SolarMax Technology (SMXT)

Net assets on the balance sheet as of June 2024 : -$2.82 Million USD

According to SolarMax Technology's latest financial reports the company has -$2.82 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SolarMax Technology - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$-$16.21 Million	91.87%
2021-12-31	$-$8.45 Million	55.35%
2020-12-31	$-$5.44 Million
2018-12-31	$$1.58 M	-85.67%
2017-12-31	$$11.05 M	-35.48%
2016-12-31	$$17.14 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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SolarMax Technology (SMXT) - Net assets