SolarMax Technology, Inc. (SMXT)

SolarMax Technology Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.72	0.79	2.54	3.82	13.08	21.74
Short-Term Investments	1.12	6.28	-	-	-	0.5
Cash & Short-Term Investments	6.84	7.06	2.54	3.82	13.08	22.24
Cash Growth	-20.39%	178.18%	-33.56%	-70.78%	-41.17%	27.54%
Accounts Receivable	13.4	4.23	4.18	5.93	3.21	1.15
Other Receivables	12.14	4.66	6.49	11.96	18.77	30.4
Total Trade Receivables	25.54	8.9	10.67	17.89	21.98	31.55
Inventory	1.61	1.3	1.34	3.4	3.36	2.1
Other Current Assets	3.48	3.69	5.37	3.96	4.06	3.74
Total Current Assets	47.47	20.95	19.92	29.09	42.48	59.62
Net Property, Plant & Equipment	2.18	2.51	5.7	7.33	0.65	0.99
Goodwill	-	-	7.58	7.77	8.43	8.21
Long-Term Investments	10.11	10.02	9.7	9.05	9.3	8.64
Other Long-Term Assets	3.9	4.28	5.75	8.23	11.15	18.67
Total Assets	58.66	38.63	48.66	61.48	72.02	96.14
Accounts Payable	26.07	2.67	3.38	2.23	3.98	22.39
Accrued Expenses	13.34	12.47	16.48	19.89	22.83	15.54
Short-Term Debt	-	2	2	2.03	2.03	2.06
Current Portion of Long-Term Debt	16.47	13.13	20.04	16.8	18.4	27.1
Current Portion of Leases	1.68	1.57	1.5	1.52	-	-
Unearned Revenue	-	-	-	4.04	1.39	1.8
Other Current Liabilities	-	-	-	-	-	0.42
Total Current Liabilities	57.56	31.84	43.4	46.51	48.63	69.32
Long-Term Debt	9.78	13.3	14.27	22.15	28.1	28.31
Long-Term Leases	0.44	1.71	4.08	5.47	-	-
Other Long-Term Liabilities	2.5	3.73	2.79	3.55	3.74	3.94
Total Long-Term Liabilities	12.72	18.74	21.14	31.17	31.83	32.25
Total Liabilities	70.44	53.71	64.54	77.69	80.46	101.57
Common Stock	0.06	0.05	0.04	0.04	0.04	0.04
Treasury Stock	-1.98	-1.98	-1.81	-1.81	-1.81	-1.81
Additional Paid-in Capital	100.62	91.89	55.79	55.79	55.79	56.01
Accumulated Other Comprehensive Income	-1.44	-1.45	-1.28	-1.17	-0.28	-0.59
Retained Earnings	-109.04	-103.59	-68.62	-69.06	-62.19	-58.87
Total Common Shareholders' Equity	-11.78	-15.08	-15.89	-16.21	-8.45	-5.22
Minority Interest	-	-	-	-	-	-0.22
Shareholders' Equity	-11.78	-15.08	-15.89	-16.21	-8.45	-5.44
Total Liabilities & Equity	58.66	38.63	48.66	61.48	72.02	96.14
Total Debt	28.37	31.71	41.88	47.98	48.53	57.47
Net Cash (Debt)	-21.53	-24.65	-39.35	-44.16	-35.45	-35.24
Net Cash Per Share	-0.45	-0.56	-0.98	-1.11	-0.89	-0.88
Book Value	-11.78	-15.08	-15.89	-16.21	-8.45	-5.22
Book Value Per Share	-0.25	-0.34	-0.40	-0.41	-0.21	-0.13
Tangible Book Value	-11.78	-15.08	-23.47	-23.98	-16.88	-13.43
Tangible Book Value Per Share	-0.25	-0.34	-0.59	-0.60	-0.42	-0.33

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q