10-Q Filing

TOMI Environmental Solutions, Inc. CIK: 314227 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-005294`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	tomi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 38 Cash Flow Statement 54 Stockholders Equity 8

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Convertible Notes Payable, net of discount	`ConvertibleNotesPayableNetOfDiscount`	$55.62K	USD	Point-in-time
Convertible Notes Payable, net of discount	`ConvertibleNotesPayableNetOfDiscount`	$47.59K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.27M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.52M	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; Issued Shares	`PreferredStockSharesIssued`	510,000.00	shares	Point-in-time
Deposits on Merchandise (Note 9)	`DepositsOnMerchandise1`	-	USD	Point-in-time
Deposits on Merchandise (Note 9)	`DepositsOnMerchandise1`	$15.71K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Issued Shares	`PreferredStockSharesIssued`	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`	$276.69K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$270.42K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series A; Stock Outstanding	`PreferredStockSharesOutstanding`	510,000.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.66M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.18M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stated value	`PreferredStockParOrStatedValuePerShare1`	$1.00K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stated value	`PreferredStockParOrStatedValuePerShare1`	$1.00K	USD	Point-in-time
Property and Equipment - net (Note 4)	`PropertyPlantAndEquipmentNet`	$712.82K	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`	$642.46K	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Cumulative dividend	`CumulativeConvertiblePreferredStockSeriesBCumulativeDividend`	0.07	pure	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`	$1.46M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Issued Shares	`CumulativeConvertiblePreferredStockSeriesBIssuedShares`	0.00	shares	Point-in-time
Intangible Assets - net (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Cumulative Convertible Preferred Stock Series B; Stock Outstanding	`CumulativeConvertiblePreferredStockSeriesBStockOutstanding`	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
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.55M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.46M	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Assets	`Assets`	$12.44M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Assets	`Assets`	$11.77M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	122.35M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	122.05M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$634.80K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$751.73K	USD	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	122.35M	shares	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	122.05M	shares	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 10)	`AccruedLiabilitiesAndOtherLiabilities`	$287.86K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 10)	`AccruedLiabilitiesAndOtherLiabilities`	$267.14K	USD	Point-in-time
Accrued Interest (Note 6)	`AccruedLiabilitiesCurrent`	$80.00K	USD	Point-in-time
Accrued Interest (Note 6)	`AccruedLiabilitiesCurrent`	$16.00K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$1.58K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$3.06K	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	$-781.00	USD	Point-in-time
Deferred Rent	`DeferredRentCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$940.24K	USD	Point-in-time
Convertible Notes Payable, net of discount of $47,588 and 55,625 at March 31, 2018 and December 31, 2017, respectively (Note 6)	`ConvertibleLongTermNotesPayable`	$5.94M	USD	Point-in-time
Convertible Notes Payable, net of discount of $47,588 and 55,625 at March 31, 2018 and December 31, 2017, respectively (Note 6)	`ConvertibleLongTermNotesPayable`	$5.95M	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$5.95M	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$5.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.89M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.05M	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 per share, 1,000,000 shares authorized; 510,000 shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$5.10K	USD	Point-in-time
Cumulative Convertible Series A Preferred Stock; par value $0.01 per share, 1,000,000 shares authorized; 510,000 shares issued and outstanding at March 31, 2018 and December 31, 2017	`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, 2018 and December 31, 2017	`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, 2018 and December 31, 2017	`CumulativeConvertibleSeriesBPreferredStock`	-	USD	Point-in-time
Common Stock; par value $0.01 per share, 200,000,000 shares authorized; 122,349,958 and 122,049,958 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.22M	USD	Point-in-time
Common Stock; par value $0.01 per share, 200,000,000 shares authorized; 122,349,958 and 122,049,958 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.22M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$42.18M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$42.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-37.97M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-38.53M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.39M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.87M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.77M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.44M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$1.10M	USD	1 Quarter
Sales, net	`Revenues`	$1.31M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$491.66K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$416.36K	USD	1 Quarter
Gross Profit	`GrossProfit`	$820.81K	USD	1 Quarter
Gross Profit	`GrossProfit`	$682.53K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$106.46K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$272.01K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$159.15K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$162.74K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$179.38K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$204.00K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$132.49K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$30.65K	USD	1 Quarter
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$12.69K	USD	1 Quarter
Equity Compensation Expense (Note 7)	`ShareBasedCompensation`	$11.55K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$35.03K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$31.05K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$663.89K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$610.36K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.32M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.29M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-611.63K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-496.48K	USD	1 Quarter
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	$8.04K	USD	1 Quarter
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	$137.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	-	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$1.20K	USD	1 Quarter
Interest Expense	`InterestExpense`	$14.13K	USD	1 Quarter
Interest Expense	`InterestExpense`	$60.00K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-14.27K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-66.84K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-563.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	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`	122.23M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-563.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$159.15K	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$162.74K	USD	1 Quarter
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	$137.00	USD	1 Quarter
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	$8.04K	USD	1 Quarter
Equity Based Compensation	`EquityBasedCompensation`	$13.59K	USD	1 Quarter
Equity Based Compensation	`EquityBasedCompensation`	$11.55K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	$30.00K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	-	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$394.45K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.25K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-245.27K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$453.14K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$18.95K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$6.27K	USD	1 Quarter
Deposits on Merchandise	`IncreaseDecreaseInDepositsOnMerchandise`	$-67.89K	USD	1 Quarter
Deposits on Merchandise	`IncreaseDecreaseInDepositsOnMerchandise`	$15.71K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-116.93K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$541.01K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$20.73K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-49.02K	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	$64.00K	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	$-14.13K	USD	1 Quarter
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-781.00	USD	1 Quarter
Deferred Rent	`IncreaseDecreaseInDeferredRent`	$-1.94K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.48K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.69K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-247.53K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-682.58K	USD	1 Quarter
Purchase of Property and Equipment	`PurchaseOfPropertyAndEquipment`	-	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`	-	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`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.30M	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.05M	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-682.58K	USD	1 Quarter
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$948.32K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash Paid For Interest	`InterestExpenseDebt`	-	USD	1 Quarter
Cash Paid For Interest	`InterestExpenseDebt`	$124.00K	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`	-	USD	1 Quarter
Establishment of discount on convertible debt	`EstablishmentOfDiscountOnConvertibleDebt`	$57.11K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$5.39M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.87M	USD	Point-in-time
Equity based compensation, Amount	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$13.59K	USD	1 Quarter
Common stock issued for services provided, Amount	`CommonStockIssuedForServicesProvidedAmount`	$30.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-563.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-625.90K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$5.39M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.87M	USD	Point-in-time

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