2024 Q4 Form 10-Q Financial Statement
#000164033424001737 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $6.332M | $14.27M | |
YoY Change | -55.64% | 25.77% | |
Cost Of Revenue | $5.074M | $9.766M | |
YoY Change | -48.04% | 1.92% | |
Gross Profit | $1.257M | $4.508M | |
YoY Change | -72.11% | 155.16% | |
Gross Profit Margin | 19.86% | 31.58% | |
Selling, General & Admin | $3.821M | $3.856M | |
YoY Change | -0.91% | 22.57% | |
% of Gross Profit | 303.89% | 85.54% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $16.00K | $44.00K | |
YoY Change | -63.64% | ||
% of Gross Profit | 1.27% | 0.98% | |
Operating Expenses | $11.28M | $3.856M | |
YoY Change | 192.66% | 22.57% | |
Operating Profit | -$10.03M | $651.7K | |
YoY Change | -1638.76% | -147.24% | |
Interest Expense | $233.7K | $183.6K | |
YoY Change | 27.31% | -130.12% | |
% of Operating Profit | 28.17% | ||
Other Income/Expense, Net | $461.4K | $489.2K | |
YoY Change | -5.69% | 8.69% | |
Pretax Income | -$9.566M | $1.324M | |
YoY Change | -822.25% | -186.07% | |
Income Tax | $56.81K | -$140.9K | |
% Of Pretax Income | -10.64% | ||
Net Earnings | -$9.623M | $1.465M | |
YoY Change | -756.68% | -178.92% | |
Net Earnings / Revenue | -151.98% | 10.27% | |
Basic Earnings Per Share | -$0.21 | $0.04 | |
Diluted Earnings Per Share | -$0.21 | $0.03 | |
COMMON SHARES | |||
Basic Shares Outstanding | 45.28M shares | 45.02M shares | 39.74M shares |
Diluted Shares Outstanding | 45.16M shares | 40.03M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.584M | $3.291M | |
YoY Change | 160.86% | -31.08% | |
Cash & Equivalents | $871.4K | $3.291M | |
Short-Term Investments | $7.713M | ||
Other Short-Term Assets | $3.358M | $7.279M | |
YoY Change | -53.87% | 152.16% | |
Inventory | $1.515M | $1.637M | |
Prepaid Expenses | |||
Receivables | $4.591M | $15.23M | |
Other Receivables | $3.834M | $2.838M | |
Total Short-Term Assets | $24.17M | $30.27M | |
YoY Change | -20.16% | -1.31% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $220.1K | $6.103M | |
YoY Change | -96.39% | 24.44% | |
Goodwill | $0.00 | ||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $10.34M | $9.417M | |
YoY Change | 9.83% | 6.02% | |
Other Assets | $924.4K | $1.276M | |
YoY Change | -27.55% | 117.07% | |
Total Long-Term Assets | $18.88M | $29.06M | |
YoY Change | -35.04% | -2.07% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $24.17M | $30.27M | |
Total Long-Term Assets | $18.88M | $29.06M | |
Total Assets | $43.05M | $59.33M | |
YoY Change | -27.45% | -1.68% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.745M | $4.190M | |
YoY Change | -34.48% | 11.56% | |
Accrued Expenses | $9.606M | $12.61M | |
YoY Change | -23.84% | 20.43% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $19.94M | $19.70M | |
YoY Change | 1.23% | -11.85% | |
Total Short-Term Liabilities | $37.72M | $51.17M | |
YoY Change | -26.29% | 1.66% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $11.78M | $17.29M | |
YoY Change | -31.83% | -12.86% | |
Other Long-Term Liabilities | $2.358M | $7.176M | |
YoY Change | -67.14% | 0.02% | |
Total Long-Term Liabilities | $2.358M | $24.46M | |
YoY Change | -90.36% | -9.44% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $37.72M | $51.17M | |
Total Long-Term Liabilities | $2.358M | $24.46M | |
Total Liabilities | $53.98M | $75.63M | |
YoY Change | -28.62% | -2.57% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$99.68M | ||
YoY Change | |||
Common Stock | $46.53K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$10.94M | -$16.30M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $43.05M | $59.33M | |
YoY Change | -27.45% | -1.68% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.623M | $1.465M | |
YoY Change | -756.68% | -178.92% | |
Depreciation, Depletion And Amortization | $16.00K | $44.00K | |
YoY Change | -63.64% | ||
Cash From Operating Activities | $203.6K | $856.5K | |
YoY Change | -76.23% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$18.16K | -$330.00 | |
YoY Change | 5403.03% | ||
Cash From Investing Activities | -$18.16K | -$330.00 | |
YoY Change | 5403.03% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -360.6K | -479.9K | |
YoY Change | -24.86% | ||
NET CHANGE | |||
Cash From Operating Activities | 203.6K | 856.5K | |
Cash From Investing Activities | -18.16K | -330.0 | |
Cash From Financing Activities | -360.6K | -479.9K | |
Net Change In Cash | -175.1K | 376.2K | |
YoY Change | -146.55% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $203.6K | $856.5K | |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | $203.6K | $856.5K | |
YoY Change | -76.23% |
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SolarMax Technology, Inc. | ||
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RestrictedCashCurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
4591478 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
4176322 | usd |
CY2024Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
7712877 | usd |
CY2023Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
0 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
458393 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
549118 | usd |
CY2024Q3 | solarmax |
Receivable From Spic And Project Companies Current
ReceivableFromSpicAndProjectCompaniesCurrent
|
3758622 | usd |
CY2023Q4 | solarmax |
Receivable From Spic And Project Companies Current
ReceivableFromSpicAndProjectCompaniesCurrent
|
3728865 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
1421867 | usd |
CY2023Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
2212574 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
1515391 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
1341397 | usd |
CY2024Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
3834271 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
5373997 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
24169234 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
19921585 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
220139 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
291416 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3549681 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
5411820 | usd |
CY2024Q3 | us-gaap |
Goodwill
Goodwill
|
0 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
7584779 | usd |
CY2024Q3 | us-gaap |
Investments
Investments
|
10341988 | usd |
CY2023Q4 | us-gaap |
Investments
Investments
|
9698308 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
3491600 | usd |
CY2023Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
4322942 | usd |
CY2024Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
73032 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
189226 | usd |
