07 for the same period in 2023.

Operating Results for Six Months Ended June 30, 2024

Revenue

The following tables illustrate the Company’s revenue by revenue type:

	For the Six Months Ended June 30,
	2024		2023
	US$		US$
Insurance agency services		-		2,794,364
Placement agent services		-		37,578
Software sales		-		24,507
Total revenue		-		2,856,449

Cost of Revenue

Cost of revenue primarily consists of commissions paid to distribution channels, internal labor costs and related benefits, and other overhead costs that are directly attributable to services provided.

Cost of revenue decreased from approximately $2.73 million to nil for the six months ended June 30, 2024, compared to the same period last year. The decrease in cost of revenue is directly linked to the disposal of the insurance agency business.

Gross Profit and Gross Margin

Gross profit was nil for the six months ended June 30, 2024, compared to gross profit of $0.13 million and gross profit margin of 4.4% for the same period in 2023. The decrease in gross profit is primarily attributed to the disposal of the insurance agency business, which mainly collected commissions from selling insurance products as compensation for its agency services. Due to the business adjustment in the last year, the Company did not generate revenue for the first half of 2024, and expected to remain focus on investment banking business in the future.

Operating Expenses

During the six months ended June 30, 2024 and 2023, respectively, operating expenses included selling and marketing, payroll and related benefits, professional fees, and other general and administrative expenses.

Selling and Marketing Costs

All costs related to selling and marketing are expensed as incurred. Selling and marketing costs decreased by approximately $0.64 million, or 63.7%, to approximately $0.37 million for the six months ended June 30, 2024 from approximately $1.01 million for the same period last year. The decrease was mainly attributed to the disposal of the insurance agency business, as the Company had not incurred any selling and marketing expenses on for the insurance agency services for the first half of 2024.

Payroll and Related Benefits

Payroll and related benefits were approximately $0.96 for the six months ended June 30, 2024, compared to approximately $1.19 million for the six months ended June 30, 2023, a decrease of $0.23 million, or 19.2%. The decrease was mainly attributed to the personnel changes in the Company and the disposal of Alpha Mind.

Professional Fees

For the six months ended June 30, 2024 and 2023, professional fees primarily consisted of audit fees, legal service fees, financial consulting fees and other fees associated with being a public company. Professional fees totaled approximately $0.46 million for the six months ended June 30, 2024, compared to approximately $0.52 million for the six months ended June 30, 2023, a decrease of $0.06 million, or 10.7%.

Other General and Administrative Expenses

For the six months ended June 30, 2024 and 2023, other general and administrative expenses were approximately $0.51 million and $0.50 million, respectively, which represents an increase of $0.01, or 2.3%.

Loss from Operations

For the six months ended June 30, 2024, loss from operations was approximately $2.3 million, compared to a loss from operations of approximately $3.09 million for the six months ended June 30, 2023, a decrease of $0.79 million, or 25.5%, which was mainly attributable to the decrease in selling and marketing expenses and payroll and related benefits.

Other Income (Expense)

Other income (expense) includes interest income from bank deposits, interest income from promissory notes receivable, interest expense from convertible promissory notes, allowance for credit losses - notes receivable, other income, and foreign currency transaction gain (loss). Other expenses totaled approximately $26.07 million for the six months ended June 30, 2024, compared to other expense of approximately $1.33 million for the six months ended June 30, 2023, an increase of $24.74 million which was mainly attributable to the increase in allowance for credit losses on the Company’s notes receivable.

Income Taxes

We did not have any income tax expense for the six months ended June 30, 2024, as we did not generate any taxable income during this period, while the income tax was $1,737 for the six months ended June 30, 2023, which was attributable to the insurance agency business acquired by the Company.

Net Loss

As a result of the factors described above, our net loss was approximately $28.37 million, or $0.14 per share (basic and diluted), for the six months ended June 30, 2024. Our net loss was approximately $4.42 million, or $0.07 per share (basic and diluted), for the six months ended June 30, 2023.

