SolarMax Technology Inc
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 16, 2024
SMXT$4.43+9.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits, Financial Statement Schedules
Financial Statement
| Report of Independent Registered Accounting Firm | F-1 |
|---|---|
| Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022 | F-2 |
| Consolidated Statements of Operations for the years ended December 31, 2023 and 2022 | F-4 |
| Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2023 and 2022 | F-5 |
| Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the years ended December 31, 2023 and 2022 | F-6 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2023 and 2022 | F-7 |
| Notes to consolidated Financial Statements | F-9 |
| Condensed Financial Information of Parent | |
Exhibits
| Exhibit number | Description |
| 3.1 | Amended and Restated Articles of Incorporation, as amended.1 |
| 3.2 | Amended and Restated Bylaws.1 |
| 10.1 | Employment agreement dated October 7, 2016 between the Company and David Hsu.1† |
| 10.2 | Separation and Release Agreement dated October 1, 2020, by and between the Company and Ching Liu1 |
| 10.3 | Form of restricted stock agreement.1† |
| 10.4 | 2016 Long-term incentive plan. 1† |
| 10.5 | Loan agreement dated August 26, 2014, between Clean Energy Funding II, LP and SolarMax LED, Inc.1 |
| 10.6 | Loan agreement dated January 3, 2012, between Clean Energy Funding, LP (“CEF”) and SolarMax Renewable Energy Provider, Inc. (“SREP”)1 |
| 10.7 | Lease agreement dated October 13, 2022 between the Company and 3080 12th Street, LLC.1 |
| 10.8 | Lease dated September 1, 2016 between Fallow Field, LLC and the Company.1 |
| 10.9 | Lease dated as of September 1, 2016 between Fallow Field, LLC and SolarMax LED, Inc. (U.S.A.).1 |
| 10.10 | Form of restricted stock exchange agreement for option1 |
| 10.11 | Form of restricted stock exchange agreement for option and cash1 |
| 10.12 | Client Service Agreement dated October 14, 2019 between SolarMax Renewable Energy Provider, Inc. and Insperity PEO Services, L.P. and Client Service Agreement Terms & Conditions1 |
| 10.13 | Client Service Agreement dated October 14, 2019 between SMX Capital, Inc. and Insperity PEO Services, L.P. and Client Service Agreement Terms & Conditions1 |
| 10.14 | Client Service Agreement dated October 14, 2019 between SolarMax LED, Inc. and Insperity PEO Services, L.P. and Client Service Agreement Terms & Conditions1 |
| 10.15 | Promissory note dated October 24, 2019 payable to SMX Property, LLC1 |
| 10.16 | Form of exchange agreement among CEF, SREP, the issuer and the limited partners of CEF1 |
| 10.17 | Form of 4% secured subordinated convertible note issued by the issuer and SREP to limited partners of CEF pursuant to the exchange agreement (Exhibit 10.71)1 |
| 10.18 | Exchange agreement dated March 27, 2019 between and Company and David Hsu1 |
| 10.19 | Exchange agreement dated March 27, 2019 between the Company and Ching Lui1 |
| 10.20 | Promissory note dated October 10, 2022 issued by the Company to SMX Property, LLC. For $944,076.88.1 |
| 10.21 | Promissory note dated October 10, 2022 issued by the Company to SMX Property, LLC. For $414,580.65.1 |
| 10.22 | Letter agreement dated August 30, 2022 between the Company and Yue Lian Liang extending maturity date of note.1 |
| 10.23 | Letter agreement dated March 13, 2024 between the Company and David Hsu deferring payment of deferred compensation2. |
| 14.1 | Code of Ethics2 |
| 19.1 | Insider Trading Policy2 |
| 21.1 | List of Subsidiaries.1 |
| 23.1 | Consent of Marcum LLP2 |
| 24.1 | Power of Attorney3 |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 20022. |
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.2 |
| 32.1 | Section 1350 Certification of the Chief Executive Officer and Chief Financial Officer.2 |
| 97.1 | Clawback policy2 |
| 101.INS | Inline XBRL Instance Document.2 |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document.2 |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document.2. |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document.2 |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document.2 |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document.2. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 2 |
| 1 | Filed as an exhibit to the Company’s registration statement on Form S-1, File No. 333-266206 and incorporated herein by reference. |
| 2 | Filed herewith. |
| 3 | Included in the signature page |
| † | Compensatory plan or arrangement. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.