ConnectM Technology Solutions (CNTM) S-1 13 Jan 25 IPO registration Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2024
Document and Entity Information
Document Type	S-1
Entity Registrant Name	CONNECTM TECHNOLOGY SOLUTIONS, INC.
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001895249
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 1,160,000
Total current assets	7,350,000
Total Assets	13,157,000
Current liabilities:
Accrued expenses	1,718,000
Total current liabilities	21,112,000
Total liabilities	22,638,000
Commitments and Contingencies (Note 9)
Stockholders' Deficit:
Additional paid-in capital	1,307,000
Accumulated deficit	(22,860,000)
Stockholders' deficit	(21,438,000)
Total liabilities, mezzanine equity and stockholders' deficit	13,157,000
Monterey Capital Acquisition Corporation
Current assets:
Cash	5,947	$ 5,938
Prepaid expenses	4,167	6,783
Income taxes receivable	62,192
Total current assets	72,306	12,721
Marketable securities held in Trust Account	78,702,824	94,209,804
Total Assets	78,775,130	94,222,525
Current liabilities:
Accrued offering costs	55,201	225,201
Accrued expenses	3,115,876	1,425,780
Due to Libertas	$ 68,460	9,960
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related party
Deferred credit - term extension fee funded by acquisition target company	$ 2,491,431
Income taxes payable		240,507
Total current liabilities	6,915,425	2,058,448
Deferred underwriting fees payable	3,680,000	3,680,000
Forward Purchase Agreement liability	18,370,000	2,770,000
Total liabilities	28,965,425	8,508,448
Commitments and Contingencies (Note 9)
Stockholders' Deficit:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Accumulated deficit	(28,923,896)	(8,054,804)
Stockholders' deficit	(28,923,652)	(8,054,560)
Total liabilities, mezzanine equity and stockholders' deficit	78,775,130	94,222,525
Monterey Capital Acquisition Corporation | Related party
Current liabilities:
Convertible notes	739,457	157,000
Monterey Capital Acquisition Corporation | Non-related party
Current liabilities:
Convertible notes	445,000
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
Current liabilities:
Common Stock Subject to Possible Redemption Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 7,009,247 and 7,238,125 shares subject to possible redemption issued and outstanding as of June 30, 2024 and December 31, 2023	78,733,357	93,768,637
Monterey Capital Acquisition Corporation | Class A common stock not subject to possible redemption
Stockholders' Deficit:
Common stock, $0.0001 par value, 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively, 21,124,057 and 5,291,381 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	14	14
Monterey Capital Acquisition Corporation | Class B common stock
Stockholders' Deficit:
Common stock, $0.0001 par value, 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively, 21,124,057 and 5,291,381 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	$ 230	$ 230

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, stock outstanding (in shares)	0
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized	100,000,000
Common stock, shares issued	5,291,381
Common stock, shares outstanding	5,291,381
Monterey Capital Acquisition Corporation
Preferred shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, stock authorized (in shares)	1,000,000	1,000,000
Preferred stock, stock issued (in shares)	0	0
Preferred stock, stock outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001
Monterey Capital Acquisition Corporation | Class A common stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	7,376,125
Common stock, shares outstanding		9,338,000
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
Class A common stock subject to possible redemption stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Convertible Preferred Shares, shares authorized ( in shares)	100,000,000	100,000,000
Convertible Preferred Shares, shares issued ( in shares)	7,238,125	9,200,000
Convertible Preferred Shares, shares outstanding (in shares)	7,238,125	9,200,000
Monterey Capital Acquisition Corporation | Class A common stock not subject to possible redemption
Common stock, shares issued	138,000	138,000
Common stock, shares outstanding	138,000	138,000
Monterey Capital Acquisition Corporation | Class B common stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,300,000	2,300,000
Common stock, shares outstanding	2,300,000	2,300,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Monterey Capital Acquisition Corporation
General and administrative expenses	$ 2,980,863	$ 2,098,401
Loss from operations	(2,980,863)	(2,098,401)
Other income (expense):
Dividend and interest income	4,551,468	1,289,804
Other income		55,466
Loss before income taxes	(14,029,395)	(3,523,131)
Income tax provision	(913,808)	(240,507)
Net loss attributable to shareholders'	$ (14,943,203)	$ (3,763,638)
Monterey Capital Acquisition Corporation | Class A common stock
Other income (expense):
Weighted average shares outstanding of Common Stock, basic (in shares)	138,000	88,093
Weighted average shares outstanding of Common Stock, diluted ( in shares)	138,000
Basic net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
Other income (expense):
Weighted average shares outstanding of Common Stock, basic (in shares)	8,909,750	5,872,877
Weighted average shares outstanding of Common Stock, diluted ( in shares)	8,909,750	5,872,877
Basic net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Monterey Capital Acquisition Corporation | Class A common stock not subject to redemption
Other income (expense):
Weighted average shares outstanding of Common Stock, basic (in shares)	138,000	88,093
Weighted average shares outstanding of Common Stock, diluted ( in shares)	138,000	88,093
Basic net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Monterey Capital Acquisition Corporation | Class B common stock
Other income (expense):
Weighted average shares outstanding of Common Stock, basic (in shares)	2,300,000	2,191,507
Weighted average shares outstanding of Common Stock, diluted ( in shares)	2,300,000	2,191,507
Basic net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (1.32)	$ (0.46)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Monterey Capital Acquisition Corporation Class A Common Stock Common Stock	Monterey Capital Acquisition Corporation Class A common stock subject to possible redemption Common Stock	Monterey Capital Acquisition Corporation Class A common stock subject to possible redemption	Monterey Capital Acquisition Corporation Class B common stock Common Stock	Monterey Capital Acquisition Corporation Additional Paid-in Capital Private placement warrants	Monterey Capital Acquisition Corporation Additional Paid-in Capital Public Warrants	Monterey Capital Acquisition Corporation Additional Paid-in Capital Rights	Monterey Capital Acquisition Corporation Additional Paid-in Capital	Monterey Capital Acquisition Corporation Accumulated Deficit	Monterey Capital Acquisition Corporation Private placement warrants	Monterey Capital Acquisition Corporation Public Warrants	Monterey Capital Acquisition Corporation Rights	Monterey Capital Acquisition Corporation	Common Stock	Additional Paid-in Capital	Total
Increase (Decrease) in Temporary Equity
Accretion to redemption value of Class A Common stock subject to possible redemption due to dividend and interest income earned			$ 848,637
Ending balance (in shares) at Dec. 31, 2022		9,200,000	9,200,000
Balance at the end at Dec. 31, 2022		$ 93,768,637	$ 93,768,637
Beginning balance (in shares) at Dec. 31, 2021				2,300,000
Balance at the beginning at Dec. 31, 2021				$ 230				$ 24,770	$ (19,889)				$ 5,111
Increase (Decrease) in Stockholders' Equity
Issuance of stock, net of issuance costs					$ 3,040,000	$ 1,460,494	$ 3,894,923			$ 3,040,000	$ 1,460,494	$ 3,894,923
Issuance of Class A Common stock, net of issuance costs of $8,139,659 (in shares)		9,200,000
Issuance of Class A Common stock, net of issuance costs of $8,139,659		$ 77,893,526
Fair value of underwriter's overallotment options exercised								52,147					52,147
Deemed capital contribution by the Sponsor through transfer of Class B shares								2,508,632					2,508,632
Issuance of common shares (in shares)	138,000
Issuance of common shares	$ 14							622,868					622,882
Accretion to redemption value of Class A Common stock subject to possible redemption		15,026,474						$ (11,603,834)	(3,422,640)				(15,026,474)
Net income (loss)									(3,763,638)				(3,763,638)
Change In Value Common Shares Amount		$ (848,637)							848,637				848,637
Ending balance (in shares) at Dec. 31, 2022	138,000			2,300,000										5,274,774
Balance at the end at Dec. 31, 2022	$ 14			$ 230					(8,054,804)				(8,054,560)
Increase (Decrease) in Stockholders' Equity
Net income (loss)																$ (5,004,000)
Ending balance (in shares) at Sep. 30, 2023														5,274,774
Beginning balance (in shares) at Dec. 31, 2022		9,200,000	9,200,000
Balance at the beginning at Dec. 31, 2022		$ 93,768,637	$ 93,768,637
Increase (Decrease) in Temporary Equity
Accretion to redemption value of Class A Common stock subject to possible redemption due to dividend and interest income earned			3,434,458
Accretion to redemption value of Class A Common stock subject to possible redemption due to extension payments		$ 2,491,431	$ 2,491,431						(2,491,431)				(2,491,431)
Redemption of Class A common stock (in shares)		(1,961,875)
Redemption of Class A common stock		$ (20,961,169)
Ending balance (in shares) at Dec. 31, 2023		7,238,125	7,238,125
Balance at the end at Dec. 31, 2023		$ 78,733,357	$ 78,733,357
Beginning balance (in shares) at Dec. 31, 2022	138,000			2,300,000										5,274,774
Balance at the beginning at Dec. 31, 2022	$ 14			$ 230					(8,054,804)				(8,054,560)
Increase (Decrease) in Stockholders' Equity
Net income (loss)									(14,943,203)				(14,943,203)
Change In Value Common Shares Amount		$ (3,434,458)							3,434,458				3,434,458
Ending balance (in shares) at Dec. 31, 2023	138,000			2,300,000										5,291,381
Balance at the end at Dec. 31, 2023	$ 14			$ 230					$ (28,923,896)				$ (28,923,652)			(21,438,000)
Beginning balance (in shares) at Jun. 30, 2023														5,274,774
Increase (Decrease) in Stockholders' Equity
Net income (loss)																(2,607,000)
Ending balance (in shares) at Sep. 30, 2023														5,274,774
Beginning balance (in shares) at Dec. 31, 2023	138,000			2,300,000										5,291,381
Increase (Decrease) in Stockholders' Equity
Issuance of common shares (in shares)														16,607
Issuance of common shares															$ 35,000	35,000
Net income (loss)																(17,050,000)
Ending balance (in shares) at Sep. 30, 2024														21,124,057
Balance at the end at Sep. 30, 2024																(28,340,000)
Beginning balance (in shares) at Jun. 30, 2024														5,307,988
Increase (Decrease) in Stockholders' Equity
Net income (loss)																(12,238,000)
Ending balance (in shares) at Sep. 30, 2024														21,124,057
Balance at the end at Sep. 30, 2024																$ (28,340,000)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical)	Dec. 31, 2022 USD ($) shares
Monterey Capital Acquisition Corporation | Rights
Warrants, transaction costs | $	$ 406,736
Monterey Capital Acquisition Corporation | Class A common stock
Common stock, shares outstanding | shares	9,338,000
Monterey Capital Acquisition Corporation | Class A common stock not subject to possible redemption
Common stock, shares outstanding | shares	138,000
Monterey Capital Acquisition Corporation | Class A common stock not subject to possible redemption | Public Warrants
Warrants, transaction costs | $	$ 152,515
Monterey Capital Acquisition Corporation | Class A common stock not subject to possible redemption | Rights
Shares subject to possible redemption, transaction costs | $	$ 8,139,659
Monterey Capital Acquisition Corporation | Class B common stock
Common stock, shares outstanding | shares	2,300,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities:
Net loss	$ (16,998,000)	$ (5,032,000)
Changes in current assets and liabilities:
Prepaid expenses	(26,000)	(68,000)
Accrued expenses	1,296,000	386,000
Net cash used in operating activities	(3,251,000)	(3,523,000)
Cash Flows from Investing Activities:
Net cash provided by (used in) investing activities	451,000	(447,000)
Cash Flows from Financing Activities:
Payment of offering costs on Public Units	(1,243,000)	(1,782,000)
Net cash provided by financing activities	3,501,000	3,264,000
Increase (decrease) in cash and cash equivalents	722,000	(604,000)
Cash, beginning of year	1,160,000	1,923,000	$ 1,923,000
Cash, end of year	1,882,000	1,319,000	1,160,000	$ 1,923,000
Monterey Capital Acquisition Corporation
Cash Flows from Operating Activities:
Net loss			(14,943,203)	(3,763,638)
Adjustments to reconcile net loss to net cash used in operating activities:
Dividend and interest income			(4,551,468)	(1,289,804)
Changes in current assets and liabilities:
Prepaid expenses			2,616	(6,783)
Accrued expenses			1,690,096	1,416,422
Due to Sponsor - related party			58,500	9,960
Income taxes payable			(302,699)	240,507
Net cash used in operating activities			(2,446,158)	(623,336)
Cash Flows from Investing Activities:
Investment of cash into Trust Account			(2,491,431)	(92,920,000)
Redemption of investments in Trust Account in connection with Public Share redemptions			20,961,169	0
Net cash provided by (used in) investing activities			20,058,448	(92,920,000)
Cash Flows from Financing Activities:
Proceeds from loan payable - related party			0	274,100
Redemption of Class A common stock shares			(20,961,169)	0
Proceeds from issuance of Public Units			0	92,000,000
Term extension fees paid by target company			2,491,431	0
Payment of offering costs on Public Units			(170,000)	(1,572,782)
Proceeds from convertible notes - related party			582,457	157,000
Net cash provided by financing activities			(17,612,281)	93,544,218
Increase (decrease) in cash and cash equivalents			9	882
Cash, beginning of year	$ 5,947	$ 5,938	5,938	5,056
Cash, end of year			5,947	5,938
Supplemental disclosure of cash flow information:
Accretion to redemption value of Class A Common stock subject to possible redemption			5,925,889	15,875,111
Deferred underwriting commissions			0	3,680,000
Issuance of Representative Shares for underwriting services			0	622,882
Deemed capital contribution by the Sponsor through transfer of Class B shares			$ 0	$ 2,508,632

ORGANIZATION, DESCRIPTION OF BU

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN	12 Months Ended
	Dec. 31, 2023
Monterey Capital Acquisition Corporation
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN	NOTE 1 —  ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN Nature of Operations Monterey Capital Acquisition Corporation (“MCAC” or the “Company”) is a blank check company incorporated as a Delaware company on September 23, 2021. The Company was formed for the purpose of acquiring, merging with, engaging in capital stock exchange with, purchasing all or substantially all of the assets of, engaging in contractual arrangements, or engaging in any other similar business combination with a single operating entity, or one or more related or unrelated operating entities operating in any sector (“Business Combination”). On December 31, 2022, MCAC, entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among MCAC, ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM”), and Chronos Merger Sub, Inc., a Delaware corporation incorporated on December 28, 2022 and a wholly owned subsidiary of MCAC (“Merger Sub”). Pursuant to the terms and conditions of the Merger Agreement, a business combination between MCAC and ConnectM will be effected through the merger of Merger Sub with and into ConnectM, with ConnectM surviving the merger as a wholly owned subsidiary of MCAC (the “Merger”). See Proposed Merger Combination below. On October 12, 2023, MCAC, Merger Sub and ConnectM entered into a First Amendment to the Merger Agreement (the “Amendment”). The Amendment extends the date after which either party may terminate the Merger Agreement for convenience (with limited exceptions) from November 13, 2023 to May 13, 2024. The Amendment also provides that, subject to MCAC obtaining the requisite stockholder approval to amend its Amended and Restated Certificate of Incorporation (the “Amended Charter”) and the Investment Management Trust Agreement by and between MCAC and Continental Stock Transfer & Trust Company, dated May 10, 2022 (the “IMTA Amendment”), with such approval received on November 6, 2023 at MCAC’s special meeting of stockholders, MCAC will extend the date by which MCAC has to consummate a business combination by up to six months and ConnectM will pay to MCAC in the Trust Account the funds necessary to effect such extension (not to exceed $414,000 for each monthly extension or $2,484,000 in the aggregate for all six monthly extensions). On November 6, 2023, the stockholders of MCAC held a special meeting of stockholders where the MCAC stockholders approved the Amended Charter and IMTA Amendment. The Amended Charter provides the board of directors of MCAC with the right to extend the date by which MCAC has to consummate its Business Combination up to an additional six (6) times for one one In connection with the special meeting of stockholders on November 6, 2023, stockholders holding 1,961,875 shares of Class A Common Stock issued in the Initial Public Offering (as defined below) exercised their right to redeem such shares for a pro rata portion of the funds in the Trust Account. As a result, approximately $20,961,169 (approximately $10.68 per share after removal of interest to pay taxes) was removed from the Trust Account to pay the redeeming stockholders. As of December 31, 2023, the Company had not commenced any operations. All activity for the period from September 23, 2021 (inception) through December 31, 2023 relates to the Company’s formation and the Initial Public Offering, activities necessary to identify a potential target and prepare for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest or if at all. The Company generates non-operating income in the form of interest income from the proceeds derived from the IPO (as defined below). The Company has selected December 31 as its fiscal year end. The Company’s sponsor is Monterrey Acquisition Sponsor, LLC, a Delaware limited liability company (the “Sponsor”). The registration statement for the Company’s initial public offering (the “IPO” or “Initial Public Offering”) was declared effective on May 10, 2022. On May 13, 2022 (the “IPO date”), the Company consummated its IPO of 9,200,000 units (“Units or “Public Units”), including 1,200,000 Units resulting from the full exercise by the underwriters of their over-allotment option. Each Unit consists of one share of Class A common stock, $0.0001 par value per share (“Common Stock”), one redeemable warrant exercisable into one share of Common Stock at an exercise price of $11.50 per share (“Public Warrant”) and one right to receive one of one share of Common Stock upon consummation of the Company’s initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $92,000,000. Simultaneously with the consummation of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”) of 3,040,000 warrants (“Private Warrants”) to the Sponsor at a price of $1.00 per Private Warrant, generating total proceeds of $3,040,000, which is described in Note 4. Transaction costs amounted to $8,698,910, consisting of $920,000 of underwriting fees, $3,680,000 of deferred underwriting fees that will be paid only if a business combination is entered into, $622,882 representing the fair value of the Representative Shares (defined below), $2,508,632 representing the fair value of the Transferred Founder Shares (defined below), and $967,396 of other offering costs. At the IPO date, cash of $923,563 was held outside of the Trust Account (as defined below) and was available for the payment of the Note (see Note 5), payment of accrued offering costs and for working capital purposes. At the IPO date, the Sponsor sold to the group of ten qualified institutional buyers and institutional accredited investors, which are not affiliated with the Company (the “Anchor Investors”), a total of 600,000 of Founder shares (“Transferred Founder Shares”) at their original purchase price of approximately $0.009, as compensation for their commitment to purchase the Units sold in the IPO. Overall, the Anchor Investors purchased 9,108,000 Units in the Initial Public Offering at the offering price of $10.00 under separate investment agreements. The excess of the fair value of the Transferred Founder Shares above the purchase price totaling $2,508,632 as of the IPO date was determined to be a contribution from the Sponsor for offering costs in accordance with Staff Accounting Bulletin Topic 5T. These offering costs were allocated to the Units and charged to stockholders’ equity upon the completion of the IPO. In conjunction with the Initial Public Offering, the Company issued to the underwriter 138,000 shares of Class A common stock for nominal consideration (the “Representative Shares”). The fair value of the Representative Shares was accounted for as compensation under Accounting Standards Codification (“ASC”) Topic 718, “Compensation — Stock Compensation” (“ASC 718”), and was included in the offering costs. The estimated fair value of the Representative Shares as of the IPO date totaled $622,882. Of the total transaction costs of $8,698,910, $8,139,659 was allocated to the Class A common stock subject to possible redemption, $152,515 was allocated to the Public Warrants (Note 3), and $406,736 was allocated to the Rights (Note 8). Following the closing of the Initial Public Offering on May 13, 2022, an amount of $92,920,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the IPO and the sale of the Private Placement Units was placed in a trust account (the “Trust Account”), to be invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its tax obligations, the proceeds from this Initial Public Offering will not be released from the Trust Account until the earlier of: (a) the completion of the Company’s initial business combination, or (b) the redemption of the Company’s public shares if the Company is unable to complete its initial business combination in the prescribed time frame, as defined below. During the years ended December 31, 2023 and 2022, the Company withdrew $1,588,710 and $0, respectively, of dividend and interest income earned in the Trust Account to pay its franchise and income tax obligations. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (as defined below) (excluding the taxes payable on interest earned and less any interest earned thereon that is released for taxes) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires an interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act 1940, as amended (the “Investment Company Act”). In connection with any proposed initial business combination, the Company will either (1) seek stockholder approval of such initial business combination at a meeting called for such purpose at which stockholders may seek to convert their shares, regardless of whether they vote for or against the proposed business combination or do not vote at all, into their pro rata share of the aggregate amount then on deposit in the Trust Account (net of taxes payable), or (2) provide its stockholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the Trust Account (net of taxes payable), in each case subject to the limitations described herein. If the Company determines to engage in a tender offer, such tender offer will be structured so that each stockholder may tender all of his, her or its shares rather than some pro rata portion of his, her or its shares. The decision as to whether the Company will seek stockholder approval of a proposed business combination or will allow stockholders to sell their shares to the Company in a tender offer will be made by the Company, solely in the Company’s discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek stockholder approval. If the Company determines to allow stockholders to sell their shares to the Company in a tender offer, it will file tender offer documents with the U.S. Securities and Exchange Commission (“SEC”) which will contain substantially the same financial and other information about the initial business combination as is required under the SEC’s proxy rules. The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the issued and outstanding shares voted are voted in favor of the Business Combination. On November 6, 2023, the Company’s Charter was amended to eliminate the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation”). The amendment will allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation (the “Amended and Restated Certificate of Incorporation”), conduct the redemptions pursuant to the tender offer rules of the SEC and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder approval of the transactions is required by law, or the Company decides to obtain stockholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each public stockholder may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction. Notwithstanding the foregoing redemption rights, if the Company seeks stockholder approval of its initial business combination and the Company does not conduct redemptions in connection with its initial business combination pursuant to the tender offer rules, the Amended and Restated Certificate of Incorporation will provide that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this Initial Public Offering, referred to as excess shares. However, the Company’s stockholders will not be restricted to vote all of their shares (including excess shares) for or against the initial business combination. Additionally, such stockholders will not receive redemption distributions with respect to the excess shares if the Company completes the initial business combination. The Company’s sponsor, officers and directors (the “initial stockholders”) have agreed not to propose any amendment to the Amended and Restated Certificate of Incorporation that would affect the Company’s public stockholders’ ability to convert or sell their shares to the Company in connection with a business combination as described herein or affect the substance or timing of the Company’s obligation to redeem 100% of its public shares if the Company does not complete a business combination within 24 months (or if the Company decides to extend the period of time to complete the initial business combination as described herein) from the closing of the Initial Public Offering (the “Combination Period”) unless the Company provides its public stockholders with the opportunity to convert their shares of common stock upon the approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company but net of franchise and income taxes payable, divided by the number of then outstanding public shares. On May 9, 2023, the Company extended the period of time to consummate its Business Combination by three months, from May 13, 2023 to August 13, 2023, pursuant to the deposit of $920,000 to the Trust Account by ConnectM (the “First Extension Payment”). The Company recognized a deferred credit in the amount of $920,000 in connection with the First Extension Payment. On August 11, 2023, the Company further extended the period of time to consummate its Business Combination by an additional three months from August 13, 2023 to November 13, 2023 (the “Second Extension Period”), pursuant to the deposit of $920,000 to the Trust Account by ConnectM (the “Second Extension Payment”). The Second Extension Payment represents the second and final of two three-month extensions permitted under the Company’s governing documents. The Company recognized a deferred credit in the amount of $920,000 in connection with the Second Extension Payment. On November 9, 2023, in connection with the MCAC stockholders’ approval of the Amended Charter and IMTA Amendment, the Company further extended the period of time to consummate its Business Combination by an additional one On December 11, 2023, the Company further extended the period of time to consummate its Business Combination by an additional one On January 8, 2024, the Company further extended the period of time to consummate its Business Combination by an additional one On February 9, 2024, the Company further extended the period of time to consummate its Business Combination by an additional one On March 11, 2024, the Company further extended the period of time to consummate its Business Combination by an additional one If the Company is unable to complete its initial business combination within the Fifth Additional Extension Period, absent an additional extension under the Additional Extension Options, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the outstanding public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any interest not previously released to the Company (net of taxes payable), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the board of directors of MCAC, dissolve and liquidate, subject (in the case of (ii) and (iii) above) to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. The Company cannot assure you that it will have funds sufficient to pay or provide for all creditors’ claims. The Company’s initial stockholders agreed to waive their rights to liquidating distributions from the Trust Account with respect to any Founder Shares held by them if the Company fails to complete its initial business combination within the Combination Period. However, if the initial stockholders acquire public shares in or after the IPO date, they will be entitled to liquidating distributions from the Trust Account with respect to such public shares if the Company fails to complete a Business Combination within the prescribed time frame. The underwriter has agreed to waive their rights to their deferred underwriting commission (see Note 7) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the public shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.10 per Public Share or (2) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes. This liability will not apply with respect to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Proposed Business Combination On December 31, 2022, MCAC, entered into an Agreement and Plan of Merger, as amended by the Amendment, by and among MCAC, ConnectM Technology Solutions, Inc., a Delaware corporation, and Chronos Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MCAC. Pursuant to the terms and conditions of the Merger Agreement, as amended by the Amendment, a business combination between MCAC and ConnectM will be effected through the merger of Merger Sub with and into ConnectM, with ConnectM surviving the merger as a wholly owned subsidiary of MCAC. As a result of the Merger, among other things, each share of ConnectM common stock, par value $0.0001 per share, and ConnectM preferred stock, par value $0.0001 per share (but excluding shares the holders of which perfect rights of appraisal under Delaware law), will be converted into the right to receive such number of shares of common stock, par value $0.0001 per share, of MCAC common stock as calculated based on the Exchange Ratio as set forth in the Merger Agreement. “Exchange Ratio” is defined in the Merger Agreement to be the quotient of (a) the merger consideration, divided by (b) the number of shares of ConnectM capital stock outstanding as of immediately prior to the Effective Time, including any shares underlying outstanding warrants to purchase ConnectM Common Stock and excluding any shares of ConnectM capital stock held in treasury by ConnectM. The Merger Consideration is 14,500,000 shares of MCAC Common Stock, subject to an upward adjustment depending on the extent to which MCAC’s transaction expenses exceed $8,000,000. Consummation of the transactions contemplated by the Merger Agreement are subject to satisfaction or waiver of customary conditions of the respective parties, including receipt of required regulatory approvals, receipt of approval from shareholders of each of the company and ConnectM for consummation of the Merger and certain other actions related thereto by our shareholders. The Merger Agreement, as amended by the Amendment, may be terminated prior to the time at which the Merger becomes effective as follows: (i) by mutual written consent of MCAC and ConnectM, (ii) by either MCAC or ConnectM if the Merger is not consummated on or before May 13, 2024 (the “Outside Date”), provided that the failure to consummate the Merger by the Outside Date is not due to a material breach by the party seeking to terminate and which such breach is the proximate cause for the conditions to close not being satisfied, (iii) by either MCAC or ConnectM if the other party has breached any of its covenants or representations and warranties such that closing conditions would not be satisfied at the consummation of the business combination (subject to a 30-day cure period for breaches that are curable), provided that such right to terminate will not be available to either party if it has breached in any material respect its obligations set forth in the Merger Agreement in any manner that will have proximately contributed to the occurrence of the failure of a condition to the consummation of the Merger, (iv) by either MCAC or ConnectM if a governmental entity shall have issued a law or final, non-appealable governmental order, rule or regulation permanently restraining, enjoining or prohibiting the consummation of the Merger, provided that, the party seeking to terminate cannot have breached its obligations under the Merger Agreement in a manner that has proximately contributed to the governmental action, (v) by either MCAC or ConnectM if MCAC stockholder approval shall not have been obtained by reason of the failure to obtain the required vote upon a vote held at the special meeting or any adjournment thereof, (vi) by written notice from MCAC to ConnectM if the Company stockholders do not approve the merger agreement within two days following the date of the Merger Agreement, or (vii) by written notice from ConnectM to MCAC if the board of directors of MCAC shall have publicly withdrawn, modified, withheld or changed its recommendation to vote in favor of the Merger and other proposals, if such notice is given by ConnectM within 15 In the event the Merger Agreement is terminated in certain of the circumstances described above, MCAC will be obligated to reimburse ConnectM for up to $1,200,000 of its transaction expenses. In connection with the proposed business combination with ConnectM, MCAC has entered and plans to enter into certain related agreements, including the below. Sponsor Support Agreement In connection with the execution of the Merger, the Sponsor entered into a sponsor support agreement with MCAC, certain independent directors of MCAC, and ConnectM, pursuant to which the Sponsor and the independent directors of MCAC have agreed to waive, subject to, conditioned upon and effective as of immediately prior to, the Effective Time, the adjustment to the conversion ratio set forth in our charter with respect to our Founder Shares and vote all shares of our Class A Common Stock and Class B Common Stock beneficially owned by them in favor of the Merger. The Sponsor and the independent directors of MCAC have also agreed, that in the event less than all of the holders of our Class B Common Stock execute the Registration Rights Agreement, they will agree to waive certain rights under that certain Registration Rights Agreement, dated May 10, 2022, by and among MCAC, Sponsor and the independent directors. Company Stockholder Support Agreement In connection with the execution of the Merger Agreement, MCAC entered into a stockholder support agreement with ConnectM and the Company stockholders, pursuant to which the Company stockholders agreed to vote all shares of ConnectM Stock beneficially owned by them in favor of the Merger. Lock-Up Agreement/Transfer Restrictions In connection with the execution of the Merger Agreement, MCAC, the Sponsor, and certain ConnectM Stockholders also entered into lock-up agreements, which shall become effective as of the Effective Time, pursuant to which, subject to certain limited exceptions, each of the Sponsor and the Company stockholders has agreed not to transfer any of its shares of our Class A Common Stock and Class B Common Stock during the period beginning on the closing date of the business combination and ending on the earlier of (A) 180 days after the Closing Date and (B)(x) the date on which the price of our Class A Common Stock equals or exceeds $16.50 for any 20 30 150 2023 Equity Incentive Plan MCAC has agreed to approve and adopt an incentive award plan (the “2023 Equity Incentive Plan”), which will be effective as of the Closing and in a form mutually acceptable to the board of directors of MCAC. The 2023 Equity Incentive Plan shall provide for an initial aggregate share reserve equal to the sum of (a) 10% of the number of shares of MCAC Common Stock outstanding immediately following the Effective Time after giving effect to the transactions contemplated hereby, plus (b) an annual increase on the first day of each calendar year beginning on the first January 1 following the Closing and ending on and including January 1 of the tenth calendar year thereafter, equal to the lesser of (i) 4% of the aggregate number of shares of MCAC Common Stock outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as is determined by the administrator of the 2023 Equity Incentive Plan. Amended and Restated Registration Rights Agreement In connection with the Closing, MCAC, the Sponsor, certain existing stockholders of MCAC and certain stockholders of ConnectM who will receive shares of MCAC Common Stock pursuant to the Merger Agreement will enter into an amended and restated registration rights agreement (“Registration Rights Agreement”) mutually agreeable to MCAC and ConnectM and in substantially the form attached to the Merger Agreement, which will become effective upon the consummation of the Merger. MCAC has agreed that, prior to the Closing, it will request that each holder of our Class B Common Stock execute an amended and restated registration rights agreement (“Registration Rights Agreement”) mutually agreeable to MCAC and ConnectM and in substantially the form attached to the Merger Agreement, among MCAC, certain stockholders of ConnectM and each holder of our Class B Common Stock. Forward Purchase Agreement In connection with the execution of the Merger Agreement, MCAC and Meteora Special Opportunity Fund (“Meteora”), entered into the Forward Purchase Agreement for a Forward Purchase Transaction. Pursuant to the terms of the Forward Purchase Agreement, Meteora intends to purchase in the open market through a broker shares of Class A Common Stock, after the date of the Forward Purchase Agreement from holders of our Class A Common Stock (other than MCAC or affiliates of MCAC), including from those who have elected to redeem shares of our Class A Common Stock pursuant to the redemption rights set forth in our charter, in connection with the execution of the Merger Agreement, up to a maximum of 6,600,000 shares of our Class A Common Stock at a price equal to the estimated redemption price of approximately $10.88 per share of our Class A Common Stock (based on the amount of $78,702,824 held in the Trust Account as of December 31, 2023, plus $30,533 estimated income taxes to be paid into the Trust Account upon receipt of income tax refund from the Internal Revenue Service) to be paid to investors who elect to redeem their shares at MCAC’s redemption deadline (the “Initial Price”); provided that Meteora may not beneficially own greater than 9.9% of the issued and outstanding shares on a post-merger pro forma basis. Meteora has agreed to waive any redemption rights with respect to any shares of our Class A Common Stock in connection with the Merger. Such waiver may reduce the number of shares of our Class A Common Stock redeemed in connection with the Merger, which reduction could alter the perception of the potential strength of the Merger. The number of shares of our Class A Common Stock purchased by Meteora, not including the Share Consideration Shares (as defined below), shall be referred to as the “Recycled Shares.” The Forward Purchase Agreement provides that not later than one local business day following the closing date of the merger (the “Prepayment Date”), MCAC will pay to Meteora, out of funds held in the Trust Account, a cash amount (the “Prepayment Amount”) equal to (x) the product of the number of Recycled Shares and the Initial Price less (y) an amount equal to 1% of the product of the number of Recycled Shares and the Initial Price (the “Prepayment Shortfall”). At the written request of Meteora, the Prepayment Amount must be deposited into an escrow account simultaneously with the Closing. In addition to the Prepayment Amount, MCAC shall pay directly from the Trust Account on the Prepayment Date, an amount equal to the product of 40,000 and the Initial Price (the “Additional Consideration”), for the purpose of repayment of Meteora having actually purchased additional shares of Class A Common Stock (the “Share Consideration Shares”) from third parties prior to the Closing. The Additional Consideration shall be free and clear of all obligations of Meteora in connection with signing a definitive agreement for the Forward Purchase Tra

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) was originally incorporated on July 19, 2016, under the Commonwealth of Massachusetts. On March 22, 2019, the Company re-domesticated under the laws of the state of Delaware. ConnectM is a clean energy technology and solutions provider for residential and light commercial buildings and all-electric original equipment manufacturers (“OEMs”), with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The Company’s technology platform encompasses marketing to life cycle management, customer care to claims processing, finance to rebates/incentives. The Company’s architecture melds artificial intelligence with the humankind, and learns from the data it generates to become better at providing technology solutions to customers and quantifying customer lifetime value. In addition to digitizing electrification end-to-end, we also reimagined the underlying business model to minimize customer churn while maximizing trust and improving environmental impact. The Company uses its proprietary full-stack technology platform and network of electro-mechanical assets: Intelligent Heating, Ventilation and Air Conditioning (“HVAC”) appliances, Electric Vehicle (“EV”) chargers, and solar products to provide its full suite of services to its customers. The Company is headquartered in Marlborough, Massachusetts and has grown significantly through its acquisition-focused strategy. The Company’s unaudited condensed consolidated financial statements include the accounts of ConnectM, its fully owned subsidiaries and entities in which the Company owns a controlling financial interest. On July 12, 2024 (the “Closing Date”), ConnectM Technology Solutions, Inc., a Delaware corporation, consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022, by and among the Company, Chronos Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meeting of the stockholders of Monterrey Capital Acquisition Corporation held on July 10, 2024. Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Legacy ConnectM, with Legacy ConnectM surviving the merger as a wholly owned subsidiary of the Company (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “business combination”). On the Closing Date, Monterey Capital Acquisition Corporation changed its name to “ConnectM Technology Solutions, Inc.” The Business Combination is accounted for as a reverse recapitalization, and as such all shares, options, and warrants have been retroactively adjusted based on the Exchange Ratio in the agreement. As of the open of trading on July 15, 2024, the Common Stock began trading on the Nasdaq Global Market under the symbol “CNTM.” The accompanying unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements here within are presented in thousands with the exception of share data, which are presented in whole U.S dollars. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto as of and for the year ended December 31, 2023. The interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any future periods. Going Concern The Company’s unaudited condensed consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company incurred net losses of $12.2 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively, and $17.0 39.9 The Company’s ability to fund its operations is dependent upon management’s plans, which include raising capital through issuances of debt and equity securities, and extending existing debt agreements. A failure to raise sufficient financing and/or extend existing debt agreements, among other factors, will adversely impact the Company’s ability to meet its financial obligations as they become due and payable and to achieve its intended business objectives. Accordingly, based on the considerations discussed above, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements are issued. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should the Company be unable to continue as a going concern. Significant Accounting Policies There have been no changes to our significant accounting policies described within the Notes to the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Certain required disclosures relating to our significant accounting policies are disclosed below. Business combinations The Company accounts for business combinations using the acquisition method of accounting and records any identifiable intangible assets separate from goodwill. Intangible assets are recorded at their fair value based on estimates as of the date of acquisition. Goodwill is recorded as the residual amount of the purchase price consideration less the fair value assigned to the individual identifiable assets acquired and liabilities assumed as of the date of acquisition. The Company allocates the purchase price of the acquisition to the assets acquired and liabilities assumed based on estimates of the fair value at the dates of the acquisition. The results of operations for an acquired business are included in the Company’s unaudited condensed consolidated financial statements from the date of acquisition. Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles-Goodwill and Other Net Loss Per Share EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s unaudited condensed consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the three and nine months ended September 30, 2024 and 2023, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494 ​ Investment Recorded at Cost The Company accounts for its investment in cost securities in accordance with Accounting Standards Codification (“ASC”) 321, Investments — Cost Securities As of September 30, 2024, the Company had approximately $45 thousand of an investment carried at cost, which is included in Investment, cost in the accompanying unaudited condensed consolidated Balance Sheet. The Company makes a qualitative assessment of whether the investment in cost securities are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value, and if the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net income equal to the difference between the carrying value and fair value. Through September 30, 2024, the Company has determined that no indicators of impairment were triggered through its qualitative analysis, which utilizes external factors such as the health of the United States Stock Market, as well as information provided to the Company by the Company’s cost method investee. As such, no impairment losses were recognized for the three and nine months ended September 30, 2024. Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign-currency risks. The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed consolidated statements of operations and comprehensive income (loss). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for its Forward Purchase Agreement in accordance with ASC 815-40. Accordingly, the Company recognizes the forward purchase agreement asset at fair value at each reporting period. The assets are subject to re-measurement at each balance sheet date, and any change in fair value is recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss). Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in ASU 2016-13 added Topic 326, Financial Instruments—Credit Losses Financial Instruments— Credit Losses—Available-for-Sale Debt Securities Recently Released Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topics 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating this ASU and does not expect the adoption of this standard to have a material impact on its unaudited condensed consolidated financial statements and related disclosures. The Company does not believe that any other recently issued accounting pronouncements not yet adopted will have a material effect on its condensed consolidated financial statements.
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES		NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary and are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. All significant intercompany balances and transactions have been eliminated in consolidation. Emerging Growth Company The Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Offering Costs Offering costs consist of underwriting, legal, accounting and other expenses incurred through the balance sheet date that are directly related to the IPO and were charged to temporary equity, equity and/or expense upon the completion of the Initial Public Offering. The fair value of the Representative Shares was accounted for as compensation under ASC 718, was included in the offering costs at the IPO date. In addition, under the guidance in Staff Accounting Bulletin 107 Topic 5T, Accounting for Expenses or Liabilities Paid by Principal Stockholder(s), the Company included in offering costs amounts incurred by the Sponsor through the sale of Founder Shares to Anchor Investors on behalf of the Company (Note 5). The excess of the fair value of the Founder Shares was deemed a contribution from the Sponsor for offering costs and working capital. Business Combination Costs Costs incurred in relation to a potential business combination may include legal, accounting and other expenses. Any such costs are expensed as incurred. The Company incurred approximately $1.2 million and $0.6 million, respectively, of Business Combination costs for the years ended December 31, 2023 and 2022. Net Loss per Common Stock share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share” (“ASC 260”). Net loss per share is computed by dividing net loss by the weighted average number of Common Stock outstanding during the period. The weighted average shares for the period from September 23, 2021 (inception) through May 13, 2022 were reduced for the effect of an aggregate of 300,000 Class B Common Stock that were subject to forfeiture until the initial public offering. The Company’s consolidated statements of operations include a presentation of net loss per share subject to possible redemption in a manner similar to the two-class method of income per share. With respect to the accretion of the Class A Common Stock subject to possible redemption and consistent with ASC 480-10-S99-3A, the Company deemed the fair value of the Class A Common Stock subject to possible redemption to approximate the contractual redemption value and the accretion has no impact on the calculation of net loss per share. The Company’s Public Warrants (see Note 3) and Private Warrants (see Note 4) could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. However, these warrants were excluded when calculating diluted loss per share because such inclusion would be anti-dilutive for the periods presented. As a result, diluted loss per share is the same as basic loss per share for all periods presented. A reconciliation of net loss per share is as follows for the year ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ redemption Class A Class B Totals Allocation of undistributable losses ​ ​ (11,732,741) ​ ​ (181,724) ​ ​ (3,028,738) ​ ​ (14,943,203) Net loss to common stock ​ $ (11,732,741) ​ $ (181,724) ​ $ (3,028,738) ​ $ (14,943,203) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 8,909,750 ​ 138,000 ​ 2,300,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (1.32) ​ $ (1.32) ​ $ (1.32) ​ ​ ​ ​ A reconciliation of net loss per share is as follows for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ ​ redemption ​ Class A ​ Class B ​ Totals Allocation of undistributable losses ​ ​ (2,711,247) ​ ​ (40,669) ​ ​ (1,011,722) ​ ​ (3,763,638) Net loss to common stock ​ $ (2,711,247) ​ $ (40,669) ​ $ (1,011,722) ​ $ (3,763,638) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 5,872,877 ​ 88,093 ​ 2,191,507 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (0.46) ​ $ (0.46) ​ $ (0.46) ​ ​ ​ ​ Marketable Securities Held in Trust Account At December 31, 2023 and 2022, the assets held in the Trust Account were substantially held in a treasury trust fund investing in U.S. Treasury Bills and U.S. Treasury Notes. These securities are presented on the consolidated balance sheet at fair value at the end of each reporting period. Earnings on these securities are included in dividend and interest income in the accompanying consolidated statements of operations and are automatically reinvested. The fair value for these securities is determined using quoted market prices in active markets. During the years ended December 31, 2023 and 2022, the Company withdrew $1,588,710 and $0, respectively, of dividend and interest income from the Trust Account for payment of franchise and income tax obligations. Other Income During the year ended December 31, 2022 the Company received a $55,466 unconditional and non-refundable reimbursement for certain general and administrative expenses incurred by the Company, from a potential target. This amount was recorded as other income in the accompanying consolidated statement of operations for the year ended December 31, 2022. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying consolidated balance sheet, primarily due to their short-term nature. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts. Share-Based Payment Arrangements The Company accounts for stock awards in accordance with Accounting Standards Codification (“ASC”) 718, “Compensation — Stock Compensation,” which requires that all equity awards be accounted for at their fair value. Fair value is measured on the grant date and is equal to the underlying value of the stock. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from the Company’s initial estimates; previously recognized compensation cost is reversed if the service or performance conditions are not satisfied, and the award is forfeited. Class A Common Stock Subject to Possible Redemption The Company accounts for its common stock subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”). Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock sold as part of the Initial Public Offering, features certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, all common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. The redemption values as of December 31, 2023 and 2022, include $100,000 that can be used to pay any dissolution expenses, should a dissolution event occur. The redemption value of the Class A common stock subject to possible redemption will be reduced by the estimated dissolution expenses to be paid from the interest earned in the trust account, up to $100,000, if and when a dissolution is deemed probable. The reconciliation of Class A common stock subject to possible redemption as of December 31, 2023 and 2022 is as follows: ​ ​ ​ ​ Gross proceeds from sale of Public Units $ 92,000,000 Less: Proceeds allocated to Public Warrants (Note 3) ​ ​ (1,613,009) Less: Proceeds allocated to Rights (Note 3) ​ ​ (4,301,659) Less: Proceeds allocated to underwriter’s overallotment option (Note 7) ​ ​ (52,147) Less: Issuance costs allocated to Class A common stock subject to possible redemption ​ ​ (8,139,659) Accretion to redemption value of Class A common stock subject to possible redemption ​ ​ 15,026,474 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 848,637 Class A common stock subject to possible redemption as of December 31, 2022 ​ $ 93,768,637 Accretion to redemption value of Class A common stock subject to possible redemption due to extension payments ​ ​ 2,491,431 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 3,434,458 Less: Redemption of Class A common stock ​ ​ (20,961,169) Class A common stock subject to possible redemption as of December 31, 2023 ​ $ 78,733,357 ​ Derivative Financial Instruments The Company issued warrants to its investors and accounts for warrant instruments as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the warrants and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own stock and whether the holders of the warrants could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. At the IPO date, the Public Warrants and Rights (see Note 3) and Private Warrants (see Note 4) were accounted for as equity instruments as they meet all of the requirements for equity classification under ASC 815 based on current expected terms, which are subject to change. The Forward Purchase Agreement with Meteora entered into on December 31, 2022 resulted in Meteora holding a put option on shares to be purchased pursuant to the agreement, up to the maximum of 6,600,000. Pursuant to ASC 815, Derivatives and Hedging, this instrument meets the definition of a derivative and accordingly will be recognized at fair value. The fair value of this put option liability was estimated at $18,370,000 and $2,770,000 at December 31, 2023 and 2022, respectively, assuming Meteora will purchase the maximum number of shares at the consummation of the Business Combination. The Forward Purchase Agreement liability resulted in the recognition of a $15,600,000 and $2,770,000 loss on the change in fair value of Forward Purchase Agreement Liability in the Company’s consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of December 31, 2023 and 2022, the Company held Level 1 financial instruments, which are the Company’s marketable securities held in the Trust Account. The Forward Purchase Agreement liability was valued as of December 31, 2023 and 2022 using the Black-Scholes Option Pricing Model, assuming that Meteora will purchase the maximum number of shares of 6,600,000 at the business combination date, Meteora will receive $12.88 and $12.20 per share, respectively, upon the put option exercise and hold the shares until the end of its estimated contractual maturity period of 3.25 years. The fair value of the resulting put option at December 31, 2023 and 2022, was adjusted for 80% and 12% probability of the completion of a business combination, respectively. Additionally, the valuation utilized a 41.7% and 43.2% volatility rate as of December 31, 2023 and 2022, respectively, and a 4.0% and 4.2% discount rate as of December 31, 2023 and 2022, respectively. As such, the Forward Purchase Agreement liability is considered to be a recurring Level 3 fair value measurement. During the year ended December 31, 2022, the Company issued an overallotment option to the underwriter (see Note 8), the fair value of which was measured using the Black Scholes Option Pricing Model with significant unobservable inputs. The overallotment option was fully exercised on the IPO date. The fair value was based on the share price of the underlying shares and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. Therefore, the overallotment liability is considered to be a Level 3 financial instrument. The fair value of the overallotment liability at the IPO date of $52,147 was determined using the Black Scholes option pricing model based on the following assumptions: ​ ​ ​ ​ ​ Risk-free interest rate 0.73 % Dividend rate 0.00 % Volatility 5.00 % Expected life (in years) 0.12 ​ ​ The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2023. ​ ​ ​ ​ ​ ​ Forward ​ ​ Purchase ​ ​ Agreement ​ ​ Liability Balance at January 1, 2023 ​ $ 2,770,000 Change in fair value of Forward Purchase Agreement Liability ​ 15,600,000 Balance at December 31, 2023 ​ $ 18,370,000 ​ The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward ​ ​ ​ ​ ​ Purchase ​ ​ Overallotment ​ Agreement ​ Liability Liability Balance at January 1, 2022 $ — ​ $ — Issuance of overallotment option ​ 52,147 ​ ​ — Exercise of overallotment option ​ (52,147) ​ ​ — Change in fair value of Forward Purchase Agreement Liability ​ ​ — ​ ​ 2,770,000 Balance at December 31, 2022 ​ $ — ​ $ 2,770,000 ​ Promissory Note — Related Party The Sponsor had agreed to loan the Company an aggregate of up to $400,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Note”). The Note was non - interest bearing and payable on the earlier of June 24, 2022 or the consummation of the Initial Public Offering. The Note totaled $0 as of December 31, 2023 and 2022, respectively. The Note balance of $354,100 as of the IPO date was repaid on May 16, 2022 from the proceeds of the Initial Public Offering not placed in the Trust Account. Working Capital Loan The Working Capital Loans (Note 5) are issued in the form of convertible notes. The embedded feature to convert the Working Capital Loans into Private Warrants at a price of $1.00 per warrant (the “Embedded Feature”) does not meet the definition of a derivative under ASC 815 and is not required to be accounted for separately, as it is eligible for the scope exception under ASC 815-10-15-74(a) related to contracts indexed to the Company’s own stock. Due to Sponsor – related party The Due to Sponsor – related party balance as of December 31, 2023 totaled $68,460, of which $63,600 represents unpaid monthly administrative fees and $4,860 represents cash collected on behalf of the Sponsor in connection with the sale of the Founder Shares to the Anchor Investors (Note 5). These funds will be remitted to the Sponsor in the normal course of business. The Due to Sponsor balance as of December 31, 2022 of $9,960 includes $5,100 in unpaid monthly administrative fees and $4,860 in cash collected on behalf of the Sponsor in connection with the sale of the Founder Shares to the Anchor Investors (Note 5). Income Taxes The Company adopted ASC 740, “Income Taxes”, at its inception. Under ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry-forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the tax benefits of uncertain tax positions only when the positions are “more likely than not” to be sustained assuming examination by tax authorities and determined to be attributed to the Company. The determination of attribution, if any, applies for each jurisdiction where the Company is subject to income taxes on the basis of laws and regulations of the jurisdiction. The application of laws and regulations is subject to legal and factual interpretation, judgement, and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations, and court rulings. Therefore, the actual liability of the various jurisdictions may be materially different from management’s estimate. As of December 31, 2023 and 2022, the Company has no accrued interest or penalties related to uncertain tax positions. The Company is subject to income tax examinations by major taxing authorities since inception. Recent Accounting Standards The Company does not expect any recently issued standards to have a material impact on the Company’s consolidated financial statements.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	12 Months Ended
	Dec. 31, 2023
Monterey Capital Acquisition Corporation
INITIAL PUBLIC OFFERING
INITIAL PUBLIC OFFERING	NOTE 3 — INITIAL PUBLIC OFFERING On May 13, 2022, the Company sold 9,200,000 Units at a price of $10.00 per Unit. Each Unit consists of one share of Common Stock, par value $0.0001 per share, one Public Warrant and one right to receive one

PRIVATE PLACEMENT

PRIVATE PLACEMENT	12 Months Ended
	Dec. 31, 2023
Monterey Capital Acquisition Corporation
PRIVATE PLACEMENT
PRIVATE PLACEMENT	NOTE 4 — PRIVATE PLACEMENT On May 13, 2022, in the private placement that occurred simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 3,040,000 warrants (each a “Private Warrant”) at a price of $1.00 per warrant, for an aggregate purchase price of $3,040,000. Each Private Warrant entitles the holder to purchase one share of Class A common stock, subject to adjustment. The proceeds from the private placement of the Private Warrants funded the trust account, IPO issuance costs and will fund the future operations prior to the business combination. If the Company does not complete an initial business combination within the Combination Period, the remaining proceeds, after payments from the sale of the Private Warrants, will be included in the liquidating distribution to the public stockholders and the Private Warrants will be worthless (see Note 8).

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
DUE TO RELATED PARTY	NOTE 15 — DUE TO RELATED PARTY As part of the Business Combination, the Company assumed certain related party payables with the Sponsor of Monterey Acquisition Corp. These payables comprise the Due to Related Party on the unaudited condensed consolidated balance sheet. The first type of payable assumed are working capital loans that the Sponsor provided to Monterey Acquisition Corp. These working capital loans are due on demand and carry no interest. They are convertible into warrants at $1.00. The warrants would have a 5 year term and an exercise price of $11.50. The amount assumed in the Business Combination was $0.4 million. As of September 30, 2024, there was $0.4 million outstanding. The second type of payable assumed are two unsecured promissory notes with the Sponsor for a combined principal amount of $65 thousand. The notes are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $65 thousand. As of September 30, 2024, the notes had an outstanding principal balance of $65 thousand. The third type of payable assumed was monies advanced to Monterey Acquisition Corp. by the Sponsor for administrative support. These advances are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $0.1 million. As of September 30, 2024, the notes had an outstanding principal balance of $0.1 million. The total due for these payables as of September 30, 2024 was $0.6 million.
Monterey Capital Acquisition Corporation
RELATED PARTY TRANSACTIONS
DUE TO RELATED PARTY		NOTE 5 — RELATED PARTY TRANSACTIONS Founder Shares In October 2021, the Sponsor paid $25,000, or approximately $0.009 per share, to cover certain offering costs in consideration for 2,875,000 shares of Class B common stock, par value $0.0001 (the “Founder Shares”). On May 10, 2022, the Sponsor surrendered 575,000 Founder Shares, for no consideration, resulting in the Sponsor and directors continuing to hold 2,300,000 Founder Shares. Up to 300,000 Founder Shares were subject to forfeiture to the extent that the over-allotment option (see Note 7) was not exercised in full by the underwriter. As the Underwriters exercised their overallotment option in full at the IPO date, the forfeiture provisions lapsed for 300,000 Founder Shares. On October 28, 2021, the Sponsor transferred 25,000 Founder Shares to each of Kathy Cuocolo, Leela Gray and Stephen Markscheid, the independent directors of MCAC. In addition, at the IPO date, the Sponsor sold 60,000 Founder Shares to each Anchor Investor, or the aggregate of 600,000 Founders Share to the group of ten Anchor Investors (see Note 1). The proceeds of $4,860 from the sale were collected by the Company on behalf of the Sponsor and are included in Due to Sponsor – related party on the accompanying consolidated balance sheets as of December 31, 2023 and 2022, respectively. Working Capital Loans In order to fund working capital deficiencies and finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). The Company will repay the Working Capital Loans upon the completion of a Business Combination. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. During the years ended December 31, 2023 and 2022, the Sponsor loaned the Company $582,457 and $157,000 in Working Capital Loans, respectively. The Working Capital Loans are to be repaid upon consummation of a Business Combination, without interest, or, at the lender’s option, up to $1.5 million of the outstanding Working Capital Loans are convertible into Private Warrants at a price of $1.00 per warrant. As of December 31, 2023 and 2022, the Company had $739,457 and $157,000, respectively, borrowed under the Working Capital Loans from the Sponsor included in Convertible note – related party in the accompanying consolidated balance sheets. Administrative Support Agreement In conjunction with the IPO closing, the Company entered into the administrative support agreement under which it pays the Sponsor a total of $10,000 per month for office space, secretarial and administrative services. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company incurred $120,000 and $75,000 under the agreement during the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, $63,600 and $5,100, respectively, was due under the administrative support agreement, included in Due to Sponsor - related party (see Note 2) on the consolidated balance sheet.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
CONVERTIBLE NOTES
DEBT	NOTE 7 — DEBT Secured Promissory Note Agreement In February of 2022, the Company entered into secured promissory note agreements with two lenders for a total of $1.4 million. In connection with the issuance of the secured promissory notes, the Company issued warrants to each lender that may be converted into shares of common stock of the Company. The secured promissory notes mature in February of 2025. Interest is charged at an annual simple rate of 9.25%, which increases to 12% upon the occurrence of an Event of Default, defined as the following. “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any of its debt when due and such failure continues for a period of thirty (30) days after the due date; (ii) the Company breaches any material covenant or other term or condition of the secured promissory note agreements, which breach results in a material adverse effect to the lenders and such breach, if capable of cure, continues for a period of thirty (30) days after the Company shall have received written notice of such breach from any lender; (iii) any representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the secured promissory note agreements or in connection therewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of forty-five (45) days after the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets (a) for more than $1.0 million or (b) which grants injunctive relief that results, or creates a material risk of resulting in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (vi) the Company fails to make any payment when due. The debt discount at issuance of these notes amounted to $83 thousand. Amortization expense related to the debt discount amounted to $7 thousand for both of the three months ended September 30, 2024 and 2023, respectively. Amortization expense related to the debt discount amounted to $21 thousand for both of the nine months ended September 30, 2024 and 2023, respectively. Amortization expense is included within “Interest expense” in the accompanying unaudited condensed statements of operations and comprehensive loss. The unamortized debt discount as of September 30, 2024 and December 31, 2023 amounted to $12 thousand and There were 77,494 warrants that were issued in connection with the issuance of the secured promissory notes that have an exercise price of $3.61 per share. The fair value of these warrants amounted to $83 thousand. Such warrants are exercisable at any point for a period of 10 years from the date issued. The warrants are not transferable, nor do they carry any voting rights or other rights of a shareholder. The holders of the warrants cannot net settle, and all exercises of such warrants must be completed in cash. During the year ended December 31, 2023, the Company issued an additional $5.5 million of secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). However, no warrants were issued in connection with the issuance of these additional secured promissory notes. These Promissory Notes have maturity dates ranging from November of 2023 to December of 2024. For the notes with original maturity dates prior to the date these financial statements are issued, the Company reached agreements with the noteholders to extend the maturity date to the earlier of May 31, 2024 or the date of the transaction with MCAC. The notes accrue interest at a simple annual interest rate that ranges from 18% to 24.0%. Additionally, the Company is not required to make any payments under these promissory notes prior to maturity. During the nine months ended September 30, 2024, the Company issued 14 additional secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). No warrants were issued in connection with the issuance of these additional secured promissory notes. These additional secured promissory notes totaled $4.1 million. The notes do not require payment of interest or principal until the maturity dates, which range from August 15, 2024 to June 30, 2025. The interest rate for these notes ranges from 20% to 24%. The total amount outstanding under these promissory note agreements as of September 30, 2024 and December 31, 2023 were $11.3 million and $7.4 million, respectively. 2022 Convertible Notes The Company issued $1.4 million of convertible notes in September of 2022 (the “2022 Convertible Notes”). On February 22, 2023, the convertible notes were amended to clarify how these Convertible Notes convert. The convertible notes include an automatic conversion upon the occurrence of a Qualified Financing, defined below. These convertible notes convert at a quotient, the numerator of which is the entire principal of the convertible notes and any interest accrued and the denominator is the lesser of 80% of the price per share to be sold in a financing event, or $2.11 per share, adjusted for stock dividend, stock split, combination, or other similar recapitalization with respect to such class or series. This modification did not change the future cash flows of the notes. These convertible notes mature on the earlier of two years from the date of issuance (September 2024), or upon the consummation of a Qualified Financing or Business Combination. A Qualified Financing is defined as the next transaction or series of transactions after the issuance of the convertible notes in which the Company sells shares of its privately issued equity securities resulting in gross proceeds to the Company of at least $5.0 million, not including the convertible notes. A Business Combination is defined as the Business Combination with Monterey Acquisition Corp. Interest is charged at an annual (simple) rate of 5.0%; the rate increases to 8.0% upon the occurrence of an Event of Default. An “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any debt when due and such failure continues for a period of fifteen (15) business days after receipt of notice thereof from the respective holder of such debt; (ii) the Company breaches any material covenant or other term or condition of the convertible notes, which breach results in a material adverse effect to the respective Company and such breach, if capable of cure, continues for a period of thirty (30) days after the date upon which the Company shall have received written notice of such breach from such lender; (iii) any material representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the convertible notes agreement or in connection herewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of thirty (30) days after the date upon which the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets for more than $0.1 million, or which grants injunctive relief that results or is likely to result in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; or (vi) the Company shall fail to make any payment when due (taking into effect any applicable grace or cure periods) of any other indebtedness, or fail to perform or observe the terms of any agreement or instrument related to any indebtedness and such failure shall cause the acceleration of such indebtedness. The Company is not required to make principal payments on these notes until maturity. During the year ended December 31, 2023, the Company issued an additional $0.9 million of convertible notes with the same terms as described above. On July 12, 2024, the Company consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”). Refer to Note 13 – Merger Agreement for further details. The 2022 Convertible Notes and all accrued interest converted into 1,067,592 shares of CNTM stock. The fair value of these shares was $3.8 million. The Company accounts for these convertible notes outstanding, under the fair value option, which resulted in a remeasurement loss of $1.6 million and $1.6 million for the three and nine months ended September 30, 2024, respectively. The company recorded a remeasurement gain of $0.2 million for the three and nine months ended September 30, 2023. The unpaid principal balance as of September 30, 2024 and December 31, 2023 was $0 and $2.3 million, respectively. The fair value remeasurement is included within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. 2024 Convertible Notes The Company issued $0.7 million of convertible notes to various lenders in September 2024 (the “2024 Convertible Notes”). Each individual note is identical to the others and has the same terms, except for the amount of principal commitment by the respective holder. The notes bear interest rate at a rate of 20% per annum with principal and accrued interest maturing in March 2025. The 2024 Convertible Notes are convertible at the option of the holder into shares of the Company’s common stock at a conversion price of $1.00 per share. The number of shares issuable upon conversion is determined by dividing the sum of the outstanding principal and accrued interest by the conversion price. The conversion option is exercisable until 90 days from issuance. The 2024 Convertible Notes may be prepaid in full or in part by the Company at any time without penalty. The 2024 Convertible Notes include standard default provisions, including (a) Failure by the Company to perform its obligations with respect to the conversion of the principal amount of the notes into conversion shares pursuant to the agreement or to otherwise satisfy its obligations under the notes (b) voluntary bankruptcy, and (c) involuntary bankruptcy. In the event of default, the unpaid principal and accrued interest become immediately due and payable without further action from the holder. The 2024 Convertible Notes has been classified as a liability on the condensed consolidated balance sheet as of September 30, 2024. The Company accounts for the 2024 Notes under the fair value option, which resulted in a remeasurement loss of $22 thousand for three and nine months ended September 30, 2024. The fair value remeasurement is recorded within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. As of September 30, 2024, there is $0.7 million outstanding on the 2024 Convertible Notes. ​ EFH Convertible Note On July 10, 2024, Monterey Capital Acquisition Corporation (the “MCAC”) entered into a (i) Satisfaction and Discharge of Indebtedness Pursuant to Underwriting Agreement Dated May 10, 2022 (the “Discharge Agreement”) and (ii) Promissory Note (the “Note”), in each case with EF Hutton LLC (formerly EF Hutton, a division of Benchmark Investments, LLC, “EFH”). On July 11, 2024, the Company and EFH amended and restated the Discharge Agreement (the “Amended Discharge Agreement”) and the Note (the “EFH Convertible Notes”). Pursuant to the Amended Discharge Agreement, in lieu of the Company tendering the full amount of the $3.7 million Deferred Underwriting Commission (as defined in the Underwriting Agreement, dated May 10, 2022, by and between the Company and EFH) in cash at the closing of the Company’s initial business combination, EFH agreed to accept from the Company (i) a payment of $0.5 million in cash within 30 days of the closing of the Company’s initial business combination pursuant to the Amended Note and (ii) issuance of the Amended Note. The EFH Convertible Note has a principal amount of $3.7 million matures in one year and shall be due and payable upon the demand of EFH and upon certain events of default. The Company may prepay the Amended Note in whole or in part at any time without penalty. In addition, the Company is obligated to pay toward the Note Small Business Administration (SBA) Loans On June 5, 2020, the Company entered into an SBA Loan agreement in the amount of $0.2 million. The payment terms under this loan required monthly payments of $731 per month for a total of thirty years. In 2021, this loan was amended to increase the total borrowing to $0.5 million with monthly payments of $1 thousand for a total of thirty years. Interest under this SBA loan is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under this SBA loan as of September 30, 2024 and December 31, 2023 was $0.5 million. This loan matures in June 2050. In 2022, in connection with the acquisitions of FSP and CSH, the Company assumed two additional SBA loans for $0.2 million each. The payment terms under these loans required monthly payments of $731 per month for a total of thirty years. Interest under each of these SBA loans is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under these SBA loans as of September 30, 2024 and December 31, 2023 was $0.3 million and $0.3 million, respectively. These loans mature in June 2050. The SBA loans are collateralized by all tangible and Intangible personal property of the Company. PPP (Paycheck Protection Program) Loan On May 4, 2020, the Company entered into a PPP Loan agreement in the amount of $0.2 million. Payments were not required under the loan for a period from six months from the date of the initial borrowing, upon which payments are required to be made monthly. Interest under this PPP loan accrues at 1.00% annually on funds outstanding. The maturity date of this loan is May 4, 2025. The total amount outstanding under this PPP loan as of September 30, 2024 and December 31, 2023 was $28 thousand and $59 thousand, respectively. The PPP loan is collateralized by all tangible and intangible personal property of the Company. Vehicle Notes The Company has obtained several vehicles over a long period since inception. Each vehicle has its own standalone loan. As of September 30, 2024 the company has a total of thirteen vehicle loans. The maturities of these vehicle notes outstanding range from 2026 through 2029. Interest rates range from 4.99% to 17.37% and total payments range from $435 - $1,628 per month. The outstanding principal balance of these loans at September 30, 2024 and December 31, 2023 was $0.5 million and $0.5 million, respectively. BAC Seller Note On December 1, 2020, the Company entered into the BAC Seller Note for a principal sum of $0.2 million. This Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The maturity date of this note is November 1, 2025. The total amount outstanding under this Seller Note as of September 30, 2024 and December 31, 2023 was $56 thousand and $84 thousand, respectively. The note is secured by a mortgage of certain real estate property entered into by one of its wholly owned subsidiaries. ACA Seller Note On May 18, 2021, the Company entered into the ACA Seller Note for a principal sum of $0.2 million. The Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The Company and the noteholder have been in litigation which was settled pursuant to a settlement agreement dated May 16, 2024. Under the terms of the settlement agreement, the Company was required to pay the noteholder $60 thousand in cash and in return, the Company would receive the noteholders 5% ownership interest and the unpaid balance on the seller note would be considered resolved and any and all claims under the litigation would be deem resolved. At the time of the settlement there was $0.1 million of unpaid principal balance on the seller note. The additional 5% ownership interest acquired increased the Company’s ownership of ACA to 95%, and as such, control of ACA has not changed. Therefore, irrespective of the events that lead to changes in ownership interests in the subsidiary, if control has not changed, a parent accounts for such changes in ownership as equity transactions. The net amount of consideration was a benefit to the Company of $50 thousand, which is recorded as an increase to additional paid-in-capital. The total amount outstanding under this Seller Note as of December 31, 2023 was $0.1 million. CSH Seller Notes In connection with the acquisition of CSH, the Company entered into the First CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The First CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. In connection with the acquisition of CSH, the Company entered into the Second CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The Second CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. BHC Seller Note In connection with the acquisition of BHC, the Company entered into the BHC Seller Note with the former owners of BHC for a principal sum of $0.6 million. The payments under the BHC Seller Note commenced on February 28, 2023 and are required to be made in three annual installments. Interest under this BHC Seller Note is calculated on the basis of a 360-day year of twelve 30-day months but accrues and is payable based upon the actual number of days elapsed. This BHC Seller Note accrues interest at an annual rate of the minimum applicable federal AFS Seller Note In connection with the acquisition of AFS, the Company entered into the AFS Seller Note with the former owners of AFS for a principal sum of $0.6 million, which matures in July 2026. The quarterly payments under the AFS Seller Note amount to $46 thousand and commenced on July 1, 2022, and are required to be made in sixteen equal quarterly installments. Interest under this AFS Seller Note accrues at a rate of 6.0% per year. The AFS Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this AFS Seller Note as of September 30, 2024 and December 31, 2023 was $0.4 million and $0.5 million, respectively. The note is secured by the Company’s ownership interest in AFS, including all inventory and equipment of the Company. FSP Seller Note On December 28, 2022, the Company entered into the FSP Seller Note with an external third party for a principal sum of $0.9 million, which matures in February 2028. The payments under the FSP Seller Note began on February 1, 2023 and are required to be made in sixty equal monthly installments of $17 thousand. Interest under this FSP Seller Note accrues at a rate of 6.0% per year. The FSP Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this FSP Seller Note as of September 30, 2024 and December 31, 2023 was $0.8 million. The note is secured by a pledged security interest with the former owner of FSP. As a result of the allegations brought forth as described within Note 11: Commitments and Contingencies, the holder of the FSP Seller has communicated that it believes this FSP Seller Note is in default. Further, due to such allegations, the Company has not made any required monthly installment payments during the nine months ended September 30, 2024. Real Estate Promissory Note On December 29, 2022, a wholly owned subsidiary of the Company entered into a Real Estate Promissory Note for land in Florida for a principal sum of $0.4 million, which is collateralized by real estate. The Real Estate Promissory Note commenced on December 29, 2022. The Real Estate Promissory Note was scheduled to mature on July 29, 2023. The Real Estate Promissory Note holder has initiated collection of the Real Estate Promissory Note and has communicated that it believes the Real Estate Promissory Note is in default. See Note 11: Commitments and Contingencies. The Company does not believe that there are any cross default provisions within the Real Estate Promissory Note that would cause default of any of its other debt. The total amount outstanding under this Real Estate Promissory Note as of September 30, 2024 and December 31, 2023 was $0.4 million. The Real Estate Promissory Note is secured by a mortgage on the property. Promissory Notes — Related Party The Company, in September 2016, entered into an unsecured promissory note with Avanti Computing PVT, Ltd., a related party which has ownership in common, for an original principal sum of 90 million INR. The note has a 14% annual interest rate. Payments of interest and principal are made sporadically as there is no set payment schedule for the note. The note also does not have a maturity date and the full note balance is due on demand. As of September 30, 2024, 7.1 million INR $85,282 in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024 were 250,543 INR $3,009 and 746,182 INR $8,906, respectively. Total interest accrued as of September 30, 2024 was 8.4 million INR $100,907. In July 2024, the Company borrowed an additional 8.3 million INR from Avanti. The loan bears interest at 14% with a maturity date in July 2031 USD in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024, was 238,767 INR $2,850. Total interest accrued as of September 30, 2024, was 238,767 INR $2,868. Business Line of Credit In January 2023, the Company opened a business line of credit with American Express and borrowed $74 thousand. The maximum amount the Company can take out on the line of credit is $74 thousand. The line of credit has an interest rate of 13%. This business line of credit matured in September of 2023 and was repaid by the Company. There is no current availability under this business line of credit as of September 30, 2024. Libertas (Sale of Future Receipts) On April 25, 2023, the Company entered into a sale of Future Receipts agreement with Libertas Funding, LLC, an independent third party (“Libertas”). Pursuant to this agreement, the Company sold and assigned $1.6 million of Future Receipts in exchange for net cash proceeds of $1.2 million, including a fee of $24 thousand. As a result, the Company recorded a discount of $0.4 million. Under the agreement, the Company agreed to pay the third party a minimum of $30 thousand of weekly sales receipts until the Future Receipts have been collected. for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 2, 2023, the Company amended this agreement with Libertas to extend the weekly sales receipts period to one year from the amendment date, requiring weekly sales receipts of $18 thousand until the remaining Future Receipts have been collected. Further in connection with this amendment, the Company incurred an incremental fee of $0.1 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50, Debt- Modifications and Extinguishments Similarly, to the transaction in April, on August 7, 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $1.3 million of future receipts in exchange for net proceeds of $1.0 million, including a fee of $20 thousand. As a result the Company recorded a discount of $0.3 million. Under the agreement the Company agreed to pay the third party approximately $26 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 29, 2023, the Company amended this agreement with Libertas to borrow an incremental $0.4 million. Due to this refinancing, Libertas forgave a portion of this debt outstanding totaling $0.1 million and the Company incurred an incremental fee of $0.2 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendments noted above, as of December 31, 2023, all remaining discounts were written off. As a result of the amendments noted above, the Company wrote off all remaining debt discounts, yielding incremental interest expense of $0.7 million. This loss on extinguishment of debt was offset by the forgiveness of debt in connection with each amendment, as discussed above, of $0.2 million relating to the first amendment and $0.1 million relating to the second amendment, yielding a loss on extinguishment of debt of $0.4 million that was recognized during the year ended December 31, 2023. On January 4, 2024, like the transactions in April and August of 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $0.5 million of future receipts in exchange for net proceeds of $0.4 million, including an origination fee of $7 thousand and an original issuance discount of $0.1 million. As a result, the Company recorded a discount of $0.1 million. Under the agreement, the Company agreed to pay the third party approximately $9 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On January 30, 2024, the Company amended each of its outstanding agreements with Libertas to consolidate the agreements into one without any change to the total Future Receipts committed. In connection with this amendment, the Company sold a total of $2.6 million of Future Receipts in exchange for the remaining balances on each of the Company’s outstanding agreements with Libertas as of the date of the transaction, totaling $2.1 million with an original issuance discount of $0.5 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendment, as of September 30, 2024, all unamortized discounts were written off, resulting in a loss on extinguishment of debt of $0.6 million. In connection with these instruments, the Company recorded discounts. These discounts are recorded as an adjustment to the related liability within the “Current portion of debt, net of discount” in the unaudited condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023. As discussed above, as of September 30, 2024 and December 31, 2023, the discounts offered associated with these borrowings were zero. In connection with the January 30, 2024 amendment, the Company erroneously received an incremental $1.1 million from Libertas. Such amounts received were provided to the Company in error and are due and payable in full to Libertas. Libertas has agreed to loan the Company this amount and is currently negotiating repayment terms with the Company. This is shown as a Due to Libertas on the unaudited condensed consolidated balance sheets. Since the Company has significant continuing involvement in the generation of future cash flows due under these agreements among other indicators, pursuant to ASC 470-10-25-2, Debt- Sales of Future Revenues or Other Various Measures of Income The balance of the total sale on Future Receipts stated above as of September 30, 2024 and December 31, 2023 is $2.1 million and $1.9 million, respectively, which is included in the current portion of debt on the unaudited condensed consolidated balance sheets. Samson (Sale of Future Receipts) On May 23, 2024, the Company entered into a sale of Future Receipts agreement with Samson MCA LLC, an independent third party (“Samson”). Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $0.1 million. As a result, the Company recorded a discount of $31 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $12 thousand of monthly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $8 thousand for the three months ended September 30, 2024 and $10 thousand for the nine months ended September 30, 2024. The amortization was recognized as a component of Interest expense within the unaudited condensed consolidated statements of operations and comprehensive loss. On May 28, 2024, the Company entered into a second sale of Future Receipts agreement with Samson. Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $98 thousand. As a result, the Company recorded a discount of $28 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $6 thousand of bi-weekly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $7 thousand for the three months ended September 30, 2024 and $9 thousand for the nine months ended Septem
Monterey Capital Acquisition Corporation
CONVERTIBLE NOTES
DEBT		NOTE 6 — CONVERTIBLE NOTE During the years ended December 31, 2023 and 2022, the Company received $445,000 and $0, respectively, from ConnectM in the form of convertible notes, with terms identical to those of the Working Capital Loans (Note 5) from the Sponsor. As of December 31, 2023, $445,000 was due to ConnectM, included in convertible note on the consolidated balance sheet.

