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smxt: the income statement
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Solar power purchase
agreement revenues
$5,245
Solar lease revenues
$15,072
Third-party leasing
arrangements
$2,373,174
(47.42%↑ Y/Y)
Sales on
non-installment basis
$26,587,233
(660.96%↑ Y/Y)
Net income (loss)
-$2,258,104
(76.53%↑ Y/Y)
Income tax provision
(benefit)
-$515,511
(-1007.41%↓ Y/Y)
Financing revenue
$69,850
Led projects
$1,552,014
(39.77%↑ Y/Y)
Total solar energy and
battery storage systems
$28,980,724
(464.71%↑ Y/Y)
Income (loss) before
income taxes
-$2,773,615
(71.01%↑ Y/Y)
Revenues
$30,602,588
(383.33%↑ Y/Y)
Total other income
(expense)
-$665,383
(-244.21%↓ Y/Y)
Operating income (loss)
-$2,108,232
(78.98%↑ Y/Y)
Other income
(expense), net
$63,363
(-83.64%↓ Y/Y)
Equity in income (loss)
of solar project...
$169,303
(-33.31%↓ Y/Y)
Interest income
$120,067
(-41.81%↓ Y/Y)
Gross profit
$956,208
(-23.95%↓ Y/Y)
Cost of revenues
(includes stock-based...
$29,646,380
(484.25%↑ Y/Y)
Gain (loss) on debt
extinguishment
-$662,266
(-5038.60%↓ Y/Y)
Interest expense
$355,850
Total operating
expense
$3,064,440
(-72.84%↓ Y/Y)
Selling and marketing
$146,157
(4.39%↑ Y/Y)
General and
administrative (includes...
$2,918,283
(-20.72%↓ Y/Y)
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Income Statement
source: myfinsight.com
SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc. (SMXT)