v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS
Jun. 30, 2026
USD ($)
Current assets  
Cash and cash equivalents $ 2,393,541
Accounts receivable - net of allowance for credit loss 2,630,099
Related party receivables $ 346,905
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member]
Contract asset $ 341,488
Inventories, net 109,802
Prepaid expenses and other current assets 649,689
Total current assets 6,471,524
Right-of-use asset - operating lease 56,887
Right-of-use asset - finance lease 21,371
Property and equipment, net 534,057
Goodwill 2,604,288
Intangible assets, net 1,759,873
Investment in equity method investee 7,833,464
Investment in equity securities 33,726,399
Total Assets 53,007,863
Current liabilities  
Accounts payable 7,239,557
Accrued expenses and other current liabilities 6,920,027
Contingent consideration liability 1,229,550
Debt, net of debt discount 9,678,276
Convertible debt, at fair value 6,189,849
Derivative liabilities 273,702
Deferred consideration 172,414
Operating lease liability 48,297
Finance lease liability 51,462
Contract liabilities 761,848
3(a)(10) Settlement Agreement, at fair value 3,668,000
Total current liabilities 36,232,982
Debt, net of current portion 609,867
Operating lease liabilities, net of current portion 10,725
Contingent consideration liability, net of current portion 330,226
Total liabilities 37,183,800
Commitments and Contingencies (Note 11)
Stockholders' Equity:  
Preferred stock Series A, $0.0001 par value, 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025 no shares issued or outstanding as of June 30, 2026 and December 31, 2025 0
Common stock, $0.0001 par value, 250,000,000 shares authorized as of June 30, 2026 and December 31, 2025, 656,163 and 4,789,230 issued and outstanding as of June 30, 2026 and December 31, 2025 respectively 566 [1]
Additional paid-in-capital 69,859,751
Accumulated deficit (55,866,251)
Total ConnectM Technology Solutions, Inc.'s stockholders' equity/(deficit) 13,994,066
Noncontrolling interest from continuing operations 1,829,997
Total stockholders' equity 15,824,063
Total liabilities and stockholders' equity $ 53,007,863
[1] Amounts have been adjusted to reflect the 1-for-32 reverse stock split that became effective for market purposes on April 20, 2026. See Note 2 “Basis of presentation and summary of significant accounting policies” for additional details.