INCOME TAXES

INCOME TAXES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
INCOME TAXES
INCOME TAXES	NOTE 8 — INCOME TAXES The Company considers new evidence (both positive and negative) at each reporting date that could affect our view of the future realization of deferred tax assets. We evaluate information such as historical financial results, historical taxable income, projected future taxable income, expected timing of the reversals of existing temporary differences and available prudent and feasible tax planning strategies in our analysis. Based on the available evidence, the Company continues to recognize a full valuation allowance against deferred tax assets in the United States and India. Our income tax benefit (including discrete items) was $0 and $0 for the three and nine months ended September 30, 2024 and 2023, respectively. For the three and nine months ended September 30, 2024 and 2023, our effective tax rate differs from the statutory rate of the United States of 21% due to our valuation allowances in jurisdictions in the United States and India. The income tax benefits recognized relate to the partial release of the Company’s valuation allowance on its deferred tax assets due to the acquisition of deferred tax liabilities on intangible assets for which tax has no basis.
Monterey Capital Acquisition Corporation
INCOME TAXES
INCOME TAXES		NOTE 7 — INCOME TAXES The Company’s general and administrative expenses are generally considered start-up costs and are not currently deductible. During the years ended December 31, 2023 and 2022, $913,808 and $240,507, respectively, of income tax expense was recorded in accompanying consolidated statements of operations. The reconciliation of the U.S. statutory income tax rate to the Company’s effective tax rate for the years ended December 31, 2023 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 Statutory Federal Tax 21 % 21 % Business combination costs (1.8) — ​ Loss on Forward Purchase Agreement liability (23.3) (16.5) ​ Change in valuation allowance (2.4) (11.3) ​ Effective Tax Rate (6.5) % (6.8) % ​ The income tax provision consisted of the following for the years ended December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Federal ​ ​ Current ​ $ 913,808 ​ $ 240,507 Deferred ​ (336,127) ​ (398,526) Change in valuation allowance ​ 336,127 ​ 398,526 Income tax provision ​ $ 913,808 ​ $ 240,507 ​ The Company’s net deferred tax assets consist of the following as of December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Deferred tax asset ​ ​ Net operating loss carryforward ​ $ — ​ $ — Startup/Organization expenses ​ 738,831 ​ 402,703 Total deferred tax assets ​ 738,831 ​ 402,703 Valuation allowance ​ ​ (738,831) ​ ​ (402,703) Deferred tax asset, net of allowance ​ $ — ​ $ — ​ As of December 31, 2023 and 2022, the Company has U.S. federal net operating loss carryovers of $0. In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. The Company has no uncertain tax positions related to federal and state income taxes. The Company is subject to income tax examinations by major taxing authorities since inception. In the event that the Company is assessed interest or penalties at some point in the future, it will be classified in the financial statements as tax expense.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9 — COMMITMENTS AND CONTINGENCIES Litigation The Company is from time to time subject to routine legal claims, proceedings and regulatory matters, most of which are incidental to the ordinary course of its business. The Company accrues for potential liability arising from legal proceedings and regulatory matters when it is probable that such liability has been incurred and the amount of the loss can be reasonably estimated. This determination is based upon currently available information for those proceedings in which the Company is involved, taking into account its best estimate of such losses for those cases for which such estimates can be made. The Company’s estimate involve significant judgement, given the varying stages of proceedings (including issues regarding class certification and the scope of many of the claims), and the related uncertainty of the potential outcomes of these proceedings. In making determinations of the likely outcome of pending litigation, the Company considers many factors, including, but not limited to, the nature of the claims, the Company’s experience with similar types of claims, the jurisdiction in which the matter is filed, input from outside legal counsel, the likelihood of resolving the matter through alternative mechanisms, the matter’s current status and the damages sought or demands made. Accordingly, the Company’s estimate will change from time to time, and actual losses could be more or less than the current estimate. As of September 30, 2024 and December 31, 2023, there are no matters for which a reserve is required to be established. On February 26, 2024, Robert Zrallack and RJZ Holdings LLC (the “Plaintiffs”) filed suit against Aurai LLC, ConnectM Florida RE LLC, and Florida Solar Products, Inc., wholly owned subsidiaries of the Company, in the Circuit Court for the 19th Judicial Circuit (St. Lucie County, Florida). In this suit, the plaintiffs allege various contract claims arising out of a transaction under which Aurai acquired Florida Solar Products, Inc. from Mr. Zrallack in 2022 and ConnectM Florida RE LLC acquired certain real estate from RJZ Holdings LLC in 2022 from which Florida Solar Products operates. Specifically, the plaintiffs allege breach of the stock purchase agreement and certain promissory notes in connection with the purchase of Florida Solar Products, Inc. and the related real estate, as well as breach of a services agreement with Mr. Zrallack. The Company believes the Plaintiffs’ claims have no merit and plans to assert counterclaims against the Plaintiffs in connection with the underlying transactions. The Company is defending itself in this matter. Currently, the Company prevailed on a motion to compel arbitration, so the lawsuit is stayed, and the Court ordered the entire case to arbitration. On August 02, 2024, Benjamin Securities, Inc (“Benjamin”) has commenced a lawsuit against the ConnectM Parties in the Supreme Court of the State of New York, County of New York, bearing Index No. 157042//2024 (the “Litigation”). On June 26, 2024, the Company and Benjamin entered into certain Capital Markets Advisory Agreement with an amendment on July 12, 2024. In the lawsuit, Benjamin claimed that the Company agreed but failed to pay Benjamin as contractually required. Subsequently on October 2, 2024, the Company and Benjamin reached a settlement agreement for the Company to meet its contractual obligation. This amount has been accrued as of September 30, 2024 and is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Advisory Services Agreement On July 16, 2024, the Company entered into a Capital Markets Advisory Agreement with Roth Capital Partners, LLC (“Roth Capital”), pursuant to which for a period of twelve months (the “Engagement Period”), Roth will provide CNTM with capital markets advisory services (the “Capital Markets Advisory”). These services include, but are not limited to, providing advice to CNTM relating to developing a short- and long-term capital market strategy, analyzing anticipated capital requirements as they relate to the valuation of CNTM, and developing strategic institutional investor relationships. The Company agreed to pay Roth Capital $1.5 million for the Engagement Period in cash or stock at $2.50 per share, of which $0.3 million is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Amended and Restated Registration Rights Agreement On the Closing Date, the Company entered into the Amended and Restated Registration Rights Agreement (the “A&R Registration Rights Agreement”) with the Sponsor, certain prior stockholders of the Company, certain stockholders of Legacy ConnectM, the Company’s officers, directors and holders of 10% or more of the Company’s common stock (all such counterparties, collectively, the “Reg Rights Holders”). The A&R Registration Rights Agreement amended and restated the Company’s Registration Rights Agreement dated May 10, 2022 (the “IPO Registration Rights Agreement”). Pursuant to the A&R Registration Rights Agreement, the Company will, within 30 days after the Closing, file with the SEC (at the Company’s sole cost and expense) a registration statement registering the resale of certain securities held by or issuable to the Reg Rights Holders (the “Resale Registration Statement”), and the Company will use its reasonable best efforts to have the Resale Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) sixty (60) calendar days after the filing thereof (or, in the event the SEC reviews and has written comments to the Resale Registration Statement, the ninetieth (90th) calendar day following the filing thereof) and (ii) the third (3rd) business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Resale Registration Statement will not be “reviewed” or will not be subject to further review. In certain circumstances, the Reg Rights Holders can demand the Company’s assistance with underwritten offerings and block trades, and the Reg Rights Holders will be entitled to certain piggyback registration rights. Contingent Consideration On August 5, 2024, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (“Seller”), for the purposes of ConnectM acquiring from the Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (“DeliveryCircle”). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for $0.5 million plus contingent consideration of $0.6 million. See Note 11 – Business Combinations – Delivery Circle ​
Monterey Capital Acquisition Corporation
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES		NOTE 8 — COMMITMENTS AND CONTINGENCIES Registration Rights The holders of the Founder Shares, Private Placement Warrants (as defined below) (including securities contained therein) issued in connection with the Initial Public Offering and Private Placement warrants (including securities contained therein) that may be issued upon conversion of Working Capital Loans (see Note 5), and any shares of Class A common stock issuable upon the exercise of the Private Placement Warrants and Public Warrants (and underlying Class A common stock) that may be issued upon conversion of the Working Capital Loans and Class A common stock issuable upon conversion of the Founder Shares, are entitled to registration rights pursuant to a registration rights agreement to be signed at the effective date of the Initial Public Offering, requiring us to register such securities for resale (in the case of the Founder Shares, only after conversion of the Class A common stock). The holders of the majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. The registration rights agreement does not contain liquidated damages or other cash settlement provisions resulting from delays in registering securities. Underwriting Agreement At the IPO date, the Company granted the underwriter a 45-day option from the date of the Initial Public Offering to purchase up to 1,200,000 additional Units to cover over-allotments, if any, at the price paid by the underwriter in the Initial Public Offering. This overallotment option was exercised in full at the IPO date. The underwriter received a cash discount of $0.10 per unit, or $0.92 million in the aggregate at the closing of the Initial Public Offering. In addition, $0.40 per share, or $3.68 million in the aggregate will be payable to the underwriter for deferred underwriting commissions solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement from the IPO. In addition, in conjunction with the Initial Public Offering, the Company issued to the underwriter 138,000 shares of Class A common stock for nominal consideration (the “Representative Shares”). The holders of the Representative Shares agreed (a) that they will not transfer, assign or sell any such shares without the Company’s prior consent until the completion of the initial Business Combination, (ii) to waive their redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of the initial Business Combination and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete the initial Business Combination within the Combination Period. The representative shares are deemed to be underwriters’ compensation by FINRA pursuant to FINRA Rule 5110. Other Commitments and Contingencies In connection with the execution of the Merger Agreement, MCAC entered into the Forward Purchase Agreement with Meteora. Pursuant to the terms of the Forward Purchase Agreement, MCAC agreed to pay to Meteora an amount equal to the reasonable and documented attorney fees and other reasonable out-of-pocket expenses related thereto actually incurred by Meteora or its affiliates in connection with this Forward Purchase Transaction not to exceed (a) $75,000, (b) a quarterly fee of $5,000 (initially payable on the Trade Date (as defined in the agreement) and upon the first business day of each quarter and (c) expenses actually incurred in connection with the acquisition of the Shares in an amount not to exceed $0.05 per Share and $0.03 per disposition of each Share. In addition, a break-up fee equal to (i) all of Meteora’s reasonable and documented fees and expenses relating to the Forward Purchase Agreement capped at $75,000 plus (ii) $500,000, shall be payable by the Combined Company to Meteora in the event the Forward Purchase Agreement is terminated by MCAC. Refer to Note 1 for further discussion of the Forward Purchase Agreement.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
STOCKHOLDERS' EQUITY (DEFICIT)
STOCKHOLDERS' DEFICIT	NOTE 12 — STOCKHOLDERS’ DEFICIT Common Stock Immediately following the Closing, the Company’s authorized capital stock consisted of 110,000,000 shares of capital stock, $0.0001 par value per share, consisting of 100,000,000 shares of Common Stock and 10,000,000 shares of preferred stock, $0.0001 par value outstanding outstanding Warrants In connection with the issuance of the Secured Promissory Note in 2022, The Company issued certain equity classified warrants (“equity warrants”). The fair value of these warrants was $82,261 at the time of issuance. The warrants have an exercise price of $3.61 and expire on February 22, 2032. The warrants are exercisable into one Class A Common share Upon the Merger, each outstanding warrant to purchase shares of Legacy ConnectM Common stock was converted into a warrant to purchase shares of ConnectM Common Stock equal to the number of shares subject to such warrant prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. Each warrant to purchase shares of ConnectM common stock will otherwise be subject to the same terms as the Legacy ConnectM warrants prior to such conversion. Monterey Acquisition Corp issued 12,990,000 warrants to the original investors. These warrants were assumed in the Business Combination. The warrants expire 5 years from the date of the business combination. The warrants have an exercise price of $11.50 entitle the holder to purchase one share of common stock. A summary of warrants activity is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ average ​ Remaining ​ ​ ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Warrants ​ Price ​ Life ​ Value Outstanding at December 31, 2023 77,494 ​ $ 3.61 8.15 — Granted — ​ — — — Assumed in Business Combination 12,990,000 ​ 11.50 Exercised — ​ — — — Cancelled/Forfeited — ​ — — — Outstanding at September 30, 2024 13,067,494 ​ $ 11.45 4.80 — ​
Monterey Capital Acquisition Corporation
STOCKHOLDERS' EQUITY (DEFICIT)
STOCKHOLDERS' DEFICIT		NOTE 9 — STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock — Class A Common Stock Class B Common Stock Holders of Class A common stock and holders of Class B common stock vote together as a single class on all other matters submitted to a vote of the Company’s stockholders except as otherwise required by law. The Class B common stock will automatically convert into Class A common stock at the time of a Business Combination at a ratio such that the number of shares of Class A common stock issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of shares of common stock issued and outstanding upon completion of the Initial Public Offering, plus (ii) the total number of shares of Class A common stock issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of a Business Combination, excluding any shares of Class A common stock or equity-linked securities exercisable for or convertible into shares of Class A common stock issued, deemed issued, or to be issued, to any seller in the Business Combination and any Private Warrants issued to the Sponsor, its affiliates or any member of the Company’s management team upon conversion of Working Capital Loans. In no event will the Class B common stock convert into Class A common stock at a rate of less than one-to-one. Warrants — In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors of MCAC and, in the case of any such issuance to the sponsor or its affiliates, without taking into account any Founder Shares held by the sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the Market Value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described below will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price. The Warrants will become exercisable 30 days after the completion of a Business Combination. However, no Warrant shall be exercisable for cash and the Company shall not be obligated to issue shares of common stock upon exercise of a Warrant unless the common stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. Warrants may not be exercised by, or securities issued to, any registered holder in any state in which such exercise would be unlawful. The Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. Once the warrants become exercisable, the Company may redeem the outstanding warrants: ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon not less than 30 days ’ prior written notice of redemption given after the warrants become exercisable (the “ 30 - day redemption period”) to each warrant holder; and ● if, and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 - trading day period commencing once the warrants become exercisable and ending three days before we send the notice of redemption to the warrant holders. If the Company calls the warrants for redemption as described above, the Company’s management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” In determining whether to require all holders to exercise their warrants on a “cashless basis,” the Company’s management will consider, among other factors, the cash position, the number of warrants that are outstanding and the dilutive effect on the Company’s stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of the warrants. In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value. The “fair market value” for this purpose shall mean the average reported last sale price of the Class A common stock for the 10 trading days ending on the third day prior to the date on which the notice of redemption is sent to the holders of warrants. Rights one

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
STOCK-BASED COMPENSATION	NOTE 13 — STOCK BASED COMPENSATION On March 22, 2019, the Company re-domesticated as a Corporation incorporated in the state of Delaware. Concurrent with the re-domestication as a Delaware Corporation, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “Plan”) in May of 2019 to encourage employees and other persons or entities who, in the opinion of the Board, are in a position to contribute significantly to the success of the Company and its affiliates to enter into and to maintain continuing long-term relationships with the Company. The purpose of the Plan is to reward Participants for the completion of specific projects or discrete periods of Service which may fall between consecutive vesting periods of any Award granted under the Plan. The Plan is administered by the Board of Directors of the Company, which, under the terms of the Plan, has the authority to adopt, alter, and repeal any administrative rules, guidelines, and practices governing the operation of the Plan. Under the Plan, the persons eligible to receive Incentive Units, defined as either incentive stock options or restricted stock, under the Plan shall be the directors, executive officers, employees, consultants, advisers, independent contractors and other service providers of the Company and its affiliates. Participants need not be individuals or employees of the Company or an affiliate of the Company. Under the Plan, Awards may be granted in respective of up to 753,947 total incentive units. Incentive units issued under the Plan may consist in whole or in part of authorized but unissued Shares or treasury Shares. Subject to the terms and provisions of the Plan, the Board may award incentive stock options and determine the number of shares subject to each stock option, the exercise price, the term of the stock option, and any other conditions and limitations applicable to the exercise of the stock option and the holding of any shares acquired upon exercise of the stock option. Under the Plan, the Board may also award shares of restricted stock and determine the purchase price, if any. The Board may modify or waive any restrictions, terms, and conditions with respect to any restricted stock. Shares of restricted stock may be issued for such consideration, if any, as is determined by the Board, subject to applicable law. Upon the Merger, each outstanding option to purchase shares of Legacy ConnectM Common stock was converted into an option to purchase shares of ConnectM Common Stock equal to the number of shares subject to such option prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. There were no incentive units issued under the Plan during the nine months ended September 30, 2024 or 2023. A summary of activity under the Plans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ ​ average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Life ​ Value Outstanding at December 31, 2023 473,929 ​ $ 0.70 5.24 ​ $ 666,860 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at September 30, 2024 473,929 ​ $ 0.70 4.49 ​ $ 263,882 Vested and exercisable at September 30, 2024 470,601 ​ $ 0.69 4.48 ​ $ 263,882 ​
Monterey Capital Acquisition Corporation
Class of Stock [Line Items]
STOCK-BASED COMPENSATION		NOTE 10 — STOCK-BASED COMPENSATION In October 2021, the Sponsor transferred 25,000 shares of Class B common stock to each of the three independent director nominees as compensation for their service on the board of directors of MCAC. If the director nominee does not become a director of the Company at the time of the IPO, is removed from office as director, or voluntarily resigns his position with the Company before a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company (“the Triggering Event”), all of such purchaser’s shares shall be returned to Sponsor. As such, the service period for these awards will not start until the IPO date. Further, considering that in case the business combination does not occur these awards will be forfeited, it was deemed that the above terms result in the vesting provision whereby the share awards would vest only upon the consummation of a business combination or change of control event. As a result, any compensation expense in relation to these grants would be not recognized until the Triggering Event. As a result, the Company recorded no compensation expense for any periods through December 31, 2023. The fair value of the Founder Shares on the grant date was approximately $0.87 per share. The valuation performed by the Company determined the fair value of the shares on the date of grant by applying a discount based upon a) the probability of a successful IPO, b) the probability of a successful business combination, and c) the lack of marketability of the Founder Shares. The aggregate grant date fair value of the awards amounted to approximately $65,000. Total unrecognized compensation expense related to unvested Founder Shares at December 31, 2023 and 2022 amounted to approximately $65,000 and is expected to be recognized upon the Triggering Event.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through December 13, 2024, the date at which the financial statements were available to be issued, and determined there were no items to disclose other than the following items: In October and November, the Company refinanced an existing sale of future receipts. Pursuant to this agreement, the Company sold and assigned $0.9 million of future receipts and paid off an existing balance of $0.3 million in exchange for net cash proceeds of $0.5 million. Under this agreement, the Company agreed to pay the third party sales receipts until the future receipts have been collected. As on October 09, 2024, ConnectM entered into a Purchase Agreement with the owners of Green Energy Gains, whereby the Company has acquired all of the issued and outstanding capital stock of GEG in an all-stock transaction. The Green Energy Gains operating model includes home energy assessments (HEA) and modeling, and identification of weatherization opportunities for the home in order to reduce the homeowner’s utility bills. ConnectM’s core business model relies on an inorganic growth strategy. Green Energy Gains, as a strategic acquisition, strengthens ConnectM’s portfolio and is expected to expand the customer base for its proprietary electric heat pump, offering a suitable solution for homeowners after no cost home energy assessments. In October 2024, the Company received an additional $1.1 million in exchange for four convertible promissory notes as of the date of issuance of the financial statements. The Convertible Notes bears an annual interest of 20% and shall be due and payable in April 2025. On November 19, 2024, the Company approved the conversion of 6,719,742 shares for the price of $13.8 million of the Company’s outstanding debt into shares of common stock, par value $0.0001 per share of the Company at an average conversion price of $2.045 per share.
Monterey Capital Acquisition Corporation
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS		NOTE 11 — SUBSEQUENT EVENTS The Company did not identify any subsequent events that require adjustment or disclosure in the consolidated financial statements, other than what has already been disclosed in the notes above.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies	Significant Accounting Policies There have been no changes to our significant accounting policies described within the Notes to the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Certain required disclosures relating to our significant accounting policies are disclosed below.
Net Income (Loss) per share of Common Stock	Net Loss Per Share EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s unaudited condensed consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the three and nine months ended September 30, 2024 and 2023, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494
Derivative Financial Instruments	Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign-currency risks. The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed consolidated statements of operations and comprehensive income (loss). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for its Forward Purchase Agreement in accordance with ASC 815-40. Accordingly, the Company recognizes the forward purchase agreement asset at fair value at each reporting period. The assets are subject to re-measurement at each balance sheet date, and any change in fair value is recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss).
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in ASU 2016-13 added Topic 326, Financial Instruments—Credit Losses Financial Instruments— Credit Losses—Available-for-Sale Debt Securities
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies		Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary and are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. All significant intercompany balances and transactions have been eliminated in consolidation.
Emerging Growth Company		Emerging Growth Company The Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Offering Costs		Offering Costs Offering costs consist of underwriting, legal, accounting and other expenses incurred through the balance sheet date that are directly related to the IPO and were charged to temporary equity, equity and/or expense upon the completion of the Initial Public Offering. The fair value of the Representative Shares was accounted for as compensation under ASC 718, was included in the offering costs at the IPO date. In addition, under the guidance in Staff Accounting Bulletin 107 Topic 5T, Accounting for Expenses or Liabilities Paid by Principal Stockholder(s), the Company included in offering costs amounts incurred by the Sponsor through the sale of Founder Shares to Anchor Investors on behalf of the Company (Note 5). The excess of the fair value of the Founder Shares was deemed a contribution from the Sponsor for offering costs and working capital.
Business Combination Costs		Business Combination Costs Costs incurred in relation to a potential business combination may include legal, accounting and other expenses. Any such costs are expensed as incurred. The Company incurred approximately $1.2 million and $0.6 million, respectively, of Business Combination costs for the years ended December 31, 2023 and 2022.
Net Income (Loss) per share of Common Stock		Net Loss per Common Stock share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share” (“ASC 260”). Net loss per share is computed by dividing net loss by the weighted average number of Common Stock outstanding during the period. The weighted average shares for the period from September 23, 2021 (inception) through May 13, 2022 were reduced for the effect of an aggregate of 300,000 Class B Common Stock that were subject to forfeiture until the initial public offering. The Company’s consolidated statements of operations include a presentation of net loss per share subject to possible redemption in a manner similar to the two-class method of income per share. With respect to the accretion of the Class A Common Stock subject to possible redemption and consistent with ASC 480-10-S99-3A, the Company deemed the fair value of the Class A Common Stock subject to possible redemption to approximate the contractual redemption value and the accretion has no impact on the calculation of net loss per share. The Company’s Public Warrants (see Note 3) and Private Warrants (see Note 4) could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. However, these warrants were excluded when calculating diluted loss per share because such inclusion would be anti-dilutive for the periods presented. As a result, diluted loss per share is the same as basic loss per share for all periods presented. A reconciliation of net loss per share is as follows for the year ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ redemption Class A Class B Totals Allocation of undistributable losses ​ ​ (11,732,741) ​ ​ (181,724) ​ ​ (3,028,738) ​ ​ (14,943,203) Net loss to common stock ​ $ (11,732,741) ​ $ (181,724) ​ $ (3,028,738) ​ $ (14,943,203) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 8,909,750 ​ 138,000 ​ 2,300,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (1.32) ​ $ (1.32) ​ $ (1.32) ​ ​ ​ ​ A reconciliation of net loss per share is as follows for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ ​ redemption ​ Class A ​ Class B ​ Totals Allocation of undistributable losses ​ ​ (2,711,247) ​ ​ (40,669) ​ ​ (1,011,722) ​ ​ (3,763,638) Net loss to common stock ​ $ (2,711,247) ​ $ (40,669) ​ $ (1,011,722) ​ $ (3,763,638) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 5,872,877 ​ 88,093 ​ 2,191,507 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (0.46) ​ $ (0.46) ​ $ (0.46) ​ ​ ​
Marketable Securities Held in Trust Account		Marketable Securities Held in Trust Account At December 31, 2023 and 2022, the assets held in the Trust Account were substantially held in a treasury trust fund investing in U.S. Treasury Bills and U.S. Treasury Notes. These securities are presented on the consolidated balance sheet at fair value at the end of each reporting period. Earnings on these securities are included in dividend and interest income in the accompanying consolidated statements of operations and are automatically reinvested. The fair value for these securities is determined using quoted market prices in active markets. During the years ended December 31, 2023 and 2022, the Company withdrew $1,588,710 and $0, respectively, of dividend and interest income from the Trust Account for payment of franchise and income tax obligations.
Fair Value of Financial Instruments		Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying consolidated balance sheet, primarily due to their short-term nature.
Other Income		Other Income During the year ended December 31, 2022 the Company received a $55,466 unconditional and non-refundable reimbursement for certain general and administrative expenses incurred by the Company, from a potential target. This amount was recorded as other income in the accompanying consolidated statement of operations for the year ended December 31, 2022.
Concentration of Credit Risk		Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts.
Share-Based Payment Arrangements		Share-Based Payment Arrangements The Company accounts for stock awards in accordance with Accounting Standards Codification (“ASC”) 718, “Compensation — Stock Compensation,” which requires that all equity awards be accounted for at their fair value. Fair value is measured on the grant date and is equal to the underlying value of the stock. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from the Company’s initial estimates; previously recognized compensation cost is reversed if the service or performance conditions are not satisfied, and the award is forfeited.
Class A Common Stock Subject to Possible Redemption		Class A Common Stock Subject to Possible Redemption The Company accounts for its common stock subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”). Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock sold as part of the Initial Public Offering, features certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, all common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. The redemption values as of December 31, 2023 and 2022, include $100,000 that can be used to pay any dissolution expenses, should a dissolution event occur. The redemption value of the Class A common stock subject to possible redemption will be reduced by the estimated dissolution expenses to be paid from the interest earned in the trust account, up to $100,000, if and when a dissolution is deemed probable. The reconciliation of Class A common stock subject to possible redemption as of December 31, 2023 and 2022 is as follows: ​ ​ ​ ​ Gross proceeds from sale of Public Units $ 92,000,000 Less: Proceeds allocated to Public Warrants (Note 3) ​ ​ (1,613,009) Less: Proceeds allocated to Rights (Note 3) ​ ​ (4,301,659) Less: Proceeds allocated to underwriter’s overallotment option (Note 7) ​ ​ (52,147) Less: Issuance costs allocated to Class A common stock subject to possible redemption ​ ​ (8,139,659) Accretion to redemption value of Class A common stock subject to possible redemption ​ ​ 15,026,474 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 848,637 Class A common stock subject to possible redemption as of December 31, 2022 ​ $ 93,768,637 Accretion to redemption value of Class A common stock subject to possible redemption due to extension payments ​ ​ 2,491,431 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 3,434,458 Less: Redemption of Class A common stock ​ ​ (20,961,169) Class A common stock subject to possible redemption as of December 31, 2023 ​ $ 78,733,357
Derivative Financial Instruments		Derivative Financial Instruments The Company issued warrants to its investors and accounts for warrant instruments as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the warrants and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own stock and whether the holders of the warrants could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. At the IPO date, the Public Warrants and Rights (see Note 3) and Private Warrants (see Note 4) were accounted for as equity instruments as they meet all of the requirements for equity classification under ASC 815 based on current expected terms, which are subject to change. The Forward Purchase Agreement with Meteora entered into on December 31, 2022 resulted in Meteora holding a put option on shares to be purchased pursuant to the agreement, up to the maximum of 6,600,000. Pursuant to ASC 815, Derivatives and Hedging, this instrument meets the definition of a derivative and accordingly will be recognized at fair value. The fair value of this put option liability was estimated at $18,370,000 and $2,770,000 at December 31, 2023 and 2022, respectively, assuming Meteora will purchase the maximum number of shares at the consummation of the Business Combination. The Forward Purchase Agreement liability resulted in the recognition of a $15,600,000 and $2,770,000 loss on the change in fair value of Forward Purchase Agreement Liability in the Company’s consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively.
Fair Value Measurements		Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of December 31, 2023 and 2022, the Company held Level 1 financial instruments, which are the Company’s marketable securities held in the Trust Account. The Forward Purchase Agreement liability was valued as of December 31, 2023 and 2022 using the Black-Scholes Option Pricing Model, assuming that Meteora will purchase the maximum number of shares of 6,600,000 at the business combination date, Meteora will receive $12.88 and $12.20 per share, respectively, upon the put option exercise and hold the shares until the end of its estimated contractual maturity period of 3.25 years. The fair value of the resulting put option at December 31, 2023 and 2022, was adjusted for 80% and 12% probability of the completion of a business combination, respectively. Additionally, the valuation utilized a 41.7% and 43.2% volatility rate as of December 31, 2023 and 2022, respectively, and a 4.0% and 4.2% discount rate as of December 31, 2023 and 2022, respectively. As such, the Forward Purchase Agreement liability is considered to be a recurring Level 3 fair value measurement. During the year ended December 31, 2022, the Company issued an overallotment option to the underwriter (see Note 8), the fair value of which was measured using the Black Scholes Option Pricing Model with significant unobservable inputs. The overallotment option was fully exercised on the IPO date. The fair value was based on the share price of the underlying shares and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. Therefore, the overallotment liability is considered to be a Level 3 financial instrument. The fair value of the overallotment liability at the IPO date of $52,147 was determined using the Black Scholes option pricing model based on the following assumptions: ​ ​ ​ ​ ​ Risk-free interest rate 0.73 % Dividend rate 0.00 % Volatility 5.00 % Expected life (in years) 0.12 ​ ​ The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2023. ​ ​ ​ ​ ​ ​ Forward ​ ​ Purchase ​ ​ Agreement ​ ​ Liability Balance at January 1, 2023 ​ $ 2,770,000 Change in fair value of Forward Purchase Agreement Liability ​ 15,600,000 Balance at December 31, 2023 ​ $ 18,370,000 ​ The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward ​ ​ ​ ​ ​ Purchase ​ ​ Overallotment ​ Agreement ​ Liability Liability Balance at January 1, 2022 $ — ​ $ — Issuance of overallotment option ​ 52,147 ​ ​ — Exercise of overallotment option ​ (52,147) ​ ​ — Change in fair value of Forward Purchase Agreement Liability ​ ​ — ​ ​ 2,770,000 Balance at December 31, 2022 ​ $ — ​ $ 2,770,000
Working Capital Loan		Working Capital Loan The Working Capital Loans (Note 5) are issued in the form of convertible notes. The embedded feature to convert the Working Capital Loans into Private Warrants at a price of $1.00 per warrant (the “Embedded Feature”) does not meet the definition of a derivative under ASC 815 and is not required to be accounted for separately, as it is eligible for the scope exception under ASC 815-10-15-74(a) related to contracts indexed to the Company’s own stock.
Due to Sponsor - related party		Due to Sponsor – related party The Due to Sponsor – related party balance as of December 31, 2023 totaled $68,460, of which $63,600 represents unpaid monthly administrative fees and $4,860 represents cash collected on behalf of the Sponsor in connection with the sale of the Founder Shares to the Anchor Investors (Note 5). These funds will be remitted to the Sponsor in the normal course of business. The Due to Sponsor balance as of December 31, 2022 of $9,960 includes $5,100 in unpaid monthly administrative fees and $4,860 in cash collected on behalf of the Sponsor in connection with the sale of the Founder Shares to the Anchor Investors (Note 5).
Income Taxes		Income Taxes The Company adopted ASC 740, “Income Taxes”, at its inception. Under ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry-forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the tax benefits of uncertain tax positions only when the positions are “more likely than not” to be sustained assuming examination by tax authorities and determined to be attributed to the Company. The determination of attribution, if any, applies for each jurisdiction where the Company is subject to income taxes on the basis of laws and regulations of the jurisdiction. The application of laws and regulations is subject to legal and factual interpretation, judgement, and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations, and court rulings. Therefore, the actual liability of the various jurisdictions may be materially different from management’s estimate. As of December 31, 2023 and 2022, the Company has no accrued interest or penalties related to uncertain tax positions. The Company is subject to income tax examinations by major taxing authorities since inception.
Recently Adopted Accounting Pronouncements		Recent Accounting Standards The Company does not expect any recently issued standards to have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of fair value of the overallotment liability determined using the Black Scholes option pricing model based on assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 12, 2024 August 2, 2024 Term ​ 3.00 ​ ​ 2.94 ​ Stock price ​ $ 3.54 ​ $ 0.78 ​ Exercise price ​ $ 13.36 ​ $ 13.36 ​ Volatility ​ ​ 46.00 % ​ 80.00 % Risk-free rate ​ ​ 4.20 % 3.71 % Dividends rate ​ ​ 0.00 % 0.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, 2024 September 30, 2024 Term ​ ​ 2.94 ​ ​ 2.78 Stock price ​ $ 0.78 ​ $ 1.15 ​ Volatility ​ 80.00 % 90.00 % Risk-free rate ​ 3.71 % 3.60 % Dividends rate ​ 0.00 % 0.00 %
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of reconciliation of net income (loss) per share		A reconciliation of net loss per share is as follows for the year ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ redemption Class A Class B Totals Allocation of undistributable losses ​ ​ (11,732,741) ​ ​ (181,724) ​ ​ (3,028,738) ​ ​ (14,943,203) Net loss to common stock ​ $ (11,732,741) ​ $ (181,724) ​ $ (3,028,738) ​ $ (14,943,203) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 8,909,750 ​ 138,000 ​ 2,300,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (1.32) ​ $ (1.32) ​ $ (1.32) ​ ​ ​ ​ A reconciliation of net loss per share is as follows for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ​ ​ ​ ​ ​ ​ ​ ​ subject to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ possible ​ ​ ​ ​ ​ ​ ​ ​ redemption ​ Class A ​ Class B ​ Totals Allocation of undistributable losses ​ ​ (2,711,247) ​ ​ (40,669) ​ ​ (1,011,722) ​ ​ (3,763,638) Net loss to common stock ​ $ (2,711,247) ​ $ (40,669) ​ $ (1,011,722) ​ $ (3,763,638) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 5,872,877 ​ 88,093 ​ 2,191,507 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net loss per share ​ $ (0.46) ​ $ (0.46) ​ $ (0.46) ​ ​ ​
Schedule of reconciliation of Class A common stock subject to possible redemption		The reconciliation of Class A common stock subject to possible redemption as of December 31, 2023 and 2022 is as follows: ​ ​ ​ ​ Gross proceeds from sale of Public Units $ 92,000,000 Less: Proceeds allocated to Public Warrants (Note 3) ​ ​ (1,613,009) Less: Proceeds allocated to Rights (Note 3) ​ ​ (4,301,659) Less: Proceeds allocated to underwriter’s overallotment option (Note 7) ​ ​ (52,147) Less: Issuance costs allocated to Class A common stock subject to possible redemption ​ ​ (8,139,659) Accretion to redemption value of Class A common stock subject to possible redemption ​ ​ 15,026,474 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 848,637 Class A common stock subject to possible redemption as of December 31, 2022 ​ $ 93,768,637 Accretion to redemption value of Class A common stock subject to possible redemption due to extension payments ​ ​ 2,491,431 Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned ​ ​ 3,434,458 Less: Redemption of Class A common stock ​ ​ (20,961,169) Class A common stock subject to possible redemption as of December 31, 2023 ​ $ 78,733,357
Schedule of fair value of the overallotment liability determined using the Black Scholes option pricing model based on assumptions		​ ​ ​ ​ ​ Risk-free interest rate 0.73 % Dividend rate 0.00 % Volatility 5.00 % Expected life (in years) 0.12 ​
Schedule of changes in Level 3 liabilities measured at fair value on a recurring basis		The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2023. ​ ​ ​ ​ ​ ​ Forward ​ ​ Purchase ​ ​ Agreement ​ ​ Liability Balance at January 1, 2023 ​ $ 2,770,000 Change in fair value of Forward Purchase Agreement Liability ​ 15,600,000 Balance at December 31, 2023 ​ $ 18,370,000 ​ The table below presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the year ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward ​ ​ ​ ​ ​ Purchase ​ ​ Overallotment ​ Agreement ​ Liability Liability Balance at January 1, 2022 $ — ​ $ — Issuance of overallotment option ​ 52,147 ​ ​ — Exercise of overallotment option ​ (52,147) ​ ​ — Change in fair value of Forward Purchase Agreement Liability ​ ​ — ​ ​ 2,770,000 Balance at December 31, 2022 ​ $ — ​ $ 2,770,000

INCOME TAXES (Tables)

INCOME TAXES (Tables) - Monterey Capital Acquisition Corporation	12 Months Ended
	Dec. 31, 2023
INCOME TAXES
Schedule of effective income tax rate	​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 Statutory Federal Tax 21 % 21 % Business combination costs (1.8) — ​ Loss on Forward Purchase Agreement liability (23.3) (16.5) ​ Change in valuation allowance (2.4) (11.3) ​ Effective Tax Rate (6.5) % (6.8) %
Schedule of income tax provision	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Federal ​ ​ Current ​ $ 913,808 ​ $ 240,507 Deferred ​ (336,127) ​ (398,526) Change in valuation allowance ​ 336,127 ​ 398,526 Income tax provision ​ $ 913,808 ​ $ 240,507
Schedule of company's net deferred tax assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Deferred tax asset ​ ​ Net operating loss carryforward ​ $ — ​ $ — Startup/Organization expenses ​ 738,831 ​ 402,703 Total deferred tax assets ​ 738,831 ​ 402,703 Valuation allowance ​ ​ (738,831) ​ ​ (402,703) Deferred tax asset, net of allowance ​ $ — ​ $ —

ORGANIZATION, DESCRIPTION OF _2

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN - Nature of Operations and Business Combination (Details)					9 Months Ended	12 Months Ended
	Aug. 02, 2024 USD ($) D $ / shares	Nov. 06, 2023 USD ($) item $ / shares	Aug. 11, 2023 USD ($)	Jun. 11, 2023 item $ / shares	Sep. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) product item $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	May 13, 2022 $ / shares	Oct. 06, 2021 shares
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Common stock, shares issued | shares					21,124,057	5,291,381
Common stock, shares outstanding | shares					21,124,057	5,291,381
Class A common stock
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Common stock, shares issued | shares					21,124,057
Common stock, shares outstanding | shares					21,124,057
Meteora | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Number of shares to be issued | shares							6,600,000
Estimated redemption price per share | $ / shares							$ 10.19
Prepayment amount					$ 37,000,000
Percentage of prepayment shortfall					1%
Amount of additional consideration					$ 500,000
Minimum VWAP per share | $ / shares	$ 2				$ 7.5
Threshold trading days					20 days
Threshold trading day period					30 days
Percentage of reduction in prepayment shortfall	0.50%
Maximum number of days to provide written notice to request additional prepayment shortfall	45 days
Amount of additional shortfall request	$ 300,000
Recovery of an outstanding prepayment shortfall (as percentage)	120%
Number of trading days prior to as additional shortfall request | D	10
Number of times the value of current shares is greater than additional shortfall request | D	7
Number of trading days prior to the average daily value in additional shortfall request | D	10
Number of times the average daily value of shares is greater than additional shortfall request | D	7
Documented Fees and Expenses					$ 575,000
Meteora | Minimum | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
VWAP Triggered price per share | $ / shares					$ 5
Meteora | Maximum | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Amount of indebtedness					$ 25,000,000
Meteora | Class A common stock | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Number of shares purchased from redeeming stockholders | shares					3,288,466
Monterey Capital Acquisition Corporation
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Number of initial businesses combination minimum | item						1
Redemption of class a common stock						$ 20,961,169	$ 0
Amount held in trust account						78,702,824	$ 94,209,804
Maximum number of times that the period to consummate the initial business combination can be extended | item		6		6
Term by which the period to consummate initial business combination shall be extended each time		1 month		1 month
Maximum payment to be made by ConnectM for each monthly extension		$ 414,000
Aggregate payment to be made by ConnectM for all monthly extensions		$ 2,484,000
Number Of Monthly Extensions Available To Consummate Initial Business Combination | item		6
Maximum payment for each then-outstanding share of Common Stock to be made by ConnectM for each monthly extension | $ / shares		$ 0.045		$ 0.045
Redemption limitation		$ 5,000,001
Second Extension Payment			$ 920,000
Monterey Capital Acquisition Corporation | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Maximum forward purchase transaction amount						75,000
Quarterly fee paid						$ 5,000
Share price | $ / shares						$ 0.05
Disposition of share price | $ / shares						$ 0.03
Monterey Capital Acquisition Corporation | ConnectM
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Number of shares issued as merger consideration | shares						14,500,000
Threshold trading day period						30 days
Period for written notice						2 days
Reimbursement of transaction expenses						$ 1,200,000
Period for written notice given by Acquiree						15 days
Monterey Capital Acquisition Corporation | ConnectM | Lock-Up Agreement/Transfer Restrictions
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Threshold trading days						20 days
Period after closing date						150 days
Price of stock equals for not to transfer any shares of common stock | $ / shares						$ 16.5
Period agreed for not to transfer any shares of common stock						180 days
Monterey Capital Acquisition Corporation | Class A common stock
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Common stock, shares issued | shares						7,376,125
Common stock, shares outstanding | shares							9,338,000
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Redemption of class a common stock						$ 20,961,169
Redemption price per share | $ / shares		$ 10.68
Amount removed from Trust Account for redemption		$ 20,961,169
Monterey Capital Acquisition Corporation | Class B Common Stock
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Common stock, shares issued | shares						2,300,000	2,300,000
Common stock, shares outstanding | shares						2,300,000	2,300,000
Monterey Capital Acquisition Corporation | Class B Common Stock | Sponsor
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Common stock, shares issued | shares									2,875,000
Monterey Capital Acquisition Corporation | Meteora | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Amount held in trust account						$ 78,702,824
Estimated redemption price per share | $ / shares						$ 10.88
Estimated income and franchise taxes to be paid						$ 30,533
Minimum beneficial ownership percentage by Meteora on a post-merger pro forma basis						9.90%
Percentage of prepayment shortfall						1%
Percentage of proceeds from sales equals to prepayment shortfall						100%
Minimum VWAP per share | $ / shares						$ 7.5
Threshold trading days						20 days
Threshold trading day period						30 days
Period after closing date						30 days
Trading day period prior to maturity date for calculating VWAP price per share						10 days
Number used to calculate product | product						3
Number of shares used to calculate product for consideration in shares | shares						6,600,000
Minimum period for penalty shares to be freely tradable						45 days
Documented Fees and Expenses						$ 75,000
Amount of consideration equal to the product						40,000
Amount to be paid in case of termination of agreement						$ 500,000
Monterey Capital Acquisition Corporation | Meteora | Minimum | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
VWAP Triggered price per share | $ / shares						$ 5
Unsold share price if maturity consideration in cash | $ / shares						2
Unsold share price if maturity consideration in shares | $ / shares						$ 2
Monterey Capital Acquisition Corporation | Meteora | Maximum | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Number of shares to be issued | shares						6,600,000
Unsold share price if maturity consideration in cash | $ / shares						$ 2.5
Unsold share price if maturity consideration in shares | $ / shares						$ 2.5
Amount of indebtedness						$ 25,000,000
Monterey Capital Acquisition Corporation | Forward Purchase Agreement Liability
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Maximum forward purchase transaction amount						75,000
Quarterly fee paid						$ 5,000
Share price | $ / shares						$ 0.05
Disposition of share price | $ / shares						0.03
Monterey Capital Acquisition Corporation | Initial public offering
ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN
Initial price (in dollar per share) | $ / shares								$ 10.1
Extension price per unit | $ / shares						$ 414,000

ORGANIZATION, DESCRIPTION OF _3

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN - Additional information (Details)

1 Months Ended

3 Months Ended

12 Months Ended

Mar. 11, 2024 USD ($)

Feb. 09, 2024 USD ($)

Jan. 08, 2024 USD ($)

Dec. 11, 2023 USD ($)

Nov. 30, 2023 USD ($)

Nov. 09, 2023 USD ($)

Nov. 06, 2023 USD ($) shares

Sep. 30, 2023 USD ($)

Jun. 30, 2023 USD ($)

Jun. 11, 2023

May 09, 2023 USD ($)

May 13, 2022 USD ($) $ / shares shares

Apr. 30, 2023 USD ($)

Nov. 13, 2023

Aug. 13, 2023

Dec. 31, 2023 USD ($) item $ / shares shares

Dec. 31, 2022 USD ($) $ / shares shares

Nov. 19, 2024 $ / shares

Sep. 30, 2024 USD ($) $ / shares

Jul. 12, 2024 $ / shares

Aug. 11, 2023 USD ($)

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

$ 0.0001

$ 0.0001

Number of shares issuable per warrant | shares

1

Exercise price of warrants (in dollars per share) | $ / shares

$ 3.61

Cash

$ 1,160,000

$ 1,882,000

Preferred shares, par value (in dollars per share) | $ / shares

$ 0.0001

0.0001

Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

Subsequent events

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

Monterey Capital Acquisition Corporation

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

$ 0.0001

Exercise price of warrants (in dollars per share) | $ / shares

$ 1

Aggregate purchase price

$ 0

$ 3,040,000

Transaction Costs

8,698,910

Underwriting fees

920,000

Deferred underwriting commissions payable to underwriter

3,680,000

Estimated fair value of representative share

622,882

Fair value of transferred units

2,508,632

Other offering costs

967,396

Cash

5,947

5,938

Shares subject to possible redemption, transaction costs

8,139,659

Investment of cash into Trust Account

(2,491,431)

(92,920,000)

Investments maximum maturity term

185 days

Withdrew dividend and interest income earned from Trust Account

$ 1,588,710

0

Number of initial businesses combination minimum | item

1

Threshold minimum aggregate fair market value of asset held in trust account (in percent)

80%

Ownership interest to be acquired on post-transaction company

50%

Minimum net tangible asset up on consummation of business combination

$ 5,000,001

Maximum percentage of shares that can be redeemed without prior consent of the Company

15%

Obligation to redeem Public Shares if entity does not complete a Business Combination (as a percent)

100%

Threshold period to complete business combination

24 months

Extended period to consummate initial business combination

3 months

3 months

First Extension Payment

$ 920,000

Deferred credit - term extension fee funded by acquisition target company

$ 920,000

$ 2,491,431

Deferred credit recognized for First Extension Payment

$ 920,000

Current extension period

1 month

1 month

1 month

1 month

1 month

1 month

1 month

Additional extension payment by connect

$ 325,716

$ 325,716

$ 325,716

$ 325,716

$ 325,715

Maximum amount of interest and dividends earned in trust account

100,000

Redemption of investments in Trust Account for franchise taxes

1,588,710

0

Outstanding working capital loan

739,457

Aggregate of proceeds from sponsor

$ 0

$ 274,100

Preferred shares, par value (in dollars per share) | $ / shares

$ 0.0001

$ 0.0001

Exercise tax liability

$ 209,612

Monterey Capital Acquisition Corporation | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

$ 0.0001

Purchase of shares | shares

138,000

Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of shares redeemed | shares

1,961,875

Value of common stock redeemed

$ 20,961,169

Monterey Capital Acquisition Corporation | 2023 Equity Incentive Plan

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Initial aggregate share reserve percentage on common stock

10%

Aggregate share reserve percentage on common stock outstanding on the final day of the immediately preceding calendar year

4%

Monterey Capital Acquisition Corporation | Use of Funds Restricted for Payment of Taxes

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Interest and dividend income earned in Trust Account

$ 302,000

Payments of general operating expenses

$ 58,000

$ 215,000

$ 87,000

Monterey Capital Acquisition Corporation | Warrants | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of shares issuable per warrant | shares

1

Exercise price of warrants (in dollars per share) | $ / shares

$ 11.5

Monterey Capital Acquisition Corporation | Public Warrants

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Warrants, transaction costs

$ 152,515

Monterey Capital Acquisition Corporation | Warrant Rights

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of common shares unit | shares

0.1

Warrants, transaction costs

$ 406,736

Monterey Capital Acquisition Corporation | Initial public offering

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of units sold | shares

9,200,000

Number of common shares unit | shares

0.10

Purchase price (in dollars per share) | $ / shares

$ 10

Proceeds from issuance initial public offering

$ 92,000,000

Estimated fair value of representative share

622,882

Cash

$ 923,563

Share price per unit | $ / shares

$ 10.1

Investment of cash into Trust Account

$ (92,920,000)

Monterey Capital Acquisition Corporation | Initial public offering | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of shares in a unit | shares

1

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

Monterey Capital Acquisition Corporation | Initial public offering | Anchor investor

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Purchase price (in dollars per share) | $ / shares

$ 10

Issuance of common stock (in shares) | shares

600,000

Share price per unit | $ / shares

$ 0.009

Purchase of shares | shares

9,108,000

Monterey Capital Acquisition Corporation | Initial public offering | Warrants

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Exercise price of warrants (in dollars per share) | $ / shares

$ 11.5

Monterey Capital Acquisition Corporation | Initial public offering | Warrants | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of warrants in a unit | shares

1

Number of shares issuable per warrant | shares

1

Monterey Capital Acquisition Corporation | Initial public offering | Public Warrants

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of warrants in a unit | shares

1

Monterey Capital Acquisition Corporation | Initial public offering | Public Warrants | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of shares issuable per warrant | shares

1

Exercise price of warrants (in dollars per share) | $ / shares

$ 11.5

Monterey Capital Acquisition Corporation | Private Placement | Private placement warrants | Class A Common Stock

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of shares issuable per warrant | shares

1

Monterey Capital Acquisition Corporation | Private Placement | Private placement warrants | Sponsor

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Sale of Private Placement Warrants (in shares) | shares

3,040,000

Price of warrant (in dollars per share) | $ / shares

$ 1

Aggregate purchase price

$ 3,040,000

Monterey Capital Acquisition Corporation | Over-allotment option

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Number of units sold | shares

1,200,000

Monterey Capital Acquisition Corporation | ConnectM

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

Cure period

30 days

Preferred shares, par value (in dollars per share) | $ / shares

$ 0.0001

Transaction expenses

$ 8,000,000

Period for written notice

2 days

Period for written notice given by Acquiree

15 days

Monterey Capital Acquisition Corporation | ConnectM | Lock-Up Agreement/Transfer Restrictions

ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN

Period agreed for not to transfer any shares of common stock

180 days

Price of stock equals for not to transfer any shares of common stock | $ / shares

$ 16.5

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)		12 Months Ended
	May 16, 2022 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Exercise price of warrants | $ / shares			$ 3.61
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business combination costs		$ 1,200,000	$ 600,000
Redemption value of dissolution expenses		100,000	100,000
Estimated dissolution expenses paid from interest earned		100,000
Gain (Loss) on change in fair value of Forward Purchase Agreement liability		$ (15,600,000)	(2,770,000)
Exercise price of warrants | $ / shares		$ 1
Repayments of Related Party Debt		$ 0	354,100
Monterey Capital Acquisition Corporation | Forward Purchase Agreement Liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gain (Loss) on change in fair value of Forward Purchase Agreement liability		$ 15,600,000	$ 2,770,000
Monterey Capital Acquisition Corporation | Sponsor | Promissory Note With Related Party
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Repayments of Related Party Debt	$ 354,100
Monterey Capital Acquisition Corporation | Level 3 | Volatility
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Measurement Input			0.05
Monterey Capital Acquisition Corporation | Level 3 | Volatility | Forward Purchase Agreement Liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Measurement Input		0.417	0.432
Monterey Capital Acquisition Corporation | Level 3 | Discount Rate | Forward Purchase Agreement Liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Measurement Input		0.04	0.042
Monterey Capital Acquisition Corporation | Meteora Holding | Forward Purchase Agreement Liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of units to be purchased pursuant to agreement | shares			6,600,000
Fair value of put option		$ 18,370,000	$ 2,770,000
Gain (Loss) on change in fair value of Forward Purchase Agreement liability		$ 15,600,000	$ 2,770,000
Monterey Capital Acquisition Corporation | Meteora Holding | Level 3 | Forward Purchase Agreement Liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of units to be purchased pursuant to agreement | shares		6,600,000	6,600,000
Purchase price, per unit | $ / shares		$ 12.88	$ 12.2
Estimated contractual maturity period		3 years 3 months
Percentage of completion of business combination		80%	12%
Monterey Capital Acquisition Corporation | Class B Common Stock
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Maximum Common Stock Share Subject To Forfeiture | shares		300,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of net income (loss) per share (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Weighted average shares outstanding of Common Stock, basic (in shares)	20,171,922	21,124,057	15,643,799	21,124,057
Weighted average shares outstanding of Common Stock, diluted ( in shares)	20,171,922	21,124,057	15,643,799	21,124,057
Basic net loss per share, Common Stock ( in dollars per share)	$ (0.61)	$ (0.12)	$ (1.09)	$ (0.24)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (0.61)	$ (0.12)	$ (1.09)	$ (0.24)
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Allocation of undistributable losses					$ (14,943,203)	$ (3,763,638)
Net income (loss) to common stock					(14,943,203)	(3,763,638)
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Allocation of undistributable losses					(11,732,741)	(2,711,247)
Net income (loss) to common stock					$ (11,732,741)	$ (2,711,247)
Weighted average shares outstanding of Common Stock, basic (in shares)					8,909,750	5,872,877
Weighted average shares outstanding of Common Stock, diluted ( in shares)					8,909,750	5,872,877
Basic net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)
Monterey Capital Acquisition Corporation | Class A Common Stock
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Allocation of undistributable losses					$ (181,724)	$ (40,669)
Net income (loss) to common stock					$ (181,724)	$ (40,669)
Weighted average shares outstanding of Common Stock, basic (in shares)					138,000	88,093
Weighted average shares outstanding of Common Stock, diluted ( in shares)					138,000
Basic net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)
Monterey Capital Acquisition Corporation | Class B Common Stock
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Allocation of undistributable losses					$ (3,028,738)	$ (1,011,722)
Net income (loss) to common stock					$ (3,028,738)	$ (1,011,722)
Weighted average shares outstanding of Common Stock, basic (in shares)					2,300,000	2,191,507
Weighted average shares outstanding of Common Stock, diluted ( in shares)					2,300,000	2,191,507
Basic net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)
Diluted net loss per share, Common Stock ( in dollars per share)					$ (1.32)	$ (0.46)

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Class A Common Stock Subject to Possible redemption (Details) - Monterey Capital Acquisition Corporation - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accretion to redemption value of Class A common stock subject to possible redemption due to extension payments	$ (2,491,431)
Less: Redemption of Class A common stock shares	(20,961,169)	$ 0
Class A common stock subject to possible redemption
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross proceeds from sale of Public Units		92,000,000
Less: Proceeds allocated to Public Warrants		(1,613,009)
Less: Proceeds allocated to Rights		(4,301,659)
Less: Proceeds allocated to underwriter's overallotment option		(52,147)
Less: Issuance costs allocated to Class A common stock subject to possible redemption		(8,139,659)
Accretion to redemption value of Class A common stock subject to possible redemption		15,026,474
Accretion to redemption value of Class A common stock subject to possible redemption due to dividend and interest income earned	3,434,458	848,637
Balance at the beginning	93,768,637
Accretion to redemption value of Class A common stock subject to possible redemption due to extension payments	2,491,431
Less: Redemption of Class A common stock shares	(20,961,169)
Balance at the end	$ 78,733,357	$ 93,768,637

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Overallotment liability (Details) - Monterey Capital Acquisition Corporation - Level 3	Dec. 31, 2022 Y
Risk-free interest rate
Fair value disclosure
Measurement Input	0.0073
Dividend rate
Fair value disclosure
Measurement Input	0
Volatility
Fair value disclosure
Measurement Input	0.05
Expected life (in years)
Fair value disclosure
Measurement Input	0.12

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurements (Details)	Dec. 31, 2022 USD ($)
Monterey Capital Acquisition Corporation | Overallotment liability
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Liability, fair value	$ 52,147

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Changes in Level 3 liabilities (Details) - Monterey Capital Acquisition Corporation - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Changes in Level 3 liabilities
Change in fair value of Forward Purchase Agreement Liability	$ (15,600,000)	$ (2,770,000)
Forward Purchase Agreement Liability
Changes in Level 3 liabilities
Fair value beginning balance	2,770,000
Change in fair value of Forward Purchase Agreement Liability	15,600,000	2,770,000
Fair value ending balance	$ 18,370,000	2,770,000
Overallotment Liability [Member]
Changes in Level 3 liabilities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances		52,147
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales		$ 52,147

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Due to Sponsor - related party (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party	$ 1,057,000
Related Party [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party	$ 686,000
Monterey Capital Acquisition Corporation
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party		$ 68,460	$ 9,960
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued		0	0
Monterey Capital Acquisition Corporation | Sponsor
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party		68,460	9,960
Monterey Capital Acquisition Corporation | Sponsor | Unpaid monthly administrative service fees
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party		63,600	5,100
Monterey Capital Acquisition Corporation | Sponsor | Cash collected in connection with sale of founder shares to anchor investors
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Related party		$ 4,860	$ 4,860

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details) - $ / shares		12 Months Ended
	May 13, 2022	Dec. 31, 2023	Sep. 30, 2024	Jul. 12, 2024	Dec. 31, 2022
INITIAL PUBLIC OFFERING
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001	$ 0.0001
Number of shares issuable per warrant					1
Exercise price of warrants					$ 3.61
Class A common stock
INITIAL PUBLIC OFFERING
Common stock, par value (in dollars per share)			$ 0.0001
Monterey Capital Acquisition Corporation
INITIAL PUBLIC OFFERING
Common stock, par value (in dollars per share)		0.0001		$ 0.0001
Exercise price of warrants		1
Monterey Capital Acquisition Corporation | Class A common stock
INITIAL PUBLIC OFFERING
Common stock, par value (in dollars per share)		$ 0.0001			$ 0.0001
Monterey Capital Acquisition Corporation | Public Warrants
INITIAL PUBLIC OFFERING
Public warrants exercisable term after the completion of a business combination		30 days
Public warrants expiration term		5 years
Monterey Capital Acquisition Corporation | Warrants
INITIAL PUBLIC OFFERING
Public warrants exercisable term after the completion of a business combination	30 days
Public warrants expiration term	5 years
Monterey Capital Acquisition Corporation | Warrants | Class A common stock
INITIAL PUBLIC OFFERING
Number of shares issuable per warrant		1
Exercise price of warrants		$ 11.5
Monterey Capital Acquisition Corporation | Initial public offering
INITIAL PUBLIC OFFERING
Number of units sold	9,200,000
Purchase price, per unit	$ 10
Number of rights in a unit	one
Number of common shares unit	0.10
Monterey Capital Acquisition Corporation | Initial public offering | Class A common stock
INITIAL PUBLIC OFFERING
Number of shares in a unit	1
Common stock, par value (in dollars per share)	$ 0.0001
Monterey Capital Acquisition Corporation | Initial public offering | Public Warrants
INITIAL PUBLIC OFFERING
Number of warrants in a unit	1
Monterey Capital Acquisition Corporation | Initial public offering | Public Warrants | Class A common stock
INITIAL PUBLIC OFFERING
Number of shares issuable per warrant	1
Exercise price of warrants	$ 11.5
Monterey Capital Acquisition Corporation | Initial public offering | Warrants
INITIAL PUBLIC OFFERING
Exercise price of warrants	$ 11.5
Monterey Capital Acquisition Corporation | Initial public offering | Warrants | Class A common stock
INITIAL PUBLIC OFFERING
Number of warrants in a unit	1
Number of shares issuable per warrant	1

PRIVATE PLACEMENT (Details)

PRIVATE PLACEMENT (Details) - USD ($)		12 Months Ended
	May 13, 2022	Dec. 31, 2023	Dec. 31, 2022
PRIVATE PLACEMENT
Warrant exercisable in to shares			1
Monterey Capital Acquisition Corporation
PRIVATE PLACEMENT
Aggregate purchase price		$ 0	$ 3,040,000
Monterey Capital Acquisition Corporation | Private Placement | Private placement warrants | Class A common stock
PRIVATE PLACEMENT
Warrant exercisable in to shares	1
Monterey Capital Acquisition Corporation | Private Placement | Private placement warrants | Sponsor
PRIVATE PLACEMENT
Warrants exercisable to purchase Class A ordinary shares	3,040,000
Price of warrants	$ 1
Aggregate purchase price	$ 3,040,000

RELATED PARTY TRANSACTIONS - Fo

RELATED PARTY TRANSACTIONS - Founder Shares (Details) - USD ($)				1 Months Ended	9 Months Ended	12 Months Ended
	May 13, 2022	May 10, 2022	Oct. 28, 2021	Oct. 31, 2021	Sep. 30, 2024	Dec. 31, 2022	Jul. 12, 2024	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
Issuance of common shares					$ 35,000
Common shares, par value (in dollars per share)					$ 0.0001		$ 0.0001	$ 0.0001
Common stock, shares outstanding					21,124,057			5,291,381
Related party					$ 1,057,000
Related party
RELATED PARTY TRANSACTIONS
Related party					$ 686,000
Monterey Capital Acquisition Corporation
RELATED PARTY TRANSACTIONS
Issuance of common shares						$ 622,882
Common shares, par value (in dollars per share)							$ 0.0001	$ 0.0001
Related party						$ 9,960		$ 68,460
Monterey Capital Acquisition Corporation | Class B common stock
RELATED PARTY TRANSACTIONS
Common shares, par value (in dollars per share)						$ 0.0001		$ 0.0001
Common stock, shares outstanding						2,300,000		2,300,000
Monterey Capital Acquisition Corporation | Sponsor
RELATED PARTY TRANSACTIONS
Related party						$ 9,960		$ 68,460
Monterey Capital Acquisition Corporation | Sponsor | Class B common stock
RELATED PARTY TRANSACTIONS
Stock transferred to others				25,000
Monterey Capital Acquisition Corporation | Founder shares
RELATED PARTY TRANSACTIONS
Common stock, shares outstanding		2,300,000
Shares subject to forfeiture		300,000
Shares are no longer subject to forfeiture	300,000
Monterey Capital Acquisition Corporation | Founder shares | Sponsor
RELATED PARTY TRANSACTIONS
Number of shares surrendered		575,000
Consideration of shares surrendered for cancellations		$ 0
Monterey Capital Acquisition Corporation | Founder shares | Sponsor | Class B common stock
RELATED PARTY TRANSACTIONS
Issuance of common shares				$ 25,000
Purchase price, per unit				$ 0.009
Issuance of common stock (in shares)				2,875,000
Common shares, par value (in dollars per share)				$ 0.0001
Number of shares surrendered		575,000
Consideration of shares surrendered for cancellations		$ 0
Common stock, shares outstanding								2,300,000
Shares subject to forfeiture				300,000
Shares are no longer subject to forfeiture	300,000
Related party						$ 4,860		$ 4,860
Monterey Capital Acquisition Corporation | Founder shares | Sponsor | Class B common stock | Independent directors
RELATED PARTY TRANSACTIONS
Stock transferred to others			25,000
Monterey Capital Acquisition Corporation | Founder shares | Sponsor | Class B common stock | Anchor investor
RELATED PARTY TRANSACTIONS
Stock transferred to others	60,000
Monterey Capital Acquisition Corporation | Founder shares | Sponsor | Class B common stock | Ten anchor investors
RELATED PARTY TRANSACTIONS
Stock transferred to others	600,000

