ConnectM Technology Solutions, Inc. (CNTM)
ConnectM Technology Solutions, Inc. (CNTM)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | NaN | 2,904,430 | 2,213,219 | 2,658,044 |
| Cash and cash equivalents | 2,471,782 | NaN | NaN | NaN |
| 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 | NaN | NaN | NaN | 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 | NaN | NaN | NaN |
| 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 | NaN | 396,850 | NaN | NaN |
| 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 | NaN | NaN |
| Other payable | NaN | 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 |