| Schedule of disaggregated revenue information from continuing operations by geographic area based upon customer's country of domicile |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | United States | | $ | 9,794,419 | | $ | 7,885,201 | | $ | 17,439,822 | | $ | 16,139,557 | | | | 9,794,419 | | | 7,885,201 | | | 17,439,822 | | | 16,139,557 |
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| | | | | | | | | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | United States | | $ | 33,072,261 | | $ | 21,078,971 |
The following table summarizes disaggregated revenue information by nature of revenue and timing of revenue recognition: | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | Product revenue | | | | | | | Revenue recognized at a point in time (1) | | $ | 1,730,697 | | $ | — | Total product revenue | | | 1,730,697 | | | — | Service revenue | | | | | | | Revenue recognized over a period of time (2) | | | 31,341,564 | | | 21,078,971 | Total service revenue | | | 31,341,564 | | | 21,078,971 | Total revenue | | $ | 33,072,261 | | $ | 21,078,971 |
(1)Product revenue consists of sales of ConnectM-branded heat pump products to customers, including under specific distribution agreements such as with Greentech Renewables, for which revenue is recognized at a point in time when control transfers to the customer, generally upon delivery. (2)Service revenue consists of (i) installation and maintenance services for solar energy systems and HVAC solutions across customers, (ii) logistics and delivery services provided through DeliveryCircle’s proprietary Decios platform, and (iii) managed solutions services including human resources and payroll administration, procurement and vendor management, marketing and lead generation, and business implementation services. Service revenue is generally recognized over time as the customer simultaneously receives and consumes the benefits of the Company’s performance.
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| Schedule of contract assets and liability activity |
Contract Assets | | | | | | | | Balance as of Jan 1, 2025 | | $ | 206,750 | Recognition of cost on contracts where performance obligations completed during the period | | | (206,750) | Deferral of costs on contracts where performance obligations were not complete | | | 167,126 | Balance as of March 31, 2025 | | | 167,126 | Recognition of cost on contracts where performance obligations completed during the period | | | (159,378) | Deferral of costs on contracts where performance obligations were not complete | | | 103,404 | Balance as of June 30, 2025 | | $ | 111,152 | | | | | Balance as of Jan 1, 2026 | | | 303,910 | Recognition of cost on contracts where performance obligations completed during the period | | | (287,375) | Deferral of costs on contracts where performance obligations were not complete | | | 128,806 | Balance as of March 31, 2026 | | | 145,341 | Recognition of cost on contracts where performance obligations completed during the period | | | (71,163) | Deferral of costs on contracts where performance obligations were not complete | | | 267,310 | Balance as of June 30, 2026 | | $ | 341,488 |
Contract Liabilities | | | | | | | | Balance as of Jan 1, 2025 | | $ | 560,107 | Recognition of revenue recorded as contract liability as of Jan 1, 2025 | | | (389,390) | Customer Advance Payments | | | 766,115 | Balance as of March 31, 2025 | | | 936,832 | Recognition of revenue recorded as contract liability as of Apr 1, 2025 | | | (568,017) | Customer Advance Payments | | | 1,767,618 | Balance as of June 30, 2025 | | $ | 2,136,433 | | | | | Balance as of Jan 1, 2026 | | | 705,563 | Recognition of revenue recorded as contract liability as of Jan 1, 2026 | | | (455,175) | Customer Advance Payments | | | 1,327,257 | Balance as of March 31, 2026 | | | 1,577,645 | Recognition of revenue recorded as contract liability as of April 1, 2026 | | | (1,330,230) | Customer Advance Payments | | | 514,433 | Balance as of June 30, 2026 | | $ | 761,848 |
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The following table summarizes the contract asset activity for the years ended December 31, 2025 and 2024: | | | | | | | | Balance as of January 1, 2024 | | $ | 343,646 | Deferral of costs on contracts where performance obligations were not complete | | | (343,646) | Balance as of December 31, 2024 | | | 206,750 | Recognition of costs on contracts where performance obligations completed during the period | | | (206,750) | Deferral of costs on contracts where performance obligations were not complete | | | 303,910 | Balance as of December 31, 2025 | | $ | 303,910 |
The following table summarizes the contract liability activity for the years ended December 31, 2025 and 2024: | | | | | | | | Balance as of January 1, 2024 | | $ | 1,077,511 | Recognition of revenue recorded as a contract liability as of January 1, 2024 | | | (1,032,605) | Customer advance payments | | | 515,201 | Balance as of December 31, 2024 | | | 560,107 | Recognition of revenue recorded as a contract liability as of December 31, 2024 | | | (357,086) | Adjustments for the cancelled contract | | | (175,312) | Customer advance payments | | | 677,854 | Balance as of December 31, 2025 | | $ | 705,563 |
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