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Jul. 12, 2024
RELATED PARTY TRANSACTIONS
Exercise price of warrants						$ 3.61
Principal amount							$ 3,800,000
Related party	$ 1,057,000		$ 1,057,000
Selling, general and administrative expenses	$ 4,900,000	$ 2,843,000	$ 11,773,000	$ 8,780,000
Monterey Capital Acquisition Corporation
RELATED PARTY TRANSACTIONS
Exercise price of warrants					$ 1
Related party					$ 68,460	$ 9,960
Monterey Capital Acquisition Corporation | Sponsor
RELATED PARTY TRANSACTIONS
Related party					68,460	9,960
Monterey Capital Acquisition Corporation | Working capital loans | Sponsor
RELATED PARTY TRANSACTIONS
Maximum borrowing capacity of related party promissory note					582,457	157,000
Maximum loans convertible into warrants					$ 1,500,000
Debt instrument convertible conversion price					$ 1
Convertible notes					$ 739,457	157,000
Monterey Capital Acquisition Corporation | Administrative support agreement | Sponsor
RELATED PARTY TRANSACTIONS
Expenses per month					10,000
Expenses incurred					120,000	75,000
Related party					63,600	5,100
Monterey Capital Acquisition Corporation | Promissory note with related party | Sponsor
RELATED PARTY TRANSACTIONS
Maximum borrowing capacity of related party promissory note					400,000
Convertible notes					$ 0	$ 0

CONVERTIBLE NOTES (Details)

CONVERTIBLE NOTES (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
CONVERTIBLE NOTES
Proceeds from the issuance of convertible notes	$ 740,000	$ 900,000
Monterey Capital Acquisition Corporation
CONVERTIBLE NOTES
Proceeds from the issuance of convertible notes			$ 445,000	$ 0
Monterey Capital Acquisition Corporation | Convertible note
CONVERTIBLE NOTES
Convertible notes			$ 445,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Effective tax rate differs from statutory rate (in percent)	21%	21%	21%	21%
Monterey Capital Acquisition Corporation
INCOME TAXES
Effective tax rate					(6.50%)	(6.80%)
Effective tax rate differs from statutory rate (in percent)					21%	21%
Unrecognized tax benefits					$ 0
Monterey Capital Acquisition Corporation | U.S. federal
INCOME TAXES
Net operating loss carryovers that do not expire					$ 0	$ 0

INCOME TAXES - Schedule of effe

INCOME TAXES - Schedule of effective income tax rate (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Effective tax rate differs from statutory rate (in percent)	21%	21%	21%	21%
Monterey Capital Acquisition Corporation
INCOME TAXES
Effective tax rate differs from statutory rate (in percent)					21%	21%
Business combination costs					(1.80%)
Loss on Forward Purchase Agreement liability					(23.30%)	(16.50%)
Change in valuation allowance					(2.40%)	(11.30%)
Effective Tax Rate					(6.50%)	(6.80%)

INCOME TAXES - Company's net de

INCOME TAXES - Company's net deferred tax assets (Details) - Monterey Capital Acquisition Corporation - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax asset
Startup/Organization expenses	$ 738,831	$ 402,703
Deferred tax assets	738,831	402,703
Valuation allowance	$ (738,831)	$ (402,703)

INCOME TAXES - Income tax provi

INCOME TAXES - Income tax provision (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Federal
Total income taxes	$ 0	$ 0	$ 0	$ 0
Monterey Capital Acquisition Corporation
Federal
Current					$ 913,808	$ 240,507
Deferred					(336,127)	(398,526)
Change in valuation allowance					336,127	398,526
Total income taxes					$ 913,808	$ 240,507

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)			12 Months Ended
	Jul. 11, 2024 USD ($) D	May 13, 2022 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Jul. 12, 2024 USD ($)	Dec. 31, 2022 USD ($)
COMMITMENTS AND CONTINGENCIES
Deferred underwriting fees payable	$ 3,700,000
Cash payable in discharge of underwriting fee	$ 500,000
Threshold days for payment of cash to underwriter | D	30
Principal amount				$ 3,800,000
Monterey Capital Acquisition Corporation
COMMITMENTS AND CONTINGENCIES
Cash underwriting discount per unit | $ / shares		$ 0.1
Payment of underwriter discount		$ 920,000
Deferred fee per unit | $ / shares			$ 0.4
Deferred underwriting commissions payable to underwriter			$ 3,680,000
Deferred underwriting fees payable			3,680,000		$ 3,680,000
Monterey Capital Acquisition Corporation | Forward Purchase Agreement Liability
COMMITMENTS AND CONTINGENCIES
Maximum forward purchase transaction amount			75,000
Quarterly fee paid			$ 5,000
Share price | $ / shares			$ 0.05
Disposition of share price | $ / shares			$ 0.03
Monterey Capital Acquisition Corporation | Over-allotment option
COMMITMENTS AND CONTINGENCIES
Underwriting option period		45 days
Number of units sold | shares		1,200,000
Monterey Capital Acquisition Corporation | Underwriter | Class A common stock
COMMITMENTS AND CONTINGENCIES
Issuance of common stock (in shares) | shares			138,000
Monterey Capital Acquisition Corporation | Forward Purchase Agreement Liability
COMMITMENTS AND CONTINGENCIES
Maximum forward purchase transaction amount			$ 75,000
Quarterly fee paid			$ 5,000
Share price | $ / shares			$ 0.05
Disposition of share price | $ / shares			$ 0.03
Additional fees and expenses paid			$ 75,000
Termination fees			$ 500,000

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) - Preferred Stock (Details) - $ / shares	Sep. 30, 2024	Jul. 12, 2024	Dec. 31, 2023	Dec. 31, 2022
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, shares authorized (in shares)	10,000,000
Preferred shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0		0
Monterey Capital Acquisition Corporation
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, shares authorized (in shares)			1,000,000	1,000,000
Preferred shares, par value (in dollars per share)			$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)			0	0
Preferred stock, shares outstanding (in shares)			0	0

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) - Common Stock (Details)		12 Months Ended
	May 10, 2022 USD ($) shares	Dec. 31, 2023 Vote $ / shares shares	Sep. 30, 2024 $ / shares shares	Jul. 12, 2024 $ / shares	Dec. 31, 2022 $ / shares shares	May 13, 2022 shares	Oct. 31, 2021 $ / shares shares	Oct. 06, 2021 shares
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)		5,291,381	21,124,057
Common stock, shares outstanding (in shares)		5,291,381	21,124,057
Class A common stock
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares authorized (in shares)			100,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001
Common stock, shares issued (in shares)			21,124,057
Common stock, shares outstanding (in shares)			21,124,057
Monterey Capital Acquisition Corporation
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001		$ 0.0001
Percentage of founder shares	20%
Percentage of issued and outstanding shares after the Initial Public Offering collectively held by initial stockholders		20%
Monterey Capital Acquisition Corporation | Founder shares
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares outstanding (in shares)	2,300,000
Shares subject to forfeiture	300,000
Shares are no longer subject to forfeiture						300,000
Monterey Capital Acquisition Corporation | Sponsor | Founder shares
STOCKHOLDERS' EQUITY (DEFICIT)
Number of shares surrendered	575,000
Consideration of shares surrendered for cancellations | $	$ 0
Monterey Capital Acquisition Corporation | Class A common stock
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares authorized (in shares)		100,000,000			100,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001
Common stock, votes per share | Vote		1
Common stock, shares issued (in shares)		7,376,125
Common stock, shares outstanding (in shares)					9,338,000
Monterey Capital Acquisition Corporation | Class B common stock
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares authorized (in shares)		10,000,000			10,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001
Common stock, votes per share | Vote		1
Common stock, shares issued (in shares)		2,300,000			2,300,000
Common stock, shares outstanding (in shares)		2,300,000			2,300,000
Monterey Capital Acquisition Corporation | Class B common stock | Sponsor
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares issued (in shares)								2,875,000
Monterey Capital Acquisition Corporation | Class B common stock | Sponsor | Founder shares
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value (in dollars per share) | $ / shares							$ 0.0001
Common stock, shares outstanding (in shares)		2,300,000
Number of shares surrendered	575,000
Consideration of shares surrendered for cancellations | $	$ 0
Shares subject to forfeiture							300,000
Shares are no longer subject to forfeiture						300,000
Monterey Capital Acquisition Corporation | Class A common stock subject to possible redemption
STOCKHOLDERS' EQUITY (DEFICIT)
Convertible Preferred Shares, outstanding		7,238,125			9,200,000

STOCKHOLDERS' EQUITY (DEFICIT_3

STOCKHOLDERS' EQUITY (DEFICIT) - Warrants (Details)		12 Months Ended
	May 13, 2022	Dec. 31, 2023 D $ / shares shares	Sep. 30, 2024 shares	Dec. 31, 2022 $ / shares shares
STOCKHOLDERS' EQUITY (DEFICIT)
Warrants outstanding | shares		77,494	13,067,494
Warrant exercisable in to shares | shares				1
Exercise price of warrants | $ / shares				$ 3.61
Monterey Capital Acquisition Corporation
STOCKHOLDERS' EQUITY (DEFICIT)
Warrants outstanding | shares		9,200,000
Exercise price of warrants | $ / shares		$ 1
Monterey Capital Acquisition Corporation | Class A common stock
STOCKHOLDERS' EQUITY (DEFICIT)
Issue price per share | $ / shares		$ 9.2
Rights receive by each holder | shares		0.1
Monterey Capital Acquisition Corporation | Warrants
STOCKHOLDERS' EQUITY (DEFICIT)
Public warrants exercisable term after the completion of a business combination	30 days
Public warrants expiration term	5 years
Monterey Capital Acquisition Corporation | Warrants | Class A common stock
STOCKHOLDERS' EQUITY (DEFICIT)
Warrant exercisable in to shares | shares		1
Exercise price of warrants | $ / shares		$ 11.5
Monterey Capital Acquisition Corporation | Private placement warrants
STOCKHOLDERS' EQUITY (DEFICIT)
Warrants outstanding | shares		3,040,000		3,040,000
Monterey Capital Acquisition Corporation | Public Warrants
STOCKHOLDERS' EQUITY (DEFICIT)
Warrants outstanding | shares		9,200,000		9,200,000
Issue price per share | $ / shares		$ 9.2
Percentage of gross proceeds on total equity proceeds		60
Adjustment of exercise price of warrants based on market value and newly issued price (as a percent)		115%
Stock price trigger for redemption of public warrants (in dollars per share) | $ / shares		$ 18
Adjustment one of redemption price of stock based on market value and newly issued price (as a percent)		180%
Public warrants exercisable term after the completion of a business combination		30 days
Public warrants expiration term		5 years
Redemption price per public warrant (in dollars per share) | $ / shares		$ 0.01
Minimum threshold written notice period for redemption of public warrants		30 days
Threshold trading days for redemption of public warrants | D		20
Threshold consecutive trading days for redemption of public warrants | D		30
Threshold number of business days before sending notice of redemption to warrant holders | D		3

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - Monterey Capital Acquisition Corporation - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Compensation expense		$ 0
Founder shares
Fair value on grant date (per share)		$ 0.87
Aggregate grant date fair value of the awards		$ 65,000
Total unrecognized compensation expense related to unvested founder shares		$ 65,000	$ 65,000
Sponsor | Class B common stock
Number of shares transferred (in shares)	25,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - DeliveryCircle LLC	Aug. 05, 2024 Vote USD ($) Right shares
SUBSEQUENT EVENTS
Percentage of equity interests acquired	46%
Percentage of voting equity interests acquired	57%
Number of voting members | Right	4
Total number of voting members | Vote	7
Number of days from the date of agreement for the payment of base price | $	576,000
Revenue growth percentage	20%
Class A Units
SUBSEQUENT EVENTS
Number of membership interests acquired	842,157
Class P Units
SUBSEQUENT EVENTS
Number of membership interests acquired	207,843
Series A Units
SUBSEQUENT EVENTS
Number of membership interests acquired	3,063

CONSOLIDATED BALANCE SHEETS_2

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Accounts receivable, net	$ 685,000
Contract asset	344,000
Convertible note receivable	445,000
Inventory	277,000
Deferred offering costs	1,297,000
Prepaid expenses and other assets	651,000
Total current assets	7,350,000
Right-of-use asset- operating lease	284,000
Right-of-use asset- finance lease	252,000
Property, plant and equipment, net	1,138,000
Goodwill	2,247,000
Intangible assets, net	1,841,000
Investment recorded at cost	45,000
Total Assets	13,157,000
Current liabilities
Accounts payable	3,860,000
Accrued expenses	1,718,000
Current portion of operating lease liability	115,000
Current portion of finance lease liability	99,000
Contract liabilities	1,121,000	$ 643,000
Total current liabilities	21,112,000
Non-current portion of operating lease liability	173,000
Non-current portion of finance lease liability	203,000
Noncurrent portion of debt, net of debt discount	1,150,000
Total liabilities	22,638,000
Commitments and Contingencies (Note 11)
Mezzanine Equity
Total mezzanine equity	11,983,000
Stockholders' Deficit:
Additional paid-in-capital	1,307,000
Accumulated deficit	(22,860,000)
Accumulated other comprehensive income	115,000
Stockholders' deficit	(21,438,000)
Noncontrolling interests	(26,000)
Total stockholders' deficit	(21,464,000)	(12,364,000)
Total liabilities, mezzanine equity and stockholders' deficit	13,157,000
ConnectM Before Business Combination
Current assets
Cash	1,160,368	1,923,332
Accounts receivable, net	684,788	1,164,392
Contract asset	343,646
Convertible note receivable	445,000
Inventory	277,343	656,214
Deferred offering costs	1,297,101	474,162
Due from Monterey Capital Acquisition Corporation	2,491,431
Prepaid expenses and other assets	650,738	444,662
Total current assets	7,350,415	4,662,762
Right-of-use asset- operating lease	283,634	252,781
Right-of-use asset- finance lease	252,231	316,025
Property, plant and equipment, net	1,137,699	1,080,957
Goodwill	2,246,619	2,403,722
Intangible assets, net	1,840,875	2,341,559
Investment recorded at cost	45,000
Total Assets	13,156,473	11,057,806
Current liabilities
Accounts payable	3,859,737	2,079,539
Accrued expenses	1,718,267	637,570
Current portion of convertible debt, at fair value	2,178,685	1,304,131
Current portion of operating lease liability	114,690	120,262
Current portion of finance lease liability	99,105	89,391
Contract liabilities	1,120,817	643,254
Total current liabilities	21,112,318	7,840,512
Non-current portion of operating lease liability	173,157	133,926
Non-current portion of finance lease liability	203,081	250,248
Noncurrent portion of debt, net of debt discount	1,150,481	3,214,849
Total liabilities	22,639,037	11,439,535
Commitments and Contingencies (Note 11)
Mezzanine Equity
Total mezzanine equity	11,982,284	11,982,284
Stockholders' Deficit:
Common stock, $0.0001 par value 5,000,000 shares authorized, 1,588,141 issued and outstanding	159	159
Additional paid-in-capital	1,307,065	1,306,658
Accumulated deficit	(22,860,351)	(13,710,685)
Accumulated other comprehensive income	114,624	17,011
Stockholders' deficit	(21,438,503)	(12,386,858)
Noncontrolling interests	(26,345)	22,843
Total stockholders' deficit	(21,464,848)	(12,364,014)
Total liabilities, mezzanine equity and stockholders' deficit	13,156,473	11,057,806
ConnectM Before Business Combination | Related Party
Current liabilities
Current portion of debt	85,437	85,822
ConnectM Before Business Combination | Nonrelated party
Current liabilities
Current portion of debt	11,935,580	2,880,543
ConnectM Before Business Combination | Series Seed Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity	2,200,000	2,200,000
ConnectM Before Business Combination | Series Seed-1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity	292,625	292,625
ConnectM Before Business Combination | Series A1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity	3,195,192	3,195,192
ConnectM Before Business Combination | Series B1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity	3,983,538	3,983,538
ConnectM Before Business Combination | Series B2 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity	$ 2,310,929	$ 2,310,929

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Jul. 12, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000		100,000,000
Common stock, shares issued	21,124,057		5,291,381
Common stock, shares outstanding	21,124,057		5,291,381
ConnectM Before Business Combination
Convertible Preferred Shares, authorized			2,517,166
Convertible Preferred Shares, issued			2,427,791
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001
Common stock, shares authorized			5,000,000	5,000,000
Common stock, shares issued			1,588,141	1,551,395
Common stock, shares outstanding			1,588,141	1,551,395
ConnectM Before Business Combination | Series Seed Convertible Preferred Shares
Convertible Preferred Shares, authorized			644,030	644,030
Convertible Preferred Shares, issued			644,030	644,030
Convertible Preferred Shares, outstanding			644,030	644,030	644,030
ConnectM Before Business Combination | Series Seed-1 Convertible Preferred Shares
Convertible Preferred Shares, authorized			91,120	91,120
Convertible Preferred Shares, issued			91,120	91,120
Convertible Preferred Shares, outstanding			91,120	91,120	91,120
ConnectM Before Business Combination | Series A1 Convertible Preferred Shares
Convertible Preferred Shares, authorized			743,068	743,068
Convertible Preferred Shares, issued			743,068	743,068
Convertible Preferred Shares, outstanding			743,068	743,068	743,068
ConnectM Before Business Combination | Series B1 Convertible Preferred Shares
Convertible Preferred Shares, authorized			649,843	649,843
Convertible Preferred Shares, issued			649,843	649,843
Convertible Preferred Shares, outstanding			649,843	649,843	649,843
ConnectM Before Business Combination | Series B2 Convertible Preferred Shares
Convertible Preferred Shares, authorized			299,730	299,730
Convertible Preferred Shares, issued			299,730	299,730
Convertible Preferred Shares, outstanding			299,730	299,730	142,730

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Revenues	$ 19,972,239	$ 15,441,315
Costs and expenses:
Cost of revenues	14,934,962	11,404,224
Selling, general and administrative expenses	12,320,295	7,315,381
Loss on impairment	181,853	589,299
Loss from operations	(7,464,871)	(3,867,589)
Loss before income taxes	(9,198,854)	(4,083,989)
Income tax benefit		541,406
Net loss	(9,198,854)	(3,542,583)
Net income (loss) attributable to noncontrolling interests	(49,188)	(2,702)
Net loss attributable to shareholders'	(9,149,666)	(3,539,881)
Foreign currency translation adjustments	97,613	28,984
Comprehensive loss	(9,052,053)	(3,510,897)
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	(49,188)	(2,702)
Comprehensive loss attributable to common stockholders	$ (9,002,865)	$ (3,508,195)
Weighted average shares outstanding of Common Stock, Basic	1,588,141	1,585,237
Weighted average shares outstanding of Common Stock, Diluted	1,588,141	1,585,237
Basic net loss per share, Common Stock	$ (5.76)	$ (2.23)
Diluted net loss per share, Common Stock	$ (5.76)	$ (2.23)
Other income (expense):
Interest expense	$ (1,431,354)	$ (281,808)
Loss on extinguishment of debt	(370,320)
Other income, net	67,691	65,408
Total other income (expense)	$ (1,733,983)	$ (216,400)

CONSOLIDATED STATEMENTS OF CH_3

CONSOLIDATED STATEMENTS OF CHANGES IN MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT - USD ($)	ConnectM Before Business Combination Series Seed Convertible Preferred Shares	ConnectM Before Business Combination Series Seed-1 Convertible Preferred Shares	ConnectM Before Business Combination Series A1 Convertible Preferred Shares	ConnectM Before Business Combination Series B1 Convertible Preferred Shares	ConnectM Before Business Combination Series B2 Convertible Preferred Shares	ConnectM Before Business Combination Stockholders' Deficit	ConnectM Before Business Combination Common Stock	ConnectM Before Business Combination Additional Paid-In Capital	ConnectM Before Business Combination Accumulated Deficit	ConnectM Before Business Combination Accumulated Other Comprehensive Income	ConnectM Before Business Combination Noncontrolling interest	ConnectM Before Business Combination	Stockholders' Deficit	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Noncontrolling interest	Total
Beginning balance (in shares) at Dec. 31, 2021	644,030	91,120	743,068	649,843	142,730
Beginning balance at Dec. 31, 2021	$ 2,200,000	$ 292,625	$ 3,195,192	$ 3,983,538	$ 1,100,445
Mezzanine Equity
Series B2 preferred shares issued (in shares)				157,000
Series B2 preferred shares issued				$ 1,210,484
Ending balance (in shares) at Dec. 31, 2022	644,030	91,120	743,068	649,843	299,730
Ending balance at Dec. 31, 2022	$ 2,200,000	$ 292,625	$ 3,195,192	$ 3,983,538	$ 2,310,929							$ 11,982,284
Beginning balance (in shares) at Dec. 31, 2021							1,551,395
Beginning balance at Dec. 31, 2021						$ (9,209,365)	$ 155	$ 973,257	$ (10,170,804)	$ (11,973)	$ 25,545	(9,183,820)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation expense						11,994		11,994				11,994
Issuance of common shares in connection with CSH acquisition (in shares)							31,746
Issuance of common shares in connection with CSH acquisition						200,000	$ 3	199,997				200,000
Issuance of common shares (in shares)							5,000
Issuance of common shares						38,550	$ 1	38,549				38,550
Issuance of warrants						82,861		82,861				82,861
Other comprehensive income						28,984				28,984		28,984
Net Loss						(3,539,881)			(3,539,881)		(2,702)	(3,542,583)
Ending balance (in shares) at Dec. 31, 2022							1,588,141							5,274,774
Ending balance at Dec. 31, 2022						(12,386,858)	$ 159	1,306,658	(13,710,685)	17,011	22,843	(12,364,014)	$ (12,387,000)		$ 1,307,000	$ (13,711,000)	$ 18,000	$ 23,000	$ (12,364,000)
Balance at the beginning at Dec. 31, 2022												(12,386,858)
Increase (Decrease) in Stockholders' Equity
Net Loss																			(5,032,000)
Ending balance (in shares) at Sep. 30, 2023														5,274,774
Ending balance at Sep. 30, 2023													(17,299,000)		1,307,000	(18,715,000)	110,000	(5,000)	(17,304,000)
Beginning balance (in shares) at Dec. 31, 2022	644,030	91,120	743,068	649,843	299,730
Beginning balance at Dec. 31, 2022	$ 2,200,000	$ 292,625	$ 3,195,192	$ 3,983,538	$ 2,310,929							11,982,284
Ending balance (in shares) at Dec. 31, 2023	644,030	91,120	743,068	649,843	299,730
Ending balance at Dec. 31, 2023	$ 2,200,000	$ 292,625	$ 3,195,192	$ 3,983,538	$ 2,310,929							11,982,284							11,983,000
Beginning balance (in shares) at Dec. 31, 2022							1,588,141							5,274,774
Balance at the beginning at Dec. 31, 2022												(12,386,858)
Beginning balance at Dec. 31, 2022						(12,386,858)	$ 159	1,306,658	(13,710,685)	17,011	22,843	(12,364,014)	(12,387,000)		1,307,000	(13,711,000)	18,000	23,000	(12,364,000)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation expense						407		407				407
Other comprehensive income						97,613				97,613		97,613
Net Loss						(9,149,666)			(9,149,666)		(49,188)	(9,198,854)
Ending balance (in shares) at Dec. 31, 2023							1,588,141							5,291,381
Ending balance at Dec. 31, 2023						(21,438,503)	$ 159	1,307,065	(22,860,351)	114,624	(26,345)	(21,464,848)	(21,438,000)		1,307,000	(22,860,000)	115,000	(26,000)	(21,464,000)
Beginning balance (in shares) at Jun. 30, 2023														5,274,774
Beginning balance at Jun. 30, 2023													(14,718,000)		1,307,000	(16,108,000)	84,000	2,000	(14,716,000)
Increase (Decrease) in Stockholders' Equity
Net Loss																			(2,614,000)
Ending balance (in shares) at Sep. 30, 2023														5,274,774
Ending balance at Sep. 30, 2023													(17,299,000)		1,307,000	(18,715,000)	110,000	(5,000)	(17,304,000)
Beginning balance (in shares) at Dec. 31, 2023							1,588,141							5,291,381
Balance at the beginning at Dec. 31, 2023												(21,438,503)							(21,438,000)
Beginning balance at Dec. 31, 2023						$ (21,438,503)	$ 159	$ 1,307,065	$ (22,860,351)	$ 114,624	$ (26,345)	$ (21,464,848)	(21,438,000)		1,307,000	(22,860,000)	115,000	(26,000)	(21,464,000)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation expense													1,000		1,000				1,000
Issuance of common shares in connection with CSH acquisition																		1,287,000	1,287,000
Issuance of common shares (in shares)														16,607
Issuance of common shares													35,000		35,000				35,000
Net Loss																			(16,998,000)
Ending balance (in shares) at Sep. 30, 2024														21,124,057
Ending balance at Sep. 30, 2024													(28,340,000)	$ 2,000	11,425,000	(39,910,000)	144,000	1,311,000	(27,028,000)
Beginning balance (in shares) at Jun. 30, 2024														5,307,988
Beginning balance at Jun. 30, 2024													(26,153,000)		1,394,000	(27,672,000)	125,000	(36,000)	(26,189,000)
Increase (Decrease) in Stockholders' Equity
Issuance of common shares in connection with CSH acquisition																		1,287,000	1,287,000
Net Loss																			(12,178,000)
Ending balance (in shares) at Sep. 30, 2024														21,124,057
Ending balance at Sep. 30, 2024													$ (28,340,000)	$ 2,000	$ 11,425,000	$ (39,910,000)	$ 144,000	$ 1,311,000	$ (27,028,000)

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended		12 Months Ended		21 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (16,998,000)	$ (5,032,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	188,000	201,000
Amortization of intangible assets	319,000	377,000
Amortization of debt discount	60,000	250,000
Stock-based compensation expense	36,000
ROU amortization on finance leases	86,000	134,000
ROU amortization on operating leases	85,000	135,000
Impairment of goodwill	0
Gain on disposal of property, plant and equipment		(22,000)
Loss on extinguishment of debt	592,000
Changes in operating assets and liabilities:
Accounts receivable	(559,000)	(52,000)
Contract asset	344,000
Inventory	(42,000)	(178,000)
Prepaid expenses	(26,000)	(68,000)
Accounts payable	2,722,000	531,000
Accrued expenses	1,296,000	386,000
Operating lease liabilities	(56,000)	(133,000)
Contract liabilities	(459,000)	130,000
Net cash used in operating activities	(3,251,000)	(3,523,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(59,000)	(49,000)
Proceeds from sale of property and equipment		57,000
Issuance of convertible notes		(375,000)
Net cash provided by (used in) investing activities	451,000	(447,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of deferred offering costs	(788,000)	(731,000)
Payment on finance leases	(73,000)	(111,000)
Net cash provided by financing activities	3,501,000	3,264,000
Effect of exchange rate changes on cash and cash equivalents	21,000	102,000
Increase (decrease) in cash and cash equivalents	722,000	(604,000)
Cash, beginning of year	1,160,000	1,923,000	$ 1,923,000		$ 1,923,000
Cash, end of year	1,882,000	1,319,000	1,160,000	$ 1,923,000	1,882,000
Supplemental disclosures of cash flow information:
Cash paid for interest	486,000	275,000
Supplemental disclosures of noncash financing information:
Recognition of right-of-use asset, operating		200,000
Recognition of right-of-use asset, finance		56,000
ConnectM Before Business Combination
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss			(9,198,854)	(3,542,583)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense			259,222	132,890
Amortization of intangible assets			517,175	352,593
Amortization of debt discount			346,557	23,017
Stock-based compensation expense			407	11,994
ROU amortization on finance leases			118,851	87,184
ROU amortization on operating leases			168,995	111,062
Reduction in the carrying value of its inventories			187,098	0
Bad debt expense			71,173
Impairment of goodwill			157,103	490,736
Loss on impairment of intangible assets			24,750	98,563
Gain on disposal of property, plant and equipment			(22,008)
Loss on extinguishment of debt			370,320
Unrealized gain on fair value measurement of debt			(25,446)	(45,869)
Deferred tax benefit				(541,406)
Changes in operating assets and liabilities:
Accounts receivable			406,911	(365,975)
Contract asset			(343,646)
Inventory			191,623	(70,213)
Prepaid expenses			(205,405)	(220,229)
Accounts payable			1,006,007	1,299,815
Accrued expenses			1,080,972	85,919
Operating lease liabilities			(166,060)	(109,952)
Contract liabilities			477,563	568,823
Net cash used in operating activities			(4,576,692)	(1,633,631)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment			(41,771)	(18,298)
Proceeds from sale of property and equipment			56,648
Investment in cost method investment			(45,000)
Issuance of convertible notes			(445,000)
Cash paid for capitalized software development costs			(35,588)	(145,590)
Acquisitions, net of cash acquired				(1,127,500)
Net cash provided by (used in) investing activities			(510,711)	(1,291,388)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the issuance of debt			9,047,344	3,332,860
Payments of deferred offering costs			(984,857)	(474,162)
Payments of debt			(2,153,487)	(560,115)
Advance to Monterey Capital Acquisition Corporation			(2,491,431)
Proceeds from issuance of convertible notes			900,000
Proceeds from the issuance of preferred units				1,210,484
Payment on finance leases			(90,409)	(57,098)
Net cash provided by financing activities			4,227,160	3,451,969
Effect of exchange rate changes on cash and cash equivalents			97,280	61,771
Increase (decrease) in cash and cash equivalents			(762,964)	588,721
Cash, beginning of year	$ 1,160,368	$ 1,923,332	1,923,332	1,334,611	$ 1,923,332
Cash, end of year			1,160,368	1,923,332
Supplemental disclosures of cash flow information:
Cash paid for interest			375,304	149,286
Supplemental disclosures of noncash financing information:
ASC 842 adoption - right-of-use asset, operating				240,338
ASC 842 adoption - right-of-use asset, finance				264,395
Recognition of right-of-use asset, operating			199,848	123,505
Recognition of right-of-use asset, finance			55,057	138,814
Contingent consideration				57,694
Seller notes issued in connection with business acquisitions				3,169,000
Issuance of common stock for a business acquisition				238,549
Issuance of equity warrants				82,861
Vehicles acquired through issuance of debt			317,020	$ 210,792
Deferred offering costs included in accounts payable			$ 774,485

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
ORGANIZATION AND OPERATIONS	NOTE 1: ORGANIZATION AND OPERATIONS ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) was originally incorporated on July 19, 2016, under the Commonwealth of Massachusetts. On March 22, 2019, the Company re-domesticated under the laws of the state of Delaware. The Company is a clean technology company focused on reversing the adverse effects of climate change by owning, developing, and operating the world’s largest network of electro-mechanical assets. The Company uses its proprietary full-stack technology platform and network of electro-mechanical assets: intelligent Heating, Ventilation and Air Conditioning (“HVAC”) appliances, Electric Vehicle (“EV”) chargers, and solar products and roofs to provide intelligence, enhanced visibility, and real-time monitoring and management of equipment performance for both service providers and end customers. The Company is headquartered in Marlborough, Massachusetts and has grown significantly through its acquisition-focused strategy. The Company’s consolidated financial statements include the accounts of ConnectM, its fully owned subsidiaries and entities in which the Company owns a controlling financial interest as follows: Wholly owned subsidiaries Designed Temperatures, Inc. (“DT”) — DT was acquired on March 24, 2020 from a related party. DT offers 24-hour servicing for customer’s heating with propane, oil, natural gas, air conditioning, and commercial refrigeration needs in the New Bedford, Massachusetts area. This business was wound down by the Company throughout 2023. Babione’s Air Conditioning & Heating, Inc. (“BAC”) — BAC was acquired on October 30, 2020. BAC provides professional HVAC services specifically in the Levy County, Florida area. It provides emergency or routine repairs and services to a homeowner’s heating and air conditioning. AC Medics, LLC (“AC Medics”) — AC Medics was acquired on November 2, 2021. AC Medics provides air conditioning installation and repair services. Cazeault Solar & Home, LLC (“CSH”) — CSH was acquired on January 1, 2022. CSH services the north shore of Massachusetts and the surrounding areas with quality solar and roofing services. The Company provides solar-related roof installations, inspections, and repairs to solar energy system integration and maintenance programs. Bourque Heating & Cooling Company, Inc. (“BHC”) — BHC was acquired on February 14, 2022. BHC provides HVAC repair, installation, and maintenance services to Cape Cod and southeastern Massachusetts. Airflow Service Company, Inc. (“AFS”) — AFS was acquired on May 1, 2022. AFS provides reliable repairs, maintenance, appliance upgrades, and heating and cooling improvements for its customers. It serves the Manassas, Virginia area. Blue Sky Electric, Inc. (“BSE”) — BSE was acquired on August 1, 2022. BSE provides electrical contracting and other products and related services for its customers. It serves the Boston, Massachusetts area. Florida Solar Products, Inc (“FSP”) — FSP was acquired on December 28, 2022. FSP specializes in residential and commercial pool heating, domestic and commercial hot water systems, photovoltaic power systems, battery back-up power systems and solar powered attic ventilation systems. The Company further operates through its other wholly owned subsidiaries, ConnectM Technology Solutions (“CMT”) and ConnectM Technology Solutions Pvt LTD (“CMI”). These businesses provide original equipment manufacturers and third-party service providers products to build a differentiated infrastructure focused on the ongoing management of decarbonization, electrification, and energy efficient solutions. The products of CMT and CMI are focused on monitoring of energy utilization, energy resources, and overall reduction in energy costs with a focus on a reduction of a customer’s carbon footprint. CMT and CMI have foreign operations in India as well. Subsidiaries in which the Company owns a controlling financial interest: Absolutely Cool Air-Conditioning (“ACA”)- ACA was acquired on April 1, 2021 when the Company purchased a 90% controlling interest in ACA. ACA provides innovative and efficient HVAC services in Treasure Coast, Florida. ACA has licensed and certified technicians to provide superior heating and cooling repair services. Going Concern The Company’s consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company incurred net losses of $9,198,854 and $3,542,583 for the years ended December 31, 2023 and 2022, respectively, and had an accumulated deficit of $22,860,351 as of December 31, 2023. The Company’s net cash used in operating activities was $4,576,692 for the year ended December 31, 2023 and the working capital deficit totaled $13,761,903 as of December 31, 2023. The Company’s ability to fund its operations is dependent upon management’s plans, which include raising capital through issuances of debt and equity securities and extending existing debt agreements. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. A failure to raise sufficient financing and/or extend existing debt agreements, among other factors, will adversely impact the Company’s ability to meet its financial obligations as they become due and payable and to achieve its intended business objectives. See Note 19-Merger Agreement. Accordingly, based on the considerations discussed above, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within one year after the date the consolidated financial statements are issued. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain prior period amounts have been reclassified to conform to the current year presentation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Management believes that its most significant estimates and assumptions have been based on reasonable and supportable assumptions and the resulting estimates are reasonable for use in the preparation of the consolidated financial statements. The Company’s significant estimates include purchase price allocations for business combinations, the valuation of equity based financial instruments, analysis of the recoverability of goodwill and long-lived assets, and the fair value of convertible debt. If the underlying estimates and assumptions upon which the consolidated financial statements are based change in the future, actual amounts may differ from those included in the accompanying consolidated financial statements. Comprehensive Loss Comprehensive loss consists of two components, net loss and other comprehensive income, net of tax. The Company’s other comprehensive loss consists of foreign currency translation adjustments that result from consolidation of its foreign subsidiary. Net Loss Per Share The Company computes earnings per share using the two-class method. The two-class method of computing Net Loss Per Share (“EPS”) is an earnings allocation formula that determines EPS for common stock and any participating securities according to dividends declared and participation rights in undistributed earnings. The Company has six classes of participating securities outstanding, common stock, Series Seed Convertible Preferred Shares, Series Seed-1 Convertible Preferred Shares, Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, and Series B-2 Convertible Preferred Shares. The different series of the Company’s Convertible Preferred Stock has the same rights as the Company’s common stock, other than being convertible into shares of common stock on a 1-for-1 ratio and preferences as further discussed in Note 16: Convertible Preferred Shares. Under the two-class method, the Company’s issued and outstanding Convertible Preferred Stock is considered a separate class of stock for EPS purposes. During periods of loss, there is no allocation required under the two-class method due to there being no distributed earnings for the period coupled with the fact that the Company’s Convertible Preferred Stock do not contain a contractual right to absorb losses. Thus, all undistributed losses should be allocated entirely to the Company’s outstanding common stock. EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the years ended December 31, 2023 and 2022, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 142,692 ConnectM Warrants 23,332 ​ 166,024 ​ Cash Cash is held by financial institutions and are federally insured up to certain limits. At times, the Company’s cash balance exceeds the federally insured limits. The total uninsured cash and cash equivalents balance as of December 31, 2023 and 2022 was $113,897 and $1,133,028, respectively. Accounts Receivable and Allowance for Credit Losses Accounts receivable are carried at original invoice amount, less any estimate made for doubtful accounts or credit losses. The allowance for credit losses is the Company’s best estimate of the amount of expected credit losses in the Company’s existing receivables over the contractual term. We evaluate our exposure to credit loss on both a collective and individual basis. We evaluate such receivables on an individual customer basis and take into account any relevant available information, which begins with historical credit loss experience and consideration of current and expected conditions and market trends (such as general economic conditions, other microeconomic and macroeconomic considerations, etc.) and reasonable and supportable forecasts that could impact the collectability of such receivables over the contractual term individually or in the aggregate. Changes in circumstances relating to these factors may result in the need to increase or decrease our allowance for credit losses in the future. The allowance for credit losses was $0 as of December 31, 2023 and December 31, 2022. Revenue Recognition The Company follows the guidance of Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers ● Identification of the contract with a customer ● Identification of the performance obligations in the contract ● Determination of the transaction price ● Allocation of the transaction price to the performance obligations in the contract ● Recognition of revenue when, or as, the Company satisfies a performance obligation HVAC System Services The Company generates revenue from HVAC equipment sales, as noted above, as well as through installation of the HVAC equipment and agreements that provide for various service associated with HVAC equipment the Company has sold to its customers (i.e., maintenance visits, remote technical support, etc.). The services involve a combination of labor and underlying parts cost; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue is recognized at a point in time when the customer accepts the promised goods and/or services. The Company’s revenue is generated from customers located throughout the U.S. and India. Solar System Services — Residential The Company generates revenue from solar panel services that include services such as solar panel repairs and solar panel installations. The services involve a combination of labor and underlying parts cost; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue for the Company’s Solar System Services is recognized when control transfers, which is when we install a solar system and the system passes inspection by the local authority having jurisdiction. Solar System Services — Commercial For large commercial and utility grade energy storage system installation which consist of the engineering, design and installation of the system, customers make milestone payments that are consistent with contract-specific phases of a project. Revenue from such contracts is recognized over time using the percentage of completion method based on cost incurred as a percentage of total estimated contract costs for commercial solar system services. Roofing Services The Company generates revenue through roofing services that include services including, but not limited to, roof repairs, skylight installations, or complete roof replacements. The services involve a combination of labor and inventory required to perform such services; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue is recognized as the services are performed which is normally a day or less. As such, recognition over time approximates a point in time. Variable Consideration Revenue is generally recognized at transaction price. However, certain arrangements may contain clauses that can either increase or decrease the transaction price. Variable consideration is estimated at each measurement date at its most likely amount to the extent that it is probable that a significant reversal of cumulative revenue recognized will not occur and true-ups are applied prospectively as such estimates change. In reviewing agreements, the Company may offer discounts to its customers. These discounts are typically offered in a fixed percentage and are explicitly included within the Company’s contracts with its customers. These discounts are offered only as they relate to the performance obligations being satisfied in the agreement with the customer. Such discounts are known by the Company at the time of the fulfillment of the respective performance obligations and included as an adjustment to the transaction price. Recognition of Revenue and Deferred Revenue Considerations Invoice terms vary by each of the Company’s subsidiaries, but payment is typically due in thirty days or less from the invoice date. The Company is typically not contractually obligated to accept returns, except for instances of defective products, as covered by a standard assurance-type warranty. Revenues are recognized net of estimated returns, as variable consideration consists only of refunds associated with returns, which have historically been immaterial. Shipping and other transportation costs charged to customers are included in “Revenues” in the consolidated statements of operations and comprehensive loss. Shipping and handling costs are included in “Cost of revenues” in the consolidated statements of operations and comprehensive loss. Various taxes on the sale of products and services to customers are collected by the Company as an agent and remitted to the respective taxing authority. These taxes are excluded from revenue and recognized as a liability until remitted to the respective taxing authority. Contract liabilities represent payments received in advance of revenue recognition for service agreements entered into with customers. Revenue is recognized associated with such contract liabilities when the revenue recognition criteria are met in accordance with ASC 606. Both customer deposits and deferred revenue are considered contract liabilities and are presented on the consolidated balance sheets, separate from other liabilities, in “Contract liabilities.” Limited Warranty The Company does not provide for a right of return on its goods or services. However, there is a limited warranty providing a 1-year warranty on any labor provided. Warranties are not considered separate performance obligations and costs are accrued as incurred. Based on historical experience, management has determined warranties are not material as of December 31, 2023 and 2022. Practical Expedient The Company incurs costs to obtain contracts in the form of commissions paid to its sales personnel. The Company evaluates if the commission requires capitalization based on the earning of the commission, if the costs are embedded into the product margin, and the duration of the contract. If so determined, the Company would record an asset on the books and amortize it over the life of the contract or estimated customer life. As all projects are completed within a year, management has elected the practical expedient to expense commissions as they are incurred. Additionally, the Company incurs costs to obtain contracts in the form of commissions paid to a third party service and a third party financing Company made available to our customers. As our contract costs related to solar installations are typically fulfilled within one year, the costs to obtain a contract are expensed as incurred and are shown as Selling, general, and administrative expenses in the Consolidated Statements of Operations. The commission and financing fee expenses for the year ended December 31, 2023 and 2022 were $264,270 and $0, respectively. Costs to Fulfill a Contract Certain costs to fulfill are capitalized for contracts where the transfer of goods and services will occur in the future. Typically, these capitalized costs are incurred during a setup period prior to transferring control of the good or service over time. These costs include dedicated employees and other third-party costs. Capitalized costs are assessed for recoverability at each reporting period. These costs are included in cost of revenues and are recognized in the same manner as the corresponding performance obligation. Costs to fulfill are capitalized within “Contract assets” in the consolidated balance sheet. Any costs to fulfill where the period of benefit is less than one year are expensed as incurred. Managed Services Beginning in 2023, the Company entered two managed services contracts with external third parties. Under these contracts with its customers, the Company is responsible for running the day-to-day operations of these third parties, including human resources and people management, procurement, marketing, lead generation, and centralizing vendor management. The Company accounts for revenues recognized for these managed service contracts in accordance with ASC 606, Revenue from Contracts with Customers, Foreign Currency The functional currency of ConnectM and its consolidated subsidiaries is the United States Dollar, and the functional currency of CMI is the Indian Rupee. All assets and liabilities of CMI are translated at the current exchange rate as of the end of the period and the related translation adjustments are recorded as a separate component of accumulated other comprehensive loss. Revenue and expenses are translated at average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from, or expected to result from, transactions denominated in a currency other than the United States Dollar are recognized in “Foreign currency translation adjustment” on the consolidated statements of comprehensive loss and amounted to $97,613 and $28,984 of gains for the years ended December 31, 2023 and 2022, respectively. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. The estimated useful lives of the assets range from 7 to 40 years. Depreciable assets retired or sold are removed from the accounts and any resulting gain or loss is reflected in income for the period. Major replacements or betterments are capitalized while maintenance and repairs are expensed as incurred. Depreciation is provided at rates based on the estimated useful lives of the assets using the straight-line method as follows: ​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Furniture and fixtures ​ 7 Machinery and equipment ​ 7 Vehicles 10 Property improvements 15 Buildings 40 ​ Intangible Assets Intangible assets include intellectual property and internally developed software and acquired tradenames, customer relationships and non-competition agreements that are amortized over their estimated useful lives using the pattern in which the economic benefits of the asset are consumed or otherwise used. As it relates to customer relationships, that pattern is generally based upon the forecasted undiscounted cash flows established at the time of acquisition. For all other intangible assets, that pattern is generally on a straight line basis. These assets are amortized over the following estimated useful lives: ​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Customer Relationships ​ 15 Trade Names ​ 3 – 10 Noncompetition Agreements 5 Intellectual Property 3 – 15 Internally Developed Software 3 ​ Software Capitalization The Company capitalizes certain costs associated with the development of its internal-use software after the preliminary project stage is complete and until the completion of the design, coding, installation, and testing of the software has been completed. Upgrades and enhancements are capitalized if they will result in added functionality. Capitalized costs are amortized over an expected three-year period. At the time the Company determines the software to be ready for its intended use, the post-implementation phase will begin and amortization will start. Costs incurred in the preliminary stages of development, after the software is ready for its intended use and for maintenance of internal-use software are expensed as incurred. During the years ended December 31, 2023 and 2022, the Company capitalized $35,588 and $145,590 of software development costs, respectively. Capitalized software costs could become impaired in the future because of declines in profitability due to changes in volume, market pricing, cost, manner in which an asset is used, laws and regulations, or the business environment. As of December 31, 2023 and 2022, the Company has determined that there was no impairment related to its internal-use software. Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles — Goodwill and Other During the years ended December 31, 2023 and December 31, 2022, the Company recognized goodwill impairments of $157,103 and $490,736, respectively (see Note 9: Goodwill). Investment Recorded at Cost The Company accounts for its investment in cost securities in accordance with Accounting Standards Codification (“ASC”) 321, Investments —  Cost Securities As of December 31, 2023, the Company had approximately $45,000 of an investment carried at cost, which is included in Investment, cost in the accompanying consolidated Balance Sheet. The Company makes a qualitative assessment of whether the investment in cost securities are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value, and if the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net income equal to the difference between the carrying value and fair value. Through December 31, 2023, the Company has determined that no indicators of impairment were triggered through its qualitative analysis, which utilizes external factors such as the health of the United States Stock Market, as well as information provided to the Company by the Company’s cost method investee. As such, no impairment losses were recognized for the year ended December 31, 2023. Deferred Offering Costs The Company follows the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A —  Expenses of Offering Due from Monterey Capital Acquisition Corporation (“MCAC”) The Company has recorded a note receivable relating to different advances made to MCAC throughout 2023. The Company accounts for this note receivable in accordance with ASC 310- Receivables Impairment of Long-Lived Assets Long-lived assets and finite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of the long-lived asset is measured by a comparison of the carrying amount of the asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. During the years ended December 31, 2023 and 2022, the Company recognized $24,750 and $98,563 of impairment of its intangible assets, respectively (see Note 8: Intangible Assets). Fair Value Option (“FVO”) Election The Company accounts for certain convertible debt obligations outstanding under the fair value option election of ASC Topic 825 — Financial Instruments The Company’s convertible debt (see Note 12: Debt), which is accounted for under the FVO election, are debt host financial instruments containing embedded features, some of which would otherwise be required to be bifurcated from the debt-host and recognized as separate derivative liabilities subject to initial and subsequent periodic estimated fair value measurements under ASC Topic 815, Derivatives and Hedging The estimated fair value adjustment, as required by ASC 825, is recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized as other income (expense) in the accompanying consolidated statements of operations. With respect to the convertible debt, the estimated fair value adjustment is presented as a $25,446 and $45,869 gain and in the change in fair value of debt within “Other income (expense)” in the accompanying consolidated statements of operations, since the change in fair value of the convertible debt payable was not attributable to instrument specific credit risk during the years ended December 31, 2023 and 2022. Interest expense is expensed as incurred and is included within interest expense in the accompanying consolidated statements of operations. Cost of Revenues Cost of services includes employee’s payroll and benefit costs who service customers directly through its home-installation channel and further any inventory utilized in the satisfaction of the performance obligation. It also includes any shipping and handling services for the Company’s inventory. Selling, General and Administrative Expenses Selling, general and administrative expenses include corporate administrative payroll and benefit costs, facility and leasehold improvement depreciation and utility costs, repair and maintenance, advertising, insurance, equipment depreciation and professional fees. Advertising Expenses Advertising expenses are expensed as they are incurred. These amounted to $691,653 and $355,349 for the years ended December 31, 2023 and 2022, respectively, and are included within selling, general and administrative expenses in the Statements of Operations. Income Taxes Income taxes are accounted for under the asset and liability method, as required by ASC Topic 740, Income Taxes tax consequences attributed to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as for tax loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The future realization of deferred tax assets depends on the existence of sufficient taxable income. If, based upon all available evidence, both positive and negative, it is more likely than not (more than 50 percent likely) such deferred tax assets will not be realized, a valuation allowance is recorded. The Company applies a recognition threshold and measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company includes only those income tax positions that have a greater than 50 percent likelihood of being sustained upon examination by the taxing authorities. The Company has not identified any uncertain income tax positions as of December 31, 2023 and 2022. The Company recognizes interest and penalties in income tax expense. The Company operates within multiple taxing jurisdictions and in the normal course of business its tax returns are examined in various jurisdictions. The reversal of the accruals for uncertain tax positions is recorded when examinations are effectively settled, statutes of limitation are closed, or tax laws are changed. We are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2019. Stock-Based Compensation The Company accounts for share-based payments in accordance with ASC Topic 718, Compensation-Stock Compensation Expected Volatility Expected Term Risk-Free Interest Rate Dividend Yield Stock Price Warrants Warrants are accounted for in accordance with applicable accounting guidance provided in ASC 815, Derivatives and Hedging — Contracts in Entity’s Own Equity Noncontrolling Interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810-10-45, Consolidation - Other Presentation Matters consolidated balance sheets and the consolidated net loss attributable to the noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss. Noncontrolling interest represents the portion of net book value in ACA that is not owned by the Company and is reported as a component in stockholders’ deficit on the Company’s consolidated balance sheets. Net income (loss) is allocated to the noncontrolling interest based on the Company’s noncontrolling ownership percentage held in ACA. Recently Adopted Accounting Guidance In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (Topic 842) Targeted Improvements The Company recognizes operating lease ROU assets and operating lease liabilities in the consolidated statements of financial condition. ROU assets represent the Company’s right to use an underlying asset during the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company’s lease term includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option. ROU assets also include any advance lease payments made and are net of any lease incentives. As most of the Company’s operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. This rate was determined to be 8% during 2023 and 2022. The incremental borrowing rate is the rate of interest that the Company would expect to pay to borrow over a similar term, and on a collateralized basis, an amount equal to the lease payments in a similar economic environment. The Company utilized the following practical expedients: ● Package of practical expedients which eliminates the need to reassess (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; and (3) the initial direct costs for any existing leases. ● The practical expedient whereby the lease and non-lease components will not be separated for all classes of assets. ● Not to recognize ROU assets and corresponding lease liabilities with a lease term of 12 months or less from the lease commencement date. For existing leases, the Company did not elect the use of hindsight and did not reassess lease term upon adoption. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments Credit Losses: Measurement of Credit Losses on Financial Instruments Derivatives and Hedging Financial Instruments In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Recently Released Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting — Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topics 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating this ASU and does not expect the adoption of this standard to have a material impact on its consolidated financial statements and related disclosures. The Company does not believe that any other recently issued accounting pronouncements not yet adopted will have a material effect on its consolidated financial statements.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
REPORTABLE SEGMENTS	NOTE 2 — REPORTABLE SEGMENTS As of September 30, 2024 and 2023, the Company reports operations in four reportable segments—Electrification, Decarbonization, OEM/EV and Managed Services representing our different products and services. These are our reportable segments under ASC 280, Segment Reporting Our Electrification business segment generally focuses on the HVAC needs of the Company’s customers. This includes the servicing, repairing, installation, or updating of a homeowner’s heating and air conditioning. Our OEM/EV business segment generally focuses on the utilization of developed products for the monitoring of energy utilization and energy resources. Our Decarbonization business segment, which was created in 2022 with the acquisitions of CSH and SES, generally focuses on providing solar-related roof installations, inspections, and repairs to solar energy system integration and maintenance programs. This segment also sells solar panels to its customers. This results in its customer’s overall reduction in energy costs with a focus on a reduction of a customer’s carbon footprint. Lastly, our Managed Services business segment was created with the entering into the Company’s Managed Service Arrangements, focuses on managing the day-to-day operations for third party businesses that compete in the solar and HVAC industry. In evaluating financial performance, we focus on operating (loss) income from operations as a segment’s measure of profit or loss. Segment operating (loss) income from operations is (loss) income before interest expense, other expense, other income, unallocated corporate costs, and income taxes. Certain corporate assets consisting of cash, prepaid expenses and property, plant and equipment are not allocated to the segments. The accounting policies of our business segments are the same as those described above in the summary of significant accounting policies. The following tables present Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures for the three months ended (or at) September 30, 2024 and 2023, respectively, by reportable segment. Certain unallocated corporate amounts consisted primarily of general and administrative expenses, other income (expense), and unallocated assets and capital expenditures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification Decarbonization OEM/EV Services Total Revenues ​ $ 1,403 ​ $ 1,263 ​ $ 1,924 ​ $ 1,484 ​ $ 6,074 Cost of revenue ​ 873 ​ 902 ​ 1,562 ​ 863 ​ 4,200 SG&A ​ 544 ​ 260 ​ 464 ​ 560 ​ 1,828 Segment (loss) income from operations ​ (14) ​ 101 ​ (102) ​ 61 ​ 46 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 3,072 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (3,026) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV Services ​ Total Revenues ​ $ 2,328 ​ $ 1,751 ​ $ 143 ​ $ 162 ​ $ 4,384 Cost of revenue ​ 1,805 ​ 1,473 ​ 260 ​ 178 ​ 3,716 SG&A ​ 1,000 ​ 686 ​ 104 ​ 68 ​ 1,858 Segment (loss) income from operations ​ (477) ​ (408) ​ (221) ​ (84) ​ (1,190) Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 985 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (2,175) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ The following tables present Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures for the nine months ended (or at) September 30, 2024 and 2023, respectively, by reportable segment. Certain unallocated corporate amounts consisted primarily of general and administrative expenses, other income (expense), and unallocated assets and capital expenditures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 4,450 ​ $ 5,001 ​ $ 2,658 ​ $ 5,190 ​ $ 17,299 Cost of revenue ​ 2,719 ​ 3,365 ​ 2,055 ​ 2,871 ​ 11,010 SG&A ​ 1,846 ​ 1,583 ​ 931 ​ 2,148 ​ 6,508 Loss on impairment ​ 406 ​ — ​ — ​ — ​ 406 Segment (loss) income from operations ​ (521) ​ 53 ​ (328) ​ 171 ​ (625) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 5,265 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (5,890) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ $ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ $ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 59 ​ $ — ​ $ — ​ $ — ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 6,642 ​ $ 8,035 ​ $ 645 ​ $ 162 ​ $ 15,484 Cost of revenue ​ 4,817 ​ 5,251 ​ 774 ​ 178 ​ 11,020 SG&A ​ 3,032 ​ 2,748 ​ 496 ​ 68 ​ 6,344 Segment (loss) income from operations ​ (1,207) ​ 36 ​ (625) ​ (84) ​ (1,880) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 2,436 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (4,316) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49 ​ The following table presents a reconciliation of business segment operating loss to net loss from continuing operations before income taxes for each period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2024 ​ 2023 ​ 2024 2023 Reported segment operating (loss) income ​ $ 46 ​ $ (1,190) ​ $ (625) ​ $ (1,880) Unallocated corporate costs ​ (3,072) ​ ​ (985) ​ ​ (5,265) ​ (2,436) Interest expense ​ (667) ​ ​ (472) ​ ​ (1,820) ​ (902) Loss on extinguishment of debt ​ — ​ ​ — ​ ​ (592) ​ — Change in fair value of convertible notes ​ (1,623) ​ ​ 182 ​ ​ (1,623) ​ 182 Change in fair value of forward purchase agreement ​ ​ (8,575) ​ ​ — ​ ​ (8,575) ​ ​ — Gain on forward purchase agreement ​ ​ 1,443 ​ ​ — ​ ​ 1,443 ​ ​ — Other income (expense), net ​ 270 ​ ​ (149) ​ ​ 59 ​ 4 Net loss ​ $ (12,178) ​ $ (2,614) ​ $ (16,998) ​ $ (5,032) ​
ConnectM Before Business Combination
REPORTABLE SEGMENTS		NOTE 3: REPORTABLE SEGMENTS In 2023, the Company reports operations in four reportable segments — Electrification, Decarbonization, OEM/EV and Managed Services representing our different products and services. These are our reportable segments under ASC 280, Segment Reporting Our Electrification business segment generally focuses on the HVAC needs of the Company’s customers. This includes the servicing, repairing, installation, or updating of a homeowner’s heating and air conditioning. Our OEM/EV business segment generally focuses on the utilization of developed products for the monitoring of energy utilization and energy resources. Our Decarbonization business segment, which was created in 2022 with the acquisitions of CSH and SES, generally focuses on providing solar-related roof installations, inspections, and repairs to solar energy system integration and maintenance programs. This segment also sells solar panels to its customers. This results in its customer’s overall reduction in energy costs with a focus on a reduction of a customer’s carbon footprint. Lastly, our Managed Services business segment, which was created in 2023 with the entering into the Company’s Managed Service Arrangements, focuses on managing the day-to-day operations for third party businesses that compete in the solar and HVAC industry. In evaluating financial performance, we focus on operating (loss) income from operations as a segment’s measure of profit or loss. Segment operating (loss) income from operations is (loss) income before interest expense, other expense, other income, unallocated corporate costs, and income taxes. Certain corporate assets consisting of cash, prepaid expenses and property, plant and equipment are not allocated to the segments. The accounting policies of our business segments are the same as those described above in the summary of significant accounting policies. The following tables present Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures for the years ended (or at) December 31, 2023 and 2022, respectively, by reportable segment. Certain unallocated corporate amounts consisted primarily of general and administrative expenses, other income (expense), and unallocated assets and capital expenditures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2023 ​ ​ Electrification ​ Decarbonization ​ OEM/EV ​ Managed Services ​ Total Revenues $ 8,399,427 $ 10,009,499 $ 945,406 $ 617,907 $ 19,972,239 Cost of revenue ​ 6,169,957 ​ 6,983,833 ​ 1,371,150 ​ 410,022 ​ 14,934,962 SG&A ​ 3,697,119 ​ 3,808,545 ​ 697,688 ​ 283,958 ​ 8,487,310 Loss on impairment ​ 157,103 ​ 24,750 ​ — ​ — ​ 181,853 Segment (loss) income from operations ​ (1,624,752) ​ (807,629) ​ (1,123,432) ​ (76,073) ​ (3,631,886) Unallocated corporate costs ​ 3,832,985 ​ ​ ​ ​ Consolidated loss from operations ​ (7,464,871) ​ ​ ​ ​ Total Assets as of December 31, 2023 ​ 3,034,752 ​ 3,576,655 ​ 836,954 ​ 215,315 ​ 7,663,676 Unallocated corporate assets ​ 5,492,797 ​ ​ ​ ​ ​ ​ 13,156,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ 41,771 ​ — ​ — ​ — ​ 41,771 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ ​ Electrification ​ Decarbonization ​ OEM/EV ​ Total Revenues ​ $ 8,300,061 ​ $ 6,211,517 ​ $ 929,737 ​ $ 15,441,315 Cost of revenue ​ 5,783,274 ​ 4,705,090 ​ 915,860 ​ 11,404,224 Selling, general and administrative ​ 2,936,017 ​ 1,649,804 ​ 801,170 ​ 5,386,991 Loss on impairment ​ 589,299 ​ — ​ — ​ 589,299 Segment loss from operations ​ (1,008,529) ​ (143,377) ​ (787,293) ​ (1,939,199) Unallocated corporate costs ​ ​ ​ ​ ​ 1,928,390 Consolidated loss from operations ​ ​ ​ ​ ​ (3,867,589) Assets as of December 31, 2022 ​ 3,972,307 ​ 4,322,764 ​ 2,134,948 ​ 10,430,019 Unallocated Assets as of December 31, 2022 ​ ​ ​ ​ ​ 627,786 Total assets as of December 31, 2022 ​ ​ ​ ​ ​ 11,057,805 Segment capital expenditures ​ 18,298 ​ — ​ 145,590 ​ 163,888 Unallocated capital expenditures ​ ​ ​ ​ ​ — Total capital expenditures as of December 31, 2022 ​ ​ ​ ​ ​ 163,888 ​ The following table presents a reconciliation of business segment operating loss to net loss from continuing operations before income taxes for each period: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2023 2022 Reported segment loss from operations ​ $ (3,631,886) ​ $ (1,939,199) Unallocated corporate costs ​ (3,832,985) ​ (1,928,390) Interest expense ​ (1,431,354) ​ (281,808) Loss on extinguishment of debt ​ (370,320) ​ — Other income ​ 67,691 ​ 65,408 Loss before income taxes ​ $ (9,198,854) ​ $ (4,083,989) Income tax benefit ​ — ​ 541,406 Net loss ​ $ (9,198,854) ​ $ (3,542,583) ​ ​

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
REVENUE RECOGNITION	NOTE 3 — REVENUE RECOGNITION The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2024 2023 2024 2023 United States ​ $ 5,646 ​ $ 4,248 ​ $ 16,162 ​ $ 14,862 India ​ 428 ​ 136 ​ 1,137 ​ 622 Total ​ $ 6,074 ​ $ 4,384 ​ $ 17,299 ​ $ 15,484 ​ The following table summarizes the contract liability activity for the three months ended September 30, 2024 and 2023 (in thousands): ​ ​ ​ ​ ​ Balance as of December 31, 2022 $ 643 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ ​ (643) Deferred of revenue billed in the current period, net of recognition of revenue ​ 197 ​ ​ ​ ​ Balance as of September 30, 2023 $ 197 ​ ​ ​ ​ Balance as of December 31, 2023 $ 1,121 Recognition of revenue recorded as a contract liability as of December 31, 2023 ​ (1,121) Deferred of revenue billed in the current period, net of recognition of revenue ​ 662 ​ ​ ​ ​ Balance as of September 30, 2024 ​ $ 662 ​ As a practical expedient, the Company has elected not to disclose the aggregate amount of the transaction price allocated to unsatisfied performance obligations, as our contracts have an original expected duration of less than one year. Contract Assets Contract assets consist of work in process for unrecognized revenue. The following table summarizes the contract asset activity for the nine months ended September 30, 2024 (in thousands): ​ ​ ​ ​ ​ Balance as of December 31, 2023 $ 344 Recognition of costs to fulfill during the nine months ended September 30, 2024 ​ (344) Balance as of September 30, 2024 ​ $ — ​
ConnectM Before Business Combination
REVENUE RECOGNITION		NOTE 4: REVENUE RECOGNITION The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2023 2022 United States ​ $ 19,024,606 ​ $ 14,657,176 India ​ 947,633 ​ 784,139 Total ​ $ 19,972,239 ​ $ 15,441,315 ​ Contract Liabilities Contract liabilities consist of deferred revenue and customer deposits which arise when amounts are billed to or collected from customers in advance of revenue recognition. The following table summarizes the contract liability activity for the years ended December 31, 2023 and 2022: ​ ​ ​ ​ ​ Balance as of December 31, 2021 $ 74,431 Recognition of revenue recorded as a contract liability as of December 31, 2021 ​ ​ (74,431) Deferral of revenue billed in the current period ​ 643,254 Balance as of December 31, 2022 ​ $ 643,254 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ (643,254) Deferral of revenue billed in the current period, net of recognition of revenue ​ 1,120,817 Balance as of December 31, 2023 ​ $ 1,120,817 ​ As a practical expedient, the Company has elected not to disclose the aggregate amount of the transaction price allocated to unsatisfied performance obligations, as our contracts have an original expected duration of less than one year. Contract Assets Contract assets consist of work in process for unrecognized revenue. The following table summarizes the contract asset activity for the year ended December 31, 2023 as the Company recorded no contract assets as of December 31, 2022 nor December 31, 2021: ​ ​ ​ ​ ​ Balance as of December 31, 2022 $ — Recognition of costs to fulfill during the year ended December 31, 2023, net of amortization ​ ​ 343,646 Balance as of December 31, 2023 ​ $ 343,646 ​

INVENTORIES

INVENTORIES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
INVENTORIES	NOTE 4 — INVENTORIES Inventories are stated at the lower of cost (average cost method) or net realizable value. The Company reduces the carrying value of inventories for those items that are potentially in excess, obsolete or slow-moving based on changes in customer demand, technology developments or other economic factors. The Company did not recognize any reduction in the carrying value of its inventories during the nine months ended September 30, 2024 or 2023. Inventories consist of parts for the satisfaction of the Company’s performance obligations. These parts primarily consist of manufacturing hardware, wiring, and piping. The Company’s inventory balances consisted of the following at September 30, 2024 and December 31 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Parts ​ $ 181 ​ $ 251 Finished Goods ​ 139 ​ 26 Total ​ $ 320 ​ $ 277 ​
ConnectM Before Business Combination
INVENTORIES		NOTE 5: INVENTORIES Inventories are stated at the lower of cost (average cost method) or net realizable value. The Company reduces the carrying value of inventories for those items that are potentially excess, obsolete or slow-moving based on changes in customer demand, technology developments or other economic factors. The Company recognized a reduction of $187,098 and $0 in the carrying value of its inventories during the years ended December 31, 2023 or 2022. Inventories consist of parts for the satisfaction of the Company’s performance obligations. These parts primarily consist of manufacturing hardware, wiring, and piping. The Company’s inventory balances consisted of the following at December 31 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 ​ 2022 Parts ​ $ 250,700 ​ $ 629,454 Finished Goods ​ 26,643 ​ 26,760 Total ​ $ 277,343 ​ $ 656,214 ​ ​

