For the year ending 2025-12-31, SMXT has $91,287,054 in assets. $103,497,152 in debts. $7,966,797 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 7,966,797 | |||
| Accounts receivable, net | 12,939,589 | |||
| Receivable from spic, net | 1,007,229 | |||
| Held to maturity debt investments | 522,599 | |||
| Contract assets, net | 46,107,784 | |||
| Customer loans receivable, current, net | 874,617 | |||
| Inventories, net | 2,061,558 | |||
| Deferred project costs | 2,168,725 | |||
| Other receivables and current assets, net | 1,700,215 | |||
| Total current assets | 75,349,113 | |||
| Property and equipment, net | 138,890 | |||
| Operating lease right-of-use assets | 1,638,649 | |||
| Investments in unconsolidated companies | 10,714,811 | |||
| Customer loans receivable, noncurrent, net | 2,256,366 | |||
| Restricted cash, noncurrent | 280,016 | |||
| Other assets | 909,209 | |||
| Total assets | 91,287,054 | |||
| Accounts payable | 59,565,812 | |||
| Operating lease liabilities, current | 1,712,329 | |||
| Unsecured loans, current | 0 | |||
| Secured loans from related parties, current | 5,500,000 | |||
| Secured convertible notes, current | 14,650,000 | |||
| Accrued expenses and other payables | 14,282,578 | |||
| Total current liabilities | 95,710,719 | |||
| Operating lease liabilities, noncurrent | 0 | |||
| Secured loans from related parties, noncurrent, net of debt discount and issuance costs | 5,000,000 | |||
| Secured convertible notes, noncurrent, net of debt discount and issuance costs | 339,882 | |||
| Deferred tax liability | 251,807 | |||
| Other liabilities | 2,194,744 | |||
| Total liabilities | 103,497,152 | |||
| Common stock, par value 0.001 per share 297,225,000 shares authorized, 56,168,067 and 46,532,355 shares issued as of december 31, 2025 and 2024, respectively, and 54,906,572 and 45,270,860 shares outstanding as of december 31, 2025 and 2024, respectively | 56,168 | |||
| Additional paid-in capital | 101,042,566 | |||
| Treasury stock, at cost, 1,261,495 and 1,261,495 shares at december 31, 2025 and 2024, respectively | 1,979,294 | |||
| Accumulated deficit | -109,911,673 | |||
| Accumulated other comprehensive loss | -1,417,865 | |||
| Total stockholders' deficit | -12,210,098 | |||
| Total liabilities and stockholders' deficit | 91,287,054 | |||
SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc. (SMXT)