CY2024Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
275533 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
354504 | usd |
CY2024Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
924364 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
880621 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
43045571 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
48655201 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2745255 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3384195 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1535127 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1497555 | usd |
CY2024Q3 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
2900000 | usd |
CY2023Q4 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
2000000 | usd |
CY2024Q3 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
7858658 | usd |
CY2023Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
11358658 | usd |
CY2024Q3 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
9180000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
8680000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
13500981 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
16480896 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
37720021 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
43401304 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2120365 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4078569 | usd |
CY2024Q3 | solarmax |
Secured Long Term Debt Related Parties
SecuredLongTermDebtRelatedParties
|
5000000 | usd |
CY2023Q4 | solarmax |
Secured Long Term Debt Related Parties
SecuredLongTermDebtRelatedParties
|
7000000 | usd |
CY2024Q3 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
6784756 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
7269768 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2793388 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
64543029 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
297225000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
46532355 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40983881 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
45284010 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
39735536 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
40984 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
55786634 | usd |
CY2024Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
1248345 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
1808889 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-68623969 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1282588 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15887828 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
43045571 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
48655201 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
6331606 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
14273607 | usd |
us-gaap |
Revenues
Revenues
|
16549981 | usd | |
us-gaap |
Revenues
Revenues
|
41895547 | usd | |
CY2024Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
5074267 | usd |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
10225256 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
15168966 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
33694304 | usd | |
CY2024Q3 | us-gaap |
Gross Profit
GrossProfit
|
1257339 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
4048351 | usd |
us-gaap |
Gross Profit
GrossProfit
|
1381015 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
8201243 | usd | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3680853 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2828196 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
24832708 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6700705 | usd | |
CY2024Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
140017 | usd |
CY2023Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
299706 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
392146 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
963547 | usd | |
CY2024Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
7463775 | usd |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
7463775 | usd | |
CY2024Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
11284645 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
3127902 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
32688629 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
7664252 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10027306 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
920449 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-31307614 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
536991 | usd | |
CY2024Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
206342 | usd |
CY2023Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
18139 | usd |
us-gaap |
Interest Income Other
InterestIncomeOther
|
363445 | usd | |
CY2024Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
399461 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
1177442 | usd | |
CY2023Q3 | solarmax |
Equity In Income Of Solar Project Companies
EquityInIncomeOfSolarProjectCompanies
|
451552 | usd |
solarmax |
Equity In Income Of Solar Project Companies
EquityInIncomeOfSolarProjectCompanies
|
552843 | usd | |
solarmax |
Equity In Income Of Solar Project Companies
EquityInIncomeOfSolarProjectCompanies
|
886836 | usd | |
CY2024Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
13410 | usd |
CY2023Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
289318 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
13410 | usd | |
CY2024Q3 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
0 | usd |
CY2023Q3 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
0 | usd |
us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
77207 | usd | |
us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
4212 | usd | |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
387235 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
263418 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
81478 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
181530 | usd | |
CY2024Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
461387 | usd |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
404015 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
195601 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-38242 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9565919 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1324464 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-31112013 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
