10-K Filing

TELKONET INC CIK: 1094084 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001019687-14-001081`
Period End Date	20131231
Filing Date	20140331
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	tkoi-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 50 Cash Flow Statement 65 Stockholders Equity 18

Balance Sheet 74 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
Redeemable preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$572.67K	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
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$382.00K	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.66M	USD	Point-in-time
Inventories	`InventoryNet`	$939.38K	USD	Point-in-time
Inventories	`InventoryNet`	$654.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$189.88K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$171.22K	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
Total current assets	`AssetsCurrent`	$5.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.73M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	125.04M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.10M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.64K	USD	Point-in-time
Goodwill	`Goodwill`	$8.57M	USD	Point-in-time
Goodwill	`Goodwill`	$5.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	125.04M	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Deposits	`DepositsAssets`	$34.24K	USD	Point-in-time
Deposits	`DepositsAssets`	$34.24K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.09M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$10.10M	USD	Point-in-time
Total Assets	`Assets`	$10.86M	USD	Point-in-time
Total Assets	`Assets`	$15.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.84M	USD	Point-in-time
Notes payable - current	`LongTermDebtCurrent`	$74.61K	USD	Point-in-time
Notes payable - current	`LongTermDebtCurrent`	$265.99K	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Deferred revenues	`DeferredRevenueNoncurrent`	$117.56K	USD	Point-in-time
Deferred revenues	`DeferredRevenueNoncurrent`	$111.29K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$118.76K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$77.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.30M	USD	Point-in-time
Deferred lease liability	`CapitalLeaseObligationsNoncurrent`	$130.92K	USD	Point-in-time
Deferred lease liability	`CapitalLeaseObligationsNoncurrent`	$133.61K	USD	Point-in-time
Notes payable - long term	`LongTermNotesPayable`	$813.93K	USD	Point-in-time
Notes payable - long term	`LongTermNotesPayable`	$394.50K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$335.27K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$947.54K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$860.70K	USD	Point-in-time
Total redeemable preferred stock	`PreferredStockRedemptionAmountFutureRedeemableSecurities`	$3.27M	USD	Point-in-time
Total redeemable preferred stock	`PreferredStockRedemptionAmountFutureRedeemableSecurities`	$1.17M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	$324.06K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 125,035,612 and 108,103,001 shares issued and outstanding at December 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; 125,035,612 and 108,103,001 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$125.03K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$126.04M	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`	$-121.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.86M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.18M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Product	`RevenueOtherManufacturedProducts`	$8.54M	USD	Annual
Product	`RevenueOtherManufacturedProducts`	$10.12M	USD	Annual
Recurring	`OtherRecurringIncome`	$3.77M	USD	Annual
Recurring	`OtherRecurringIncome`	$4.22M	USD	Annual
Total Net Revenue	`Revenues`	$13.89M	USD	Annual
Total Net Revenue	`Revenues`	$12.76M	USD	Annual
Product	`CostOfOtherManufacturedProducts`	$4.73M	USD	Annual
Product	`CostOfOtherManufacturedProducts`	$6.03M	USD	Annual
Recurring	`CostOfRevenue`	$1.18M	USD	Annual
Recurring	`CostOfRevenue`	$1.07M	USD	Annual
Total Cost of Sales	`CostOfGoodsSold`	$7.10M	USD	Annual
Total Cost of Sales	`CostOfGoodsSold`	$5.90M	USD	Annual
Gross Profit	`GrossProfit`	$6.85M	USD	Annual
Gross Profit	`GrossProfit`	$6.79M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$984.85K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.17M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.25M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.24M	USD	Annual
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	$2.77M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$258.52K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$260.83K	USD	Annual
Total Operating Expense	`OperatingExpenses`	$10.45M	USD	Annual
Total Operating Expense	`OperatingExpenses`	$6.48M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$369.68K	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$-3.67M	USD	Annual
Interest income (expense), net	`FinancingInterestExpense`	$26.27K	USD	Annual
Interest income (expense), net	`FinancingInterestExpense`	$18.14K	USD	Annual
Gain on sale of product line	`GainLossOnSaleOfProject`	$15.41K	USD	Annual
Gain on sale of product line	`GainLossOnSaleOfProject`	$41.90K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$23.76K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-10.87K	USD	Annual
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.64M	USD	Annual
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$358.81K	USD	Annual
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$349.82K	USD	Annual
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-31.27K	USD	Annual
Net (Loss) Income	`NetIncomeLoss`	$390.08K	USD	Annual
Net (Loss) Income	`NetIncomeLoss`	$-3.99M	USD	Annual
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	$905.98K	USD	Annual
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	$897.64K	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.90M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-507.56K	USD	Annual
Net loss attributable to common stockholders per common share - basic	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net loss attributable to common stockholders per common share - basic	`EarningsPerShareBasic`	-	USD	Annual
Net loss attributable to common stockholders per common share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Net loss attributable to common stockholders per common share - diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	114.67M	shares	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	105.79M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.67M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.39M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$390.08K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-3.99M	USD	Annual
Gain on sale of product line	`GainLossOnSaleOfOtherAssets`	$41.90K	USD	Annual
Gain on sale of product line	`GainLossOnSaleOfOtherAssets`	$15.41K	USD	Annual
Provision for lease loss	`ProvisionForLeaseLosses`	-	USD	Annual
Provision for lease loss	`ProvisionForLeaseLosses`	$132.17K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$201.64K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$89.56K	USD	Annual
Depreciation	`Depreciation`	$19.15K	USD	Annual
Depreciation	`Depreciation`	$16.84K	USD	Annual
Amortization	`AdjustmentForAmortization`	$241.68K	USD	Annual
Amortization	`AdjustmentForAmortization`	$241.68K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$197.15K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.64K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-335.27K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Goodwill impairment	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Goodwill impairment	`GoodwillAndIntangibleAssetImpairment`	$2.77M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.17M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.73M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$284.47K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$332.70K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-18.66K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$32.21K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$718.64K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-123.44K	USD	Annual
Accrued liabilities & expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.66K	USD	Annual
Accrued liabilities & expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-344.89K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.26K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$62.03K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$97.40K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$-41.36K	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$14.97K	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$-2.69K	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-188.99K	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.64K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.09K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.58K	USD	Annual
Deposit of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-91.00K	USD	Annual
Deposit of restricted cash	`IncreaseDecreaseInRestrictedCash`	$382.00K	USD	Annual
Net Cash (Used In) Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-407.58K	USD	Annual
Net Cash (Used In) Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$47.91K	USD	Annual
Payments on note payable	`RepaymentsOfLongTermDebt`	$186.15K	USD	Annual
Payments on note payable	`RepaymentsOfLongTermDebt`	$61.25K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$405.00K	USD	Annual
Net Cash (Used In) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$343.75K	USD	Annual
Net Cash (Used In) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-186.15K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$202.67K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-591.09K	USD	Annual
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$572.67K	USD	Point-in-time
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$961.09K	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$572.67K	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaid`	$18.32K	USD	Annual
Cash paid during the year for interest	`InterestPaid`	$29.06K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$28.73K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$9.97K	USD	Annual
Accretion of discount on redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-705.17K	USD	Annual
Accretion of discount on redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-625.57K	USD	Annual
Accretion of dividends on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$-200.81K	USD	Annual
Accretion of dividends on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$-272.06K	USD	Annual
Conversion of preferred stock to common stock	`SharesIssuedOnConversionOfPreferredStockAmount`	$2.68M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.54M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$6.34M	USD	Point-in-time
Shares issued to directors and management, Amount	`SharesIssuedToDirectorsAndManagementAmount`	$102.00K	USD	Annual
Stock-based compensation expense related to employee stock options	`AllocatedShareBasedCompensationExpense`	$89.56K	USD	Annual
Stock-based compensation expense related to employee stock options	`AllocatedShareBasedCompensationExpense`	$99.64K	USD	Annual
Shares issued to preferred stockholders for warrants exercised, Amount	`SharesIssuedToPreferredShareHoldersForWarrantsExercisedAmount`	$405.00K	USD	Annual
Shares issued on conversion of preferred stock, Amount	`SharesIssuedOnConversionOfPreferredStockAmount`	$2.68M	USD	Annual
Accretion of redeemable preferred stock discount	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-705.17K	USD	Annual
Accretion of redeemable preferred stock discount	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-625.57K	USD	Annual
Accretion of redeemable preferred stock dividends	`TemporaryEquityAccretionOfDividends`	$-200.81K	USD	Annual
Accretion of redeemable preferred stock dividends	`TemporaryEquityAccretionOfDividends`	$-272.06K	USD	Annual
Reclassification from temporary equity to permanent equity, value	`ReclassificationFromTemporaryEquityToPermanentEquityValue`	$324.06K	USD	Annual
Net loss	`NetIncomeLoss`	$390.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.99M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.54M	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.