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Income Statement
SolarMax Technology, Inc. (SMXT)
source: myfinsight.com
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Power purchaseagreement revenues$3,958 Sales onnon-installment basis$5,453,069 Third-party leasingarrangements$418,621 Operating lease revenues$15,273 Net income (loss)-$1,898,777 (12.27%↑ Y/Y)Income tax provision(benefit)-$106,217 (7.54%↑ Y/Y)Led projects$911,092 Total solar energy andbattery storage systems$5,890,921 Financing related$80,991 Income (loss) beforeincome taxes-$2,004,994 (12.03%↑ Y/Y)Revenues$6,883,004 (54.52%↑ Y/Y)Total other income(expense)-$236,300 (-296.16%↓ Y/Y)Operating income (loss)-$1,768,694 (26.29%↑ Y/Y)Equity in income (loss)of solar project...$144,006 (-39.70%↓ Y/Y)Gross profit$604,561 (2.80%↑ Y/Y)Interest income$226,664 (60.40%↑ Y/Y)Other income(expense), net$69,620 (171.72%↑ Y/Y)Cost of revenues(includes stock-based...$6,278,443 (62.39%↑ Y/Y)Gain (loss) on debtextinguishment-$313,953 (-241.25%↓ Y/Y)Total operatingexpense$2,373,255 (-20.56%↓ Y/Y)Interest expense$362,637 General andadministrative (includes...$2,302,564 (-20.62%↓ Y/Y)Selling and marketing$70,691 (-18.66%↓ Y/Y)