498749 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
56811 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-140899 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-53272 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
148866 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9622730 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1465363 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31058741 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
349883 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.71 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.21 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.71 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45160314 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39735536 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43878255 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39735536 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45160314 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40025153 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43878255 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40025153 | shares | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1465363 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31058741 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
349883 | usd | |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
173249 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-42530 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-99285 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-443679 | usd | |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9449481 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1422833 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-31158026 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-93796 | usd | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2814039 | usd |
CY2024Q3 | solarmax |
Stock Issued During Period Value Vesting Of Restricted Stock
StockIssuedDuringPeriodValueVestingOfRestrictedStock
|
0 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1325896 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9622730 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
173249 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10937624 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-17724178 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1465363 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-42530 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-16301345 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15887828 | usd |
solarmax |
Stock Issued During Period Value Vesting Of Restricted Stock
StockIssuedDuringPeriodValueVestingOfRestrictedStock
|
0 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
18536184 | usd | |
solarmax |
Shares Issued For Warrants Exercised Amount
SharesIssuedForWarrantsExercisedAmount
|
0 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | usd | |
solarmax |
Stock Issued During Period Value Initial Public Offering
StockIssuedDuringPeriodValueInitialPublicOffering
|
18577037 | usd | |
solarmax |
Public Offering Costs Previously Capitalized
PublicOfferingCostsPreviouslyCapitalized
|
-1004991 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31058741 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-99285 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10937624 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-16207549 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
349883 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-443679 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-16301345 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
31058741 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-349883 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
71289 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
143677 | usd | |
solarmax |
Amortization Of Loan Discounts On Customer Loan Receivables
AmortizationOfLoanDiscountsOnCustomerLoanReceivables
|
2314 | usd | |
solarmax |
Amortization Of Loan Discounts On Customer Loan Receivables
AmortizationOfLoanDiscountsOnCustomerLoanReceivables
|
48782 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
149540 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
135235 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1093898 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1069146 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
22750 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
70507 | usd | |
solarmax |
Provision For Excess And Obsolete Inventories
ProvisionForExcessAndObsoleteInventories
|
45717 | usd | |
solarmax |
Provision For Excess And Obsolete Inventories
ProvisionForExcessAndObsoleteInventories
|
132961 | usd | |
us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
204491 | usd | |
us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
309809 | usd | |
solarmax |
Equity In Income Of Investment In Excess Of Distribution Received
EquityInIncomeOfInvestmentInExcessOfDistributionReceived
|
552843 | usd | |
solarmax |
Equity In Income Of Investment In Excess Of Distribution Received
EquityInIncomeOfInvestmentInExcessOfDistributionReceived
|
886836 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
114909 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
216626 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
20972 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
21582 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
289318 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
13410 | usd | |
us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
77207 | usd | |
us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
4212 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18536184 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
7463775 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
431539 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-739707 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-90725 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
2046340 | usd | |
solarmax |
Increase Decrease In Receivables From Spic And Project Companies
IncreaseDecreaseInReceivablesFromSPICAndProjectCompanies
|
0 | usd | |
solarmax |
Increase Decrease In Receivables From Spic And Project Companies
IncreaseDecreaseInReceivablesFromSPICAndProjectCompanies
|
-374556 | usd | |
solarmax |
Increase Decrease In Customer Loans Receivable
IncreaseDecreaseInCustomerLoansReceivable
|
-1649457 | usd | |
solarmax |
Increase Decrease In Customer Loans Receivable
IncreaseDecreaseInCustomerLoansReceivable
|
-3051396 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
