XML 159 R42.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies

Schedule of future minimum lease commitments for offices, warehouse facilities and equipment

For the year ending December 31,		Total
2024 (remainder of)		$	1,715,941
2025			1,725,564
2026			1,768,488
Thereafter			-
Total		$	5,209,993

Schedule of maturities of operating lease liabilities

For the year ending December 31,		Total
2024 (remainder of)		$	1,675,305
2025			1,725,564
2026			1,768,488
Thereafter			-
Total minimum lease payments			5,169,357
Less: Interest			(802,545	)
Present value of lease obligations			4,366,812
Less: current portion			(1,465,296	)
Noncurrent portion		$	2,901,516
Other information related to leases is as follows:
		As of
		March 31, 2024
Weighted average remaining lease term (in years)			2.75
Weighted average discount rate			8.0	%

Schedule of lease cost

		Three Months Ended March 31,
		2024				2023
		(Unaudited)
Operating lease cost		$	454,768			$	1,056,643
Short-term lease cost			9,813				131,414
Less: Sublease income			(247,944	)			(255,043	)
Operating lease cost, net		$	216,637			$	933,014

X

- References

No definition available.

+ Details

Name:	solarmax_CommitmentsAndContingenciesAbstract
Namespace Prefix:	solarmax_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	solarmax_ScheduleOfFutureMinimumLeaseCommitmentsForOfficesWarehouseFacilitiesAndEquipmentTableTextBlock
Namespace Prefix:	solarmax_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration