Accounts receivable - net of allowance for credit loss
3,064,131
3,066,626
5,680,625
5,480,311
Contract asset
145,341
303,910
450,189
184,523
Inventories, net
594,024
633,798
479,100
889,177
Working capital advances
-
-
-
164,529
Prepaid expenses and other current assets
2,173,589
1,261,794
2,302,634
1,262,212
Total current assets
8,448,867
8,170,558
11,125,767
10,638,796
Right-of-use asset - operating lease
103,371
215,385
242,809
262,302
Right-of-use asset - finance lease
30,936
54,147
69,810
85,473
Property and equipment, net
19,474,465
20,330,688
3,258,326
3,508,727
Goodwill
2,287,466
5,216,788
5,157,376
5,157,376
Intangible assets, net
2,070,387
2,182,558
2,232,334
2,185,303
Equity method investments
7,406,523
-
-
-
Total assets
39,822,015
36,170,124
22,086,422
21,837,977
Accounts payable
7,075,064
7,219,261
7,204,688
7,540,595
Accrued expenses and other current liabilities
2,504,664
2,350,393
3,134,561
3,311,130
Contingent consideration liability
1,534,558
1,441,164
1,186,786
294,491
Debt, net of debt discount
8,530,688
7,098,279
7,515,555
3,652,236
Convertible debt, at fair value
6,593,923
5,321,303
7,006,545
7,195,476
Derivative liabilities
292,677
234,389
395,619
3,061,948
Deferred consideration
-
396,850
-
-
Operating lease liability
67,107
94,340
105,438
88,626
Finance lease liability
54,614
58,398
74,615
67,998
Contract liabilities
1,644,081
772,013
2,231,672
2,361,277
3(10) settlement agreement, at fair value
3,687,000
3,634,000
-
-
Other payable
-
250,000
3,311,000
3,645,042
Deferred tax liabilities
3,887,472
4,039,514
52,177
53,992
Total current liabilities
35,871,848
32,909,904
32,218,656
31,272,811
Debt, net of current portion
1,698,310
1,180,273
1,025,664
1,490,060
Operating lease liabilities, net of current portion
40,761
130,509
146,667
179,505
Finance lease liabilities, net of current portion
17,057
43,749
48,815
77,597
Contingent consideration liability, net of current portion
236,832
330,226
399,236
399,236
Total liabilities
37,864,808
34,594,661
33,839,038
33,419,209
Common stock, 0.001 par value, 250,000,000 shares authorized as of march 31, 2026 and december 31, 2025, 5,312,911 and 4,789,230 issued and outstanding as of march 31, 2026 and december 31, 2025 respectively
531
15,325
9,460
7,163
Additional paid-in-capital
67,775,494
60,149,175
43,454,545
42,541,947
Accumulated deficit
-68,616,894
-61,671,149
-57,134,144
-55,988,573
Accumulated other comprehensive loss
-580,369
-20,333
37,084
132,928
Total connectm technology solutions, inc.'s stockholders' deficit
-1,421,238
-1,526,982
-13,633,055
-13,306,535
Non-controlling interest
3,378,445
3,102,445
1,880,439
1,725,303
Total stockholders' deficit
1,957,207
1,575,463
-11,752,616
-11,581,232
Total liabilities and stockholders' deficit
39,822,015
36,170,124
22,086,422
21,837,977
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
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