Late filing
elevated
Filing comparison
SolarMax Technology, Inc. filed its quarterly report late and said it expects a significant change in results
expects significant change in results
(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
- True
- Other periodic reports filed
- True
- Severity
- high
- 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.