Foreign Currency Translation Adjustment

Our reporting currency is the U.S. dollar. The functional currency of MMTEC, INC., MM Future Technology Limited, HC Securities (HK) Limited, MMBD Trading Limited, MM Global Securities, INC, is the U.S. dollar. The functional currency of Gujia (Beijing) Technology Co., Ltd, and Haichuan Zhixin (Beijing) Technology Co., Ltd is the Chinese Renminbi (“RMB”). The financial statements of the Company’s subsidiaries whose functional currency is the RMB are translated to U.S. dollars using period-end exchange rates for assets and liabilities, average exchange rate for revenue and expenses and cash flows, and historical exchange rates for equity. Net gains and losses resulting from foreign exchange transactions are included in the results of operations. As a result of foreign currency translations, which are a non-cash adjustment, we reported a foreign currency translation gain of $73,561 and a foreign currency translation loss of $80,926 for the six months ended June 30, 2024 and 2023, respectively. This non-cash loss had the effect of increasing our reported comprehensive loss.

Comprehensive Loss

As a result of our foreign currency translation adjustment, we had a comprehensive loss of approximately $28.3 million and $4.4 million for the six months ended June 30, 2024 and 2023, respectively.

Financial Condition

As of June 30, 2024, the Company had cash of approximately $3.04 million, compared to approximately $1.76 million as of December 31, 2023. Total working capital was negative $4.06 million as of June 30, 2024, compared to working capital of negative $2.43 million as of December 31, 2023.

Net cash used in operating activities for the six months ended June 30, 2024 was approximately $1.89 million, compared to net cash used in operating activities of $3.02 million for the same period last year. Net cash provided by investing activities was approximately $0.63 million for the six months ended June 30, 2024, compared to approximately $86.78 million for the same period last year. Cash provided by financing activities was $2.55 million for the six months ended June 30, 2024, compared to $88.0 million for the same period of last year.

As an entity that operates in the financial industry in China and the United States, the Company finds itself subject to the challenges posed by the ongoing tension in the trade relations between the countries.

Restatements

The Company has amended and restated its December 31, 2023 audited condensed consolidated financial statements, and June 30, 2023 unaudited condensed consolidated financial statements. In November 2024, the management conducted a review on the computing of interest expense of convertible promissory note in the aggregate original principal amount of $70 million issued on March 31, 2023. As a result of this review, it was concluded that there were accounting errors in the previously filed financial statements, the interest expense and accrued interest as of December 31, 2023 was understated by approximately $3.46 million. Meanwhile, the Company identified an error in the calculation of the weighted average number of common shares outstanding for the period ended June 30, 2023. The resulting corrections are noted in the adjustments column in the following tables.

The December 31, 2023 audited condensed consolidated financial statements were restated to correct errors in accounting for accrued liabilities and other payables, and retained earnings.

The following table summarizes changes made to the December 31, 2023 audited consolidated balance sheets:

	December 31, 2023
	As reported		Adjustment			As restated
Balance Sheet:
Accrued liabilities and other payables	$	1,070,270	$	3,456,400			4,526,670
Total Liabilities		34,622,814		3,456,400			38,079,214
Retained Earnings		26,705,053		(3,456,400	)		23,248,653
Total shareholders’ equity attributable to MMTEC, INC.		122,364,406		(3,456,400	)		118,908,006
Total liabilities and shareholders’ equity	$	156,987,220	$	-		$	156,987,220

The June 30, 2023 unaudited condensed consolidated financial statements were restated to correct errors in accounting for interest expense.

The following table summarizes changes made to the June 30, 2023 unaudited consolidated statements of operations and comprehensive loss:

	June 30, 2023
	As Reported			Adjustment			As Restated
Interest expense	$	(11,425,657	)		10,025,469			(1,400,188	)
NET LOSS		(14,445,066	)		10,025,469			(4,419,597	)
NET LOSS ATTRIBUTABLE TO MMTEC, INC.	$	(14,377,372	)	$	10,025,469		$	(4,351,903	)
NET LOSS PER COMMON SHARE:
Basic		(0.46	)		0.39			(0.07	)
Diluted		(0.30	)		0.23			(0.07	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic		31,154,116			35,307,362			66,461,478
Diluted		83,411,491			(16,950,013	)		66,461,478

The following table summarizes changes made to the June 30, 2023 unaudited consolidated statements of cash flows:

	June 30, 2023
	As Reported			Adjustment			As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(14,445,066	)	$	10,025,469		$	(4,419,597	)
Adjustments to reconcile net loss from operations to net cash used in operating activities:
Imputed interest expense		11,425,469			(10,025,469	)		1,400,000
NET CASH USED IN OPERATING ACTIVITIES:	$	(3,017,565	)	$	-		$	(3,017,565	)

Shares Authorized and Issued

There were 199,145,041 common shares issued and outstanding as of June 30, 2024.

Legal Proceedings

In the normal course of business, MM Global Securities, INC (“MM Global”) is engaged in various trading and brokerage activities on a principal and agency basis through a clearing broker. As a regulated FINRA broker-dealer, MM Global is subject to regulatory trading inquiries and investigations to determine whether any violations of federal securities or FINRA rules may have occurred. As such, MM Global has responded to FINRA inquires. MM Global submitted a Letter of Acceptance, Waiver, and Consent for the purpose of proposing a settlement of the alleged rule violations on September 9, 2022. Without admitting or denying the findings by FINRA related to Case Number 2019062623, the Company was censured and fined $450,000. Two individuals’ registration capacities were suspended for 45 days, fined $20,000 and $5,000, respectively. The Company elected to pay the fine via a 36 months’ installment plan with a $38,250 installment fee. As of June 30, 2024, the Company has a total unpaid balance of $146,475, recorded as “Accrued liabilities and other payables” for the current portion and “Accrued Liabilities, Non-current” for the non-current portion in consolidation financial statement.

Other than MM Global, we are currently not involved in any legal proceedings; nor are we aware of any claims that could have a material adverse effect on our business, financial condition, results of operations or cash flows.

Recent Developments

On February 16, 2024, the Company incorporated HAI TEC INC. (“HAI TEC”) under the laws of the BVI, to serve as a holding company for the equity interest in our operating subsidiaries in China and other countries and regions. HAI TEC is a wholly-owned subsidiary of MMTEC.

On April 26, 2024, the Company signed a “Share Transfer Commitment Letter for Secured Promissory Note” (the “Commitment Letter”) with XChange TEC.INC (formerly known as “FLJ Group Limited”) (“XChange”). Pursuant to the Commitment Letter, XChange reaffirmed its promise to pay the principal sum of $153,000,000 under the Secured Promissory Note, dated December 28, 2023, made by XChange to the order of the Company, together with interest on the unpaid note on or prior to June 30, 2024. In addition, pursuant to the Commitment Letter, if XChange fails to pay the amounts due pursuant to the Secured Promissory Note, the Company will have the right to convert the unpaid principal and accrued interest under the note to shares of XChange at a discount of between 20% and 70% of the market price of such shares. As of the reporting date, XChange repaid a total $841,058 in principal under the Note. On August 7, 2024, the Company and XChange agreed to extend the maturity date of the remaining note, and accrued unpaid interest to December 31, 2024. As of June 30, 2024, the Company established an allowance for credit losses on the notes receivable of approximately $25.51 million, the net carrying amount of the notes receivable is approximately $128.98 million.

On May 31, 2023, the Company and the holder of those certain Senior Convertible Promissory Notes issued by the Company on March 31, 2023 (the “2023 Notes”) agreed to extend the maturity date of the 2023 Notes from March 31, 2025 to March 31, 2029, with interest accruing at a simple rate of 2% per annum on the outstanding balance of the 2023 Notes.