219711 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1635007 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-883756 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
3631530 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
43743 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-27452 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-638940 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1409828 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-1075184 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-1017919 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
2294866 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-3094748 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-3541135 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-639826 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1138104 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7818595 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-389194 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
7712877 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
27999 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
20972 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
21582 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7691905 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6417 | usd | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
276269 | usd | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
276269 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
18577037 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
900000 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
5345234 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
4100000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
27472 | usd | |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
0 | usd | |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
12315 | usd | |
us-gaap |
Payments For Previous Acquisition
PaymentsForPreviousAcquisition
|
0 | usd | |
us-gaap |
Payments For Previous Acquisition
PaymentsForPreviousAcquisition
|
2248027 | usd | |
us-gaap |
Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
|
0 | usd | |
us-gaap |
Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
|
6686040 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13855534 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
21957 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-86982 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
396373 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1741948 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22719 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2893816 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4168951 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1151868 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4191670 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1297143 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1022341 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
301166 | usd | |
solarmax |
Noncash Or Part Noncash Acquisition Convertible Notes Issued To Related Parties For Loans
NoncashOrPartNoncashAcquisitionConvertibleNotesIssuedToRelatedPartiesForLoans
|
5500000 | usd | |
solarmax |
Noncash Or Part Noncash Acquisition Convertible Notes Issued To Related Parties For Loans
NoncashOrPartNoncashAcquisitionConvertibleNotesIssuedToRelatedPartiesForLoans
|
500000 | usd | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2539312 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3821952 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
354504 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
346999 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
871415 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3290808 | usd |
CY2024Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
4920 | usd |
CY2023Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
548381 | usd |
CY2024Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
275533 | usd |
CY2023Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
352481 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net loss.</p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates reflected in the Company’s condensed consolidated financial statements include the cost-based inputs to estimate revenues on long-term construction contracts, the collectability of accounts receivable and loans receivable, the useful lives and impairment of property and equipment, goodwill, the fair value of stock options granted and stock-based compensation expense, the fair value of assets acquired and liabilities assumed in a business combination, warranty and customer care reserve, the valuation of deferred tax assets, inventories and provisions for income taxes. Actual results could differ materially from those estimates.</p> | ||
CY2024Q3 | solarmax |
Working Capital Deficit
WorkingCapitalDeficit
|
-13600000 | usd |
CY2024Q3 | solarmax |
Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
|
-99700000 | usd |
CY2024Q3 | solarmax |
Stockholder Deficiency
StockholderDeficiency
|
-10900000 | usd |
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
871000 | usd |
CY2024Q3 | us-gaap |
Debt Current
DebtCurrent
|
19900000 | usd |
CY2024Q3 | solarmax |
Long Term Loan Related Party
LongTermLoanRelatedParty
|
6500000 | usd |
CY2024Q3 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
250000 | usd |
solarmax |
Insurance Coverage
InsuranceCoverage
|
73000 | usd | |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P12M | ||
CY2024Q3 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
4920 | usd |
CY2023Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
275533 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
354504 | usd |
solarmax |
Schedule Of Estimated Useful Life Of Property And Equipment
ScheduleOfEstimatedUsefulLifeOfPropertyAndEquipment
|
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="width:60%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Automobiles</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">4-5 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Furniture and equipment</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">3-10 years</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Leasehold improvements</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">Shorter of the asset’s useful life or lease term</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Solar systems leased to customers</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">Lease term, 10-20 years</p></td></tr></tbody></table> | ||
solarmax |
Leasehold Improvements
LeaseholdImprovements
|
