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SolarMax Technology, Inc.: 10-Q filed 2024-08-14

What SolarMax Technology, Inc. reported in its quarterly report filed 2024-08-14 (fiscal Q2 2024): 47 published measures, 129 facts as tagged in accession 0001640334-24-001253.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-14
Fiscal period
fiscal Q2 2024
Accession
0001640334-24-001253 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All SolarMax Technology, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2024-06-3051,092,027USD
At 2023-12-3148,655,201USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2024-06-3053,906,066USD
At 2023-12-3164,543,029USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2024-06-30-2,814,039USD
At 2024-03-31-585,238USD
At 2023-12-31-15,887,828USD
At 2023-06-30-17,724,178USD
At 2023-03-31-15,243,727USD
At 2022-12-31-16,207,549USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2024-06-301,359,990USD
At 2023-12-312,539,312USD
At 2023-06-302,909,260USD
At 2022-12-313,821,952USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2,164,224USD91
2024-01-01 to 2024-06-30-21,436,011USD182
2023-04-01 to 2023-06-30-1,858,295USD91
2023-01-01 to 2023-06-30-1,115,480USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-8,022,213USD182
2023-01-01 to 2023-06-30-1,383,784USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2024-01-01 to 2024-06-300USD182
2023-01-01 to 2023-06-3027,999USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2024-04-01 to 2024-06-304,454,301USD91
2024-01-01 to 2024-06-3010,218,375USD182
2023-04-01 to 2023-06-3014,753,462USD91
2023-01-01 to 2023-06-3027,621,940USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2024-01-01 to 2024-06-3014,216,118USD182
2023-01-01 to 2023-06-30639,990USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-7,673,749USD182
2023-01-01 to 2023-06-30-6,092USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-06-30-90,059,980USD
At 2023-12-31-68,623,969USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-114,884USD91
2024-01-01 to 2024-06-30-110,083USD182
2023-04-01 to 2023-06-30491,053USD91
2023-01-01 to 2023-06-30289,765USD181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-06-30243,871USD
At 2023-12-31291,416USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2024-01-01 to 2024-06-3017,210,288USD182
2023-01-01 to 2023-06-300USD181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2,399,569USD91
2024-01-01 to 2024-06-30-21,280,308USD182
2023-04-01 to 2023-06-30-910,669USD91
2023-01-01 to 2023-06-30-383,458USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2024-06-3024,696,533USD
At 2023-12-3119,921,585USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2024-06-3034,880,250USD
At 2023-12-3143,401,304USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2024-06-302,112,322USD
At 2023-12-313,384,195USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2024-06-307,380,885USD
At 2023-12-317,584,779USD
At 2022-12-317,774,472USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-06-304,423,600USD
At 2023-12-314,176,322USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2024-04-01 to 2024-06-302,987,652USD91
2024-01-01 to 2024-06-3021,403,984USD182
2023-04-01 to 2023-06-302,991,224USD91
2023-01-01 to 2023-06-304,536,350USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2024-06-301,557,419USD
At 2023-12-311,341,397USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-30588,083USD91
2024-01-01 to 2024-06-30123,676USD182
2023-04-01 to 2023-06-302,080,555USD91
2023-01-01 to 2023-06-304,152,892USD181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2024-04-01 to 2024-06-303,866,218USD91
2024-01-01 to 2024-06-3010,094,699USD182
2023-04-01 to 2023-06-3012,672,907USD91
2023-01-01 to 2023-06-3023,469,048USD181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2024-06-3045,019,360shares
At 2023-12-3139,735,536shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-06-301,673,354USD
At 2023-12-312,893,816USD
At 2023-06-304,016,973USD
At 2022-12-314,168,951USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2024-06-3090,563,684USD
At 2023-12-3155,786,634USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2024-06-30-1,555,122USD
At 2023-12-31-1,282,588USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2024-06-303,914,962USD
At 2023-12-315,411,820USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2024-06-306,252,142USD
At 2023-12-316,375,603USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2024-06-306,008,271USD
At 2023-12-316,084,187USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-30908,845USD
At 2023-12-31880,621USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-302,467,357USD
At 2023-12-312,793,388USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-06-301,123,044USD
At 2023-12-311,342,834USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2,279,108USD91
2024-01-01 to 2024-06-30-21,546,094USD182
2023-04-01 to 2023-06-30-1,367,242USD91
2023-01-01 to 2023-06-30-825,715USD181

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2024-01-01 to 2024-06-3021,436,011USD182
2023-01-01 to 2023-06-301,115,480USD181

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2,228,801USD91
2024-01-01 to 2024-06-30-21,708,545USD182
2023-04-01 to 2023-06-30-2,480,451USD91
2023-01-01 to 2023-06-30-1,516,629USD181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-302,900,745USD91
2024-01-01 to 2024-06-3021,151,855USD182
2023-04-01 to 2023-06-302,577,722USD91
2023-01-01 to 2023-06-303,872,509USD181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2024-04-01 to 2024-06-3025,000USD91
2024-01-01 to 2024-06-3049,000USD182
2023-04-01 to 2023-06-3049,000USD91
2023-01-01 to 2023-06-30100,000USD181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-97,069USD91
2024-01-01 to 2024-06-30-305,757USD182
2023-04-01 to 2023-06-30-401,140USD91
2023-01-01 to 2023-06-30-81,888USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2024-04-01 to 2024-06-30120,461USD91
2024-01-01 to 2024-06-30-265,786USD182
2023-04-01 to 2023-06-30-456,573USD91
2023-01-01 to 2023-06-30-442,257USD181

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2024-01-01 to 2024-06-3057,801USD182
2023-01-01 to 2023-06-300USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2024-01-01 to 2024-06-30820,746USD182
2023-01-01 to 2023-06-30771,357USD181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-06-302,000USD182
2023-01-01 to 2023-06-300USD181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30386,812USD182
2023-01-01 to 2023-06-30-712,736USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30266,297USD182
2023-01-01 to 2023-06-30-1,268,895USD181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-1,271,873USD182
2023-01-01 to 2023-06-301,529,972USD181

Inspect the source

Entity
SolarMax Technology, Inc. / CIK 0001519472
Captured
2026-09-20T09:14:27.028Z
SEC response SHA-256
3e6864d006383336c26fba89221749cea450fc3b9e5b66f392aac0b68ca76517

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001519472.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))