RESTATED UNAUDITED CONDENSED CONSOLIDATED FINANCIAL DATA

MMTEC, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(IN U.S. DOLLARS)

(UNAUDITED)

	As of
	June 30, 2024			December 31, 2023
	US$			US$
				As restated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	3,043,900		$	1,759,786
Accounts receivable, net		90,540			92,040
Loan receivable, net		-			634,576
Security deposits - Current		8,059			8,662
Prepaid expenses and other current assets		352,011			415,725
Deferred offering cost		112,748			112,748
Total current assets		3,607,258			3,023,537
NON-CURRENT ASSETS:
Security deposits - Non-current		138,213			138,890
Property and equipment, net		108,337			129,072
Notes receivable		128,976,507			153,050,301
Operating lease Right-of-use assets		439,890			645,420
Total non-current assets		129,662,947			153,963,683
Total assets	$	133,270,205		$	156,987,220
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Salary payable		157,150			308,068
Loan payable		-			241,750
Accrued liabilities and other payables		7,181,077			4,526,670
Operating lease liabilities - Current		332,556			373,860
Total current liabilities		7,670,783			5,450,348
NON-CURRENT LIABILITIES:
Accrued liabilities - Non-current		20,925			83,700
Operating lease liabilities - Non-current		107,164			266,763
Convertible promissory notes		30,772,853			32,278,403
Total non-current liabilities		30,900,942			32,628,866
Total liabilities	$	38,571,725		$	38,079,214
SHAREHOLDERS’ EQUITY:
Common shares ($0.01 par value; 50,000,000 shares authorized; 199,145,041 shares issued and outstanding at June 30, 2024 and December 31, 2023)		1,991,451			1,991,451
Shares to be issued		3,980,000			1,430,000
Additional paid-in capital		94,047,595			92,509,003
Retained earnings/(Accumulated deficit)		(5,123,026	)		23,248,653
Accumulated other comprehensive loss		(197,540	)		(271,101	)
Total shareholders’ equity attributable to MMTEC, INC.		94,698,480			118,908,006
Non- controlling interests		-			-
Total shareholders’ equity		94,698,480			118,908,006
Total liabilities and shareholders’ equity	$	133,270,205		$	156,987,220

MMTEC, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(IN U.S. DOLLARS)

(UNAUDITED)

	For the six months ended June 30, 2024			For the six months ended June 30, 2023
	US$			US$
				As restated
REVENUES	$	-		$	2,856,449
COST OF REVENUES		-			2,729,615
GROSS PROFIT		-			126,834
OPERATING EXPENSES:
Selling and marketing		365,876			1,008,732
General and administrative
Payroll and related benefits		962,210			1,191,171
Professional fees		463,780			519,200
Other general and administrative expenses		508,746			497,530
Total Operating Expenses,		2,300,612			3,216,633
LOSS FROM OPERATIONS		(2,300,612	)		(3,089,799	)
OTHER INCOME (EXPENSE)
Interest income		2,204,575			61,959
Interest expense		(2,833,042	)		(1,400,188	)
Allowance for credit losses - notes receivable		(25,512,186	)		-
Other income		54,740			12,090
Foreign currency transaction gain/(loss)		14,846			(1,922	)
Total Other Expense, net		(26,071,067	)		(1,328,061	)
LOSS BEFORE INCOME TAXES		(28,371,679	)		(4,417,860	)
INCOME TAXES		-			(1,737	)
NET LOSS		(28,371,679	)		(4,419,597	)
Less: Net loss attributable to non-controlling interest		-			(67,694	)
NET LOSS ATTRIBUTABLE TO MMTEC, INC.	$	(28,371,679	)	$	(4,351,903	)
COMPREHENSIVE LOSS:
NET LOSS		(28,371,679	)		(4,419,597	)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		73,561			(80,926	)
TOTAL COMPREHENSIVE LOSS		(28,298,118	)		(4,500,523	)
Less: Comprehensive loss attributable to non-controlling interests		-			(83,432	)
COMPREHENSIVE LOSS ATTRIBUTABLE TO MMTEC, INC.	$	(28,298,118	)	$	(4,417,091	)
NET LOSS PER COMMON SHARE
Basic and diluted	$	(0.14	)	$	(0.07	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic and diluted		199,145,041			66,461,478

MMTEC, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN U.S. DOLLARS)

(UNAUDITED)