Shorter of the asset’s useful life or lease term | ||
solarmax |
Non Controlling Interest Percentage
NonControllingInterestPercentage
|
0.70 | pure | |
us-gaap |
Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Workmanship Warranty</span></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">For the sale of solar and battery systems in the U.S., the Company provides a workmanship warranty for 25 years to cover the quality of the Company’s installation. The warranty is designed to cover installation defects and damages to customer properties caused by the Company’s installation of the solar energy systems and battery storage systems which generally are uncovered within 2-3 years after the installation. The 25-year warranty is consistent with the term provided by competitors and is provided by the Company to remain market competitive. The workmanship warranty does not include the warranties on components, such as panels and inverters which are covered directly by the manufacturers and are, generally provided for 25 years on panels and inverters, and 10 years for energy storage systems. The Company determined that its 25-year workmanship warranty for solar energy systems constitutes an assurance-type warranty and should continue to be accounted for under ASC Topic 460, Guarantees, instead of a service-type warranty which would be accounted for under Topic 606 as a cost of revenues.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Quality Warranty for EPC Services</span></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">For the PRC segment, the Company provides construction quality warranty on Engineering, Procurement and Construction (“EPC”) services generally for one year after completion. The customer typically retains 3-5% of the contract price which will not be paid to the Company until the expiration of the warranty period which is accounted by the Company as retainage receivable. The Company currently provides a reserve for such potential liabilities based on a nominal percentage of project revenues for the PRC segment in the approximate amount of $250,000 and $249,000 as of September 30, 2024 and December 31, 2023, respectively, which is included in accrued expenses and other liabilities. To date the Company has not incurred significant claims on the quality warranty. The liability is reversed when the warranty period expires.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Production Guaranty</span></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">For solar systems sold in the U.S., the Company also warrants that modules installed in accordance with agreed-upon specifications will produce at least 98% of their labeled power output rating during the first year, with the warranty coverage reducing by 0.5% every year thereafter throughout the approximate 10-year production guaranty period. In resolving claims under the production guaranty, the Company typically makes cash payments to customers who claim for the production shortfall in power output on an annual basis. The Company currently provides a reserve for the production guaranty at 0.2% of the total solar revenue.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">LED Warranties</span></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">The Company’s warranty for LED products and services ranges from one year for labor and up to seven years for certain products sold to governmental municipalities. The Company currently provides a warranty reserve for LED sales based on 1.0% of LED revenue.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Other Warranties</span></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">In 2016, as a result of the bankruptcy of a Chinese panel supplier from whom the Company purchased solar modules, the Company reclassified the liability related to unpaid retentions to warranty liability in the amount of $651,000. As of September 30, 2024 and 2023 , the Company had not received any claims against the liability. Accordingly, the Company reversed the liability against cost of revenue during the third quarter of 2023. See Note 13 - Accrued Expenses and Other Payables.</p> | ||
solarmax |
Period Of Production Guaranty
PeriodOfProductionGuaranty
|
P10M | ||
CY2024Q3 | solarmax |
Reserve For Liabilities
ReserveForLiabilities
|
250000 | usd |
CY2023Q4 | solarmax |
Reserve For Liabilities
ReserveForLiabilities
|
249000 | usd |
solarmax |
Produce At Least Output Percentage
ProduceAtLeastOutputPercentage
|
0.98 | pure | |
solarmax |
Percentage Of Warrant Coverage
PercentageOfWarrantCoverage
|
0.005 | pure | |
solarmax |
Production Guaranty Description
ProductionGuarantyDescription
|
The Company currently provides a reserve for the production guaranty at 0.2% of the total solar revenue | ||
solarmax |
Revenue Percentage
RevenuePercentage
|
0.010 | pure | |
CY2024Q3 | solarmax |
Warranty Liabilities
WarrantyLiabilities
|
651000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
275533 | usd |
CY2024Q3 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
4913467 | usd |
CY2024Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
7712877 | usd |
CY2024Q3 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
2900000 | usd |
CY2024Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
11500000 | usd |
CY2024Q3 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
15964756 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
358290 | usd |
CY2023Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
6535516 | usd |
CY2023Q4 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
2000000 | usd |
CY2023Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
17000000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
15949768 | usd |
us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.030 | pure | |
us-gaap |
Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
|
0.040 | pure | |
solarmax |
Revenue From Epc Services Description
RevenueFromEPCServicesDescription
|
the customer generally has 30 days to make the payment on the amount billed less a retainage provision which is approximately 3-5%, depending on the contract. The retainage amount is withheld by the customer and is paid at the conclusion of the 12-month warranty period | ||
solarmax |
Solar Energy And Battery Storage Systems And Components Sales Description
SolarEnergyAndBatteryStorageSystemsAndComponentsSalesDescription
|
payments at delivery of materials and installation ranging from 70% to 85% of the contract price | ||
CY2024Q3 | solarmax |
Revenues From Sales On Non Installment Basis
RevenuesFromSalesOnNonInstallmentBasis
|
3493895 | usd |
CY2023Q3 | solarmax |
Revenues From Sales On Non Installment Basis
RevenuesFromSalesOnNonInstallmentBasis
