SolarMax Technology, Inc. (SMXT)

SolarMax Technology Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2018
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2018
Cash & Equivalents	0.87	2.54	3.82	9.89	17.01	9.59
Cash & Short-Term Investments	8.58	2.54	3.82	9.89	17.01	9.59
Cash Growth	160.86%	-33.56%	-61.34%	-41.88%	77.31%	-51.95%
Accounts Receivable	6.91	7.37	14.51	16.27	23.69	43.66
Other Receivables	3.8	4.91	4.3	5.7	9.63	4.72
Receivables	10.71	12.28	18.81	24	33.71	48.38
Inventory	2.38	2.64	3.4	3.36	2.1	4.03
Prepaid Expenses	0.81	0.85	1.38	0.8	0.87	0.76
Restricted Cash	0	-	-	3.2	4.73	7.84
Other Current Assets	1.68	1.6	1.67	1.24	1.21	-
Total Current Assets	24.17	19.92	29.09	42.48	59.62	70.6
Property, Plant & Equipment	3.77	5.7	7.33	0.65	0.99	1.72
Long-Term Investments	10.34	9.7	9.05	9.3	8.64	0.53
Goodwill	-	7.58	7.77	8.43	8.21	7.8
Long-Term Accounts Receivable	3.49	4.32	6.84	10.66	18.33	28.96
Long-Term Deferred Tax Assets	0.07	0.19	0.11	0.02	-	0.03
Long-Term Deferred Charges	-	-	-	-	-	0.98
Other Long-Term Assets	1.2	1.24	1.28	0.48	0.34	0.41
Total Assets	43.05	48.66	61.48	72.02	96.14	111.02
Accounts Payable	2.75	-	-	-	-	-
Accrued Expenses	6.01	10.55	7.23	8.48	8.68	8.29
Short-Term Debt	2	5.38	4.23	5.98	24.39	37.58
Current Portion of Long-Term Debt	17.94	20.04	16.83	18.43	27.16	12.06
Current Portion of Leases	1.54	1.5	1.52	-	-	-
Current Income Taxes Payable	0.04	0.14	0.17	0.17	0.4	0
Current Unearned Revenue	-	-	4.04	1.39	1.8	-
Other Current Liabilities	7.44	5.8	12.48	14.17	6.46	4.59
Total Current Liabilities	37.72	43.4	46.51	48.63	69.32	62.53
Long-Term Debt	11.78	14.27	22.15	28.1	28.31	43.74
Long-Term Leases	2.12	4.08	5.47	-	-	-
Long-Term Unearned Revenue	-	-	-	-	0.49	0.58
Other Long-Term Liabilities	2.36	2.79	3.55	3.74	3.45	2.59
Total Liabilities	53.98	64.54	77.69	80.46	101.57	109.44
Common Stock	0.05	0.04	0.04	0.04	0.07	0.07
Additional Paid-In Capital	91.89	55.79	55.79	55.79	55.98	55.01
Retained Earnings	-99.68	-68.62	-69.06	-62.19	-58.87	-50.34
Treasury Stock	-1.81	-1.81	-1.81	-1.81	-1.81	-1.8
Comprehensive Income & Other	-1.38	-1.28	-1.17	-0.28	-0.59	-1.21
Total Common Equity	-10.94	-15.89	-16.21	-8.45	-5.22	1.73
Minority Interest	-	-	-	-	-0.22	-0.14
Shareholders' Equity	-10.94	-15.89	-16.21	-8.45	-5.44	1.58
Total Liabilities & Equity	43.05	48.66	61.48	72.02	96.14	111.02
Total Debt	35.38	45.27	50.21	52.51	79.86	93.39
Net Cash (Debt)	-26.79	-42.73	-46.39	-42.63	-62.85	-83.79
Net Cash Per Share	-0.63	-1.07	-1.17	-1.07	-1.56	-2.13
Filing Date Shares Outstanding	45.28	45.25	39.74	40.01	40.01	40.27
Total Common Shares Outstanding	45.28	39.74	39.74	39.74	40.01	39.87
Working Capital	-13.55	-23.48	-17.43	-6.15	-9.7	8.07
Book Value Per Share	-0.24	-0.40	-0.41	-0.21	-0.13	0.04
Tangible Book Value	-10.94	-23.47	-23.98	-16.88	-13.43	-6.07
Tangible Book Value Per Share	-0.24	-0.59	-0.60	-0.42	-0.34	-0.15
Machinery	2.11	2.37	2.46	2.52	2.52	3.56
Leasehold Improvements	2.29	2.34	2.35	2.37	2.36	1.26

Source: S&P Capital IQ. Standard template. Financial Sources.