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Income Statement
SolarMax Technology, Inc. (SMXT)
source: myfinsight.com
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Power purchase
agreement revenues
$3,958
Sales on
non-installment basis
$5,453,069
Third-party leasing
arrangements
$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 and
battery storage systems
$5,890,921
Financing related
$80,991
Income (loss) before
income 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 debt
extinguishment
-$313,953
(-241.25%↓ Y/Y)
Total operating
expense
$2,373,255
(-20.56%↓ Y/Y)
Interest expense
$362,637
General and
administrative (includes...
$2,302,564
(-20.62%↓ Y/Y)
Selling and marketing
$70,691
(-18.66%↓ Y/Y)
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