|
13288606 | usd |
solarmax |
Revenues From Sales On Non Installment Basis
RevenuesFromSalesOnNonInstallmentBasis
|
10545625 | usd | |
solarmax |
Revenues From Sales On Non Installment Basis
RevenuesFromSalesOnNonInstallmentBasis
|
39262010 | usd | |
CY2024Q3 | solarmax |
Revenues From Third Party Leasing Arrangements
RevenuesFromThirdPartyLeasingArrangements
|
1609835 | usd |
CY2023Q3 | solarmax |
Revenues From Third Party Leasing Arrangements
RevenuesFromThirdPartyLeasingArrangements
|
0 | usd |
solarmax |
Revenues From Third Party Leasing Arrangements
RevenuesFromThirdPartyLeasingArrangements
|
2284840 | usd | |
solarmax |
Revenues From Third Party Leasing Arrangements
RevenuesFromThirdPartyLeasingArrangements
|
0 | usd | |
CY2024Q3 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
17770 | usd |
CY2023Q3 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
19719 | usd |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
55410 | usd | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
62054 | usd | |
CY2024Q3 | solarmax |
Revenues From Power Purchase Agreement Revenues
RevenuesFromPowerPurchaseAgreementRevenues
|
10470 | usd |
CY2023Q3 | solarmax |
Revenues From Power Purchase Agreement Revenues
RevenuesFromPowerPurchaseAgreementRevenues
|
17112 | usd |
solarmax |
Revenues From Power Purchase Agreement Revenues
RevenuesFromPowerPurchaseAgreementRevenues
|
21529 | usd | |
solarmax |
Revenues From Power Purchase Agreement Revenues
RevenuesFromPowerPurchaseAgreementRevenues
|
30332 | usd | |
CY2024Q3 | solarmax |
Revenues From Total Solar Energy And Battery Storage Systems
RevenuesFromTotalSolarEnergyAndBatteryStorageSystems
|
5131970 | usd |
CY2023Q3 | solarmax |
Revenues From Total Solar Energy And Battery Storage Systems
RevenuesFromTotalSolarEnergyAndBatteryStorageSystems
|
13325437 | usd |
solarmax |
Revenues From Total Solar Energy And Battery Storage Systems
RevenuesFromTotalSolarEnergyAndBatteryStorageSystems
|
12907404 | usd | |
solarmax |
Revenues From Total Solar Energy And Battery Storage Systems
RevenuesFromTotalSolarEnergyAndBatteryStorageSystems
|
39354396 | usd | |
CY2024Q3 | solarmax |
Revenues From Led Projects
RevenuesFromLedProjects
|
1110374 | usd |
CY2023Q3 | solarmax |
Revenues From Led Projects
RevenuesFromLedProjects
|
823146 | usd |
solarmax |
Revenues From Led Projects
RevenuesFromLedProjects
|
3358711 | usd | |
solarmax |
Revenues From Led Projects
RevenuesFromLedProjects
|
2124707 | usd | |
CY2024Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
89262 | usd |
CY2023Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
125024 | usd |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
283866 | usd | |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
416444 | usd | |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
6331606 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
14273607 | usd |
us-gaap |
Revenues
Revenues
|
16549981 | usd | |
us-gaap |
Revenues
Revenues
|
41895547 | usd | |
CY2024Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
140000 | usd |
CY2023Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
300000 | usd |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
392000 | usd | |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
964000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
99000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
444000 | usd | |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1151868 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
2893816 | usd |
CY2024Q3 | solarmax |
Lesscash And Cash Equivalents
LesscashAndCashEquivalents
|
871415 | usd |
CY2023Q4 | solarmax |
Lesscash And Cash Equivalents
LesscashAndCashEquivalents
|
2539312 | usd |
CY2024Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
280453 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
354504 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
|
4598 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
|
1185046 | usd |
us-gaap |
Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
|
47844 | usd | |
us-gaap |
Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
|
116140 | usd | |
us-gaap |
Proceeds Accounts Receivable Previously Written Off Recovery
ProceedsAccountsReceivablePreviouslyWrittenOffRecovery
|
0 | usd | |
us-gaap |
Proceeds Accounts Receivable Previously Written Off Recovery
ProceedsAccountsReceivablePreviouslyWrittenOffRecovery
|
1266474 | usd | |
solarmax |
Effect Of Exchange Rate On Cash Accounts Receivable
EffectOfExchangeRateOnCashAccountsReceivable
|
0 | usd | |
solarmax |
Effect Of Exchange Rate On Cash Accounts Receivable
EffectOfExchangeRateOnCashAccountsReceivable
|
-21463 | usd | |
CY2024Q3 | us-gaap |
Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
|
52442 | usd |
CY2023Q3 | us-gaap |
Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
|
13249 | usd |
CY2024Q3 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
5178289 | usd |
CY2023Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
6794656 | usd |
CY2024Q3 | us-gaap |
Unamortized Discounts On Acceptances Resold
UnamortizedDiscountsOnAcceptancesResold
|
18 | usd |
CY2023Q4 | us-gaap |
Unamortized Discounts On Acceptances Resold
UnamortizedDiscountsOnAcceptancesResold
|
2332 | usd |
CY2024Q3 | us-gaap |
Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
|
264804 | usd |
CY2023Q4 | us-gaap |
Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
|
256808 | usd |
CY2024Q3 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
4913467 | usd |
CY2023Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
6535516 | usd |
CY2024Q3 | solarmax |
Less Current Portion
LessCurrentPortion
|
1421867 | usd |
CY2023Q4 | solarmax |
Less Current Portion
LessCurrentPortion
|
2212574 | usd |
CY2024Q3 | solarmax |
Non Current Portion
NonCurrentPortion
|
3491600 | usd |
CY2023Q4 | solarmax |
Non Current Portion
NonCurrentPortion
|
4322942 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Principal Payments Remainder Of Fiscal Year
CustomerLoansReceivablePrincipalPaymentsRemainderOfFiscalYear
|
386435 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Principal Payments Due Next Twelve Months
CustomerLoansReceivablePrincipalPaymentsDueNextTwelveMonths
|
1119030 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Principal Payments Due Year Two
CustomerLoansReceivablePrincipalPaymentsDueYearTwo
|
1185229 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Principal Payments Due Year Three
CustomerLoansReceivablePrincipalPaymentsDueYearThree
|
991995 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Principal Payments Due Year Four
CustomerLoansReceivablePrincipalPaymentsDueYearFour
|
677106 | usd |
CY2024Q3 | solarmax |
