v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,618,044 $ 2,407,843
Accounts receivable 3,835,136 1,897,471
Contract asset 167,126 206,750
Other receivable 84,260  
Inventories, net 793,362 550,695
Forward purchase agreement derivative asset 500,000 1,471,000
Working capital advances 239,317 266,831
Prepaid expenses and other current assets 1,073,559 1,530,842
Total current assets 8,310,804 8,331,432
Right-of-use asset - operating lease 173,809 221,479
Right-of-use asset - finance lease 104,948 130,774
Property and equipment, net 879,541 936,573
Goodwill 1,728,108 1,728,108
Intangible assets, net 1,537,452 1,408,176
Other assets 19,999  
Total Assets 12,754,661 12,756,542
Current liabilities    
Accounts payable 6,403,996 10,497,488
Accrued expenses and other current liabilities 3,735,440 3,207,233
Contingent consideration liability 294,491 259,243
Debt, net of debt discount 7,121,492 7,019,499
Convertible debt, at fair value 7,762,018 8,542,323
Derivative liabilities 2,551,287 4,229,478
Operating lease liability 58,459 117,120
Finance lease liability 87,781 103,392
Contract liabilities 972,402 602,469
Other payable 7,940,946  
Total current liabilities 36,928,312 34,578,245
Debt, net of current portion 1,194,978 1,303,665
Operating lease liabilities, net of current portion 119,265 135,239
Finance lease liabilities, net of current portion 76,988 91,726
Contingent consideration liability, net of current portion 398,926 434,174
Total liabilities 38,718,469 36,543,049
Commitments and Contingencies
Stockholders' Deficit:    
Preferred stock Series A, $0.001 par value, 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024 no shares issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value, 100,000,000 shares authorized as of March 31, 2025 and December 31, 2024 respectively, 35,505,015 and 29,093,289 issued and outstanding as of March 31, 2025 and December 31, 2024 respectively 3,551 2,910
Additional paid-in-capital 24,941,535 20,152,919
Accumulated deficit (52,444,509) (45,426,099)
Accumulated other comprehensive income 176,788 166,007
Total ConnectM Technology Solutions, Inc.'s stockholders' deficit (27,322,635) (25,104,263)
Noncontrolling interest 1,358,827 1,317,756
Total stockholders' deficit (25,963,808) (23,786,507)
Total liabilities and stockholders' deficit $ 12,754,661 $ 12,756,542