STRATUMfiling intelligence๐Ÿ‡ฎ๐Ÿ‡ณ Indian private portal

SMXT

SolarMax Technology, Inc.
CIK 0001519472 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
88.8
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

Chat with this filing โ†’

Ask follow-up questions about the latest 10-K, with citations verified against the actual text. No account needed.

Investigation memo โ€” generate one โ†’

Run the bounded investigation agent โ€” reads this company's signals and writes a short, cited summary.

Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED97.3

Earnings quality

Beneish M-Score -0.10 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-06) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -0.096,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.773,
    "GMI": 2.166,
    "AQI": 0.382,
    "SGI": 3.958,
    "DEPI": 0.939,
    "SGAI": 1,
    "LVGI": 1.166,
    "TATA": -0.075
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.105,
  "inputs": {
    "revenue_t": 90982535,
    "revenue_t1": 22986881,
    "total_assets_t": 91287054,
    "net_income_t": -6325368,
    "cfo_t": 498049
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1519472/000164033426000651/0001640334-26-000651-index.htm",
    "form": "10-K",
    "filed": "2026-04-06"
  }
}
P-05 ยท FY 2023-12-31 ยท ELEVATED100.0

Tax arbitrage

[FY2023 data, stale โ€” no more recent pretax-income figure in XBRL] ETR -17.3% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-31) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2023-12-31": -0.1732
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": 0.3832
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1519472/000164033425000556/0001640334-25-000556-index.htm",
    "form": "10-K",
    "filed": "2025-03-31"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED100.0

Zombie / distress

Interest coverage -4.61x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-06) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": -4.609,
    "2024-12-31": -21.143,
    "2023-12-31": null,
    "2022-12-31": null
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -5.976,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -6296273,
    "interest_expense_t": 1366205
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1519472/000164033426000651/0001640334-26-000651-index.htm",
    "form": "10-K",
    "filed": "2026-04-06"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN19.0

Restatement predictor

F-Score 0.57 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-06) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.57,
  "probability": 0.00211,
  "components": {
    "rsst": -0.105,
    "drec": 0.1341,
    "dinv": 0.0117,
    "soft": 0.9112,
    "dcs": 2.5792,
    "droa": 0.8358,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1519472/000164033426000651/0001640334-26-000651-index.htm",
    "form": "10-K",
    "filed": "2026-04-06"
  }
}