SEC Comment Letter 0000000000-23-010458 to SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc.
Date: Sept. 21, 2023 · CIK: 0001519472 · Accession: 0000000000-23-010458
AI Filing Summary & Sentiment
File numbers found in text: 333-266206
Letter
United States securities and exchange commission logo September 21, 2023 David Hsu Chief Executive Officer SolarMax Technology, Inc. 3080 12th Street Riverside, CA 92507 Re:SolarMax Technology, Inc. Amendment No. 8 to Registration Statement on Form S-1 Filed September 11, 2023 File No. 333-266206 Dear David Hsu: We have reviewed your amended registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Amendment No. 8 to Registration Statement on Form S-1 filed on September 11, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 74 1.We note your statement on page 77 that the income tax benefit for your China segment for the six months ended June 30, 2023 was $283,765 as a result of the release of the tax valuation allowance in your China segment due to the taxable loss during the period. Within your income statement on page F-3, it appears that you have reflected a income tax provision for the six months ended June 30, 2023. As such, please provide us with an understanding of the differences on page 77 and page F-3.
FirstName LastNameDavid Hsu Comapany NameSolarMax Technology, Inc. September 21, 2023 Page 2 FirstName LastName David Hsu SolarMax Technology, Inc. September 21, 2023 Page 2 You may contact Ameen Hamady at 202-551-3891 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. Please contact Ronald Alper at 202-551-3329 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Asher Levitsky
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United States securities and exchange commission logo
September 21, 2023
David Hsu
Chief Executive Officer
SolarMax Technology, Inc.
3080 12th Street
Riverside, CA 92507
Re:SolarMax Technology, Inc.
Amendment No. 8 to Registration Statement on Form S-1
Filed September 11, 2023
File No. 333-266206
Dear David Hsu:
We have reviewed your amended registration statement and have the following
comment. In our comment, we may ask you to provide us with information so we may better
understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to this comment, we may have additional comments.
Amendment No. 8 to Registration Statement on Form S-1 filed on September 11, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations, page 74
1.We note your statement on page 77 that the income tax benefit for your China segment for
the six months ended June 30, 2023 was $283,765 as a result of the release of the tax
valuation allowance in your China segment due to the taxable loss during the period.
Within your income statement on page F-3, it appears that you have reflected a income tax
provision for the six months ended June 30, 2023. As such, please provide us with an
understanding of the differences on page 77 and page F-3.
FirstName LastNameDavid Hsu
Comapany NameSolarMax Technology, Inc.
September 21, 2023 Page 2
FirstName LastName
David Hsu
SolarMax Technology, Inc.
September 21, 2023
Page 2
You may contact Ameen Hamady at 202-551-3891 or Jennifer Monick at 202-551-3295
if you have questions regarding comments on the financial statements and related
matters. Please contact Ronald Alper at 202-551-3329 or Pam Howell at 202-551-3357 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Asher Levitsky