SolarMax Technology, Inc. (SMXT)

SolarMax Technology Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	7.97	0.79	2.54	3.82	13.08
Short-Term Investments	0.52	6.34	-	-	-
Cash & Short-Term Investments	8.49	7.12	2.54	3.82	13.08
Cash Growth	19.17%	180.54%	-33.56%	-70.78%	-41.17%
Accounts Receivable	12.94	4.23	4.18	5.93	3.21
Other Receivables	47.99	4.72	6.49	11.96	18.77
Total Trade Receivables	60.93	8.96	10.67	17.89	21.98
Inventory	2.06	1.3	1.34	3.4	3.36
Other Current Assets	3.87	3.57	5.37	3.96	4.06
Total Current Assets	75.35	20.95	19.92	29.09	42.48
Net Property, Plant & Equipment	1.78	3.38	5.7	7.33	0.65
Goodwill	-	-	7.58	7.77	8.43
Long-Term Investments	10.71	10.02	9.7	9.05	9.3
Other Long-Term Assets	3.45	4.28	5.75	8.23	11.15
Total Assets	91.29	38.63	48.66	61.48	72.02
Accounts Payable	59.57	2.67	3.38	2.23	3.98
Accrued Expenses	14.28	12.47	16.48	19.89	22.83
Short-Term Debt	-	2.9	2	2.03	2.03
Current Portion of Long-Term Debt	20.15	15.13	20.04	16.8	18.4
Current Portion of Leases	1.71	1.57	1.5	1.52	-
Unearned Revenue	-	-	-	4.04	1.39
Total Current Liabilities	95.71	34.74	43.4	46.51	48.63
Long-Term Debt	5.34	13.53	14.27	22.15	28.1
Long-Term Leases	-	1.71	4.08	5.47	-
Other Long-Term Liabilities	2.45	3.73	2.79	3.55	3.74
Total Long-Term Liabilities	7.79	18.97	21.14	31.17	31.83
Total Liabilities	103.5	53.71	64.54	77.69	80.46
Common Stock	0.06	0.05	0.04	0.04	0.04
Treasury Stock	-1.98	-1.98	-1.81	-1.81	-1.81
Additional Paid-in Capital	101.04	91.89	55.79	55.79	55.79
Accumulated Other Comprehensive Income	-1.42	-1.45	-1.28	-1.17	-0.28
Retained Earnings	-109.91	-103.59	-68.62	-69.06	-62.19
Total Common Shareholders' Equity	-12.21	-15.08	-15.89	-16.21	-8.45
Shareholders' Equity	-12.21	-15.08	-15.89	-16.21	-8.45
Total Liabilities & Equity	91.29	38.63	48.66	61.48	72.02
Total Debt	27.2	34.84	41.88	47.98	48.53
Net Cash (Debt)	-18.71	-27.72	-39.35	-44.16	-35.45
Net Cash Per Share	-0.37	-0.63	-0.98	-1.11	-0.89
Book Value	-12.21	-15.08	-15.89	-16.21	-8.45
Book Value Per Share	-0.24	-0.34	-0.40	-0.41	-0.21
Tangible Book Value	-12.21	-15.08	-23.47	-23.98	-16.88
Tangible Book Value Per Share	-0.24	-0.34	-0.59	-0.60	-0.42

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q