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Balance Sheets Overview

Current Ratio
82.08%
Quick Ratio
80.33%
Cash Ratio
4.39%
Debt to Asset Ratio
110.74%
Unit: Dollar
Assets Breakdown
    • Contract assets, net
    • Accounts receivable, net
    • Operating lease right-of-use ass...
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Accounts payable
    • Others
Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Cash and cash equivalents
4,307,362
7,966,797
5,720,283
1,915,639
Accounts receivable, net
12,283,110
12,939,589
13,386,886
3,454,987
Held to maturity debt investments
0
522,599
5,713,430
6,203,230
Contract assets, net
53,790,128
46,107,784
10,273,438
512,543
Receivable from spic, net
1,020,600
1,007,229
965,141
2,806,316
Customer loans receivable, current, net
835,994
874,617
900,366
1,146,050
Inventories, net
1,717,939
2,061,558
1,611,965
1,586,494
Deferred project costs
3,460,086
2,168,725
2,294,809
2,129,897
Other receivables and current assets, net
3,041,054
1,700,215
1,192,535
1,786,842
Total current assets
80,456,273
75,349,113
42,058,853
21,541,998
Property and equipment, net
125,842
138,890
151,928
164,980
Operating lease right-of-use assets
11,800,881
1,638,649
2,032,558
2,420,513
Investments in unconsolidated solar project companies
-
-
10,574,146
10,334,876
Investments in unconsolidated companies
10,616,588
10,714,811
-
-
Customer loans receivable, noncurrent, net
2,033,274
2,256,366
2,536,803
2,585,464
Restricted cash, noncurrent
280,524
280,016
279,456
278,567
Other assets
880,524
909,209
1,029,256
917,591
Total assets
106,193,906
91,287,054
58,663,000
38,243,989
Accounts payable
60,968,271
59,565,812
26,066,714
3,909,408
Operating lease liabilities, current
1,023,325
1,712,329
1,682,628
1,644,889
Unsecured loans, current
-
0
0
2,000,000
Secured loans from related parties, current
4,000,000
5,500,000
5,500,000
7,358,658
Secured convertible notes, current
14,050,000
14,650,000
10,970,000
11,536,667
Accrued expenses and other payables
17,976,544
14,282,578
13,281,548
13,348,730
Total current liabilities
98,018,140
95,710,719
57,500,890
39,798,352
Operating lease liabilities, noncurrent
10,874,080
0
437,737
868,974
Secured loans from related parties, noncurrent, net of debt discount and issuance costs
5,000,000
5,000,000
5,000,000
5,000,000
Secured convertible notes, noncurrent, net of debt discount and issuance costs
1,321,979
339,882
4,704,197
4,569,924
Deferred tax liability
223,591
251,807
784,298
1,459,078
Other liabilities
2,164,092
2,194,744
2,015,448
1,654,261
Total liabilities
117,601,882
103,497,152
70,442,570
53,350,589
Common stock, par value 0.001 per share 297,225,000 shares authorized, 58,168,067 and 56,168,067 shares issued as of march 31, 2026 and december 31, 2025, respectively, and 56,906,572 and 54,906,572 shares outstanding as of march 31, 2026 and december 31, 2025, respectively
58,168
56,168
55,565
49,852
Additional paid-in capital
102,136,566
101,042,566
100,620,635
95,049,950
Treasury stock, at cost, 1,248,345 shares at june 30, 2025 and december 31, 2024
-
-
-
1,979,294
Treasury stock, at cost, 1,248,345 shares at september 30, 2025 and december 31, 2024
-
-
-1,979,294
-
Treasury stock, at cost,1,261,495 shares at march 31, 2026 and december 31, 2025
1,979,294
1,979,294
-
-
Accumulated deficit
-110,218,357
-109,911,673
-109,039,428
-106,781,324
Accumulated other comprehensive loss
-1,405,059
-1,417,865
-1,437,048
-1,445,784
Total stockholders' deficit
-11,407,976
-12,210,098
-11,779,570
-15,106,600
Total liabilities and stockholders' deficit
106,193,906
91,287,054
58,663,000
38,243,989
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Contract assets, net$53,790,128 Accounts receivable, net$12,283,110 Cash and cashequivalents$4,307,362 Deferred project costs$3,460,086 Other receivables andcurrent assets, net$3,041,054 Inventories, net$1,717,939 Receivable from spic, net$1,020,600 Customer loansreceivable, current, net$835,994 Total current assets$80,456,273 Operating leaseright-of-use assets$11,800,881 Investments inunconsolidated companies$10,616,588 Customer loansreceivable, noncurrent, net$2,033,274 Other assets$880,524 Restricted cash,noncurrent$280,524 Property and equipment,net$125,842 Total assets$106,193,906 Accumulated deficit-$110,218,357 Treasury stock, atcost,1,261,495 shares at march...$1,979,294 Accumulated othercomprehensive loss-$1,405,059 Total liabilities andstockholders' deficit$106,193,906 Total stockholders'deficit-$11,407,976 Additional paid-in capital$102,136,566 Common stock, par value0.001 per share...$58,168 Total liabilities$117,601,882 Total currentliabilities$98,018,140 Operating leaseliabilities, noncurrent$10,874,080 Secured loans fromrelated parties,...$5,000,000 Other liabilities$2,164,092 Secured convertiblenotes, noncurrent, net...$1,321,979 Deferred tax liability$223,591 Accounts payable$60,968,271 Accrued expenses andother payables$17,976,544 Secured convertiblenotes, current$14,050,000 Secured loans fromrelated parties,...$4,000,000 Operating leaseliabilities, current$1,023,325

SolarMax Technology, Inc. (SMXT)

SolarMax Technology, Inc. (SMXT)