Complete Filing Data
SolarMax Technology, Inc. reported Stockholders Equity of -$16.21 million for FY2022.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean SolarMax Technology, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Net Income * | -$35.0M | $434.8K | -$6.9M |
| Selling And Marketing Expense | $517.1K | $1.2M | $1.1M |
| Revenues | $23.0M | $54.1M | $44.7M |
| Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax | -$166.6K | -$115.1K | -$887.0K |
| Operating Income Loss | -$33.1M | $483.9K | -$8.0M |
| Operating Expenses | $35.4M | $10.7M | $15.5M |
| Nonoperating Income Expense | -$195.0K | -$113.3K | $1.1M |
| Income Tax Expense Benefit | $1.7M | -$64.2K | $41.4K |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$33.3M | $370.6K | -$6.8M |
| Gross Profit | $2.3M | $11.1M | $7.5M |
| General And Administrative Expense | $27.4M | $9.5M | $14.4M |
| Cost Of Revenue | $20.7M | $43.0M | $37.2M |
| Comprehensive Income Net Of Tax | -$35.1M | $319.7K | -$7.8M |
| Other Nonoperating Income Expense | -$144.5K | $499.5K | -$616.1K |
| Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From AOCI Realized Upon Sale Or Liquidation Net Of Tax | |||
| Deferred Income Tax Expense Benefit | $1.8M | -$84.2K | -$92.7K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$2.3M | -$1.9M | -$1.3M | -$9.6M | -$2.2M | -$19.3M | $1.5M | -$1.9M | $742.8K |
| Selling And Marketing Expense | $146.2K | $70.7K | $79.0K | $140.0K | $86.9K | $165.2K | $299.7K | $413.5K | $250.3K |
| Revenues | $30.6M | $6.9M | $6.9M | $6.3M | $4.5M | $5.8M | $14.3M | $14.8M | $12.9M |
| Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax | $8.7K | $2.6K | $779.00 | $173.2K | -$64.6K | -$208.0K | -$42.5K | -$622.2K | $221.0K |
| Operating Income Loss | -$2.1M | -$1.8M | -$1.2M | -$10.0M | -$2.4M | -$18.9M | $920.4K | -$910.7K | $527.2K |
| Operating Expenses | $3.1M | $2.4M | $2.6M | $11.3M | $3.0M | $18.4M | $3.1M | $3.0M | $1.5M |
| Nonoperating Income Expense | -$665.4K | -$236.3K | -$204.4K | $461.4K | $120.5K | -$386.2K | $404.0K | -$456.6K | $319.3K |
| Income Tax Expense Benefit | -$515.5K | -$106.2K | -$63.6K | $56.8K | -$114.9K | $4.8K | -$140.9K | $491.1K | -$201.3K |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$2.8M | -$2.0M | -$1.4M | -$9.6M | -$2.3M | -$19.3M | $1.3M | -$1.4M | $541.5K |
| Gross Profit | $956.2K | $604.6K | $1.4M | $1.3M | $588.1K | -$464.4K | $4.0M | $2.1M | $2.1M |
| General And Administrative Expense | $2.9M | $2.3M | $2.5M | $3.7M | $2.9M | $18.3M | $2.8M | $2.6M | $1.3M |
| Cost Of Revenue | $29.6M | $6.3M | $5.5M | $5.1M | $3.9M | $6.2M | $10.2M | $12.7M | $10.8M |
| Comprehensive Income Net Of Tax | -$2.2M | -$1.9M | -$1.3M | -$9.4M | -$2.2M | -$19.5M | $1.4M | -$2.5M | $963.8K |
| Other Nonoperating Income Expense | $63.4K | $69.6K | $59.1K | $387.2K | -$97.1K | -$208.7K | $263.4K | -$401.1K | |
| Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From AOCI Realized Upon Sale Or Liquidation Net Of Tax | $8.7K | $2.6K | $779.00 | $173.2K | -$64.6K | -$208.0K | -$622.2K | $221.0K | |
| Deferred Income Tax Expense Benefit | -$69.6K | -$1.2K | -$207.3K |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Stockholders Equity | -$16.2M | -$8.4M | ||
| Investments | $9.1M | $9.3M | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $4.2M | $13.4M | ||
| Cash And Cash Equivalents At Carrying Value | $3.8M | $9.9M | ||