	For the six months ended June 30, 2024			For the six months ended June 30, 2023
	US$			US$
				As restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(28,371,679	)	$	(4,419,597	)
Adjustments to reconcile net loss from operations to net cash used in operating activities:
Depreciation expense		25,051			21,969
Allowance for credit losses - notes receivable		25,512,186			-
Recovery from bad debts		-			(204	)
Gain on short-term investment		-			(534	)
Non-cash lease expense		202,382			204,510
Foreign currency transaction gain		(3,712	)		(3,326	)
Deferred taxes expense		-			111
Imputed interest expense		2,833,042			1,400,000
Interest income		(2,197,146	)		-
Change in operating assets and liabilities:
Operating lease liabilities		(197,763	)		(187,244	)
Accounts receivable		1,500			(147,016	)
Notes receivable		841,058			-
Accounts payable		-			86,202
Security deposits		588			211
Prepaid expenses and other current assets		62,688			(500,283	)
Advance from customers		-			291,658
Salary payable		(150,464	)		(140,660	)
Accrued liabilities and other payables		(450,112	)		376,638
NET CASH USED IN OPERATING ACTIVITIES:		(1,892,381	)		(3,017,565	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposal of property and equipment		-			7,903
Purchase of property and equipment		(5,047	)		-
Loan repayment from third parties		634,576			293,945
Cash paid for business acquisition		-			(87,083,160	)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		629,529			(86,781,312	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares to be issued		2,550,000
Proceeds from issuance of convertible bond		-			88,000,000
CASH PROVIDED BY FINANCING ACTIVITIES		2,550,000			88,000,000
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS		(3,034	)		(22,293	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,284,114			(1,821,170	)
CASH AND CASH EQUIVALENTS - Beginning of period		1,759,786			3,825,477
CASH AND CASH EQUIVALENTS - End of period	$	3,043,900		$	2,004,307
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for:
Interest	$	-		$	(188	)
Income taxes	$	-		$	(1,737	)
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Acquisition by issuing convertible promissory note	$	-		$	7,000,000
Conversion of bond to equity	$	-		$	36,349,640

MMTEC, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(IN U.S. DOLLARS)

(UNAUDITED)

	Common Shares				Additional					Accumulated Other			Non-			Total
	Number of Shares		Amount		Paid-in Capital		Accumulated Deficit			Comprehensive Loss			controlling Interests			Shareholders’ Equity
Balance, December 31, 2022		5,145,041	$	51,451	$	31,727,407	$	(22,253,030	)	$	(141,477	)		-		$	9,384,351
Acquisition of additional non-controlling interest		-		-		-		-			-		$	15,298,616		$	15,298,616
Conversion of bond to equity and amortization (restated)		94,000,000	$	940,000	$	36,349,640		-			-			-		$	37,289,640
Net loss for the six months ended June 30, 2023 (restated)		-		-		-	$	(4,351,903	)		-			(67,694	)	$	(4,419,597	)
Foreign currency translation adjustment		-		-		-		-		$	(65,188	)	$	(15,738	)	$	(80,926	)
Balance, June 30, 2023 (restated)		99,145,041	$	991,451	$	68,077,047	$	(26,604,933	)	$	(206,665	)	$	15,215,184		$	57,472,084

	Common Shares				Additional		Retained Earnings			Accumulated Other			Shares		Total
	Number of Shares		Amount		Paid-in Capital		(Accumulated Deficit)			Comprehensive Loss			to be Issued		Shareholders’ Equity
Balance, December 31, 2023 (restated)		199,145,041	$	1,991,451	$	92,509,003	$	23,248,653		$	(271,101	)	$	1,430,000	$	118,908,006
Issuance of common stock for cash		-		-		-		-			-		$	2,550,000	$	2,550,000
Conversion of bond to equity and amortization		-		-		1,538,592		-			-			-		1,538,592
Net loss for the six months ended June 30, 2024		-		-		-	$	(28,371,679	)		-			-	$	(28,371,679	)
Foreign currency translation adjustment		-		-		-		-		$	73,561			-	$	73,561
Balance, June 30, 2024		199,145,041	$	1,991,451	$	94,047,595	$	(5,123,026	)	$	(197,540	)	$	3,980,000	$	94,698,480

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

MMTEC, INC. By: /s/ Min Kong Min Kong, Chief Financial Officer

Date: December 1327, 2024

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