10-K Filing

TOMI Environmental Solutions, Inc. CIK: 314227 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001654954-21-003525`
Period End Date	20201231
Filing Date	20210330
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	tomz-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 46 Cash Flow Statement 80 Stockholders Equity 16

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Convertible Notes Payable, current, discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$1.49M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$3.72M	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$198.95K	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.78M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$2.32M	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositAssets`	$388.71K	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositAssets`	$141.05K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$421.31K	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$187.66K	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.71M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.04M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	15.59M	shares	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.37M	USD	Point-in-time
Common Stock; Stock Issued	`CommonStockSharesIssued`	16.76M	shares	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	16.76M	shares	Point-in-time
Common Stock; Stock Outstanding	`CommonStockSharesOutstanding`	15.59M	shares	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$722.92K	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$939.01K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note 7)	`OperatingLeaseRightOfUseAsset`	$631.53K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note 7)	`OperatingLeaseRightOfUseAsset`	$674.47K	USD	Point-in-time
Capitalized Software Development Costs (Note 8)	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$94.28K	USD	Point-in-time
Capitalized Software Development Costs (Note 8)	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$52.38K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$358.94K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$114.03K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.77M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.82M	USD	Point-in-time
Total Assets	`Assets`	$8.23M	USD	Point-in-time
Total Assets	`Assets`	$16.77M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.50M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$713.22K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 14)	`AccruedLiabilitiesAndOtherLiabilities`	$501.85K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 14)	`AccruedLiabilitiesAndOtherLiabilities`	$450.11K	USD	Point-in-time
Accrued Interest (Note 10)	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued Interest (Note 10)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$66.67K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$118.88K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$71.51K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$81.22K	USD	Point-in-time
Convertible Notes Payable, net of discount of $0 at December 31, 2019 (Note 10)	`ConvertibleNotesPayableCurrent`	$5.00M	USD	Point-in-time
Convertible Notes Payable, net of discount of $0 at December 31, 2019 (Note 10)	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.20M	USD	Point-in-time
Loan Payable (Note 16)	`LongTermLoansPayable`	$410.70K	USD	Point-in-time
Loan Payable (Note 16)	`LongTermLoansPayable`	-	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$953.19K	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$1.03M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.03M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.34M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.57M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized: 16,761,513 and 15,587,552 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively.	`CommonStockValue`	$155.88K	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized: 16,761,513 and 15,587,552 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively.	`CommonStockValue`	$167.62K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$44.23M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$52.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-39.11M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-43.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$889.54K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.23M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.77M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$6.35M	USD	Annual
Sales, net	`Revenues`	$25.03M	USD	Annual
Cost of Sales	`CostOfRevenue`	$9.99M	USD	Annual
Cost of Sales	`CostOfRevenue`	$2.43M	USD	Annual
Gross Profit	`GrossProfit`	$3.91M	USD	Annual
Gross Profit	`GrossProfit`	$15.04M	USD	Annual
Professional Fees	`ProfessionalFees`	$363.79K	USD	Annual
Professional Fees	`ProfessionalFees`	$681.38K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$719.76K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$716.16K	USD	Annual
Selling Expenses	`SellingExpense`	$1.25M	USD	Annual
Selling Expenses	`SellingExpense`	$1.65M	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$455.05K	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$340.58K	USD	Annual
Equity Compensation Expense (Note 11)	`ShareBasedCompensation`	$114.22K	USD	Annual
Equity Compensation Expense (Note 11)	`ShareBasedCompensation`	$3.13M	USD	Annual
Consulting fees	`LegalFees`	$126.69K	USD	Annual
Consulting fees	`LegalFees`	$327.23K	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$3.97M	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$2.68M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$6.00M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$10.53M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$-2.08M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$4.51M	USD	Annual
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of Debt Discounts	`AmortizationOfDebtDiscountPremium`	$17.53K	USD	Annual
Interest Income	`InterestIncome`	$2.92K	USD	Annual
Interest Income	`InterestIncome`	$3.04K	USD	Annual
Interest expense	`InterestExpense`	$200.00K	USD	Annual
Interest expense	`InterestExpense`	$43.54K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-40.62K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-214.49K	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.47M	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.30M	USD	Annual
Provision for Income Taxes (Note 17)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes (Note 17)	`IncomeTaxExpenseBenefit`	$77.00K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-2.30M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.27	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.15	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.23	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.15	USD	Annual
