{"url_path":"/sec/smxt/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1519472/0001640334-26-000909-index.html","accession_number":"0001640334-26-000909","cik":"0001519472","ticker":"SMXT","issuer_name":"SolarMax Technology, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1519472/0001640334-26-000909-index.html","primary_entity_key":"0001519472","primary_entity_name":"SolarMax Technology, Inc."},"word_count":100,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**\n\n \n\nIn January 2026, we issued a total of 2,000,000 shares of common stock to two accredited investors for a total of $1,096,000. The shares were issued at a price per share of $0.548 which represented a 25% discount from the market price of the common stock. No brokers were involved in the sales. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act as a transaction not involving a public offering. The proceeds from the sale are being used for working capital."}