| Restricted Cash Noncurrent | $347.0K | $320.3K | ||
| Gain Loss On Termination Of Lease | $77.2K | $4.2K | $1.1M | |
| Equity In Income Of Solar Project Companies | $634.8K | $864.1K | $493.6K | |
| Gains Losses On Extinguishment Of Debt | $302.7K | $26.8K | $1.9M | |
| Unsecured Debt Current | $2.0M | $2.0M | ||
| Treasury Stock Common Shares | 1.2M | 1.2M | ||
| Secured Debt Current | $11.4M | $10.5M | ||
| Retained Earnings Accumulated Deficit | -$68.6M | -$69.1M | ||
| Repayments Of Convertible Debt | $5.5M | $4.8M | $7.1M | |
| Property Plant And Equipment Net | $291.4K | $444.2K | ||
| Preferred Stock Value | $0.00 | $0.00 | ||
| Other Receivables Net Current | $3.8M | $4.0M | ||
| Other Liabilities Noncurrent | $2.8M | $3.5M | ||
| Other Assets Noncurrent | $880.6K | $937.2K | ||
| Operating Lease Right Of Use Asset Amortization Expense | $1.5M | $1.4M | $1.1M | |
| Operating Lease Right Of Use Asset | $5.4M | $6.9M | ||
| Operating Lease Liability Noncurrent | $4.1M | $5.5M | ||
| Operating Lease Liability Current | $1.5M | $1.5M | ||
| Notes And Loans Receivable Net Noncurrent | $4.3M | $6.8M | ||
| Notes And Loans Receivable Net Current | $2.2M | $3.4M | ||
| Liabilities Current | $43.4M | $46.5M | ||
| Liabilities And Stockholders Equity | $48.7M | $61.5M | ||
| Liabilities | $64.5M | $77.7M | ||
| Inventory Net | $1.3M | $3.4M | ||
| Equity In Income Of Investment In Excess Of Distribution Received | $634.8K | $864.1K | -$493.6K | |
| Common Stock Value | $41.0K | $41.0K | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$1.8M | -$1.3M | -$9.2M | |
| Assets Current | $19.9M | $29.1M | ||
| Assets | $48.7M | $61.5M | ||
| Amortization Of Loan Discounts On Customer Loan Receivables | -$2.3K | -$53.9K | -$147.1K | |
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$1.3M | -$1.2M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity | -$11.8M | -$15.1M | -$15.9M | -$15.1M | -$10.9M | -$2.8M | -$585.2K | -$15.9M | -$16.3M | -$17.7M | -$15.2M |
| Investments | $10.6M | $10.3M | $10.1M | $10.0M | $10.3M | $9.7M | $9.6M | $9.7M | $9.4M | $9.0M | $9.2M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $6.0M | $2.2M | $873.9K | $1.1M | $1.2M | $1.7M | $5.3M | $2.9M | $4.2M | $4.0M | $8.5M |
| Cash And Cash Equivalents At Carrying Value | $5.7M | $1.9M | $596.3K | $786.3K | $871.4K | $1.4M | $4.9M | $2.5M | $3.3M | $2.9M | $8.0M |
| Restricted Cash Noncurrent | $278.6K | $277.7K | $276.7K | $275.5K | $313.4K | $356.5K | $354.5K | $352.5K | $350.5K | $348.6K | |
| Gain Loss On Termination Of Lease | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $77.2K | $0.00 | $0.00 | $4.2K | ||
| Equity In Income Of Solar Project Companies | $169.3K | $144.0K | -$14.3K | $253.9K | $238.8K | $60.2K | $451.6K | $367.4K | $67.9K | ||
| Gains Losses On Extinguishment Of Debt | -$662.3K | -$314.0K | $13.4K | $222.3K | $53.6K | $0.00 | $0.00 | $13.4K | |||
| Unsecured Debt Current | $0.00 | $2.0M | $2.9M | $2.9M | $2.9M | $2.9M | $2.0M | ||||
| Treasury Stock Common Shares | 1.3M | 1.2M | 1.2M | 1.3M | 1.2M | 1.2M | 1.2M | ||||
| Secured Debt Current | $5.5M | $7.4M | $7.4M | $5.4M | $7.9M | $6.4M | $9.4M | ||||
| Retained Earnings Accumulated Deficit | -$109.0M | -$106.8M | -$104.9M | -$103.6M | -$99.7M | -$90.1M | -$87.9M | ||||
| Repayments Of Convertible Debt | $50.0K | $3.0M | $2.5M | ||||||||
