10-Q Filing

TELKONET INC CIK: 1094084 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-001865`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	tkoi-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 46 Cash Flow Statement 54 Stockholders Equity 11

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Redeemable preferred stock shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Redeemable preferred stock shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$537.74K	USD	Point-in-time
Redeemable preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Redeemable preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$382.00K	USD	Point-in-time
Preferred Stock shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred Stock shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.70M	USD	Point-in-time
Inventories	`InventoryNet`	$1.04M	USD	Point-in-time
Inventories	`InventoryNet`	$654.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$189.88K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$120.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.47M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$46.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.10M	shares	Point-in-time
Goodwill	`Goodwill`	$8.57M	USD	Point-in-time
Goodwill	`Goodwill`	$8.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.10M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.10M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.50M	USD	Point-in-time
Deposits	`DepositsAssets`	$34.24K	USD	Point-in-time
Deposits	`DepositsAssets`	$34.24K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$10.10M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$10.04M	USD	Point-in-time
Total Assets	`Assets`	$15.18M	USD	Point-in-time
Total Assets	`Assets`	$14.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.97M	USD	Point-in-time
Notes payable - current	`NotesPayableCurrent`	$280.98K	USD	Point-in-time
Notes payable - current	`NotesPayableCurrent`	$74.61K	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Deferred revenues	`DeferredRevenueNoncurrent`	$233.89K	USD	Point-in-time
Deferred revenues	`DeferredRevenueNoncurrent`	$117.56K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$118.76K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$110.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.63M	USD	Point-in-time
Deferred lease liability	`CapitalLeaseObligationsNoncurrent`	$133.61K	USD	Point-in-time
Deferred lease liability	`CapitalLeaseObligationsNoncurrent`	$133.50K	USD	Point-in-time
Notes payable - long term	`LongTermNotesPayable`	$595.28K	USD	Point-in-time
Notes payable - long term	`LongTermNotesPayable`	$813.93K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$728.77K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$947.54K	USD	Point-in-time
15,000,000 shares authorized, par value $.001 per share	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	-	USD	Point-in-time
15,000,000 shares authorized, par value $.001 per share	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	-	USD	Point-in-time
Total redeemable preferred stock	`PreferredStockRedemptionAmountFutureRedeemableSecurities`	$3.27M	USD	Point-in-time
Total redeemable preferred stock	`PreferredStockRedemptionAmountFutureRedeemableSecurities`	$3.44M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 108,103,001 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$108.10K	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 108,103,001 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$108.10K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$124.02M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$124.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-118.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.56M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.18M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Product	`RevenueOtherManufacturedProducts`	$917.93K	USD	1 Quarter
Product	`RevenueOtherManufacturedProducts`	$2.17M	USD	1 Quarter
Recurring	`OtherRecurringIncome`	$962.13K	USD	1 Quarter
Recurring	`OtherRecurringIncome`	$1.01M	USD	1 Quarter
Total Net Revenue	`Revenues`	$1.93M	USD	1 Quarter
Total Net Revenue	`Revenues`	$3.13M	USD	1 Quarter
Product	`CostOfOtherManufacturedProducts`	$1.43M	USD	1 Quarter
Product	`CostOfOtherManufacturedProducts`	$600.81K	USD	1 Quarter
Recurring	`CostOfRevenue`	$289.91K	USD	1 Quarter
Recurring	`CostOfRevenue`	$266.16K	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsSold`	$1.70M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsSold`	$890.72K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.43M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$230.56K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$302.14K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.43M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.60K	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$1.73M	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$1.83M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-697.06K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-394.93K	USD	1 Quarter
Interest expense, net	`FinancingInterestExpense`	$16.64K	USD	1 Quarter
Interest expense, net	`FinancingInterestExpense`	$31.76K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-16.64K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-31.76K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-411.57K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-728.82K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$280.00	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-728.82K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-411.85K	USD	1 Quarter
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	$190.75K	USD	1 Quarter
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	$172.90K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-584.74K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-919.58K	USD	1 Quarter
Income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Income (loss) per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.10M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	104.35M	shares	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.52M	shares	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.46M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-728.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-411.85K	USD	1 Quarter
Stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$36.16K	USD	1 Quarter
Stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$2.02K	USD	1 Quarter
Depreciation	`Depreciation`	$12.18K	USD	1 Quarter
Depreciation	`Depreciation`	$3.70K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$60.42K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$60.42K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$796.00	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-927.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$462.40K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.33M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-553.80K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-388.79K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$68.94K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$112.30K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-182.26K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$95.42K	USD	1 Quarter
Accrued liabilities & expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-117.46K	USD	1 Quarter
Accrued liabilities & expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$93.87K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-17.51K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$116.33K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInDeposits`	$-8.32K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInDeposits`	$25.78K	USD	1 Quarter
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$6.22K	USD	1 Quarter
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$-114.00	USD	1 Quarter
Net Cash Provided by (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$471.11K	USD	1 Quarter
Net Cash Provided by (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-394.57K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.72K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Deposit of restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Deposit of restricted cash	`IncreaseDecreaseInRestrictedCash`	$382.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-396.73K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.00K	USD	1 Quarter
Payments on note payable	`RepaymentsOfLongTermDebt`	$24.78K	USD	1 Quarter
Payments on note payable	`RepaymentsOfLongTermDebt`	$12.28K	USD	1 Quarter
Net Cash Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.28K	USD	1 Quarter
Net Cash Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.78K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$62.11K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.35K	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$537.74K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$537.74K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Cash paid during the period for interest expense	`OtherFinancialServicesCosts`	$1.75K	USD	1 Quarter
Cash paid during the period for interest expense	`OtherFinancialServicesCosts`	$1.36K	USD	1 Quarter
Accretion of discount on redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$123.11K	USD	1 Quarter
Accretion of discount on redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$106.00K	USD	1 Quarter
Accretion of dividends on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$-66.90K	USD	1 Quarter
Accretion of dividends on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$-67.64K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$5.76M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$6.34M	USD	Point-in-time
Stock-based compensation expense related to employee stock options	`AllocatedShareBasedCompensationExpense`	$36.16K	USD	1 Quarter
Stock-based compensation expense related to employee stock options	`AllocatedShareBasedCompensationExpense`	$2.02K	USD	1 Quarter
Accretion of redeemable preferred stock discount	`PreferredStockAccretionOfRedemptionDiscount`	$-106.00K	USD	1 Quarter
Accretion of redeemable preferred stock dividends	`TemporaryEquityAccretionOfDividends`	$-66.90K	USD	1 Quarter
Accretion of redeemable preferred stock dividends	`TemporaryEquityAccretionOfDividends`	$-67.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-728.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-411.85K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$5.76M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$6.34M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.