Customer Loans Receivable Payments Due After Year Four
CustomerLoansReceivablePaymentsDueAfterYearFour
|
818494 | usd |
CY2024Q3 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
5178289 | usd |
CY2023Q4 | solarmax |
Allowance For Loans Losses For Customer Loans Receivable
AllowanceForLoansLossesForCustomerLoansReceivable
|
256808 | usd |
CY2022Q4 | solarmax |
Allowance For Loans Losses For Customer Loans Receivable
AllowanceForLoansLossesForCustomerLoansReceivable
|
288457 | usd |
solarmax |
Provision For Loan Losses
ProvisionForLoanLosses
|
-25094 | usd | |
solarmax |
Provision For Loan Losses
ProvisionForLoanLosses
|
-45633 | usd | |
solarmax |
Customer Loans Receivable Chargeoffs And Adjustments
CustomerLoansReceivableChargeoffsAndAdjustments
|
33090 | usd | |
solarmax |
Customer Loans Receivable Chargeoffs And Adjustments
CustomerLoansReceivableChargeoffsAndAdjustments
|
22066 | usd | |
CY2024Q3 | solarmax |
Allowance For Loans Losses For Customer Loans Receivable
AllowanceForLoansLossesForCustomerLoansReceivable
|
264804 | usd |
CY2023Q3 | solarmax |
Allowance For Loans Losses For Customer Loans Receivable
AllowanceForLoansLossesForCustomerLoansReceivable
|
264890 | usd |
CY2024Q3 | us-gaap |
Customer Refundable Fees Revenue Recognized1
CustomerRefundableFeesRevenueRecognized1
|
85000 | usd |
CY2023Q3 | us-gaap |
Customer Refundable Fees Revenue Recognized1
CustomerRefundableFeesRevenueRecognized1
|
124000 | usd |
us-gaap |
Customer Refundable Fees Revenue Recognized1
CustomerRefundableFeesRevenueRecognized1
|
277000 | usd | |
us-gaap |
Customer Refundable Fees Revenue Recognized1
CustomerRefundableFeesRevenueRecognized1
|
412000 | usd | |
CY2023Q4 | solarmax |
Reserve For Excess And Obsolete Inventories
ReserveForExcessAndObsoleteInventories
|
596367 | usd |
CY2022Q4 | solarmax |
Reserve For Excess And Obsolete Inventories
ReserveForExcessAndObsoleteInventories
|
485504 | usd |
us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
|
45717 | usd | |
us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
|
132961 | usd | |
CY2024Q3 | solarmax |
Reserve For Excess And Obsolete Inventories
ReserveForExcessAndObsoleteInventories
|
642084 | usd |
CY2023Q3 | solarmax |
Reserve For Excess And Obsolete Inventories
ReserveForExcessAndObsoleteInventories
|
618465 | usd |
CY2024Q3 | solarmax |
Inventories Consisted Of Solar Panels Inverters Battery Storage And Components
InventoriesConsistedOfSolarPanelsInvertersBatteryStorageAndComponents
|
1589136 | usd |
CY2023Q4 | solarmax |
Inventories Consisted Of Solar Panels Inverters Battery Storage And Components
InventoriesConsistedOfSolarPanelsInvertersBatteryStorageAndComponents
|
1336066 | usd |
CY2024Q3 | solarmax |
Inventories Consisted Of Led Lights
InventoriesConsistedOfLedLights
|
568339 | usd |
CY2023Q4 | solarmax |
Inventories Consisted Of Led Lights
InventoriesConsistedOfLedLights
|
601698 | usd |
CY2024Q3 | us-gaap |
Inventory Gross
InventoryGross
|
2157475 | usd |
CY2023Q4 | us-gaap |
Inventory Gross
InventoryGross
|
1937764 | usd |
CY2024Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
642084 | usd |
CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
596367 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
1515391 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
1341397 | usd |
CY2024Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
440140 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
436698 | usd |
CY2024Q3 | solarmax |
Deferred Project Costs
DeferredProjectCosts
|
1683842 | usd |
CY2023Q4 | solarmax |
Deferred Project Costs
DeferredProjectCosts
|
1603355 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
808138 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1342834 | usd |
CY2024Q3 | solarmax |
Advances To Suppliers
AdvancesToSuppliers
|
860985 | usd |
CY2023Q4 | solarmax |
Advances To Suppliers
AdvancesToSuppliers
|
1300009 | usd |
CY2024Q3 | us-gaap |
Interest Receivable
InterestReceivable
|
6575 | usd |
CY2023Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
0 | usd |
CY2024Q3 | solarmax |
Accrued Interest On Customer Loans Receivable
AccruedInterestOnCustomerLoansReceivable
|
34591 | usd |
CY2023Q4 | solarmax |
Accrued Interest On Customer Loans Receivable
AccruedInterestOnCustomerLoansReceivable
|
32537 | usd |
CY2024Q3 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
658564 | usd |
CY2024Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
3834271 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
5373997 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6066148 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6375603 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5846009 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6084187 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
220139 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
291416 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
16000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
44000 | usd |
us-gaap |
Depreciation
Depreciation
|
65000 | usd | |
us-gaap |
Depreciation
Depreciation
|
144000 | usd | |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
7584779 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
7774472 | usd |
solarmax |
Effect Of Exchange Rate On Goodwill
EffectOfExchangeRateOnGoodwill
|
-121004 | usd | |
CY2023 | solarmax |
Effect Of Exchange Rate On Goodwill
EffectOfExchangeRateOnGoodwill
|
-189693 | usd |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
7463775 | usd | |
CY2023 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | usd |
CY2024Q3 | us-gaap |
Goodwill
Goodwill
|
0 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
7584779 | usd |
solarmax |
Non Controlling Interest Equity Method Investment Ownership Percentage
NonControllingInterestEquityMethodInvestmentOwnershipPercentage
|
0.30 | pure | |
CY2024Q3 | solarmax |
Minority Interests Ownership Percentage By Parent
MinorityInterestsOwnershipPercentageByParent
|
0.30 | pure |
CY2023Q4 | us-gaap |
Investments
Investments
|
9698308 | usd |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
552843 | usd | |
us-gaap |
Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
|
90838 | usd | |
CY2024Q3 | us-gaap |
Investments
Investments
|
10341988 | usd |
CY2022Q4 | us-gaap |
Investments
Investments
|
9054759 | usd |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
886836 | usd | |
us-gaap |
Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
|
-524935 | usd | |
CY2023Q3 | us-gaap |
Investments
Investments
|
9416660 | usd |
CY2024Q3 | solarmax |
Unsecured Payable From Unrelated Parties
UnsecuredPayableFromUnrelatedParties
|
2000000 | usd |
CY2023Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