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.51M	shares	Annual
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.59M	shares	Annual
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.76M	shares	Annual
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.59M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-2.30M	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$716.16K	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$719.76K	USD	Annual
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$157.31K	USD	Annual
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$157.31K	USD	Annual
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	$17.53K	USD	Annual
Amortization of Debt Discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	Annual
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$31.43K	USD	Annual
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$41.90K	USD	Annual
Equity Based Compensation	`EmployeeBenefitsAndShareBasedCompensation`	$3.13M	USD	Annual
Equity Based Compensation	`EmployeeBenefitsAndShareBasedCompensation`	$114.22K	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$45.20K	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$50.19K	USD	Annual
Reserve for Bad Debts	`ReserveForBadDebts`	$-190.00K	USD	Annual
Reserve for Bad Debts	`ReserveForBadDebts`	$280.00K	USD	Annual
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	$-100.00K	USD	Annual
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	-	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$2.50M	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-840.96K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-348.23K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.39M	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$233.64K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-78.27K	USD	Annual
Vendor Deposits	`IncreaseDecreaseInDepositOtherAssets`	$31.61K	USD	Annual
Vendor Deposits	`IncreaseDecreaseInDepositOtherAssets`	$247.66K	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$198.95K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$154.33K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$294.66K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-420.43K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$788.25K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.93K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$67.57K	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestOnConvertibleNotes`	$-66.67K	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestOnConvertibleNotes`	-	USD	Annual
Accrued Officer Compensation	`IncreaseDecreaseInAccruedOfficerCompensation`	$-70.00K	USD	Annual
Accrued Officer Compensation	`IncreaseDecreaseInAccruedOfficerCompensation`	-	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$118.88K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.49K	USD	Annual
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-65.75K	USD	Annual
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-146.69K	USD	Annual
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-814.45K	USD	Annual
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$4.58M	USD	Annual
Capitalized Software Costs	`PaymentsForSoftware`	-	USD	Annual
Capitalized Software Costs	`PaymentsForSoftware`	$125.70K	USD	Annual
Capitalized Patent Costs	`PaymentsToAcquireIntangibleAssets`	$21.98K	USD	Annual
Capitalized Patent Costs	`PaymentsToAcquireIntangibleAssets`	$111.39K	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$289.27K	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.58K	USD	Annual
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-293.26K	USD	Annual
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-400.65K	USD	Annual
Proceeds from Exercise of Warrants and Options	`ProceedsFromWarrantExercises`	$213.50K	USD	Annual
Proceeds from Exercise of Warrants and Options	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from Loan Payable	`ProceedsFromOtherDebt`	-	USD	Annual
Proceeds from Loan Payable	`ProceedsFromOtherDebt`	$410.70K	USD	Annual
Repayment of Principal Balance on Convertible Note	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Repayment of Principal Balance on Convertible Note	`RepaymentsOfConvertibleDebt`	$500.00K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$124.20K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.30M	USD	Annual
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.11M	USD	Annual
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash Paid For Interest	`InterestPaidNet`	$107.36K	USD	Annual
Cash Paid For Interest	`InterestPaidNet`	$200.00K	USD	Annual
Cash Paid For Income Taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Cash Paid For Income Taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Accrued Equity Compensation	`AccruedEquityCompensation`	$32.66K	USD	Annual
Accrued Equity Compensation	`AccruedEquityCompensation`	$27.19K	USD	Annual
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$4.50M	USD	Annual
Equipment, net Transferred to and from Inventory	`EquipmentNetTransferredToInventory`	$22.68K	USD	Annual
Equipment, net Transferred to and from Inventory	`EquipmentNetTransferredToInventory`	$18.57K	USD	Annual
Patent and trademark costs reclassified from Other Assets	`CapitalizationOfPatentCostsReclassifiedFromOtherAssets`	$51.69K	USD	Annual
Patent and trademark costs reclassified from Other Assets	`CapitalizationOfPatentCostsReclassifiedFromOtherAssets`	$49.76K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$889.54K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.00M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Equity Compensation	`EquityBasedCompensation`	$3.16M	USD	Annual
Equity Compensation	`EquityBasedCompensation`	$146.88K	USD	Annual
Common Stock Issued for Services Provided, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$45.20K	USD	Annual
Common Stock Issued for Services Provided, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$50.19K	USD	Annual
Conversion of Notes Payable into Common Stock, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of Notes Payable into Common Stock, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$4.50M	USD	Annual
Warrants and Options Exercised, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$213.50K	USD	Annual
Other, Amount	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-2.30M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$889.54K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.00M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time

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