10-Q Filing

TOMI Environmental Solutions, Inc. CIK: 314227 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-004668`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tomz-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 36 Cash Flow Statement 60 Stockholders Equity 8

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Convertible Notes Payable, net of discount	`ConvertibleNotesPayable`	$56.97K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$1.41M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$1.52M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.50M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cumulative Convertible Preferred Stock Series A; Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.05M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Issued Shares	`PreferredStockSharesIssued`	510,000.00	shares	Point-in-time
Deposits on Merchandise (Note 11)	`DepositsOnMerchandise1`	$79.12K	USD	Point-in-time
Deposits on Merchandise (Note 11)	`DepositsOnMerchandise1`	$147.01K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Issued Shares	`PreferredStockSharesIssued`	510,000.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$123.40K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Stock Outstanding	`PreferredStockSharesOutstanding`	510,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series A; Stock Outstanding	`PreferredStockSharesOutstanding`	510,000.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$104.45K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stated value	`PreferredStockParOrStatedValuePerShare1`	$1.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.11M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stated value	`PreferredStockParOrStatedValuePerShare1`	$1.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.77M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Cumulative dividend	`CumulativeConvertiblePreferredStockSeriesBCumulativeDividend`	0.07	pure	Point-in-time
Property and Equipment - net (Note 4)	`PropertyPlantAndEquipmentNet`	$611.81K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Cumulative dividend	`CumulativeConvertiblePreferredStockSeriesBCumulativeDividend`	0.07	pure	Point-in-time
Property and Equipment - net (Note 4)	`PropertyPlantAndEquipmentNet`	$549.80K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Shares Authorized	`CumulativeConvertiblePreferredStockSeriesBSharesAuthorized`	4,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B; Shares Authorized	`CumulativeConvertiblePreferredStockSeriesBSharesAuthorized`	4,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B; Issued Shares	`CumulativeConvertiblePreferredStockSeriesBIssuedShares`	0.00	shares	Point-in-time
Intangible Assets - net (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$1.92M	USD	Point-in-time
Intangible Assets - net (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$1.83M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Issued Shares	`CumulativeConvertiblePreferredStockSeriesBIssuedShares`	0.00	shares	Point-in-time
Security Deposits	`SecurityDeposit`	$4.70K	USD	Point-in-time
Security Deposits	`SecurityDeposit`	$4.70K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stock Outstanding	`CumulativeConvertiblePreferredStockSeriesBStockOutstanding`	0.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stock Outstanding	`CumulativeConvertiblePreferredStockSeriesBStockOutstanding`	0.00	shares	Point-in-time
Total Other Assets	`OtherAssets`	$1.92M	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.83M	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Assets	`Assets`	$14.49M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Assets	`Assets`	$9.30M	USD	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	120.83M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	120.83M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$735.88K	USD	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	120.83M	shares	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	120.83M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.28M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 11)	`AccruedLiabilitiesAndOtherLiabilities`	$278.41K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 11)	`AccruedLiabilitiesAndOtherLiabilities`	$229.39K	USD	Point-in-time
Accrued Interest (Note 6)	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued Interest (Note 6)	`AccruedLiabilitiesCurrent`	$14.13K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$27.42K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$30.12K	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	$-6.60K	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	$-8.54K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.05M	USD	Point-in-time
Convertible Notes Payable, net of discount of $56,969 at March 31, 2017 (Note 6)	`ConvertibleLongTermNotesPayable`	$5.24M	USD	Point-in-time
Convertible Notes Payable, net of discount of $56,969 at March 31, 2017 (Note 6)	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$5.24M	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Cumulative Convertible Series A Preferred Stock; par value $0.01, 1,000,000 shares authorized; 510,000 shares issued and outstanding at March 31, 2017 and December 31, 2016	`PreferredStockValue`	$5.10K	USD	Point-in-time
Cumulative Convertible Series A Preferred Stock; par value $0.01, 1,000,000 shares authorized; 510,000 shares issued and outstanding at March 31, 2017 and December 31, 2016	`PreferredStockValue`	$5.10K	USD	Point-in-time
Cumulative Convertible Series B Preferred Stock; $1,000 stated value;7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016	`CumulativeConvertibleSeriesBPreferredStock`	-	USD	Point-in-time
Cumulative Convertible Series B Preferred Stock; $1,000 stated value;7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016	`CumulativeConvertibleSeriesBPreferredStock`	-	USD	Point-in-time
Common stock; par value $0.01, 200,000,000 shares authorized;120,825,134 shares issued and outstanding at March 31, 2017 and December 31, 2016.	`CommonStockValue`	$1.21M	USD	Point-in-time
