10-Q Filing

TELKONET INC CIK: 1094084 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-006112`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tkoi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 46 Cash Flow Statement 58 Stockholders Equity 7

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$964.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$555.44K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$951.25K	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$31.28K	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$31.28K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.80M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.26M	USD	Point-in-time
Inventories	`InventoryNet`	$812.05K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Inventories	`InventoryNet`	$702.14K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.05M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$157.50K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$235.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.05M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$142.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.33K	USD	Point-in-time
Goodwill	`Goodwill`	$5.80M	USD	Point-in-time
Goodwill	`Goodwill`	$5.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$714.84K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$775.26K	USD	Point-in-time
Deposits	`DepositsAssets`	$34.00K	USD	Point-in-time
Deposits	`DepositsAssets`	$34.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$14.63K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$9.90K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.62M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.56M	USD	Point-in-time
Total Assets	`Assets`	$10.98M	USD	Point-in-time
Total Assets	`Assets`	$11.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.75M	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Accrued liabilities and expenses	`AccruedLiabilitiesCurrent`	$882.04K	USD	Point-in-time
Notes payable - current	`LongTermDebtCurrent`	$93.34K	USD	Point-in-time
Notes payable - current	`LongTermDebtCurrent`	$39.75K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$901.77K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$1.06M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$291.96K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$242.72K	USD	Point-in-time
Deferred lease liability - current	`CapitalLeaseObligationsCurrent`	$15.21K	USD	Point-in-time
Deferred lease liability - current	`CapitalLeaseObligationsCurrent`	$16.80K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$309.84K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$271.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.52M	USD	Point-in-time
Deferred lease liability - long term	`CapitalLeaseObligationsNoncurrent`	$103.80K	USD	Point-in-time
Deferred lease liability - long term	`CapitalLeaseObligationsNoncurrent`	$99.32K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$785.36K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$734.05K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$884.67K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$837.85K	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; 127,054,848 shares issued and outstanding at March 31, 2016 and at December 31, 2015	`CommonStockValue`	$127.05K	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 127,054,848 shares issued and outstanding at March 31, 2016 and at December 31, 2015	`CommonStockValue`	$127.05K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$126.14M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$126.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-122.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.42M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.98M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Product	`RevenueOtherManufacturedProducts`	$1.58M	USD	1 Quarter
Product	`RevenueOtherManufacturedProducts`	$3.55M	USD	1 Quarter
Recurring	`OtherRecurringIncome`	$999.18K	USD	1 Quarter
Recurring	`OtherRecurringIncome`	$1.08M	USD	1 Quarter
Total Net Revenues	`Revenues`	$2.57M	USD	1 Quarter
Total Net Revenues	`Revenues`	$4.62M	USD	1 Quarter
Product	`CostOfOtherManufacturedProducts`	$1.09M	USD	1 Quarter
Product	`CostOfOtherManufacturedProducts`	$1.79M	USD	1 Quarter
Recurring	`CostOfRevenue`	$238.26K	USD	1 Quarter
Recurring	`CostOfRevenue`	$278.04K	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsSold`	$1.33M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsSold`	$2.07M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.56M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$359.53K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$426.81K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.83K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.30K	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$2.37M	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$1.92M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-671.84K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$188.25K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-16.20K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-20.05K	USD	1 Quarter
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-16.20K	USD	1 Quarter
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-20.05K	USD	1 Quarter
Income (Loss) Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$172.06K	USD	1 Quarter
Income (Loss) Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-691.89K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$52.19K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$51.94K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-744.08K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$120.12K	USD	1 Quarter
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	-	USD	1 Quarter
Accretion of preferred dividends and discount	`OtherPreferredStockDividendsAndAdjustments`	$18.25K	USD	1 Quarter
Net Income (Loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$120.12K	USD	1 Quarter
Net Income (Loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-762.33K	USD	1 Quarter
Net income (loss) attributable to common stockholders per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) attributable to common stockholders per common share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) attributable to common stockholders per common share - diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) attributable to common stockholders per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	127.05M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	125.04M	shares	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.34M	shares	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	125.04M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-744.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$120.12K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.75K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.20K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.74K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.74K	USD	1 Quarter
Depreciation	`Depreciation`	$8.88K	USD	1 Quarter
Depreciation	`Depreciation`	$8.41K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$60.42K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$60.42K	USD	1 Quarter
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	$18.80K	USD	1 Quarter
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	$-3.99K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-51.31K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-51.31K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-546.70K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$554.23K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-109.91K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$130.99K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$78.06K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$37.56K	USD	1 Quarter
Deposits and other long term assets	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposits and other long term assets	`IncreaseDecreaseInDepositOtherAssets`	$-238.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-66.09K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-278.64K	USD	1 Quarter
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$321.22K	USD	1 Quarter
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.27K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$60.82K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-49.25K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInDeposits`	$-10.53K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInDeposits`	$-38.24K	USD	1 Quarter
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$97.00	USD	1 Quarter
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$-2.90K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-415.10K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-90.09K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.74K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.74K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$53.59K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$82.53K	USD	1 Quarter
Net Proceeds (payments) from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-75.00K	USD	1 Quarter
Net Proceeds (payments) from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$160.00K	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-157.53K	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$106.41K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.58K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-572.63K	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$964.83K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$555.44K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$951.25K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$964.83K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$555.44K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$951.25K	USD	Point-in-time
Cash paid during the year for interest	`InterestPaid`	$11.68K	USD	1 Quarter
Cash paid during the year for interest	`InterestPaid`	$19.94K	USD	1 Quarter
Accretion of dividends on redeemable preferred stock	`AccretionOfDividendsOnRedeemablePreferredStock`	-	USD	1 Quarter
Accretion of dividends on redeemable preferred stock	`AccretionOfDividendsOnRedeemablePreferredStock`	$23.68K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$5.89M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$6.02M	USD	Point-in-time
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-744.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$120.12K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$5.89M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$6.02M	USD	Point-in-time

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