For the quarter ending 2026-03-31, SMXT has $106,193,906 in assets. $117,601,882 in debts. $4,307,362 in cash and cash equivalents.
| 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 |
SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc. (SMXT)