v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 2,736,582 $ 2,395,213
Accounts receivable - net of allowance for credit loss 2,134,188 1,560,379
Contract asset 303,910 206,750
Inventories, net 117,972 386,564
Forward purchase agreement derivative asset   1,471,000
Working capital advances   266,831
Prepaid expenses and other current assets 597,563 1,132,660
Current assets from discontinued operations 2,280,343 912,035
Total current assets 8,170,558 8,331,432
Right-of-use asset - operating lease 146,975 117,814
Right-of-use asset - finance lease 54,147 130,774
Property and equipment, net 624,519 926,071
Goodwill 5,216,788 1,728,108
Intangible assets, net 1,887,398 1,174,791
Non - current assets from discontinued operations 20,069,739 347,552
Total Assets 36,170,124 12,756,542
Current liabilities    
Accounts payable 6,242,831 10,306,030
Accrued expenses and other current liabilities 1,456,008 2,761,162
Contingent consideration liability 1,441,164 259,243
Debt, net of debt discount 6,214,932 6,936,554
Convertible debt, at fair value 5,321,303 8,542,323
Derivative liabilities 234,389 4,229,478
Operating lease liability 57,510 87,021
Finance lease liability 58,398 103,392
Contract liabilities 705,563 560,107
3(a)(10) Settlement Agreement, at fair value 3,634,000  
Other payable 250,000  
Current liabilities from discontinued operations 7,293,806 792,935
Total current liabilities 32,909,904 34,578,245
Debt, net of current portion 824,344 1,206,700
Operating lease liabilities, net of current portion 96,714 61,094
Finance lease liabilities, net of current portion 43,749 91,726
Contingent consideration liability, net of current portion 330,226 434,174
Non-current liabilities from discontinued operations 389,724 171,110
Total liabilities 34,594,661 36,543,049
Commitments and Contingencies (Note 11)
Stockholders' Deficit:    
Preferred stock Series A, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2025 and 2024, no shares issued or outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.0001 par value, 250,000,000 shares and 100,000,000 shares authorized as of December 31, 2025 and 2024 respectively, 4,789,230 and 909,165 issued and outstanding as of December 31, 2025 and 2024, respectively 479 [1] 91
Additional paid-in-capital 60,164,021 20,155,738
Accumulated deficit (61,671,149) (45,426,099)
Accumulated other comprehensive loss from discontinuing operations (20,333) 166,007
Total ConnectM Technology Solutions, Inc.'s stockholders' equity/(deficit) (1,526,982) (25,104,263)
Noncontrolling interest from continuing operations 1,555,140 1,317,756
Noncontrolling interest from discontinuing operations 1,547,305  
Total stockholders' equity 1,575,463 (23,786,507)
Total liabilities and stockholders' equity $ 36,170,124 $ 12,756,542
[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.