Filing Signals

Late filing elevated Filing comparison 2026-08-17

SolarMax Technology, Inc. filed its quarterly report late and said it expects a significant change in results

expects significant change in results 3 days past the statutory due date.

(the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 within the prescribed time period in order to resolve an ASC 606, which is titled “Revenue from Contracts with Customers.” Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Quarterly Report and to permit the Company’s independent registered public accounting firm to complete its review.

Evidence

Anticipates significant change: Yes
Days past due date: 3
Other periodic reports filed: Yes
Routine: No
Severity: elevated
Source: Form 12b-25 (notification of late filing)
Stated reason: (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 within the prescribed time period in order to resolve an ASC 606, which is titled “Revenue from Contracts with Customers.” Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Quarterly Report and to permit the Company’s independent registered public accounting firm to complete its review.
Why: The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗

Late filing elevated Filing comparison 2026-03-31

SolarMax Technology, Inc. filed its annual report late and said it expects a significant change in results

expects significant change in results Filed on the statutory due date.

(the “Company”) is unable to file its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) within the prescribed time period, because of extra time required in order to resolve accounting issues relating to the default by the Company of certain convertible notes and issues relating to a contract with an entity in which the Company is to have a minority interest. The Company requires additional time to compile and process the information necessary for the completion of the 2025 Form 10-K. The Company anticipates filing the 2025 Form 10-K no later than 15 days after the original filing date.

Evidence

Anticipates significant change: Yes
Days past due date: 0
Other periodic reports filed: Yes
Routine: No
Severity: elevated
Source: Form 12b-25 (notification of late filing)
Stated reason: (the “Company”) is unable to file its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) within the prescribed time period, because of extra time required in order to resolve accounting issues relating to the default by the Company of certain convertible notes and issues relating to a contract with an entity in which the Company is to have a minority interest. The Company requires additional time to compile and process the information necessary for the completion of the 2025 Form 10-K. The Company anticipates filing the 2025 Form 10-K no later than 15 days after the original filing date.
Why: The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