Solarmax Technology Inc. (SMXT)
Nasdaq: SMXT · Construction - Special Trade Contractors · Riverside, CA · filing with the SEC since 2011
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Report filed | Apr 6, 2026 | Mar 31, 2025 | Apr 16, 2024 | · |
| Revenue | 90,982,535 | 22,986,881 | 54,139,330 | 44,718,030 |
| For lenders | ||||
| Provision for credit losses | 659,276 | 659,316 | · | · |
| For insurers | ||||
| Net investment income | 253,524 | 634,802 | 864,481 | 493,648 |
| Cost of revenue | 86,752,407 | 20,672,306 | 42,990,393 | 37,236,493 |
| Gross profit | 4,230,128 | 2,314,575 | 11,148,937 | 7,481,537 |
| Sales and marketing | 366,705 | 517,058 | 1,157,793 | 1,081,264 |
| General and administrative | 10,159,696 | 27,439,177 | 9,507,293 | 14,370,085 |
| Total operating expenses | 10,526,401 | 35,418,123 | 10,665,086 | 15,451,349 |
| Operating income | -6,296,273 | -33,103,548 | 483,851 | -7,969,812 |
| Interest expense | 1,366,205 | 1,565,732 | · | · |
| Interest and investment income | 539,439 | 500,540 | 68,853 | 61,617 |
| Share of profit of equity-method investments | 253,524 | 634,802 | · | · |
| Other income (expense), net | 385,791 | -144,504 | 499,472 | -616,117 |
| Total non-operating income (expense) | -1,163,670 | -194,958 | -113,259 | 1,137,966 |
| Income before income taxes | -7,459,943 | -33,298,506 | 370,592 | -6,831,846 |
| Income tax expense | -1,134,575 | 1,663,830 | -64,194 | 41,432 |
| Net income including non-controlling interests | -6,325,368 | -34,962,336 | 434,786 | -6,873,278 |
| Net income | -6,325,368 | -34,962,336 | 434,786 | -6,873,278 |
| Earnings per share, basic | -0.13 | -0.79 | 0.01 | -0.17 |
| Earnings per share, diluted | -0.13 | -0.79 | 0.01 | -0.17 |
| Weighted average shares, basic | · | 44,342,876 | 39,735,536 | 39,735,536 |
| Weighted average shares, diluted | 49,976,772 | 44,342,876 | 40,025,153 | 39,735,536 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesProvision for credit losses set aside for loans that may not be repaid
us-gaap:ProvisionForLoanLeaseAndOtherLossesNet investment income what its investments earned
us-gaap:NetInvestmentIncomeCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseInterest and investment income what its cash and investments earned
us-gaap:InterestIncomeOtherShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding