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Cost of revenues in the first quarter of 2024 included. a one-time, non-cash stock-based compensation expense of $1.3 million.-- Total operating expense: $2.6 million, compared with $18.4 million in the. first quarter of 2024. Operating expense in the first quarter of 2024. included a one-time, non-cash stock-based compensation expense of $15.9. David Hsu, CEO of SolarMax, stated, \"We are encouraged by our progress this quarter, having achieved a 20% increase in revenue and improvement in gross margin despite ongoing inflationary and regulatory pressures. 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