Microcap Ledger XMax Inc. $XMAX
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Household Furniture
- Headquarters
- Commerce, CA
- Fiscal year end
- December 31
- Shares outstanding
- 64,523,426 [10-Q 2026-08-14]
What the company doesAI summary of filing
XMax Inc. designs and distributes contemporary residential and commercial furniture worldwide through wholesale and retail channels as well as online platforms under brands including Nova LifeStyle, Diamond Sofa, and Nova Living. The company generates sales primarily as a branding and marketing company with vertically integrated third-party manufacturing capabilities, serving furniture distributors and retailers in North America, South America, Asia, and the Middle East, with North America accounting for 52.1% of 2025 sales. In March 2026, the Board approved a strategic expansion into artificial intelligence while continuing furniture operations, with plans to enter AI software and hardware development, cloud and GPU compute infrastructure, and enterprise-focused AI agent deployment. As of December 31, 2025, the company had 22 full-time employees and is revenue-generating from its furniture business, though the AI initiatives are in early deployment stages. [10-K 2026-04-15]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 6 months to Jun 2026 | $4.52M | $32.62M | −$4.29M | $34.63M | [10-Q 2026-08-14] |
| FY ended Dec 2025 | $16.72M | −$3.42M | −$445.8K | $6.71M | [10-K 2026-04-15] |
| FY ended Dec 2024 | $9.69M | −$5.56M | −$1.39M | $161.9K | [10-K 2026-04-15] |
- Quarterly cash burn
- −$2.14M
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-11-11 | 7,210,706 | [10-Q 2024-11-14] |
| 2025-03-28 | 13,207,322 | [10-K 2025-03-31] |
| 2025-05-14 | 13,708,822 | [10-Q 2025-05-15] |
| 2025-08-12 | 13,771,322 | [10-Q 2025-08-14] |
| 2025-11-13 | 41,871,727 | [10-Q 2025-11-14] |
| 2026-04-10 | 47,206,227 | [10-K 2026-04-15] |
| 2026-05-14 | 63,602,326 | [10-Q 2026-05-15] |
| 2026-08-12 | 64,523,426 | [10-Q 2026-08-14] |
- Shelf registration
- S-3 filed 2026-04-29; declared effective 2026-05-12 [S-3 2026-04-29]
Listing status
Current status: 2 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-15. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.
| Date | Event | Details | Deadline | Filing |
|---|---|---|---|---|
| 2026-09-15 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-09-15] |
| 2024-12-31 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2024-12-31] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-10-09 | 8-K | Material agreement entered; Other events |
| 2026-10-05 | DEF 14A | Proxy statement |
| 2026-09-23 | PRE 14A | Proxy statement |
| 2026-09-15 | 8-K | Listing notice or transfer |
| 2026-09-03 | 8-K | Material agreement entered; Unregistered sale of equity |
| 2026-08-25 | 8-K | Director or officer change |
| 2026-08-14 | 10-Q | Quarterly report |
| 2026-08-12 | 8-K | Material agreement entered; Acquisition or disposition completed |
| 2026-07-30 | 13G | Beneficial ownership report (5%+ holder) |
| 2026-07-28 | 8-K | Shareholder vote results |
| 2026-07-23 | 8-K | Material agreement entered; Acquisition or disposition completed |
| 2026-07-10 | 8-K | Material agreement entered; Acquisition or disposition completed |
Alerts for $XMAX
Email me when XMax Inc. files an offering, gets a deficiency notice, or moves sharply.
Facts as of . Small caps move fast; check the latest filings.