For the quarter ending 2025-09-30, CNTM has $22,086,422 in assets. $33,839,038 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Other receivable | - | - | 84,260 | 0 |
| Convertible note receivable, related party | - | - | - | 0 |
| Forward purchase agreement derivative asset | - | - | 500,000 | 1,471,000 |
| Cash | 2,213,219 | 2,658,044 | 1,618,044 | 2,407,843 |
| Deferred offering costs | - | - | - | 0 |
| Accounts receivable - net | 5,680,625 | 5,480,311 | 3,835,136 | 1,897,471 |
| Contract asset | 450,189 | 184,523 | 167,126 | 206,750 |
| Inventories, net | 479,100 | 889,177 | 793,362 | 550,695 |
| Working capital advances | - | 164,529 | 239,317 | 266,831 |
| Prepaid expenses and other current assets | 2,302,634 | 1,262,212 | 1,073,559 | 1,530,842 |
| Other assets | - | - | 19,999 | - |
| Total current assets | 11,125,767 | 10,638,796 | 8,310,804 | 8,331,432 |
| Right-of-use asset - operating lease | 242,809 | 262,302 | 173,809 | 221,479 |
| Right-of-use asset - finance lease | 69,810 | 85,473 | 104,948 | 130,774 |
| Property and equipment, net | 3,258,326 | 3,508,727 | 879,541 | 936,573 |
| Goodwill | 5,157,376 | 5,157,376 | 1,728,108 | 1,728,108 |
| Intangible assets, net | 2,232,334 | 2,185,303 | 1,537,452 | 1,408,176 |
| Total assets | 22,086,422 | 21,837,977 | 12,754,661 | 12,756,542 |
| Accounts payable | 7,204,688 | 7,540,595 | 6,403,996 | 10,497,488 |
| Accrued expenses and other current liabilities | 3,134,561 | 3,311,130 | 3,735,440 | 3,207,233 |
| Contingent consideration liability | 1,186,786 | 294,491 | 294,491 | 259,243 |
| Debt, net of debt discount | 7,515,555 | 3,652,236 | 7,121,492 | 7,019,499 |
| Convertible debt, at fair value | 7,006,545 | 7,195,476 | 7,762,018 | 8,542,323 |
| Derivative liabilities | 395,619 | 3,061,948 | 2,551,287 | 4,229,478 |
| Operating lease liability | 105,438 | 88,626 | 58,459 | 117,120 |
| Finance lease liability | 74,615 | 67,998 | 87,781 | 103,392 |
| Contract liabilities | 2,231,672 | 2,361,277 | 972,402 | 602,469 |
| Other payable | 3,311,000 | 3,645,042 | 7,940,946 | - |
| Deferred tax liabilities | 52,177 | 53,992 | - | - |
| Total current liabilities | 32,218,656 | 31,272,811 | 36,928,312 | 34,578,245 |
| Debt, net of current portion | 1,025,664 | 1,490,060 | 1,194,978 | 1,303,665 |
| Operating lease liabilities, net of current portion | 146,667 | 179,505 | 119,265 | 135,239 |
| Finance lease liabilities, net of current portion | 48,815 | 77,597 | 76,988 | 91,726 |
| Contingent consideration liability, net of current portion | 399,236 | 399,236 | 398,926 | 434,174 |
| Total liabilities | 33,839,038 | 33,419,209 | 38,718,469 | 36,543,049 |
| Common stock, 0.0001 par value, 250,000,000 shares and 100,000,000 shares authorized as of september 30, 2025 and december 31, 2024 respectively, 94,610,973 and 29,093,289 issued and outstanding as of september 30, 2025 and december 31, 2024 respectively | 9,460 | 7,163 | 3,551 | 2,910 |
| Additional paid-in-capital | 43,454,545 | 42,541,947 | 24,941,535 | 20,152,919 |
| Accumulated deficit | -57,134,144 | -55,988,573 | -52,444,509 | -45,426,099 |
| Accumulated other comprehensive income | 37,084 | 132,928 | 176,788 | 166,007 |
| Total connectm technology solutions, inc.'s stockholders' deficit | -13,633,055 | -13,306,535 | -27,322,635 | -25,104,263 |
| Non-controlling interest | 1,880,439 | 1,725,303 | 1,358,827 | 1,317,756 |
| Total stockholders' deficit | -11,752,616 | -11,581,232 | -25,963,808 | -23,786,507 |
| Total liabilities and stockholders' deficit | 22,086,422 | 21,837,977 | 12,754,661 | 12,756,542 |
ConnectM Technology Solutions, Inc. (CNTM)
ConnectM Technology Solutions, Inc. (CNTM)