v3.26.1
CONSOLIDATED BALANCE SHEETS
Dec. 31, 2024
USD ($)
Current assets  
Cash $ 2,407,843
Accounts receivable - net of allowance for credit loss 1,897,471
Contract asset 206,750
Inventories, net 550,695
Forward purchase agreement derivative asset 1,471,000
Working capital advances 266,831
Prepaid expenses and other current assets 1,530,842
Total current assets 8,331,432
Right-of-use asset - operating lease 221,479
Right-of-use asset - finance lease 130,774
Property and equipment, net 936,573
Goodwill 1,728,108
Intangible assets, net 1,408,176
Total Assets 12,756,542
Current liabilities  
Accounts payable 10,497,488
Accrued expenses and other current liabilities 3,207,233
Contingent consideration liability 259,243
Debt, net of debt discount 7,019,499
Convertible debt, at fair value 8,542,323
Derivative liabilities 4,229,478
Operating lease liability 117,120
Finance lease liability 103,392
Contract liabilities 602,469
Total current liabilities 34,578,245
Debt, net of current portion 1,303,665
Operating lease liabilities, net of current portion 135,239
Finance lease liabilities, net of current portion 91,726
Contingent consideration liability, net of current portion 434,174
Total liabilities 36,543,049
Commitments and Contingencies
Stockholders' Deficit:  
Preferred stock Series A, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024 no shares issued or outstanding as of December 31, 2025 and December 31, 2024 0
Common stock, $0.0001 par value, 250,000,000 shares and 100,000,000 shares authorized as of December 31, 2025 and December 31, 2024 respectively, 4,789,230 and 909,165 issued and outstanding as of December 31, 2025 and December 31, 2024 respectively 91
Additional paid-in-capital 20,155,738
Accumulated deficit (45,426,099)
Accumulated other comprehensive income 166,007
Total ConnectM Technology Solutions, Inc.'s stockholders' deficit (25,104,263)
Non-controlling interest 1,317,756
Total stockholders' deficit (23,786,507)
Total liabilities and stockholders' deficit $ 12,756,542