| Property Plant And Equipment Net | $151.9K | $165.0K | $181.9K | $200.9K | $220.1K | $243.9K | $267.4K | ||||
| Preferred Stock Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
| Other Receivables Net Current | $1.2M | $1.8M | $1.6M | $1.7M | $3.8M | $3.8M | $4.8M | ||||
| Other Liabilities Noncurrent | $2.0M | $1.7M | $2.0M | $2.1M | $2.4M | $2.5M | $2.6M | ||||
| Other Assets Noncurrent | $1.0M | $917.6K | $915.2K | $926.3K | $924.4K | $908.8K | $910.5K | ||||
| Operating Lease Right Of Use Asset Amortization Expense | $376.4K | $368.7K | $358.4K | ||||||||
| Operating Lease Right Of Use Asset | $2.0M | $2.4M | $2.8M | $3.2M | $3.5M | $3.9M | $4.3M | ||||
| Operating Lease Liability Noncurrent | $437.7K | $869.0K | $1.3M | $1.7M | $2.1M | $2.5M | $2.9M | ||||
| Operating Lease Liability Current | $1.7M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $1.5M | ||||
| Notes And Loans Receivable Net Noncurrent | $2.5M | $2.6M | $2.8M | $3.1M | $3.5M | $3.8M | $4.4M | ||||
| Notes And Loans Receivable Net Current | $900.4K | $1.1M | $1.2M | $1.3M | $1.4M | $1.5M | $1.4M | ||||
| Liabilities Current | $57.5M | $39.8M | $39.0M | $34.7M | $37.7M | $34.9M | $36.4M | ||||
| Liabilities And Stockholders Equity | $58.7M | $38.2M | $38.6M | $38.6M | $43.0M | $51.1M | $54.7M | ||||
| Liabilities | $70.4M | $53.4M | $54.5M | $53.7M | $54.0M | $53.9M | $55.3M | ||||
| Inventory Net | $1.6M | $1.6M | $2.3M | $1.3M | $1.5M | $1.6M | $1.2M | ||||
| Equity In Income Of Investment In Excess Of Distribution Received | -$14.3K | $60.2K | $67.9K | ||||||||
| Common Stock Value | $55.6K | $49.9K | $47.1K | $46.5K | $46.5K | $46.3K | $46.2K | ||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$189.2K | $2.4M | $4.4M | ||||||||
| Assets Current | $42.1M | $21.5M | $21.6M | $20.9M | $24.2M | $24.7M | $27.3M | ||||
| Assets | $58.7M | $38.2M | $38.6M | $38.6M | $43.0M | $51.1M | $54.7M | ||||
| Amortization Of Loan Discounts On Customer Loan Receivables | $0.00 | -$1.8K | -$22.2K | ||||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$1.4M | -$1.4M | -$1.4M | -$1.4M | -$1.4M | -$1.6M | -$1.5M |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Share-Based Compensation * | $18.5M | $0.00 | |
| Proceeds From Sale Of Property Plant And Equipment | $21.0K | $21.4K | $91.8K |
| Net Cash Provided By Used In Operating Activities | -$9.1M | $4.1M | -$2.0M |
| Net Cash Provided By Used In Investing Activities | -$6.3M | -$6.6K | -$280.5K |
| Net Cash Provided By Used In Financing Activities | $13.3M | -$5.3M | -$7.5M |
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | -$3.7M | -$2.7M | -$236.6K |
| Increase Decrease In Operating Lease Liability | -$1.4M | -$1.4M | -$1.1M |
| Increase Decrease In Customer Loans Receivable | -$2.0M | -$3.8M | $5.5M |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $305.9K | -$37.9K | $518.7K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q1 2024 | Q1 2023 |
|---|---|---|---|
| Share-Based Compensation * | $0.00 | $17.2M | $0.00 |
| Proceeds From Sale Of Property Plant And Equipment | $0.00 | $14.5K | $22.2K |
| Net Cash Provided By Used In Operating Activities | -$601.1K | -$6.4M | $2.4M |
| Net Cash Provided By Used In Investing Activities | $93.4K | -$7.0M | $22.2K |
| Net Cash Provided By Used In Financing Activities | $376.5K | $15.6M | $2.0M |
