10-K Filing

TOMI Environmental Solutions, Inc. CIK: 314227 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001654954-18-003328`
Period End Date	20171231
Filing Date	20180329
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	tomz-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 44 Cash Flow Statement 66 Stockholders Equity 15

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cumulative Convertible Preferred Stock Series A, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$948.33K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.52M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.52M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.05M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Issued	`PreferredStockSharesIssued`	510,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Issued	`PreferredStockSharesIssued`	510,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Outstanding	`PreferredStockSharesOutstanding`	510,000.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series A, Shares Outstanding	`PreferredStockSharesOutstanding`	510,000.00	shares	Point-in-time
Deposits on Merchandise (Note 10)	`DepositAssets`	-	USD	Point-in-time
Deposits on Merchandise (Note 10)	`DepositAssets`	$147.01K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$270.42K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$104.45K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B, Stated Value	`SeriesBPreferredStockParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B, Stated Value	`SeriesBPreferredStockParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.77M	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
Total Current Assets	`AssetsCurrent`	$10.18M	USD	Point-in-time
Property & Equipment - net (Note 4)	`PropertyPlantAndEquipmentNet`	$611.81K	USD	Point-in-time
Property & Equipment - net (Note 4)	`PropertyPlantAndEquipmentNet`	$712.82K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B, Shares Issued	`CumulativeConvertiblePreferredStockSeriesBSharesIssued`	0.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B, Shares Issued	`CumulativeConvertiblePreferredStockSeriesBSharesIssued`	0.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B, Shares Outstanding	`CumulativeConvertiblePreferredStockSeriesBSharesOutstanding`	0.00	shares	Point-in-time
Cumulative Convertible Preferred Stock Series B, Shares Outstanding	`CumulativeConvertiblePreferredStockSeriesBSharesOutstanding`	0.00	shares	Point-in-time
Intangible Assets - net (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$1.92M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B, Dividend Percentage	`CumulativeConvertiblePreferredStockDividendPercentage`	0.07	pure	Point-in-time
Cumulative Convertible Preferred Stock Series B, Dividend Percentage	`CumulativeConvertiblePreferredStockDividendPercentage`	0.07	pure	Point-in-time
Intangible Assets - net (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Security Deposits	`SecurityDeposit`	$4.70K	USD	Point-in-time
Security Deposits	`SecurityDeposit`	$4.70K	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.92M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.55M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	120.83M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	122.05M	shares	Point-in-time
Total Assets	`Assets`	$9.30M	USD	Point-in-time
Total Assets	`Assets`	$12.44M	USD	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	120.83M	shares	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	122.05M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$751.73K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$735.88K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$267.14K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$278.41K	USD	Point-in-time
Accrued Interest (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$80.00K	USD	Point-in-time
Accrued Interest (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$3.06K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$30.12K	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	$8.54K	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	$781.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
Convertible Notes Payable, net of discount of $55,625 at December 31, 2017 (Note 6)	`ConvertibleNotesPayable`	$5.94M	USD	Point-in-time
Convertible Notes Payable, net of discount of $55,625 at December 31, 2017 (Note 6)	`ConvertibleNotesPayable`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$5.94M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.05M	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 December 31, 2016 and 2015	`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 December 31, 2016 and 2015	`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 December 31, 2017 and December 31, 2016	`SeriesBPreferredStockValue`	-	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 December 31, 2017 and December 31, 2016	`SeriesBPreferredStockValue`	-	USD	Point-in-time
Common stock; par value $0.01, 200,000,000 shares authorized; 122,049,958 and 120,825,134 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$1.22M	USD	Point-in-time
Common stock; par value $0.01, 200,000,000 shares authorized; 122,049,958 and 120,825,134 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$1.21M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$41.37M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$42.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-34.33M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-37.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.42M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.44M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$6.34M	USD	Annual
Sales, net	`Revenues`	$4.99M	USD	Annual
Cost of Sales	`CostOfGoodsSold`	$1.93M	USD	Annual
Cost of Sales	`CostOfGoodsSold`	$2.61M	USD	Annual
Gross Profit	`GrossProfit`	$3.73M	USD	Annual
Gross Profit	`GrossProfit`	$3.07M	USD	Annual
Professional Fees	`ProfessionalFees`	$516.93K	USD	Annual
Professional Fees	`ProfessionalFees`	$876.88K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$607.13K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$586.38K	USD	Annual
Selling Expenses	`SellingExpense`	$1.26M	USD	Annual
Selling Expenses	`SellingExpense`	$1.51M	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$454.09K	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$184.26K	USD	Annual
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$614.70K	USD	Annual
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$649.35K	USD	Annual
Consulting fees	`LegalFees`	$307.04K	USD	Annual
Consulting fees	`LegalFees`	$210.54K	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$2.77M	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$3.38M	USD	Annual