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
BUSINESS COMBINATIONS	NOTE 14 — BUSINESS COMBINATIONS Merger with Monterrey Capital Acquisition Corporation As discussed in NOTE 1, on July 12, 2024, the Company completed the Merger. Upon closing of the business combination, the Company’s Series Seed Convertible Preferred Shares, Series Seed-1 Convertible Preferred Shares, Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, and Series B-2 Convertible Preferred Shares converted to class A common shares of CNTM. Furthermore, the Company’s 2022 Convertible Notes converted to class A common shares of CNTM. As a result of the Merger, among other things, each share of ConnectM common stock, par value $0.0001 per share, and ConnectM preferred stock, par value $0.0001 per share (but excluding shares the holders of which perfect rights of appraisal under Delaware law), converted into the right to receive such number of shares of common stock, par value $0.0001 per share, of MCAC common stock as calculated based on the Exchange Ratio as set forth in the Merger Agreement. “Exchange Ratio” is defined in the Merger Agreement to be the quotient of (a) the merger consideration, divided by (b) the number of shares of ConnectM capital stock outstanding as of immediately prior to the Effective Time, including any shares underlying outstanding warrants to purchase ConnectM Common Stock and excluding any shares of ConnectM capital stock held in treasury by ConnectM. The Merger Consideration is 14,500,000 shares of MCAC Common Stock, subject to an upward adjustment depending on the extent to which MCAC’s transaction expenses (as defined in the Agreement and Plan of Merger) exceed $8 million. The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, MCAC was treated as the acquired company for financial reporting purposes. Accordingly, for accounting purposes, the Merger was treated as the equivalent of the Company issuing shares for the net assets of MCAC, accompanied by a recapitalization. The net assets of MCAC were stated at historical cost with no goodwill or other intangible assets recorded. As a result of the Business Combination, there was a negative equity recapitalization into additional paid in capital of $3.2 million. In addition, there were offering costs incurred of $2.5 million, which were also treated as a reduction of additional paid in capital. As part of the Business Combination, the Company acquired the Funds in the Trust of $79.6 million. Of these monies, the Company only received $0.2 million as the Company had to pay redeeming shareholders $41.7 million, professional fees of $0.2 million, and was required to pay $37.6 million in accordance with the Forward Purchase Agreement (see Note 10). Delivery Circle On August 5, 2024, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (“Seller”), for the purposes of ConnectM acquiring from the Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (“DeliveryCircle”). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. The Purchase Agreement was unanimously approved by the Company’s directors on August 2, 2024. Pursuant to the Purchase Agreement, at the closing of the transactions contemplated therein, ConnectM purchased from the Seller certain membership interests in DeliveryCircle, comprising 842,157 Class A Units, 207,843 Class P Units and 3,063 Series A Units (the “Acquired Interests”), which represent issued and outstanding equity securities of DeliveryCircle comprising (i) forty-six percent (46.0%) of the equity interests in DeliveryCircle and (ii) fifty-seven percent (57.0%) of the voting interests in DeliveryCircle. In addition, in connection with ConnectM’s acquisition of the Acquired Interests, ConnectM will have the right to appoint four out of the seven voting members to DeliveryCircle’s board of directors. Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for $520,000 plus contingent consideration. The contingent consideration is based on the years ended December 31, 2024 through 2031 and is the lesser of a base amount, 20% of revenue growth from the previous year, or 37% of EBITDA for the year. To value the contingent consideration, the Company performed a Monte Carlo simulation and determined a contingent consideration value of approximately $576,000. As of September 30, 2024, the $520,000 is unpaid and is included in Accrued Expenses in the unaudited condensed consolidated balance sheet. The fair value of the purchase consideration in the acquisition is as follows: ● Cash - $520,000 ● Contingent Consideration — $576,000 ● Total - $1,096,000 ● Divided by Acquired Ownership — 46% ● Implied Consideration for 100% ● Ownership — $2,382,000 The acquisition of Delivery Circle was accounted for using the acquisition method, whereby all of the assets acquired, and liabilities assumed were recognized at their fair value on the acquisition date, with any excess of the purchase price over the estimated fair value recorded as goodwill. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed and noncontrolling interest at the date of acquisition (in thousands): ​ ​ ​ ​ Cash $ 699 Accounts receivable ​ 620 Prepaid expenses and other assets ​ 41 Intangible assets ​ 586 Goodwill ​ 790 Total assets acquired ​ $ 2,736 ​ ​ ​ ​ Accounts payable ​ $ 218 Accrued expenses ​ 136 Contingent consideration ​ ​ 576 Total liabilities acquired ​ $ 930 ​ ​ ​ ​ Allocation to Minority Interest ​ $ 1,286 ​ After allocating the purchase price to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, the Company recorded goodwill of approximately $0.8 million. Goodwill largely consists of expected synergies to be realized from new ownership and is expected to not be deductible for income tax purposes. The fair values of intangible assets were based on valuations using the income approach. The preliminary fair value of intangible assets and Delivery Circle’s assembled workforce estimated useful lives are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Identified Intangible Asset ​ Fair Value ​ Useful Life Customer relationships ​ $ 106 8 years Developed technologies ​ 400 5 years Trade name and workforce ​ 80 5 years Fair value of identified intangible assets ​ $ 586 ​ The Company, with the assistance of third-party appraisers, assessed the fair value of the assets. The identifiable intangible assets were valued using the Income Approach. The Income Approach requires several judgements and assumptions to determine the fair value of intangible assets, including growth rates, discount rates, customer attrition rates, expected levels of cash flows, and tax rate. Key assumptions used to value the trade name acquired intangible asset included a tax rate of 28%, intangible discount rate of 14%, and a royalty rate of 0.3%. Key assumptions used to value the developed technology intangible asset included a revenue migration of 20%. Key assumptions used to value the customer relationship intangible asset includes intangible discount rate of 14% and an attrition rate of 10%. ​ The contingent consideration is categorized as a Level 3 fair value measurement (see Fair Value Measurements described in Note 11) because the Company estimated projections utilizing unobservable inputs. Contingent consideration payments involve certain assumptions requiring significant judgment and actual results can differ from assumed and estimated amounts. The following unaudited pro forma information presents our combined results as if the Delivery Circle acquisition occurred at the beginning of 2023. The unaudited pro forma financial information was prepared to give effect to events that are (1) directly attributable to the acquisition; (2) factually supportable; and (3) expected to have a continuing impact on the combined company’s results. There were no material transactions between the Company and Delivery Circle during the period presented that are required to be eliminated. The unaudited pro forma combined financial information does not reflect cost savings, operating synergies or revenue enhancements that the combined companies may achieve or the costs to integrate the operations of the costs necessary to achieve cost savings, operating synergies or revenue enhancements. Pro forma combined financial information (unaudited, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Revenues ​ $ 7,036 ​ $ 6,572 ​ $ 23,013 ​ $ 21,423 Net loss ​ $ (12,182) ​ $ (2,484) ​ $ (16,869) ​ $ (4,628) ​ The unaudited pro forma combined financial information is presented for information purposes only and is not intended to represent or be indicative of the combined results of operations or financial position that we would have reported had the acquisition been completed as of the date and for the periods presented and should not be taken as representative of our consolidated results of operations or financial condition following the acquisition. In addition, the unaudited pro forma combined financial information is not intended to project the future results of the combined company. The unaudited pro forma combined financial information was prepared using the acquisition method of accounting under existing U.S. GAAP. The Company has been treated as the acquirer.
ConnectM Before Business Combination
BUSINESS COMBINATIONS		NOTE 6: BUSINESS COMBINATIONS Cazeault Solar & Home, LLC Pursuant to a membership interest purchase agreement effective January 1, 2022, by and between the Company and Cazeault Solar & Home, LLC, the Company acquired CSH, a Massachusetts limited liability company. Consideration for the total allocable purchase price consisted of $950,000. Total consideration included cash of $350,000, issuance of the Company’s common stock having a fair value of $200,000, and $400,000 representing two seller secured promissory notes (see Note 12: Debt). In connection with the CSH acquisition, we incurred $19,000 of acquisition-related costs which were recorded in selling, general and administrative expenses in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2022. The Company’s consolidated financial statements for the year ended December 31, 2022 include CSH’s results of operations from January 1, 2022, the acquisition date. The Company’s consolidated financial statements as of December 31, 2022, reflect the final purchase accounting adjustments in accordance with ASC 805. The purchase price exceeded the aggregate fair value of the acquired assets and assumed liabilities at the acquisition date by approximately $880,363. Such excess amount has been recognized as goodwill within our Decarbonization segment. The goodwill is attributed to the expected enhanced operational scale, market diversification, synergies, assembled workforce and other strategic benefits. None of the goodwill associated with the acquisition is deductible for income tax purposes and, as such, no deferred taxes have been recorded related to goodwill. ​ ​ ​ ​ ​ Cash $ 244,500 Accounts receivable ​ ​ 217,500 Property and equipment, net ​ 38,300 Customer relationships ​ 114,000 Tradename ​ 115,000 Goodwill ​ 880,363 Accounts payable ​ (155,700) Accrued expenses and other current liabilities ​ (222,000) Deferred tax liabilities ​ (62,563) Debt ​ (219,400) Purchase Price ​ $ 950,000 ​ The estimated useful lives of those intangible assets acquired associated with the CSH acquisition were as follows: ​ ​ ​ ​ Customer relationships 15 years Tradename ​ 3 years ​ Bourque Heating & Cooling Company, Inc. Pursuant to a stock purchase agreement effective February 14, 2022, by and between the Company and Bourque Heating & Cooling Company, Inc., the Company acquired BHC, a Massachusetts limited liability company. Consideration for the total allocable purchase price consisted of $1,389,000. Total consideration included $789,000 in cash, and the issuance of a $600,000 secured promissory note (see Note 12: Debt). In connection with the BHC acquisition, we incurred $22,000 of acquisition-related costs which were recorded in selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Loss for the year ended December 31, 2022. The Company’s consolidated financial statements for the year ended December 31, 2022 include BHC’s results of operations from February 14, 2022, the date of acquisition. The Company’s consolidated financial statements as of December 31, 2022, reflect the final purchase accounting adjustments in accordance with ASC 805. The purchase price exceeded the aggregate fair value of the acquired assets and assumed liabilities at the acquisition date by $624,202. Such amount has been recognized as goodwill within our Electrification segment. We attribute this goodwill to enhanced financial and operational scale, market diversification, opportunities for synergies, assembled workforce and other strategic benefits. None of the goodwill associated with the acquisition is deductible for income tax purposes and, as such, no deferred taxes have been recorded related to goodwill. ​ ​ ​ ​ ​ Cash $ 122,000 Inventory ​ ​ 5,300 Property and equipment, net ​ 91,400 Customer relationships ​ 546,000 Noncompetition agreement ​ 34,000 Tradename ​ 184,000 Goodwill ​ 624,202 Accounts payable ​ (9,177) Deferred tax liabilities ​ (208,725) Purchase Price ​ $ 1,389,000 ​ The estimated useful lives of those intangible assets acquired associated with the BHC’s acquisition were as follows: ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years ​ Airflow Service Company, Inc. Pursuant to a stock purchase agreement effective May 1, 2022, by and between the Company and Airflow Service Company, Inc., the Company acquired AFS, a Virginia Corporation. Consideration for the total allocable purchase price of $750,000. Total consideration included $101,000 in cash and issuance of $649,000 of a secured promissory note (see Note 12: Debt). In connection with the AFS acquisition, we incurred $12,000 of acquisition-related costs which were recorded in Selling, general and administrative expenses in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2022. The Company’s consolidated financial statements for the year ended December 31, 2022 include AFS’s results of operations from May 1, 2022, the acquisition date. The Company’s consolidated financial statements as of December 31, 2022, reflect the final purchase accounting adjustments in accordance with ASC 805. We completed the allocation of the purchase price, which resulted in the purchase price exceeding the aggregate fair value of the acquired assets and assumed liabilities at the acquisition date by $285,383. Such amount has been recognized as goodwill within our Electrification segment. The goodwill is attributed to the expected enhanced operational scale, market diversification, synergies, assembled workforce and other strategic benefits. None of the goodwill associated with the acquisition is deductible for income tax purposes and, as such, no deferred taxes have been recorded related to goodwill. ​ ​ ​ ​ ​ Cash $ 97,000 Accounts receivable ​ ​ 1,000 Prepaid expenses and other current assets ​ 10,000 Property and equipment, net ​ 43,000 Customer relationships ​ 330,000 Noncompetition agreement ​ 26,000 Tradename ​ 135,000 Goodwill ​ 285,383 Accounts payable ​ (51,000) Deferred tax liabilities ​ (126,383) Purchase price ​ $ 750,000 ​ The estimated useful lives of those intangible assets acquired associated with the AFS acquisition were as follows: ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years ​ The Company determined that the acquisition of AFS was deemed significant to the Company in accordance with S-X Rule 3-05. For further information regarding the pro forma statement of operations for the year ended December 31, 2022 as required by ASC 805, Business Combinations, see below. Blue Sky Electric, Inc. Pursuant to a stock purchase agreement effective August 1, 2022, by and between the Company and Blue Sky Electric, Inc., the Company acquired BSE, a Massachusetts Corporation. Consideration for the total allocable purchase price consisted of the issuance of 5,000 shares of common stock of the Company having an agreed-upon value of $7.71 per share, or $38,550. The Company’s consolidated financial statements for the year ended December 31, 2022 include BSE’s results of operations from August 1, 2022, the date of acquisition. The Company’s consolidated financial statements as of December 31, 2022, reflect the final purchase accounting adjustments in accordance with ASC 805. The purchase price was de minimus, and a valuation was not performed; therefore, the entire purchase price was allocated to goodwill within our Decarbonization segment. The goodwill is attributed to the expected enhanced operational scale, market diversification, synergies, assembled workforce and other strategic benefits. None of the goodwill associated with the acquisition is deductible for income tax purposes and, as such, no deferred taxes have been recorded related to goodwill. Florida Solar Products, Inc. Pursuant to a stock purchase agreement dated December 28, 2022, by and between the Company and Florida Solar Products, Inc., the Company acquired FSP, a Florida Corporation. Consideration for the total allocable purchase price was $1,720,000. Total consideration included $450,000 in cash, issuance of $1,270,000 of secured promissory notes (see Note 12: Debt) and up to $750,000 associated with a contingent payment in the future if FSP achieves certain non-GAAP targets in year 2023. The total fair value of this contingent liability was determined to be $57,694, at the date of acquisition, which is included in “Accrued expenses and other current liabilities”. In connection with the FSP acquisition, we incurred $30,000 of acquisition-related costs which were recorded in Selling, general and administrative expenses in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2022. The Company’s consolidated financial statements for the year ended December 31, 2022 include FSP’s results of operations from December 28, 2022, the date of acquisition. The Company’s consolidated financial statements as of December 31, 2022, reflect the final purchase accounting adjustments in accordance with ASC 805. The purchase price exceeded the aggregate fair value of the acquired assets and assumed liabilities at the acquisition date by $687,735. Such excess amount has been recognized as goodwill within our Decarbonization segment. The goodwill is attributed to the expected enhanced operational scale, market diversification, synergies, assembled workforce and other strategic benefits. None of the goodwill associated with the acquisition is deductible for income tax purposes and, as such, no deferred taxes have been recorded related to goodwill. ​ ​ ​ ​ ​ Cash $ 99,000 Accounts receivable ​ ​ 251,700 Inventory ​ 343,500 Prepaid expenses and other current assets ​ 42,800 Property and equipment, net ​ 445,100 Customer relationships ​ 215,000 Noncompetition agreement ​ 31,000 Tradename ​ 321,000 Goodwill ​ 687,735 Accounts payable ​ (247,300) Accrued expenses and other current liabilities ​ (134,300) Deferred tax liabilities ​ (143,735) Debt ​ (191,500) Purchase Price ​ $ 1,720,000 ​ The estimated useful lives of those intangible assets acquired associated with the FSP acquisition were as follows: ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years ​ The Company determined that the acquisition of AFS was deemed significant to the Company in accordance with S-X Rule 3-05. For further information regarding the pro forma statement of operations for the year ended December 31, 2022 as required by ASC 805, Business Combinations, see below. Unaudited Pro Forma Statement of Operations The Company determined that the acquisitions of both AFS and FSP were deemed significant to the Company for the year ended December 31, 2022 in accordance with S-X Rule 3-05. As required by ASC 805, Business Combinations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro forma ​ ​ ​ ​ ​ ​ ​ ​ ​ Transaction ​ financial ​ ​ ​ Transaction ​ ​ ​ ConnectM ​ AFS ​ Accounting ​ information ​ ​ Accounting ​ ​ ​ historical historical ​ Adjustments ​ (adjusted for ​ FSP historical Adjustments ​ Pro forma ​ ​ financial ​ financial (acquisition ​ acquisition ​ financial (acquisition ​ results ​ ​ information ​ information ​ of AFS) ​ of AFS) ​ information ​ of FSP) ​ (combined) Revenues ​ $ 15,441,315 ​ $ 500,918 — ​ $ 15,942,233 ​ $ 4,887,822 — ​ $ 20,830,055 Net income (loss) ​ (3,542,583) ​ (139,190) (41,000) (1) (3,710,773) ​ 399,500 (52,000) (3) (3,333,273) ​ ​ ​ ​ ​ ​ ​ 12,000 (2) ​ ​ ​ ​ ​ 30,000 (4) ​ ​ ​ Unaudited pro forma transaction accounting adjustments for the AFS acquisition include adjustments to reflect the following: (1) An adjustment to reflect additional amortization of $41 thousand for the year ended December 31, 2022, that would have been charged assuming the fair value adjustments to intangible assets and property and equipment had been applied on January 1, 2022. (2) An adjustment to reverse acquisition-related fees and expenses of $12 thousand for the year ended December 31, 2022. Unaudited pro forma transaction accounting adjustments for the FSP acquisition include adjustments to reflect the following: (3) An adjustment to reflect additional amortization of $52 thousand for the year ended December 31, 2022, that would have been charged assuming the fair value adjustments to intangible assets and property and equipment had been applied on January 1, 2022. (4) An adjustment to reverse acquisition-related fees and expenses of $30 thousand for the year ended December 31, 2022.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
PROPERTY AND EQUIPMENT	NOTE 5 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Furniture and fixtures $ 97 $ 91 Machinery and equipment ​ 69 ​ 62 Vehicles ​ 860 ​ 814 Property improvements ​ 17 ​ 49 Building ​ 575 ​ 570 Property and Equipment ​ 1,618 ​ 1,586 Less: Accumulated Depreciation ​ (622) ​ (448) Total ​ $ 996 ​ $ 1,138 ​ Depreciation expense was $55 thousand and $45 thousand for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was $0.2 million and $0.2 million for the nine months ended September 30, 2024 and 2023, respectively.
ConnectM Before Business Combination
PROPERTY AND EQUIPMENT		NOTE 7: PROPERTY AND EQUIPMENT Property and equipment consist of the following at December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2023 2022 Furniture and fixtures ​ $ 90,661 ​ $ 35,279 Machinery and equipment ​ 61,731 ​ 87,071 Vehicles ​ 814,531 ​ 531,232 Property improvements ​ 49,255 ​ 49,255 Building ​ 570,000 ​ 570,000 Property and Equipment ​ 1,586,178 ​ 1,272,837 Less: Accumulated Depreciation ​ (448,479) ​ (191,880) Total ​ $ 1,137,699 ​ $ 1,080,957 ​ Included within the above table are Property and equipment assets acquired as part of the Company’s acquisitions of CSH, BHC, AFS and FSP in 2022. See Note 6: Business Combinations. During the year ended December 31, 2023, the Company abandoned vehicles with a net book value of $29,242 from ACA, CSH and AFS, which is included in selling, general and administrative expenses on the accompanying consolidated statements of operations. Depreciation expense was $259,222 and $132,890 for the years ended December 31, 2023 and 2022, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
INTANGIBLE ASSETS	NOTE 6 — INTANGIBLE ASSETS Identifiable intangible assets consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2024 ​ ​ Gross ​ Accumulated ​ ​ ​ ​ Amount Amortization Net Amount Customer relationships ​ $ 1,071 ​ $ (487) ​ $ 584 Tradename ​ 800 ​ (252) ​ 548 Noncompetition agreements ​ 34 ​ (18) ​ 16 Intellectual property ​ 35 ​ (23) ​ 13 Internally developed software ​ 967 ​ (276) ​ 691 Total ​ $ 2,907 ​ $ (1,056) ​ $ 1,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ Gross Accumulated ​ ​ ​ ​ Amount ​ Amortization ​ Net Amount Customer relationships ​ $ 1,445 ​ $ (582) ​ $ 863 Tradename ​ 923 ​ (217) ​ 706 Noncompetition agreements ​ 126 ​ (82) ​ 44 Intellectual property ​ 35 ​ (20) ​ 15 Internally developed software ​ 440 ​ (227) ​ 213 Total ​ $ 2,969 ​ $ (1,128) ​ $ 1,841 ​ Amortization expense was $0.1 million and $0.1 million for the three months ended September 30, 2024 and 2023, respectively. Amortization expense was $0.3 million and $0.4 million for the nine months ended September 30, 2024 and 2023, respectively. Amortization expense over the next five years and thereafter is expected to be as follows below. The below does not include $0.2 million of capitalized costs for internally developed software that are still in the development stage and not currently subject to amortization. Amortization expense over the next five years and thereafter is expected to be as follows (in thousands): ​ ​ ​ ​ ​ Nine months ending September 30, 2024 Amount 2024 (remainder) ​ $ 104 2025 ​ 344 2026 ​ 311 2027 ​ 253 2028 ​ 234 2029 ​ 179 Thereafter ​ 254 Total ​ $ 1,679 ​
ConnectM Before Business Combination
INTANGIBLE ASSETS		NOTE 8: INTANGIBLE ASSETS Identifiable intangible assets consist of the following at December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Gross Amount Accumulated Amortization Net Amount Customer relationships ​ $ 1,445,000 ​ $ (582,256) ​ $ 862,744 Tradename ​ 923,000 ​ (216,501) ​ 706,499 Noncompetition agreements ​ 126,000 ​ (82,037) ​ 43,963 Intellectual property ​ 35,186 ​ (20,073) ​ 15,113 Internally developed software ​ 439,617 ​ (227,061) ​ 212,556 Total ​ $ 2,968,803 ​ $ (1,127,928) ​ $ 1,840,875 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Gross Amount Accumulated Amortization Net Amount Customer relationships ​ $ 1,523,000 ​ $ (379,742) ​ $ 1,143,258 Tradename ​ 999,000 ​ (173,777) ​ 825,223 Noncompetition agreements ​ 169,000 ​ (77,282) ​ 91,718 Intellectual property ​ 35,186 ​ (15,613) ​ 19,573 Internally developed software ​ 400,754 ​ (138,967) ​ 261,787 Total ​ $ 3,126,940 ​ $ (785,381) ​ $ 2,341,559 ​ Intangible assets are amortized over their estimated useful lives of 3 to 15 years using the straight-line method. Amortization expense was $517,175 and $352,593 for the years ended December 31, 2023 and 2022, respectively. Amortization expense over the next five years and thereafter is expected to be as follows below. The below does not include $97,446 of capitalized costs for internally developed software that are still in the development stage and not currently subject to amortization. ​ ​ ​ ​ ​ Year ending December 31, Amount 2024 ​ $ 420,676 2025 ​ 306,065 2026 ​ 240,851 2027 ​ 184,593 2028 ​ 156,170 Thereafter ​ 435,074 Total ​ $ 1,743,429 ​ Impairment of Long-Lived Assets Other than Goodwill During the fourth quarter of 2022, the Company determined that based on recent recurring losses and negative financial performance, the carrying value of certain definite-lived customer relationship, tradename and noncompetition agreement intangible assets may not be recoverable. As a result, the Company performed a recoverability test on certain asset groups containing definite-lived intangible assets. The Company evaluated the recoverability of the related intangible assets to be held and used by using level 3 inputs and comparing the carrying amount of the asset to the future net undiscounted cash flows expected to be generated by the asset to determine if the carrying value is not recoverable. The recoverability test indicated that the DT reporting unit and specifically, one customer relationship, tradename and noncompetition agreement intangible asset were impaired. As a result, the Company recorded customer relationship, tradename, and noncompetition intangible asset impairments of $41,747, $55,569 and $1,247, respectively, during the year ended December 31, 2022. During the fourth quarter of 2023, the Company determined that based upon the contractual terms of its noncompete agreement acquired in connection with the acquisition of FSP, the noncompete was deemed to be impaired. As a result, the Company recorded a noncompetition intangible asset impairment of $24,750 during the year ended December 31, 2023. These impairments are recorded within the caption “Loss on Impairment” in the consolidated statement of operations and comprehensive loss.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
GOODWILL	NOTE 9: GOODWILL The Company determined the fair value for each reporting unit in our goodwill impairment assessment using both a discounted cash flow analysis and a multiples-based market approach for comparable companies. We utilized third-party valuation advisors to assist us with these valuations. These analyses included significant judgment, including short-term and long-term forecast of operating performance, discount rates based on our weighted average cost of capital, revenue growth rates, profitability margins, capital expenditures and the timing of future cash flows. These impairment assessments incorporate inherent uncertainties, including supply and demand for our services, utilization forecasts, pricing forecasts and future market conditions, which are difficult to predict in volatile economic environments and could result in impairment charges in future periods if actual results materially differ from the assumptions utilized in our forecasts. Based upon our impairment assessments as of December 31, 2022, we determined the carrying amount of our AFS, DT, and BAC reporting units exceeded their fair value. As a result, we recorded $490,736 in goodwill impairment charges on those reporting units during the year ended December 31, 2022. Based upon our impairment assessments as of December 31 2023, we determined the carrying amount of our ACA reporting unit exceeded its fair value. As a result, we recorded $157,103 in goodwill impairment charges on the ACA reporting unit. These impairment amounts are included in “Loss on impairment” within the accompanying consolidated statements of operations. ​ The table below reconciles the change in the carrying amount of goodwill, by business segment, for the period from January 1, 2022 to December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrification Decarbonization OEM/EV Total Balance as of January 1, 2022 ​ $ 378,225 ​ $ — ​ $ — ​ $ 378,225 Acquisitions ​ ​ 909,586 ​ ​ 1,606,647 ​ ​ — ​ ​ 2,516,233 Impairment ​ ​ (490,736) ​ ​ — ​ ​ — ​ ​ (490,736) Balance as at December 31, 2022 ​ $ 797,075 ​ $ 1,606,647 ​ $ — ​ $ 2,403,722 Impairment ​ ​ (157,103) ​ ​ — ​ ​ — ​ ​ (157,103) Balance as at December 31, 2023 ​ $ 639,972 ​ $ 1,606,647 ​ $ — ​ $ 2,246,619 ​

CONVERTIBLE NOTE RECEIVABLE

CONVERTIBLE NOTE RECEIVABLE	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
CONVERTIBLE NOTE RECEIVABLE	NOTE 10: CONVERTIBLE NOTE RECEIVABLE In August, September, and November 2023, the Company issued $445,000 to Monterey Capital Acquisition Corporation (“MCAC”) in the form of convertible notes for working capital purposes. The convertible notes are to be repaid to the Company upon consummation of a Business Combination, without interest, or at the Company’s option, convertible into Private Warrants at a price of $1.00 per warrant. See Note 19: Merger Agreement. As of December 31, 2023, $445,000 was due to the Company, included in “Convertible note receivable” in the accompanying consolidated balance sheet.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
LEASES	NOTE 11: LEASES The Company’s operating lease portfolio primarily includes corporate offices and call centers. The majority of its leases have remaining lease terms of one year to five years, some of which include options to extend the leases for up to five years, and others include options to terminate the leases within one year. Exercises of lease renewal options are typically at the Company’s sole discretion and are included in its ROU assets and lease liabilities based upon whether the Company is reasonably certain of exercising the renewal options. The Company has lease agreements with lease and non-lease components, which are accounted for together as lease components. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s leases do not require any contingent rental payments or impose any financial restrictions. The Company’s leases do not include residual value guarantees or renewal options. Some of the Company’s leases do include escalation clauses. Variable expenses generally represent the Company’s share of the landlord’s operating expenses. The Company does not act as a lessor in any lease arrangements. The components of lease expenses were as follows for the years ended December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended Year Ended ​ December 31, 2023 December 31, 2022 Operating lease costs (1) ​ $ 168,995 ​ $ 111,062 Finance lease costs ​ ​ Amortization of ROU assets ​ 118,851 ​ 87,184 Interest on lease liabilities ​ 18,956 ​ 26,643 Total lease costs ​ $ 306,802 ​ $ 224,889 (1) The total cash paid for amounts included in the measurement of lease liabilities for years ended December 31, 2023 and 2022 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ 2023 2022 Operating cash outflows from operating leases ​ $ (166,060) ​ $ (109,952) Financing cash outflows from finance leases ​ (90,409) ​ (57,098) ​ Lease term and discount rate were as follows: ​ ​ ​ ​ ​ ​ December 31, 2023 Weighted-average remaining lease term (in years) ​ ​ Operating leases 2.52 years Finance leases 2.55 years Weighted-average discount rate Operating leases 8.00 % Finance leases 8.00 % ​ Maturities of lease liabilities under non-cancelable leases as of December 31, 2023 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance ​ ​ ​ ​ ​ Leases Operating Leases Total 2024 ​ ​ 118,020 ​ ​ 120,425 ​ ​ 238,445 2025 ​ 116,266 ​ 119,007 ​ 235,273 2026 ​ 65,393 ​ 51,434 ​ 116,827 2027 ​ 24,840 ​ 23,218 ​ 48,058 Total undiscounted lease payments ​ 324,519 ​ 314,084 ​ 638,603 Less: imputed interest ​ (22,333) ​ (26,237) ​ (48,570) Total lease liabilities ​ $ 302,186 ​ $ 287,847 ​ $ 590,033 ​

Debt

Debt	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt	NOTE 7 — DEBT Secured Promissory Note Agreement In February of 2022, the Company entered into secured promissory note agreements with two lenders for a total of $1.4 million. In connection with the issuance of the secured promissory notes, the Company issued warrants to each lender that may be converted into shares of common stock of the Company. The secured promissory notes mature in February of 2025. Interest is charged at an annual simple rate of 9.25%, which increases to 12% upon the occurrence of an Event of Default, defined as the following. “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any of its debt when due and such failure continues for a period of thirty (30) days after the due date; (ii) the Company breaches any material covenant or other term or condition of the secured promissory note agreements, which breach results in a material adverse effect to the lenders and such breach, if capable of cure, continues for a period of thirty (30) days after the Company shall have received written notice of such breach from any lender; (iii) any representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the secured promissory note agreements or in connection therewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of forty-five (45) days after the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets (a) for more than $1.0 million or (b) which grants injunctive relief that results, or creates a material risk of resulting in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (vi) the Company fails to make any payment when due. The debt discount at issuance of these notes amounted to $83 thousand. Amortization expense related to the debt discount amounted to $7 thousand for both of the three months ended September 30, 2024 and 2023, respectively. Amortization expense related to the debt discount amounted to $21 thousand for both of the nine months ended September 30, 2024 and 2023, respectively. Amortization expense is included within “Interest expense” in the accompanying unaudited condensed statements of operations and comprehensive loss. The unamortized debt discount as of September 30, 2024 and December 31, 2023 amounted to $12 thousand and There were 77,494 warrants that were issued in connection with the issuance of the secured promissory notes that have an exercise price of $3.61 per share. The fair value of these warrants amounted to $83 thousand. Such warrants are exercisable at any point for a period of 10 years from the date issued. The warrants are not transferable, nor do they carry any voting rights or other rights of a shareholder. The holders of the warrants cannot net settle, and all exercises of such warrants must be completed in cash. During the year ended December 31, 2023, the Company issued an additional $5.5 million of secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). However, no warrants were issued in connection with the issuance of these additional secured promissory notes. These Promissory Notes have maturity dates ranging from November of 2023 to December of 2024. For the notes with original maturity dates prior to the date these financial statements are issued, the Company reached agreements with the noteholders to extend the maturity date to the earlier of May 31, 2024 or the date of the transaction with MCAC. The notes accrue interest at a simple annual interest rate that ranges from 18% to 24.0%. Additionally, the Company is not required to make any payments under these promissory notes prior to maturity. During the nine months ended September 30, 2024, the Company issued 14 additional secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). No warrants were issued in connection with the issuance of these additional secured promissory notes. These additional secured promissory notes totaled $4.1 million. The notes do not require payment of interest or principal until the maturity dates, which range from August 15, 2024 to June 30, 2025. The interest rate for these notes ranges from 20% to 24%. The total amount outstanding under these promissory note agreements as of September 30, 2024 and December 31, 2023 were $11.3 million and $7.4 million, respectively. 2022 Convertible Notes The Company issued $1.4 million of convertible notes in September of 2022 (the “2022 Convertible Notes”). On February 22, 2023, the convertible notes were amended to clarify how these Convertible Notes convert. The convertible notes include an automatic conversion upon the occurrence of a Qualified Financing, defined below. These convertible notes convert at a quotient, the numerator of which is the entire principal of the convertible notes and any interest accrued and the denominator is the lesser of 80% of the price per share to be sold in a financing event, or $2.11 per share, adjusted for stock dividend, stock split, combination, or other similar recapitalization with respect to such class or series. This modification did not change the future cash flows of the notes. These convertible notes mature on the earlier of two years from the date of issuance (September 2024), or upon the consummation of a Qualified Financing or Business Combination. A Qualified Financing is defined as the next transaction or series of transactions after the issuance of the convertible notes in which the Company sells shares of its privately issued equity securities resulting in gross proceeds to the Company of at least $5.0 million, not including the convertible notes. A Business Combination is defined as the Business Combination with Monterey Acquisition Corp. Interest is charged at an annual (simple) rate of 5.0%; the rate increases to 8.0% upon the occurrence of an Event of Default. An “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any debt when due and such failure continues for a period of fifteen (15) business days after receipt of notice thereof from the respective holder of such debt; (ii) the Company breaches any material covenant or other term or condition of the convertible notes, which breach results in a material adverse effect to the respective Company and such breach, if capable of cure, continues for a period of thirty (30) days after the date upon which the Company shall have received written notice of such breach from such lender; (iii) any material representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the convertible notes agreement or in connection herewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of thirty (30) days after the date upon which the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets for more than $0.1 million, or which grants injunctive relief that results or is likely to result in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; or (vi) the Company shall fail to make any payment when due (taking into effect any applicable grace or cure periods) of any other indebtedness, or fail to perform or observe the terms of any agreement or instrument related to any indebtedness and such failure shall cause the acceleration of such indebtedness. The Company is not required to make principal payments on these notes until maturity. During the year ended December 31, 2023, the Company issued an additional $0.9 million of convertible notes with the same terms as described above. On July 12, 2024, the Company consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”). Refer to Note 13 – Merger Agreement for further details. The 2022 Convertible Notes and all accrued interest converted into 1,067,592 shares of CNTM stock. The fair value of these shares was $3.8 million. The Company accounts for these convertible notes outstanding, under the fair value option, which resulted in a remeasurement loss of $1.6 million and $1.6 million for the three and nine months ended September 30, 2024, respectively. The company recorded a remeasurement gain of $0.2 million for the three and nine months ended September 30, 2023. The unpaid principal balance as of September 30, 2024 and December 31, 2023 was $0 and $2.3 million, respectively. The fair value remeasurement is included within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. 2024 Convertible Notes The Company issued $0.7 million of convertible notes to various lenders in September 2024 (the “2024 Convertible Notes”). Each individual note is identical to the others and has the same terms, except for the amount of principal commitment by the respective holder. The notes bear interest rate at a rate of 20% per annum with principal and accrued interest maturing in March 2025. The 2024 Convertible Notes are convertible at the option of the holder into shares of the Company’s common stock at a conversion price of $1.00 per share. The number of shares issuable upon conversion is determined by dividing the sum of the outstanding principal and accrued interest by the conversion price. The conversion option is exercisable until 90 days from issuance. The 2024 Convertible Notes may be prepaid in full or in part by the Company at any time without penalty. The 2024 Convertible Notes include standard default provisions, including (a) Failure by the Company to perform its obligations with respect to the conversion of the principal amount of the notes into conversion shares pursuant to the agreement or to otherwise satisfy its obligations under the notes (b) voluntary bankruptcy, and (c) involuntary bankruptcy. In the event of default, the unpaid principal and accrued interest become immediately due and payable without further action from the holder. The 2024 Convertible Notes has been classified as a liability on the condensed consolidated balance sheet as of September 30, 2024. The Company accounts for the 2024 Notes under the fair value option, which resulted in a remeasurement loss of $22 thousand for three and nine months ended September 30, 2024. The fair value remeasurement is recorded within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. As of September 30, 2024, there is $0.7 million outstanding on the 2024 Convertible Notes. ​ EFH Convertible Note On July 10, 2024, Monterey Capital Acquisition Corporation (the “MCAC”) entered into a (i) Satisfaction and Discharge of Indebtedness Pursuant to Underwriting Agreement Dated May 10, 2022 (the “Discharge Agreement”) and (ii) Promissory Note (the “Note”), in each case with EF Hutton LLC (formerly EF Hutton, a division of Benchmark Investments, LLC, “EFH”). On July 11, 2024, the Company and EFH amended and restated the Discharge Agreement (the “Amended Discharge Agreement”) and the Note (the “EFH Convertible Notes”). Pursuant to the Amended Discharge Agreement, in lieu of the Company tendering the full amount of the $3.7 million Deferred Underwriting Commission (as defined in the Underwriting Agreement, dated May 10, 2022, by and between the Company and EFH) in cash at the closing of the Company’s initial business combination, EFH agreed to accept from the Company (i) a payment of $0.5 million in cash within 30 days of the closing of the Company’s initial business combination pursuant to the Amended Note and (ii) issuance of the Amended Note. The EFH Convertible Note has a principal amount of $3.7 million matures in one year and shall be due and payable upon the demand of EFH and upon certain events of default. The Company may prepay the Amended Note in whole or in part at any time without penalty. In addition, the Company is obligated to pay toward the Note Small Business Administration (SBA) Loans On June 5, 2020, the Company entered into an SBA Loan agreement in the amount of $0.2 million. The payment terms under this loan required monthly payments of $731 per month for a total of thirty years. In 2021, this loan was amended to increase the total borrowing to $0.5 million with monthly payments of $1 thousand for a total of thirty years. Interest under this SBA loan is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under this SBA loan as of September 30, 2024 and December 31, 2023 was $0.5 million. This loan matures in June 2050. In 2022, in connection with the acquisitions of FSP and CSH, the Company assumed two additional SBA loans for $0.2 million each. The payment terms under these loans required monthly payments of $731 per month for a total of thirty years. Interest under each of these SBA loans is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under these SBA loans as of September 30, 2024 and December 31, 2023 was $0.3 million and $0.3 million, respectively. These loans mature in June 2050. The SBA loans are collateralized by all tangible and Intangible personal property of the Company. PPP (Paycheck Protection Program) Loan On May 4, 2020, the Company entered into a PPP Loan agreement in the amount of $0.2 million. Payments were not required under the loan for a period from six months from the date of the initial borrowing, upon which payments are required to be made monthly. Interest under this PPP loan accrues at 1.00% annually on funds outstanding. The maturity date of this loan is May 4, 2025. The total amount outstanding under this PPP loan as of September 30, 2024 and December 31, 2023 was $28 thousand and $59 thousand, respectively. The PPP loan is collateralized by all tangible and intangible personal property of the Company. Vehicle Notes The Company has obtained several vehicles over a long period since inception. Each vehicle has its own standalone loan. As of September 30, 2024 the company has a total of thirteen vehicle loans. The maturities of these vehicle notes outstanding range from 2026 through 2029. Interest rates range from 4.99% to 17.37% and total payments range from $435 - $1,628 per month. The outstanding principal balance of these loans at September 30, 2024 and December 31, 2023 was $0.5 million and $0.5 million, respectively. BAC Seller Note On December 1, 2020, the Company entered into the BAC Seller Note for a principal sum of $0.2 million. This Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The maturity date of this note is November 1, 2025. The total amount outstanding under this Seller Note as of September 30, 2024 and December 31, 2023 was $56 thousand and $84 thousand, respectively. The note is secured by a mortgage of certain real estate property entered into by one of its wholly owned subsidiaries. ACA Seller Note On May 18, 2021, the Company entered into the ACA Seller Note for a principal sum of $0.2 million. The Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The Company and the noteholder have been in litigation which was settled pursuant to a settlement agreement dated May 16, 2024. Under the terms of the settlement agreement, the Company was required to pay the noteholder $60 thousand in cash and in return, the Company would receive the noteholders 5% ownership interest and the unpaid balance on the seller note would be considered resolved and any and all claims under the litigation would be deem resolved. At the time of the settlement there was $0.1 million of unpaid principal balance on the seller note. The additional 5% ownership interest acquired increased the Company’s ownership of ACA to 95%, and as such, control of ACA has not changed. Therefore, irrespective of the events that lead to changes in ownership interests in the subsidiary, if control has not changed, a parent accounts for such changes in ownership as equity transactions. The net amount of consideration was a benefit to the Company of $50 thousand, which is recorded as an increase to additional paid-in-capital. The total amount outstanding under this Seller Note as of December 31, 2023 was $0.1 million. CSH Seller Notes In connection with the acquisition of CSH, the Company entered into the First CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The First CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. In connection with the acquisition of CSH, the Company entered into the Second CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The Second CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. BHC Seller Note In connection with the acquisition of BHC, the Company entered into the BHC Seller Note with the former owners of BHC for a principal sum of $0.6 million. The payments under the BHC Seller Note commenced on February 28, 2023 and are required to be made in three annual installments. Interest under this BHC Seller Note is calculated on the basis of a 360-day year of twelve 30-day months but accrues and is payable based upon the actual number of days elapsed. This BHC Seller Note accrues interest at an annual rate of the minimum applicable federal AFS Seller Note In connection with the acquisition of AFS, the Company entered into the AFS Seller Note with the former owners of AFS for a principal sum of $0.6 million, which matures in July 2026. The quarterly payments under the AFS Seller Note amount to $46 thousand and commenced on July 1, 2022, and are required to be made in sixteen equal quarterly installments. Interest under this AFS Seller Note accrues at a rate of 6.0% per year. The AFS Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this AFS Seller Note as of September 30, 2024 and December 31, 2023 was $0.4 million and $0.5 million, respectively. The note is secured by the Company’s ownership interest in AFS, including all inventory and equipment of the Company. FSP Seller Note On December 28, 2022, the Company entered into the FSP Seller Note with an external third party for a principal sum of $0.9 million, which matures in February 2028. The payments under the FSP Seller Note began on February 1, 2023 and are required to be made in sixty equal monthly installments of $17 thousand. Interest under this FSP Seller Note accrues at a rate of 6.0% per year. The FSP Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this FSP Seller Note as of September 30, 2024 and December 31, 2023 was $0.8 million. The note is secured by a pledged security interest with the former owner of FSP. As a result of the allegations brought forth as described within Note 11: Commitments and Contingencies, the holder of the FSP Seller has communicated that it believes this FSP Seller Note is in default. Further, due to such allegations, the Company has not made any required monthly installment payments during the nine months ended September 30, 2024. Real Estate Promissory Note On December 29, 2022, a wholly owned subsidiary of the Company entered into a Real Estate Promissory Note for land in Florida for a principal sum of $0.4 million, which is collateralized by real estate. The Real Estate Promissory Note commenced on December 29, 2022. The Real Estate Promissory Note was scheduled to mature on July 29, 2023. The Real Estate Promissory Note holder has initiated collection of the Real Estate Promissory Note and has communicated that it believes the Real Estate Promissory Note is in default. See Note 11: Commitments and Contingencies. The Company does not believe that there are any cross default provisions within the Real Estate Promissory Note that would cause default of any of its other debt. The total amount outstanding under this Real Estate Promissory Note as of September 30, 2024 and December 31, 2023 was $0.4 million. The Real Estate Promissory Note is secured by a mortgage on the property. Promissory Notes — Related Party The Company, in September 2016, entered into an unsecured promissory note with Avanti Computing PVT, Ltd., a related party which has ownership in common, for an original principal sum of 90 million INR. The note has a 14% annual interest rate. Payments of interest and principal are made sporadically as there is no set payment schedule for the note. The note also does not have a maturity date and the full note balance is due on demand. As of September 30, 2024, 7.1 million INR $85,282 in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024 were 250,543 INR $3,009 and 746,182 INR $8,906, respectively. Total interest accrued as of September 30, 2024 was 8.4 million INR $100,907. In July 2024, the Company borrowed an additional 8.3 million INR from Avanti. The loan bears interest at 14% with a maturity date in July 2031 USD in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024, was 238,767 INR $2,850. Total interest accrued as of September 30, 2024, was 238,767 INR $2,868. Business Line of Credit In January 2023, the Company opened a business line of credit with American Express and borrowed $74 thousand. The maximum amount the Company can take out on the line of credit is $74 thousand. The line of credit has an interest rate of 13%. This business line of credit matured in September of 2023 and was repaid by the Company. There is no current availability under this business line of credit as of September 30, 2024. Libertas (Sale of Future Receipts) On April 25, 2023, the Company entered into a sale of Future Receipts agreement with Libertas Funding, LLC, an independent third party (“Libertas”). Pursuant to this agreement, the Company sold and assigned $1.6 million of Future Receipts in exchange for net cash proceeds of $1.2 million, including a fee of $24 thousand. As a result, the Company recorded a discount of $0.4 million. Under the agreement, the Company agreed to pay the third party a minimum of $30 thousand of weekly sales receipts until the Future Receipts have been collected. for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 2, 2023, the Company amended this agreement with Libertas to extend the weekly sales receipts period to one year from the amendment date, requiring weekly sales receipts of $18 thousand until the remaining Future Receipts have been collected. Further in connection with this amendment, the Company incurred an incremental fee of $0.1 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50, Debt- Modifications and Extinguishments Similarly, to the transaction in April, on August 7, 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $1.3 million of future receipts in exchange for net proceeds of $1.0 million, including a fee of $20 thousand. As a result the Company recorded a discount of $0.3 million. Under the agreement the Company agreed to pay the third party approximately $26 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 29, 2023, the Company amended this agreement with Libertas to borrow an incremental $0.4 million. Due to this refinancing, Libertas forgave a portion of this debt outstanding totaling $0.1 million and the Company incurred an incremental fee of $0.2 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendments noted above, as of December 31, 2023, all remaining discounts were written off. As a result of the amendments noted above, the Company wrote off all remaining debt discounts, yielding incremental interest expense of $0.7 million. This loss on extinguishment of debt was offset by the forgiveness of debt in connection with each amendment, as discussed above, of $0.2 million relating to the first amendment and $0.1 million relating to the second amendment, yielding a loss on extinguishment of debt of $0.4 million that was recognized during the year ended December 31, 2023. On January 4, 2024, like the transactions in April and August of 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $0.5 million of future receipts in exchange for net proceeds of $0.4 million, including an origination fee of $7 thousand and an original issuance discount of $0.1 million. As a result, the Company recorded a discount of $0.1 million. Under the agreement, the Company agreed to pay the third party approximately $9 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On January 30, 2024, the Company amended each of its outstanding agreements with Libertas to consolidate the agreements into one without any change to the total Future Receipts committed. In connection with this amendment, the Company sold a total of $2.6 million of Future Receipts in exchange for the remaining balances on each of the Company’s outstanding agreements with Libertas as of the date of the transaction, totaling $2.1 million with an original issuance discount of $0.5 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendment, as of September 30, 2024, all unamortized discounts were written off, resulting in a loss on extinguishment of debt of $0.6 million. In connection with these instruments, the Company recorded discounts. These discounts are recorded as an adjustment to the related liability within the “Current portion of debt, net of discount” in the unaudited condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023. As discussed above, as of September 30, 2024 and December 31, 2023, the discounts offered associated with these borrowings were zero. In connection with the January 30, 2024 amendment, the Company erroneously received an incremental $1.1 million from Libertas. Such amounts received were provided to the Company in error and are due and payable in full to Libertas. Libertas has agreed to loan the Company this amount and is currently negotiating repayment terms with the Company. This is shown as a Due to Libertas on the unaudited condensed consolidated balance sheets. Since the Company has significant continuing involvement in the generation of future cash flows due under these agreements among other indicators, pursuant to ASC 470-10-25-2, Debt- Sales of Future Revenues or Other Various Measures of Income The balance of the total sale on Future Receipts stated above as of September 30, 2024 and December 31, 2023 is $2.1 million and $1.9 million, respectively, which is included in the current portion of debt on the unaudited condensed consolidated balance sheets. Samson (Sale of Future Receipts) On May 23, 2024, the Company entered into a sale of Future Receipts agreement with Samson MCA LLC, an independent third party (“Samson”). Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $0.1 million. As a result, the Company recorded a discount of $31 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $12 thousand of monthly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $8 thousand for the three months ended September 30, 2024 and $10 thousand for the nine months ended September 30, 2024. The amortization was recognized as a component of Interest expense within the unaudited condensed consolidated statements of operations and comprehensive loss. On May 28, 2024, the Company entered into a second sale of Future Receipts agreement with Samson. Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $98 thousand. As a result, the Company recorded a discount of $28 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $6 thousand of bi-weekly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $7 thousand for the three months ended September 30, 2024 and $9 thousand for the nine months ended Septem
ConnectM Before Business Combination
Debt		NOTE 12: DEBT Secured Promissory Note Agreement In February of 2022, the Company entered into secured promissory note agreements with two lenders. In connection with the issuance of the secured promissory notes, the Company issued warrants to each lender that may be converted into shares of common stock of the Company. The secured promissory notes mature in February of 2025. Interest is charged at an annual simple rate of 9.25%, which increases to 12% upon the occurrence of an Event of Default, defined as the following. “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any of its debt when due and such failure continues for a period of thirty (30) days after the due date; (ii) the Company breaches any material covenant or other term or condition of the secured promissory note agreements, which breach results in a material adverse effect to the lenders and such breach, if capable of cure, continues for a period of thirty (30) days after the Company shall have received written notice of such breach from any lender; (iii) any representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant the secured promissory note agreements or in connection therewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of forty-five (45) days after the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets (a) for more than $1,000,000, or (b) which grants injunctive relief that results, or creates a material risk of resulting in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (vi) the Company fails to make any payment when due. The debt discount at issuance of these notes amounted to $82,861. Amortization expense related to the debt discount amounted to $27,620 and $23,017 for the years ended December 31, 2023 and 2022, respectively, and is included within “Interest expense” in the accompanying statement of operations and comprehensive loss. The unamortized debt discount as of December 31, 2023 and 2022 amounted to $32,224 and $59,844, respectively. There were 23,332 warrants that were issued in connection with the issuance of the secured promissory notes that have an exercise price of $12.00 per share. The fair value of these warrants amounted to $82,861. Such warrants are exercisable at any point for a period of 10 years from the date issued. The warrants are not transferable, nor do they carry any voting rights or other rights of a shareholder. The holders of the warrants cannot net settle, and all exercises of such warrants must be completed in cash. During the year ended December 31, 2023, the Company issued an additional $5,510,000 of secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). However, no warrants were issued in connection with the issuance of these additional secured promissory notes. These Promissory Notes have maturity dates ranging from November of 2023 to December of 2024. For the notes with original maturity dates prior to the date these financial statements are issued, the Company reached agreements with the noteholders to extend the maturity date to the earlier of May 31, 2024 or the date of the transaction with MCAC. The notes accrue interest at a simple annual interest rate that ranges from 18% to 24.0%. Additionally, the Company is not required to make any payments under these promissory notes prior to maturity. The total amount outstanding under these promissory note agreements as of December 31, 2023 and 2022 were $7,410,000 and $1,900,000, respectively. Convertible Notes The Company issued $1,350,000 of convertible notes in September of 2022. On February 22, 2023, the convertible notes were amended to clarify how these Convertible Notes convert. The convertible notes include an automatic conversion upon the occurrence of a Qualified Financing, defined below. These convertible notes convert at a quotient, the numerator of which is the entire principal of the convertible notes and any interest accrued and the denominator is the lesser of 80% of the price per share to be sold in a financing event, or $7.00 per share, adjusted for stock dividend, stock split, combination, or other similar recapitalization with respect to such class or series. This modification did not change the future cash flows of the notes. These convertible notes mature on the earlier of two years During the year ended December 31, 2023, the Company issued an additional $900,000 of convertible notes with the same terms as described above. The Company accounts for these convertible notes outstanding, under the fair value option, which resulted in a remeasurement gain of approximately $25,446 and $45,869 for the years ended December 31, 2023 and 2022, respectively. The unpaid principal balance as of December 31, 2023 and 2022 was $2,250,000 and $1,350,000, respectively. Small Business Administration (SBA) Loans On June 5, 2020, the Company entered into an SBA Loan agreement in the amount of $150,000. The payment terms under this loan required monthly payments of $731 per month for a total of thirty years. In 2021, this loan was amended to increase the total borrowing to $475,000 with monthly payments of $1,484 for a total of thirty years In 2022, in connection with the acquisition of FSP and CSH, see Note 6: Business Combinations, the Company assumed two additional SBA loans for $150,000 each thirty years The SBA loans are collateralized by all tangible and intangible personal property of the Company. PPP (Paycheck Protection Program) Loan On May 4, 2020, the Company entered into a PPP Loan agreement in the amount of $151,000. Payments were not required under the loan for a period from six months from the date of the initial borrowing, upon which payments are required to be made monthly. Interest under this PPP loan accrues at 1.00% annually on funds outstanding. The maturity date of this loan is May 4, 2025. The total amount outstanding under this PPP loan as of December 31, 2023 and 2022 was $59,350 and $100,740, respectively. The PPP loan is collateralized by all tangible and Intangible personal property of the Company. Vehicle Notes The Company has obtained several vehicles over a long period since inception. Each vehicle has its own standalone loan. As of December 31, 2023 the company has a total of twelve vehicle loans. The maturities of these vehicle notes outstanding as of December 31, 2023 range from 2026 through 2029. Interest rates range from 4.99% to 17.37% and total payments range from $435 — $1,628 per month. The outstanding principal balance of these loans at December 31, 2023 and 2022 was $497,957 and $281,003, respectively. BAC Seller Note On December 1, 2020, the Company entered into the BAC Seller Note for a principal sum of $200,000. This Seller Note requires payments of principal and interest in the amount of $3,867 due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The maturity date of this note is November 1, 2025. The total amount outstanding under this Seller Note as of December 31, 2023 and 2022 was $83,810 and $123,867, respectively. The note is secured by a mortgage of certain real estate property entered into by one of its wholly owned subsidiaries. ACA Seller Note On June 18, 2021, the Company entered into the ACA Seller Note for a principal sum of $225,000. The Seller Note requires payments of principal and interest in the amount of $4,350 due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The total amount outstanding under this Seller Note as of December 31, 2023 and 2022 was $124,627 and $160,890, respectively. The maturity date of this note is May 17, 2026. The note is secured by a pledge of all of the issued and outstanding equity securities of ACA owned by the former owner. CSH Seller Notes In connection with the acquisition of CSH, the Company entered into the First CSH Seller Note with a former owner of CSH for a principal sum of $200,000, which matures in December 2026. The quarterly payments of $13,869 under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The First CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of December 31, 2023 and 2022 was $117,367 and $165,464, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. In connection with the acquisition of CSH, the Company entered into the Second CSH Seller Note with a former owner of CSH for a principal sum of $200,000, which matures in December 2026. The quarterly payments of $13,869 under the Second CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this Second CSH Seller Note accrues at a rate of 5.0% per year. The Second CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this Second CSH Seller Note as of December 31, 2023 and 2022 was $117,367 and $165,464, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. BHC Seller Note In connection with the acquisition of BHC, the Company entered into the BHC Seller Note with the former owners of BHC for a principal sum of $600,000. The payments under the BHC Seller Note commenced on February 28, 2023 and are required to be made in three annual installments. Interest under this BHC Seller Note is calculated on the basis of a 360-day year of twelve 30-day months but accrues and is payable based upon the actual number of days elapsed. This BHC Seller Note accrues interest at an annual rate of the minimum applicable federal rate AFS Seller Note In connection with the acquisition of AFS, the Company entered into the AFS Seller Note with the former owners of AFS for a principal sum of $649,000, which matures in July 2026. The quarterly payments under the AFS Seller Note amount to $45,927 and commence on July 1, 2022, and are required to be made in sixteen equal quarterly installments. Interest under this AFS Seller Note accrues at a rate of 6.0% per year. The AFS Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this AFS Seller Note as of December 31, 2023 and 2022 was $462,531 and $612,808, respectively. The note is secured by the Company’s ownership interest in AFS, including all inventory and equipment of the Company. FSP Seller Note On December 28, 2022, the Company entered into the FSP Seller Note with an external third party for a principal sum of $900,000, which matures in February 2028. The payments under the FSP Seller Note began on February 1, 2023 and are required to be made in sixty equal monthly installments of $17,400. Interest under this FSP Seller Note accrues at a rate of 6.0% per year. The FSP Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this FSP Seller Note as of December 31, 2023 and 2022 was $768,063 and $900,000, respectively. The note is secured by a pledged security interest with the former owner of FSP. As a result of the allegations brought forth as described within Note 14: Commitments and Contingencies, the holder of the FSP Seller has communicated that it believes this FSP Seller Note is in default. Real Estate Promissory Note On December 29, 2022, a wholly owned subsidiary of the Company entered into a Real Estate Promissory Note for land in Florida for a principal sum of $370,000, which is collateralized by real estate. The Real Estate Promissory Note commenced on December 29, 2022. The Real Estate Promissory Note was scheduled to mature on July 29, 2023. The Real Estate Promissory Note holder has initiated collection of the Real Estate Promissory Note and has communicated that it believes the Real Estate Promissory Note is in default. See Note 14: Commitments and Contingencies. The Company does not believe that there are any cross default provisions within the Real Estate Promissory Note that would cause default of any of its other debt. The total amount outstanding under this Real Estate Promissory Note as of December 31, 2023 and 2022 was $370,000. The Real Estate Promissory Note is secured by a mortgage on the property. Promissory Note — Related Party The Company, in September 2016, entered into an unsecured promissory note with Avanti Computing PVT, Ltd., a related party which has ownership in common, for an original principal sum of 90 million INR. The note has a 14% annual interest rate. Payments of interest and principal are made sporadically as there is no set payment schedule for the note. The note also does not have a maturity date and the full note balance is to be paid over time. The total outstanding amount as of December 31, 2023 and 2022 was 7.1 million INR, which translated to $85,437 and $85,822, respectively. Total interest expense recognized on this note for the years ended December 31, 2023 and 2022 were $12,040 and $12,654, respectively. Total interest accrued as of December 31, 2023 and 2022 was $64,612 and $75,087, respectively. Business Line of Credit In January 2023, the Company opened a business line of credit with American Express and borrowed $74,400. The maximum amount the Company can take out on the line of credit is $74,400. The line of credit has an interest rate of 13%. This business line of credit matured in September of 2023 and was repaid by the Company. There is no current availability under this business line of credit as of December 31, 2023. Libertas (Sale of Future Receipts) On April 25, 2023, the Company entered into a sale of Future Receipts agreement with Libertas Funding, LLC, an independent third party (“Libertas”). Pursuant to this agreement, the Company sold and assigned $1,597,144 of Future Receipts in exchange for net cash proceeds of $1,176,000, including a fee of $24,000. As a result, the Company recorded a discount of $421,144. Under the agreement, the Company agreed to pay the third party a minimum of $30,174 of weekly sales receipts until the Future Receipts have been collected. for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 2, 2023, the Company amended this agreement with Libertas to extend the weekly sales receipts period to one year from the amendment date, requiring weekly sales receipts of $17,700 until the remaining Future Receipts have been collected. Due to this refinancing, Libertas forgave a portion of this debt outstanding totaling $162,080, which the Company recorded within “Loss on extinguishment of debt” in the consolidated statement of operations and comprehensive loss for the year ended December 31, 2023. Further in connection with this amendment, the Company incurred an incremental fee of $100,000. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. Similarly, to the transaction in April, on August 7, 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $1,290,000 of future receipts in exchange for net proceeds of $980,000, including a fee of $20,000. As a result the Company recorded a discount of $310,000. Under the agreement that the Company agrees to pay the third party approximately $25,595 weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 29, 2023, the Company amended this agreement with Libertas to borrow an incremental $370,543. Due to this refinancing, Libertas forgave a portion of this debt outstanding totaling $130,000 and the Company incurred an incremental fee of $221,000. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. In connection with these instruments, the Company recorded discounts. These discounts are recorded as an adjustment to the related liability within the “Current portion of debt, net of discount” in the consolidated balance sheet as of December 31, 2023. These discounts are amortized over the life of the respective loans via the effective interest method. This amortization yielded incremental interest expense of $318,937, which is recorded within “Interest expense” within the consolidated statement of operations and comprehensive loss for the year ended December 31, 2023. As a result of the amendments noted above, the Company wrote off all remaining debt discounts, yielding incremental interest expense of $662,400, which is recorded within “Loss on extinguishment of debt” within the consolidated statement of operations and comprehensive loss for the year ended December 31, 2023. This loss on extinguishment of debt was offset by the forgiveness of debt in connection with each amendment, as discussed above, of $162,080 relating to the first amendment and $130,000 relating to the second amendment, yielding a loss on extinguishment of debt of $370,320. Since the Company has significant continuing involvement in the generation of future cash flows due under these agreements among other indicators, pursuant to ASC 470-10-25-2, Debt- Sales of Future Revenues or Other Various Measures of Income The balance of the total sale on Future Receipts stated above as of December 31, 2023 is $1,938,257, which is included in the current portion of debt on the consolidated balance sheet. Estimated Maturities on all Debt Estimated debt maturities, net of debt discount amortization, is as follows: ​ ​ ​ ​ ​ Year 2023 2024 ​ $ 12,021,017 2025 ​ 2,093,827 2026 ​ 312,559 2027 ​ 115,029 2028 ​ 79,762 Thereafter ​ 727,989 Total ​ $ 15,350,183 ​ Summary of all Debt A summary of all debt outlined above is included below: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, Description 2023 2022 Secured Promissory Notes ​ $ 7,410,000 ​ $ 1,900,000 Small Business Administration (SBA) Loans ​ 768,956 ​ 775,000 Paycheck Protection Program (PPP) Loans ​ 59,350 ​ 100,740 Vehicle Notes ​ 497,957 ​ 281,003 BAC Sellers Note ​ 83,810 ​ 123,867 ACA Sellers Note ​ 124,627 ​ 160,890 CSH Sellers Notes ​ 234,734 ​ 330,928 BHC Sellers Note ​ 400,000 ​ 600,000 AFS Sellers Note ​ 462,531 ​ 612,808 FSP Sellers Note ​ 768,063 ​ 900,000 Real Estate Promissory Note ​ 370,000 ​ 370,000 Promissory Note- Related Party ​ 85,437 ​ 85,822 Libertas (Sale of Future Receipts) ​ 1,938,257 ​ — Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, and Libertas ​ $ 13,203,722 ​ $ 6,241,058 Less: Debt discounts ​ (32,224) ​ (59,844) Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, and Libertas ​ $ 13,171,498 ​ $ 6,181,214 Convertible Debt ​ 2,178,685 ​ 1,304,131 Total debt, net of debt discount ​ $ 15,350,183 ​ $ 7,485,345 ​ ​

INCOME TAXES_2

INCOME TAXES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
INCOME TAXES	NOTE 8 — INCOME TAXES The Company considers new evidence (both positive and negative) at each reporting date that could affect our view of the future realization of deferred tax assets. We evaluate information such as historical financial results, historical taxable income, projected future taxable income, expected timing of the reversals of existing temporary differences and available prudent and feasible tax planning strategies in our analysis. Based on the available evidence, the Company continues to recognize a full valuation allowance against deferred tax assets in the United States and India. Our income tax benefit (including discrete items) was $0 and $0 for the three and nine months ended September 30, 2024 and 2023, respectively. For the three and nine months ended September 30, 2024 and 2023, our effective tax rate differs from the statutory rate of the United States of 21% due to our valuation allowances in jurisdictions in the United States and India. The income tax benefits recognized relate to the partial release of the Company’s valuation allowance on its deferred tax assets due to the acquisition of deferred tax liabilities on intangible assets for which tax has no basis.
ConnectM Before Business Combination
INCOME TAXES		NOTE 13: INCOME TAXES The components of the income tax provision (benefit) are as follows: ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2023 2022 Current ​ Federal — ​ $ — State — ​ — Foreign — ​ — Total Current — ​ — Deferred ​ Federal — ​ $ (512,025) State — ​ (29,381) Foreign — ​ — Total Deferred — ​ (541,406) Total income taxes — ​ $ (541,406) ​ The Company is subject to a federal income tax rate of 21.0%. Additionally, the Company is subject to a blended state income tax rate of 6.32% net of federal The principal components of deferred income tax assets, net, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2023 2022 Deferred tax assets ​ ​ Depreciation ​ — ​ $ 35,967 Other ​ 4,266 ​ 1,386 ROU asset ​ 157,555 ​ 201,556 Net operating losses ​ 5,408,937 ​ 3,038,057 Deferred tax assets ​ 5,570,758 ​ 3,276,966 Less: Valuation allowance ​ (5,207,943) ​ (2,788,979) Total deferred tax assets ​ $ 362,815 ​ $ 487,987 Deferred tax liabilities ​ ​ Depreciation, amortization, and impairment ​ (219,512) ​ (316,895) Lease assets ​ (143,303) ​ (171,092) Deferred tax liabilities ​ $ (362,815) ​ $ (487,987) Net deferred tax assets ​ $ — ​ $ — ​ As of December 31, 20223 and 2022, the Company had Federal and state net operating loss carryforwards of approximately $20,000,792 and $11,214,397 which are available to offset future taxable income. They are due to expire starting in 2026. Federal net operating losses occurring after December 31, 2017, of approximately $18,703,617 may be carried forward indefinitely. A valuation allowance has been established for the full amount of net deferred income tax assets as management has concluded that it is more likely than not that the benefits from such assets will not be realized.