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | $50.8K | -$3.8M | $2.1M |
| Increase Decrease In Operating Lease Liability | -$381.9K | -$363.9K | -$341.0K |
| Increase Decrease In Customer Loans Receivable | -$363.2K | -$636.0K | -$1.1M |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -$58.0K | $205.5K | -$61.1K |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 44.3M | 39.7M | 39.7M |
| Weighted Average Number Of Diluted Shares Outstanding | 44.3M | 40.0M | 39.7M |
| Earnings Per Share Diluted | $-0.79 | $0.01 | $-0.17 |
| Earnings Per Share Basic | $-0.79 | $0.01 | $-0.17 |
| Preferred Stock Shares Outstanding | 0.00 | 0.00 | |
| Preferred Stock Shares Issued | 0.00 | 0.00 | |
| Preferred Stock Shares Authorized | 15.0M | 15.0M | |
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | |
| Common Stock Shares Outstanding | 39.7M | 39.7M | |
| Common Stock Shares Issued | 41.0M | 41.0M | |
| Common Stock Shares Authorized | 297.2M | 297.2M | |
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 52.7M | 45.8M | 44.4M | 45.2M | 41.5M | 41.5M | 39.7M | 39.7M | |
| Weighted Average Number Of Diluted Shares Outstanding | 52.7M | 45.8M | 44.4M | 45.2M | 41.5M | 41.5M | 40.0M | 44.5M | |
| Earnings Per Share Diluted | $-0.04 | $-0.04 | $-0.03 | $-0.21 | $-0.05 | $-0.46 | $0.04 | $0.02 | |
| Earnings Per Share Basic | $-0.04 | $-0.04 | $-0.03 | $-0.21 | $-0.05 | $-0.46 | $0.04 | $0.02 | |
| Preferred Stock Shares Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Preferred Stock Shares Issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Preferred Stock Shares Authorized | 15.0M | 15.0M | 15.0M | 15.0M | 15.0M | 15.0M | 15.0M | ||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Common Stock Shares Outstanding | 54.3M | 48.6M | 45.8M | 45.3M | 45.3M | 45.0M | 45.0M | ||
| Common Stock Shares Issued | 55.6M | 49.9M | 47.1M | 46.5M | 46.5M | 46.3M | 46.2M | ||
| Common Stock Shares Authorized | 297.2M | 297.2M | 297.2M | 297.2M | 297.2M | 297.2M | 297.2M | ||
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Interest Income Other | $500.5K | $68.9K | $61.6K |
| Provision For Doubtful Accounts | $164.2K | $56.8K | $61.7K |
| Product Warranty Expense | $410.1K | $639.3K | $536.5K |
| Interest Paid Net | $1.4M | $1.1M | $1.6M |
| Depreciation And Amortization | $81.5K | $180.7K | $277.9K |
| Contract With Customer Asset Net Current | $549.1K | $4.7M | |
| Amortization Of Financing Costs And Discounts | $198.4K | $180.8K | $171.8K |
| Additional Paid In Capital | $55.8M | $55.8M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Income Other | $120.1K | $226.7K | $120.2K | $206.3K | $141.3K | $15.8K | $18.1K | $26.4K | $8.7K | |
| Provision For Doubtful Accounts | $11.7K | $61.0K | $142.0K | |||||||
| Product Warranty Expense | $102.2K | $61.5K | $152.2K | |||||||
| Interest Paid Net | $392.0K | $540.2K | $349.3K | |||||||
| Depreciation And Amortization | $19.0K | $23.9K | $51.0K | |||||||
| Contract With Customer Asset Net Current | $10.3M | $512.5K | $762.0K | $474.3K | $458.4K | $668.2K | $292.6K | |||
| Amortization Of Financing Costs And Discounts | $32.0K | $47.1K | $45.1K | |||||||
| Additional Paid In Capital | $100.6M | $95.0M | $92.4M | $91.9M | $91.9M | $90.6M | $90.6M |
Most recent annual filing with the SEC: March 31, 2025
Data sourced from SEC EDGAR public filings as of August 5, 2026.