Security
XMAX, Inc. Common Stock · XMAX
XMAXNASDAQCommon stockCurrentCIK 1473334Updated Oct 14, 2026
Name history
Nova Lifestyle, Inc. · through Nov 4, 2025Stevens Resources, Inc. · through May 11, 2011
XMAX price & chart
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NASDAQ:XMAX on TradingView ↗About the company
Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”) is a U.S.-headquartered innovative designer and marketer of contemporary styled residential and commercial furniture formerly known as Stevens Resources, Inc. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide.
In the news
XMax Announces Additional AI Services Agreement Expected to Generate Up to Approximately $3.6 Million in Annual Revenue ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Entry into a Material Definitive Agreement · Other Events
Items 1.01, 8.01, 9.01
DEF 14A filing
PRE 14A filing
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Items 1.01, 2.01, 9.01
UPLOAD filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 35,547,329Source | 9,917,403Source | 6,238,478Source | 11,533,496Source |
| Property, Plant and Equipment, NetUSD | 21,942Source | 252,186Source | 287,673Source | 368,624Source |
| GoodwillUSD | — | 218,606Source | 218,606Source | 218,606Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 3,109Source | 8,473Source | 13,837Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,708,340Source | 161,902Source | 369,137Source | 1,374,167Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,445,245Source | 36,371Source | 46,998Source | 288,478Source |
| Inventory, NetUSD | 2,163,437Source | 2,824,353Source | 2,213,311Source | 4,932,642Source |
| Assets, CurrentUSD | 11,782,698Source | 7,931,483Source | 3,749,385Source | 8,200,306Source |
| Prepaid Expense and Other Assets, CurrentUSD | 151,752Source | 219,709Source | 1,026,199Source | 1,583,846Source |
| Operating Lease, Right-of-Use AssetUSD | 594,801Source | 1,459,496Source | 1,904,349Source | 2,660,977Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 7,587,761Source | 6,793,889Source | 5,742,124Source | 4,921,666Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 41,886Source | 7,301Source | 1,918Source | 7,199Source |
| Additional Paid in CapitalUSD | — | — | — | 43,233,942Source |
| Retained Earnings (Accumulated Deficit)USD | -53,410,093Source | -49,991,515Source | -44,429,810Source | -36,706,553Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 504,247Source | 522,146Source | 521,425Source | 77,242Source |
| Stockholders' Equity Attributable to ParentUSD | 27,959,568Source | 3,123,514Source | 496,354Source | 6,611,830Source |
| Additional Paid in Capital, Common StockUSD | 80,823,528Source | 52,585,582Source | 44,402,821Source | — |
| Liabilities and EquityUSD | 35,547,329Source | 9,917,403Source | 6,238,478Source | 11,533,496Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,392,742Source | 5,825,319Source | 3,689,328Source | 1,642,677Source |
| Operating Lease, Liability, CurrentUSD | 591,350Source | 716,602Source | 701,985Source | 736,428Source |
| Accounts Payable, CurrentUSD | 327,134Source | 728,546Source | 430,045Source | 321,261Source |
| Operating Lease, Liability, NoncurrentUSD | — | 730,291Source | 1,262,256Source | 1,971,386Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 36,371Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -7,720,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 88,285Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,383,250Source | 757,692Source | 499,631Source | 573,923Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,408,765Source | -10,792Source | -243,862Source | 186,951Source |
| Increase (Decrease) in InventoriesUSD | -654,874Source | 667,626Source | -2,525,732Source | 879,527Source |
| Increase (Decrease) in Accounts PayableUSD | -401,412Source | 298,501Source | 108,784Source | -37,101Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -445,838Source | -1,391,779Source | -1,580,247Source | -5,367,650Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -22,808,208Source | -14,121Source | 18,643Source | -8,772Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | 8,772Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 29,752,352Source | 1,175,578Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 6,546,438Source | -207,235Source | -1,005,030Source | -4,901,939Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 68,906Source | 32,477Source | 6,176Source | 5,697Source |
| Income Taxes Paid, NetUSD | 1,304,247Source | 5,854Source | 90,931Source | 248,720Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,109Source | 5,364Source | 5,364Source | — |
| DepreciationUSD | 6,803Source | 55,489Source | 68,401Source | 63,218Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -30,075Source | 13,281Source | -417,690Source | -639,432Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -192,726Source | — | — | — |
| General and Administrative ExpenseUSD | 4,736,406Source | 6,057,477Source | 5,056,500Source | 5,555,489Source |
| GoodwillUSD | — | 218,606Source | 218,606Source | 218,606Source |
| Goodwill, Impairment LossUSD | 218,606Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -7,723,257Source | -17,075,917Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -25,754Source |
| Income Tax Expense (Benefit)USD | -580,987Source | 2,614Source | 731,092Source | 2,400Source |
| Inventory Write-downUSD | 6,042Source | 56,583Source | 140,131Source | 12,904,676Source |
| Net Income (Loss) Attributable to ParentUSD | -3,418,578Source | -5,561,705Source | -7,723,257Source | -17,101,671Source |
| Nonoperating Income (Expense)USD | -2,070,833Source | -195,736Source | -573,617Source | -851,166Source |
| Operating ExpensesUSD | 6,113,230Source | 9,612,846Source | 10,592,105Source | 8,440,738Source |
| Other Depreciation and AmortizationUSD | — | — | — | 5,370Source |
| Other Nonoperating Income (Expense)USD | -1,662,565Source | 4,496Source | 19,979Source | -22,083Source |