Other	`OtherSellingGeneralAndAdministrativeExpense`	-	USD	Annual
Other	`OtherSellingGeneralAndAdministrativeExpense`	$-319.39K	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$6.51M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$7.10M	USD	Annual
Loss From Operations	`OperatingIncomeLoss`	$-3.44M	USD	Annual
Loss From Operations	`OperatingIncomeLoss`	$-3.37M	USD	Annual
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	$6.28K	USD	Annual
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Gain on Disposition of Property and Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on Disposition of Property and Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$12.00K	USD	Annual
Grant	`CostsIncurredDevelopmentCosts`	-	USD	Annual
Grant	`CostsIncurredDevelopmentCosts`	$-199.89K	USD	Annual
Interest Income	`InterestIncome`	-	USD	Annual
Interest Income	`InterestIncome`	$1.80K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$191.26K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-195.74K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$211.89K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.16M	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Basic and Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	121.37M	shares	Annual
Basic and Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	120.56M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-3.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.16M	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$586.38K	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$607.13K	USD	Annual
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	Annual
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	$6.28K	USD	Annual
Equity Based Compensation	`EquityBasedCompensation`	$635.22K	USD	Annual
Equity Based Compensation	`EquityBasedCompensation`	$614.70K	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$369.65K	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$38.10K	USD	Annual
Reserve for Bad Debts	`ReserveForBadDebts`	$200.00K	USD	Annual
Reserve for Bad Debts	`ReserveForBadDebts`	$255.00K	USD	Annual
Gain on Disposition of Property and Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on Disposition of Property and Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$12.00K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$361.80K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$514.57K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-204.62K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$2.76M	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$27.72K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$165.97K	USD	Annual
Deposits on Merchandise	`IncreaseDecreaseInDepositOtherAssets`	$-147.01K	USD	Annual
Deposits on Merchandise	`IncreaseDecreaseInDepositOtherAssets`	$-295.35K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-36.61K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$15.85K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-286.00K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.28K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$159.60K	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestOnConvertibleNotes`	-	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestOnConvertibleNotes`	$80.00K	USD	Annual
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-7.76K	USD	Annual
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-6.20K	USD	Annual
Advances on Grant	`IncreaseDecreaseInAdvancesOnGrant`	-	USD	Annual
Advances on Grant	`IncreaseDecreaseInAdvancesOnGrant`	$-210.50K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-27.06K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.99K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.50M	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.43M	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.83K	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$474.87K	USD	Annual
Proceeds on Disposition of Property and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	Annual
Proceeds on Disposition of Property and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.83K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-462.87K	USD	Annual
Proceeds from Exercise of Warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Proceeds from Exercise of Warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-48.75K	USD	Annual
Proceeds from Convertible Notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from Convertible Notes	`ProceedsFromConvertibleDebt`	$6.00M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.05M	USD	Annual
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.60M	USD	Annual
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.97M	USD	Annual
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$948.33K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$948.33K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash Paid For Interest	`InterestPaidNet`	$111.26K	USD	Annual
Cash Paid For Interest	`InterestPaidNet`	-	USD	Annual
Cash Paid For Income Taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Cash Paid For Income Taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Establishment of discount on convertible debt	`EstablishmentOfDiscountOnConvertibleDebt`	$61.90K	USD	Annual
Establishment of discount on convertible debt	`EstablishmentOfDiscountOnConvertibleDebt`	-	USD	Annual
Transfer of equipment from inventory to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$103.55K	USD	Annual
Transfer of equipment from inventory to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$323.81K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$10.42M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.25M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.39M	USD	Point-in-time
Equity based compensation	`EquityBasedCompensation`	$635.22K	USD	Annual
Equity based compensation	`EquityBasedCompensation`	$614.70K	USD	Annual
Common stock issued for services provided, Amount	`CommonStockIssuedForServicesProvidedAmount`	$369.65K	USD	Annual
Common stock issued for services provided, Amount	`CommonStockIssuedForServicesProvidedAmount`	$38.10K	USD	Annual
Warrants exercised, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Warrants exercised, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-48.75K	USD	Annual
Warrants issued as part of debt private placement	`WarrantsIssuedAsPartOfDebtPrivatePlacement`	$61.90K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.16M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$10.42M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.25M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.39M	USD	Point-in-time

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