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES	NOTE 9 — COMMITMENTS AND CONTINGENCIES Litigation The Company is from time to time subject to routine legal claims, proceedings and regulatory matters, most of which are incidental to the ordinary course of its business. The Company accrues for potential liability arising from legal proceedings and regulatory matters when it is probable that such liability has been incurred and the amount of the loss can be reasonably estimated. This determination is based upon currently available information for those proceedings in which the Company is involved, taking into account its best estimate of such losses for those cases for which such estimates can be made. The Company’s estimate involve significant judgement, given the varying stages of proceedings (including issues regarding class certification and the scope of many of the claims), and the related uncertainty of the potential outcomes of these proceedings. In making determinations of the likely outcome of pending litigation, the Company considers many factors, including, but not limited to, the nature of the claims, the Company’s experience with similar types of claims, the jurisdiction in which the matter is filed, input from outside legal counsel, the likelihood of resolving the matter through alternative mechanisms, the matter’s current status and the damages sought or demands made. Accordingly, the Company’s estimate will change from time to time, and actual losses could be more or less than the current estimate. As of September 30, 2024 and December 31, 2023, there are no matters for which a reserve is required to be established. On February 26, 2024, Robert Zrallack and RJZ Holdings LLC (the “Plaintiffs”) filed suit against Aurai LLC, ConnectM Florida RE LLC, and Florida Solar Products, Inc., wholly owned subsidiaries of the Company, in the Circuit Court for the 19th Judicial Circuit (St. Lucie County, Florida). In this suit, the plaintiffs allege various contract claims arising out of a transaction under which Aurai acquired Florida Solar Products, Inc. from Mr. Zrallack in 2022 and ConnectM Florida RE LLC acquired certain real estate from RJZ Holdings LLC in 2022 from which Florida Solar Products operates. Specifically, the plaintiffs allege breach of the stock purchase agreement and certain promissory notes in connection with the purchase of Florida Solar Products, Inc. and the related real estate, as well as breach of a services agreement with Mr. Zrallack. The Company believes the Plaintiffs’ claims have no merit and plans to assert counterclaims against the Plaintiffs in connection with the underlying transactions. The Company is defending itself in this matter. Currently, the Company prevailed on a motion to compel arbitration, so the lawsuit is stayed, and the Court ordered the entire case to arbitration. On August 02, 2024, Benjamin Securities, Inc (“Benjamin”) has commenced a lawsuit against the ConnectM Parties in the Supreme Court of the State of New York, County of New York, bearing Index No. 157042//2024 (the “Litigation”). On June 26, 2024, the Company and Benjamin entered into certain Capital Markets Advisory Agreement with an amendment on July 12, 2024. In the lawsuit, Benjamin claimed that the Company agreed but failed to pay Benjamin as contractually required. Subsequently on October 2, 2024, the Company and Benjamin reached a settlement agreement for the Company to meet its contractual obligation. This amount has been accrued as of September 30, 2024 and is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Advisory Services Agreement On July 16, 2024, the Company entered into a Capital Markets Advisory Agreement with Roth Capital Partners, LLC (“Roth Capital”), pursuant to which for a period of twelve months (the “Engagement Period”), Roth will provide CNTM with capital markets advisory services (the “Capital Markets Advisory”). These services include, but are not limited to, providing advice to CNTM relating to developing a short- and long-term capital market strategy, analyzing anticipated capital requirements as they relate to the valuation of CNTM, and developing strategic institutional investor relationships. The Company agreed to pay Roth Capital $1.5 million for the Engagement Period in cash or stock at $2.50 per share, of which $0.3 million is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Amended and Restated Registration Rights Agreement On the Closing Date, the Company entered into the Amended and Restated Registration Rights Agreement (the “A&R Registration Rights Agreement”) with the Sponsor, certain prior stockholders of the Company, certain stockholders of Legacy ConnectM, the Company’s officers, directors and holders of 10% or more of the Company’s common stock (all such counterparties, collectively, the “Reg Rights Holders”). The A&R Registration Rights Agreement amended and restated the Company’s Registration Rights Agreement dated May 10, 2022 (the “IPO Registration Rights Agreement”). Pursuant to the A&R Registration Rights Agreement, the Company will, within 30 days after the Closing, file with the SEC (at the Company’s sole cost and expense) a registration statement registering the resale of certain securities held by or issuable to the Reg Rights Holders (the “Resale Registration Statement”), and the Company will use its reasonable best efforts to have the Resale Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) sixty (60) calendar days after the filing thereof (or, in the event the SEC reviews and has written comments to the Resale Registration Statement, the ninetieth (90th) calendar day following the filing thereof) and (ii) the third (3rd) business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Resale Registration Statement will not be “reviewed” or will not be subject to further review. In certain circumstances, the Reg Rights Holders can demand the Company’s assistance with underwritten offerings and block trades, and the Reg Rights Holders will be entitled to certain piggyback registration rights. Contingent Consideration On August 5, 2024, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (“Seller”), for the purposes of ConnectM acquiring from the Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (“DeliveryCircle”). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for $0.5 million plus contingent consideration of $0.6 million. See Note 11 – Business Combinations – Delivery Circle ​
ConnectM Before Business Combination
COMMITMENTS AND CONTINGENCIES		NOTE 14: COMMITMENTS AND CONTINGENCIES Litigation The Company is from time to time subject to routine legal claims, proceedings, and regulatory matters, most of which are incidental to the ordinary course of its business. The Company accrues for potential liability arising from legal proceedings and regulatory matters when it is probable that such liability has been incurred and the amount of the loss can be reasonably estimated. This determination is based upon currently available information for those proceedings in which the Company is involved, taking into account its best estimate of such losses for those cases for which such estimates can be made. The Company’s estimate involve significant judgement, given the varying stages of proceedings (including issues regarding class certification and the scope of many of the claims), and the related uncertainty of the potential outcomes of these proceedings. In making determinations of the likely outcome of pending litigation, the Company considers many factors, including, but not limited to, the nature of the claims, the Company’s experience with similar types of claims, the jurisdiction in which the matter is filed, input from outside legal counsel, the likelihood of resolving the matter through alternative mechanisms, the matter’s current status and the damages sought or demands made. Accordingly, the Company’s estimate will change from time to time, and actual losses could be more or less than the current estimate. As of December 31, 2023 and 2022, there are no matters for which a reserve is required to be established. On February 26, 2024, Robert Zrallack and RJZ Holdings LLC (the “Plaintiffs”) filed suit against Aurai LLC, ConnectM Florida RE LLC, and Florida Solar Products, Inc., wholly owned subsidiaries of the Company, in the Circuit Court for the 19th Judicial Circuit (St. Lucie County, Florida). In this suit, the plaintiffs allege various contract claims arising out of a transaction under which Aurai acquired Florida Solar Products, Inc. from Mr. Zrallack in 2022 and ConnectM Florida RE LLC acquired certain real estate from RJZ Holdings LLC in 2022 from which Florida Solar Products operates. Specifically, the plaintiffs allege breach of the stock purchase agreement and certain promissory notes in connection with the purchase of Florida Solar Products, Inc. and the related real estate, as well as breach of a services agreement with Mr. Zrallack. The Company believes the Plaintiffs’ claims have no merit and plans to assert counterclaims against the Plaintiffs in connection with the underlying transactions. The Company is defending itself in this matter.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
FAIR VALUE MEASUREMENTS	NOTE 11 — FAIR VALUE MEASUREMENTS The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below: Level I — Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level II — Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in inactive markets; inputs other than quoted market prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. Level III — Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. The Company effectuates transfers between levels of the fair value hierarchy, if any, as of the date of the actual circumstance that caused the transfer. Debt The Company evaluated whether any of the embedded features associated with the different Convertible Notes issued throughout 2022 required bifurcation as a separate component of equity. The Company elected the fair value option (FVO) under ASC Topic 825- Financial Instruments The fair value of the convertible notes issued throughout 2022 and 2023 were measured using unobservable inputs through June 30, 2024. The most significant of which was the discount rate, which was determined to be 15%. The convertible notes converted into shares of common stock on July 12, 2024. These shares were post business combination and were publicly traded. Therefore, the value of the shares that they converted into was based on the publicly traded price at the time of the conversion. The change in fair value of the convertible notes for the three and nine months ended September 30, 2024 and 2023 was a loss of $1.4 million and a loss of $1.6 million, respectively. The change in fair value of the convertible notes for the three and nine months ended September 30, 2023 were a gain of $84 thousand and $0.2 million, respectively. The 2024 Convertible Notes are convertible at the option of the holder into shares of the Company’s common stock at a conversion price of $1.00 per share. The number of shares issuable upon conversion is determined by dividing the sum of the outstanding principal and accrued interest by the conversion price. The conversion option is exercisable until 90 days from issuance. The 2024 Convertible Notes may be prepaid in full or in part by the Company at any time without penalty. The Company valued these notes by weighting two possible outcomes. The first outcome is the probability that the note is paid out in cash at maturity. The second outcome is the probability that there will be a voluntary conversion within the first 90 days. As of September 30, 2024, the Company determined a probability of 70% that there will be a voluntary conversion. To determine the value at maturity, the Company used a discounted cash flow model using a discount rate of 20%. To determine the value of a voluntary conversion, the Company used a black-scholes model. The key inputs to the black-scholes model are as follows: ● Stock price of $1.15 based on the publicly traded stock price of the Company ● Exercise price of $1.00 based on the conversion price per the note ● A remaining term of 0.25 years based on the note ● A risk free rate of 4.40% based on comparable treasury securities ● Annualized volatility of 37.17% based on comparable public companies The fair value as of September 30, 2024 was determined to be $0.8 million. Within five days of the maturity date of the EFH Convertible Note, the Company may elect to convert the EFH Convertible Note into shares of common stock of the Company based on the 5-day trailing volume weighted average price of the Company’s common stock at the maturity date of the EHF Convertible Note (subject to compliance with applicable rules of the Nasdaq Stock Market). The Company elected to record the EHF Convertible Note at fair value and determined that the conversion approximates the fair value of the stock, and therefore is not subject to remeasurement at each reporting period. As of September 30, 2024, there is $3.63 million outstanding on the convertible note. The Company’s PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are carried at historical cost. The fair value of the PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are estimated using widely accepted valuation techniques, including discounted cash flow analyses using available market information on discount and borrowing rates with similar terms, maturities, and credit ratings. Accordingly, the Company used Level 2 inputs for these debt instrument fair value estimates. Forward Purchase Agreement The fair value of the liability pre-modification when it was assumed on July 12, 2024 and immediately before modification on August 2, 2024, was determined using a black-scholes model. Both valuations were based on the actual numbers of shares purchased by Meteora under the agreement, which was 3,288,466. The significant inputs to the model as of July 12, 2024 and August 2, 2024 are noted in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 12, 2024 August 2, 2024 Term ​ 3.00 ​ ​ 2.94 ​ Stock price ​ $ 3.54 ​ $ 0.78 ​ Exercise price ​ $ 13.36 ​ $ 13.36 ​ Volatility ​ ​ 46.00 % ​ 80.00 % Risk-free rate ​ ​ 4.20 % 3.71 % Dividends rate ​ ​ 0.00 % 0.00 % ​ The key inputs in the above table are based on the following: ● Term — this is the remaining term to maturity in the agreement ● Exercise Price — the redemption price of the Company’s common shares at closing of the Business Combination ($ 11.36 ) plus $ 2.00 per the terms of the agreement ● Stock Price — this is based on the adjusted close of our common stock. ● Volatility — this is based on comparable public companies ● Risk Free Rate — this is based on treasury securities with a similar term ● Dividends Rate — this is based on our stock’s dividend rate The fair value post modification was determined based on the probability of each settlement method. The prepayment shortfall value was calculated by taking the publicly traded stock price at the date of valuation discounting it for the 17% margin to be kept by the seller and multiplying that by the number of shares remaining outstanding under the agreement. As of August 2, 2024 and September 30, 2024, there were 3,288,466 and 2,527,805 shares outstanding in the agreement. The Company determined a probability that 85% of the outstanding shares would be settled using this method at August 2, 2024 and September 30, 2024, respectively. The Company determined the value at maturity for all outstanding shares using the Monte Carlo model. The significant inputs to the model as of August 2, 2024 and September 30, 2024 are noted in the table below. The Company determined a probability that 15% of the outstanding shares would be settled using this method at August 2, 2024 and September 30, 2024, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, 2024 September 30, 2024 Term ​ ​ 2.94 ​ ​ 2.78 Stock price ​ $ 0.78 ​ $ 1.15 ​ Volatility ​ 80.00 % 90.00 % Risk-free rate ​ 3.71 % 3.60 % Dividends rate ​ 0.00 % 0.00 % ​ The key inputs in the above table are based on the following: ​ ● Term - this is the remaining term to maturity in the agreement ● Stock Price - this is based on the adjusted close of our common stock. ● Volatility - this is based on comparable public companies ● Risk Free Rate - this is based on treasury securities with a similar term ● Dividends Rate - this is based on our stock’s dividend rate The following table provides the roll forward of forward purchase agreement: ​ ​ ​ ​ ​ Forward purchase agreement assets (liability) at December 31, 2023 $ — Forward purchase agreement asset (liability) at business combination ​ (27,530) Less cash payments from Trust ​ 37,624 Change in fair value ​ (9,399) Gain from modification ​ 1,443 Less cash received ​ (766) Change in fair value ​ 824 Forward purchase agreement asset (liability) at September 30, 2024 ​ $ 2,196 ​ Contingent consideration The fair values of the contingent consideration was estimated using Monte Carlo Simulation model, which are Level 3 fair value measurement. Significant unobservable inputs used to determine the estimated fair value of the Delivery Circle earn-out payment liability include the Delivery Circle forecasted revenue and EBITDA growth, revenue volatility, market price of risk and discount rate. An increase in the projected growth rate for net revenue results in a higher fair value for the earn-out payment liability while an increase in the discount rate results in a lower fair value for the earn-out payment liability. An increase in the market price of risk and revenue volatility results in a lower fair value. ​ The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 ​ Carrying Estimated Carrying Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward Purchase Agreement ​ $ 2,196 ​ $ 2,196 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Convertible Debt ​ $ — ​ $ — ​ $ 2,179 ​ $ 2,179 2024 Convertible Notes ​ $ 762 ​ $ 762 ​ $ — ​ $ — EFH Convertible Note ​ $ 3,630 ​ $ 3,630 ​ $ — ​ $ — Contingent consideration ​ $ 576 ​ $ 576 ​ $ — ​ $ — ​ The carrying values of cash and cash equivalents, accounts payable, accrued expenses, amounts included in other current assets, and current liabilities that meet the definition of a financial instrument, approximate fair value due to their short-term nature.
ConnectM Before Business Combination
FAIR VALUE MEASUREMENTS		NOTE 15: FAIR VALUE MEASUREMENTS The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below: Level I — Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level II — Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in inactive markets; inputs other than quoted market prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. Level III — Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. The Company effectuates transfers between levels of the fair value hierarchy, if any, as of the date of the actual circumstance that caused the transfer. Debt The Company evaluated whether any of the embedded features associated with the different Convertible Notes issued throughout 2022 required bifurcation as a separate component of equity. The Company elected the fair value option (FVO) under ASC Topic 825- Financial Instruments accumulated other comprehensive income in the consolidated balance sheets. All other changes in fair value were recognized in the consolidated statements of operations. The fair value of the different convertible notes issued throughout 2022 are measured quarterly using unobservable inputs, the most significant of which was the discount rate, which was determined to be 15%. The change in fair value of the different convertible notes for year ended December 31, 2023 and 2022 was $25,446 and $45,869, respectively, and was recorded within “Other income, net” within the consolidated statement of operations and comprehensive loss. The Company’s PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are carried at historical cost. The fair value of the PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are estimated using widely accepted valuation techniques, including discounted cash flow analyses using available market information on discount and borrowing rates with similar terms, maturities, and credit ratings. Accordingly, the Company used Level 2 inputs for these debt instrument fair value estimates. The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a non-recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Amount Fair Value Amount Fair Value Secured Promissory Notes ​ $ 7,140,000 ​ $ 6,737,792 ​ $ 1,900,000 ​ $ 1,457,711 Libertas ​ 1,938,257 ​ 1,794,682 ​ — ​ — SBA Loans ​ 768,956 ​ 254,614 ​ 775,000 ​ 215,424 PPP Loan ​ 59,350 ​ 53,750 ​ 100,740 ​ 81,568 Vehicle Notes ​ 497,957 ​ 395,887 ​ 281,003 ​ 208,491 Seller and Real Estate Notes ​ 2,443,765 ​ 2,121,626 ​ 3,098,493 ​ 2,407,799 Related Party Notes ​ 85,437 ​ 67,822 ​ 85,822 ​ 58,409 Total ​ $ 13,203,722 ​ $ 11,426,173 ​ $ 6,241,058 ​ $ 4,429,402 ​ The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Amount Fair Value Amount Fair Value Convertible Debt ​ $ 2,178,685 ​ $ 2,178,685 ​ $ 1,304,131 ​ $ 1,304,131 ​ The carrying values of cash and cash equivalents, accounts payable, accrued expenses, amounts included in other current assets, and current liabilities that meet the definition of a financial instrument, approximate fair value due to their short-term nature.

CONVERTIBLE PREFERRED SHARES

CONVERTIBLE PREFERRED SHARES	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
CONVERTIBLE PREFERRED SHARES	NOTE 16: CONVERTIBLE PREFERRED SHARES Convertible preferred shares as of December 31, 2023 and 2022 consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Shares Issued ​ ​ ​ ​ ​ Authorized and Outstanding Issuance Price Carrying Value Series Seed ​ 644,030 ​ 644,030 ​ $ 3.42 ​ $ 2,200,000 Series Seed-1 91,120 91,120 ​ 3.21 ​ 292,625 Series A-1 743,068 743,068 ​ 4.30 ​ 3,195,192 Series B-1 649,843 649,843 ​ 6.13 ​ 3,983,538 Series B-2 389,105 299,730 ​ 7.71 ​ 2,310,929 Total 2,517,166 2,427,791 ​ ​ ​ $ 11,982,284 ​ The holders of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 convertible preferred shares have various rights and preferences as follows: Voting Each share of convertible preferred stock has voting rights equal to an equivalent number of shares of common stock into which it is convertible and votes together as one class with the common stock. Dividends The holders of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares shall be entitled to receive, out of any funds legally available, noncumulative dividends prior and in preference to any dividends paid on the common stock. Dividends cannot be paid to the holders of common stock until the holders of the Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares then outstanding shall first receive, or simultaneously receive, a dividend on each outstanding share of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares in an amount at least equal to (i) in the case of a dividend on Common Stock or any class or series that is convertible into common stock, that dividend per share of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares as would equal the product of (A) the dividend payable on each share of such class or series determined, if applicable, as if all shares of such class or series had been converted into Common Stock, and (B) the number of shares of common stock issuable upon conversion of a share of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares, in each case calculated on the record date, or, (ii) in the case of a dividend on any class or series that is not convertible into common stock, at a rate per share of preferred shares determined by (A) dividing the amount of the dividend payable on each share of such class or series of capital stock by the original issuance price of such class or series of capital stock, and (B) multiplying such fraction by an amount equal to the original issuance price of the Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares. Liquidation Preference In the event of a voluntary or involuntary liquidation, dissolution or winding up of the Company or the incurrence of a deemed liquidation event, the holders of shares of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares then outstanding will be entitled to be paid out of the assets of the Corporation available for distribution to its stockholders before any payment shall be made to the holders of Common Stock by reason of their ownership thereof, an amount per share equal to the greater of (i) the original issuance price for such share of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares plus any dividends declared but unpaid thereon, or (ii) such amount per share as would have been payable had all shares been converted into common stock. If, upon a liquidation event, the assets of the Corporation available for distribution to its stockholders are insufficient to pay the holders of shares of any Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares the full amount to which they are entitled, the holders of the Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares shall share ratably in any distribution of the assets available for distribution in proportion to the respective amounts which would otherwise be payable with respect of the shares held by them upon such distribution. Redemption Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 preferred shares of convertible preferred shares are only redeemable upon a change in control. Conversion Each share of preferred stock is convertible at the option of the holder, at any time after the date of issuance of such share, into shares of common stock as is determined by dividing the original purchase price of preferred stock by the conversion price in effect at the time of conversion for such series of preferred stock. The conversion price per share of Series Seed, Series Seed-1, Series A-1, Series B-1, and Series B-2 convertible preferred shares shall be equal to the preferred share conversion price defined by the Company’s certificate of incorporation, as amended. Each share of preferred stock will automatically be converted into shares of common stock at the then-effective conversion rate of such shares upon the earlier of (i) the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, covering the offer and sale of common stock of the Company to the public (ii) the consent of holders of at least a majority of the then-outstanding shares of preferred stock, voting together as a single class on an as-converted basis.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
STOCKHOLDERS' DEFICIT	NOTE 12 — STOCKHOLDERS’ DEFICIT Common Stock Immediately following the Closing, the Company’s authorized capital stock consisted of 110,000,000 shares of capital stock, $0.0001 par value per share, consisting of 100,000,000 shares of Common Stock and 10,000,000 shares of preferred stock, $0.0001 par value outstanding outstanding Warrants In connection with the issuance of the Secured Promissory Note in 2022, The Company issued certain equity classified warrants (“equity warrants”). The fair value of these warrants was $82,261 at the time of issuance. The warrants have an exercise price of $3.61 and expire on February 22, 2032. The warrants are exercisable into one Class A Common share Upon the Merger, each outstanding warrant to purchase shares of Legacy ConnectM Common stock was converted into a warrant to purchase shares of ConnectM Common Stock equal to the number of shares subject to such warrant prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. Each warrant to purchase shares of ConnectM common stock will otherwise be subject to the same terms as the Legacy ConnectM warrants prior to such conversion. Monterey Acquisition Corp issued 12,990,000 warrants to the original investors. These warrants were assumed in the Business Combination. The warrants expire 5 years from the date of the business combination. The warrants have an exercise price of $11.50 entitle the holder to purchase one share of common stock. A summary of warrants activity is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ average ​ Remaining ​ ​ ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Warrants ​ Price ​ Life ​ Value Outstanding at December 31, 2023 77,494 ​ $ 3.61 8.15 — Granted — ​ — — — Assumed in Business Combination 12,990,000 ​ 11.50 Exercised — ​ — — — Cancelled/Forfeited — ​ — — — Outstanding at September 30, 2024 13,067,494 ​ $ 11.45 4.80 — ​
ConnectM Before Business Combination
STOCKHOLDERS' DEFICIT		NOTE 17: STOCKHOLDERS’ DEFICIT Common Stock The number of shares of Common Stock authorized as of December 31, 2023, and 2022 was 5,000,000. The amount issued and outstanding at December 31, 2023 and 2022 was 1,588,141 and 1,551,395, respectively. Shares of Class A Common Stock have voting rights. Warrants In connection with the issuance of the Secured Promissory Note in 2022, The Company issued certain equity classified warrants (“equity warrants”). The fair value of these warrants was $82,261 at the time of issuance. The warrants have an exercise price of $12.00 and expire on February 22, 2032. The warrants are exercisable into one Class A Common share. As of December 31, 2023 and 2022, there were 23,332 equity warrants outstanding. A summary of warrants activity is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average ​ ​ ​ ​ ​ ​ Weighted-average ​ Remaining ​ Intrinsic ​ Warrants Exercise Price Contractual Life Value Outstanding and vested at December 31, 2022 ​ 23,332 ​ $ 12.00 ​ 9.15 ​ ​ — Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding and vested at December 31, 2023 23,332 ​ $ 12.00 8.15 ​ $ — ​ ​

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
STOCK BASED COMPENSATION	NOTE 13 — STOCK BASED COMPENSATION On March 22, 2019, the Company re-domesticated as a Corporation incorporated in the state of Delaware. Concurrent with the re-domestication as a Delaware Corporation, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “Plan”) in May of 2019 to encourage employees and other persons or entities who, in the opinion of the Board, are in a position to contribute significantly to the success of the Company and its affiliates to enter into and to maintain continuing long-term relationships with the Company. The purpose of the Plan is to reward Participants for the completion of specific projects or discrete periods of Service which may fall between consecutive vesting periods of any Award granted under the Plan. The Plan is administered by the Board of Directors of the Company, which, under the terms of the Plan, has the authority to adopt, alter, and repeal any administrative rules, guidelines, and practices governing the operation of the Plan. Under the Plan, the persons eligible to receive Incentive Units, defined as either incentive stock options or restricted stock, under the Plan shall be the directors, executive officers, employees, consultants, advisers, independent contractors and other service providers of the Company and its affiliates. Participants need not be individuals or employees of the Company or an affiliate of the Company. Under the Plan, Awards may be granted in respective of up to 753,947 total incentive units. Incentive units issued under the Plan may consist in whole or in part of authorized but unissued Shares or treasury Shares. Subject to the terms and provisions of the Plan, the Board may award incentive stock options and determine the number of shares subject to each stock option, the exercise price, the term of the stock option, and any other conditions and limitations applicable to the exercise of the stock option and the holding of any shares acquired upon exercise of the stock option. Under the Plan, the Board may also award shares of restricted stock and determine the purchase price, if any. The Board may modify or waive any restrictions, terms, and conditions with respect to any restricted stock. Shares of restricted stock may be issued for such consideration, if any, as is determined by the Board, subject to applicable law. Upon the Merger, each outstanding option to purchase shares of Legacy ConnectM Common stock was converted into an option to purchase shares of ConnectM Common Stock equal to the number of shares subject to such option prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. There were no incentive units issued under the Plan during the nine months ended September 30, 2024 or 2023. A summary of activity under the Plans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ ​ average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Life ​ Value Outstanding at December 31, 2023 473,929 ​ $ 0.70 5.24 ​ $ 666,860 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at September 30, 2024 473,929 ​ $ 0.70 4.49 ​ $ 263,882 Vested and exercisable at September 30, 2024 470,601 ​ $ 0.69 4.48 ​ $ 263,882 ​
ConnectM Before Business Combination
STOCK BASED COMPENSATION		NOTE 18: STOCK BASED COMPENSATION On March 22, 2019, the Company re-domesticated as a Corporation incorporated in the state of Delaware. Concurrent with the re-domestication as a Delaware Corporation, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “Plan”) in May of 2019 to encourage employees and other persons or entities who, in the opinion of the Board, are in a position to contribute significantly to the success of the Company and its affiliates to enter into and to maintain continuing long-term relationships with the Company. The purpose of the Plan is to reward Participants for the completion of specific projects or discrete periods of Service which may fall between consecutive vesting periods of any Award granted under the Plan. The Plan is administered by the Board of Directors of the Company, which, under the terms of the Plan, has the authority to adopt, alter, and repeal any administrative rules, guidelines, and practices governing the operation of the Plan. Under the Plan, the persons eligible to receive Incentive Units, defined as either incentive stock options or restricted stock, under the Plan shall be the directors, executive officers, employees, consultants, advisers, independent contractors and other service providers of the Company and its affiliates. Participants need not be individuals or employees of the Company or an affiliate of the Company. Under the Plan, Awards may be granted in respective of up to 227,000 total incentive units. Incentive units issued under the Plan may consist in whole or in part of authorized but unissued Shares or treasury Shares. Subject to the terms and provisions of the Plan, the Board may award incentive stock options and determine the number of shares subject to each stock option, the exercise price, the term of the stock option, and any other conditions and limitations applicable to the exercise of the stock option and the holding of any shares acquired upon exercise of the stock option. Under the Plan, the Board may also award shares of restricted stock and determine the purchase price, if any. The Board may modify or waive any restrictions, terms, and conditions with respect to any restricted stock. Shares of restricted stock may be issued for such consideration, if any, as is determined by the Board, subject to applicable law. During the years ended December 31, 2023 and 2022, the Company recognized share-based compensation expense of approximately $407 and $11,994, respectively. As of December 31, 2023 and 2022, there were a total of 142,692 options issued under the plan. As of December 31, 2023, the share-based compensation expense remaining on all incentive units granted under the Plan is approximately $700. There were no incentive units issued under the Plan during the years ended December 31, 2023 or 2022. A summary of activity under the Plans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Aggregate ​ ​ ​ ​ Weighted-average ​ Remaining ​ Intrinsic ​ ​ Options ​ Exercise Price ​ Contractual Life ​ Value Outstanding at December 31, 2022 ​ 142,692 ​ $ 2.33 ​ 6.24 ​ $ 768,171 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at December 31, 2023 142,692 ​ $ 2.33 5.24 ​ $ 666,860 Vested and exercisable at December 31, 2023 139,283 ​ $ 2.23 5.22 ​ $ 664,474 ​ ​

MERGER AGREEMENT

MERGER AGREEMENT	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
MERGER AGREEMENT	NOTE 19: MERGER AGREEMENT On December 31, 2022, the Company, entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Monterey Capital Acquisition Corporation (“MCAC”) and Chronos Merger Sub, Inc., a Delaware corporation incorporated on December 28, 2022 and a wholly owned subsidiary of MCAC (“Merger Sub”). Pursuant to the terms and conditions of the Merger Agreement, a business combination between MCAC and ConnectM will be effected through the merger of Merger Sub with and into ConnectM, with ConnectM surviving the merger as a wholly owned subsidiary of MCAC (the “Merger”). As a result of the Merger, among other things, each share of ConnectM common stock, par value $0.0001 per share, and ConnectM preferred stock, par value $0.0001 per share (but excluding shares the holders of which perfect rights of appraisal under Delaware law), will be converted into the right to receive such number of shares of common stock, par value $0.0001 per share, of MCAC common stock as calculated based on the Exchange Ratio as set forth in the Merger Agreement. “Exchange Ratio” is defined in the Merger Agreement to be the quotient of (a) the merger consideration, divided by (b) the number of shares of ConnectM capital stock outstanding as of immediately prior to the Effective Time, including any shares underlying outstanding warrants to purchase ConnectM Common Stock and excluding any shares of ConnectM capital stock held in treasury by ConnectM. The Merger Consideration is 14,500,000 shares of MCAC Common Stock, subject to an upward adjustment depending on the extent to which MCAC’s transaction expenses (as defined in the Agreement and Plan of Merger) exceed $8,000,000. Consummation of the transactions contemplated by the Merger Agreement are subject to satisfaction or waiver of customary conditions of the respective parties, including receipt of required regulatory approvals, receipt of approval from shareholders of each of the company and ConnectM for consummation of the Merger and certain other actions related thereto by our shareholders. The Merger Agreement may be terminated prior to the time at which the Merger becomes effective as follows: (i) by mutual written consent of MCAC and ConnectM, (ii) by either MCAC or ConnectM if the Merger is not consummated on or before November 13, 2024, provided that the failure to consummate the Merger by the Outside Date is not due to a material breach by the party seeking to terminate and which such breach is the proximate cause for the conditions to close not being satisfied, (iii) by either MCAC or ConnectM if the other party has breached any of its covenants or representations and warranties such that closing conditions would not be satisfied at the consummation of the business combination (subject to a 30-day shall have publicly withdrawn, modified, withheld or changed its recommendation to vote in favor of the Merger and other proposals, if such notice is given by ConnectM within 15 business days after such action (or inaction) by the Board. In the event the Merger Agreement is terminated in certain of the circumstances described above, MCAC will be obligated to reimburse ConnectM for up to $1,200,000 of its transaction expenses. See Note 21: Due From Monterey Capital Acquisition Corporation.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
RETIREMENT PLANS	NOTE 20: RETIREMENT PLANS Beginning in January 2023, the Company maintains a defined contribution plan under Section 401(k) of the Internal Revenue Code and a defined contribution plan for employee’s individual retirement arrangements (IRA’s). Employees may contribute between 1% and 100% of their wages, subject to the IRS limitations. The Company has elected to make matching contributions of 100% of the first 3% of an employee’s compensation for both defined contribution plans. For the year ended December 31, 2023, the Company contributed $77,138.

DUE FROM MONTEREY CAPITAL ACQUI

DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION	NOTE 15 — DUE TO RELATED PARTY As part of the Business Combination, the Company assumed certain related party payables with the Sponsor of Monterey Acquisition Corp. These payables comprise the Due to Related Party on the unaudited condensed consolidated balance sheet. The first type of payable assumed are working capital loans that the Sponsor provided to Monterey Acquisition Corp. These working capital loans are due on demand and carry no interest. They are convertible into warrants at $1.00. The warrants would have a 5 year term and an exercise price of $11.50. The amount assumed in the Business Combination was $0.4 million. As of September 30, 2024, there was $0.4 million outstanding. The second type of payable assumed are two unsecured promissory notes with the Sponsor for a combined principal amount of $65 thousand. The notes are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $65 thousand. As of September 30, 2024, the notes had an outstanding principal balance of $65 thousand. The third type of payable assumed was monies advanced to Monterey Acquisition Corp. by the Sponsor for administrative support. These advances are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $0.1 million. As of September 30, 2024, the notes had an outstanding principal balance of $0.1 million. The total due for these payables as of September 30, 2024 was $0.6 million.
ConnectM Before Business Combination
DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION		NOTE 21: DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION On May 9, 2023, the Company remitted funds to MCAC to extend the period of time to consummate its Business Combination by three On August 11, 2023, the Company further remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional three months On November 9, 2023, the Company further remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional one-month period from November 13, 2023 to December 13, 2023, pursuant to the deposit of $325,715 to the Trust of MCAC by the Company. On December 11, 2023, the Company further remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional one-month period from December 13, 2023 to January 13, 2024 pursuant to a deposit of approximately $325,716 into the Trust Account of MCAC by the Company. The Company recognized assets totaling in the amount of $651,430 in connection with these fundings provided to MCAC.

SUBSEQUENT EVENTS_2

SUBSEQUENT EVENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through December 13, 2024, the date at which the financial statements were available to be issued, and determined there were no items to disclose other than the following items: In October and November, the Company refinanced an existing sale of future receipts. Pursuant to this agreement, the Company sold and assigned $0.9 million of future receipts and paid off an existing balance of $0.3 million in exchange for net cash proceeds of $0.5 million. Under this agreement, the Company agreed to pay the third party sales receipts until the future receipts have been collected. As on October 09, 2024, ConnectM entered into a Purchase Agreement with the owners of Green Energy Gains, whereby the Company has acquired all of the issued and outstanding capital stock of GEG in an all-stock transaction. The Green Energy Gains operating model includes home energy assessments (HEA) and modeling, and identification of weatherization opportunities for the home in order to reduce the homeowner’s utility bills. ConnectM’s core business model relies on an inorganic growth strategy. Green Energy Gains, as a strategic acquisition, strengthens ConnectM’s portfolio and is expected to expand the customer base for its proprietary electric heat pump, offering a suitable solution for homeowners after no cost home energy assessments. In October 2024, the Company received an additional $1.1 million in exchange for four convertible promissory notes as of the date of issuance of the financial statements. The Convertible Notes bears an annual interest of 20% and shall be due and payable in April 2025. On November 19, 2024, the Company approved the conversion of 6,719,742 shares for the price of $13.8 million of the Company’s outstanding debt into shares of common stock, par value $0.0001 per share of the Company at an average conversion price of $2.045 per share.
ConnectM Before Business Combination
SUBSEQUENT EVENTS		NOTE 22: SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through March 21, 2024, the date the financial statements were available to be issued, and determined there were no items to disclose other than the following items: Libertas (Sale of Future Receipts) On January 4, 2024, the Company entered into a sale of Future Receipts agreement with Libertas Funding, LLC, an independent third party. This transaction is similar to those listed above in Note 12: Debt. Pursuant to this agreement, the Company sold and assigned $451,500 of Future Receipts in exchange for net cash proceeds of $343,000. Under the agreement, the Company agreed to pay the third party a minimum of $8,958 of weekly sales receipts until the Future Receipts have been collected for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Future Receipts can be defined as any sales the Company completes in the normal course of business and include, among other things, payments by cash, physical or electronic checks, credit cards, charge cards, debit cards, other payment cards, ACH or other electronic payments, and any other form of funds transfer or payment. On January 30, 2024, the Company entered into an additional agreement with Libertas Funding, LLC. This transaction was to consolidate all previous agreements into one master agreement. In this master agreement, the Company sold and assigned $2,600,000 of Future Receipts in exchange for net cash proceeds of $2,077,011. Under the agreement, the Company agreed to pay the third party a minimum of $51,587 of weekly sales receipts until the Future Receipts have been collected for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Future Receipts can be defined as any sales the Company completes in the normal course of business and include, among other things, payments by cash, physical or electronic checks, credit cards, charge cards, debit cards, other payment cards, ACH or other electronic payments, and any other form of funds transfer or payment. Due From MCAC On January 8, 2024, the Company remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional one-month period from January 13, 2024 to February 13, 2024 pursuant to a deposit of $325,715 to the Trust Account of MCAC by the Company. On February 10, 2024, the Company remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional one-month period from February 13, 2024 to March 13, 2024 pursuant to a deposit of $325,715 to the Trust Account of MCAC by the Company. On March 10, 2024, the Company remitted funds to MCAC to extend the period of time to consummate its Business Combination by an additional one-month period from March 13, 2024 to April 13, 2024 pursuant to a deposit of $325,715 to the Trust Account of MCAC by the Company.

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Basis of Presentation	Significant Accounting Policies There have been no changes to our significant accounting policies described within the Notes to the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Certain required disclosures relating to our significant accounting policies are disclosed below.
Net Loss Per Share	Net Loss Per Share EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s unaudited condensed consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the three and nine months ended September 30, 2024 and 2023, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494
Goodwill	Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles-Goodwill and Other
Recently Adopted Accounting Guidance	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in ASU 2016-13 added Topic 326, Financial Instruments—Credit Losses Financial Instruments— Credit Losses—Available-for-Sale Debt Securities
ConnectM Before Business Combination
Basis of Presentation		Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications		Reclassifications Certain prior period amounts have been reclassified to conform to the current year presentation.
Use of Estimates		Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Management believes that its most significant estimates and assumptions have been based on reasonable and supportable assumptions and the resulting estimates are reasonable for use in the preparation of the consolidated financial statements. The Company’s significant estimates include purchase price allocations for business combinations, the valuation of equity based financial instruments, analysis of the recoverability of goodwill and long-lived assets, and the fair value of convertible debt. If the underlying estimates and assumptions upon which the consolidated financial statements are based change in the future, actual amounts may differ from those included in the accompanying consolidated financial statements.
Comprehensive Loss		Comprehensive Loss Comprehensive loss consists of two components, net loss and other comprehensive income, net of tax. The Company’s other comprehensive loss consists of foreign currency translation adjustments that result from consolidation of its foreign subsidiary.
Net Loss Per Share		Net Loss Per Share The Company computes earnings per share using the two-class method. The two-class method of computing Net Loss Per Share (“EPS”) is an earnings allocation formula that determines EPS for common stock and any participating securities according to dividends declared and participation rights in undistributed earnings. The Company has six classes of participating securities outstanding, common stock, Series Seed Convertible Preferred Shares, Series Seed-1 Convertible Preferred Shares, Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, and Series B-2 Convertible Preferred Shares. The different series of the Company’s Convertible Preferred Stock has the same rights as the Company’s common stock, other than being convertible into shares of common stock on a 1-for-1 ratio and preferences as further discussed in Note 16: Convertible Preferred Shares. Under the two-class method, the Company’s issued and outstanding Convertible Preferred Stock is considered a separate class of stock for EPS purposes. During periods of loss, there is no allocation required under the two-class method due to there being no distributed earnings for the period coupled with the fact that the Company’s Convertible Preferred Stock do not contain a contractual right to absorb losses. Thus, all undistributed losses should be allocated entirely to the Company’s outstanding common stock. EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the years ended December 31, 2023 and 2022, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 142,692 ConnectM Warrants 23,332 ​ 166,024
Cash		Cash Cash is held by financial institutions and are federally insured up to certain limits. At times, the Company’s cash balance exceeds the federally insured limits. The total uninsured cash and cash equivalents balance as of December 31, 2023 and 2022 was $113,897 and $1,133,028, respectively.
Accounts Receivable and Allowance for Credit Losses		Accounts Receivable and Allowance for Credit Losses Accounts receivable are carried at original invoice amount, less any estimate made for doubtful accounts or credit losses. The allowance for credit losses is the Company’s best estimate of the amount of expected credit losses in the Company’s existing receivables over the contractual term. We evaluate our exposure to credit loss on both a collective and individual basis. We evaluate such receivables on an individual customer basis and take into account any relevant available information, which begins with historical credit loss experience and consideration of current and expected conditions and market trends (such as general economic conditions, other microeconomic and macroeconomic considerations, etc.) and reasonable and supportable forecasts that could impact the collectability of such receivables over the contractual term individually or in the aggregate. Changes in circumstances relating to these factors may result in the need to increase or decrease our allowance for credit losses in the future. The allowance for credit losses was $0 as of December 31, 2023 and December 31, 2022.
Revenue Recognition		Revenue Recognition The Company follows the guidance of Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers ● Identification of the contract with a customer ● Identification of the performance obligations in the contract ● Determination of the transaction price ● Allocation of the transaction price to the performance obligations in the contract ● Recognition of revenue when, or as, the Company satisfies a performance obligation HVAC System Services The Company generates revenue from HVAC equipment sales, as noted above, as well as through installation of the HVAC equipment and agreements that provide for various service associated with HVAC equipment the Company has sold to its customers (i.e., maintenance visits, remote technical support, etc.). The services involve a combination of labor and underlying parts cost; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue is recognized at a point in time when the customer accepts the promised goods and/or services. The Company’s revenue is generated from customers located throughout the U.S. and India. Solar System Services — Residential The Company generates revenue from solar panel services that include services such as solar panel repairs and solar panel installations. The services involve a combination of labor and underlying parts cost; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue for the Company’s Solar System Services is recognized when control transfers, which is when we install a solar system and the system passes inspection by the local authority having jurisdiction. Solar System Services — Commercial For large commercial and utility grade energy storage system installation which consist of the engineering, design and installation of the system, customers make milestone payments that are consistent with contract-specific phases of a project. Revenue from such contracts is recognized over time using the percentage of completion method based on cost incurred as a percentage of total estimated contract costs for commercial solar system services. Roofing Services The Company generates revenue through roofing services that include services including, but not limited to, roof repairs, skylight installations, or complete roof replacements. The services involve a combination of labor and inventory required to perform such services; however, these items are not separated as they are both required to achieve the end objective of providing the total service. Each transaction is a distinct performance obligation, priced on a standalone basis, which provides benefit to the customer. Revenue is recognized as the services are performed which is normally a day or less. As such, recognition over time approximates a point in time. Variable Consideration Revenue is generally recognized at transaction price. However, certain arrangements may contain clauses that can either increase or decrease the transaction price. Variable consideration is estimated at each measurement date at its most likely amount to the extent that it is probable that a significant reversal of cumulative revenue recognized will not occur and true-ups are applied prospectively as such estimates change. In reviewing agreements, the Company may offer discounts to its customers. These discounts are typically offered in a fixed percentage and are explicitly included within the Company’s contracts with its customers. These discounts are offered only as they relate to the performance obligations being satisfied in the agreement with the customer. Such discounts are known by the Company at the time of the fulfillment of the respective performance obligations and included as an adjustment to the transaction price. Recognition of Revenue and Deferred Revenue Considerations Invoice terms vary by each of the Company’s subsidiaries, but payment is typically due in thirty days or less from the invoice date. The Company is typically not contractually obligated to accept returns, except for instances of defective products, as covered by a standard assurance-type warranty. Revenues are recognized net of estimated returns, as variable consideration consists only of refunds associated with returns, which have historically been immaterial. Shipping and other transportation costs charged to customers are included in “Revenues” in the consolidated statements of operations and comprehensive loss. Shipping and handling costs are included in “Cost of revenues” in the consolidated statements of operations and comprehensive loss. Various taxes on the sale of products and services to customers are collected by the Company as an agent and remitted to the respective taxing authority. These taxes are excluded from revenue and recognized as a liability until remitted to the respective taxing authority. Contract liabilities represent payments received in advance of revenue recognition for service agreements entered into with customers. Revenue is recognized associated with such contract liabilities when the revenue recognition criteria are met in accordance with ASC 606. Both customer deposits and deferred revenue are considered contract liabilities and are presented on the consolidated balance sheets, separate from other liabilities, in “Contract liabilities.”
Limited Warranty		Limited Warranty The Company does not provide for a right of return on its goods or services. However, there is a limited warranty providing a 1-year warranty on any labor provided. Warranties are not considered separate performance obligations and costs are accrued as incurred. Based on historical experience, management has determined warranties are not material as of December 31, 2023 and 2022.
Practical Expedient		Practical Expedient The Company incurs costs to obtain contracts in the form of commissions paid to its sales personnel. The Company evaluates if the commission requires capitalization based on the earning of the commission, if the costs are embedded into the product margin, and the duration of the contract. If so determined, the Company would record an asset on the books and amortize it over the life of the contract or estimated customer life. As all projects are completed within a year, management has elected the practical expedient to expense commissions as they are incurred. Additionally, the Company incurs costs to obtain contracts in the form of commissions paid to a third party service and a third party financing Company made available to our customers. As our contract costs related to solar installations are typically fulfilled within one year, the costs to obtain a contract are expensed as incurred and are shown as Selling, general, and administrative expenses in the Consolidated Statements of Operations. The commission and financing fee expenses for the year ended December 31, 2023 and 2022 were $264,270 and $0, respectively.
Costs to Fulfill a Contract		Costs to Fulfill a Contract Certain costs to fulfill are capitalized for contracts where the transfer of goods and services will occur in the future. Typically, these capitalized costs are incurred during a setup period prior to transferring control of the good or service over time. These costs include dedicated employees and other third-party costs. Capitalized costs are assessed for recoverability at each reporting period. These costs are included in cost of revenues and are recognized in the same manner as the corresponding performance obligation. Costs to fulfill are capitalized within “Contract assets” in the consolidated balance sheet. Any costs to fulfill where the period of benefit is less than one year are expensed as incurred.
Managed Services		Managed Services Beginning in 2023, the Company entered two managed services contracts with external third parties. Under these contracts with its customers, the Company is responsible for running the day-to-day operations of these third parties, including human resources and people management, procurement, marketing, lead generation, and centralizing vendor management. The Company accounts for revenues recognized for these managed service contracts in accordance with ASC 606, Revenue from Contracts with Customers,
Foreign Currency		Foreign Currency The functional currency of ConnectM and its consolidated subsidiaries is the United States Dollar, and the functional currency of CMI is the Indian Rupee. All assets and liabilities of CMI are translated at the current exchange rate as of the end of the period and the related translation adjustments are recorded as a separate component of accumulated other comprehensive loss. Revenue and expenses are translated at average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from, or expected to result from, transactions denominated in a currency other than the United States Dollar are recognized in “Foreign currency translation adjustment” on the consolidated statements of comprehensive loss and amounted to $97,613 and $28,984 of gains for the years ended December 31, 2023 and 2022, respectively.
Property and Equipment		Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. The estimated useful lives of the assets range from 7 to 40 years. Depreciable assets retired or sold are removed from the accounts and any resulting gain or loss is reflected in income for the period. Major replacements or betterments are capitalized while maintenance and repairs are expensed as incurred. Depreciation is provided at rates based on the estimated useful lives of the assets using the straight-line method as follows: ​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Furniture and fixtures ​ 7 Machinery and equipment ​ 7 Vehicles 10 Property improvements 15 Buildings 40
Intangible Assets		Intangible Assets Intangible assets include intellectual property and internally developed software and acquired tradenames, customer relationships and non-competition agreements that are amortized over their estimated useful lives using the pattern in which the economic benefits of the asset are consumed or otherwise used. As it relates to customer relationships, that pattern is generally based upon the forecasted undiscounted cash flows established at the time of acquisition. For all other intangible assets, that pattern is generally on a straight line basis. These assets are amortized over the following estimated useful lives: ​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Customer Relationships ​ 15 Trade Names ​ 3 – 10 Noncompetition Agreements 5 Intellectual Property 3 – 15 Internally Developed Software 3
Software Capitalization		Software Capitalization The Company capitalizes certain costs associated with the development of its internal-use software after the preliminary project stage is complete and until the completion of the design, coding, installation, and testing of the software has been completed. Upgrades and enhancements are capitalized if they will result in added functionality. Capitalized costs are amortized over an expected three-year period. At the time the Company determines the software to be ready for its intended use, the post-implementation phase will begin and amortization will start. Costs incurred in the preliminary stages of development, after the software is ready for its intended use and for maintenance of internal-use software are expensed as incurred. During the years ended December 31, 2023 and 2022, the Company capitalized $35,588 and $145,590 of software development costs, respectively. Capitalized software costs could become impaired in the future because of declines in profitability due to changes in volume, market pricing, cost, manner in which an asset is used, laws and regulations, or the business environment. As of December 31, 2023 and 2022, the Company has determined that there was no impairment related to its internal-use software.
Goodwill		Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles — Goodwill and Other During the years ended December 31, 2023 and December 31, 2022, the Company recognized goodwill impairments of $157,103 and $490,736, respectively (see Note 9: Goodwill).
Investment Recorded at Cost		Investment Recorded at Cost The Company accounts for its investment in cost securities in accordance with Accounting Standards Codification (“ASC”) 321, Investments —  Cost Securities As of December 31, 2023, the Company had approximately $45,000 of an investment carried at cost, which is included in Investment, cost in the accompanying consolidated Balance Sheet. The Company makes a qualitative assessment of whether the investment in cost securities are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value, and if the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net income equal to the difference between the carrying value and fair value. Through December 31, 2023, the Company has determined that no indicators of impairment were triggered through its qualitative analysis, which utilizes external factors such as the health of the United States Stock Market, as well as information provided to the Company by the Company’s cost method investee. As such, no impairment losses were recognized for the year ended December 31, 2023.
Deferred Offering Costs		Deferred Offering Costs The Company follows the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A —  Expenses of Offering
Due from Monterey Capital Acquisition Corporation ("MCAC")		Due from Monterey Capital Acquisition Corporation (“MCAC”) The Company has recorded a note receivable relating to different advances made to MCAC throughout 2023. The Company accounts for this note receivable in accordance with ASC 310- Receivables
Impairment of Long-Lived Assets		Impairment of Long-Lived Assets Long-lived assets and finite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of the long-lived asset is measured by a comparison of the carrying amount of the asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. During the years ended December 31, 2023 and 2022, the Company recognized $24,750 and $98,563 of impairment of its intangible assets, respectively (see Note 8: Intangible Assets).
Fair Value Option ("FVO") Election		Fair Value Option (“FVO”) Election The Company accounts for certain convertible debt obligations outstanding under the fair value option election of ASC Topic 825 — Financial Instruments The Company’s convertible debt (see Note 12: Debt), which is accounted for under the FVO election, are debt host financial instruments containing embedded features, some of which would otherwise be required to be bifurcated from the debt-host and recognized as separate derivative liabilities subject to initial and subsequent periodic estimated fair value measurements under ASC Topic 815, Derivatives and Hedging The estimated fair value adjustment, as required by ASC 825, is recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized as other income (expense) in the accompanying consolidated statements of operations. With respect to the convertible debt, the estimated fair value adjustment is presented as a $25,446 and $45,869 gain and in the change in fair value of debt within “Other income (expense)” in the accompanying consolidated statements of operations, since the change in fair value of the convertible debt payable was not attributable to instrument specific credit risk during the years ended December 31, 2023 and 2022. Interest expense is expensed as incurred and is included within interest expense in the accompanying consolidated statements of operations.
Cost of Revenues		Cost of Revenues Cost of services includes employee’s payroll and benefit costs who service customers directly through its home-installation channel and further any inventory utilized in the satisfaction of the performance obligation. It also includes any shipping and handling services for the Company’s inventory.
Selling, General and Administrative Expenses		Selling, General and Administrative Expenses Selling, general and administrative expenses include corporate administrative payroll and benefit costs, facility and leasehold improvement depreciation and utility costs, repair and maintenance, advertising, insurance, equipment depreciation and professional fees.
Advertising Expenses		Advertising Expenses Advertising expenses are expensed as they are incurred. These amounted to $691,653 and $355,349 for the years ended December 31, 2023 and 2022, respectively, and are included within selling, general and administrative expenses in the Statements of Operations.
Income Taxes		Income Taxes Income taxes are accounted for under the asset and liability method, as required by ASC Topic 740, Income Taxes tax consequences attributed to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as for tax loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The future realization of deferred tax assets depends on the existence of sufficient taxable income. If, based upon all available evidence, both positive and negative, it is more likely than not (more than 50 percent likely) such deferred tax assets will not be realized, a valuation allowance is recorded. The Company applies a recognition threshold and measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company includes only those income tax positions that have a greater than 50 percent likelihood of being sustained upon examination by the taxing authorities. The Company has not identified any uncertain income tax positions as of December 31, 2023 and 2022. The Company recognizes interest and penalties in income tax expense. The Company operates within multiple taxing jurisdictions and in the normal course of business its tax returns are examined in various jurisdictions. The reversal of the accruals for uncertain tax positions is recorded when examinations are effectively settled, statutes of limitation are closed, or tax laws are changed. We are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2019.
Stock-Based Compensation		Stock-Based Compensation The Company accounts for share-based payments in accordance with ASC Topic 718, Compensation-Stock Compensation Expected Volatility Expected Term Risk-Free Interest Rate Dividend Yield Stock Price
Warrants		Warrants Warrants are accounted for in accordance with applicable accounting guidance provided in ASC 815, Derivatives and Hedging — Contracts in Entity’s Own Equity
Noncontrolling Interest		Noncontrolling Interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810-10-45, Consolidation - Other Presentation Matters consolidated balance sheets and the consolidated net loss attributable to the noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss. Noncontrolling interest represents the portion of net book value in ACA that is not owned by the Company and is reported as a component in stockholders’ deficit on the Company’s consolidated balance sheets. Net income (loss) is allocated to the noncontrolling interest based on the Company’s noncontrolling ownership percentage held in ACA.
Recently Adopted Accounting Guidance		Recently Adopted Accounting Guidance In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (Topic 842) Targeted Improvements The Company recognizes operating lease ROU assets and operating lease liabilities in the consolidated statements of financial condition. ROU assets represent the Company’s right to use an underlying asset during the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company’s lease term includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option. ROU assets also include any advance lease payments made and are net of any lease incentives. As most of the Company’s operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. This rate was determined to be 8% during 2023 and 2022. The incremental borrowing rate is the rate of interest that the Company would expect to pay to borrow over a similar term, and on a collateralized basis, an amount equal to the lease payments in a similar economic environment. The Company utilized the following practical expedients: ● Package of practical expedients which eliminates the need to reassess (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; and (3) the initial direct costs for any existing leases. ● The practical expedient whereby the lease and non-lease components will not be separated for all classes of assets. ● Not to recognize ROU assets and corresponding lease liabilities with a lease term of 12 months or less from the lease commencement date. For existing leases, the Company did not elect the use of hindsight and did not reassess lease term upon adoption. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments Credit Losses: Measurement of Credit Losses on Financial Instruments Derivatives and Hedging Financial Instruments In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity
Recently Released Accounting Pronouncements		Recently Released Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting — Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topics 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating this ASU and does not expect the adoption of this standard to have a material impact on its consolidated financial statements and related disclosures. The Company does not believe that any other recently issued accounting pronouncements not yet adopted will have a material effect on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share	The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494
ConnectM Before Business Combination
Schedule of outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share		​ ​ ​ ​ ConnectM Stock Options 142,692 ConnectM Warrants 23,332 ​ 166,024
Schedule of estimated useful lives of the assets		​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Furniture and fixtures ​ 7 Machinery and equipment ​ 7 Vehicles 10 Property improvements 15 Buildings 40
Schedule of estimated useful lives of intangible assets		​ ​ ​ ​ ​ Estimated ​ ​ Useful Life Classification ​ (in years) Customer Relationships ​ 15 Trade Names ​ 3 – 10 Noncompetition Agreements 5 Intellectual Property 3 – 15 Internally Developed Software 3

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures by reportable segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification Decarbonization OEM/EV Services Total Revenues ​ $ 1,403 ​ $ 1,263 ​ $ 1,924 ​ $ 1,484 ​ $ 6,074 Cost of revenue ​ 873 ​ 902 ​ 1,562 ​ 863 ​ 4,200 SG&A ​ 544 ​ 260 ​ 464 ​ 560 ​ 1,828 Segment (loss) income from operations ​ (14) ​ 101 ​ (102) ​ 61 ​ 46 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 3,072 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (3,026) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV Services ​ Total Revenues ​ $ 2,328 ​ $ 1,751 ​ $ 143 ​ $ 162 ​ $ 4,384 Cost of revenue ​ 1,805 ​ 1,473 ​ 260 ​ 178 ​ 3,716 SG&A ​ 1,000 ​ 686 ​ 104 ​ 68 ​ 1,858 Segment (loss) income from operations ​ (477) ​ (408) ​ (221) ​ (84) ​ (1,190) Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 985 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (2,175) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 4,450 ​ $ 5,001 ​ $ 2,658 ​ $ 5,190 ​ $ 17,299 Cost of revenue ​ 2,719 ​ 3,365 ​ 2,055 ​ 2,871 ​ 11,010 SG&A ​ 1,846 ​ 1,583 ​ 931 ​ 2,148 ​ 6,508 Loss on impairment ​ 406 ​ — ​ — ​ — ​ 406 Segment (loss) income from operations ​ (521) ​ 53 ​ (328) ​ 171 ​ (625) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 5,265 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (5,890) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ $ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ $ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 59 ​ $ — ​ $ — ​ $ — ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 6,642 ​ $ 8,035 ​ $ 645 ​ $ 162 ​ $ 15,484 Cost of revenue ​ 4,817 ​ 5,251 ​ 774 ​ 178 ​ 11,020 SG&A ​ 3,032 ​ 2,748 ​ 496 ​ 68 ​ 6,344 Segment (loss) income from operations ​ (1,207) ​ 36 ​ (625) ​ (84) ​ (1,880) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 2,436 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (4,316) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49
Schedule of reconciliation of business segment operating loss to net loss from continuing operations before income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2024 ​ 2023 ​ 2024 2023 Reported segment operating (loss) income ​ $ 46 ​ $ (1,190) ​ $ (625) ​ $ (1,880) Unallocated corporate costs ​ (3,072) ​ ​ (985) ​ ​ (5,265) ​ (2,436) Interest expense ​ (667) ​ ​ (472) ​ ​ (1,820) ​ (902) Loss on extinguishment of debt ​ — ​ ​ — ​ ​ (592) ​ — Change in fair value of convertible notes ​ (1,623) ​ ​ 182 ​ ​ (1,623) ​ 182 Change in fair value of forward purchase agreement ​ ​ (8,575) ​ ​ — ​ ​ (8,575) ​ ​ — Gain on forward purchase agreement ​ ​ 1,443 ​ ​ — ​ ​ 1,443 ​ ​ — Other income (expense), net ​ 270 ​ ​ (149) ​ ​ 59 ​ 4 Net loss ​ $ (12,178) ​ $ (2,614) ​ $ (16,998) ​ $ (5,032) ​
ConnectM Before Business Combination
Schedule of Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures by reportable segment		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2023 ​ ​ Electrification ​ Decarbonization ​ OEM/EV ​ Managed Services ​ Total Revenues $ 8,399,427 $ 10,009,499 $ 945,406 $ 617,907 $ 19,972,239 Cost of revenue ​ 6,169,957 ​ 6,983,833 ​ 1,371,150 ​ 410,022 ​ 14,934,962 SG&A ​ 3,697,119 ​ 3,808,545 ​ 697,688 ​ 283,958 ​ 8,487,310 Loss on impairment ​ 157,103 ​ 24,750 ​ — ​ — ​ 181,853 Segment (loss) income from operations ​ (1,624,752) ​ (807,629) ​ (1,123,432) ​ (76,073) ​ (3,631,886) Unallocated corporate costs ​ 3,832,985 ​ ​ ​ ​ Consolidated loss from operations ​ (7,464,871) ​ ​ ​ ​ Total Assets as of December 31, 2023 ​ 3,034,752 ​ 3,576,655 ​ 836,954 ​ 215,315 ​ 7,663,676 Unallocated corporate assets ​ 5,492,797 ​ ​ ​ ​ ​ ​ 13,156,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ 41,771 ​ — ​ — ​ — ​ 41,771 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ ​ Electrification ​ Decarbonization ​ OEM/EV ​ Total Revenues ​ $ 8,300,061 ​ $ 6,211,517 ​ $ 929,737 ​ $ 15,441,315 Cost of revenue ​ 5,783,274 ​ 4,705,090 ​ 915,860 ​ 11,404,224 Selling, general and administrative ​ 2,936,017 ​ 1,649,804 ​ 801,170 ​ 5,386,991 Loss on impairment ​ 589,299 ​ — ​ — ​ 589,299 Segment loss from operations ​ (1,008,529) ​ (143,377) ​ (787,293) ​ (1,939,199) Unallocated corporate costs ​ ​ ​ ​ ​ 1,928,390 Consolidated loss from operations ​ ​ ​ ​ ​ (3,867,589) Assets as of December 31, 2022 ​ 3,972,307 ​ 4,322,764 ​ 2,134,948 ​ 10,430,019 Unallocated Assets as of December 31, 2022 ​ ​ ​ ​ ​ 627,786 Total assets as of December 31, 2022 ​ ​ ​ ​ ​ 11,057,805 Segment capital expenditures ​ 18,298 ​ — ​ 145,590 ​ 163,888 Unallocated capital expenditures ​ ​ ​ ​ ​ — Total capital expenditures as of December 31, 2022 ​ ​ ​ ​ ​ 163,888
Schedule of reconciliation of business segment operating loss to net loss from continuing operations before income taxes		​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2023 2022 Reported segment loss from operations ​ $ (3,631,886) ​ $ (1,939,199) Unallocated corporate costs ​ (3,832,985) ​ (1,928,390) Interest expense ​ (1,431,354) ​ (281,808) Loss on extinguishment of debt ​ (370,320) ​ — Other income ​ 67,691 ​ 65,408 Loss before income taxes ​ $ (9,198,854) ​ $ (4,083,989) Income tax benefit ​ — ​ 541,406 Net loss ​ $ (9,198,854) ​ $ (3,542,583)

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of disaggregated revenue information by geographic area	The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2024 2023 2024 2023 United States ​ $ 5,646 ​ $ 4,248 ​ $ 16,162 ​ $ 14,862 India ​ 428 ​ 136 ​ 1,137 ​ 622 Total ​ $ 6,074 ​ $ 4,384 ​ $ 17,299 ​ $ 15,484
Schedule of contract liability activity and contract asset activity	​ ​ ​ ​ ​ Balance as of December 31, 2022 $ 643 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ ​ (643) Deferred of revenue billed in the current period, net of recognition of revenue ​ 197 ​ ​ ​ ​ Balance as of September 30, 2023 $ 197 ​ ​ ​ ​ Balance as of December 31, 2023 $ 1,121 Recognition of revenue recorded as a contract liability as of December 31, 2023 ​ (1,121) Deferred of revenue billed in the current period, net of recognition of revenue ​ 662 ​ ​ ​ ​ Balance as of September 30, 2024 ​ $ 662 ​ ​ ​ ​ ​ Balance as of December 31, 2023 $ 344 Recognition of costs to fulfill during the nine months ended September 30, 2024 ​ (344) Balance as of September 30, 2024 ​ $ — ​
ConnectM Before Business Combination
Schedule of disaggregated revenue information by geographic area		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2023 2022 United States ​ $ 19,024,606 ​ $ 14,657,176 India ​ 947,633 ​ 784,139 Total ​ $ 19,972,239 ​ $ 15,441,315
Schedule of contract liability activity and contract asset activity		​ ​ ​ ​ ​ Balance as of December 31, 2021 $ 74,431 Recognition of revenue recorded as a contract liability as of December 31, 2021 ​ ​ (74,431) Deferral of revenue billed in the current period ​ 643,254 Balance as of December 31, 2022 ​ $ 643,254 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ (643,254) Deferral of revenue billed in the current period, net of recognition of revenue ​ 1,120,817 Balance as of December 31, 2023 ​ $ 1,120,817 ​ ​ ​ ​ ​ Balance as of December 31, 2022 $ — Recognition of costs to fulfill during the year ended December 31, 2023, net of amortization ​ ​ 343,646 Balance as of December 31, 2023 ​ $ 343,646 ​

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of inventory balances	The Company’s inventory balances consisted of the following at September 30, 2024 and December 31 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Parts ​ $ 181 ​ $ 251 Finished Goods ​ 139 ​ 26 Total ​ $ 320 ​ $ 277 ​
ConnectM Before Business Combination
Schedule of inventory balances		​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 ​ 2022 Parts ​ $ 250,700 ​ $ 629,454 Finished Goods ​ 26,643 ​ 26,760 Total ​ $ 277,343 ​ $ 656,214

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Schedule of fair value of the acquired assets and assumed liabilities at the acquisition date	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed and noncontrolling interest at the date of acquisition (in thousands): ​ ​ ​ ​ Cash $ 699 Accounts receivable ​ 620 Prepaid expenses and other assets ​ 41 Intangible assets ​ 586 Goodwill ​ 790 Total assets acquired ​ $ 2,736 ​ ​ ​ ​ Accounts payable ​ $ 218 Accrued expenses ​ 136 Contingent consideration ​ ​ 576 Total liabilities acquired ​ $ 930 ​ ​ ​ ​ Allocation to Minority Interest ​ $ 1,286
Schedule of unaudited pro forma statement of operations	Pro forma combined financial information (unaudited, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Revenues ​ $ 7,036 ​ $ 6,572 ​ $ 23,013 ​ $ 21,423 Net loss ​ $ (12,182) ​ $ (2,484) ​ $ (16,869) ​ $ (4,628)
ConnectM Before Business Combination
Business Acquisition [Line Items]
Schedule of fair value of the acquired assets and assumed liabilities at the acquisition date		​ ​ ​ ​ ​ Cash $ 244,500 Accounts receivable ​ ​ 217,500 Property and equipment, net ​ 38,300 Customer relationships ​ 114,000 Tradename ​ 115,000 Goodwill ​ 880,363 Accounts payable ​ (155,700) Accrued expenses and other current liabilities ​ (222,000) Deferred tax liabilities ​ (62,563) Debt ​ (219,400) Purchase Price ​ $ 950,000 ​ ​ ​ ​ ​ Cash $ 122,000 Inventory ​ ​ 5,300 Property and equipment, net ​ 91,400 Customer relationships ​ 546,000 Noncompetition agreement ​ 34,000 Tradename ​ 184,000 Goodwill ​ 624,202 Accounts payable ​ (9,177) Deferred tax liabilities ​ (208,725) Purchase Price ​ $ 1,389,000 ​ ​ ​ ​ ​ Cash $ 97,000 Accounts receivable ​ ​ 1,000 Prepaid expenses and other current assets ​ 10,000 Property and equipment, net ​ 43,000 Customer relationships ​ 330,000 Noncompetition agreement ​ 26,000 Tradename ​ 135,000 Goodwill ​ 285,383 Accounts payable ​ (51,000) Deferred tax liabilities ​ (126,383) Purchase price ​ $ 750,000 ​ ​ ​ ​ ​ Cash $ 99,000 Accounts receivable ​ ​ 251,700 Inventory ​ 343,500 Prepaid expenses and other current assets ​ 42,800 Property and equipment, net ​ 445,100 Customer relationships ​ 215,000 Noncompetition agreement ​ 31,000 Tradename ​ 321,000 Goodwill ​ 687,735 Accounts payable ​ (247,300) Accrued expenses and other current liabilities ​ (134,300) Deferred tax liabilities ​ (143,735) Debt ​ (191,500) Purchase Price ​ $ 1,720,000
Schedule of estimated useful lives of those intangible assets acquired		​ ​ ​ ​ Customer relationships 15 years Tradename ​ 3 years ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years ​ ​ ​ ​ Customer relationships 15 years Noncompetition agreement ​ 5 years Tradename 10 years
Schedule of unaudited pro forma statement of operations		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro forma ​ ​ ​ ​ ​ ​ ​ ​ ​ Transaction ​ financial ​ ​ ​ Transaction ​ ​ ​ ConnectM ​ AFS ​ Accounting ​ information ​ ​ Accounting ​ ​ ​ historical historical ​ Adjustments ​ (adjusted for ​ FSP historical Adjustments ​ Pro forma ​ ​ financial ​ financial (acquisition ​ acquisition ​ financial (acquisition ​ results ​ ​ information ​ information ​ of AFS) ​ of AFS) ​ information ​ of FSP) ​ (combined) Revenues ​ $ 15,441,315 ​ $ 500,918 — ​ $ 15,942,233 ​ $ 4,887,822 — ​ $ 20,830,055 Net income (loss) ​ (3,542,583) ​ (139,190) (41,000) (1) (3,710,773) ​ 399,500 (52,000) (3) (3,333,273) ​ ​ ​ ​ ​ ​ ​ 12,000 (2) ​ ​ ​ ​ ​ 30,000 (4) ​ ​ ​ Unaudited pro forma transaction accounting adjustments for the AFS acquisition include adjustments to reflect the following: (1) An adjustment to reflect additional amortization of $41 thousand for the year ended December 31, 2022, that would have been charged assuming the fair value adjustments to intangible assets and property and equipment had been applied on January 1, 2022. (2) An adjustment to reverse acquisition-related fees and expenses of $12 thousand for the year ended December 31, 2022. Unaudited pro forma transaction accounting adjustments for the FSP acquisition include adjustments to reflect the following: (3) An adjustment to reflect additional amortization of $52 thousand for the year ended December 31, 2022, that would have been charged assuming the fair value adjustments to intangible assets and property and equipment had been applied on January 1, 2022. (4) An adjustment to reverse acquisition-related fees and expenses of $30 thousand for the year ended December 31, 2022.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of property and equipment	Property and equipment consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Furniture and fixtures $ 97 $ 91 Machinery and equipment ​ 69 ​ 62 Vehicles ​ 860 ​ 814 Property improvements ​ 17 ​ 49 Building ​ 575 ​ 570 Property and Equipment ​ 1,618 ​ 1,586 Less: Accumulated Depreciation ​ (622) ​ (448) Total ​ $ 996 ​ $ 1,138
Schedule of property and equipment	Property and equipment consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Furniture and fixtures $ 97 $ 91 Machinery and equipment ​ 69 ​ 62 Vehicles ​ 860 ​ 814 Property improvements ​ 17 ​ 49 Building ​ 575 ​ 570 Property and Equipment ​ 1,618 ​ 1,586 Less: Accumulated Depreciation ​ (622) ​ (448) Total ​ $ 996 ​ $ 1,138
ConnectM Before Business Combination
Schedule of property and equipment		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2023 2022 Furniture and fixtures ​ $ 90,661 ​ $ 35,279 Machinery and equipment ​ 61,731 ​ 87,071 Vehicles ​ 814,531 ​ 531,232 Property improvements ​ 49,255 ​ 49,255 Building ​ 570,000 ​ 570,000 Property and Equipment ​ 1,586,178 ​ 1,272,837 Less: Accumulated Depreciation ​ (448,479) ​ (191,880) Total ​ $ 1,137,699 ​ $ 1,080,957
Schedule of property and equipment		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ 2023 2022 Furniture and fixtures ​ $ 90,661 ​ $ 35,279 Machinery and equipment ​ 61,731 ​ 87,071 Vehicles ​ 814,531 ​ 531,232 Property improvements ​ 49,255 ​ 49,255 Building ​ 570,000 ​ 570,000 Property and Equipment ​ 1,586,178 ​ 1,272,837 Less: Accumulated Depreciation ​ (448,479) ​ (191,880) Total ​ $ 1,137,699 ​ $ 1,080,957

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of identifiable intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2024 ​ ​ Gross ​ Accumulated ​ ​ ​ ​ Amount Amortization Net Amount Customer relationships ​ $ 1,071 ​ $ (487) ​ $ 584 Tradename ​ 800 ​ (252) ​ 548 Noncompetition agreements ​ 34 ​ (18) ​ 16 Intellectual property ​ 35 ​ (23) ​ 13 Internally developed software ​ 967 ​ (276) ​ 691 Total ​ $ 2,907 ​ $ (1,056) ​ $ 1,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ Gross Accumulated ​ ​ ​ ​ Amount ​ Amortization ​ Net Amount Customer relationships ​ $ 1,445 ​ $ (582) ​ $ 863 Tradename ​ 923 ​ (217) ​ 706 Noncompetition agreements ​ 126 ​ (82) ​ 44 Intellectual property ​ 35 ​ (20) ​ 15 Internally developed software ​ 440 ​ (227) ​ 213 Total ​ $ 2,969 ​ $ (1,128) ​ $ 1,841
Schedule of amortization expense over the next five years and thereafter	​ ​ ​ ​ ​ Nine months ending September 30, 2024 Amount 2024 (remainder) ​ $ 104 2025 ​ 344 2026 ​ 311 2027 ​ 253 2028 ​ 234 2029 ​ 179 Thereafter ​ 254 Total ​ $ 1,679 ​
ConnectM Before Business Combination [Member]
Schedule of identifiable intangible assets		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Gross Amount Accumulated Amortization Net Amount Customer relationships ​ $ 1,445,000 ​ $ (582,256) ​ $ 862,744 Tradename ​ 923,000 ​ (216,501) ​ 706,499 Noncompetition agreements ​ 126,000 ​ (82,037) ​ 43,963 Intellectual property ​ 35,186 ​ (20,073) ​ 15,113 Internally developed software ​ 439,617 ​ (227,061) ​ 212,556 Total ​ $ 2,968,803 ​ $ (1,127,928) ​ $ 1,840,875 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Gross Amount Accumulated Amortization Net Amount Customer relationships ​ $ 1,523,000 ​ $ (379,742) ​ $ 1,143,258 Tradename ​ 999,000 ​ (173,777) ​ 825,223 Noncompetition agreements ​ 169,000 ​ (77,282) ​ 91,718 Intellectual property ​ 35,186 ​ (15,613) ​ 19,573 Internally developed software ​ 400,754 ​ (138,967) ​ 261,787 Total ​ $ 3,126,940 ​ $ (785,381) ​ $ 2,341,559
Schedule of amortization expense over the next five years and thereafter		​ ​ ​ ​ ​ Year ending December 31, Amount 2024 ​ $ 420,676 2025 ​ 306,065 2026 ​ 240,851 2027 ​ 184,593 2028 ​ 156,170 Thereafter ​ 435,074 Total ​ $ 1,743,429