Common stock; par value $0.01, 200,000,000 shares authorized;120,825,134 shares issued and outstanding at March 31, 2017 and December 31, 2016.	`CommonStockValue`	$1.21M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$41.44M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$41.37M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-34.96M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-34.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.69M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.49M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$1.10M	USD	1 Quarter
Sales, net	`Revenues`	$1.71M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$416.36K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$747.81K	USD	1 Quarter
Gross Profit	`GrossProfit`	$959.16K	USD	1 Quarter
Gross Profit	`GrossProfit`	$682.53K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$272.01K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$177.66K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$133.27K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$159.15K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$179.38K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$352.18K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$8.78K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$30.65K	USD	1 Quarter
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$11.55K	USD	1 Quarter
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$338.63K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$129.63K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$31.05K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$857.47K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$610.36K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.29M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.00M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-611.63K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.04M	USD	1 Quarter
Amortization of Debt Discount (Note 6)	`AmortizationOfDebtDiscountPremium`	$137.00	USD	1 Quarter
Amortization of Debt Discount (Note 6)	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$14.13K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-14.27K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	120.83M	shares	1 Quarter
Basic and Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	120.18M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$133.27K	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$159.15K	USD	1 Quarter
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	$137.00	USD	1 Quarter
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Equity Based Compensation	`EquityBasedCompensation`	$11.55K	USD	1 Quarter
Equity Based Compensation	`EquityBasedCompensation`	$281.63K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	$145.19K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	-	USD	1 Quarter
Reserve for Bad Debts	`ReserveForBadDebts`	-	USD	1 Quarter
Reserve for Bad Debts	`ReserveForBadDebts`	$30.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$232.89K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.25K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$453.14K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.76M	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$37.56K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$18.95K	USD	1 Quarter
Deposits on Merchandise	`IncreaseDecreaseInDepositsOnMerchandise`	$-205.01K	USD	1 Quarter
Deposits on Merchandise	`IncreaseDecreaseInDepositsOnMerchandise`	$-67.89K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$541.01K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$1.00M	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-49.02K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$266.20K	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	$-14.13K	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	-	USD	1 Quarter
Accrued Officers Compensation	`IncreaseDecreaseInAccruedSalaries`	-	USD	1 Quarter
Accrued Officers Compensation	`IncreaseDecreaseInAccruedSalaries`	$36.54K	USD	1 Quarter
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-1.55K	USD	1 Quarter
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-1.94K	USD	1 Quarter
Advances on Grant	`AdvancesOnGrants`	$-23.78K	USD	1 Quarter
Advances on Grant	`AdvancesOnGrants`	-	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.64K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.69K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-995.38K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-247.53K	USD	1 Quarter
Purchase of Property and Equipment	`PurchaseOfPropertyAndEquipment`	$297.15K	USD	1 Quarter
Purchase of Property and Equipment	`PurchaseOfPropertyAndEquipment`	$4.77K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.77K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-297.15K	USD	1 Quarter
Proceeds from Convertible Notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from Convertible Notes	`ProceedsFromConvertibleDebt`	$5.30M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.30M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.05M	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cash Paid For Interest	`InterestExpenseDebt`	-	USD	1 Quarter
Cash Paid For Interest	`InterestExpenseDebt`	-	USD	1 Quarter
Cash Paid For Income Taxes	`IncomeTaxesPaid`	$800.00	USD	1 Quarter
Cash Paid For Income Taxes	`IncomeTaxesPaid`	$800.00	USD	1 Quarter
Establishment of discount on convertible debt	`EstablishmentOfDiscountOnConvertibleDebt`	$57.11K	USD	1 Quarter
Establishment of discount on convertible debt	`EstablishmentOfDiscountOnConvertibleDebt`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$8.25M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$7.69M	USD	Point-in-time
Equity based compensation, Amount	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$11.55K	USD	1 Quarter
Warrants issued as part of debt private placement	`WarrantsIssuedAsPartOfDebtPrivatePlacement`	$57.11K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$8.25M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$7.69M	USD	Point-in-time

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