SolarMax Technology, Inc. (SMXT)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenues | 6,883,004 | 6,927,469 | 6,331,606 | 4,454,301 |
| Cost of revenues (includes stock-based compensation expense of 0 and 1,264,690 for the six months ended june 30, 2025 and 2024, respectively) | 6,278,443 | 5,508,398 | 5,074,267 | 3,866,218 |
| Gross profit | 604,561 | 1,419,071 | 1,257,339 | 588,083 |
| Goodwill impairment | - | - | 7,463,775 | - |
| Selling and marketing | 70,691 | 79,012 | 140,017 | 86,907 |
| General and administrative (includes stock-based compensation expense of 0 and 15,945,597 for the six months ended june 30, 2025 and 2024, respectively) | 2,302,564 | 2,495,563 | 3,680,853 | 2,900,745 |
| Total operating expense | 2,373,255 | 2,574,575 | 11,284,645 | 2,987,652 |
| Operating income (loss) | -1,768,694 | -1,155,504 | -10,027,306 | -2,399,569 |
| Interest expense, other | - | - | 399,461 | 384,866 |
| Other income (expense), net | 69,620 | 59,086 | 387,235 | -97,069 |
| Interest income | 226,664 | 120,205 | 206,342 | 141,311 |
| Interest expense | 362,637 | 369,403 | - | - |
| Gain (loss) on debt extinguishment | -313,953 | - | 13,410 | 222,266 |
| Gain (loss) on early termination of lease | - | - | - | - |
| Equity in income (loss) of solar project companies | 144,006 | -14,260 | 253,861 | 238,819 |
| Total other income (expense) | -236,300 | -204,372 | 461,387 | 120,461 |
| Income (loss) before income taxes | -2,004,994 | -1,359,876 | -9,565,919 | -2,279,108 |
| Income tax provision (benefit) | -106,217 | -63,634 | 56,811 | -114,884 |
| Net income (loss) | -1,898,777 | -1,296,242 | -9,622,730 | -2,164,224 |
| Basic & diluted eps | - | - | - | -0.05 |
| Basic & diluted average shares | - | - | - | 41,477,573 |
| Basic | 45,824,048 | 44,417,782 | 45,160,314 | - |
| Diluted | 45,824,048 | 44,417,782 | 45,160,314 | - |
| Net income (loss) per share basic | -0.04 | -0.03 | -0.21 | - |
| Net income (loss) per share diluted | -0.04 | -0.03 | -0.21 | - |