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
Schedule of change in the carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrification Decarbonization OEM/EV Total Balance as of January 1, 2022 ​ $ 378,225 ​ $ — ​ $ — ​ $ 378,225 Acquisitions ​ ​ 909,586 ​ ​ 1,606,647 ​ ​ — ​ ​ 2,516,233 Impairment ​ ​ (490,736) ​ ​ — ​ ​ — ​ ​ (490,736) Balance as at December 31, 2022 ​ $ 797,075 ​ $ 1,606,647 ​ $ — ​ $ 2,403,722 Impairment ​ ​ (157,103) ​ ​ — ​ ​ — ​ ​ (157,103) Balance as at December 31, 2023 ​ $ 639,972 ​ $ 1,606,647 ​ $ — ​ $ 2,246,619 ​

LEASES (Tables)

LEASES (Tables) - ConnectM Before Business Combination	12 Months Ended
	Dec. 31, 2023
Schedule of components of lease expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended Year Ended ​ December 31, 2023 December 31, 2022 Operating lease costs (1) ​ $ 168,995 ​ $ 111,062 Finance lease costs ​ ​ Amortization of ROU assets ​ 118,851 ​ 87,184 Interest on lease liabilities ​ 18,956 ​ 26,643 Total lease costs ​ $ 306,802 ​ $ 224,889 (1) The total cash paid for amounts included in the measurement of lease liabilities for years ended December 31, 2023 and 2022 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ 2023 2022 Operating cash outflows from operating leases ​ $ (166,060) ​ $ (109,952) Financing cash outflows from finance leases ​ (90,409) ​ (57,098)
Schedule of cash paid for amounts included in the measurement of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ 2023 2022 Operating cash outflows from operating leases ​ $ (166,060) ​ $ (109,952) Financing cash outflows from finance leases ​ (90,409) ​ (57,098)
Schedule of lease term and discount rate	​ ​ ​ ​ ​ ​ December 31, 2023 Weighted-average remaining lease term (in years) ​ ​ Operating leases 2.52 years Finance leases 2.55 years Weighted-average discount rate Operating leases 8.00 % Finance leases 8.00 %
Schedule of maturities of lease liabilities	Maturities of lease liabilities under non-cancelable leases as of December 31, 2023 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance ​ ​ ​ ​ ​ Leases Operating Leases Total 2024 ​ ​ 118,020 ​ ​ 120,425 ​ ​ 238,445 2025 ​ 116,266 ​ 119,007 ​ 235,273 2026 ​ 65,393 ​ 51,434 ​ 116,827 2027 ​ 24,840 ​ 23,218 ​ 48,058 Total undiscounted lease payments ​ 324,519 ​ 314,084 ​ 638,603 Less: imputed interest ​ (22,333) ​ (26,237) ​ (48,570) Total lease liabilities ​ $ 302,186 ​ $ 287,847 ​ $ 590,033 ​

Debt (Tables)

Debt (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of all debt	​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, As of December 31, Description ​ 2024 ​ 2023 Secured Promissory Notes $ 11,334 $ 7,410 Small Business Administration (SBA) Loans ​ 764 ​ 769 Paycheck Protection Program (PPP) Loans ​ 28 ​ 59 Vehicle Notes ​ 470 ​ 497 BAC Sellers Note ​ 56 ​ 84 ACA Sellers Note ​ — ​ 125 CSH Sellers Notes ​ 159 ​ 235 BHC Sellers Note ​ 200 ​ 400 AFS Sellers Note ​ 383 ​ 463 FSP Sellers Note ​ 768 ​ 768 Real Estate Promissory Note ​ 370 ​ 370 Promissory Note – Related Party ​ 185 ​ 85 Libertas – Sale of Future Receipts ​ 2,058 ​ 1,938 Samson – Sale of Future Receipts ​ 183 ​ — D&O Financing agreement ​ ​ 255 ​ ​ — Channel Partners ​ 210 ​ — Top Choice – Sale of Future Receipts ​ 169 ​ — Funding Metrics – Sale of Future Receipts ​ 104 ​ — Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing ​ $ 17,696 ​ $ 13,203 Less: Debt discounts ​ (129) ​ (32) Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing ​ $ 17,567 ​ $ 13,171 Convertible Debts ​ 4,392 ​ 2,179 Total debt, net of debt discount $ 21,959 ​ $ 15,350 ​
ConnectM Before Business Combination
Schedule of estimated Maturities on all Debt		​ ​ ​ ​ ​ Year 2023 2024 ​ $ 12,021,017 2025 ​ 2,093,827 2026 ​ 312,559 2027 ​ 115,029 2028 ​ 79,762 Thereafter ​ 727,989 Total ​ $ 15,350,183
Schedule of all debt		​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, Description 2023 2022 Secured Promissory Notes ​ $ 7,410,000 ​ $ 1,900,000 Small Business Administration (SBA) Loans ​ 768,956 ​ 775,000 Paycheck Protection Program (PPP) Loans ​ 59,350 ​ 100,740 Vehicle Notes ​ 497,957 ​ 281,003 BAC Sellers Note ​ 83,810 ​ 123,867 ACA Sellers Note ​ 124,627 ​ 160,890 CSH Sellers Notes ​ 234,734 ​ 330,928 BHC Sellers Note ​ 400,000 ​ 600,000 AFS Sellers Note ​ 462,531 ​ 612,808 FSP Sellers Note ​ 768,063 ​ 900,000 Real Estate Promissory Note ​ 370,000 ​ 370,000 Promissory Note- Related Party ​ 85,437 ​ 85,822 Libertas (Sale of Future Receipts) ​ 1,938,257 ​ — Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, and Libertas ​ $ 13,203,722 ​ $ 6,241,058 Less: Debt discounts ​ (32,224) ​ (59,844) Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, and Libertas ​ $ 13,171,498 ​ $ 6,181,214 Convertible Debt ​ 2,178,685 ​ 1,304,131 Total debt, net of debt discount ​ $ 15,350,183 ​ $ 7,485,345

INCOME TAXES (Tables)_2

INCOME TAXES (Tables) - ConnectM Before Business Combination	12 Months Ended
	Dec. 31, 2023
Schedule of components of the income tax provision (benefit)	​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2023 2022 Current ​ Federal — ​ $ — State — ​ — Foreign — ​ — Total Current — ​ — Deferred ​ Federal — ​ $ (512,025) State — ​ (29,381) Foreign — ​ — Total Deferred — ​ (541,406) Total income taxes — ​ $ (541,406)
Schedule of principal components of deferred income tax assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2023 2022 Deferred tax assets ​ ​ Depreciation ​ — ​ $ 35,967 Other ​ 4,266 ​ 1,386 ROU asset ​ 157,555 ​ 201,556 Net operating losses ​ 5,408,937 ​ 3,038,057 Deferred tax assets ​ 5,570,758 ​ 3,276,966 Less: Valuation allowance ​ (5,207,943) ​ (2,788,979) Total deferred tax assets ​ $ 362,815 ​ $ 487,987 Deferred tax liabilities ​ ​ Depreciation, amortization, and impairment ​ (219,512) ​ (316,895) Lease assets ​ (143,303) ​ (171,092) Deferred tax liabilities ​ $ (362,815) ​ $ (487,987) Net deferred tax assets ​ $ — ​ $ —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables) - ConnectM Before Business Combination	12 Months Ended
	Dec. 31, 2023
Schedule of fair value hierarchy for its financial assets and liabilities measured at fair value on a non-recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Amount Fair Value Amount Fair Value Secured Promissory Notes ​ $ 7,140,000 ​ $ 6,737,792 ​ $ 1,900,000 ​ $ 1,457,711 Libertas ​ 1,938,257 ​ 1,794,682 ​ — ​ — SBA Loans ​ 768,956 ​ 254,614 ​ 775,000 ​ 215,424 PPP Loan ​ 59,350 ​ 53,750 ​ 100,740 ​ 81,568 Vehicle Notes ​ 497,957 ​ 395,887 ​ 281,003 ​ 208,491 Seller and Real Estate Notes ​ 2,443,765 ​ 2,121,626 ​ 3,098,493 ​ 2,407,799 Related Party Notes ​ 85,437 ​ 67,822 ​ 85,822 ​ 58,409 Total ​ $ 13,203,722 ​ $ 11,426,173 ​ $ 6,241,058 ​ $ 4,429,402
Schedule of fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Amount Fair Value Amount Fair Value Convertible Debt ​ $ 2,178,685 ​ $ 2,178,685 ​ $ 1,304,131 ​ $ 1,304,131

CONVERTIBLE PREFERRED SHARES (T

CONVERTIBLE PREFERRED SHARES (Tables)	12 Months Ended
	Dec. 31, 2023
ConnectM Before Business Combination
Schedule of convertible preferred shares	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Shares Issued ​ ​ ​ ​ ​ Authorized and Outstanding Issuance Price Carrying Value Series Seed ​ 644,030 ​ 644,030 ​ $ 3.42 ​ $ 2,200,000 Series Seed-1 91,120 91,120 ​ 3.21 ​ 292,625 Series A-1 743,068 743,068 ​ 4.30 ​ 3,195,192 Series B-1 649,843 649,843 ​ 6.13 ​ 3,983,538 Series B-2 389,105 299,730 ​ 7.71 ​ 2,310,929 Total 2,517,166 2,427,791 ​ ​ ​ $ 11,982,284

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of warrants activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ average ​ Remaining ​ ​ ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Warrants ​ Price ​ Life ​ Value Outstanding at December 31, 2023 77,494 ​ $ 3.61 8.15 — Granted — ​ — — — Assumed in Business Combination 12,990,000 ​ 11.50 Exercised — ​ — — — Cancelled/Forfeited — ​ — — — Outstanding at September 30, 2024 13,067,494 ​ $ 11.45 4.80 — ​
ConnectM Before Business Combination
Summary of warrant activity		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average ​ ​ ​ ​ ​ ​ Weighted-average ​ Remaining ​ Intrinsic ​ Warrants Exercise Price Contractual Life Value Outstanding and vested at December 31, 2022 ​ 23,332 ​ $ 12.00 ​ 9.15 ​ ​ — Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding and vested at December 31, 2023 23,332 ​ $ 12.00 8.15 ​ $ —

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Schedule of activity under the Plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ ​ average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Life ​ Value Outstanding at December 31, 2023 473,929 ​ $ 0.70 5.24 ​ $ 666,860 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at September 30, 2024 473,929 ​ $ 0.70 4.49 ​ $ 263,882 Vested and exercisable at September 30, 2024 470,601 ​ $ 0.69 4.48 ​ $ 263,882 ​
ConnectM Before Business Combination
Summary of activity under plans		​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Aggregate ​ ​ ​ ​ Weighted-average ​ Remaining ​ Intrinsic ​ ​ Options ​ Exercise Price ​ Contractual Life ​ Value Outstanding at December 31, 2022 ​ 142,692 ​ $ 2.33 ​ 6.24 ​ $ 768,171 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at December 31, 2023 142,692 ​ $ 2.33 5.24 ​ $ 666,860 Vested and exercisable at December 31, 2023 139,283 ​ $ 2.23 5.22 ​ $ 664,474

ORGANIZATION AND OPERATIONS (De

ORGANIZATION AND OPERATIONS (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Net loss	$ 12,178,000	$ 2,614,000	$ 16,998,000	$ 5,032,000
Accumulated deficit	$ (39,910,000)		(39,910,000)		$ (22,860,000)
Net cash used in operating activities			$ (3,251,000)	$ (3,523,000)
ConnectM Before Business Combination
Net loss					9,198,854	$ 3,542,583
Accumulated deficit					(22,860,351)	(13,710,685)
Net cash used in operating activities					(4,576,692)	$ (1,633,631)
Working capital deficit					$ 13,761,903

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Loss Per Share (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
ConnectM Before Business Combination
Net Loss Per Share
Shares excluded from the computation of diluted net loss per share		166,024
ConnectM Stock Options
Net Loss Per Share
Shares excluded from the computation of diluted net loss per share	473,929
ConnectM Stock Options | ConnectM Before Business Combination
Net Loss Per Share
Shares excluded from the computation of diluted net loss per share		142,692
ConnectM Warrants
Net Loss Per Share
Shares excluded from the computation of diluted net loss per share	13,067,494
ConnectM Warrants | ConnectM Before Business Combination
Net Loss Per Share
Shares excluded from the computation of diluted net loss per share		23,332

SUMMARY OF SIGNIFICANT ACCOU_15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Uninsured cash and cash equivalents	$ 113,897	$ 1,133,028

SUMMARY OF SIGNIFICANT ACCOU_16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable and Allowance for Credit Losses (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Allowance for credit losses	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOU_17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Practical Expedient (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Commission and financing fee expenses	$ 264,270	$ 0

SUMMARY OF SIGNIFICANT ACCOU_18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Managed Services (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of revenue
Revenues	$ 6,074,000	$ 4,384,000	$ 17,299,000	$ 15,484,000
ConnectM Before Business Combination
Disaggregation of revenue
Revenues					$ 19,972,239	$ 15,441,315
ConnectM Before Business Combination | Managed Services
Disaggregation of revenue
Revenues					$ 617,686

SUMMARY OF SIGNIFICANT ACCOU_19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Foreign currency translation adjustments	$ 19,000	$ 26,000	$ 29,000	$ 92,000
ConnectM Before Business Combination
Foreign currency translation adjustments					$ 97,613	$ 28,984

SUMMARY OF SIGNIFICANT ACCOU_20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - ConnectM Before Business Combination	Dec. 31, 2023
Minimum
PROPERTY AND EQUIPMENT
Estimated useful lives	7 years
Maximum
PROPERTY AND EQUIPMENT
Estimated useful lives	40 years
Furniture and fixtures
PROPERTY AND EQUIPMENT
Estimated useful lives	7 years
Machinery and equipment
PROPERTY AND EQUIPMENT
Estimated useful lives	7 years
Vehicles
PROPERTY AND EQUIPMENT
Estimated useful lives	10 years
Property improvements
PROPERTY AND EQUIPMENT
Estimated useful lives	15 years
Buildings
PROPERTY AND EQUIPMENT
Estimated useful lives	40 years

SUMMARY OF SIGNIFICANT ACCOU_21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Intangible Assets (Details) - ConnectM Before Business Combination	Dec. 31, 2023
Minimum
INTANGIBLE ASSETS
Estimated useful life	3 years
Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years
Customer relationships
INTANGIBLE ASSETS
Estimated useful life	15 years
Tradename | Minimum
INTANGIBLE ASSETS
Estimated useful life	3 years
Tradename | Maximum
INTANGIBLE ASSETS
Estimated useful life	10 years
Noncompetition agreements
INTANGIBLE ASSETS
Estimated useful life	5 years
Intellectual property | Minimum
INTANGIBLE ASSETS
Estimated useful life	3 years
Intellectual property | Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years
Internally developed software
INTANGIBLE ASSETS
Estimated useful life	3 years

SUMMARY OF SIGNIFICANT ACCOU_22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Software Capitalization (Details) - ConnectM Before Business Combination - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INTANGIBLE ASSETS
Software cost capitalization	$ 35,588	$ 145,590
Internal use software
INTANGIBLE ASSETS
Impairment of intangible assets	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOU_23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Impairment of goodwill	$ 0
ConnectM Before Business Combination
Impairment of goodwill		$ 157,103	$ 490,736

SUMMARY OF SIGNIFICANT ACCOU_24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Recorded at Cost (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Investment recorded at cost	$ 45,000	$ 45,000
Impairment loss on investments	$ 0
ConnectM Before Business Combination
Investment recorded at cost		45,000
Impairment loss on investments		$ 0

SUMMARY OF SIGNIFICANT ACCOU_25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Offering Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Offering costs capitalized	$ 1,297,102	$ 474,162

SUMMARY OF SIGNIFICANT ACCOU_26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Impairment of Long-Lived Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss on impairment of intangible assets	$ 406,000
ConnectM Before Business Combination
Loss on impairment of intangible assets		$ 24,750	$ 98,563

SUMMARY OF SIGNIFICANT ACCOU_27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Option ("FVO") Election (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Estimated fair value adjustment of convertible debt	$ 25,446	$ 45,869

SUMMARY OF SIGNIFICANT ACCOU_28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Advertising Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConnectM Before Business Combination
Advertising expenses	$ 691,653	$ 355,349

SUMMARY OF SIGNIFICANT ACCOU_29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recently Adopted Accounting Guidance (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Recently Adopted Accounting Guidance
Right-of-use asset- operating lease	$ 199,000	$ 284,000
Right-of-use asset- finance lease	$ 167,000	252,000
ConnectM Before Business Combination
Recently Adopted Accounting Guidance
Right-of-use asset- operating lease		283,634	$ 252,781
Operating lease liabilities		287,847
Right-of-use asset- finance lease		252,231	$ 316,025
Finance lease liabilities		$ 302,186
Discount rate		8%	8%
ConnectM Before Business Combination | ASU 201811
Recently Adopted Accounting Guidance
Right-of-use asset- operating lease				$ 240,338
Operating lease liabilities				240,338
Right-of-use asset- finance lease				264,395
Finance lease liabilities				$ 264,395

REPORTABLE SEGMENTS - Informati

REPORTABLE SEGMENTS - Information by segment (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
REPORTABLE SEGMENTS
Number of operating segments | segment			4
Revenues	$ 6,074,000	$ 4,384,000	$ 17,299,000	$ 15,484,000
Cost of revenue	4,200,000	3,716,000	11,010,000	11,020,000
SG&A	4,900,000	2,843,000	11,773,000	8,780,000
Operating (loss) income	(3,026,000)	(2,175,000)	(5,890,000)	(4,316,000)
Total Assets	13,747,000	13,378,000	13,747,000	13,378,000	$ 13,157,000
Segment capital expenditures	49,000			49,000
Electrification
REPORTABLE SEGMENTS
Segment capital expenditures	49,000			49,000
Operating segments
REPORTABLE SEGMENTS
Revenues	6,074,000	4,384,000	17,299,000	15,484,000
Cost of revenue	4,200,000	3,716,000	11,010,000	11,020,000
SG&A	1,828,000	1,858,000	6,508,000	6,344,000
Operating (loss) income	46,000	(1,190,000)	(625,000)	(1,880,000)
Total Assets	9,772,000	8,681,000	9,772,000	8,681,000
Segment capital expenditures			59,000
Operating segments | Electrification
REPORTABLE SEGMENTS
Revenues	1,403,000	2,328,000	4,450,000	6,642,000
Cost of revenue	873,000	1,805,000	2,719,000	4,817,000
SG&A	544,000	1,000,000	1,846,000	3,032,000
Operating (loss) income	(14,000)	(477,000)	(521,000)	(1,207,000)
Total Assets	2,183,000	3,599,000	2,183,000	3,599,000
Segment capital expenditures			59,000
Operating segments | Decarbonization
REPORTABLE SEGMENTS
Revenues	1,263,000	1,751,000	5,001,000	8,035,000
Cost of revenue	902,000	1,473,000	3,365,000	5,251,000
SG&A	260,000	686,000	1,583,000	2,748,000
Operating (loss) income	101,000	(408,000)	53,000	36,000
Total Assets	2,755,000	3,843,000	2,755,000	3,843,000
Amounts not allocated to segments
REPORTABLE SEGMENTS
Operating (loss) income	(3,072,000)	(985,000)	(5,265,000)	(2,436,000)
Total Assets	$ 3,975,000	$ 4,697,000	$ 3,975,000	$ 4,697,000
ConnectM Before Business Combination
REPORTABLE SEGMENTS
Number of operating segments | segment					4
Revenues					$ 19,972,239	$ 15,441,315
Cost of revenue					14,934,962	11,404,224
SG&A					12,320,295	7,315,381
Loss on impairment					181,853	589,299
Operating (loss) income					(7,464,871)	(3,867,589)
Total Assets					13,156,473	11,057,806
Segment capital expenditures					41,771	163,888
ConnectM Before Business Combination | Electrification
REPORTABLE SEGMENTS
Revenues					8,399,427	8,300,061
Cost of revenue					6,169,957	5,783,274
SG&A					3,697,119	2,936,017
Loss on impairment					157,103	589,299
Operating (loss) income					(7,464,871)
Total Assets					3,034,752
Segment capital expenditures					41,771
ConnectM Before Business Combination | Decarbonization
REPORTABLE SEGMENTS
Revenues					10,009,499	6,211,517
Cost of revenue					6,983,833	4,705,090
SG&A					3,808,545	1,649,804
Loss on impairment					24,750
Total Assets					3,576,655
ConnectM Before Business Combination | OEM/EV
REPORTABLE SEGMENTS
Revenues					945,406	929,737
Cost of revenue					1,371,150	915,860
SG&A					697,688	801,170
Total Assets					836,954
ConnectM Before Business Combination | Managed Services
REPORTABLE SEGMENTS
Revenues					617,907
Cost of revenue					410,022
SG&A					283,958
Total Assets					215,315
ConnectM Before Business Combination | Operating segments
REPORTABLE SEGMENTS
Operating (loss) income					(3,631,886)	(1,939,199)
Total Assets						10,430,019
Segment capital expenditures						163,888
ConnectM Before Business Combination | Operating segments | Electrification
REPORTABLE SEGMENTS
Operating (loss) income					(1,624,752)	(1,008,529)
Total Assets						3,972,307
Segment capital expenditures					13,156,473	18,298
ConnectM Before Business Combination | Operating segments | Decarbonization
REPORTABLE SEGMENTS
Operating (loss) income					(807,629)	(143,377)
Total Assets						4,322,764
ConnectM Before Business Combination | Operating segments | OEM/EV
REPORTABLE SEGMENTS
Operating (loss) income					(1,123,432)	(787,293)
Total Assets						2,134,948
Segment capital expenditures						145,590
ConnectM Before Business Combination | Operating segments | Managed Services
REPORTABLE SEGMENTS
Operating (loss) income					(76,073)
ConnectM Before Business Combination | Amounts not allocated to segments
REPORTABLE SEGMENTS
Operating (loss) income					(3,832,985)	(1,928,390)
Total Assets						$ 627,786
ConnectM Before Business Combination | Amounts not allocated to segments | Electrification
REPORTABLE SEGMENTS
Operating (loss) income					3,832,985
Segment capital expenditures					$ 5,492,797

REPORTABLE SEGMENTS - Reconcili

REPORTABLE SEGMENTS - Reconciliation of business segment operating loss to net loss from continuing operations before income taxes (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
REPORTABLE SEGMENTS
Loss from operations	$ (3,026,000)	$ (2,175,000)	$ (5,890,000)	$ (4,316,000)
Interest expense	(667,000)	(472,000)	(1,820,000)	(902,000)
Loss on extinguishment of debt			(592,000)
Other income (expense), net	270,000	(149,000)	59,000	4,000
Loss before income taxes	(12,178,000)	(2,614,000)	(16,998,000)	(5,032,000)
Income tax benefit	0	0	0	0
Net loss	(12,178,000)	(2,614,000)	(16,998,000)	(5,032,000)
Operating segments
REPORTABLE SEGMENTS
Loss from operations	46,000	(1,190,000)	(625,000)	(1,880,000)
Amounts not allocated to segments
REPORTABLE SEGMENTS
Loss from operations	$ (3,072,000)	$ (985,000)	$ (5,265,000)	$ (2,436,000)
ConnectM Before Business Combination
REPORTABLE SEGMENTS
Loss from operations					$ (7,464,871)	$ (3,867,589)
Interest expense					(1,431,354)	(281,808)
Loss on extinguishment of debt					(370,320)
Other income (expense), net					67,691	65,408
Loss before income taxes					(9,198,854)	(4,083,989)
Income tax benefit						(541,406)
Net loss					(9,198,854)	(3,542,583)
ConnectM Before Business Combination | Operating segments
REPORTABLE SEGMENTS
Loss from operations					(3,631,886)	(1,939,199)
ConnectM Before Business Combination | Amounts not allocated to segments
REPORTABLE SEGMENTS
Loss from operations					$ (3,832,985)	$ (1,928,390)

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregated revenue information by geographic area (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of revenue
Total	$ 6,074,000	$ 4,384,000	$ 17,299,000	$ 15,484,000
United States
Disaggregation of revenue
Total	5,646,000	4,248,000	16,162,000	14,862,000
India
Disaggregation of revenue
Total	$ 428,000	$ 136,000	$ 1,137,000	$ 622,000
ConnectM Before Business Combination
Disaggregation of revenue
Total					$ 19,972,239	$ 15,441,315
ConnectM Before Business Combination | United States
Disaggregation of revenue
Total					19,024,606	14,657,176
ConnectM Before Business Combination | India
Disaggregation of revenue
Total					$ 947,633	$ 784,139

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract liabilities (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Contract liability activity
Beginning balance	$ 1,121,000	$ 643,000	$ 643,000
Recognition of revenue recorded as a contract liability	1,121,000	643,000
Ending balance	662,000	197,000	1,121,000	$ 643,000
ConnectM Before Business Combination
Contract liability activity
Beginning balance	$ 1,120,817	$ 643,254	643,254	74,431
Recognition of revenue recorded as a contract liability				(643,254)	$ (74,431)
Deferral of revenue billed in the current period			1,120,817	643,254
Ending balance			$ 1,120,817	$ 643,254	$ 74,431

REVENUE RECOGNITION - Contrac_2

REVENUE RECOGNITION - Contract assets (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Contract asset activity
Ending balance	$ 344,000
ConnectM Before Business Combination
Contract asset activity
Recognition of costs to fulfill during the year ended, net of amortization	343,646
Ending balance	$ 343,646

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Reduction in the carrying value of its inventories	$ 0	$ 0
Parts	181,000		$ 251,000
Finished Goods	139,000		26,000
Total	320,000		277,000
Reduction in carrying value of inventories	0	$ 0
Inventory balances
Parts	181,000		251,000
Finished Goods	139,000		26,000
Total	$ 320,000		277,000
ConnectM Before Business Combination
Reduction in the carrying value of its inventories			187,098	$ 0
Parts			250,700	629,454
Finished Goods			26,643	26,760
Total			277,343	656,214
Reduction in carrying value of inventories			187,098	0
Inventory balances
Parts			250,700	629,454
Finished Goods			26,643	26,760
Total			$ 277,343	$ 656,214

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details)							12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 28, 2022 USD ($)	Aug. 01, 2022 USD ($) $ / shares shares	May 01, 2022 USD ($)	Feb. 14, 2022 USD ($)	Jan. 01, 2022 USD ($) item	Dec. 31, 2022 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
BUSINESS COMBINATIONS
Fair value of this contingent liability								$ 199,000
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Goodwill								$ 3,037,000	$ 2,247,000
ConnectM Before Business Combination
BUSINESS COMBINATIONS
Consideration in contingent payment							$ 57,694
Business combination costs	$ 8,000,000
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Goodwill	$ 2,403,722						$ 2,403,722		$ 2,246,619	$ 378,225
ConnectM Before Business Combination | Cazeault Solar & Home, LLC
BUSINESS COMBINATIONS
Consideration for the total allocable purchase price						$ 950,000
Consideration in cash						350,000
Consideration in issuance of common stock having a fair value						200,000
Consideration in seller secured promissory notes						$ 400,000
Number of seller secured promissory notes | item						2
Consideration in contingent payment						$ 880,363
Business combination costs						19,000
Amount of goodwill associated with the acquisition is deductible for income tax purposes						0
Deferred taxes on goodwill						0
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Cash						244,500
Accounts receivable						217,500
Property and equipment, net						38,300
Goodwill						880,363
Accounts payable						(155,700)
Accrued expenses and other current liabilities						(222,000)
Deferred tax liabilities						(62,563)
Debt						(219,400)
Net assets acquired						950,000
ConnectM Before Business Combination | Cazeault Solar & Home, LLC | Customer relationships
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets						$ 114,000
Estimated useful lives of intangible assets acquired (in years)						15 years
ConnectM Before Business Combination | Cazeault Solar & Home, LLC | Tradename
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets						$ 115,000
Estimated useful lives of intangible assets acquired (in years)						3 years
ConnectM Before Business Combination | Bourque Heating & Cooling Company, Inc
BUSINESS COMBINATIONS
Consideration for the total allocable purchase price					$ 1,389,000
Consideration in cash					$ 789,000
Number of seller secured promissory notes					600,000
Business combination costs					$ 22,000
Amount of goodwill associated with the acquisition is deductible for income tax purposes					0
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Cash					122,000
Inventory					5,300
Property and equipment, net					91,400
Goodwill					624,202
Accounts payable					(9,177)
Deferred tax liabilities					(208,725)
Net assets acquired					1,389,000
ConnectM Before Business Combination | Bourque Heating & Cooling Company, Inc | Customer relationships
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets					$ 546,000
Estimated useful lives of intangible assets acquired (in years)					15 years
ConnectM Before Business Combination | Bourque Heating & Cooling Company, Inc | Noncompetition agreements
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets					$ 34,000
Estimated useful lives of intangible assets acquired (in years)					5 years
ConnectM Before Business Combination | Bourque Heating & Cooling Company, Inc | Tradename
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets					$ 184,000
Estimated useful lives of intangible assets acquired (in years)					10 years
ConnectM Before Business Combination | Airflow Service Company, Inc
BUSINESS COMBINATIONS
Consideration for the total allocable purchase price				$ 750,000
Consideration in cash				$ 101,000
Number of seller secured promissory notes				649,000
Business combination costs				$ 12,000
Amount of goodwill associated with the acquisition is deductible for income tax purposes				0
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Cash				97,000
Accounts receivable				1,000
Prepaid expenses and other current assets				10,000
Property and equipment, net				43,000
Goodwill				285,383
Accounts payable				(51,000)
Deferred tax liabilities				(126,383)
Net assets acquired				750,000
ConnectM Before Business Combination | Airflow Service Company, Inc | Customer relationships
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets				$ 330,000
Estimated useful lives of intangible assets acquired (in years)				15 years
ConnectM Before Business Combination | Airflow Service Company, Inc | Noncompetition agreements
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets				$ 26,000
Estimated useful lives of intangible assets acquired (in years)				5 years
ConnectM Before Business Combination | Airflow Service Company, Inc | Tradename
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets				$ 135,000
Estimated useful lives of intangible assets acquired (in years)				10 years
ConnectM Before Business Combination | Blue Sky Electric, Inc
BUSINESS COMBINATIONS
Number of shares issued as merger consideration | shares			5,000
Agreed-upon value per share | $ / shares			$ 7.71
Consideration in issuance of common stock having a fair value			$ 38,550
Amount of goodwill associated with the acquisition is deductible for income tax purposes			0
Deferred taxes on goodwill			$ 0
ConnectM Before Business Combination | Florida Solar Products, Inc
BUSINESS COMBINATIONS
Consideration for the total allocable purchase price		$ 1,720,000
Consideration in cash		$ 450,000
Number of seller secured promissory notes		1,270,000
Fair value of this contingent liability		$ 57,694
Business combination costs		30,000
Amount of goodwill associated with the acquisition is deductible for income tax purposes		0
Deferred taxes on goodwill		0
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Cash		99,000
Accounts receivable		251,700
Inventory		343,500
Prepaid expenses and other current assets		42,800
Property and equipment, net		445,100
Goodwill		687,735
Accounts payable		(247,300)
Accrued expenses and other current liabilities		(134,300)
Deferred tax liabilities		(143,735)
Debt		(191,500)
Net assets acquired		1,720,000
ConnectM Before Business Combination | Florida Solar Products, Inc | Maximum
BUSINESS COMBINATIONS
Consideration in contingent payment		750,000
ConnectM Before Business Combination | Florida Solar Products, Inc | Customer relationships
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets		$ 215,000
Estimated useful lives of intangible assets acquired (in years)		15 years
ConnectM Before Business Combination | Florida Solar Products, Inc | Noncompetition agreements
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets		$ 31,000
Estimated useful lives of intangible assets acquired (in years)		5 years
ConnectM Before Business Combination | Florida Solar Products, Inc | Tradename
Aggregate fair value of the acquired assets and assumed liabilities at the acquisition date
Intangible assets		$ 321,000
Estimated useful lives of intangible assets acquired (in years)		10 years

BUSINESS COMBINATIONS - Unaudit

BUSINESS COMBINATIONS - Unaudited pro forma statement of operations (Details) - USD ($)						3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 28, 2022	Dec. 27, 2022	May 01, 2022	Apr. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Unaudited Pro Forma Statement of Operations
Revenues						$ 6,074,000	$ 4,384,000	$ 17,299,000	$ 15,484,000
Net Loss						$ (12,178,000)	$ (2,614,000)	$ (16,998,000)	$ (5,032,000)
Revenues		$ 20,830,055		$ 15,942,233
Net income (loss)		(3,333,273)		(3,710,773)
Airflow Service Company, Inc
Unaudited Pro Forma Statement of Operations
Revenues					$ 500,918
Net income (loss)					(139,190)
Florida Solar Products, Inc
Unaudited Pro Forma Statement of Operations
Revenues			$ 4,887,822
Net income (loss)			$ 399,500
ConnectM Before Business Combination
Unaudited Pro Forma Statement of Operations
Revenues										$ 19,972,239	$ 15,441,315
Net Loss										$ (9,198,854)	(3,542,583)
Revenues					15,441,315
Net income (loss)					$ (3,542,583)
Business combination costs	$ 8,000,000
ConnectM Before Business Combination | Airflow Service Company, Inc
Unaudited Pro Forma Statement of Operations
Business combination costs				12,000
ConnectM Before Business Combination | Florida Solar Products, Inc
Unaudited Pro Forma Statement of Operations
Business combination costs		30,000
Fair value adjustments to intangible assets and property and equipment | ConnectM Before Business Combination | Airflow Service Company, Inc
Unaudited Pro Forma Statement of Operations
Net Loss											41,000
Net income (loss)				(41,000)
Fair value adjustments to intangible assets and property and equipment | ConnectM Before Business Combination | Florida Solar Products, Inc
Unaudited Pro Forma Statement of Operations
Net Loss											52,000
Net income (loss)		(52,000)
Adjustment to reverse acquisition-related fees and expenses | ConnectM Before Business Combination | Airflow Service Company, Inc
Unaudited Pro Forma Statement of Operations
Business combination costs				$ 12,000							12,000
Adjustment to reverse acquisition-related fees and expenses | ConnectM Before Business Combination | Florida Solar Products, Inc
Unaudited Pro Forma Statement of Operations
Business combination costs		$ 30,000									$ 30,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Property and Equipment	$ 1,618,000	$ 1,586,000
Less: Accumulated Depreciation	(622,000)	(448,000)
Property, plant and equipment, net	996,000	1,138,000
Furniture and Fixtures
PROPERTY AND EQUIPMENT
Property and Equipment	97,000	91,000
Machinery and Equipment
PROPERTY AND EQUIPMENT
Property and Equipment	69,000	62,000
Vehicles
PROPERTY AND EQUIPMENT
Property and Equipment	860,000	814,000
Building
PROPERTY AND EQUIPMENT
Property and Equipment	575,000	570,000
Building Improvements [Member]
PROPERTY AND EQUIPMENT
Property and Equipment	$ 17,000	49,000
ConnectM Before Business Combination
PROPERTY AND EQUIPMENT
Property and Equipment		1,586,178	$ 1,272,837
Less: Accumulated Depreciation		(448,479)	(191,880)
Property, plant and equipment, net		1,137,699	1,080,957
ConnectM Before Business Combination | Furniture and Fixtures
PROPERTY AND EQUIPMENT
Property and Equipment		90,661	35,279
ConnectM Before Business Combination | Machinery and Equipment
PROPERTY AND EQUIPMENT
Property and Equipment		61,731	87,071
ConnectM Before Business Combination | Vehicles
PROPERTY AND EQUIPMENT
Property and Equipment		814,531	531,232
ConnectM Before Business Combination | Property improvements
PROPERTY AND EQUIPMENT
Property and Equipment		49,255	49,255
ConnectM Before Business Combination | Building
PROPERTY AND EQUIPMENT
Property and Equipment		$ 570,000	$ 570,000

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Depreciation expense	$ 55,000	$ 45,000	$ 188,000	$ 201,000
ConnectM Before Business Combination
Net book value of abandoned vehicles					$ 29,242
Depreciation expense					$ 259,222	$ 132,890

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
INTANGIBLE ASSETS
Gross Amount	$ 2,907,000		$ 2,907,000		$ 2,969,000
Accumulated Amortization	1,056,000		1,056,000		1,128,000
Net Amount	1,851,000		1,851,000		1,841,000
Amortization of intangible assets	100,000	$ 100,000	319,000	$ 377,000
Capitalized costs	$ 200,000		$ 200,000
ConnectM Before Business Combination
INTANGIBLE ASSETS
Gross Amount					2,968,803	$ 3,126,940
Accumulated Amortization					(1,127,928)	(785,381)
Net Amount					1,840,875	2,341,559
Amortization of intangible assets					517,175	352,593
Capitalized costs					97,446
ConnectM Before Business Combination | Customer relationships
INTANGIBLE ASSETS
Gross Amount					1,445,000	1,523,000
Accumulated Amortization					(582,256)	(379,742)
Net Amount					$ 862,744	1,143,258
Estimated useful life					15 years
ConnectM Before Business Combination | Tradename
INTANGIBLE ASSETS
Gross Amount					$ 923,000	999,000
Accumulated Amortization					(216,501)	(173,777)
Net Amount					706,499	825,223
ConnectM Before Business Combination | Noncompetition agreements
INTANGIBLE ASSETS
Gross Amount					126,000	169,000
Accumulated Amortization					(82,037)	(77,282)
Net Amount					$ 43,963	91,718
Estimated useful life					5 years
ConnectM Before Business Combination | Intellectual property
INTANGIBLE ASSETS
Gross Amount					$ 35,186	35,186
Accumulated Amortization					(20,073)	(15,613)
Net Amount					15,113	19,573
ConnectM Before Business Combination | Internally developed software
INTANGIBLE ASSETS
Gross Amount					439,617	400,754
Accumulated Amortization					(227,061)	(138,967)
Net Amount					$ 212,556	$ 261,787
Estimated useful life					3 years
ConnectM Before Business Combination | Maximum
INTANGIBLE ASSETS
Estimated useful life					15 years
ConnectM Before Business Combination | Maximum | Tradename
INTANGIBLE ASSETS
Estimated useful life					10 years
ConnectM Before Business Combination | Maximum | Intellectual property
INTANGIBLE ASSETS
Estimated useful life					15 years
ConnectM Before Business Combination | Minimum
INTANGIBLE ASSETS
Estimated useful life					3 years
ConnectM Before Business Combination | Minimum | Tradename
INTANGIBLE ASSETS
Estimated useful life					3 years
ConnectM Before Business Combination | Minimum | Intellectual property
INTANGIBLE ASSETS
Estimated useful life					3 years

INTANGIBLE ASSETS - Expected am

INTANGIBLE ASSETS - Expected amortization expense (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Expected amortization expense
Total	$ 1,679,000
ConnectM Before Business Combination
Expected amortization expense
2024		$ 420,676
2025		306,065
2026		240,851
2027		184,593
2028		156,170
Thereafter		435,074
Total		$ 1,743,429

INTANGIBLE ASSETS - Impairment

INTANGIBLE ASSETS - Impairment of Long-Lived Assets Other than Goodwill (Details) - ConnectM Before Business Combination - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Customer relationships
INTANGIBLE ASSETS
Asset impairment charges		$ 41,747
Tradename
INTANGIBLE ASSETS
Asset impairment charges		55,569
Noncompetition agreements
INTANGIBLE ASSETS
Asset impairment charges	$ 24,750	$ 1,247

GOODWILL (Details)

GOODWILL (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 2,247,000
Impairment	0
Ending balance	3,037,000	$ 2,247,000
ConnectM Before Business Combination
Goodwill [Roll Forward]
Beginning balance	2,246,619	2,403,722	$ 378,225
Acquisitions			2,516,233
Impairment		(157,103)	(490,736)
Ending balance		2,246,619	2,403,722
ConnectM Before Business Combination | Electrification
Goodwill [Roll Forward]
Beginning balance	639,972	797,075	378,225
Acquisitions			909,586
Impairment		(157,103)	(490,736)
Ending balance		639,972	797,075
ConnectM Before Business Combination | Decarbonization
Goodwill [Roll Forward]
Beginning balance	$ 1,606,647	1,606,647
Acquisitions			1,606,647
Ending balance		$ 1,606,647	$ 1,606,647

CONVERTIBLE NOTE RECEIVABLE (De

CONVERTIBLE NOTE RECEIVABLE (Details) - USD ($)	1 Months Ended			9 Months Ended	12 Months Ended
	Nov. 30, 2023	Sep. 30, 2023	Aug. 31, 2023	Sep. 30, 2023	Dec. 31, 2023
CONVERTIBLE NOTE RECEIVABLE
Issuance of convertible notes				$ 375,000
Convertible note receivable					$ 445,000
ConnectM Before Business Combination
CONVERTIBLE NOTE RECEIVABLE
Issuance of convertible notes					$ 445,000
Conversion price per warrant					$ 1
Convertible note receivable					$ 445,000
ConnectM Before Business Combination | Related Party | Monterey Capital Acquisition Corporation
CONVERTIBLE NOTE RECEIVABLE
Issuance of convertible notes	$ 445,000	$ 445,000	$ 445,000

LEASES (Details)

LEASES (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Finance lease costs
ROU amortization on finance leases	$ 86,000	$ 134,000
Payment on finance leases	$ (73,000)	$ (111,000)
ConnectM Before Business Combination
LEASES
Lease extension term			5 years
Lessee, Operating Lease, Existence of Option to Extend			true
Lessee, Operating Lease, Existence of Option to Terminate			true
Components of lease expenses
Operating lease costs			$ 168,995	$ 111,062
Finance lease costs
ROU amortization on finance leases			118,851	87,184
Interest on lease liabilities			18,956	26,643
Total lease costs			306,802	224,889
Operating cash outflows from operating leases			(166,060)	(109,952)
Payment on finance leases			$ (90,409)	$ (57,098)
Weighted-average remaining lease term, Operating leases (in years)			2 years 6 months 7 days
Weighted-average remaining lease term, Finance leases (in years)			2 years 6 months 18 days
Weighted-average discount rate, Operating leases			8%
Weighted-average discount rate, Finance leases			8%
ConnectM Before Business Combination | Minimum
LEASES
Operating lease remaining term			1 year
ConnectM Before Business Combination | Maximum
LEASES
Operating lease remaining term			5 years

LEASES - Maturities of lease li

LEASES - Maturities of lease liabilities (Details) - ConnectM Before Business Combination	Dec. 31, 2023 USD ($)
Finance Leases
2024	$ 118,020
2025	116,266
2026	65,393
2027	24,840
Total undiscounted lease payments	324,519
Less: imputed interest	(22,333)
Finance lease liabilities	302,186
Operating Leases
2024	120,425
2025	119,007
2026	51,434
2027	23,218
Total undiscounted lease payments	314,084
Less: imputed interest	(26,237)
Operating lease liabilities	287,847
Total
2024	238,445
2025	235,273
2026	116,827
2027	48,058
Total undiscounted lease payments	638,603
Less: imputed interest	(48,570)
Total lease liabilities	$ 590,033

Debt (Details)

Debt (Details)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Nov. 29, 2023 USD ($)

Nov. 02, 2023 USD ($)

Aug. 07, 2023 USD ($)

Apr. 25, 2023 USD ($)

Feb. 28, 2023 USD ($) item

Feb. 22, 2023 USD ($) $ / shares

Feb. 01, 2023 USD ($) item

Jul. 01, 2022 USD ($) item

Apr. 01, 2022 USD ($) item

Jun. 18, 2021 USD ($)

May 18, 2021 USD ($)

Dec. 01, 2020 USD ($)

Jun. 05, 2020 USD ($)

Jan. 31, 2023 USD ($)

Sep. 30, 2022 USD ($)

Feb. 28, 2022 USD ($) item $ / shares shares

Sep. 30, 2024 INR (₨)

Sep. 30, 2024 USD ($)

Sep. 30, 2024 INR (₨)

Sep. 30, 2023 USD ($)

Dec. 31, 2023 USD ($) item shares

Dec. 31, 2022 USD ($) item $ / shares

Dec. 31, 2021 USD ($)

Jul. 12, 2024 USD ($)

Dec. 31, 2023 INR (₨) item

Dec. 31, 2022 INR (₨)

Dec. 29, 2022 USD ($)

Dec. 28, 2022 USD ($)

Dec. 18, 2022

May 04, 2020 USD ($)

Sep. 30, 2016 INR (₨)

Debt Instrument [Line Items]

Interest rate (in percent)

5%

Amortization expense related to the debt discount

$ 60,000

$ 250,000

Exercise price of warrants (in dollars per share) | $ / shares

$ 3.61

Amount of notes issued

740,000

900,000

Principal amount of debt

$ 3,800,000

Interest expense recognized | ₨

₨ 238,767

₨ 238,767

Proceeds from the issuance of debt

5,874,000

$ 6,828,000

Loss on extinguishment of debt

(592,000)

Vehicle Notes

Debt Instrument [Line Items]

Remaining outstanding balance

$ 500,000

$ 500,000

Vehicle Notes | Minimum

Debt Instrument [Line Items]

Interest rate (in percent)

4.99%

Required periodic payments

$ 435

Vehicle Notes | Maximum

Debt Instrument [Line Items]

Interest rate (in percent)

17.37%

Required periodic payments

$ 1,628

BAC Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

56,000

84,000

Principal amount of debt

$ 200,000

Required periodic payments

$ 4,000

ACA Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

$ 100,000

100,000

Principal amount of debt

200,000

Required periodic payments

$ 4,000

BHC Sellers Note

Debt Instrument [Line Items]

Remaining outstanding balance

200,000

400,000

Principal amount of debt

$ 600,000

Basis spread on variable rate (in percent)

1.40%

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:FederalFundsEffectiveSwapRateMember

AFS Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

400,000

500,000

Principal amount of debt

600,000

Required periodic payments

$ 46,000

FSP Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

800,000

800,000

Principal amount of debt

$ 900,000

Required periodic payments

$ 17,000

Real Estate Promissory Note

Debt Instrument [Line Items]

Remaining outstanding balance

$ 400,000

400,000

Principal amount of debt

$ 400,000

ConnectM Before Business Combination

Debt Instrument [Line Items]

Debt discount

32,224

$ 59,844

Amortization expense related to the debt discount

346,557

23,017

Remaining outstanding balance

13,203,722

6,241,058

Required periodic payments

$ 17,400

Incremental fee incurred from amendment to agreement

$ 100,000

Loss on extinguishment of debt

(370,320)

ConnectM Before Business Combination | Secured Promissory Note Agreement

Debt Instrument [Line Items]

Remaining outstanding balance

7,410,000

1,900,000

ConnectM Before Business Combination | Promissory Notes, 2022 [Member]

Debt Instrument [Line Items]

Number of lenders | item

2

Interest rate (in percent)

9.25%

Increased annual simple rate upon the occurrence of an Event of Default (in percent)

12%

Event of Default, period of non payment of installment of principal or interest continues after the due date

30 days

Event of Default, period over which the breach of any material covenant or other term or condition continues after the Company shall have received written notice from any lender

30 days

Event of Default, period over which the false or misleading representation or warranty continues after the Company shall have received written notice from any lender

45 days

Event of Default, period over which the any proceedings or action, relating to bankruptcy or insolvency remains unvacated, unbonded or unstayed

90 days

Event of Default, Minimum amount of money judgment, writ or similar final process entered or filed against the Company or any of its property or other assets

$ 1,000,000

Event of Default, period over which any money judgment, writ or similar final process, granting injunctive relief, remains unvacated, unbonded or unstayed

90 days

Debt discount

$ 82,861

32,224

59,844

Amortization expense related to the debt discount

$ 27,620

23,017

Number of warrants issued (in shares) | shares

23,332

Exercise price of warrants (in dollars per share) | $ / shares

$ 12

Fair value of warrants

$ 82,861

Term of warrants

10 years

ConnectM Before Business Combination | Promissory Notes, 2023 [Member]

Debt Instrument [Line Items]

Number of warrants issued (in shares) | shares

0

Amount of notes issued

$ 5,510,000

ConnectM Before Business Combination | Promissory Notes, 2023 [Member] | Minimum

Debt Instrument [Line Items]

Interest rate (in percent)

18%

18%

ConnectM Before Business Combination | Promissory Notes, 2023 [Member] | Maximum

Debt Instrument [Line Items]

Interest rate (in percent)

24%

24%

ConnectM Before Business Combination | Convertible Notes

Debt Instrument [Line Items]

Interest rate (in percent)

5%

Increased annual simple rate upon the occurrence of an Event of Default (in percent)

8%

Event of Default, period over which the breach of any material covenant or other term or condition continues after the Company shall have received written notice from any lender

30 days

Event of Default, period over which the false or misleading representation or warranty continues after the Company shall have received written notice from any lender

30 days

Event of Default, period over which the any proceedings or action, relating to bankruptcy or insolvency remains unvacated, unbonded or unstayed

90 days

Event of Default, Minimum amount of money judgment, writ or similar final process entered or filed against the Company or any of its property or other assets

$ 100,000

Event of Default, period over which any money judgment, writ or similar final process, granting injunctive relief, remains unvacated, unbonded or unstayed

90 days

Amount of notes issued

$ 1,350,000

$ 900,000

Threshold maximum percentage of price per share to be sold in a financing event, considered as denominator for determination of conversion quotient

80%

Threshold maximum price per share to be sold in a financing event, considered as denominator for determination of conversion quotient | $ / shares

$ 7

Event of Default, period over which the failure to pay any installment of principal or interest on any debt continues after receipt of notice thereof from the respective holder of such debt

15 days

Remeasurement gain

25,446

45,869

Unpaid principal balance

2,250,000

1,350,000

ConnectM Before Business Combination | Convertible Notes | Minimum

Debt Instrument [Line Items]

Term

2 years

ConnectM Before Business Combination | Small Business Administration (SBA) Loans

Debt Instrument [Line Items]

Remaining outstanding balance

768,956

775,000

Principal amount of debt

$ 150,000

Required periodic payments

$ 731

Required monthly payments period

30 years

ConnectM Before Business Combination | Small Business Administration Loans, One [Member]

Debt Instrument [Line Items]

Interest rate (in percent)

3.75%

Remaining outstanding balance

475,000

$ 475,000

Principal amount of debt

$ 475,000

Required periodic payments

$ 1,484

Required monthly payments period

30 years

ConnectM Before Business Combination | Small Business Administration Loans, In Connection With Business Acquisition [Member]

Debt Instrument [Line Items]

Interest rate (in percent)

3.75%

3.75%

Remaining outstanding balance

293,956

$ 300,000

Required periodic payments

$ 731

Required monthly payments period

30 years

Number of additional loans | item

2

ConnectM Before Business Combination | Small Business Administration Loans, In Connection With Business Acquisition, One [Member]

Debt Instrument [Line Items]

Principal amount of debt

$ 150,000

ConnectM Before Business Combination | Small Business Administration Loans, In Connection With Business Acquisition, Two [Member]

Debt Instrument [Line Items]

Principal amount of debt

150,000

ConnectM Before Business Combination | Paycheck Protection Program (PPP) Loans

Debt Instrument [Line Items]

Remaining outstanding balance

59,350

100,740

Principal amount of debt

$ 151,000

ConnectM Before Business Combination | Vehicle Notes

Debt Instrument [Line Items]

Remaining outstanding balance

$ 497,957

281,003

Total number of loans | item

12

12

ConnectM Before Business Combination | Vehicle Notes | Minimum

Debt Instrument [Line Items]

Interest rate (in percent)

4.99%

4.99%

Required periodic payments

$ 435

ConnectM Before Business Combination | Vehicle Notes | Maximum

Debt Instrument [Line Items]

Interest rate (in percent)

17.37%

17.37%

Required periodic payments

$ 1,628

ConnectM Before Business Combination | BAC Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

83,810

123,867

Principal amount of debt

$ 200,000

Required periodic payments

$ 3,867

ConnectM Before Business Combination | ACA Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

124,627

160,890

Principal amount of debt

$ 225,000

Required periodic payments

$ 4,350

ConnectM Before Business Combination | CSH Sellers Notes

Debt Instrument [Line Items]

Remaining outstanding balance

$ 234,734

330,928

ConnectM Before Business Combination | First CSH Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

5%

5%

Remaining outstanding balance

$ 117,367

165,464

Principal amount of debt

$ 200,000

Required periodic payments

$ 13,869

Number of equal installments of required periodic payments | item

16

ConnectM Before Business Combination | Second CSH Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

5%

5%

Remaining outstanding balance

$ 117,367

165,464

Principal amount of debt

200,000

Required periodic payments

$ 13,869

Number of equal installments of required periodic payments | item

16

ConnectM Before Business Combination | BHC Sellers Note

Debt Instrument [Line Items]

Remaining outstanding balance

400,000

$ 600,000

Principal amount of debt

$ 600,000

Number of equal installments of required periodic payments | item

3

Basis spread on variable rate (in percent)

3%

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:FederalFundsEffectiveSwapRateMember

Average interest rate (in percent)

7.50%

7.50%

ConnectM Before Business Combination | AFS Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

6%

Remaining outstanding balance

$ 462,531

$ 612,808

Principal amount of debt

649,000

Required periodic payments

$ 45,927

Number of equal installments of required periodic payments | item

16

ConnectM Before Business Combination | FSP Seller Note

Debt Instrument [Line Items]

Interest rate (in percent)

6%

Remaining outstanding balance

768,063

900,000

Principal amount of debt

$ 900,000

Number of equal installments of required periodic payments | item

60

ConnectM Before Business Combination | Real Estate Promissory Note

Debt Instrument [Line Items]

Remaining outstanding balance

$ 370,000

370,000

Principal amount of debt

$ 370,000

ConnectM Before Business Combination | Promissory Note- Related Party

Debt Instrument [Line Items]

Interest rate (in percent)

14%

14%

Remaining outstanding balance

$ 85,437

85,822

₨ 7,100,000

₨ 7,100,000

Principal amount of debt | ₨

₨ 90,000,000

Interest expense recognized

12,040

12,654

Interest expense accrued

64,612

$ 75,087

ConnectM Before Business Combination | Business Line of Credit

Debt Instrument [Line Items]

Interest rate (in percent)

13%

Amounts borrowed

$ 74,400

Maximum borrowing capacity

$ 74,400

ConnectM Before Business Combination | Libertas (Sale of Future Receipts)

Debt Instrument [Line Items]

Remaining outstanding balance

1,938,257

Loss on extinguishment of debt

370,320

ConnectM Before Business Combination | Libertas (Sale of Future Receipts) | Loss on extinguishment of debt

Debt Instrument [Line Items]

Interest expense recognized

662,400

ConnectM Before Business Combination | Libertas (Sale of Future Receipts) | Interest expense

Debt Instrument [Line Items]

Interest expense recognized

318,937

ConnectM Before Business Combination | Libertas (Sale of Future Receipts), April

Debt Instrument [Line Items]

Debt discount

421,144

Future Receipts sold and assigned

1,597,144

Proceeds from the issuance of debt

1,176,000

Fee received for Future Receipts sold and assigned

24,000

Minimum weekly sales receipts agreed to pay

$ 17,700

$ 30,174

Amount of debt forgiven

$ 162,080

162,080

ConnectM Before Business Combination | Libertas (Sale of Future Receipts), August

Debt Instrument [Line Items]

Debt discount

$ 310,000

Required periodic payments

25,595

Future Receipts sold and assigned

1,290,000

Proceeds from the issuance of debt

980,000

Fee received for Future Receipts sold and assigned

$ 20,000

Amount of debt forgiven

$ 130,000

$ 130,000

Incremental fee incurred from amendment to agreement

221,000

Incremental amount to be borrowed

$ 370,543

Debt - Estimated Maturities on

Debt - Estimated Maturities on all Debt (Details) - ConnectM Before Business Combination - USD ($)	Dec. 31, 2023	Dec. 31, 2022
2024	$ 12,021,017
2025	2,093,827
2026	312,559
2027	115,029
2028	79,762
Thereafter	727,989
Total debt, net of debt discount	$ 15,350,183	$ 7,485,345

Debt - Summary of all Debt (Det

Debt - Summary of all Debt (Details) ₨ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 INR (₨)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 INR (₨)	May 18, 2021 USD ($)
Vehicle Notes
Debt
Outstanding	$ 500,000	$ 500,000
BAC Seller Note
Debt
Outstanding	56,000	84,000
ACA Seller Note
Debt
Outstanding	100,000					$ 100,000
BHC Seller Note [Member]
Debt
Outstanding	200,000	400,000
AFS Seller Note
Debt
Outstanding	400,000	500,000
FSP Seller Note
Debt
Outstanding	800,000	800,000
Real Estate Promissory Note
Debt
Outstanding	$ 400,000	400,000
ConnectM Before Business Combination
Debt
Outstanding		13,203,722		$ 6,241,058
Less: Debt discounts		(32,224)		(59,844)
Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing		13,171,498		6,181,214
Convertible Debt		2,178,685		1,304,131
Total debt, net of debt discount		15,350,183		7,485,345
ConnectM Before Business Combination | Secured Promissory Notes
Debt
Outstanding		7,410,000		1,900,000
ConnectM Before Business Combination | Small Business Administration (SBA) Loans
Debt
Outstanding		768,956		775,000
ConnectM Before Business Combination | Paycheck Protection Program (PPP) Loans
Debt
Outstanding		59,350		100,740
ConnectM Before Business Combination | Vehicle Notes
Debt
Outstanding		497,957		281,003
ConnectM Before Business Combination | BAC Seller Note
Debt
Outstanding		83,810		123,867
ConnectM Before Business Combination | ACA Seller Note
Debt
Outstanding		124,627		160,890
ConnectM Before Business Combination | CSH Sellers Notes
Debt
Outstanding		234,734		330,928
ConnectM Before Business Combination | BHC Seller Note [Member]
Debt
Outstanding		400,000		600,000
ConnectM Before Business Combination | AFS Seller Note
Debt
Outstanding		462,531		612,808
ConnectM Before Business Combination | FSP Seller Note
Debt
Outstanding		768,063		900,000
ConnectM Before Business Combination | Real Estate Promissory Note
Debt
Outstanding		370,000		370,000
ConnectM Before Business Combination | Promissory Note- Related Party
Debt
Outstanding		85,437	₨ 7.1	$ 85,822	₨ 7.1
ConnectM Before Business Combination | Libertas (Sale of Future Receipts)
Debt
Outstanding		$ 1,938,257

INCOME TAXES (Details)_2

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Deferred
Total income taxes	$ 0	$ 0	$ 0	$ 0
Effective tax rate differs from statutory rate (in percent)	21%	21%	21%	21%
ConnectM Before Business Combination
Deferred
Federal						$ (512,025)
State						(29,381)
Total Deferred						(541,406)
Total income taxes						$ (541,406)
Effective tax rate differs from statutory rate (in percent)					21%
State income tax rate (in percent)					6.32%
Foreign income tax rate (in percent)					18%
Effective tax rate (in percent)					0%	13.19%
Tax Reconciliation Not Required					true

INCOME TAXES - Deferred income

INCOME TAXES - Deferred income tax assets, net (Details) - ConnectM Before Business Combination - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Depreciation		$ 35,967
Other	$ 4,266	1,386
ROU asset	157,555	201,556
Net operating losses	5,408,937	3,038,057
Deferred tax assets	5,570,758	3,276,966
Less: Valuation allowance	(5,207,943)	(2,788,979)
Total deferred tax assets	362,815	487,987
Deferred tax liabilities
Depreciation, amortization, and impairment	(219,512)	(316,895)
Lease assets	(143,303)	(171,092)
Deferred tax liabilities	(362,815)	(487,987)
Federal and state net operating loss carryforwards subject to expiration	20,000,792	$ 11,214,397
Federal and state net operating loss carryforwards carried forward indefinitely	$ 18,703,617

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - ConnectM Before Business Combination	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
FAIR VALUE MEASUREMENTS
Estimated fair value adjustment of convertible debt	$ 25,446	$ 45,869
Discount rate
FAIR VALUE MEASUREMENTS
Measurement input	15
Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	$ 13,203,722	6,241,058
Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	11,426,173	4,429,402
Secured Promissory Note Agreement | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	7,140,000	1,900,000
Secured Promissory Note Agreement | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	6,737,792	1,457,711
Libertas | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	1,938,257
Libertas | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	1,794,682
SBA Loans | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	768,956	775,000
SBA Loans | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	254,614	215,424
PPP Loan | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	59,350	100,740
PPP Loan | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	53,750	81,568
Vehicle Notes | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	497,957	281,003
Vehicle Notes | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	395,887	208,491
Seller and Real Estate Notes | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	2,443,765	3,098,493
Seller and Real Estate Notes | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	2,121,626	2,407,799
Related Party Notes | Non-recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	85,437	85,822
Related Party Notes | Non-recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	67,822	58,409
Convertible Debt | Recurring | Carrying Amount
FAIR VALUE MEASUREMENTS
Debt	2,178,685	1,304,131
Convertible Debt | Recurring | Estimated Fair Value
FAIR VALUE MEASUREMENTS
Debt	$ 2,178,685	$ 1,304,131

CONVERTIBLE PREFERRED SHARES (D

CONVERTIBLE PREFERRED SHARES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONVERTIBLE PREFERRED SHARES
Total mezzanine equity	$ 11,983,000
ConnectM Before Business Combination
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	2,517,166
Convertible Preferred Shares, issued	2,427,791
Total mezzanine equity	$ 11,982,284	$ 11,982,284
ConnectM Before Business Combination | Series Seed Convertible Preferred Shares
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	644,030	644,030
Convertible Preferred Shares, issued	644,030	644,030
Convertible Preferred Shares, outstanding	644,030	644,030	644,030
Issuance Price	$ 3.42
Total mezzanine equity	$ 2,200,000	$ 2,200,000	$ 2,200,000
ConnectM Before Business Combination | Series Seed-1 Convertible Preferred Shares
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	91,120	91,120
Convertible Preferred Shares, issued	91,120	91,120
Convertible Preferred Shares, outstanding	91,120	91,120	91,120
Issuance Price	$ 3.21
Total mezzanine equity	$ 292,625	$ 292,625	$ 292,625
ConnectM Before Business Combination | Series A1 Convertible Preferred Shares
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	743,068	743,068
Convertible Preferred Shares, issued	743,068	743,068
Convertible Preferred Shares, outstanding	743,068	743,068	743,068
Issuance Price	$ 4.3
Total mezzanine equity	$ 3,195,192	$ 3,195,192	$ 3,195,192
ConnectM Before Business Combination | Series B1 Convertible Preferred Shares
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	649,843	649,843
Convertible Preferred Shares, issued	649,843	649,843
Convertible Preferred Shares, outstanding	649,843	649,843	649,843
Issuance Price	$ 6.13
Total mezzanine equity	$ 3,983,538	$ 3,983,538	$ 3,983,538
ConnectM Before Business Combination | Series B2 Convertible Preferred Shares
CONVERTIBLE PREFERRED SHARES
Convertible Preferred Shares, authorized	299,730	299,730
Convertible Preferred Shares, issued	299,730	299,730
Convertible Preferred Shares, outstanding	299,730	299,730	142,730
Issuance Price	$ 7.71
Total mezzanine equity	$ 2,310,929	$ 2,310,929	$ 1,100,445

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2024	Dec. 31, 2023
STOCKHOLDERS' DEFICIT
Common stock, shares authorized		100,000,000	100,000,000
Common stock, shares issued		21,124,057	5,291,381
Common stock, shares outstanding		21,124,057	5,291,381
Exercise price of warrants	$ 3.61
Warrant exercisable in to shares	1
Warrants outstanding, Beginning		13,067,494	77,494
ConnectM Before Business Combination
STOCKHOLDERS' DEFICIT
Common stock, shares authorized	5,000,000		5,000,000
Common stock, shares issued	1,551,395		1,588,141
Common stock, shares outstanding	1,551,395		1,588,141
Warrants outstanding, Beginning	23,332		23,332
ConnectM Before Business Combination | Equity warrants
STOCKHOLDERS' DEFICIT
Fair Value of warrants	$ 82,261
Exercise price of warrants			$ 12
Warrant exercisable in to shares			1
Warrants outstanding, Beginning	23,332		23,332

STOCKHOLDERS' DEFICIT - Warrant

STOCKHOLDERS' DEFICIT - Warrants activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Outstanding at ending	77,494
ConnectM Before Business Combination
Outstanding at beginning	23,332
Outstanding at ending	23,332	23,332
Weighted average Exercise Price, Beginning	$ 12
Weighted average Exercise Price, Ending	$ 12	$ 12
Weighted Average Remaining Contractual Life	8 years 1 month 24 days	9 years 1 month 24 days

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	May 31, 2019	Mar. 22, 2019
Incentive units authorized						753,947
Option, Outstanding	473,929			473,929
Number of awards authorized						753,947
Number of incentive units issued		0	0
Options
Outstanding at beginning	473,929
Outstanding at ending	473,929			473,929
Vested and exercisable at ending	470,601
Weighted-average Exercise Price
Outstanding at beginning	$ 0.7
Outstanding at ending	0.7			$ 0.7
Vested and exercisable at ending	$ 0.69
Weighted-average Remaining Contractual Life
Outstanding at ending	4 years 5 months 26 days			5 years 2 months 26 days
Vested and exercisable at ending	4 years 5 months 23 days
Aggregate Intrinsic Value
Outstanding at ending	$ 263,882			$ 666,860
Vested and exercisable at ending	$ 263,882
ConnectM Before Business Combination
Incentive units authorized							227,000
Share-based compensation expense				$ 407	$ 11,994
Option, Outstanding				142,692	142,692
Share-based compensation expense remaining				$ 700
Incentive units issued				0	0
Number of awards authorized							227,000
Options
Outstanding at beginning	142,692	142,692		142,692
Outstanding at ending				142,692	142,692
Weighted-average Exercise Price
Outstanding at beginning	$ 2.33	$ 2.33		$ 2.33
Outstanding at ending				$ 2.33	$ 2.33
Weighted-average Remaining Contractual Life
Outstanding at ending				5 years 2 months 26 days	6 years 2 months 26 days
Vested and exercisable at ending				5 years 2 months 19 days
Aggregate Intrinsic Value
Outstanding at ending				$ 666,860	$ 768,171
Vested and exercisable at ending				$ 664,474

STOCK BASED COMPENSATION - Summ

STOCK BASED COMPENSATION - Summary of option activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Options
Outstanding at beginning	473,929
Option, Outstanding	473,929	473,929
Weighted-average Exercise Price
Outstanding at beginning	$ 0.7
Weighted average Exercise Price, Outstanding	$ 0.7	$ 0.7
Weighted-average Remaining Contractual Life
Weighted average Remaining Contractual Life, Outstanding	4 years 5 months 26 days	5 years 2 months 26 days
Weighted average Remaining Contractual Life, Vested and Exercisable	4 years 5 months 23 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding	$ 263,882	$ 666,860
Aggregate Intrinsic Value, Vested and exercisable	$ 263,882
ConnectM Before Business Combination
Options
Outstanding at beginning	142,692	142,692
Option, Outstanding		142,692	142,692
Vested and Exercisable		139,283
Weighted-average Exercise Price
Outstanding at beginning	$ 2.33	$ 2.33
Weighted average Exercise Price, Outstanding		2.33	$ 2.33
Vested and Exercisable		$ 2.23
Weighted-average Remaining Contractual Life
Weighted average Remaining Contractual Life, Outstanding		5 years 2 months 26 days	6 years 2 months 26 days
Weighted average Remaining Contractual Life, Vested and Exercisable		5 years 2 months 19 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding		$ 666,860	$ 768,171
Aggregate Intrinsic Value, Vested and exercisable		$ 664,474

MERGER AGREEMENT (Details)