| Other Operating Income (Expense), NetUSD | 300,000Source | — | — | — |
| Payments to Acquire InvestmentsUSD | 22,808,208Source | — | — | — |
| Proceeds from Contributed CapitalUSD | 200,000Source | 360,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 24,667,871Source | 750,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 296,420Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 16,722,703Source | 9,686,975Source | 11,087,459Source | 12,744,871Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -1,928,732Source | -5,363,355Source | -6,418,548Source | -16,222,351Source |
| Other Nonoperating Income (Expense)USD | -1,662,565Source | 4,496Source | 19,979Source | -22,083Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -3,999,565Source | -5,559,091Source | -6,992,165Source | -17,073,517Source |
| Income Tax Expense (Benefit)USD | -580,987Source | 2,614Source | 731,092Source | 2,400Source |
| Net Income (Loss) Attributable to ParentUSD | -3,418,578Source | -5,561,705Source | -7,723,257Source | -17,101,671Source |
| Earnings Per Share, BasicUSD per share | -0.17Source | -1.48Source | -4.96Source | -2.47Source |
| Earnings Per Share, DilutedUSD per share | -0.17Source | -1.48Source | -4.96Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 20,684,692Source | 3,765,727Source | 1,556,555Source | 6,929,565Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 20,684,692Source | 3,765,727Source | 1,556,555Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,109Source | 5,364Source | 5,364Source | — |
| Current Income Tax Expense (Benefit)USD | -580,987Source | 2,614Source | 731,092Source | 2,400Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 9,912Source | 60,853Source | 55,446Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -30,075Source | 13,281Source | -417,690Source | -639,432Source |
| General and Administrative ExpenseUSD | 4,736,406Source | 6,057,477Source | 5,056,500Source | 5,555,489Source |
| Goodwill, Impairment LossUSD | 218,606Source | — | — | — |
| Gross ProfitUSD | 4,184,498Source | 4,249,491Source | 4,173,557Source | -7,781,613Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -7,723,257Source | -17,075,917Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -4.96Source | -2.46Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -4.96Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -25,754Source |
| Interest Income (Expense), NetUSD | -77,135Source | -31,244Source | -9,495Source | -25,216Source |
| Nonoperating Income (Expense)USD | -2,070,833Source | -195,736Source | -573,617Source | -851,166Source |
| Operating ExpensesUSD | 6,113,230Source | 9,612,846Source | 10,592,105Source | 8,440,738Source |
| Other Operating Income (Expense), NetUSD | 300,000Source | — | — | — |
| Research and Development ExpenseUSD | — | — | 3,118,126Source | 10,917Source |
| Selling ExpenseUSD | 1,376,824Source | 1,557,508Source | 2,417,479Source | 2,885,249Source |
Offerings
Registration 333-295406
Registration 333-287559
- Gross proceeds
- 8999989.0
- Net proceeds
- 8369990.0
- Deal price
- 0.915
- Shares
- 9836054
- Offering price
- $0.915
- Ticker
- NVFY
Filing attachments
ex99-1.htm · 8-K · 2026-10-09
Exhibit 99.1 XMax to Acquire Hexa Creation, Developer of 1200V Vertical GaN Power Semiconductor Technology Transaction gives XMax footing in high-voltage GaN power technology aimed at AI data center power infrastructure LOS ANGELES, October 9, 2026 (GLOBE NEWSWIRE) - XMax Inc. (NASDAQ: XMAX) (“XMax” or the “Company”), a distributor of contemporary furniture and artificial intelligence software and platform-based service provider, today announced that it has entered into a definitive share pur…
Read attachment ↗ex107.htm · S-3 · 2026-04-29
Calculation of Filing Fee Tables S-3 XMax Inc. ──────────────────────────────────── Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable ─────────────────────────────────────────────────────────────────────────────── Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offe…
Read attachment ↗ex4-5.htm · 10-K · 2026-04-15
Exhibit 4.5 Description of the Company ’ s Common Stock Registered Under Section 12 of the Exchange Act of 1934, as amended XMax Inc. (the “Company”, “we”, “us” or “our”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) which consists of common stock, $0.001 par value per share (the “Common Stock”). The following is a summary of information concerning our Common Stock. This summary does not purport to be a complete…
Read attachment ↗ex99-1.htm · 8-K · 2026-04-08
EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 XMax Advances AI Strategy Through Development and Deployment of An AI Inference Platform Los Angeles, CA, April 8, 2026 - XMax Inc. (NASDAQ: XWIN) (“XMax” or the “Company”) today announced a key milestone in its artificial intelligence (“AI”) strategy with the deployment of an AI inference platform, further advancing its expansion toward a software-driven and platform-based AI business. XMax AI Inc., a wholly owned subsidiary of the Company (“XMax…
Read attachment ↗ex99-1.htm · 8-K · 2026-03-24
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 XMax Announces Strategic Expansion Into Artificial Intelligence to Drive Growth and Diversification LOS ANGELES, CA, March 24, 2026 - XMax Inc. (NASDAQ: XWIN, “XMax” or the “Company”) today announced that its Board of Directors has approved a strategic expansion into artificial intelligence (“AI”) while continuing to operate and develop its existing furniture business. The initiative is designed to diversify revenue streams and position the Company…
Read attachment ↗ex4-1.htm · 8-K · 2025-09-04
EX-4.1 3 ex4-1.htm EX-4.1 Exhibit 4.1 COMMON STOCK PURCHASE WARRANT NOVA LIFESTYLE, Inc. Warrant Initial Shares: _______ Exercise Date: _______, 2025 THIS COMMON STOCK PURCHASE WARRANT (the “ Warrant ”) certifies that, for value received, _____________ or its assignees (the “ Holder ”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “ Initial Exercise Date ”…
Read attachment ↗