SolarMax Technology, Inc.: 10-Q filed 2026-05-15

Name: SolarMax Technology, Inc.: 10-Q filed 2026-05-15
Creator: SolarMax Technology, Inc.

What SolarMax Technology, Inc. reported in its quarterly report filed 2026-05-15 (fiscal Q1 2026): 49 published measures, 104 facts as tagged in accession 0001640334-26-000909.

This filing

Form: 10-Q (quarterly report)
Filed: 2026-05-15
Fiscal period: fiscal Q1 2026
Accession: 0001640334-26-000909 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.

Period	Value	Unit	Days
At 2026-03-31	106,193,906	USD
At 2025-12-31	91,287,054	USD

Total liabilities

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

Period	Value	Unit	Days
At 2026-03-31	117,601,882	USD
At 2025-12-31	103,497,152	USD

Stockholders equity

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

Period	Value	Unit
At 2026-03-31	-11,407,976	USD
At 2025-12-31	-12,210,098	USD
At 2025-03-31	-15,874,405	USD
At 2024-12-31	-15,078,942	USD

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.

Period	Value	Unit
At 2026-03-31	4,307,362	USD
At 2025-12-31	7,966,797	USD
At 2025-03-31	596,251	USD
At 2024-12-31	786,333	USD

Net income or loss

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-306,684	USD	90
2025-01-01 to 2025-03-31	-1,296,242	USD	90

Operating cash flow

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-4,187,144	USD	90
2025-01-01 to 2025-03-31	-601,134	USD	90

Revenue

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	14,830,617	USD	90
2025-01-01 to 2025-03-31	6,927,469	USD	90

Financing cash flow

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-7,699	USD	90
2025-01-01 to 2025-03-31	376,549	USD	90

Investing cash flow

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	548,438	USD	90
2025-01-01 to 2025-03-31	93,417	USD	90

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2026-03-31	-110,218,357	USD
At 2025-12-31	-109,911,673	USD

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	56,184,348	shares	90
2025-01-01 to 2025-03-31	44,417,782	shares	90

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-0.01	USD/shares	90
2025-01-01 to 2025-03-31	-0.03	USD/shares	90

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-0.01	USD/shares	90
2025-01-01 to 2025-03-31	-0.03	USD/shares	90

Income tax expense or benefit

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-6,321	USD	90
2025-01-01 to 2025-03-31	-63,634	USD	90

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.

Period	Value	Unit	Days
At 2026-03-31	125,842	USD
At 2025-12-31	138,890	USD

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	96,196	USD	90
2025-01-01 to 2025-03-31	-1,155,504	USD	90

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.

Period	Value	Unit	Days
At 2026-03-31	80,456,273	USD
At 2025-12-31	75,349,113	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	298,065	USD	90
2025-01-01 to 2025-03-31	369,403	USD	90

Current liabilities

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

Period	Value	Unit	Days
At 2026-03-31	98,018,140	USD
At 2025-12-31	95,710,719	USD

Current accounts payable

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

Period	Value	Unit	Days
At 2026-03-31	60,968,271	USD
At 2025-12-31	59,565,812	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2026-03-31	12,283,110	USD
At 2025-12-31	12,939,589	USD

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	2,950,372	USD	90
2025-01-01 to 2025-03-31	2,574,575	USD	90

Net inventory

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

Period	Value	Unit	Days
At 2026-03-31	1,717,939	USD
At 2025-12-31	2,061,558	USD

Gross profit

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

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	3,046,568	USD	90
2025-01-01 to 2025-03-31	1,419,071	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	11,784,049	USD	90
2025-01-01 to 2025-03-31	5,508,398	USD	90

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.

Period	Value	Unit	Days
At 2026-03-31	56,906,572	shares
At 2025-12-31	54,906,572	shares

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.

Period	Value	Unit
At 2026-03-31	4,587,886	USD
At 2025-12-31	8,246,813	USD
At 2025-03-31	873,919	USD
At 2024-12-31	1,063,077	USD

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.

Period	Value	Unit	Days
At 2026-03-31	102,136,566	USD
At 2025-12-31	101,042,566	USD

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.

Period	Value	Unit	Days
At 2026-03-31	-1,405,059	USD
At 2025-12-31	-1,417,865	USD

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.

Period	Value	Unit	Days
At 2026-03-31	11,800,881	USD
At 2025-12-31	1,638,649	USD

Gross property, plant and equipment

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

Period	Value	Unit	Days
At 2026-03-31	5,670,851	USD
At 2025-12-31	5,665,477	USD

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.

Period	Value	Unit	Days
At 2026-03-31	5,545,009	USD
At 2025-12-31	5,526,587	USD

Other noncurrent assets

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

Period	Value	Unit	Days
At 2026-03-31	880,524	USD
At 2025-12-31	909,209	USD

Other noncurrent liabilities

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

Period	Value	Unit	Days
At 2026-03-31	2,164,092	USD
At 2025-12-31	2,194,744	USD

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.

Period	Value	Unit	Days
At 2026-03-31	619,849	USD
At 2025-12-31	949,803	USD

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-313,005	USD	90
2025-01-01 to 2025-03-31	-1,359,876	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-293,878	USD	90
2025-01-01 to 2025-03-31	-1,295,463	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	2,907,745	USD	90
2025-01-01 to 2025-03-31	2,495,563	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	13,000	USD	90
2025-01-01 to 2025-03-31	19,000	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	77,336	USD	90
2025-01-01 to 2025-03-31	59,086	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-409,201	USD	90
2025-01-01 to 2025-03-31	-204,372	USD	90

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-6,321	USD	90
2025-01-01 to 2025-03-31	-63,634	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-31,452	USD	90
2025-01-01 to 2025-03-31	-69,633	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	398,461	USD	90
2025-01-01 to 2025-03-31	392,047	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	30,958	USD	90
2025-01-01 to 2025-03-31	14,230	USD	90

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	252,000	USD	90
2025-01-01 to 2025-03-31	254,000	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-657,382	USD	90
2025-01-01 to 2025-03-31	43,997	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	-343,619	USD	90
2025-01-01 to 2025-03-31	1,008,572	USD	90

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.

Period	Value	Unit	Days
2026-01-01 to 2026-03-31	1,402,459	USD	90
2025-01-01 to 2025-03-31	1,280,776	USD	90

Inspect the source

Entity: SolarMax Technology, Inc. / CIK 0001519472
Captured: 2026-09-20 09:14 UTC
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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

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"])))