MERGER AGREEMENT (Details) - USD ($)		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2024	Jul. 12, 2024
Business Acquisition [Line Items]
Common shares, par value (in dollars per share)		$ 0.0001		$ 0.0001	$ 0.0001
Preferred shares, par value (in dollars per share)				$ 0.0001	0.0001
MCAC
Business Acquisition [Line Items]
Common shares, par value (in dollars per share)		0.0001			$ 0.0001
Preferred shares, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Transaction expenses		$ 1,200,000	$ 600,000
ConnectM Before Business Combination
Business Acquisition [Line Items]
Common shares, par value (in dollars per share)	0.0001	$ 0.0001	$ 0.0001
Preferred shares, par value (in dollars per share)	$ 0.0001		$ 0.0001
Transaction expenses	$ 8,000,000
Maximum cure period for breaches that are curable	30 days
Threshold period of written notice for termination if stockholders not approved the merger agreement	2 days
Threshold period of written notice for termination if board of directors shall have publicly withdrawn, modified, withheld or changed its recommendation to vote in favor of the merger and other proposals	15 days
Maximum transactions expenses reimbursable in the event of termination	$ 1,200,000
ConnectM Before Business Combination | MCAC
Business Acquisition [Line Items]
Merger Consideration ( in shares)	14,500,000

RETIREMENT PLANS (Details)

RETIREMENT PLANS (Details) - ConnectM Before Business Combination	12 Months Ended
	Dec. 31, 2023 USD ($)
RETIREMENT PLANS
Matching contribution percent	100%
Employees compensation percentage	3%
Contribution cost	$ 77,138
Minimum
RETIREMENT PLANS
Employee contribution percentage	1%
Maximum
RETIREMENT PLANS
Employee contribution percentage	100%

DUE FROM MONTEREY CAPITAL ACQ_2

DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION (Details) - ConnectM Before Business Combination - USD ($)	Dec. 11, 2023	Nov. 09, 2023	Aug. 11, 2023	May 09, 2023	Dec. 31, 2023
DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION
Due from Monterey Capital Acquisition Corporation					$ 2,491,431
Related Party | Monterey Capital Acquisition Corporation
DUE FROM MONTEREY CAPITAL ACQUISITION CORPORATION
Additional Extension Period of Time to Consummate Business Combination	1 month	1 month	3 months	3 months
Amount Deposited to Extend the Period of Time to Consummate Business Combination	$ 325,716	$ 325,715	$ 920,000	$ 920,000
Due from Monterey Capital Acquisition Corporation	$ 651,430		$ 920,000	$ 920,000

SUBSEQUENT EVENTS (Details)_2

SUBSEQUENT EVENTS (Details) - ConnectM Before Business Combination - Related Party - USD ($)	Mar. 10, 2024	Feb. 10, 2024	Jan. 30, 2024	Jan. 08, 2024	Jan. 04, 2024	Dec. 11, 2023	Nov. 09, 2023	Aug. 11, 2023	May 09, 2023
Monterey Capital Acquisition Corporation
SUBSEQUENT EVENTS
Additional extension period of time to consummate business combination						1 month	1 month	3 months	3 months
Amount deposited to extend the period of time to consummate business combination						$ 325,716	$ 325,715	$ 920,000	$ 920,000
SUBSEQUENT EVENTS | Libertas Funding, LLC
SUBSEQUENT EVENTS
Amount of future receipts sold and assigned			$ 2,600,000		$ 451,500
Net cash proceeds			2,077,011		343,000
Minimum weekly sale receipts agreed to pay until future receipts have been collected			$ 51,587		$ 8,958
Term of agreement			1 year		1 year
SUBSEQUENT EVENTS | Monterey Capital Acquisition Corporation
SUBSEQUENT EVENTS
Additional extension period of time to consummate business combination	1 month	1 month		1 month
Amount deposited to extend the period of time to consummate business combination	$ 325,715	$ 325,715		$ 325,715

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash	$ 1,882	$ 1,160
Accounts receivable, net	1,863	685
Contract asset		344
Convertible note receivable		445
Inventory	320	277
Deferred offering costs		1,297
Due from Monterey Capital Acquisition Corporation		2,491
Forward purchase agreement	2,196
Prepaid expenses and other assets	1,191	651
Total current assets	7,452	7,350
Right-of-use asset - operating lease	199	284
Right-of-use asset - finance lease	167	252
Property, plant and equipment, net	996	1,138
Goodwill	3,037	2,247
Intangible assets, net	1,851	1,841
Investment recorded at cost	45	45
Total Assets	13,747	13,157
Current liabilities
Accounts payable	10,357	3,860
Accrued expenses	4,631	1,718
Due to Libertas	1,057
Current portion of convertible debt, at fair value	4,392	2,179
Current portion of operating lease liability	114	115
Current portion of finance lease liability	114	99
Current portion of contingent consideration	199
Contract liabilities	662	1,121
Income taxes payable	386
Total current liabilities	38,649	21,112
Non-current portion of operating lease liability	118	173
Non-current portion of debt, related party	99
Non-current portion of finance lease liability	115	203
Noncurrent portion of debt, net of debt discount	1,417	1,150
Contingent Consideration	377
Total liabilities	40,775	22,638
Commitments and Contingencies (Note 9)
Mezzanine Equity
Total mezzanine equity		11,983
Stockholders' Deficit:
Common stock, $0.0001 par value, 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively, 21,124,057 and 5,291,381 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	2
Additional paid-in-capital	11,425	1,307
Accumulated deficit	(39,910)	(22,860)
Accumulated other comprehensive income	144	115
Stockholders' deficit	(28,340)	(21,438)
Noncontrolling interests	1,311	(26)
Total stockholders' deficit	(27,028)	(21,464)
Total liabilities, mezzanine equity and stockholders' deficit	13,747	13,157
Series Seed Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity		2,200
Series Seed-1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity		293
Series A-1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity		3,195
Series B-1 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity		3,984
Series B-2 Convertible Preferred Shares
Mezzanine Equity
Total mezzanine equity		2,311
Non-related party
Current liabilities
Current portion of debt	15,966	11,935
Related party
Current liabilities
Due to Libertas	686
Current portion of debt	$ 85	$ 85

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	21,124,057	5,291,381
Common stock, shares outstanding (in shares)	21,124,057	5,291,381
Preferred stock Series A
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Series Seed Convertible Preferred Shares
Convertible Preferred Shares, shares authorized ( in shares)	0	2,139,050
Convertible Preferred Shares, shares issued ( in shares)	0	0
Convertible Preferred Shares, shares outstanding (in shares)	2,139,050	2,139,050
Series Seed-1 Convertible Preferred Shares
Convertible Preferred Shares, shares authorized ( in shares)	0	302,642
Convertible Preferred Shares, shares issued ( in shares)	0	0
Convertible Preferred Shares, shares outstanding (in shares)	302,642	302,642
Series A-1 Convertible Preferred Shares
Convertible Preferred Shares, shares authorized ( in shares)	0	2,467,990
Convertible Preferred Shares, shares issued ( in shares)	0	0
Convertible Preferred Shares, shares outstanding (in shares)	2,467,990	2,467,990
Series B-1 Convertible Preferred Shares
Convertible Preferred Shares, shares authorized ( in shares)	0	2,158,357
Convertible Preferred Shares, shares outstanding (in shares)		2,158,357
Series B-2 Convertible Preferred Shares
Convertible Preferred Shares, shares authorized ( in shares)	0	995,509
Convertible Preferred Shares, shares outstanding (in shares)	995,509	995,509

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenues	$ 6,074,000	$ 4,384,000	$ 17,299,000	$ 15,484,000
Costs and expenses:
Cost of revenues	4,200,000	3,716,000	11,010,000	11,020,000
Selling, general and administrative expenses	4,900,000	2,843,000	11,773,000	8,780,000
Loss on impairment of intangible assets			406,000
Loss from operations	(3,026,000)	(2,175,000)	(5,890,000)	(4,316,000)
Other income (expense):
Interest expense	(667,000)	(472,000)	(1,820,000)	(902,000)
Loss on extinguishment of debt			(592,000)
Change in fair value of convertible notes	(1,623,000)	182,000	(1,623,000)	182,000
Change in fair value of forward purchase agreement	(8,575,000)		(8,575,000)
Gain on forward purchase agreement modification	1,443,000		1,443,000
Other income (expense), net	270,000	(149,000)	59,000	4,000
Total other income (expense)	(9,152,000)	(439,000)	(11,108,000)	(716,000)
Loss before income taxes	(12,178,000)	(2,614,000)	(16,998,000)	(5,032,000)
Income tax benefit	0	0	0	0
Net loss	(12,178,000)	(2,614,000)	(16,998,000)	(5,032,000)
Net income (loss) attributable to noncontrolling interests	60,000	(7,000)	52,000	(28,000)
Net loss attributable to shareholders'	(12,238,000)	(2,607,000)	(17,050,000)	(5,004,000)
Foreign currency translation adjustments	19,000	26,000	29,000	92,000
Comprehensive loss	(12,159,000)	(2,588,000)	(16,969,000)	(4,940,000)
Comprehensive income (loss) attributable to noncontrolling interest	60,000	(7,000)	52,000	(28,000)
Comprehensive loss attributable to common stockholders	$ (12,219,000)	$ (2,581,000)	$ (17,021,000)	$ (4,912,000)
Weighted average shares outstanding of Common Stock, basic (in shares)	20,171,922	21,124,057	15,643,799	21,124,057
Weighted average shares outstanding of Common Stock, diluted ( in shares)	20,171,922	21,124,057	15,643,799	21,124,057
Basic net loss per share, Common Stock ( in dollars per share)	$ (0.61)	$ (0.12)	$ (1.09)	$ (0.24)
Diluted net loss per share, Common Stock ( in dollars per share)	$ (0.61)	$ (0.12)	$ (1.09)	$ (0.24)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Series Seed Convertible Preferred Shares	Series Seed-1 Convertible Preferred Shares	Series A-1 Convertible Preferred Shares	Series B-1 Convertible Preferred Shares	Series B-2 Convertible Preferred Shares	Stockholders' Deficit	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Noncontrolling interest	Total
Ending balance at Dec. 31, 2022	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Ending balance (in shares) at Dec. 31, 2022	2,139,050	302,642	2,467,990	2,158,357	995,509
Ending balance at Dec. 31, 2022						$ (12,387)		$ 1,307	$ (13,711)	$ 18	$ 23	$ (12,364)
Ending balance (in shares) at Dec. 31, 2022							5,274,774
Ending balance at Sep. 30, 2023	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Ending balance (in shares) at Sep. 30, 2023	2,139,050	302,642	2,467,990	2,158,357	995,509
Increase (Decrease) in Stockholders' Equity
Other comprehensive income						92				92		92
Net loss						(5,004)			(5,004)		(28)	(5,032)
Ending balance at Sep. 30, 2023						(17,299)		1,307	(18,715)	110	(5)	(17,304)
Ending balance (in shares) at Sep. 30, 2023							5,274,774
Beginning balance at Dec. 31, 2022	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Beginning balance (in shares) at Dec. 31, 2022	2,139,050	302,642	2,467,990	2,158,357	995,509
Ending balance at Dec. 31, 2023	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311							11,983
Ending balance (in shares) at Dec. 31, 2023	2,139,050	302,642	2,467,990	2,158,357	995,509
Beginning balance at Dec. 31, 2022						(12,387)		1,307	(13,711)	18	23	(12,364)
Beginning balance (in shares) at Dec. 31, 2022							5,274,774
Ending balance at Dec. 31, 2023						(21,438)		1,307	(22,860)	115	(26)	(21,464)
Ending balance (in shares) at Dec. 31, 2023							5,291,381
Beginning balance at Jun. 30, 2023	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Beginning balance (in shares) at Jun. 30, 2023	2,139,050	302,642	2,467,990	2,158,357	995,509
Ending balance at Sep. 30, 2023	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Ending balance (in shares) at Sep. 30, 2023	2,139,050	302,642	2,467,990	2,158,357	995,509
Beginning balance at Jun. 30, 2023						(14,718)		1,307	(16,108)	84	2	(14,716)
Beginning balance (in shares) at Jun. 30, 2023							5,274,774
Increase (Decrease) in Stockholders' Equity
Other comprehensive income						26				26		26
Net loss						(2,607)			(2,607)		(7)	(2,614)
Ending balance at Sep. 30, 2023						(17,299)		1,307	(18,715)	110	(5)	(17,304)
Ending balance (in shares) at Sep. 30, 2023							5,274,774
Beginning balance at Dec. 31, 2023	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311							11,983
Beginning balance (in shares) at Dec. 31, 2023	2,139,050	302,642	2,467,990	2,158,357	995,509
Increase (Decrease) in Temporary Equity
Conversion of preferred shares	$ (2,200)	$ (293)	$ (3,195)	$ (3,984)	$ (2,311)
Conversion of preferred shares (in shares)	(2,139,050)	(302,642)	(2,467,990)	(2,158,357)	(995,509)
Ending balance (in shares) at Sep. 30, 2024	2,139,050	302,642	2,467,990		995,509
Beginning balance at Dec. 31, 2023						(21,438)		1,307	(22,860)	115	(26)	(21,464)
Beginning balance (in shares) at Dec. 31, 2023							5,291,381
Increase (Decrease) in Stockholders' Equity
Other comprehensive income						29				29		29
Business combination with MCAC, net of transaction costs						(5,729)	$ 1	(5,730)				(5,729)
Business combination with MCAC, net of transaction costs (in shares)							6,684,814
Asset acquisition with Delivery Circle											1,287	1,287
Conversion of preferred shares						11,983	$ 1	11,982				11,983
Conversion of preferred shares (in Shares)							8,063,663
Conversion of convertible debt						3,779		3,779				3,779
Conversion of convertible debt (in shares)							1,067,592
Noncontrolling interest ownership change						51		51			(2)	49
Issuance of common stock						35		35				35
Issuance of common stock (in shares)							16,607
Stock-based compensation expense						1		1				1
Net loss						(17,050)			(17,050)		52	(16,998)
Ending balance at Sep. 30, 2024						(28,340)	$ 2	11,425	(39,910)	144	1,311	(27,028)
Ending balance (in shares) at Sep. 30, 2024							21,124,057
Beginning balance at Jun. 30, 2024	$ 2,200	$ 293	$ 3,195	$ 3,984	$ 2,311
Beginning balance (in shares) at Jun. 30, 2024	2,139,050	302,642	2,467,990	2,158,357	995,509
Increase (Decrease) in Temporary Equity
Conversion of preferred shares	$ (2,200)	$ (293)	$ (3,195)	$ (3,984)	$ (2,311)
Conversion of preferred shares (in shares)	(2,139,050)	(302,642)	(2,467,990)	(2,158,357)	(995,509)
Ending balance (in shares) at Sep. 30, 2024	2,139,050	302,642	2,467,990		995,509
Beginning balance at Jun. 30, 2024						(26,153)		1,394	(27,672)	125	(36)	(26,189)
Beginning balance (in shares) at Jun. 30, 2024							5,307,988
Increase (Decrease) in Stockholders' Equity
Other comprehensive income						19				19		19
Business combination with MCAC, net of transaction costs						(5,729)	$ 1	(5,730)				(5,729)
Business combination with MCAC, net of transaction costs (in shares)							6,684,814
Asset acquisition with Delivery Circle											1,287	1,287
Conversion of preferred shares						11,983	$ 1	11,982				11,983
Conversion of preferred shares (in Shares)							8,063,663
Conversion of convertible debt						3,779		3,779				3,779
Conversion of convertible debt (in shares)							1,067,592
Net loss						(12,238)			(12,238)		60	(12,178)
Ending balance at Sep. 30, 2024						$ (28,340)	$ 2	$ 11,425	$ (39,910)	$ 144	$ 1,311	$ (27,028)
Ending balance (in shares) at Sep. 30, 2024							21,124,057

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (16,998)	$ (5,032)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	188	201
Amortization of intangible assets	319	377
Amortization of debt discount	60	250
Stock-based compensation expense	36
ROU amortization on finance leases	86	134
ROU amortization on operating leases	85	135
Gain on disposal of property and equipment		(22)
Loss on impairment of intangible assets	406
Loss on extinguishment of debt	592
Unrealized loss (gain) on fair value measurement of debt	1,623	(182)
Change in fair value of forward purchase agreement	8,575
Gain on modification of forward purchase agreement	(1,443)
Changes in operating assets and liabilities:
Accounts receivable	(559)	(52)
Contract asset	344
Inventory	(42)	(178)
Prepaid expenses	(26)	(68)
Accounts payable	2,722	531
Accrued expenses	1,296	386
Operating lease liabilities	(56)	(133)
Contract liabilities	(459)	130
Net cash used in operating activities	(3,251)	(3,523)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(59)	(49)
Proceeds from the sale of property and equipment		57
Investment in cost method investment		(45)
Issuance of convertible note		(375)
Cash paid for noncontrolling interest	(60)
Cash acquired in Delivery Circle Acquisition	699
Cash paid for capitalized software development costs	(129)	(35)
Net cash provided by (used in) investing activities	451	(447)
CASH FLOWS FROM FINANCING ACTIVITIES:
Gross proceeds from the business combination	80,095
Cash paid in connection with forward purchase agreement	(37,624)
Proceeds from forward purchase agreement	766
Proceeds from the issuance of debt	5,874	6,828
Proceeds from the issuance of convertible notes	740	900
Proceeds from related party debt	99
Cash paid for debt issuance costs	(788)	(731)
Payments of deferred offering costs	(1,243)	(1,782)
Payments of debt	(1,765)
Advance to Monterey Capital Acquisition Corporation	(1,934)
Advance from lender	1,057	(1,840)
Payments on convertible notes	(50)
Payments for redemptions of preferred stock	(41,653)
Payment on finance leases	(73)	(111)
Net cash provided by financing activities	3,501	3,264
Effect of exchange rate changes on cash and cash equivalents	21	102
Increase (decrease) in cash and cash equivalents	722	(604)
Cash, beginning of year	1,160	1,923
Cash, end of year	1,882	1,319
Supplemental disclosures of cash flow information:
Cash paid for interest	486	275
Supplemental disclosures of noncash financing information:
Recognition of right-of-use asset, operating		200
Recognition of right-of-use asset, finance		56
Vehicles acquired through issuance of debt		$ 316
Conversion of preferred stock to common stock	11,982
Conversion of convertible debt to common stock	3,779
Recapitalization of ACA noncontrolling interests	111
Prepaid insurance financed through funding agreement	$ 435

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES.
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) was originally incorporated on July 19, 2016, under the Commonwealth of Massachusetts. On March 22, 2019, the Company re-domesticated under the laws of the state of Delaware. ConnectM is a clean energy technology and solutions provider for residential and light commercial buildings and all-electric original equipment manufacturers (“OEMs”), with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The Company’s technology platform encompasses marketing to life cycle management, customer care to claims processing, finance to rebates/incentives. The Company’s architecture melds artificial intelligence with the humankind, and learns from the data it generates to become better at providing technology solutions to customers and quantifying customer lifetime value. In addition to digitizing electrification end-to-end, we also reimagined the underlying business model to minimize customer churn while maximizing trust and improving environmental impact. The Company uses its proprietary full-stack technology platform and network of electro-mechanical assets: Intelligent Heating, Ventilation and Air Conditioning (“HVAC”) appliances, Electric Vehicle (“EV”) chargers, and solar products to provide its full suite of services to its customers. The Company is headquartered in Marlborough, Massachusetts and has grown significantly through its acquisition-focused strategy. The Company’s unaudited condensed consolidated financial statements include the accounts of ConnectM, its fully owned subsidiaries and entities in which the Company owns a controlling financial interest. On July 12, 2024 (the “Closing Date”), ConnectM Technology Solutions, Inc., a Delaware corporation, consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022, by and among the Company, Chronos Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meeting of the stockholders of Monterrey Capital Acquisition Corporation held on July 10, 2024. Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Legacy ConnectM, with Legacy ConnectM surviving the merger as a wholly owned subsidiary of the Company (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “business combination”). On the Closing Date, Monterey Capital Acquisition Corporation changed its name to “ConnectM Technology Solutions, Inc.” The Business Combination is accounted for as a reverse recapitalization, and as such all shares, options, and warrants have been retroactively adjusted based on the Exchange Ratio in the agreement. As of the open of trading on July 15, 2024, the Common Stock began trading on the Nasdaq Global Market under the symbol “CNTM.” The accompanying unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements here within are presented in thousands with the exception of share data, which are presented in whole U.S dollars. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto as of and for the year ended December 31, 2023. The interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any future periods. Going Concern The Company’s unaudited condensed consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company incurred net losses of $12.2 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively, and $17.0 39.9 The Company’s ability to fund its operations is dependent upon management’s plans, which include raising capital through issuances of debt and equity securities, and extending existing debt agreements. A failure to raise sufficient financing and/or extend existing debt agreements, among other factors, will adversely impact the Company’s ability to meet its financial obligations as they become due and payable and to achieve its intended business objectives. Accordingly, based on the considerations discussed above, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements are issued. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should the Company be unable to continue as a going concern. Significant Accounting Policies There have been no changes to our significant accounting policies described within the Notes to the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Certain required disclosures relating to our significant accounting policies are disclosed below. Business combinations The Company accounts for business combinations using the acquisition method of accounting and records any identifiable intangible assets separate from goodwill. Intangible assets are recorded at their fair value based on estimates as of the date of acquisition. Goodwill is recorded as the residual amount of the purchase price consideration less the fair value assigned to the individual identifiable assets acquired and liabilities assumed as of the date of acquisition. The Company allocates the purchase price of the acquisition to the assets acquired and liabilities assumed based on estimates of the fair value at the dates of the acquisition. The results of operations for an acquired business are included in the Company’s unaudited condensed consolidated financial statements from the date of acquisition. Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles-Goodwill and Other Net Loss Per Share EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s unaudited condensed consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the three and nine months ended September 30, 2024 and 2023, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494 ​ Investment Recorded at Cost The Company accounts for its investment in cost securities in accordance with Accounting Standards Codification (“ASC”) 321, Investments — Cost Securities As of September 30, 2024, the Company had approximately $45 thousand of an investment carried at cost, which is included in Investment, cost in the accompanying unaudited condensed consolidated Balance Sheet. The Company makes a qualitative assessment of whether the investment in cost securities are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value, and if the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net income equal to the difference between the carrying value and fair value. Through September 30, 2024, the Company has determined that no indicators of impairment were triggered through its qualitative analysis, which utilizes external factors such as the health of the United States Stock Market, as well as information provided to the Company by the Company’s cost method investee. As such, no impairment losses were recognized for the three and nine months ended September 30, 2024. Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign-currency risks. The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed consolidated statements of operations and comprehensive income (loss). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for its Forward Purchase Agreement in accordance with ASC 815-40. Accordingly, the Company recognizes the forward purchase agreement asset at fair value at each reporting period. The assets are subject to re-measurement at each balance sheet date, and any change in fair value is recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss). Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in ASU 2016-13 added Topic 326, Financial Instruments—Credit Losses Financial Instruments— Credit Losses—Available-for-Sale Debt Securities Recently Released Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topics 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating this ASU and does not expect the adoption of this standard to have a material impact on its unaudited condensed consolidated financial statements and related disclosures. The Company does not believe that any other recently issued accounting pronouncements not yet adopted will have a material effect on its condensed consolidated financial statements.

REPORTABLE SEGMENTS_2

REPORTABLE SEGMENTS	9 Months Ended
	Sep. 30, 2024
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS	NOTE 2 — REPORTABLE SEGMENTS As of September 30, 2024 and 2023, the Company reports operations in four reportable segments—Electrification, Decarbonization, OEM/EV and Managed Services representing our different products and services. These are our reportable segments under ASC 280, Segment Reporting Our Electrification business segment generally focuses on the HVAC needs of the Company’s customers. This includes the servicing, repairing, installation, or updating of a homeowner’s heating and air conditioning. Our OEM/EV business segment generally focuses on the utilization of developed products for the monitoring of energy utilization and energy resources. Our Decarbonization business segment, which was created in 2022 with the acquisitions of CSH and SES, generally focuses on providing solar-related roof installations, inspections, and repairs to solar energy system integration and maintenance programs. This segment also sells solar panels to its customers. This results in its customer’s overall reduction in energy costs with a focus on a reduction of a customer’s carbon footprint. Lastly, our Managed Services business segment was created with the entering into the Company’s Managed Service Arrangements, focuses on managing the day-to-day operations for third party businesses that compete in the solar and HVAC industry. In evaluating financial performance, we focus on operating (loss) income from operations as a segment’s measure of profit or loss. Segment operating (loss) income from operations is (loss) income before interest expense, other expense, other income, unallocated corporate costs, and income taxes. Certain corporate assets consisting of cash, prepaid expenses and property, plant and equipment are not allocated to the segments. The accounting policies of our business segments are the same as those described above in the summary of significant accounting policies. The following tables present Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures for the three months ended (or at) September 30, 2024 and 2023, respectively, by reportable segment. Certain unallocated corporate amounts consisted primarily of general and administrative expenses, other income (expense), and unallocated assets and capital expenditures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification Decarbonization OEM/EV Services Total Revenues ​ $ 1,403 ​ $ 1,263 ​ $ 1,924 ​ $ 1,484 ​ $ 6,074 Cost of revenue ​ 873 ​ 902 ​ 1,562 ​ 863 ​ 4,200 SG&A ​ 544 ​ 260 ​ 464 ​ 560 ​ 1,828 Segment (loss) income from operations ​ (14) ​ 101 ​ (102) ​ 61 ​ 46 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 3,072 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (3,026) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV Services ​ Total Revenues ​ $ 2,328 ​ $ 1,751 ​ $ 143 ​ $ 162 ​ $ 4,384 Cost of revenue ​ 1,805 ​ 1,473 ​ 260 ​ 178 ​ 3,716 SG&A ​ 1,000 ​ 686 ​ 104 ​ 68 ​ 1,858 Segment (loss) income from operations ​ (477) ​ (408) ​ (221) ​ (84) ​ (1,190) Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 985 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (2,175) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ The following tables present Revenue, Cost of revenues, Selling, general and administrative, loss from operations, total assets, and capital expenditures for the nine months ended (or at) September 30, 2024 and 2023, respectively, by reportable segment. Certain unallocated corporate amounts consisted primarily of general and administrative expenses, other income (expense), and unallocated assets and capital expenditures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 4,450 ​ $ 5,001 ​ $ 2,658 ​ $ 5,190 ​ $ 17,299 Cost of revenue ​ 2,719 ​ 3,365 ​ 2,055 ​ 2,871 ​ 11,010 SG&A ​ 1,846 ​ 1,583 ​ 931 ​ 2,148 ​ 6,508 Loss on impairment ​ 406 ​ — ​ — ​ — ​ 406 Segment (loss) income from operations ​ (521) ​ 53 ​ (328) ​ 171 ​ (625) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 5,265 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (5,890) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2024 ​ $ 2,183 ​ $ 2,755 ​ $ 4,034 ​ $ 800 ​ $ 9,772 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 3,975 Total assets as of September 30, 2024 ​ ​ ​ ​ ​ ​ ​ $ 13,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 59 ​ $ — ​ $ — ​ $ — ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ Keen Home - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Managed ​ ​ ​ (In thousands) ​ Electrification ​ Decarbonization ​ OEM/EV ​ Services ​ Total Revenues ​ $ 6,642 ​ $ 8,035 ​ $ 645 ​ $ 162 ​ $ 15,484 Cost of revenue ​ 4,817 ​ 5,251 ​ 774 ​ 178 ​ 11,020 SG&A ​ 3,032 ​ 2,748 ​ 496 ​ 68 ​ 6,344 Segment (loss) income from operations ​ (1,207) ​ 36 ​ (625) ​ (84) ​ (1,880) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unallocated corporate costs ​ ​ ​ ​ ​ ​ ​ 2,436 Consolidated loss from operations ​ ​ ​ ​ ​ ​ ​ $ (4,316) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets as of September 30, 2023 ​ $ 3,599 ​ $ 3,843 ​ $ 1,006 ​ $ 233 ​ $ 8,681 Unallocated corporate assets ​ ​ ​ ​ ​ ​ ​ 4,697 Total assets as of September 30, 2023 ​ ​ ​ ​ ​ ​ ​ $ 13,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment capital expenditures ​ $ 49 ​ $ — ​ $ — ​ $ — ​ $ 49 ​ The following table presents a reconciliation of business segment operating loss to net loss from continuing operations before income taxes for each period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2024 ​ 2023 ​ 2024 2023 Reported segment operating (loss) income ​ $ 46 ​ $ (1,190) ​ $ (625) ​ $ (1,880) Unallocated corporate costs ​ (3,072) ​ ​ (985) ​ ​ (5,265) ​ (2,436) Interest expense ​ (667) ​ ​ (472) ​ ​ (1,820) ​ (902) Loss on extinguishment of debt ​ — ​ ​ — ​ ​ (592) ​ — Change in fair value of convertible notes ​ (1,623) ​ ​ 182 ​ ​ (1,623) ​ 182 Change in fair value of forward purchase agreement ​ ​ (8,575) ​ ​ — ​ ​ (8,575) ​ ​ — Gain on forward purchase agreement ​ ​ 1,443 ​ ​ — ​ ​ 1,443 ​ ​ — Other income (expense), net ​ 270 ​ ​ (149) ​ ​ 59 ​ 4 Net loss ​ $ (12,178) ​ $ (2,614) ​ $ (16,998) ​ $ (5,032) ​

REVENUE RECOGNITION_2

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2024
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 3 — REVENUE RECOGNITION The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2024 2023 2024 2023 United States ​ $ 5,646 ​ $ 4,248 ​ $ 16,162 ​ $ 14,862 India ​ 428 ​ 136 ​ 1,137 ​ 622 Total ​ $ 6,074 ​ $ 4,384 ​ $ 17,299 ​ $ 15,484 ​ The following table summarizes the contract liability activity for the three months ended September 30, 2024 and 2023 (in thousands): ​ ​ ​ ​ ​ Balance as of December 31, 2022 $ 643 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ ​ (643) Deferred of revenue billed in the current period, net of recognition of revenue ​ 197 ​ ​ ​ ​ Balance as of September 30, 2023 $ 197 ​ ​ ​ ​ Balance as of December 31, 2023 $ 1,121 Recognition of revenue recorded as a contract liability as of December 31, 2023 ​ (1,121) Deferred of revenue billed in the current period, net of recognition of revenue ​ 662 ​ ​ ​ ​ Balance as of September 30, 2024 ​ $ 662 ​ As a practical expedient, the Company has elected not to disclose the aggregate amount of the transaction price allocated to unsatisfied performance obligations, as our contracts have an original expected duration of less than one year. Contract Assets Contract assets consist of work in process for unrecognized revenue. The following table summarizes the contract asset activity for the nine months ended September 30, 2024 (in thousands): ​ ​ ​ ​ ​ Balance as of December 31, 2023 $ 344 Recognition of costs to fulfill during the nine months ended September 30, 2024 ​ (344) Balance as of September 30, 2024 ​ $ — ​

INVENTORIES_2

INVENTORIES	9 Months Ended
	Sep. 30, 2024
INVENTORIES
INVENTORIES	NOTE 4 — INVENTORIES Inventories are stated at the lower of cost (average cost method) or net realizable value. The Company reduces the carrying value of inventories for those items that are potentially in excess, obsolete or slow-moving based on changes in customer demand, technology developments or other economic factors. The Company did not recognize any reduction in the carrying value of its inventories during the nine months ended September 30, 2024 or 2023. Inventories consist of parts for the satisfaction of the Company’s performance obligations. These parts primarily consist of manufacturing hardware, wiring, and piping. The Company’s inventory balances consisted of the following at September 30, 2024 and December 31 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Parts ​ $ 181 ​ $ 251 Finished Goods ​ 139 ​ 26 Total ​ $ 320 ​ $ 277 ​

PROPERTY AND EQUIPMENT_2

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 5 — PROPERTY AND EQUIPMENT Property and equipment consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 Furniture and fixtures $ 97 $ 91 Machinery and equipment ​ 69 ​ 62 Vehicles ​ 860 ​ 814 Property improvements ​ 17 ​ 49 Building ​ 575 ​ 570 Property and Equipment ​ 1,618 ​ 1,586 Less: Accumulated Depreciation ​ (622) ​ (448) Total ​ $ 996 ​ $ 1,138 ​ Depreciation expense was $55 thousand and $45 thousand for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was $0.2 million and $0.2 million for the nine months ended September 30, 2024 and 2023, respectively.

INTANGIBLE ASSETS_2

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
INTANGIBLE ASSETS
INTANGIBLE ASSETS	NOTE 6 — INTANGIBLE ASSETS Identifiable intangible assets consist of the following as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2024 ​ ​ Gross ​ Accumulated ​ ​ ​ ​ Amount Amortization Net Amount Customer relationships ​ $ 1,071 ​ $ (487) ​ $ 584 Tradename ​ 800 ​ (252) ​ 548 Noncompetition agreements ​ 34 ​ (18) ​ 16 Intellectual property ​ 35 ​ (23) ​ 13 Internally developed software ​ 967 ​ (276) ​ 691 Total ​ $ 2,907 ​ $ (1,056) ​ $ 1,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ Gross Accumulated ​ ​ ​ ​ Amount ​ Amortization ​ Net Amount Customer relationships ​ $ 1,445 ​ $ (582) ​ $ 863 Tradename ​ 923 ​ (217) ​ 706 Noncompetition agreements ​ 126 ​ (82) ​ 44 Intellectual property ​ 35 ​ (20) ​ 15 Internally developed software ​ 440 ​ (227) ​ 213 Total ​ $ 2,969 ​ $ (1,128) ​ $ 1,841 ​ Amortization expense was $0.1 million and $0.1 million for the three months ended September 30, 2024 and 2023, respectively. Amortization expense was $0.3 million and $0.4 million for the nine months ended September 30, 2024 and 2023, respectively. Amortization expense over the next five years and thereafter is expected to be as follows below. The below does not include $0.2 million of capitalized costs for internally developed software that are still in the development stage and not currently subject to amortization. Amortization expense over the next five years and thereafter is expected to be as follows (in thousands): ​ ​ ​ ​ ​ Nine months ending September 30, 2024 Amount 2024 (remainder) ​ $ 104 2025 ​ 344 2026 ​ 311 2027 ​ 253 2028 ​ 234 2029 ​ 179 Thereafter ​ 254 Total ​ $ 1,679 ​

DEBT_2

DEBT	9 Months Ended
	Sep. 30, 2024
DEBT
DEBT	NOTE 7 — DEBT Secured Promissory Note Agreement In February of 2022, the Company entered into secured promissory note agreements with two lenders for a total of $1.4 million. In connection with the issuance of the secured promissory notes, the Company issued warrants to each lender that may be converted into shares of common stock of the Company. The secured promissory notes mature in February of 2025. Interest is charged at an annual simple rate of 9.25%, which increases to 12% upon the occurrence of an Event of Default, defined as the following. “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any of its debt when due and such failure continues for a period of thirty (30) days after the due date; (ii) the Company breaches any material covenant or other term or condition of the secured promissory note agreements, which breach results in a material adverse effect to the lenders and such breach, if capable of cure, continues for a period of thirty (30) days after the Company shall have received written notice of such breach from any lender; (iii) any representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the secured promissory note agreements or in connection therewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of forty-five (45) days after the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets (a) for more than $1.0 million or (b) which grants injunctive relief that results, or creates a material risk of resulting in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (vi) the Company fails to make any payment when due. The debt discount at issuance of these notes amounted to $83 thousand. Amortization expense related to the debt discount amounted to $7 thousand for both of the three months ended September 30, 2024 and 2023, respectively. Amortization expense related to the debt discount amounted to $21 thousand for both of the nine months ended September 30, 2024 and 2023, respectively. Amortization expense is included within “Interest expense” in the accompanying unaudited condensed statements of operations and comprehensive loss. The unamortized debt discount as of September 30, 2024 and December 31, 2023 amounted to $12 thousand and There were 77,494 warrants that were issued in connection with the issuance of the secured promissory notes that have an exercise price of $3.61 per share. The fair value of these warrants amounted to $83 thousand. Such warrants are exercisable at any point for a period of 10 years from the date issued. The warrants are not transferable, nor do they carry any voting rights or other rights of a shareholder. The holders of the warrants cannot net settle, and all exercises of such warrants must be completed in cash. During the year ended December 31, 2023, the Company issued an additional $5.5 million of secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). However, no warrants were issued in connection with the issuance of these additional secured promissory notes. These Promissory Notes have maturity dates ranging from November of 2023 to December of 2024. For the notes with original maturity dates prior to the date these financial statements are issued, the Company reached agreements with the noteholders to extend the maturity date to the earlier of May 31, 2024 or the date of the transaction with MCAC. The notes accrue interest at a simple annual interest rate that ranges from 18% to 24.0%. Additionally, the Company is not required to make any payments under these promissory notes prior to maturity. During the nine months ended September 30, 2024, the Company issued 14 additional secured promissory notes with terms similar to those described above (the “2023 Promissory Notes”). No warrants were issued in connection with the issuance of these additional secured promissory notes. These additional secured promissory notes totaled $4.1 million. The notes do not require payment of interest or principal until the maturity dates, which range from August 15, 2024 to June 30, 2025. The interest rate for these notes ranges from 20% to 24%. The total amount outstanding under these promissory note agreements as of September 30, 2024 and December 31, 2023 were $11.3 million and $7.4 million, respectively. 2022 Convertible Notes The Company issued $1.4 million of convertible notes in September of 2022 (the “2022 Convertible Notes”). On February 22, 2023, the convertible notes were amended to clarify how these Convertible Notes convert. The convertible notes include an automatic conversion upon the occurrence of a Qualified Financing, defined below. These convertible notes convert at a quotient, the numerator of which is the entire principal of the convertible notes and any interest accrued and the denominator is the lesser of 80% of the price per share to be sold in a financing event, or $2.11 per share, adjusted for stock dividend, stock split, combination, or other similar recapitalization with respect to such class or series. This modification did not change the future cash flows of the notes. These convertible notes mature on the earlier of two years from the date of issuance (September 2024), or upon the consummation of a Qualified Financing or Business Combination. A Qualified Financing is defined as the next transaction or series of transactions after the issuance of the convertible notes in which the Company sells shares of its privately issued equity securities resulting in gross proceeds to the Company of at least $5.0 million, not including the convertible notes. A Business Combination is defined as the Business Combination with Monterey Acquisition Corp. Interest is charged at an annual (simple) rate of 5.0%; the rate increases to 8.0% upon the occurrence of an Event of Default. An “Event of Default” shall be deemed to have occurred if: (i) the Company fails to pay any installment of principal or interest on any debt when due and such failure continues for a period of fifteen (15) business days after receipt of notice thereof from the respective holder of such debt; (ii) the Company breaches any material covenant or other term or condition of the convertible notes, which breach results in a material adverse effect to the respective Company and such breach, if capable of cure, continues for a period of thirty (30) days after the date upon which the Company shall have received written notice of such breach from such lender; (iii) any material representation or warranty of the Company made in any agreement, statement or certificate given in writing pursuant to the convertible notes agreement or in connection herewith shall be shown to have been deliberately false or misleading and, if capable of cure, shall not be cured for a period of thirty (30) days after the date upon which the Company shall have received written notice of such false or misleading representation or warranty from any lender; (iv) the Company becomes bankrupt, commits any act of bankruptcy, becomes the subject of any proceedings or action, including actions of any regulatory agency or any court, relating to bankruptcy or insolvency, or makes an assignment for the benefit of its creditors, or enters into any agreement for the composition, extension, or readjustment of all or substantially all of its obligations, which, in any case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; (v) any money judgment, writ or similar final process shall be entered or filed against the Company or any of its property or other assets for more than $0.1 million, or which grants injunctive relief that results or is likely to result in a material adverse effect upon the Company and, in either case, shall remain unvacated, unbonded or unstayed for a period of ninety (90) days; or (vi) the Company shall fail to make any payment when due (taking into effect any applicable grace or cure periods) of any other indebtedness, or fail to perform or observe the terms of any agreement or instrument related to any indebtedness and such failure shall cause the acceleration of such indebtedness. The Company is not required to make principal payments on these notes until maturity. During the year ended December 31, 2023, the Company issued an additional $0.9 million of convertible notes with the same terms as described above. On July 12, 2024, the Company consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”). Refer to Note 13 – Merger Agreement for further details. The 2022 Convertible Notes and all accrued interest converted into 1,067,592 shares of CNTM stock. The fair value of these shares was $3.8 million. The Company accounts for these convertible notes outstanding, under the fair value option, which resulted in a remeasurement loss of $1.6 million and $1.6 million for the three and nine months ended September 30, 2024, respectively. The company recorded a remeasurement gain of $0.2 million for the three and nine months ended September 30, 2023. The unpaid principal balance as of September 30, 2024 and December 31, 2023 was $0 and $2.3 million, respectively. The fair value remeasurement is included within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. 2024 Convertible Notes The Company issued $0.7 million of convertible notes to various lenders in September 2024 (the “2024 Convertible Notes”). Each individual note is identical to the others and has the same terms, except for the amount of principal commitment by the respective holder. The notes bear interest rate at a rate of 20% per annum with principal and accrued interest maturing in March 2025. The 2024 Convertible Notes are convertible at the option of the holder into shares of the Company’s common stock at a conversion price of $1.00 per share. The number of shares issuable upon conversion is determined by dividing the sum of the outstanding principal and accrued interest by the conversion price. The conversion option is exercisable until 90 days from issuance. The 2024 Convertible Notes may be prepaid in full or in part by the Company at any time without penalty. The 2024 Convertible Notes include standard default provisions, including (a) Failure by the Company to perform its obligations with respect to the conversion of the principal amount of the notes into conversion shares pursuant to the agreement or to otherwise satisfy its obligations under the notes (b) voluntary bankruptcy, and (c) involuntary bankruptcy. In the event of default, the unpaid principal and accrued interest become immediately due and payable without further action from the holder. The 2024 Convertible Notes has been classified as a liability on the condensed consolidated balance sheet as of September 30, 2024. The Company accounts for the 2024 Notes under the fair value option, which resulted in a remeasurement loss of $22 thousand for three and nine months ended September 30, 2024. The fair value remeasurement is recorded within change in fair value of convertible notes on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. As of September 30, 2024, there is $0.7 million outstanding on the 2024 Convertible Notes. ​ EFH Convertible Note On July 10, 2024, Monterey Capital Acquisition Corporation (the “MCAC”) entered into a (i) Satisfaction and Discharge of Indebtedness Pursuant to Underwriting Agreement Dated May 10, 2022 (the “Discharge Agreement”) and (ii) Promissory Note (the “Note”), in each case with EF Hutton LLC (formerly EF Hutton, a division of Benchmark Investments, LLC, “EFH”). On July 11, 2024, the Company and EFH amended and restated the Discharge Agreement (the “Amended Discharge Agreement”) and the Note (the “EFH Convertible Notes”). Pursuant to the Amended Discharge Agreement, in lieu of the Company tendering the full amount of the $3.7 million Deferred Underwriting Commission (as defined in the Underwriting Agreement, dated May 10, 2022, by and between the Company and EFH) in cash at the closing of the Company’s initial business combination, EFH agreed to accept from the Company (i) a payment of $0.5 million in cash within 30 days of the closing of the Company’s initial business combination pursuant to the Amended Note and (ii) issuance of the Amended Note. The EFH Convertible Note has a principal amount of $3.7 million matures in one year and shall be due and payable upon the demand of EFH and upon certain events of default. The Company may prepay the Amended Note in whole or in part at any time without penalty. In addition, the Company is obligated to pay toward the Note Small Business Administration (SBA) Loans On June 5, 2020, the Company entered into an SBA Loan agreement in the amount of $0.2 million. The payment terms under this loan required monthly payments of $731 per month for a total of thirty years. In 2021, this loan was amended to increase the total borrowing to $0.5 million with monthly payments of $1 thousand for a total of thirty years. Interest under this SBA loan is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under this SBA loan as of September 30, 2024 and December 31, 2023 was $0.5 million. This loan matures in June 2050. In 2022, in connection with the acquisitions of FSP and CSH, the Company assumed two additional SBA loans for $0.2 million each. The payment terms under these loans required monthly payments of $731 per month for a total of thirty years. Interest under each of these SBA loans is to accrue at 3.75% annually on funds outstanding as of the anniversary date of the initial borrowing. The total amounts outstanding under these SBA loans as of September 30, 2024 and December 31, 2023 was $0.3 million and $0.3 million, respectively. These loans mature in June 2050. The SBA loans are collateralized by all tangible and Intangible personal property of the Company. PPP (Paycheck Protection Program) Loan On May 4, 2020, the Company entered into a PPP Loan agreement in the amount of $0.2 million. Payments were not required under the loan for a period from six months from the date of the initial borrowing, upon which payments are required to be made monthly. Interest under this PPP loan accrues at 1.00% annually on funds outstanding. The maturity date of this loan is May 4, 2025. The total amount outstanding under this PPP loan as of September 30, 2024 and December 31, 2023 was $28 thousand and $59 thousand, respectively. The PPP loan is collateralized by all tangible and intangible personal property of the Company. Vehicle Notes The Company has obtained several vehicles over a long period since inception. Each vehicle has its own standalone loan. As of September 30, 2024 the company has a total of thirteen vehicle loans. The maturities of these vehicle notes outstanding range from 2026 through 2029. Interest rates range from 4.99% to 17.37% and total payments range from $435 - $1,628 per month. The outstanding principal balance of these loans at September 30, 2024 and December 31, 2023 was $0.5 million and $0.5 million, respectively. BAC Seller Note On December 1, 2020, the Company entered into the BAC Seller Note for a principal sum of $0.2 million. This Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The maturity date of this note is November 1, 2025. The total amount outstanding under this Seller Note as of September 30, 2024 and December 31, 2023 was $56 thousand and $84 thousand, respectively. The note is secured by a mortgage of certain real estate property entered into by one of its wholly owned subsidiaries. ACA Seller Note On May 18, 2021, the Company entered into the ACA Seller Note for a principal sum of $0.2 million. The Seller Note requires payments of principal and interest in the amount of $4 thousand due monthly. Interest under this Seller Note accrues at a rate of 6% per year. The Company and the noteholder have been in litigation which was settled pursuant to a settlement agreement dated May 16, 2024. Under the terms of the settlement agreement, the Company was required to pay the noteholder $60 thousand in cash and in return, the Company would receive the noteholders 5% ownership interest and the unpaid balance on the seller note would be considered resolved and any and all claims under the litigation would be deem resolved. At the time of the settlement there was $0.1 million of unpaid principal balance on the seller note. The additional 5% ownership interest acquired increased the Company’s ownership of ACA to 95%, and as such, control of ACA has not changed. Therefore, irrespective of the events that lead to changes in ownership interests in the subsidiary, if control has not changed, a parent accounts for such changes in ownership as equity transactions. The net amount of consideration was a benefit to the Company of $50 thousand, which is recorded as an increase to additional paid-in-capital. The total amount outstanding under this Seller Note as of December 31, 2023 was $0.1 million. CSH Seller Notes In connection with the acquisition of CSH, the Company entered into the First CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The First CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. In connection with the acquisition of CSH, the Company entered into the Second CSH Seller Note with a former owner of CSH for a principal sum of $0.2 million, which matures in December 2026. The quarterly payments of $14 thousand under the First CSH Seller Note commenced on April 1, 2022 and are required to be made in sixteen equal quarterly installments. Interest under this First CSH Seller Note accrues at a rate of 5.0% per year. The Second CSH Seller Note can be prepaid at any time without additional cost or penalty. The total amount outstanding under this First CSH Seller Note as of September 30, 2024 and December 31, 2023 was $80 thousand and $0.1 million, respectively. The note is secured by a pledge of all of the issued and outstanding equity securities of CSH owned by the Company. BHC Seller Note In connection with the acquisition of BHC, the Company entered into the BHC Seller Note with the former owners of BHC for a principal sum of $0.6 million. The payments under the BHC Seller Note commenced on February 28, 2023 and are required to be made in three annual installments. Interest under this BHC Seller Note is calculated on the basis of a 360-day year of twelve 30-day months but accrues and is payable based upon the actual number of days elapsed. This BHC Seller Note accrues interest at an annual rate of the minimum applicable federal AFS Seller Note In connection with the acquisition of AFS, the Company entered into the AFS Seller Note with the former owners of AFS for a principal sum of $0.6 million, which matures in July 2026. The quarterly payments under the AFS Seller Note amount to $46 thousand and commenced on July 1, 2022, and are required to be made in sixteen equal quarterly installments. Interest under this AFS Seller Note accrues at a rate of 6.0% per year. The AFS Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this AFS Seller Note as of September 30, 2024 and December 31, 2023 was $0.4 million and $0.5 million, respectively. The note is secured by the Company’s ownership interest in AFS, including all inventory and equipment of the Company. FSP Seller Note On December 28, 2022, the Company entered into the FSP Seller Note with an external third party for a principal sum of $0.9 million, which matures in February 2028. The payments under the FSP Seller Note began on February 1, 2023 and are required to be made in sixty equal monthly installments of $17 thousand. Interest under this FSP Seller Note accrues at a rate of 6.0% per year. The FSP Seller Note can be repaid at any time without additional cost or penalty. The total amount outstanding under this FSP Seller Note as of September 30, 2024 and December 31, 2023 was $0.8 million. The note is secured by a pledged security interest with the former owner of FSP. As a result of the allegations brought forth as described within Note 11: Commitments and Contingencies, the holder of the FSP Seller has communicated that it believes this FSP Seller Note is in default. Further, due to such allegations, the Company has not made any required monthly installment payments during the nine months ended September 30, 2024. Real Estate Promissory Note On December 29, 2022, a wholly owned subsidiary of the Company entered into a Real Estate Promissory Note for land in Florida for a principal sum of $0.4 million, which is collateralized by real estate. The Real Estate Promissory Note commenced on December 29, 2022. The Real Estate Promissory Note was scheduled to mature on July 29, 2023. The Real Estate Promissory Note holder has initiated collection of the Real Estate Promissory Note and has communicated that it believes the Real Estate Promissory Note is in default. See Note 11: Commitments and Contingencies. The Company does not believe that there are any cross default provisions within the Real Estate Promissory Note that would cause default of any of its other debt. The total amount outstanding under this Real Estate Promissory Note as of September 30, 2024 and December 31, 2023 was $0.4 million. The Real Estate Promissory Note is secured by a mortgage on the property. Promissory Notes — Related Party The Company, in September 2016, entered into an unsecured promissory note with Avanti Computing PVT, Ltd., a related party which has ownership in common, for an original principal sum of 90 million INR. The note has a 14% annual interest rate. Payments of interest and principal are made sporadically as there is no set payment schedule for the note. The note also does not have a maturity date and the full note balance is due on demand. As of September 30, 2024, 7.1 million INR $85,282 in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024 were 250,543 INR $3,009 and 746,182 INR $8,906, respectively. Total interest accrued as of September 30, 2024 was 8.4 million INR $100,907. In July 2024, the Company borrowed an additional 8.3 million INR from Avanti. The loan bears interest at 14% with a maturity date in July 2031 USD in principal remained outstanding. Total interest expense recognized on this note during the three and nine months ended September 30, 2024, was 238,767 INR $2,850. Total interest accrued as of September 30, 2024, was 238,767 INR $2,868. Business Line of Credit In January 2023, the Company opened a business line of credit with American Express and borrowed $74 thousand. The maximum amount the Company can take out on the line of credit is $74 thousand. The line of credit has an interest rate of 13%. This business line of credit matured in September of 2023 and was repaid by the Company. There is no current availability under this business line of credit as of September 30, 2024. Libertas (Sale of Future Receipts) On April 25, 2023, the Company entered into a sale of Future Receipts agreement with Libertas Funding, LLC, an independent third party (“Libertas”). Pursuant to this agreement, the Company sold and assigned $1.6 million of Future Receipts in exchange for net cash proceeds of $1.2 million, including a fee of $24 thousand. As a result, the Company recorded a discount of $0.4 million. Under the agreement, the Company agreed to pay the third party a minimum of $30 thousand of weekly sales receipts until the Future Receipts have been collected. for the term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 2, 2023, the Company amended this agreement with Libertas to extend the weekly sales receipts period to one year from the amendment date, requiring weekly sales receipts of $18 thousand until the remaining Future Receipts have been collected. Further in connection with this amendment, the Company incurred an incremental fee of $0.1 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50, Debt- Modifications and Extinguishments Similarly, to the transaction in April, on August 7, 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $1.3 million of future receipts in exchange for net proceeds of $1.0 million, including a fee of $20 thousand. As a result the Company recorded a discount of $0.3 million. Under the agreement the Company agreed to pay the third party approximately $26 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On November 29, 2023, the Company amended this agreement with Libertas to borrow an incremental $0.4 million. Due to this refinancing, Libertas forgave a portion of this debt outstanding totaling $0.1 million and the Company incurred an incremental fee of $0.2 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendments noted above, as of December 31, 2023, all remaining discounts were written off. As a result of the amendments noted above, the Company wrote off all remaining debt discounts, yielding incremental interest expense of $0.7 million. This loss on extinguishment of debt was offset by the forgiveness of debt in connection with each amendment, as discussed above, of $0.2 million relating to the first amendment and $0.1 million relating to the second amendment, yielding a loss on extinguishment of debt of $0.4 million that was recognized during the year ended December 31, 2023. On January 4, 2024, like the transactions in April and August of 2023, the Company entered into a sale of Future Receipts Agreement with Libertas to which it sold and assigned $0.5 million of future receipts in exchange for net proceeds of $0.4 million, including an origination fee of $7 thousand and an original issuance discount of $0.1 million. As a result, the Company recorded a discount of $0.1 million. Under the agreement, the Company agreed to pay the third party approximately $9 thousand weekly until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. On January 30, 2024, the Company amended each of its outstanding agreements with Libertas to consolidate the agreements into one without any change to the total Future Receipts committed. In connection with this amendment, the Company sold a total of $2.6 million of Future Receipts in exchange for the remaining balances on each of the Company’s outstanding agreements with Libertas as of the date of the transaction, totaling $2.1 million with an original issuance discount of $0.5 million. The Company assessed this amendment, noting that the amended terms of the agreement were substantially different from the terms of the initial agreement, causing the Company to account for this amendment as an extinguishment in accordance with ASC 470-50. As a result of the amendment, as of September 30, 2024, all unamortized discounts were written off, resulting in a loss on extinguishment of debt of $0.6 million. In connection with these instruments, the Company recorded discounts. These discounts are recorded as an adjustment to the related liability within the “Current portion of debt, net of discount” in the unaudited condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023. As discussed above, as of September 30, 2024 and December 31, 2023, the discounts offered associated with these borrowings were zero. In connection with the January 30, 2024 amendment, the Company erroneously received an incremental $1.1 million from Libertas. Such amounts received were provided to the Company in error and are due and payable in full to Libertas. Libertas has agreed to loan the Company this amount and is currently negotiating repayment terms with the Company. This is shown as a Due to Libertas on the unaudited condensed consolidated balance sheets. Since the Company has significant continuing involvement in the generation of future cash flows due under these agreements among other indicators, pursuant to ASC 470-10-25-2, Debt- Sales of Future Revenues or Other Various Measures of Income The balance of the total sale on Future Receipts stated above as of September 30, 2024 and December 31, 2023 is $2.1 million and $1.9 million, respectively, which is included in the current portion of debt on the unaudited condensed consolidated balance sheets. Samson (Sale of Future Receipts) On May 23, 2024, the Company entered into a sale of Future Receipts agreement with Samson MCA LLC, an independent third party (“Samson”). Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $0.1 million. As a result, the Company recorded a discount of $31 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $12 thousand of monthly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $8 thousand for the three months ended September 30, 2024 and $10 thousand for the nine months ended September 30, 2024. The amortization was recognized as a component of Interest expense within the unaudited condensed consolidated statements of operations and comprehensive loss. On May 28, 2024, the Company entered into a second sale of Future Receipts agreement with Samson. Pursuant to this agreement, the Company sold and assigned $0.1 million of Future Receipts in exchange for net cash proceeds of $98 thousand. As a result, the Company recorded a discount of $28 thousand. Under the agreement, the Company agreed to pay the third party a minimum of $6 thousand of bi-weekly sales receipts until the Future Receipts have been collected. The term of this agreement is approximately one year as the payments are made until the total amount of the future receipts are paid out. Amortization of the debt discount amounted to $7 thousand for the three months ended September 30, 2024 and $9 thousand for the nine months ended Septem

INCOME TAXES_2_3

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
INCOME TAXES
INCOME TAXES	NOTE 8 — INCOME TAXES The Company considers new evidence (both positive and negative) at each reporting date that could affect our view of the future realization of deferred tax assets. We evaluate information such as historical financial results, historical taxable income, projected future taxable income, expected timing of the reversals of existing temporary differences and available prudent and feasible tax planning strategies in our analysis. Based on the available evidence, the Company continues to recognize a full valuation allowance against deferred tax assets in the United States and India. Our income tax benefit (including discrete items) was $0 and $0 for the three and nine months ended September 30, 2024 and 2023, respectively. For the three and nine months ended September 30, 2024 and 2023, our effective tax rate differs from the statutory rate of the United States of 21% due to our valuation allowances in jurisdictions in the United States and India. The income tax benefits recognized relate to the partial release of the Company’s valuation allowance on its deferred tax assets due to the acquisition of deferred tax liabilities on intangible assets for which tax has no basis.

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9 — COMMITMENTS AND CONTINGENCIES Litigation The Company is from time to time subject to routine legal claims, proceedings and regulatory matters, most of which are incidental to the ordinary course of its business. The Company accrues for potential liability arising from legal proceedings and regulatory matters when it is probable that such liability has been incurred and the amount of the loss can be reasonably estimated. This determination is based upon currently available information for those proceedings in which the Company is involved, taking into account its best estimate of such losses for those cases for which such estimates can be made. The Company’s estimate involve significant judgement, given the varying stages of proceedings (including issues regarding class certification and the scope of many of the claims), and the related uncertainty of the potential outcomes of these proceedings. In making determinations of the likely outcome of pending litigation, the Company considers many factors, including, but not limited to, the nature of the claims, the Company’s experience with similar types of claims, the jurisdiction in which the matter is filed, input from outside legal counsel, the likelihood of resolving the matter through alternative mechanisms, the matter’s current status and the damages sought or demands made. Accordingly, the Company’s estimate will change from time to time, and actual losses could be more or less than the current estimate. As of September 30, 2024 and December 31, 2023, there are no matters for which a reserve is required to be established. On February 26, 2024, Robert Zrallack and RJZ Holdings LLC (the “Plaintiffs”) filed suit against Aurai LLC, ConnectM Florida RE LLC, and Florida Solar Products, Inc., wholly owned subsidiaries of the Company, in the Circuit Court for the 19th Judicial Circuit (St. Lucie County, Florida). In this suit, the plaintiffs allege various contract claims arising out of a transaction under which Aurai acquired Florida Solar Products, Inc. from Mr. Zrallack in 2022 and ConnectM Florida RE LLC acquired certain real estate from RJZ Holdings LLC in 2022 from which Florida Solar Products operates. Specifically, the plaintiffs allege breach of the stock purchase agreement and certain promissory notes in connection with the purchase of Florida Solar Products, Inc. and the related real estate, as well as breach of a services agreement with Mr. Zrallack. The Company believes the Plaintiffs’ claims have no merit and plans to assert counterclaims against the Plaintiffs in connection with the underlying transactions. The Company is defending itself in this matter. Currently, the Company prevailed on a motion to compel arbitration, so the lawsuit is stayed, and the Court ordered the entire case to arbitration. On August 02, 2024, Benjamin Securities, Inc (“Benjamin”) has commenced a lawsuit against the ConnectM Parties in the Supreme Court of the State of New York, County of New York, bearing Index No. 157042//2024 (the “Litigation”). On June 26, 2024, the Company and Benjamin entered into certain Capital Markets Advisory Agreement with an amendment on July 12, 2024. In the lawsuit, Benjamin claimed that the Company agreed but failed to pay Benjamin as contractually required. Subsequently on October 2, 2024, the Company and Benjamin reached a settlement agreement for the Company to meet its contractual obligation. This amount has been accrued as of September 30, 2024 and is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Advisory Services Agreement On July 16, 2024, the Company entered into a Capital Markets Advisory Agreement with Roth Capital Partners, LLC (“Roth Capital”), pursuant to which for a period of twelve months (the “Engagement Period”), Roth will provide CNTM with capital markets advisory services (the “Capital Markets Advisory”). These services include, but are not limited to, providing advice to CNTM relating to developing a short- and long-term capital market strategy, analyzing anticipated capital requirements as they relate to the valuation of CNTM, and developing strategic institutional investor relationships. The Company agreed to pay Roth Capital $1.5 million for the Engagement Period in cash or stock at $2.50 per share, of which $0.3 million is included in Accrued expenses on the unaudited condensed consolidated balance sheet. Amended and Restated Registration Rights Agreement On the Closing Date, the Company entered into the Amended and Restated Registration Rights Agreement (the “A&R Registration Rights Agreement”) with the Sponsor, certain prior stockholders of the Company, certain stockholders of Legacy ConnectM, the Company’s officers, directors and holders of 10% or more of the Company’s common stock (all such counterparties, collectively, the “Reg Rights Holders”). The A&R Registration Rights Agreement amended and restated the Company’s Registration Rights Agreement dated May 10, 2022 (the “IPO Registration Rights Agreement”). Pursuant to the A&R Registration Rights Agreement, the Company will, within 30 days after the Closing, file with the SEC (at the Company’s sole cost and expense) a registration statement registering the resale of certain securities held by or issuable to the Reg Rights Holders (the “Resale Registration Statement”), and the Company will use its reasonable best efforts to have the Resale Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the earlier of (i) sixty (60) calendar days after the filing thereof (or, in the event the SEC reviews and has written comments to the Resale Registration Statement, the ninetieth (90th) calendar day following the filing thereof) and (ii) the third (3rd) business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Resale Registration Statement will not be “reviewed” or will not be subject to further review. In certain circumstances, the Reg Rights Holders can demand the Company’s assistance with underwritten offerings and block trades, and the Reg Rights Holders will be entitled to certain piggyback registration rights. Contingent Consideration On August 5, 2024, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (“Seller”), for the purposes of ConnectM acquiring from the Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (“DeliveryCircle”). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for $0.5 million plus contingent consideration of $0.6 million. See Note 11 – Business Combinations – Delivery Circle ​

FORWARD PURCHASE AGREEMENT

FORWARD PURCHASE AGREEMENT	9 Months Ended
	Sep. 30, 2024
FORWARD PURCHASE AGREEMENT
FORWARD PURCHASE AGREEMENT	NOTE 10 — FORWARD PURCHASE AGREEMENT On December 31, 2022, prior to entering into the Business Combination Agreement (“BCA”), Monterey Capital Acquisition Corporation (“MCAC”) and ConnectM entered into a Forward Purchase Agreement (the “FPA”) with Meteora Special Opportunity Fund (“Meteora”) in connection with its merger with ConnectM Technology Solutions, Inc. Under the terms of the FPA, Meteora agreed to purchase and hold up to 6,600,000 shares of MCAC Class A common stock (the “Recycled Shares”) at the redemption price of $10.19 per share. Key terms of the FPA include, among other things: a. Prepayment Amount: MCAC will pay Meteora an amount based on the purchased shares’ value minus a 1% fee at the merger closing. A portion of this payment will be used by Meteora to acquire additional shares (“Share Consideration Shares”). b. Sales and Termination: Meteora may sell shares post-closing and may terminate portions of the transaction by notifying MCAC, triggering a payment obligation from MCAC. c. Reset Price Adjustments: The reset price for share sales adjusts weekly based on market conditions but will not drop below $7.50 per share, with modifications if securities are issued below the initial price d. Trigger Event: If the stock price falls below $5.00 per share for 20 days in a 30-day period, Meteora may accelerate the maturity date. e. Maturity Obligations: Unsold shares at maturity may be purchased by MCAC or the Combined Company at a set value in cash or stock, with provisions for penalties if certain conditions are unmet. f. Indebtedness Limitation: The Combined Company agrees to limit new indebtedness to $25 million until 90 days post-closing without Meteora’s consent. g. Break-Up Fee: If the agreement is terminated by MCAC, a fee of $575,000 (including expenses) is payable to Meteora. Pursuant to the terms of FPA, on the Closing Date, Meteora purchased 3,288,466 shares of MCAC Class A common stock (the “Recycled Shares”) directly from redeeming shareholders of MCAC. Also on the Closing Date, the Company paid to Meteora a prepayment amount of $37.0 million required under the FPA which was deposited into an escrow account. The Company paid additional cash consideration of $0.5 million to Meteora for shares purchased from third parties before the merger. On August 2, 2024, the Company and the Seller entered into an amendment (the “ Amendment a. The Settlement Method has been changed from “Physical Settlement” to “Cash Settlement”. b. The section titled “Maturity Consideration” has been deleted in its entirety. c. An additional Valuation Date has been added, namely, the date specified by Seller in a written notice to be delivered to Counterparty at Seller’s sole discretion. d. Provisions for “Settlement Amount, “Settlement Amount Adjustment,” Valuation Period” and “Cash Settlement Payment Date” with respect to the additional Valuation Date have been added. e. The Reset Price has been changed to mean “The Reset Price shall initially be the Initial Price. The Reset Price shall be adjusted on the first scheduled trading day of each week (each a “Reset Date”) commencing with the first week following the thirtieth day after the closing of the Business Combination to be the lowest of (a) the then current Reset Price, (b) the Initial Price and (c) the VWAP Price of the Shares of the prior week, but not lower than $2.00; provided that the Reset Price may be further reduced pursuant to a Dilutive Offering Reset. f. The Prepayment Shortfall has been changed to mean “An amount in USD equal to 0.50% of the product of the Number of Shares and the Initial Price paid by Seller to Counterparty on the Prepayment Date (which amount was netted from the Prepayment Amount). Additionally, Counterparty shall have the option, at its sole discretion, at any time up to forty-five (45) calendar days prior to the Valuation Date, to request additional Prepayment Shortfall via written requests to Seller in intervals of $300,000 (each an “Additional Shortfall Request”), provided Counterparty shall only be able to make an Additional Shortfall Request if the (i) Seller has recovered 120% of any outstanding Prepayment Shortfall via Shortfall Sales as further described in the Section titled “Prepayment Shortfall Consideration” and (ii) the VWAP Price over the ten (10) trading days prior to an Additional Shortfall Request multiplied by the then current Number of Shares (excluding unregistered shares) held by Seller less Shortfall Sale Shares be at least seven (7) times greater than the Additional Shortfall Request, and (iii) the average daily value traded over the prior ten (10) trading days be at least seven (7) times greater than the Additional Shortfall Request (with (i), (ii) and (iii) collectively as the “Equity Conditions”). Notwithstanding the foregoing, Seller, in its sole discretion, may waive the Equity Conditions for each Additional Shortfall Request, if applicable, in writing to Counterparty. g. Seller may sell Recycled Shares at any time and at any sales price, without payment by Seller of any Early Termination Obligation until such time as the proceeds from such sales equal 120% of the Prepayment Shortfall. On the date of the Business Combination, the forward purchase agreement was valued at $27.5 million. See Note 11 for disclosure on the valuation methods and significant inputs. The Company valued the purchase agreement on the date of modification under the pre-modified and post-modified terms. As a result of the modification, the Company recognized a gain on modification of $1.4 million. See Note 11 for disclosure on the valuation methods and significant inputs. From the period of August 2, 2024 through September 30, 2024, the Company exercised the prepayment shortfall method whereby Meteora sold 760,661 shares under the terms of the agreement for which the Company received proceeds of $0.8 million. As of September 30, 2024, the forward purchase agreement was valued at $2.2 million. See Note 11 for disclosure on the valuation methods and significant inputs.

