For the quarter ending 2025-09-30, CNTM had -$444,825 decrease in cash & cash equivalents over the period. -$2,495,089 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net loss | -993,042 | -3,406,108 | -6,977,339 | - |
| Provision for expected credit loss | 777,252 | - | - | - |
| Depreciation and amortization expense | 351,232 | 207,802 | 81,378 | 745,741 |
| Amortization of debt discount | 28,594 | 27,292 | 77,903 | 137,615 |
| Stock-based compensation expense | 31,815 | 505,133 | - | 525 |
| Bad debt expense | - | - | - | 187,633 |
| Rou amortization on finance leases | 15,663 | 19,475 | 25,826 | 121,457 |
| Rou amortization on operating leases | 17,009 | 24,738 | 7,741 | 172,974 |
| (gain) loss on extinguishment of debt | -1,714,405 | - | - | - |
| Gain on settlement of accounts payable | 194,524 | - | - | - |
| Loss on reposessed vehicle | 0 | 12,706 | - | - |
| Bargain purchase gain | 2,486,702 | - | - | - |
| Loss on extinguishment of debt | - | 1,389,769 | 2,715,923 | - |
| Loss on termination of lease | 6,290 | 0 | -37,196 | - |
| Gain on disposal of property and equipment | 0 | 23,500 | - | 843 |
| Other income and expense | -905,794 | - | - | - |
| Change in fair value of convertible debt | -1,063,621 | -510,577 | -319,695 | - |
| Change in fair value of derivative liabilities | 17,821 | -510,661 | -33,548 | - |
| Gain on extinguishment of debt | - | - | 14,019 | - |
| Bargain purchase gain | - | 2,486,702 | - | - |
| Change in fair value of forward purchase agreement | 0 | 0 | -971,000 | -8,254,390 |
| Change in fair value of 3(10) settlement agreement (note 4) | -148,725 | -12,218 | -605,748 | - |
| Accounts receivable - net | 842,081 | 601,369 | 1,936,317 | 767,292 |
| Contract asset | 265,666 | 17,397 | -39,624 | -136,896 |
| Stock-based compensation to employees | - | - | - | 35,000 |
| Provision for inventory shrinkage | - | - | - | 23,926 |
| Inventory | -404,526 | 96,741 | 241,928 | 293,434 |
| Share issues for settlement of expenses | - | - | - | 133,750 |
| Prepaid expenses and other current assets | 865,702 | -213,242 | -532,325 | -139,452 |
| Shares issued for service | - | - | - | 837,473 |
| Other receivable | - | - | 84,260 | - |
| Accounts payable | -58,028 | 925,346 | 1,183,729 | 3,381,318 |
| Share issued for sepa | - | - | - | 187,500 |
| Other assets | - | - | 19,999 | - |
| Accrued expenses | -140,197 | -638,632 | 643,393 | 1,622,271 |
| Loss on modification of forward purchase agreement | - | - | - | 385,000 |
| Operating lease liabilities | -16,026 | -26,391 | -12,865 | -146,307 |
| Working capital advances | 19,998 | -94,786 | -27,514 | 266,831 |
| Gain on modification of forward purchase agreement | - | - | - | 1,572,236 |
| Contract liabilities | -128,171 | 1,370,582 | 369,873 | -518,348 |
| Net cash used in operating activities | -2,492,052 | -1,378,671 | -2,825,807 | -5,959,133 |
| Purchase of property and equipment | 3,037 | 2,421 | 2,844 | 27,044 |
| Cash acquired from acquisition of businesses, net of purchase price paid | - | - | - | 152,482 |
| Proceeds from the sale of property and equipment | 0 | 23,500 | - | 13,000 |
| Purchase of additional noncontrolling shares | - | - | - | 60,000 |
| Cash received (paid) for noncontrolling interest | 0 | 559,115 | - | - |
| Proceeds from the issuance of convertible notes-Convertible Notes2024 | - | - | - | 4,940,000 |
| Issuance of convertible note receivable | - | - | - | 0 |
| Cash paid for capitalized software development costs | 173,856 | 141,700 | 149,828 | 186,103 |
| Proceeds from the issuance of convertible notes-Convertible Notes2023 | - | - | - | 0 |
| Net cash received from investing activities | -176,893 | 438,494 | -152,672 | -107,665 |
| Proceeds form the issuance of debt | 0 | 735,000 | - | 6,614,400 |
| Proceeds from the issuance of convertible notes | 1,900,000 | 1,026,000 | 2,530,000 | - |
| Proceeds from stock subscription agreement | 0 | 805,000 | - | - |
| Proceeds from factoring receivable arrangements | 607,586 | - | - | - |
| Proceeds from the business combination | - | - | - | 35,770,959 |
| Repayments of debt | 143,340 | 797,906 | 321,181 | 2,262,401 |
| Repayments on convertible notes | 0 | 75,000 | - | 50,000 |
| Payments of deferred offering costs | - | - | - | 0 |
| Repayment of premium financing obligations | -75,140 | -147,524 | - | - |
| Cash paid for debt issuance costs | - | - | - | 1,015,114 |
| Proceeds from forward purchase agreement | 0 | 500,000 | - | - |
| Payment on finance leases | 13,391 | 19,174 | 30,349 | 107,068 |
| Reimbursement for recycled shares related to forward purchase agreement | - | - | - | 1,000,000 |
| Advance from lender | - | - | - | 1,057,275 |
| Advance to monterey capital acquisition corporation | - | - | - | 1,933,695 |
| Payment for reimbursement of consideration shares related to the forward purchase agreement payment | - | - | - | 36,727,814 |
| Net cash provided by financing activities | 2,275,715 | 2,026,396 | 2,178,470 | 7,286,542 |
| Effect of exchange rate changes on cash and cash equivalents | -51,595 | -46,219 | 10,210 | 27,731 |
| Net decrease in cash and cash equivalents | -444,825 | 1,040,000 | -789,799 | 1,247,475 |
| Cash and cash equivalents at beginning of period | 2,407,843 | - | - | - |
| Cash and cash equivalents at end of period | 2,213,219 | - | - | - |
ConnectM Technology Solutions, Inc. (CNTM)
ConnectM Technology Solutions, Inc. (CNTM)