2000000.0 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.08 | pure |
CY2023Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
16250000 | usd |
solarmax |
Principal Note Paid During Period
PrincipalNotePaidDuringPeriod
|
-5500000 | usd | |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | usd | |
solarmax |
Issurance Of Convertible Notes
IssuranceOfConvertibleNotes
|
5500000 | usd | |
CY2024Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
16250000 | usd |
CY2024Q3 | solarmax |
Accrued Expenses And Other Payables
AccruedExpensesAndOtherPayables
|
13500981 | usd |
CY2023Q4 | solarmax |
Accrued Expenses And Other Payables
AccruedExpensesAndOtherPayables
|
16480896 | usd |
solarmax |
Restricted Stock Units
RestrictedStockUnits
|
675000 | usd | |
CY2022Q4 | solarmax |
Disclosureofsettlement Agreement
DisclosureofsettlementAgreement
|
Company agreed to pay each of the limited partners a sum of $533,749.98, payable $50,000 at the time of the agreement execution and the remainder shall be paid in 14 quarterly installments of $34,533.57 | |
CY2024Q3 | us-gaap |
Settlement Liabilities Current
SettlementLiabilitiesCurrent
|
415000 | usd |
CY2023Q4 | us-gaap |
Settlement Liabilities Current
SettlementLiabilitiesCurrent
|
622000 | usd |
solarmax |
Current Portion
CurrentPortion
|
276000 | usd | |
CY2024Q3 | solarmax |
Other Payable To Related Party
OtherPayableToRelatedParty
|
2500000 | usd |
solarmax |
Gain Loss On Terminations Of Lease
GainLossOnTerminationsOfLease
|
77000 | usd | |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
4200 | usd | |
CY2024Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
478000 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
520000 | usd |
solarmax |
Recognized An Additional For Rou Asset
RecognizedAnAdditionalForRouAsset
|
221000 | usd | |
CY2024Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
254000 | usd |
CY2024Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
435000 | usd |
CY2023Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
518000 | usd |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1300000 | usd | |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1500000 | usd | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
425077 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1725564 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1768488 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3919129 | usd |
CY2024Q3 | solarmax |
Minimum Lease Payments Less Interest
MinimumLeasePaymentsLessInterest
|
-263637 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3655492 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1535127 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2120365 | usd |
solarmax |
Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
|
P2M9D | ||
us-gaap |
Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
|
0.0800 | pure | |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
423702 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
454769 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1307542 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1370947 | usd | |
CY2024Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
11241 | usd |
CY2023Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
58919 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
31245 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
147504 | usd | |
CY2024Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
241344 | usd |
CY2023Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
276901 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
731231 | usd | |
us-gaap |
Sublease Income
SubleaseIncome
|
892926 | usd | |
CY2024Q3 | us-gaap |
Lease Cost
LeaseCost
|
193599 | usd |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
236787 | usd |
us-gaap |
Lease Cost
LeaseCost
|
607556 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
625525 | usd | |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3000 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
130000 | usd |
CY2024Q3 | solarmax |
Restricted Stock Current Price
RestrictedStockCurrentPrice
|
5.01 | |
CY2024Q3 | solarmax |
Adjustment Related To Compensation Costs For Restricted Stock During Period
AdjustmentRelatedToCompensationCostsForRestrictedStockDuringPeriod
|
1300000 | usd |
CY2024Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1300000 | usd |
CY2023Q4 | solarmax |
Restricted Stock Shares Outstanding
RestrictedStockSharesOutstanding
|
264650 | shares |
CY2023Q4 | solarmax |
Weighted Average Grant Date Fair Value Per Share Outstanding
WeightedAverageGrantDateFairValuePerShareOutstanding
|
5.01 | |
CY2023Q4 | solarmax |
Restricted Stock Shares Nonvested
RestrictedStockSharesNonvested
|
264650 | shares |
CY2023Q4 | solarmax |
Weighted Average Grant Date Fair Value Per Share Nonvested
WeightedAverageGrantDateFairValuePerShareNonvested
|
5.01 | |
CY2024Q3 | solarmax |
Weighted Average Grant Date Fair Value Per Share Outstanding
WeightedAverageGrantDateFairValuePerShareOutstanding
|
5.01 | |
CY2024Q3 | solarmax |
Weighted Average Grant Date Fair Value Per Share Nonvested
WeightedAverageGrantDateFairValuePerShareNonvested
|
5.01 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6295858 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.96 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y6M | ||
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
5946320 | shares |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9622730 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1465363 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31058741 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
349883 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
45160314 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39735536 | shares |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
43878255 | shares | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39735536 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45160314 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40025153 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43878255 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40025153 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.71 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.21 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.71 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
6280879 | shares | |
CY2024Q4 | solarmax |
Convertible Note Issue To Limited Partner Principal
ConvertibleNoteIssueToLimitedPartnerPrincipal
|
500000 | usd |
CY2024Q4 | solarmax |
Reduction In Notes Payable Principal Amount To Cf Ii
ReductionInNotesPayablePrincipalAmountToCfIi
|
500000 | usd |