FAIR VALUE MEASUREMENTS_2

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 — FAIR VALUE MEASUREMENTS The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below: Level I — Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level II — Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in inactive markets; inputs other than quoted market prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. Level III — Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. The Company effectuates transfers between levels of the fair value hierarchy, if any, as of the date of the actual circumstance that caused the transfer. Debt The Company evaluated whether any of the embedded features associated with the different Convertible Notes issued throughout 2022 required bifurcation as a separate component of equity. The Company elected the fair value option (FVO) under ASC Topic 825- Financial Instruments The fair value of the convertible notes issued throughout 2022 and 2023 were measured using unobservable inputs through June 30, 2024. The most significant of which was the discount rate, which was determined to be 15%. The convertible notes converted into shares of common stock on July 12, 2024. These shares were post business combination and were publicly traded. Therefore, the value of the shares that they converted into was based on the publicly traded price at the time of the conversion. The change in fair value of the convertible notes for the three and nine months ended September 30, 2024 and 2023 was a loss of $1.4 million and a loss of $1.6 million, respectively. The change in fair value of the convertible notes for the three and nine months ended September 30, 2023 were a gain of $84 thousand and $0.2 million, respectively. The 2024 Convertible Notes are convertible at the option of the holder into shares of the Company’s common stock at a conversion price of $1.00 per share. The number of shares issuable upon conversion is determined by dividing the sum of the outstanding principal and accrued interest by the conversion price. The conversion option is exercisable until 90 days from issuance. The 2024 Convertible Notes may be prepaid in full or in part by the Company at any time without penalty. The Company valued these notes by weighting two possible outcomes. The first outcome is the probability that the note is paid out in cash at maturity. The second outcome is the probability that there will be a voluntary conversion within the first 90 days. As of September 30, 2024, the Company determined a probability of 70% that there will be a voluntary conversion. To determine the value at maturity, the Company used a discounted cash flow model using a discount rate of 20%. To determine the value of a voluntary conversion, the Company used a black-scholes model. The key inputs to the black-scholes model are as follows: ● Stock price of $1.15 based on the publicly traded stock price of the Company ● Exercise price of $1.00 based on the conversion price per the note ● A remaining term of 0.25 years based on the note ● A risk free rate of 4.40% based on comparable treasury securities ● Annualized volatility of 37.17% based on comparable public companies The fair value as of September 30, 2024 was determined to be $0.8 million. Within five days of the maturity date of the EFH Convertible Note, the Company may elect to convert the EFH Convertible Note into shares of common stock of the Company based on the 5-day trailing volume weighted average price of the Company’s common stock at the maturity date of the EHF Convertible Note (subject to compliance with applicable rules of the Nasdaq Stock Market). The Company elected to record the EHF Convertible Note at fair value and determined that the conversion approximates the fair value of the stock, and therefore is not subject to remeasurement at each reporting period. As of September 30, 2024, there is $3.63 million outstanding on the convertible note. The Company’s PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are carried at historical cost. The fair value of the PPP Loan, SBA Loans, Seller Notes, Promissory notes, and Vehicle Loans are estimated using widely accepted valuation techniques, including discounted cash flow analyses using available market information on discount and borrowing rates with similar terms, maturities, and credit ratings. Accordingly, the Company used Level 2 inputs for these debt instrument fair value estimates. Forward Purchase Agreement The fair value of the liability pre-modification when it was assumed on July 12, 2024 and immediately before modification on August 2, 2024, was determined using a black-scholes model. Both valuations were based on the actual numbers of shares purchased by Meteora under the agreement, which was 3,288,466. The significant inputs to the model as of July 12, 2024 and August 2, 2024 are noted in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 12, 2024 August 2, 2024 Term ​ 3.00 ​ ​ 2.94 ​ Stock price ​ $ 3.54 ​ $ 0.78 ​ Exercise price ​ $ 13.36 ​ $ 13.36 ​ Volatility ​ ​ 46.00 % ​ 80.00 % Risk-free rate ​ ​ 4.20 % 3.71 % Dividends rate ​ ​ 0.00 % 0.00 % ​ The key inputs in the above table are based on the following: ● Term — this is the remaining term to maturity in the agreement ● Exercise Price — the redemption price of the Company’s common shares at closing of the Business Combination ($ 11.36 ) plus $ 2.00 per the terms of the agreement ● Stock Price — this is based on the adjusted close of our common stock. ● Volatility — this is based on comparable public companies ● Risk Free Rate — this is based on treasury securities with a similar term ● Dividends Rate — this is based on our stock’s dividend rate The fair value post modification was determined based on the probability of each settlement method. The prepayment shortfall value was calculated by taking the publicly traded stock price at the date of valuation discounting it for the 17% margin to be kept by the seller and multiplying that by the number of shares remaining outstanding under the agreement. As of August 2, 2024 and September 30, 2024, there were 3,288,466 and 2,527,805 shares outstanding in the agreement. The Company determined a probability that 85% of the outstanding shares would be settled using this method at August 2, 2024 and September 30, 2024, respectively. The Company determined the value at maturity for all outstanding shares using the Monte Carlo model. The significant inputs to the model as of August 2, 2024 and September 30, 2024 are noted in the table below. The Company determined a probability that 15% of the outstanding shares would be settled using this method at August 2, 2024 and September 30, 2024, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, 2024 September 30, 2024 Term ​ ​ 2.94 ​ ​ 2.78 Stock price ​ $ 0.78 ​ $ 1.15 ​ Volatility ​ 80.00 % 90.00 % Risk-free rate ​ 3.71 % 3.60 % Dividends rate ​ 0.00 % 0.00 % ​ The key inputs in the above table are based on the following: ​ ● Term - this is the remaining term to maturity in the agreement ● Stock Price - this is based on the adjusted close of our common stock. ● Volatility - this is based on comparable public companies ● Risk Free Rate - this is based on treasury securities with a similar term ● Dividends Rate - this is based on our stock’s dividend rate The following table provides the roll forward of forward purchase agreement: ​ ​ ​ ​ ​ Forward purchase agreement assets (liability) at December 31, 2023 $ — Forward purchase agreement asset (liability) at business combination ​ (27,530) Less cash payments from Trust ​ 37,624 Change in fair value ​ (9,399) Gain from modification ​ 1,443 Less cash received ​ (766) Change in fair value ​ 824 Forward purchase agreement asset (liability) at September 30, 2024 ​ $ 2,196 ​ Contingent consideration The fair values of the contingent consideration was estimated using Monte Carlo Simulation model, which are Level 3 fair value measurement. Significant unobservable inputs used to determine the estimated fair value of the Delivery Circle earn-out payment liability include the Delivery Circle forecasted revenue and EBITDA growth, revenue volatility, market price of risk and discount rate. An increase in the projected growth rate for net revenue results in a higher fair value for the earn-out payment liability while an increase in the discount rate results in a lower fair value for the earn-out payment liability. An increase in the market price of risk and revenue volatility results in a lower fair value. ​ The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 ​ Carrying Estimated Carrying Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward Purchase Agreement ​ $ 2,196 ​ $ 2,196 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Convertible Debt ​ $ — ​ $ — ​ $ 2,179 ​ $ 2,179 2024 Convertible Notes ​ $ 762 ​ $ 762 ​ $ — ​ $ — EFH Convertible Note ​ $ 3,630 ​ $ 3,630 ​ $ — ​ $ — Contingent consideration ​ $ 576 ​ $ 576 ​ $ — ​ $ — ​ The carrying values of cash and cash equivalents, accounts payable, accrued expenses, amounts included in other current assets, and current liabilities that meet the definition of a financial instrument, approximate fair value due to their short-term nature.

STOCKHOLDERS' DEFICIT_2

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2024
STOCKHOLDERS' DEFICIT
STOCKHOLDERS' DEFICIT	NOTE 12 — STOCKHOLDERS’ DEFICIT Common Stock Immediately following the Closing, the Company’s authorized capital stock consisted of 110,000,000 shares of capital stock, $0.0001 par value per share, consisting of 100,000,000 shares of Common Stock and 10,000,000 shares of preferred stock, $0.0001 par value outstanding outstanding Warrants In connection with the issuance of the Secured Promissory Note in 2022, The Company issued certain equity classified warrants (“equity warrants”). The fair value of these warrants was $82,261 at the time of issuance. The warrants have an exercise price of $3.61 and expire on February 22, 2032. The warrants are exercisable into one Class A Common share Upon the Merger, each outstanding warrant to purchase shares of Legacy ConnectM Common stock was converted into a warrant to purchase shares of ConnectM Common Stock equal to the number of shares subject to such warrant prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. Each warrant to purchase shares of ConnectM common stock will otherwise be subject to the same terms as the Legacy ConnectM warrants prior to such conversion. Monterey Acquisition Corp issued 12,990,000 warrants to the original investors. These warrants were assumed in the Business Combination. The warrants expire 5 years from the date of the business combination. The warrants have an exercise price of $11.50 entitle the holder to purchase one share of common stock. A summary of warrants activity is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ average ​ Remaining ​ ​ ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Warrants ​ Price ​ Life ​ Value Outstanding at December 31, 2023 77,494 ​ $ 3.61 8.15 — Granted — ​ — — — Assumed in Business Combination 12,990,000 ​ 11.50 Exercised — ​ — — — Cancelled/Forfeited — ​ — — — Outstanding at September 30, 2024 13,067,494 ​ $ 11.45 4.80 — ​

STOCK BASED COMPENSATION_2

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2024
STOCK-BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 13 — STOCK BASED COMPENSATION On March 22, 2019, the Company re-domesticated as a Corporation incorporated in the state of Delaware. Concurrent with the re-domestication as a Delaware Corporation, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “Plan”) in May of 2019 to encourage employees and other persons or entities who, in the opinion of the Board, are in a position to contribute significantly to the success of the Company and its affiliates to enter into and to maintain continuing long-term relationships with the Company. The purpose of the Plan is to reward Participants for the completion of specific projects or discrete periods of Service which may fall between consecutive vesting periods of any Award granted under the Plan. The Plan is administered by the Board of Directors of the Company, which, under the terms of the Plan, has the authority to adopt, alter, and repeal any administrative rules, guidelines, and practices governing the operation of the Plan. Under the Plan, the persons eligible to receive Incentive Units, defined as either incentive stock options or restricted stock, under the Plan shall be the directors, executive officers, employees, consultants, advisers, independent contractors and other service providers of the Company and its affiliates. Participants need not be individuals or employees of the Company or an affiliate of the Company. Under the Plan, Awards may be granted in respective of up to 753,947 total incentive units. Incentive units issued under the Plan may consist in whole or in part of authorized but unissued Shares or treasury Shares. Subject to the terms and provisions of the Plan, the Board may award incentive stock options and determine the number of shares subject to each stock option, the exercise price, the term of the stock option, and any other conditions and limitations applicable to the exercise of the stock option and the holding of any shares acquired upon exercise of the stock option. Under the Plan, the Board may also award shares of restricted stock and determine the purchase price, if any. The Board may modify or waive any restrictions, terms, and conditions with respect to any restricted stock. Shares of restricted stock may be issued for such consideration, if any, as is determined by the Board, subject to applicable law. Upon the Merger, each outstanding option to purchase shares of Legacy ConnectM Common stock was converted into an option to purchase shares of ConnectM Common Stock equal to the number of shares subject to such option prior to the Merger multiplied by the Exchange ratio, with the per-share exercise price equal to the exercise price prior to the Merger divided by the Exchange Ratio. There were no incentive units issued under the Plan during the nine months ended September 30, 2024 or 2023. A summary of activity under the Plans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ average ​ ​ ​ ​ ​ ​ ​ average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Life ​ Value Outstanding at December 31, 2023 473,929 ​ $ 0.70 5.24 ​ $ 666,860 Granted — ​ — — ​ — Exercised — ​ — — ​ — Forfeited — ​ — — ​ — Outstanding at September 30, 2024 473,929 ​ $ 0.70 4.49 ​ $ 263,882 Vested and exercisable at September 30, 2024 470,601 ​ $ 0.69 4.48 ​ $ 263,882 ​

BUSINESS COMBINATIONS_2

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2024
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	NOTE 14 — BUSINESS COMBINATIONS Merger with Monterrey Capital Acquisition Corporation As discussed in NOTE 1, on July 12, 2024, the Company completed the Merger. Upon closing of the business combination, the Company’s Series Seed Convertible Preferred Shares, Series Seed-1 Convertible Preferred Shares, Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, and Series B-2 Convertible Preferred Shares converted to class A common shares of CNTM. Furthermore, the Company’s 2022 Convertible Notes converted to class A common shares of CNTM. As a result of the Merger, among other things, each share of ConnectM common stock, par value $0.0001 per share, and ConnectM preferred stock, par value $0.0001 per share (but excluding shares the holders of which perfect rights of appraisal under Delaware law), converted into the right to receive such number of shares of common stock, par value $0.0001 per share, of MCAC common stock as calculated based on the Exchange Ratio as set forth in the Merger Agreement. “Exchange Ratio” is defined in the Merger Agreement to be the quotient of (a) the merger consideration, divided by (b) the number of shares of ConnectM capital stock outstanding as of immediately prior to the Effective Time, including any shares underlying outstanding warrants to purchase ConnectM Common Stock and excluding any shares of ConnectM capital stock held in treasury by ConnectM. The Merger Consideration is 14,500,000 shares of MCAC Common Stock, subject to an upward adjustment depending on the extent to which MCAC’s transaction expenses (as defined in the Agreement and Plan of Merger) exceed $8 million. The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, MCAC was treated as the acquired company for financial reporting purposes. Accordingly, for accounting purposes, the Merger was treated as the equivalent of the Company issuing shares for the net assets of MCAC, accompanied by a recapitalization. The net assets of MCAC were stated at historical cost with no goodwill or other intangible assets recorded. As a result of the Business Combination, there was a negative equity recapitalization into additional paid in capital of $3.2 million. In addition, there were offering costs incurred of $2.5 million, which were also treated as a reduction of additional paid in capital. As part of the Business Combination, the Company acquired the Funds in the Trust of $79.6 million. Of these monies, the Company only received $0.2 million as the Company had to pay redeeming shareholders $41.7 million, professional fees of $0.2 million, and was required to pay $37.6 million in accordance with the Forward Purchase Agreement (see Note 10). Delivery Circle On August 5, 2024, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (“Seller”), for the purposes of ConnectM acquiring from the Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (“DeliveryCircle”). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. The Purchase Agreement was unanimously approved by the Company’s directors on August 2, 2024. Pursuant to the Purchase Agreement, at the closing of the transactions contemplated therein, ConnectM purchased from the Seller certain membership interests in DeliveryCircle, comprising 842,157 Class A Units, 207,843 Class P Units and 3,063 Series A Units (the “Acquired Interests”), which represent issued and outstanding equity securities of DeliveryCircle comprising (i) forty-six percent (46.0%) of the equity interests in DeliveryCircle and (ii) fifty-seven percent (57.0%) of the voting interests in DeliveryCircle. In addition, in connection with ConnectM’s acquisition of the Acquired Interests, ConnectM will have the right to appoint four out of the seven voting members to DeliveryCircle’s board of directors. Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for $520,000 plus contingent consideration. The contingent consideration is based on the years ended December 31, 2024 through 2031 and is the lesser of a base amount, 20% of revenue growth from the previous year, or 37% of EBITDA for the year. To value the contingent consideration, the Company performed a Monte Carlo simulation and determined a contingent consideration value of approximately $576,000. As of September 30, 2024, the $520,000 is unpaid and is included in Accrued Expenses in the unaudited condensed consolidated balance sheet. The fair value of the purchase consideration in the acquisition is as follows: ● Cash - $520,000 ● Contingent Consideration — $576,000 ● Total - $1,096,000 ● Divided by Acquired Ownership — 46% ● Implied Consideration for 100% ● Ownership — $2,382,000 The acquisition of Delivery Circle was accounted for using the acquisition method, whereby all of the assets acquired, and liabilities assumed were recognized at their fair value on the acquisition date, with any excess of the purchase price over the estimated fair value recorded as goodwill. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed and noncontrolling interest at the date of acquisition (in thousands): ​ ​ ​ ​ Cash $ 699 Accounts receivable ​ 620 Prepaid expenses and other assets ​ 41 Intangible assets ​ 586 Goodwill ​ 790 Total assets acquired ​ $ 2,736 ​ ​ ​ ​ Accounts payable ​ $ 218 Accrued expenses ​ 136 Contingent consideration ​ ​ 576 Total liabilities acquired ​ $ 930 ​ ​ ​ ​ Allocation to Minority Interest ​ $ 1,286 ​ After allocating the purchase price to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, the Company recorded goodwill of approximately $0.8 million. Goodwill largely consists of expected synergies to be realized from new ownership and is expected to not be deductible for income tax purposes. The fair values of intangible assets were based on valuations using the income approach. The preliminary fair value of intangible assets and Delivery Circle’s assembled workforce estimated useful lives are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Identified Intangible Asset ​ Fair Value ​ Useful Life Customer relationships ​ $ 106 8 years Developed technologies ​ 400 5 years Trade name and workforce ​ 80 5 years Fair value of identified intangible assets ​ $ 586 ​ The Company, with the assistance of third-party appraisers, assessed the fair value of the assets. The identifiable intangible assets were valued using the Income Approach. The Income Approach requires several judgements and assumptions to determine the fair value of intangible assets, including growth rates, discount rates, customer attrition rates, expected levels of cash flows, and tax rate. Key assumptions used to value the trade name acquired intangible asset included a tax rate of 28%, intangible discount rate of 14%, and a royalty rate of 0.3%. Key assumptions used to value the developed technology intangible asset included a revenue migration of 20%. Key assumptions used to value the customer relationship intangible asset includes intangible discount rate of 14% and an attrition rate of 10%. ​ The contingent consideration is categorized as a Level 3 fair value measurement (see Fair Value Measurements described in Note 11) because the Company estimated projections utilizing unobservable inputs. Contingent consideration payments involve certain assumptions requiring significant judgment and actual results can differ from assumed and estimated amounts. The following unaudited pro forma information presents our combined results as if the Delivery Circle acquisition occurred at the beginning of 2023. The unaudited pro forma financial information was prepared to give effect to events that are (1) directly attributable to the acquisition; (2) factually supportable; and (3) expected to have a continuing impact on the combined company’s results. There were no material transactions between the Company and Delivery Circle during the period presented that are required to be eliminated. The unaudited pro forma combined financial information does not reflect cost savings, operating synergies or revenue enhancements that the combined companies may achieve or the costs to integrate the operations of the costs necessary to achieve cost savings, operating synergies or revenue enhancements. Pro forma combined financial information (unaudited, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Revenues ​ $ 7,036 ​ $ 6,572 ​ $ 23,013 ​ $ 21,423 Net loss ​ $ (12,182) ​ $ (2,484) ​ $ (16,869) ​ $ (4,628) ​ The unaudited pro forma combined financial information is presented for information purposes only and is not intended to represent or be indicative of the combined results of operations or financial position that we would have reported had the acquisition been completed as of the date and for the periods presented and should not be taken as representative of our consolidated results of operations or financial condition following the acquisition. In addition, the unaudited pro forma combined financial information is not intended to project the future results of the combined company. The unaudited pro forma combined financial information was prepared using the acquisition method of accounting under existing U.S. GAAP. The Company has been treated as the acquirer.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	9 Months Ended
	Sep. 30, 2024
DUE TO RELATED PARTY
DUE TO RELATED PARTY	NOTE 15 — DUE TO RELATED PARTY As part of the Business Combination, the Company assumed certain related party payables with the Sponsor of Monterey Acquisition Corp. These payables comprise the Due to Related Party on the unaudited condensed consolidated balance sheet. The first type of payable assumed are working capital loans that the Sponsor provided to Monterey Acquisition Corp. These working capital loans are due on demand and carry no interest. They are convertible into warrants at $1.00. The warrants would have a 5 year term and an exercise price of $11.50. The amount assumed in the Business Combination was $0.4 million. As of September 30, 2024, there was $0.4 million outstanding. The second type of payable assumed are two unsecured promissory notes with the Sponsor for a combined principal amount of $65 thousand. The notes are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $65 thousand. As of September 30, 2024, the notes had an outstanding principal balance of $65 thousand. The third type of payable assumed was monies advanced to Monterey Acquisition Corp. by the Sponsor for administrative support. These advances are non-interest bearing and are payable upon demand. The amount assumed in the Business Combination was $0.1 million. As of September 30, 2024, the notes had an outstanding principal balance of $0.1 million. The total due for these payables as of September 30, 2024 was $0.6 million.

SUBSEQUENT EVENTS_2_3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through December 13, 2024, the date at which the financial statements were available to be issued, and determined there were no items to disclose other than the following items: In October and November, the Company refinanced an existing sale of future receipts. Pursuant to this agreement, the Company sold and assigned $0.9 million of future receipts and paid off an existing balance of $0.3 million in exchange for net cash proceeds of $0.5 million. Under this agreement, the Company agreed to pay the third party sales receipts until the future receipts have been collected. As on October 09, 2024, ConnectM entered into a Purchase Agreement with the owners of Green Energy Gains, whereby the Company has acquired all of the issued and outstanding capital stock of GEG in an all-stock transaction. The Green Energy Gains operating model includes home energy assessments (HEA) and modeling, and identification of weatherization opportunities for the home in order to reduce the homeowner’s utility bills. ConnectM’s core business model relies on an inorganic growth strategy. Green Energy Gains, as a strategic acquisition, strengthens ConnectM’s portfolio and is expected to expand the customer base for its proprietary electric heat pump, offering a suitable solution for homeowners after no cost home energy assessments. In October 2024, the Company received an additional $1.1 million in exchange for four convertible promissory notes as of the date of issuance of the financial statements. The Convertible Notes bears an annual interest of 20% and shall be due and payable in April 2025. On November 19, 2024, the Company approved the conversion of 6,719,742 shares for the price of $13.8 million of the Company’s outstanding debt into shares of common stock, par value $0.0001 per share of the Company at an average conversion price of $2.045 per share.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES.
Going Concern	Going Concern The Company’s unaudited condensed consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company incurred net losses of $12.2 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively, and $17.0 39.9 The Company’s ability to fund its operations is dependent upon management’s plans, which include raising capital through issuances of debt and equity securities, and extending existing debt agreements. A failure to raise sufficient financing and/or extend existing debt agreements, among other factors, will adversely impact the Company’s ability to meet its financial obligations as they become due and payable and to achieve its intended business objectives. Accordingly, based on the considerations discussed above, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements are issued. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should the Company be unable to continue as a going concern.
Significant Accounting Policies	Significant Accounting Policies There have been no changes to our significant accounting policies described within the Notes to the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Certain required disclosures relating to our significant accounting policies are disclosed below.
Business combinations	Business combinations The Company accounts for business combinations using the acquisition method of accounting and records any identifiable intangible assets separate from goodwill. Intangible assets are recorded at their fair value based on estimates as of the date of acquisition. Goodwill is recorded as the residual amount of the purchase price consideration less the fair value assigned to the individual identifiable assets acquired and liabilities assumed as of the date of acquisition. The Company allocates the purchase price of the acquisition to the assets acquired and liabilities assumed based on estimates of the fair value at the dates of the acquisition. The results of operations for an acquired business are included in the Company’s unaudited condensed consolidated financial statements from the date of acquisition.
Goodwill	Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the identifiable assets acquired. The Company accounts for goodwill under ASC Topic 350- Intangibles-Goodwill and Other
Net Loss Per Share	Net Loss Per Share EPS is computed by dividing the sum of distributed and undistributed earnings for each class of stock by the weighted average number of shares outstanding for each class of stock for each period presented in the Company’s unaudited condensed consolidated statements of operations. Diluted net loss per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period, when the effect is dilutive. Given the Company is in a net loss position for the three and nine months ended September 30, 2024 and 2023, there is no difference between basic and diluted net loss per share. The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494
Investment Recorded at Cost	Investment Recorded at Cost The Company accounts for its investment in cost securities in accordance with Accounting Standards Codification (“ASC”) 321, Investments — Cost Securities As of September 30, 2024, the Company had approximately $45 thousand of an investment carried at cost, which is included in Investment, cost in the accompanying unaudited condensed consolidated Balance Sheet. The Company makes a qualitative assessment of whether the investment in cost securities are impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company estimates the investment’s fair value, and if the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net income equal to the difference between the carrying value and fair value. Through September 30, 2024, the Company has determined that no indicators of impairment were triggered through its qualitative analysis, which utilizes external factors such as the health of the United States Stock Market, as well as information provided to the Company by the Company’s cost method investee. As such, no impairment losses were recognized for the three and nine months ended September 30, 2024.
Derivative Financial Instruments	Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign-currency risks. The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed consolidated statements of operations and comprehensive income (loss). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for its Forward Purchase Agreement in accordance with ASC 815-40. Accordingly, the Company recognizes the forward purchase agreement asset at fair value at each reporting period. The assets are subject to re-measurement at each balance sheet date, and any change in fair value is recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss).
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in ASU 2016-13 added Topic 326, Financial Instruments—Credit Losses Financial Instruments— Credit Losses—Available-for-Sale Debt Securities
Recently Released Accounting Pronouncements Not Yet Adopted	Recently Released Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topics 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating this ASU and does not expect the adoption of this standard to have a material impact on its unaudited condensed consolidated financial statements and related disclosures. The Company does not believe that any other recently issued accounting pronouncements not yet adopted will have a material effect on its condensed consolidated financial statements.

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES.
Schedule of outstanding shares of common stock equivalents	The following outstanding shares of common stock equivalents are excluded from the computation of diluted net loss per share for all the periods and scenarios presented because including them would have an anti-dilutive effect: ​ ​ ​ ​ ConnectM Stock Options 473,929 ConnectM Warrants 13,067,494

REVENUE RECOGNITION (Tables)_2

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2024
REVENUE RECOGNITION
Schedule of disaggregated revenue information by geographic area	The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2024 2023 2024 2023 United States ​ $ 5,646 ​ $ 4,248 ​ $ 16,162 ​ $ 14,862 India ​ 428 ​ 136 ​ 1,137 ​ 622 Total ​ $ 6,074 ​ $ 4,384 ​ $ 17,299 ​ $ 15,484
Schedule of contract liability and contract assets activity	​ ​ ​ ​ ​ Balance as of December 31, 2022 $ 643 Recognition of revenue recorded as a contract liability as of December 31, 2022 ​ ​ (643) Deferred of revenue billed in the current period, net of recognition of revenue ​ 197 ​ ​ ​ ​ Balance as of September 30, 2023 $ 197 ​ ​ ​ ​ Balance as of December 31, 2023 $ 1,121 Recognition of revenue recorded as a contract liability as of December 31, 2023 ​ (1,121) Deferred of revenue billed in the current period, net of recognition of revenue ​ 662 ​ ​ ​ ​ Balance as of September 30, 2024 ​ $ 662 ​ ​ ​ ​ ​ Balance as of December 31, 2023 $ 344 Recognition of costs to fulfill during the nine months ended September 30, 2024 ​ (344) Balance as of September 30, 2024 ​ $ — ​

DEBT (Tables)_2

DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
DEBT
Schedule of debt	​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, As of December 31, Description ​ 2024 ​ 2023 Secured Promissory Notes $ 11,334 $ 7,410 Small Business Administration (SBA) Loans ​ 764 ​ 769 Paycheck Protection Program (PPP) Loans ​ 28 ​ 59 Vehicle Notes ​ 470 ​ 497 BAC Sellers Note ​ 56 ​ 84 ACA Sellers Note ​ — ​ 125 CSH Sellers Notes ​ 159 ​ 235 BHC Sellers Note ​ 200 ​ 400 AFS Sellers Note ​ 383 ​ 463 FSP Sellers Note ​ 768 ​ 768 Real Estate Promissory Note ​ 370 ​ 370 Promissory Note – Related Party ​ 185 ​ 85 Libertas – Sale of Future Receipts ​ 2,058 ​ 1,938 Samson – Sale of Future Receipts ​ 183 ​ — D&O Financing agreement ​ ​ 255 ​ ​ — Channel Partners ​ 210 ​ — Top Choice – Sale of Future Receipts ​ 169 ​ — Funding Metrics – Sale of Future Receipts ​ 104 ​ — Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing ​ $ 17,696 ​ $ 13,203 Less: Debt discounts ​ (129) ​ (32) Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing ​ $ 17,567 ​ $ 13,171 Convertible Debts ​ 4,392 ​ 2,179 Total debt, net of debt discount $ 21,959 ​ $ 15,350 ​

FAIR VALUE MEASUREMENTS (Tabl_2

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
FAIR VALUE MEASUREMENTS
Schedule of Level 3 fair value measurements of the forward purchase agreement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 12, 2024 August 2, 2024 Term ​ 3.00 ​ ​ 2.94 ​ Stock price ​ $ 3.54 ​ $ 0.78 ​ Exercise price ​ $ 13.36 ​ $ 13.36 ​ Volatility ​ ​ 46.00 % ​ 80.00 % Risk-free rate ​ ​ 4.20 % 3.71 % Dividends rate ​ ​ 0.00 % 0.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, 2024 September 30, 2024 Term ​ ​ 2.94 ​ ​ 2.78 Stock price ​ $ 0.78 ​ $ 1.15 ​ Volatility ​ 80.00 % 90.00 % Risk-free rate ​ 3.71 % 3.60 % Dividends rate ​ 0.00 % 0.00 %
Schedule of forward purchase agreement assets	​ ​ ​ ​ ​ Forward purchase agreement assets (liability) at December 31, 2023 $ — Forward purchase agreement asset (liability) at business combination ​ (27,530) Less cash payments from Trust ​ 37,624 Change in fair value ​ (9,399) Gain from modification ​ 1,443 Less cash received ​ (766) Change in fair value ​ 824 Forward purchase agreement asset (liability) at September 30, 2024 ​ $ 2,196
Schedule of company's liabilities that are measured at fair value on a recurring basis	The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 ​ Carrying Estimated Carrying Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward Purchase Agreement ​ $ 2,196 ​ $ 2,196 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Convertible Debt ​ $ — ​ $ — ​ $ 2,179 ​ $ 2,179 2024 Convertible Notes ​ $ 762 ​ $ 762 ​ $ — ​ $ — EFH Convertible Note ​ $ 3,630 ​ $ 3,630 ​ $ — ​ $ — Contingent consideration ​ $ 576 ​ $ 576 ​ $ — ​ $ —

BUSINESS COMBINATIONS (Tables_2

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2024
BUSINESS COMBINATIONS
Schedule of preliminary fair values of the assets acquired and liabilities assumed	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed and noncontrolling interest at the date of acquisition (in thousands): ​ ​ ​ ​ Cash $ 699 Accounts receivable ​ 620 Prepaid expenses and other assets ​ 41 Intangible assets ​ 586 Goodwill ​ 790 Total assets acquired ​ $ 2,736 ​ ​ ​ ​ Accounts payable ​ $ 218 Accrued expenses ​ 136 Contingent consideration ​ ​ 576 Total liabilities acquired ​ $ 930 ​ ​ ​ ​ Allocation to Minority Interest ​ $ 1,286
Schedule of preliminary fair value of intangible assets and estimated useful lives	The preliminary fair value of intangible assets and Delivery Circle’s assembled workforce estimated useful lives are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Identified Intangible Asset ​ Fair Value ​ Useful Life Customer relationships ​ $ 106 8 years Developed technologies ​ 400 5 years Trade name and workforce ​ 80 5 years Fair value of identified intangible assets ​ $ 586
Schedule of Pro forma combined financial information	Pro forma combined financial information (unaudited, in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Revenues ​ $ 7,036 ​ $ 6,572 ​ $ 23,013 ​ $ 21,423 Net loss ​ $ (12,182) ​ $ (2,484) ​ $ (16,869) ​ $ (4,628)

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Outstanding shares of common stock equivalents (Details)	9 Months Ended
	Sep. 30, 2024 shares
ConnectM Stock Options
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Anti-dilutive effect	473,929
ConnectM Warrants
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Anti-dilutive effect	13,067,494

BASIS OF PRESENTATION AND SIG_5

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Organization, Business Operation And Going Concern [Line Items]
Net income	$ (12,238,000)	$ (2,607,000)	$ (17,050,000)	$ (5,004,000)
Accumulated deficit	39,910,000		39,910,000		$ 22,860,000
Net cash used in operating activities			3,251,000	$ 3,523,000
Working capital deficit			31,200,000
Impairment of goodwill			0
Investment recorded at cost	$ 45,000		45,000		$ 45,000
Impairment			$ 0

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details)	9 Months Ended
	Sep. 30, 2024 segment
REPORTABLE SEGMENTS
Number of reportable segments	4

REPORTABLE SEGMENTS - Revenue i

REPORTABLE SEGMENTS - Revenue information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
REPORTABLE SEGMENTS
Revenues	$ 6,074	$ 4,384	$ 17,299	$ 15,484
Cost of revenues	4,200	3,716	11,010	11,020
SG&A	4,900	2,843	11,773	8,780
Loss on impairment			406
Loss from operations	(3,026)	(2,175)	(5,890)	(4,316)
Total assets	13,747	13,378	13,747	13,378	$ 13,157
Segment capital expenditures	49			49
Operating segments
REPORTABLE SEGMENTS
Revenues	6,074	4,384	17,299	15,484
Cost of revenues	4,200	3,716	11,010	11,020
SG&A	1,828	1,858	6,508	6,344
Loss on impairment			406
Loss from operations	46	(1,190)	(625)	(1,880)
Total assets	9,772	8,681	9,772	8,681
Segment capital expenditures			59
Unallocated corporate
REPORTABLE SEGMENTS
Loss from operations	(3,072)	(985)	(5,265)	(2,436)
Unallocated corporate costs	(3,072)	(985)	(5,265)	(2,436)
Total assets	3,975	4,697	3,975	4,697
Electrification
REPORTABLE SEGMENTS
Segment capital expenditures	49			49
Electrification | Operating segments
REPORTABLE SEGMENTS
Revenues	1,403	2,328	4,450	6,642
Cost of revenues	873	1,805	2,719	4,817
SG&A	544	1,000	1,846	3,032
Loss on impairment			406
Loss from operations	(14)	(477)	(521)	(1,207)
Total assets	2,183	3,599	2,183	3,599
Segment capital expenditures			59
Decarbonization | Operating segments
REPORTABLE SEGMENTS
Revenues	1,263	1,751	5,001	8,035
Cost of revenues	902	1,473	3,365	5,251
SG&A	260	686	1,583	2,748
Loss from operations	101	(408)	53	36
Total assets	2,755	3,843	2,755	3,843
OEM/EV | Operating segments
REPORTABLE SEGMENTS
Revenues	1,924	143	2,658	645
Cost of revenues	1,562	260	2,055	774
SG&A	464	104	931	496
Loss from operations	(102)	(221)	(328)	(625)
Total assets	4,034	1,006	4,034	1,006
Keen Home - Managed Services | Operating segments
REPORTABLE SEGMENTS
Revenues	1,484	162	5,190	162
Cost of revenues	863	178	2,871	178
SG&A	560	68	2,148	68
Loss from operations	61	(84)	171	(84)
Total assets	$ 800	$ 233	$ 800	$ 233

REPORTABLE SEGMENTS - Reconci_2

REPORTABLE SEGMENTS - Reconciliation of business segment operating loss to net loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REPORTABLE SEGMENTS
Operating (loss) income	$ (3,026)	$ (2,175)	$ (5,890)	$ (4,316)
Interest expense	(667)	(472)	(1,820)	(902)
Loss on extinguishment of debt			(592)
Change in fair value of convertible notes	(1,623)	182	(1,623)	182
Change in fair value of forward purchase agreement	(8,575)		(8,575)
Gain on forward purchase agreement modification	1,443		1,443
Other income (expense), net	270	(149)	59	4
Net loss	(12,178)	(2,614)	(16,998)	(5,032)
Reported segment
REPORTABLE SEGMENTS
Operating (loss) income	46	(1,190)	(625)	(1,880)
Unallocated corporate
REPORTABLE SEGMENTS
Operating (loss) income	(3,072)	(985)	(5,265)	(2,436)
Unallocated corporate costs	$ (3,072)	$ (985)	$ (5,265)	$ (2,436)

REVENUE RECOGNITION - Disaggr_2

REVENUE RECOGNITION - Disaggregated revenue information by geographic area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE RECOGNITION
Total	$ 6,074	$ 4,384	$ 17,299	$ 15,484
United States
REVENUE RECOGNITION
Total	5,646	4,248	16,162	14,862
India
REVENUE RECOGNITION
Total	$ 428	$ 136	$ 1,137	$ 622

REVENUE RECOGNITION - Contrac_3

REVENUE RECOGNITION - Contract liability activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
REVENUE RECOGNITION
Beginning balance	$ 1,121	$ 643
Recognition of revenue recorded as a contract liability	(1,121)	(643)
Deferred of revenue billed in the current period, net of recognition of revenue	662	197
Ending balance	$ 662	$ 197

REVENUE RECOGNITION - Contrac_4

REVENUE RECOGNITION - Contract assets activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
REVENUE RECOGNITION
Beginning balance	$ 344
Recognition of costs to fulfill during the nine months ended September 30, 2024	$ (344)

INTANGIBLE ASSETS - Identifiabl

INTANGIBLE ASSETS - Identifiable intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
INTANGIBLE ASSETS
Gross Amount	$ 2,907	$ 2,969
Accumulated Amortization	(1,056)	(1,128)
Net Amount	1,851	1,841
Customer relationships
INTANGIBLE ASSETS
Gross Amount	1,071	1,445
Accumulated Amortization	(487)	(582)
Net Amount	584	863
Tradename
INTANGIBLE ASSETS
Gross Amount	800	923
Accumulated Amortization	(252)	(217)
Net Amount	548	706
Noncompete agreements
INTANGIBLE ASSETS
Gross Amount	34	126
Accumulated Amortization	(18)	(82)
Net Amount	16	44
Intellectual property
INTANGIBLE ASSETS
Gross Amount	35	35
Accumulated Amortization	(23)	(20)
Net Amount	13	15
Internally developed software
INTANGIBLE ASSETS
Gross Amount	967	440
Accumulated Amortization	(276)	(227)
Net Amount	$ 691	$ 213

INTANGIBLE ASSETS - Amortizatio

INTANGIBLE ASSETS - Amortization expense (Details) $ in Thousands	Sep. 30, 2024 USD ($)
INTANGIBLE ASSETS
2024 (remainder)	$ 104
2025	344
2026	311
2027	253
2028	234
2029	179
Thereafter	254
Total	$ 1,679

DEBT (Details)_2

DEBT (Details)						1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended		21 Months Ended
	Jul. 12, 2024 USD ($) shares	Jul. 11, 2024 USD ($) D	Dec. 31, 2023 USD ($) shares	Feb. 22, 2023 USD ($) D $ / shares	Jun. 05, 2020 USD ($)	Sep. 30, 2024 USD ($) item $ / shares	Feb. 28, 2022 USD ($) D Lender $ / shares shares	Sep. 30, 2024 USD ($) item $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) item $ / shares	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)	Sep. 30, 2024 USD ($) item $ / shares	Jul. 10, 2024 USD ($)	Sep. 30, 2022 USD ($)	Apr. 01, 2022	May 04, 2020 USD ($)
DEBT
Deferred underwriting fees payable		$ 3,700,000
Cash payable in discharge of underwriting fee		$ 500,000
Threshold days for payment of cash to underwriter | D		30
Principal amount	$ 3,800,000
Interest rate																	5%
Change in fair value of convertible notes								$ (1,623,000)	$ 182,000	$ (1,623,000)	$ 182,000
Conversion of debt into shares | shares	1,067,592
Amortization of debt discount										60,000	250,000
Exercise price of warrants | $ / shares												$ 3.61
Change in fair value of convertible notes								(1,600,000)			$ (1,600,000)
Convertible debt			$ 2,179,000			$ 4,392,000		4,392,000		4,392,000				$ 4,392,000
Secured Promissory Note Agreement
DEBT
Number of lenders | Lender							2
Principal amount			5,500,000			4,100,000	$ 1,400,000	4,100,000		4,100,000				4,100,000
Interest rate							9.25%
Interest rate at event of default							12%
Threshhold period of failure to pay installment causing event of default | D							30
Threshhold period from receipt of written notice for false representations or warranty causing event of default | D							30
Threshhold period from receipt of written notice for breach causing event of default | D							45
Threshhold number of days proceedings pending causing event of default | D							90
Minimum amount of monetary judgement, writ filed against the the company over which cause event of default							$ 1,000,000
Threshold number of days of injunctive relief causing event of default | D							90
Amortization of debt discount								7,000	$ 7,000					21,000
Unamortized debt discount			$ 32,000			12,000	$ 83,000	12,000		$ 12,000				12,000
Number of warrants issued | shares			0				77,494
Exercise price of warrants | $ / shares							$ 3.61
Fair value of warrants							$ 83,000
Public warrants expiration term							10 years
Number of additonal debt | item										14
Outstanding			$ 7,400,000			$ 11,300,000		$ 11,300,000		$ 11,300,000				$ 11,300,000
Secured Promissory Note Agreement | Minimum
DEBT
Interest rate			18%			20%		20%		20%				20%
Secured Promissory Note Agreement | Maximum
DEBT
Interest rate			24%			24%		24%		24%				24%
2022 Convertible Notes
DEBT
Principal amount			$ 900,000													$ 1,400,000
Interest rate				5%
Interest rate at event of default				8%
Threshhold period of failure to pay installment causing event of default | D				15
Threshhold period from receipt of written notice for false representations or warranty causing event of default | D				30
Threshhold period from receipt of written notice for breach causing event of default | D				30
Threshhold number of days proceedings pending causing event of default | D				90
Minimum amount of monetary judgement, writ filed against the the company over which cause event of default				$ 100,000
Threshold number of days of injunctive relief causing event of default | D				90
Outstanding			2,300,000			$ 0		$ 0		$ 0				$ 0
Debt conversion calculation denominator price per share, percent				80%
Debt conversion calculation denominator price per share | $ / shares				$ 2.11
2024 Convertible Notes
DEBT
Principal amount						$ 700,000		$ 700,000		$ 700,000				$ 700,000
Interest rate						20%		20%		20%				20%
Debt instrument convertible conversion price | $ / shares						$ 1		$ 1		$ 1				$ 1
Term for conversion of debt instrument						90 days
Change in fair value of convertible notes								$ 22,000,000		$ 22,000,000
Convertible notes outstanding										700,000
EFH Convertible Note
DEBT
Principal amount		$ 3,700,000
Convertible notes outstanding										3,600,000
Term		1 year
Percentage of gross proceeds		10%
Threshold days of trailing volume | D		5
Require amount to paid															$ 50,000
Payment at inception agreement															$ 500,000
Small Business Administration (SBA) Loans
DEBT
Principal amount					$ 200,000
Interest rate													3.75%
Periodic payments					$ 731								$ 1,000
Outstanding			500,000			$ 500,000		500,000		500,000			$ 500,000	$ 500,000
Term					30 years
Small Business Administration (SBA) Loans | Acquisitions of FSP and CSH
DEBT
Principal amount												$ 200,000
Interest rate												3.75%
Periodic payments												$ 731
Outstanding			300,000			300,000		300,000		300,000				300,000
Term												30 years
PPP (Paycheck Protection Program) Loan
DEBT
Principal amount																		$ 200,000
Interest rate																		1%
Outstanding			59,000			28,000		28,000		28,000				28,000
Vehicle Notes
DEBT
Outstanding			$ 500,000			$ 500,000		$ 500,000		$ 500,000				$ 500,000
Number of vehicle loans | item						13		13		13				13
Vehicle Notes | Minimum
DEBT
Interest rate						4.99%		4.99%		4.99%				4.99%
Periodic payments										$ 435
Vehicle Notes | Maximum
DEBT
Interest rate						17.37%		17.37%		17.37%				17.37%
Periodic payments										$ 1,628

DEBT - Seller Notes (Details)

DEBT - Seller Notes (Details) $ in Thousands								9 Months Ended
	Feb. 28, 2023 USD ($) installment	Feb. 01, 2023 USD ($)	Dec. 28, 2022 USD ($) installment	Jul. 01, 2022 USD ($) installment	Apr. 01, 2022 USD ($) installment	May 18, 2021 USD ($)	Dec. 01, 2020 USD ($)	Sep. 30, 2024 USD ($)	Jul. 12, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 18, 2022
DEBT
Principal amount									$ 3,800
Interest rate					5%
Cash paid for noncontrolling interest								$ 60
BAC Seller Note
DEBT
Principal amount							$ 200
Payment frequency							monthly
Periodic payments							$ 4
Interest rate							6%
Outstanding								56		$ 84
ACA Seller Note
DEBT
Principal amount						$ 200
Payment frequency						monthly
Periodic payments						$ 4
Interest rate						6%
Outstanding						$ 100		100
Cash paid for noncontrolling interest						60
Consideration benefit						$ 50
ACA Seller Note | Absolutely Cool Air Conditioning
DEBT
Ownership percentage received under the settlement agreement						5%
Increase in the ownership interest						95%
First CSH Seller Notes
DEBT
Principal amount								200
Periodic payments					$ 14
Outstanding								80
Periodic payment, number of installments | installment					16
Second CSH Seller Notes
DEBT
Principal amount								200
Payment frequency					sixteen
Periodic payments					$ 14
Interest rate					5%
Outstanding										80
BHC Seller Note
DEBT
Principal amount	$ 600
Payment frequency	annual
Outstanding								200		400
Periodic payment, number of installments | installment	3
Basis spread on variable rate	1.40%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:FederalFundsEffectiveSwapRateMember
AFS Seller Note
DEBT
Principal amount								600
Payment frequency				quarterly
Periodic payments				$ 46
Interest rate				6%
Outstanding								400		500
Periodic payment, number of installments | installment				16
FSP Seller Note
DEBT
Principal amount			$ 900
Periodic payments		$ 17
Interest rate											6%
Outstanding								$ 800		$ 800
Periodic payment, number of installments | installment			60

DEBT - Promissory Notes (Detail

DEBT - Promissory Notes (Details)	1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 INR (₨)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 INR (₨)	Jul. 12, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 29, 2022 USD ($)	Apr. 01, 2022	Sep. 30, 2016 INR (₨)
DEBT
Principal amount						$ 3,800,000
Interest rate									5%
Interest expense | ₨			₨ 238,767		₨ 238,767
Real Estate Promissory Note
DEBT
Principal amount								$ 400,000
Outstanding		$ 400,000		$ 400,000			$ 400,000
Unsecured promissory note | Related party
DEBT
Principal amount	$ 8,300,000	65,000		65,000
Interest rate	14%									14%
Interest expense		2,850		2,850
Principal remained outstanding				99,696	8,300,000
Interest accrued				2,868	238,767
Maturity date	Jul. 01, 2031
Unsecured promissory note | Related party | Avanti Computing PVT, Ltd
DEBT
Principal amount | ₨										₨ 90,000,000
Interest expense				8,906	746,182
Principal remained outstanding				85,282	7,100,000
Interest accrued		$ 3,009	₨ 250,543	$ 100,907	₨ 8,400,000

DEBT - Line of Credit (Details)

DEBT - Line of Credit (Details) - USD ($)	1 Months Ended
	Jan. 31, 2023	Sep. 30, 2024	Apr. 01, 2022
DEBT
Interest rate			5%
Business line of credit
DEBT
Amount borrowed	$ 74,000
Maximum borrowing capacity	$ 74,000
Interest rate	13%
Outstanding		$ 0

DEBT - Libertas (Sale of Future

DEBT - Libertas (Sale of Future Receipts) (Details) - USD ($) $ in Thousands							9 Months Ended		12 Months Ended
	Jan. 30, 2024	Jan. 04, 2024	Nov. 29, 2023	Nov. 02, 2023	Aug. 07, 2023	Apr. 25, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Sep. 19, 2024
DEBT
Proceeds from the issuance of debt							$ 5,874	$ 6,828
Origination fees										$ 2
Loss on extinguishment of debt							(592)
Proceeds from third party debt	$ 1,100
Balance of total sale on future receipts							2,100		$ 1,900
Future receipts agreement
DEBT
Unamortized debt discount							0		0
Future Receipts agreement entered in April 2023
DEBT
Value assigned						$ 1,600
Proceeds from the issuance of debt						1,200
Origination fees						24
Unamortized debt discount						$ 400
Payment frequency						weekly
Periodic payments				$ 18		$ 30
Term until future receipts paid						1 year
Incremental fees				$ 100
Future Receipts agreement entered in August 2023
DEBT
Value assigned					$ 1,300
Proceeds from the issuance of debt					1,000
Origination fees					20
Unamortized debt discount					300
Periodic payments					$ 26
Term until future receipts paid					1 year
Incremental borrowing amount			$ 400
Incremental fees			200
Debt forgiveness due to refinancing			100
Incremental interest expense			700
Debt forgiveness under first amendment			200
Debt forgiveness under second amendment			$ 100
Loss on extinguishment of debt									$ 400
Future Receipts agreement entered in January 2024
DEBT
Value assigned	2,600	$ 500
Proceeds from the issuance of debt		400
Origination fees		7
Unamortized debt discount	500	100
Aggregate origination fees and original issuance discount		100
Periodic payments		$ 9
Term until future receipts paid		1 year
Loss on extinguishment of debt							$ 600
Remaining outstanding balance	$ 2,100

DEBT - Samson (Sale of Future R

DEBT - Samson (Sale of Future Receipts) (Details) - USD ($) $ in Thousands			3 Months Ended	9 Months Ended
	May 28, 2024	May 23, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
DEBT
Proceeds from the issuance of debt				$ 5,874	$ 6,828
Amortization of debt discount				60	$ 250
Sale of Future Receipts - Samson
DEBT
Value assigned	$ 100	$ 100
Proceeds from the issuance of debt	98	100
Unamortized debt discount	$ 28	31	$ 39	39
Periodic payments		$ 12
Payment frequency	bi-weekly	monthly
Term until future receipts paid	1 year	1 year
Outstanding			200	200
Sale of Future Receipts - Samson | Sale of Future Receipts on May 23, 2024
DEBT
Amortization of debt discount			8	10
Sale of Future Receipts - Samson | Sale of Future Receipts on May 28, 2024
DEBT
Amortization of debt discount			$ 7	$ 9
Sale of Future Receipts - Samson | Minimum
DEBT
Periodic payments	$ 6

DEBT - Channel Partners (Detail

DEBT - Channel Partners (Details) - USD ($) $ in Thousands					9 Months Ended
	Aug. 06, 2024	Jul. 31, 2024	May 14, 2024	Mar. 14, 2024	Sep. 30, 2024	Sep. 30, 2023	Jul. 12, 2024
DEBT
Proceeds from the issuance of debt					$ 5,874	$ 6,828
Principal amount							$ 3,800
Channel Partners
DEBT
Proceeds from the issuance of debt	$ 100	$ 50	$ 100
Periodic payments	$ 13	$ 3	$ 7
Term	10 months	18 months		18 months
Total outstanding balance	$ 84,000
Principal amount					$ 81

DEBT - Top Choice (Details)

DEBT - Top Choice (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Jul. 24, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 19, 2024	Dec. 31, 2023
DEBT
Proceeds from the issuance of debt			$ 5,874	$ 6,828
Origination fees					$ 2
Amortization of debt discount			60	$ 250
Outstanding balance		$ 2,100	2,100			$ 1,900
Top Choice
DEBT
Value assigned	$ 200
Proceeds from the issuance of debt	200
Origination fees	15
Amortization of debt discount		16	16
Unamortized debt discount	$ 65	48	48
Percentage of future receipts	10%
Default fee	$ 3
Current portion of debt		$ 200	$ 200

DEBT - Funding Metrics(Sale of

DEBT - Funding Metrics(Sale of Future Receipts) (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Sep. 19, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
DEBT
Proceeds from the issuance of debt			$ 5,874	$ 6,828
Origination fees	$ 2
Amortization of debt discount			60	$ 250
Outstanding balance		$ 2,100	2,100		$ 1,900
Sale of Future Receipts - Funding Metrics
DEBT
Value assigned	100	100	100
Proceeds from the issuance of debt	74
Unamortized debt discount	$ 33	30	$ 30
Term of ACH payments agreements			1 year
Default fee (as a percent)			20%
Amortization of debt discount		3	$ 3
Maximum default fee			2
Current portion of debt		$ 100	$ 100

DEBT - Debt instruments (Detail

DEBT - Debt instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 19, 2024	Aug. 06, 2024	Jul. 24, 2024	May 28, 2024	May 23, 2024	Dec. 31, 2023	Feb. 28, 2022
Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	$ 17,696						$ 13,203
Less: Debt discounts	(129)						(32)
Net secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	17,567						13,171
Convertible Debt	4,392						2,179
Total debt, net of debt discount	21,959						15,350
Secured Promissory Notes
DEBT
Less: Debt discounts	(12)						(32)	$ (83)
Secured Promissory Notes | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	11,334						7,410
Small Business Administration (SBA) Loans | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	764						769
Paycheck Protection Program (PPP) Loans | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	28						59
Vehicle Notes | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	470						497
BAC Sellers Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	56						84
ACA Sellers Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing							125
CSH Sellers Notes | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	159						235
BHC Sellers Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	200						400
AFS Sellers Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	383						463
FSP Sellers Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	768						768
Real Estate Promissory Note | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	370						370
Promissory Note - Related Party | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	185						85
Libertas - Sale of Future Receipts | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	2,058						$ 1,938
Samson - Sale of Future Receipts
DEBT
Less: Debt discounts	(39)				$ (28)	$ (31)
Samson - Sale of Future Receipts | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	183
D&O Financing agreement | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	255
Channel Partners
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing			$ 84,000
Channel Partners | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	210
Top Choice - Sale of Future Receipts
DEBT
Less: Debt discounts	(48)			$ (65)
Top Choice - Sale of Future Receipts | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	169
Funding Metrics - Sale of Future Receipts
DEBT
Less: Debt discounts	(30)	$ (33)
Funding Metrics - Sale of Future Receipts | Related party
DEBT
Total secured promissory notes, SBA loans, PPP loans, vehicle notes, sellers notes, real estate promissory notes, related party note, Sale of Future Receipts, Channel Partners and D&O financing	$ 104

DEBT - D&O Insurance Financing

DEBT - D&O Insurance Financing Agreement (Details) - D&O Insurance Financing Agreement - USD ($) $ in Thousands		9 Months Ended
	Aug. 15, 2024	Sep. 30, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Third party premium	$ 400
Periodic payments	$ 38
Debt accrued interest	8.94%
Maturity date	Apr. 01, 2025
Convertible notes outstanding		$ 300

INCOME TAXES - (Details)

INCOME TAXES - (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Federal
Income tax benefit	$ 0	$ 0	$ 0	$ 0
U.S. federal statutory rate	21%	21%	21%	21%

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 16, 2024	Aug. 05, 2024
COMMITMENTS AND CONTINGENCIES
Amount payable under advisory agreement	$ 1.5
Share price payable under advisory agreement	$ 2.5
Accrued expenses	$ 0.3
Ownership percentage of company's common stock	10%
Acquired Interests		$ 0.5
Contingent consideration		$ 0.6

FORWARD PURCHASE AGREEMENT (Det

FORWARD PURCHASE AGREEMENT (Details)		2 Months Ended	9 Months Ended	12 Months Ended
	Aug. 02, 2024 USD ($) D $ / shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares shares
FORWARD PURCHASE AGREEMENT
Forward purchase agreement at business combination			$ 27,530,000
Gain on forward purchase assets			$ 1,443,000
Shares sold under prepayment shortfall method | shares		760,661	760,661
Amount received by sale of shares		$ 800,000
Amount of forward purchase agreement		2,196,000	$ 2,196,000
Meteora | Forward Purchase Agreement Liability
FORWARD PURCHASE AGREEMENT
Number of shares to be issued | shares				6,600,000
Estimated redemption price per share | $ / shares				$ 10.19
Percentage of prepayment shortfall			1%
Minimum VWAP per share | $ / shares	$ 2		$ 7.5
Threshold trading days			20 days
Threshold trading day period			30 days
Documented fees and expenses			$ 575,000
Prepayment amount			37,000,000
Amount of additional consideration			$ 500,000
Percentage of reduction in prepayment shortfall	0.50%
Maximum number of days to provide written notice to request additional prepayment shortfall	45 days
Amount of additional shortfall request	$ 300,000
Recovery of an outstanding prepayment shortfall (as percentage)	120%
Number of trading days prior to as additional shortfall request | D	10
Number of times the value of current shares is greater than additional shortfall request | D	7
Number of trading days prior to the average daily value in additional shortfall request | D	10
Number of times the average daily value of shares is greater than additional shortfall request | D	7
Meteora | Forward Purchase Agreement Liability | Minimum
FORWARD PURCHASE AGREEMENT
VWAP Triggered price per share | $ / shares			$ 5
Meteora | Forward Purchase Agreement Liability | Maximum
FORWARD PURCHASE AGREEMENT
Amount of indebtedness		$ 25,000,000	$ 25,000,000
Meteora | Forward Purchase Agreement Liability | Class A common stock
FORWARD PURCHASE AGREEMENT
Number of shares purchased from redeeming stockholders | shares			3,288,466

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details)		3 Months Ended		9 Months Ended
	Aug. 02, 2024 shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)
FAIR VALUE MEASUREMENTS
Change in fair value of convertible notes		$ 1,600,000			$ 1,600,000
Measurement input		11.36		11.36
Discount rate		20%		20%
Stock price | $ / shares		$ 1.15		$ 1.15
Exercise price | shares		1		1
Remaining term				3 months
Risk free interest rate				4.40%
Annualized volatility		37.17%		37.17%
Fair value		$ 800,000		$ 800,000
Outstanding on the convertible note		$ 3,630,000		$ 3,630,000
Agreement term | $ / shares		$ 2		$ 2
Valuation discount		17%		17%
Shares outstanding agreement | shares	3,288,466			2,527,805
Share settlement	85%	85%		85%
2022 Convertible Notes
FAIR VALUE MEASUREMENTS
Fair value measurement input, discount rate		0.15		0.15
Change in fair value of convertible notes		$ 1,400,000	$ (84,000,000)	$ 1,600,000	$ (200,000)
2024 Convertible Notes
FAIR VALUE MEASUREMENTS
Debt instrument convertible conversion price | $ / shares		$ 1		$ 1
Term for conversion of debt instrument				90 days

FAIR VALUE MEASUREMENTS - Forwa

FAIR VALUE MEASUREMENTS - Forward purchase agreement assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) Y	Aug. 02, 2024 Y	Jul. 12, 2024 Y
Fair value disclosure
Measurement input	11.36
Gain on forward purchase assets | $	$ 1,443
Term
Fair value disclosure
Measurement input | Y	2.78	2.94	3
Stock price
Fair value disclosure
Measurement input	1.15	0.78	3.54
Exercise price
Fair value disclosure
Measurement input		13.36	13.36
Volatility
Fair value disclosure
Measurement input	90	80	46
Risk-free rate
Fair value disclosure
Measurement input	3.6	3.71	4.2
Dividend rate
Fair value disclosure
Measurement input	0	0	0

FAIR VALUE MEASUREMENTS - Roll

FAIR VALUE MEASUREMENTS - Roll forward of forward purchase agreement assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
FAIR VALUE MEASUREMENTS
Forward purchase agreement asset (liability) at business combination	$ (27,530)
Less cash payments from Trust	37,624
Change in fair value	(9,399)
Gain from modification	1,443
Less cash received	(766)
Change in fair value	824
Forward purchase agreement asset (liability) at September 30, 2024	$ 2,196

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial assets and liabilities measured (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Forward Purchase Agreement	$ 2,196
Liabilities:
Convertible debt	4,392	$ 2,179
Recurring | Carrying Amount
Assets:
Forward Purchase Agreement	2,196
Recurring | Carrying Amount | 2022 Convertible Notes
Liabilities:
Convertible debt		2,179
Recurring | Carrying Amount | 2024 Convertible Notes
Liabilities:
Convertible debt	762
Recurring | Carrying Amount | EFH Convertible Note
Liabilities:
Convertible debt	3,630
Recurring | Carrying Amount | Contingent consideration
Liabilities:
Convertible debt	576
Recurring | Estimated Fair Value
Assets:
Forward Purchase Agreement	2,196
Recurring | Estimated Fair Value | 2022 Convertible Notes
Liabilities:
Convertible debt		$ 2,179
Recurring | Estimated Fair Value | 2024 Convertible Notes
Liabilities:
Convertible debt	762
Recurring | Estimated Fair Value | EFH Convertible Note
Liabilities:
Convertible debt	3,630
Recurring | Estimated Fair Value | Contingent consideration
Liabilities:
Convertible debt	$ 576

STOCKHOLDERS' DEFICIT - Common

STOCKHOLDERS' DEFICIT - Common Stock (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Jul. 12, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Capital stock, shares authorized	110,000,000
Capital stock, par value per share	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000		100,000,000
Preferred stock, shares authorized (in shares)	10,000,000
Common shares, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	21,124,057		5,291,381
Common stock, shares outstanding (in shares)	21,124,057		5,291,381
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0		0
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	100,000,000
Common shares, par value (in dollars per share)	$ 0.0001
Common stock, shares issued (in shares)	21,124,057
Common stock, shares outstanding (in shares)	21,124,057

STOCKHOLDERS' DEFICIT - Warra_2

STOCKHOLDERS' DEFICIT - Warrants (Details) - USD ($)		9 Months Ended	12 Months Ended
	Jul. 12, 2024	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
STOCKHOLDERS' DEFICIT
Fair value of warrants				$ 82,261
Exercise price of warrants				$ 3.61
Number of shares issuable per warrant				1
Warrants
Outstanding at beginning		77,494
Assumed in Business Combination	12,990,000	12,990,000
Outstanding at ending		13,067,494	77,494
Weighted-average Exercise Price
Outstanding at beginning		$ 3.61
Assumed in Business Combination	$ 11.5	11.5
Outstanding at ending		$ 11.45	$ 3.61
Outstanding		4 years 9 months 18 days	8 years 1 month 24 days

BUSINESS COMBINATIONS - Plan of

BUSINESS COMBINATIONS - Plan of Merger (Details)			12 Months Ended
	Jul. 12, 2024 USD ($) $ / shares shares	Jul. 11, 2024 USD ($) D	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Sep. 30, 2024 USD ($) $ / shares
BUSINESS COMBINATIONS
Deferred underwriting fees payable		$ 3,700,000
Cash payable in discharge of underwriting fee		$ 500,000
Threshold days for payment of cash to underwriter | D		30
Principal amount	$ 3,800,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001		$ 0.0001
Preferred shares, par value (in dollars per share) | $ / shares	0.0001				$ 0.0001
Additional paid-in-capital			$ 1,307,000		$ 11,425,000
Monterey Capital Acquisition Corporation
BUSINESS COMBINATIONS
Deferred underwriting fees payable			$ 3,680,000	$ 3,680,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001
Preferred shares, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Business combination costs			$ 1,200,000	$ 600,000
Additional paid-in-capital	$ 3,200,000
Offering costs incurred	2,500,000
Funds held under reinsurance agreements asset	79,600,000
Proceeds from time deposits accepted	200,000
Pay redeeming shareholders	41,700,000
Professional fees	200,000
Accordance with the forward purchase agreement	$ 37,600,000
Chronos Merger Sub, Inc. | Monterey Capital Acquisition Corporation
BUSINESS COMBINATIONS
Number of shares issued as merger consideration | shares	14,500,000
Chronos Merger Sub, Inc. | Monterey Capital Acquisition Corporation | Maximum
BUSINESS COMBINATIONS
Business combination costs	$ 8,000,000

BUSINESS COMBINATIONS - Deliver

BUSINESS COMBINATIONS - Delivery Circle (Details)		9 Months Ended
	Aug. 05, 2024 USD ($) Vote Right shares	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
BUSINESS COMBINATIONS
Contingent Consideration		$ 377,000
Cash acquired in Delivery Circle Acquisition		699,000
Goodwill		$ 3,037,000	$ 2,247,000
DeliveryCircle LLC
BUSINESS COMBINATIONS
Percentage of equity interests acquired	46%
Percentage of voting equity interests acquired	57%
Number of voting members | Right	4
Total number of voting members | Vote	7
Number of days from the date of agreement for the payment of base price	576,000
Purchase price	$ 520,000
Contingent Consideration	576,000
Total	$ 1,096,000
Divided by Acquired Ownership	46%
Implied Consideration	100%
Ownership	$ 2,382,000
Revenue growth percentage	20%
DeliveryCircle LLC | Minimum
BUSINESS COMBINATIONS
Maximum amount of consideration to be transferred	$ 520,000
DeliveryCircle LLC | Class A Units
BUSINESS COMBINATIONS
Number of membership interests acquired | shares	842,157
DeliveryCircle LLC | Class P Units
BUSINESS COMBINATIONS
Number of membership interests acquired | shares	207,843
DeliveryCircle LLC | Series A Units
BUSINESS COMBINATIONS
Number of membership interests acquired | shares	3,063

BUSINESS COMBINATIONS - Assets

BUSINESS COMBINATIONS - Assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Aug. 05, 2024	Dec. 31, 2023
BUSINESS COMBINATIONS
Goodwill	$ 3,037		$ 2,247
Contingent consideration	377
Allocation to Minority Interest	$ 1,311		$ (26)
DeliveryCircle, LLC
BUSINESS COMBINATIONS
Cash		$ 699
Accounts receivable		620
Prepaid expenses and other assets		41
Intangible assets		586
Goodwill		790
Total assets acquired		2,736
Accounts payable		218
Accrued expenses		136
Contingent consideration		576
Total liabilities acquired		930
Allocation to Minority Interest		$ 1,286

BUSINESS COMBINATIONS - Fair va

BUSINESS COMBINATIONS - Fair value and estimated useful lives of intangible assets (Details) - DeliveryCircle LLC $ in Thousands	Aug. 05, 2024 USD ($)
BUSINESS COMBINATIONS
Fair value of intangible assets	$ 586
Customer relationships
BUSINESS COMBINATIONS
Fair value of intangible assets	$ 106
Remaining Useful Life	8 years
Developed technologies
BUSINESS COMBINATIONS
Fair value of intangible assets	$ 400
Remaining Useful Life	5 years
Trade name and workforce
BUSINESS COMBINATIONS
Fair value of intangible assets	$ 80
Remaining Useful Life	5 years

BUSINESS COMBINATIONS - Key Ass

BUSINESS COMBINATIONS - Key Assumptions (Details) - DeliveryCircle, LLC	Aug. 05, 2024
Tradename | Tax rate
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.28
Tradename | Discount Rate
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.14
Tradename | Royalty rate
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.003
Developed technologies | Revenue migration
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.20
Customer relationships | Discount Rate
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.14
Customer relationships | Attrition rate
BUSINESS COMBINATIONS
Acquired intangible asset measurement	0.10

BUSINESS COMBINATIONS - Pro for

BUSINESS COMBINATIONS - Pro forma combined financial information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
BUSINESS COMBINATIONS
Revenues	$ 6,074	$ 4,384	$ 17,299	$ 15,484
Net Loss	(12,178)	(2,614)	(16,998)	(5,032)
DeliveryCircle LLC
BUSINESS COMBINATIONS
Revenues	7,036	6,572	23,013	21,423
Net Loss	$ (12,182)	$ (2,484)	$ (16,869)	$ (4,628)

DUE TO RELATED PARTY (Details)

DUE TO RELATED PARTY (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 12, 2024	Sep. 30, 2024	Jul. 31, 2024	Dec. 31, 2022
Related Party Transaction [Line Items]
Warrants expiration term	5 years
Exercise price of warrants				$ 3.61
Principal amount	$ 3,800
Related party		$ 1,057
Related party
Related Party Transaction [Line Items]
Related party		686
Related party | working capital loans
Related Party Transaction [Line Items]
Debt instrument convertible conversion price	$ 1
Warrants expiration term	5 years
Exercise price of warrants	$ 11.5
Amount Assumed		400
Outstanding		400
Related party | Unsecured promissory note
Related Party Transaction [Line Items]
Amount Assumed	$ 65
Amount payable	65
Principal amount		65	$ 8,300
Related party | Monies Advanced by Sponsor [Member]
Related Party Transaction [Line Items]
Amount Assumed	$ 100
Principal amount		100
Related party		$ 600

SUBSEQUENT EVENTS (Details)_2_3

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands			1 Months Ended	2 Months Ended	9 Months Ended
	Nov. 19, 2024 USD ($) $ / shares shares	Jul. 12, 2024 USD ($) $ / shares shares	Oct. 31, 2024 USD ($) item	Nov. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 $ / shares	Apr. 01, 2022
SUBSEQUENT EVENTS
Payments of debt					$ 1,765
Net cash proceeds					5,874	$ 6,828
Principal amount		$ 3,800
Interest rate								5%
Conversion of debt into shares | shares		1,067,592
Conversion of convertible debt to common stock					$ 3,779
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001		$ 0.0001
Subsequent events
SUBSEQUENT EVENTS
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Subsequent events | Future Sale Receipt, Third Party
SUBSEQUENT EVENTS
Value assigned				$ 900
Payments of debt				300
Net cash proceeds				$ 500
Subsequent events | Convertible Notes, Due April 2025
SUBSEQUENT EVENTS
Principal amount			$ 1,100
Number of convertible promissory notes | item			4
Interest rate			20%
Subsequent events | Convertible note
SUBSEQUENT EVENTS
Conversion of debt into shares | shares	6,719,742
Conversion of convertible debt to common stock	$ 13,800
Debt instrument convertible conversion price | $ / shares	$ 2.045